Press release
Inverter Market Expected to See Significant Expansion with a CAGR of 12.7% by 2031 | ABB, Siemens, Yaskawa Electric, Danfoss
Los Angeles, United States - QY Research has released a new publication titled "Global Inverter Market Share and Ranking, Overall Sales and Demand Forecast 2025-2031." This comprehensive study provides an in-depth evaluation of the worldwide Inverter industry, uncovering the major forces influencing market growth and delivering high-value insights for investors, industry leaders, and strategic decision-makers. The report examines critical elements such as market dynamics, evolving technologies, segmentation trends, regional developments, and the competitive landscape. With data backed by rigorous research and expert interpretation, it offers an authoritative guide to understanding the macroeconomic and microeconomic factors reshaping the global market.The global market for Inverter was estimated to be worth US$ 18.47 billion in 2024 and is forecast to a readjusted size of US$ 42.63 billion by 2031 with a CAGR of 12.7% during the forecast period 2025-2031.
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Market Overview -
The study provides verified historical data and forward-looking projections, offering readers a clear understanding of how the Inverter market is expected to expand through 2031. Using accurate and validated data sources, the report answers key questions related to market size, growth patterns, strategic initiatives, and future investment potential.
A power inverter, or inverter, is an electronic device or circuitry that changes direct current (DC) to alternating current (AC). The input voltage, output voltage and frequency, and overall power handling depend on the design of the specific device or circuitry. The inverter does not produce any power; the power is provided by the DC source.
Market Drivers, Challenges & Restraints -
This section outlines the various elements influencing the trajectory of the Inverter market:
Key Growth Drivers -
- Supportive policy frameworks and regulatory reforms
- Advancement in product innovation and technological breakthroughs
- Growing demand in emerging application areas
- Shift in global supply chain structures
Restraints & Challenges -
- Regulatory uncertainties
- Competitive pricing pressures
- Operational risks
- Market-entry barriers
The report also highlights rising opportunities that companies can leverage to gain traction in high-growth segments.
Market Trends and Growth -
Global Demand: The global demand for inverters is driven by several factors, including the increasing adoption of renewable energy sources, the need for reliable backup power in critical infrastructure, and advancements in battery storage technologies.
Technological Innovations: The market is witnessing ongoing technological innovations, such as the development of more efficient and compact inverters, improved power quality, and integration with smart grid technologies.
Major Company Included: -
ABB
Siemens
Yaskawa Electric
Danfoss
Mitsubishi Electric
Schneider Electric
Fuji Electric
Rockwell Automation
Inovance Technology
Delta Electronics
INVT
VEICHI
Hiconics
Toshiba
TECO
Slanvert
Hitachi
Nidec
Wolong Holding
The competitive section of the report provides essential insights needed for companies to strengthen their market positioning. It highlights the strategies adopted by leading players-covering innovation, pricing models, marketing channels, distribution networks, and regional expansion. This evaluation enables market participants to identify competitive advantages and understand challenges that may affect their long-term performance.
Market Segmentation -
The report presents a granular breakdown of the global Inverter market, emphasizing CAGR, market share, future potential, and emerging trends across each segment.
By Type
Low Voltage Inverter
Medium Voltage Inverter
High Voltage Inverter
By Application
Oil & Gas Industry
Chemical Industry
Power and Energy Industry
Mining Industry
Cement Industry
Metallurgical Industry
Other
This segmentation helps identify high-growth niches and valuable investment opportunities across product types and applications.
Regional Analysis -
The report offers a detailed geographic assessment covering four major regions and key contributing countries. Insights include consumption patterns, production levels, market share distribution, and long-term growth prospects.
North America
United States
Canada
Mexico
Latin America
Brazil
Other key regional markets
Asia-Pacific
China
Japan
India
South Korea
ASEAN Countries
Europe, Middle East & Africa (EMEA)
Germany
France
United Kingdom
GCC Countries
African Nations
The analysis spans from 2024 (base year) to 2031 (forecast period).
