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Power Inverter Market
Power Inverter Market Size, Share, Forecast, & Trends Analysis by Product Type (Pure Sine Wave, Modified Sine Wave), Grid Type (Grid Tie Inverters, Hybrid Inverters), Source, Phase, Portability, End User (Residential, Commercial, Industrial), and Geography - Global Forecast to 2031
Report ID:MRSE - 1041199 Pages: 250 May-2024 Formats*: PDF Category: Semiconductor and Electronics Delivery: 24 to 72 HoursPower Inverter Market Size & Forecast
The Power Inverter Market is expected to reach $109.7 billion by 2031, at a CAGR of 5.3% from 2024 to 2031. The growth of this market is attributed to the increasing investment in renewable energy, growing demand for uninterrupted power supply across various industries, and increasing government initiatives to promote the use of renewable energy. Moreover, the adoption of smart grid technologies and the integration of solar inverters with energy storage systems are expected to offer growth opportunities for the players operating in this market.
Power Inverter Market Growth Drivers
Growing Demand for Uninterrupted Power Supply Across Various Industries Supports the Growth of Power Inverter Market
Commercial buildings are increasingly installing power inverters for daily operations. The growing power outage disrupts the operations leading to lost productivity and revenue. Thus, power inverters are used to provide critical backup power, ensuring a smooth workflow during outages and minimizing downtime. Many commercial spaces, such as retail stores, offices, and hospitals, are increasingly implementing automation technologies. These systems rely on electricity to function effectively. Power inverters ensure these technologies continue to operate during outages.
Some of the industries that are seeing a significant rise in power inverter demand:
- Manufacturing: Production lines rely on uninterrupted power to avoid delays and maintain quality control.
- Healthcare: Hospitals and medical facilities require constant power for critical equipment such as life support systems.
- Telecommunication: To maintain uninterrupted communication networks during power outages.
- Restaurants & Hotels: Provide backup power to ensure a positive customer experience even during outages.
Such factors are supporting the growth of the power inverter market across various industries during the forecast period.
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Increasing Government Initiatives to Promote the Use of Renewable Energy Drives the Growth of Power Inverter Market
Government bodies around the globe are increasingly investing in smart grids to utilize intelligent technology to manage power flow and improve grid stability. Inverters play a crucial role in smart grids to facilitate grid synchronization and optimize power delivery from renewable sources.
Some of the government initiatives to promote renewable energy are as follows:
- In March 2024, the Bureau of Energy Efficiency (India) launched the Grid-Connected Solar Inverter with Standards and Labeling Program to provide better quality inverters for consumers to use as part of the solar rooftop system.
- In March 2023, the U.S. government invested USD 124 million in renewable energy and fertilizer production projects in 44 states to lower energy costs, generate new income, and create jobs for U.S. farmers, ranchers, agricultural producers, and rural small businesses.
By incentivizing solar and wind power adoption, supporting distributed generation, and enhancing grid integration, these policies create a significant demand for inverters, making them a critical component of the clean energy transition. Such government initiatives promoting renewable energy further drive the growth of the power inverter market.
Power Inverter Market Opportunity
Adoption of Smart Grid Technologies Offering Growth Opportunities for Power Inverter Market
Smart grids are electricity networks that leverage digital technologies, sensors, and software to optimize the matching of electricity supply and demand in real time. They thereby minimize costs and uphold grid stability and reliability. They contribute to enhancing power quality, transmission reliability, distribution efficiency, and conservation while reducing electric utility costs.
Renewable energy sources such as solar and wind power generate electricity in DC format. The smart grid relies heavily on inverters to convert the DC power into AC for seamless integration into the existing AC grid infrastructure. The increasing integration of smart grid technologies encourages the adoption of distributed generation, where power is produced closer to consumption points. Power inverters play a vital role in these distributed systems, enabling the efficient conversion of DC power from rooftop solar panels or small wind turbines into usable AC power for local use. The adoption of smart grid technologies creates a more dynamic and complex power grid that relies heavily on efficient power conversion. Thus, fuels the growth of the power inverter market, particularly for advanced inverters capable of communication, grid synchronization, and bi-directional power flow.
