The Market Reports

Synopsis
The global market for Inverter was estimated to be worth US$ 18470 million in 2024 and is forecast to a readjusted size of US$ 42630 million by 2031 with a CAGR of 12.7% during the forecast period 2025-2031.
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 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.
Market Segmentation: The general inverter market can be segmented by power rating, application, and end-user industry. Different segments have unique growth drivers and challenges.
Key Players and Competitive Landscape
Leading Manufacturers: The market is dominated by several leading manufacturers, such as Schneider Electric, Emerson Electric, Eaton Corporation, ABB Ltd., Siemens AG, and General Electric (GE). These companies offer a wide range of inverter products tailored to different applications and industries.
Competitive Dynamics: The competitive landscape is characterized by ongoing product innovation, strategic partnerships, and mergers and acquisitions to expand geographical reach and product portfolios.
Regional Market Trends
Asia-Pacific: The Asia-Pacific region is a significant market for inverters, driven by rapid industrialization, urbanization, and the growing adoption of renewable energy sources. China and India are key markets in this region.
Europe and North America: These regions have mature markets with stable growth rates. The focus is on improving energy efficiency, integrating renewable energy sources into the grid, and ensuring grid reliability and resilience.
Latin America and the Middle East & Africa: These regions offer growth potential due to increasing infrastructure development, urbanization, and the need for reliable power sources.
Market Challenges and Opportunities
Challenges: The market faces challenges such as the high cost of inverters, particularly for high-power applications, and the need for ongoing maintenance and repair services. Additionally, regulatory and safety standards can vary by region, requiring manufacturers to adapt their products to meet local requirements.
Opportunities: The increasing adoption of renewable energy sources, the need for reliable backup power in critical infrastructure, and advancements in battery storage technologies present significant opportunities for growth in the inverter market.
Conclusion
The inverter market is a dynamic and growing industry, driven by the increasing adoption of renewable energy sources, the need for reliable backup power, and advancements in technology. Leading manufacturers are continuously innovating to meet the changing needs of their customers, while regional markets offer diverse growth opportunities. However, challenges such as high costs and regulatory requirements must be navigated to capitalize on these opportunities.
This report aims to provide a comprehensive presentation of the global market for Inverter, focusing on the total sales volume, sales revenue, price, key companies market share and ranking, together with an analysis of Inverter by region & country, by Type, and by Application.
The Inverter market size, estimations, and forecasts are provided in terms of sales volume (K Units) and sales revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. With both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Inverter.
Market Segmentation
By Company
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
Segment by Type
Low Voltage Inverter
Medium Voltage Inverter
High Voltage Inverter
Segment by Application
Oil & Gas Industry
Chemical Industry
Power and Energy Industry
Mining Industry
Cement Industry
Metallurgical Industry
Other
By Region
North America
United States
Canada
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia-Pacific
Europe
Germany
France
U.K.
Italy
Netherlands
Nordic Countries
Rest of Europe
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
Chapter Outline
Chapter 1: Introduces the report scope of the report, global total market size (value, volume and price). This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 2: Detailed analysis of Inverter manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 5: Sales, revenue of Inverter in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 6: Sales, revenue of Inverter in country level. It provides sigmate data by Type, and by Application for each country/region.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.

Index