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Why This Report Is Essential -
✔ Complete Historical & Forecast Analysis (2020-2031)
✔ Detailed Segmentation by Type, Application & Region
✔ In-Depth Competitive Landscape & Company Profiling
✔ Drivers, Restraints & Market Dynamics Explained
✔ Expert Insights to Support Strategic Planning
Report Objectives -
✔ Measure the global Inverter market size (value & volume).
✔ Accurately analyze market shares, consumption trends, and segment performance.
✔ Examine major market dynamics and industry-shaping forces.
✔ Identify and discuss key production, revenue, and sales trends.
✔ Profile top market players and evaluate their competitive strategies.
✔ Review manufacturing practices, pricing structures, and cost trends.
✔ Compare regional and national market performance across key geographies.
✔ Forecast segment-wise and region-wise growth opportunities through 2031.
Key Questions Answered in the Report -
✔ What is the size and estimated growth rate of the global and regional Inverter market?
✔ Which countries are expected to display the strongest growth?
✔ Which region will dominate the market throughout the forecast period?
✔ What are the main factors driving or restraining market expansion?
✔ What technological advancements are shaping future demand?
✔ Where are the key opportunities for new entrants and established players?
✔ Which companies currently hold the highest market share?
✔ How will market dynamics evolve from 2025 to 2031?
Table of Contents - Major Key Points:
1 Market Overview
1.1 Inverter Product Introduction
1.2 Global Inverter Market Size Forecast
1.2.1 Global Inverter Sales Value (2020-2031)
1.2.2 Global Inverter Sales Volume (2020-2031)
1.2.3 Global Inverter Sales Price (2020-2031)
1.3 Inverter Market Trends & Drivers
1.3.1 Inverter Industry Trends
1.3.2 Inverter Market Drivers & Opportunity
1.3.3 Inverter Market Challenges
1.3.4 Inverter Market Restraints
1.4 Assumptions and Limitations
1.5 Study Objectives
1.6 Years Considered
2 Competitive Analysis by Company
2.1 Global Inverter Players Revenue Ranking (2024)
2.2 Global Inverter Revenue by Company (2020-2025)
2.3 Global Inverter Players Sales Volume Ranking (2024)
2.4 Global Inverter Sales Volume by Company Players (2020-2025)
2.5 Global Inverter Average Price by Company (2020-2025)
2.6 Key Manufacturers Inverter Manufacturing Base and Headquarters
2.7 Key Manufacturers Inverter Product Offered
2.8 Key Manufacturers Time to Begin Mass Production of Inverter
2.9 Inverter Market Competitive Analysis
2.9.1 Inverter Market Concentration Rate (2020-2025)
2.9.2 Global 5 and 10 Largest Manufacturers by Inverter Revenue in 2024
2.9.3 Global Top Manufacturers by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Inverter as of 2024)
2.10 Mergers & Acquisitions, Expansion
3 Segmentation by Type
3.1 Introduction by Type
3.1.1 Low Voltage Inverter
3.1.2 Medium Voltage Inverter
3.1.3 High Voltage Inverter
3.2 Global Inverter Sales Value by Type
3.2.1 Global Inverter Sales Value by Type (2020 VS 2024 VS 2031)
3.2.2 Global Inverter Sales Value, by Type (2020-2031)
3.2.3 Global Inverter Sales Value, by Type (%) (2020-2031)
3.3 Global Inverter Sales Volume by Type
3.3.1 Global Inverter Sales Volume by Type (2020 VS 2024 VS 2031)
3.3.2 Global Inverter Sales Volume, by Type (2020-2031)
3.3.3 Global Inverter Sales Volume, by Type (%) (2020-2031)