Integration of Solar Inverters with Energy Storage Systems Offering Growth Opportunities for Power Inverter Market
The integration of solar inverters with energy storage systems (ESS) is a major factor supporting the adoption of power inverters across various sectors. Integrating an ESS with a solar inverter allows for storing excess solar energy during the day and using it later when needed, maximizing self-consumption and reducing reliance on the grid. ESS systems combined with inverters help to mitigate the impact of fluctuating solar power generation on the grid.
An ESS paired with a solar inverter provides backup power during grid outages, keeping essential appliances and lights functioning. Inverters integrated with ESS offer greater functionality and value for homeowners and businesses, making them a more attractive solution compared to traditional grid-tied solar inverters. The growing adoption of solar inverters with storage systems creates a significant demand for power inverters to handle bi-directional power flow and communicate with ESS for intelligent system management. Such factors offer growth opportunities for the power inverter market during the forecast period.
Power Inverter Market Analysis: Key Findings
By Product Type: In 2024, the Pure Sine Wave Inverter Segment to Dominate the Power Inverter Market
Based on product type, the power inverter market is segmented into pure sine wave inverter, modified sine wave inverter, and square wave inverter. In 2024, the pure sine wave inverter segment is expected to account for the largest share of the power inverter market. The large market share of this segment is attributed to the increasing sales of electronics products, growth of renewable energy systems, rising consumer awareness about the advantages of pure sine wave inverters, and increasing government incentives to promote renewable energy usage. Increasing sales of electronics products such as laptops, TVs, medical equipment, and power tools equipped with sophisticated power supplies that require AC sine waves for optimal performance further support the segment's growth.
However, the modified sine wave inverter segment is projected to register the highest CAGR during the period. The segment's growth is attributed to the increasing use of modified sine wave inverters for light bulbs and fans, simple power tools, and modified sine wave inverters being cheaper than other power inverters.
By Grid Type: In 2024, the Grid Tie Inverters Segment to Dominate the Power Inverter Market
Based on grid type, the power inverter market is segmented into off grid inverters, grid tie inverters, and hybrid inverters. In 2024, the grid tie inverters segment is expected to account for the largest share of above 47% of the power inverter market. The large market share of this segment is attributed to the increasing government initiatives to promote renewable energy adoption, increasing demand for cost-effective solar panels, the increasing cost of traditional electricity, and rising concerns about climate change and fossil fuel dependence.
However, the hybrid inverters segment is projected to register the highest CAGR during the forecast period. The segment's growth is attributed to the growing trend of renewable energy, advancements in battery technology, and increasing demand for smart homes and energy management solutions. In May 2023, Solis Technologies (India) launched the S6 Advanced Power Hybrid Inverter to offer automatic UPS switching and up to 10 seconds of 200% surge power backup overload capability.
By Source: In 2024, the Voltage Source Inverter Segment to Dominate the Power Inverter Market
Based on source, the power inverter market is segmented into current source inverter and voltage source inverter. In 2024, the voltage source inverter segment is expected to account for the larger share of the power inverter market. The large market share of this segment is attributed to the rising demand for voltage source inverters (VSIs) across various sectors, driving electrification, increasing renewable energy adoption, advancements in semiconductor technology, and adoption of smart grid technology. Moreover, this segment is also projected to register the highest CAGR during the forecast period.
By Phase: In 2024, the Three Phase Inverter Segment to Dominate the Power Inverter Market
Based on phase, the power inverter market is segmented into single phase inverter and three phase inverter. In 2024, the three phase inverter segment is expected to account for the larger share of above 76% of the power inverter market. The large market share of this segment is attributed to the increasing demand for three phase inverters for powering machinery in factories, water treatment plants, and various heavy-duty applications, the increasing adoption of industrial automation systems, and the increasing need to improve energy efficiency in industrial applications. In January 2021, FIMER S.p.a. (Italy) launched the PVS-10/33-TL three-phase string inverter solution for commercial and industrial applications. Moreover, this segment is also projected to register the highest CAGR during the forecast period.
