Global Inverter Market – Market Forecast, Market Trend, Market Research and Opportunity, Size and Share – 2014-2027

Overview

One of the essential drivers for this market is the ascent in the utilization of wind energy, because of the depleting standard sources of energy and growing considerations regarding greenhouse emission (GHG) emissions, nations over the world are moving their concentration toward the utilization of sustainable sources to produce power. Among all renewable sources, wind power is the most efficient source of power generation. It’s additionally one amongst the foremost abundant sources of alternative energy. Developing mindfulness about the advantages of wind energy is energizing the interest for wind turbine inverters, this is because they can increase the rotational speed and energy output while ensuring a high rate of return for investors from wind projects. In addition, the increasing expense of fossil fuels is convincing customers to move towards renewable wind energy solutions. Subsequently, wind turbines will witness a quick development rate, this will move the development for wind turbine inverters amid the forecast period.

The global inverter market is expected to grow at a CAGR of 6.2% during the analysis period, 2017-2027.

Market Dynamics

Drivers

  • Increasing solar energy installation
  • Energy-saving technology for railroad traction systems
  • Rise in wind energy consumption
  • Increase in demand for EVs and HEVs
  • Rise in process automation

Restraints

  • Intermittent nature of renewable energy
  • Weak global economic outlook
  • Changing market dynamics

Report Key Benefits

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Market Segments

By Application

  • Global motor drive inverter market
  • Global renewable energy inverter market
  • Global UPS inverter market

By Type

  • Single Phase
  • Three Phase

By End User

  • Residential
  • Commercial

By Connection

  • Grid-Connected
  • Stand-Alone

By Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Spain
    • Italy
    • Rest of Europe
  • Asia-Pacific
    • Japan
    • China
    • India
    • Australia
    • South Korea
    • Rest of Asia-Pacific
  • LAMEA
    • Brazil
    • Argentina
    • South Africa
    • Middle East
    • Rest of LAMEA

Company Profiles

  • Bonfiglioli
  • Schneider Electric
  • ABB
  • GE
  • SMA Solar Technology
  • SunPower Corporation
  • Delta Energy Systems GmbH
  • Siemens AG
  • P&P Energy Technology Co. Limited
  • ReneSola

Target Audience

  • Inverter manufacturers, dealers, and suppliers
  • Government and research organizations
  • Banks, venture capitalists, financial institutions, and other investors
  • Market research and consulting firms
  • inverter equipment manufacturing companies
  • Environmental and industrial associations
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