3.4 Global Inverter Average Price by Type (2020-2031)
4 Segmentation by Application
4.1 Introduction by Application
4.1.1 Oil & Gas Industry
4.1.2 Chemical Industry
4.1.3 Power and Energy Industry
4.1.4 Mining Industry
4.1.5 Cement Industry
4.1.6 Metallurgical Industry
4.1.7 Other
4.2 Global Inverter Sales Value by Application
4.2.1 Global Inverter Sales Value by Application (2020 VS 2024 VS 2031)
4.2.2 Global Inverter Sales Value, by Application (2020-2031)
4.2.3 Global Inverter Sales Value, by Application (%) (2020-2031)
4.3 Global Inverter Sales Volume by Application
4.3.1 Global Inverter Sales Volume by Application (2020 VS 2024 VS 2031)
4.3.2 Global Inverter Sales Volume, by Application (2020-2031)
4.3.3 Global Inverter Sales Volume, by Application (%) (2020-2031)
4.4 Global Inverter Average Price by Application (2020-2031)
5 Segmentation by Region
5.1 Global Inverter Sales Value by Region
5.1.1 Global Inverter Sales Value by Region: 2020 VS 2024 VS 2031
5.1.2 Global Inverter Sales Value by Region (2020-2025)
5.1.3 Global Inverter Sales Value by Region (2026-2031)
5.1.4 Global Inverter Sales Value by Region (%), (2020-2031)
5.2 Global Inverter Sales Volume by Region
5.2.1 Global Inverter Sales Volume by Region: 2020 VS 2024 VS 2031
5.2.2 Global Inverter Sales Volume by Region (2020-2025)
5.2.3 Global Inverter Sales Volume by Region (2026-2031)
5.2.4 Global Inverter Sales Volume by Region (%), (2020-2031)
5.3 Global Inverter Average Price by Region (2020-2031)
5.4 North America
5.4.1 North America Inverter Sales Value, 2020-2031
5.4.2 North America Inverter Sales Value by Country (%), 2024 VS 2031
5.5 Europe
5.5.1 Europe Inverter Sales Value, 2020-2031
5.5.2 Europe Inverter Sales Value by Country (%), 2024 VS 2031
5.6 Asia Pacific
5.6.1 Asia Pacific Inverter Sales Value, 2020-2031
5.6.2 Asia Pacific Inverter Sales Value by Region (%), 2024 VS 2031
5.7 South America
5.7.1 South America Inverter Sales Value, 2020-2031
5.7.2 South America Inverter Sales Value by Country (%), 2024 VS 2031
5.8 Middle East & Africa
5.8.1 Middle East & Africa Inverter Sales Value, 2020-2031
5.8.2 Middle East & Africa Inverter Sales Value by Country (%), 2024 VS 2031
6 Segmentation by Key Countries/Regions
6.1 Key Countries/Regions Inverter Sales Value Growth Trends, 2020 VS 2024 VS 2031
6.2 Key Countries/Regions Inverter Sales Value and Sales Volume
6.2.1 Key Countries/Regions Inverter Sales Value, 2020-2031
6.2.2 Key Countries/Regions Inverter Sales Volume, 2020-2031
6.3 United States
6.3.1 United States Inverter Sales Value, 2020-2031
6.3.2 United States Inverter Sales Value by Type (%), 2024 VS 2031
6.3.3 United States Inverter Sales Value by Application, 2024 VS 2031
6.4 Europe
6.4.1 Europe Inverter Sales Value, 2020-2031
6.4.2 Europe Inverter Sales Value by Type (%), 2024 VS 2031
6.4.3 Europe Inverter Sales Value by Application, 2024 VS 2031
6.5 China
6.5.1 China Inverter Sales Value, 2020-2031
6.5.2 China Inverter Sales Value by Type (%), 2024 VS 2031
6.5.3 China Inverter Sales Value by Application, 2024 VS 2031
6.6 Japan
6.6.1 Japan Inverter Sales Value, 2020-2031
6.6.2 Japan Inverter Sales Value by Type (%), 2024 VS 2031
6.6.3 Japan Inverter Sales Value by Application, 2024 VS 2031
6.7 South Korea
6.7.1 South Korea Inverter Sales Value, 2020-2031
6.7.2 South Korea Inverter Sales Value by Type (%), 2024 VS 2031