By Portability: In 2024, the Portable Segment to Dominate the Power Inverter Market
Based on portability, the power inverter market is segmented into portable and non-portable. In 2024, the portable segment is expected to account for the larger share of above 64% of the power inverter market. The large market share of this segment is attributed to the increasing use of power essential appliances and electronic devices such as laptops, phones, and cameras, growing concern about power outages, and increasing affordability of portable inverters.
However, the non-portable segment is projected to register the highest CAGR during the forecast period. The segment's growth is attributed to the increasing use of non-portable inverters in industrial applications, increasing focus on critical infrastructure backup power, and the development of smart grid technologies.
By End User: In 2024, the Commercial Segment to Dominate the Power Inverter Market
Based on end user, the power inverter market is segmented into residential, commercial, and industrial. In 2024, the commercial segment is expected to account for the largest share of above 46% of the power inverter market. The large market share of this segment is attributed to the increasing demand for uninterrupted power supply for commercial spaces such as data centers, retail stores, and hospitals, increasing integration of energy management systems in commercial buildings, government regulations for promoting energy efficiency and increasing applications of power inverters in the commercial sector such as powering LED lighting systems and operating HVAC equipment. In May 2024, Sungrow Power Supply Co., Ltd. (China) launched hybrid inverters and battery solutions for the residential and commercial sectors in Australia to enhance the experience and safeguard the reliability of power plants. Moreover, this segment is also projected to register the highest CAGR during the forecast period.
Geographical Analysis
In 2024, the Asia-Pacific Region to Dominate the Power Inverter Market
In 2024, Asia-Pacific is expected to account for the largest share of above 43% of the power inverter market. The market growth in Asia-Pacific is driven by the rising demand for reliable power supplies for factories, warehouses, and construction sites in the region, increasing government initiatives to promote renewable energy adoption, increasing demand for consumer electronics and appliances, and increasing investment to upgrade grid infrastructure. Developed economies such as China, Japan, and South Korea are focusing on grid-tie inverters for renewable energy integration while developing countries are experiencing higher demand for portable inverters for backup power and off-grid applications. Moreover, this region is also projected to record the highest CAGR of above 6.5% during the forecast period.
Power Inverter Market: Key Companies
The report offers a competitive analysis based on an extensive assessment of the leading players’ product portfolios, geographic presence, and key growth strategies adopted in the last 3–4 years. Some of the key players operating in the power inverter market are SMA Solar Technology AG (Germany), SolarEdge Technologies Inc. (Israel), Enphase Energy, Inc. (U.S.), Mitsubishi Electric Corporation (Japan), Huawei Technologies Co., Ltd. (China), General Electric Company (U.S.), Sungrow Power Supply Co., Ltd. (China), Eaton Corporation plc (Ireland), Delta Electronics, Inc. (Taiwan), ABB Ltd (Switzerland), Schneider Electric SE (France), Siemens AG (Germany), Omron Corporation (Japan), Growatt New Energy (China), and Tabuchi Electric Co., Ltd. (Japan).
Power Inverter Industry Overview: Latest Developments from Key Industry Players
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In October 2023, GoodWe (China) launched the three-phase 1,500V utility string inverter to meet the demand of large-scale power plants. It offers high power efficiency, streamlined operation and maintenance (O&M), and reliable system stability.
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In May 2023, SolaX Power (China) launched the X1-Hybrid LV, a hybrid inverter designed to provide high efficiency for low-voltage solar PV systems in residential applications.
- In January 2021, Tesla, Inc. (U.S.) launched a solar power inverter for home applications to convert DC power from solar to AC power for home consumption.
Power Inverter Market Research Summary
|
Particulars |
Details |
|
Number of Pages |
250 |
|
Format |
|
|
Forecast Period |
2024–2031 |
|
Base Year |
2023 |
|
CAGR (Value) |
USD 5.3 Billion by 2031 |
|
Market Size (Value) |
109.7% |
|
Segments Covered |
By Product Type
By Grid Type
By Source
By Phase
By Portability
By End User
|
|
Countries Covered |
North America (U.S., Canada), Europe (Germany, U.K., France, Italy, Spain, Rest of Europe), Asia-Pacific (Japan, China, India, South Korea, