Inverter Market Worth $33.8 Billion in 2027 - Exclusive Report by MarketsandMarkets™

CHICAGO, June 2, 2022 /PRNewswire/ -- According to the new market research report "Inverter Market by Type (Solar Inverters, Vehicle Inverter, others), Output Power Rating (Upto 10 kW, 10-50 kW, 51-100 kW, above 100 kW), End User (PV Plants, Residential, Automotive), Connection, Voltage, Sales Channel & Region - Global Forecast to 2027", published by MarketsandMarkets™, the Inverter Market is expected to grow at a CAGR of 15.7% during the forecast period, from an estimated USD 16.3 billion in 2022 to USD 33.8 billion in 2027. Increasing adoption of inverters worldwide in case of power back-ups, rise in the investments and technological developments in PV systems to generate clean power is fueling demand for inverters. The rise in the roof top installations, and developments in the smart grid infrastructure are creating numerous opportunities for inverter manufacturers.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=263171818

The 100–300 V, by output voltage, is expected to be the largest and fastest Inverter Market during the forecast period

The 100–300 V holds the largest share of the global Inverter Market. The increase in the urbanization has increased the electricity demand in the various sectors. One such sector is residential sector where there is increased electricity demand. The AC voltage that is operated in this sector generally lies in between 100–300 V. Due to rise in the number of roof-top solar installations and as well as the power backup systems in households. This is fuelling the demand for inverters which are in connection with the PV systems and power backup systems in the range of 100–300 V in the market.

Browse in-depth TOC on "Inverter Market"

174 – Tables
59 – Figures 
223 – Pages

View Detailed Table of Content Here: https://www.marketsandmarkets.com/Market-Reports/inverter-market-263171818.html 

Above 100 kW segment is anticipated to be the fastest-growing Inverter Market by output power rating, during the forecast period

Above 100 kW segment is expected to have the largest market share during the forecast period. Government initiatives in increasing the renewable energy mix in their countries contributed to the rise in the developments of PV plants is fuelling the demand for above 100 kW output power rating inverters. The expanding automotive industry towards manufacturing electric vehicles is also contributing to the growth of the segment.

Asia Pacific is expected to dominate the global Inverter Market during the forecast period

In this report, the Inverter Market has been analyzed for 5 regions, namely Asia Pacific, North America, Europe, Middle East & Africa, South America. Asia Pacific is expected to lead the market during the forecast period.

The Inverter Market in Asia Pacific is witnessing significant developments in the renewable energy generation due to climate change actions taken by various countries in the region, which has supported the demand for inverters across countries of the region. China is among the fastest growing economies in the world and the increase automation in the country has tremendously increased power generation and consumption. These factors have made China one of the most lucrative markets for the power industry. Moreover, the government policies and schemes supporting solar energy generation in the country is expected to contribute to the growth of the Inverter Market in Asia Pacific. Policies like feed-in-tariff, and net metering have also been designed to support the growth of roof top solar installations. These factors are likely to create a huge demand for inverters in the region.

Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=263171818 

To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the Inverter Market. These include Huawei Technologies (China), Sungrow Power Supply (China), SMA Solar Technology (Germany), Power Electronics (Spain), FIMER (Italy). The leading players are trying to establish themselves in the markets of developed countries and are adopting various strategies such as product launches, contracts, agreements, partnerships, collaborations, alliances, acquisitions, and expansions to increase their respective market shares.

Browse Adjacent Markets: Energy and Power Market Research Reports & Consulting

Browse Related Reports:

Micro-inverter Market with COVID-19 Impact by Offering, Communication Technology, Type, Power Rating, Connection Type, Sales Channel, Application (Residential, Commercial, and PV Power Plant), and Geography - Global Forecast to 2025

String Inverter Market by Phase (Single and Three), System Type (On-Grid and Off-Grid), Power Rating (Up to 10kw, 11kw–40kw, 41kw–80kw, and Above 80kw), End-User (Residential, Commercial & Industrial, and Utilities), and Region - Global Forecast to 2021

About MarketsandMarkets™ 

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:

Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/inverter-market.asp
Visit Our Web Site: https://www.marketsandmarkets.com 
Content Source: https://www.marketsandmarkets.com/PressReleases/inverter.asp

Logo: https://mma.prnewswire.com/media/660509/MarketsandMarkets_Logo.jpg