6.7.3 South Korea Inverter Sales Value by Application, 2024 VS 2031
6.8 Southeast Asia
6.8.1 Southeast Asia Inverter Sales Value, 2020-2031
6.8.2 Southeast Asia Inverter Sales Value by Type (%), 2024 VS 2031
6.8.3 Southeast Asia Inverter Sales Value by Application, 2024 VS 2031
6.9 India
6.9.1 India Inverter Sales Value, 2020-2031
6.9.2 India Inverter Sales Value by Type (%), 2024 VS 2031
6.9.3 India Inverter Sales Value by Application, 2024 VS 2031
7 Company Profiles
7.1 ABB
7.1.1 ABB Company Information
7.1.2 ABB Introduction and Business Overview
7.1.3 ABB Inverter Sales, Revenue, Price and Gross Margin (2020-2025)
7.1.4 ABB Inverter Product Offerings
7.1.5 ABB Recent Development
7.2 Siemens
7.2.1 Siemens Company Information
7.2.2 Siemens Introduction and Business Overview
7.2.3 Siemens Inverter Sales, Revenue, Price and Gross Margin (2020-2025)
7.2.4 Siemens Inverter Product Offerings
7.2.5 Siemens Recent Development
7.3 Yaskawa Electric
7.3.1 Yaskawa Electric Company Information
7.3.2 Yaskawa Electric Introduction and Business Overview
7.3.3 Yaskawa Electric Inverter Sales, Revenue, Price and Gross Margin (2020-2025)
7.3.4 Yaskawa Electric Inverter Product Offerings
7.3.5 Yaskawa Electric Recent Development
7.4 Danfoss
7.4.1 Danfoss Company Information
7.4.2 Danfoss Introduction and Business Overview
7.4.3 Danfoss Inverter Sales, Revenue, Price and Gross Margin (2020-2025)
7.4.4 Danfoss Inverter Product Offerings
7.4.5 Danfoss Recent Development
7.5 Mitsubishi Electric
7.5.1 Mitsubishi Electric Company Information
7.5.2 Mitsubishi Electric Introduction and Business Overview
7.5.3 Mitsubishi Electric Inverter Sales, Revenue, Price and Gross Margin (2020-2025)
7.5.4 Mitsubishi Electric Inverter Product Offerings
7.5.5 Mitsubishi Electric Recent Development
7.6 Schneider Electric
7.6.1 Schneider Electric Company Information
7.6.2 Schneider Electric Introduction and Business Overview
7.6.3 Schneider Electric Inverter Sales, Revenue, Price and Gross Margin (2020-2025)
7.6.4 Schneider Electric Inverter Product Offerings
7.6.5 Schneider Electric Recent Development
7.7 Fuji Electric
7.7.1 Fuji Electric Company Information
7.7.2 Fuji Electric Introduction and Business Overview
7.7.3 Fuji Electric Inverter Sales, Revenue, Price and Gross Margin (2020-2025)
7.7.4 Fuji Electric Inverter Product Offerings
7.7.5 Fuji Electric Recent Development
7.8 Rockwell Automation
7.8.1 Rockwell Automation Company Information
7.8.2 Rockwell Automation Introduction and Business Overview
7.8.3 Rockwell Automation Inverter Sales, Revenue, Price and Gross Margin (2020-2025)
7.8.4 Rockwell Automation Inverter Product Offerings
7.8.5 Rockwell Automation Recent Development
7.9 Inovance Technology
7.9.1 Inovance Technology Company Information
7.9.2 Inovance Technology Introduction and Business Overview
7.9.3 Inovance Technology Inverter Sales, Revenue, Price and Gross Margin (2020-2025)
7.9.4 Inovance Technology Inverter Product Offerings
7.9.5 Inovance Technology Recent Development
7.10 Delta Electronics
7.10.1 Delta Electronics Company Information
7.10.2 Delta Electronics Introduction and Business Overview
7.10.3 Delta Electronics Inverter Sales, Revenue, Price and Gross Margin (2020-2025)
7.10.4 Delta Electronics Inverter Product Offerings
7.10.5 Delta Electronics Recent Development
7.11 INVT
7.11.1 INVT Company Information
7.11.2 INVT Introduction and Business Overview
