Inverter Market Size, Share, Trends, Analysis and Forecasts To 2021

Market Research analysts forecast the global inverter market to grow at a CAGR of 6% during the period 2017-2021

The following companies as the key players in the global inverter market: ABB, Bonfiglioli, GE, Schneider Electric, and SMA Solar Technology.

Other Prominent Vendors in the market are: Mitsubishi Electric, Danfoss, ALSTOM, Siemens, Delta Electronics, KACO new energy, Eaton, Power One Micro Systems, Vertiv, OMRON, Enphase Energy, TABUCHI ELECTRIC, Fronius International, Huawei Technologies, Advanced Energy Industries, and Sungrow.

Commenting on the report, an analyst team said: The latest trend gaining momentum in the market is increase in demand for clean power. The demand for power is constantly increasing across the globe. This growth in population and the global economy is expected to drive this trend in the future as well. According to the World Bank, the global population is expected to increase from 7.3 billion in 2015 to 9 billion by 2035 and the global demand for power is expected to increase to 34,454 TWh by 2035. Thus, to sustain this economic growth in the face of population rise and the increase in development will require a substantial amount of power.

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According to the report, one of the major drivers for this market is increasing solar energy installation. In the recent years, the solar energy industry has gained momentum and grown drastically. This is mainly due to the initiatives undertaken by governments worldwide that encourage the use of renewable resources. Many industrialized or developed nations have integrated significant quantity of solar power into their electrical grids to provide an alternative to the conventional energy sources.

Further, the report states that one of the major factors hindering the growth of this market is weak global economic outlook. The global inverter market is dependent on the manufacturing and industrial business for its sustenance, and these industries rely on the global economy for its existence. A strong macro economy increases the global appetite for goods, thereby fueling the demand for manufactured products.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.


About Inverter

An inverter system is a device that converts direct current (DC) into alternate current (AC). From this process, alternating current is produced and this form of electricity can be used to power appliances and electrical machines.

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Covered in this report

The report covers the present scenario and the growth prospects of the global inverter market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sale of inverters in different end-user industries.

The market is divided into the following segments based on geography:
Americas
APAC
EMEA

Global Inverter Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
ABB
Bonfiglioli
GE
Schneider Electric
SMA Solar Technology
Other prominent vendors
Mitsubishi Electric
Danfoss
Delta Electronics
Eaton
Vertiv
Enphase Energy
Fronius International
Advanced Energy Industries
Sungrow
Siemens
ALSTOM
KACO new energy
Power One Micro Systems
OMRON
TABUCHI ELECTRIC
Huawei Technologies
Market driver
Increasing solar energy installation
For a full, detailed list, view our report

Market challenge
Weak global economic outlook
For a full, detailed list, view our report

Market trend
Increase in demand for clean power
For a full, detailed list, view our report

Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?

You can request one free hour of our analyst’s time when you purchase this market report. Details are provided within the report.

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