7.11.3 INVT Inverter Sales, Revenue, Price and Gross Margin (2020-2025)
7.11.4 INVT Inverter Product Offerings
7.11.5 INVT Recent Development
7.12 VEICHI
7.12.1 VEICHI Company Information
7.12.2 VEICHI Introduction and Business Overview
7.12.3 VEICHI Inverter Sales, Revenue, Price and Gross Margin (2020-2025)
7.12.4 VEICHI Inverter Product Offerings
7.12.5 VEICHI Recent Development
7.13 Hiconics
7.13.1 Hiconics Company Information
7.13.2 Hiconics Introduction and Business Overview
7.13.3 Hiconics Inverter Sales, Revenue, Price and Gross Margin (2020-2025)
7.13.4 Hiconics Inverter Product Offerings
7.13.5 Hiconics Recent Development
7.14 Toshiba
7.14.1 Toshiba Company Information
7.14.2 Toshiba Introduction and Business Overview
7.14.3 Toshiba Inverter Sales, Revenue, Price and Gross Margin (2020-2025)
7.14.4 Toshiba Inverter Product Offerings
7.14.5 Toshiba Recent Development
7.15 TECO
7.15.1 TECO Company Information
7.15.2 TECO Introduction and Business Overview
7.15.3 TECO Inverter Sales, Revenue, Price and Gross Margin (2020-2025)
7.15.4 TECO Inverter Product Offerings
7.15.5 TECO Recent Development
7.16 Slanvert
7.16.1 Slanvert Company Information
7.16.2 Slanvert Introduction and Business Overview
7.16.3 Slanvert Inverter Sales, Revenue, Price and Gross Margin (2020-2025)
7.16.4 Slanvert Inverter Product Offerings
7.16.5 Slanvert Recent Development
7.17 Hitachi
7.17.1 Hitachi Company Information
7.17.2 Hitachi Introduction and Business Overview
7.17.3 Hitachi Inverter Sales, Revenue, Price and Gross Margin (2020-2025)
7.17.4 Hitachi Inverter Product Offerings
7.17.5 Hitachi Recent Development
7.18 Nidec
7.18.1 Nidec Company Information
7.18.2 Nidec Introduction and Business Overview
7.18.3 Nidec Inverter Sales, Revenue, Price and Gross Margin (2020-2025)
7.18.4 Nidec Inverter Product Offerings
7.18.5 Nidec Recent Development
7.19 Wolong Holding
7.19.1 Wolong Holding Company Information
7.19.2 Wolong Holding Introduction and Business Overview
7.19.3 Wolong Holding Inverter Sales, Revenue, Price and Gross Margin (2020-2025)
7.19.4 Wolong Holding Inverter Product Offerings
7.19.5 Wolong Holding Recent Development
8 Industry Chain Analysis
8.1 Inverter Industrial Chain
8.2 Inverter Upstream Analysis
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.2.3 Manufacturing Cost Structure
8.3 Midstream Analysis
8.4 Downstream Analysis (Customers Analysis)
8.5 Sales Model and Sales Channels
8.5.1 Inverter Sales Model
8.5.2 Sales Channel
8.5.3 Inverter Distributors
9 Research Findings and Conclusion
10 Appendix
10.1 Research Methodology
10.1.1 Methodology/Research Approach
10.1.1.1 Research Programs/Design
10.1.1.2 Market Size Estimation
10.1.1.3 Market Breakdown and Data Triangulation
10.1.2 Data Source
10.1.2.1 Secondary Sources
10.1.2.2 Primary Sources
10.2 Author Details
10.3 Disclaimer
About Us:
QYResearch established as a research firm in 2007 and have since grown into a trusted brand amongst many industries. Over the years, we have consistently worked toward delivering high-quality customized solutions for wide range of clients ranging from ICT to healthcare industries. With over 50,000 satisfied clients, spread over 80 countries, we have sincerely strived to deliver the best analytics through exhaustive research methodologies.
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QY Research, INC.
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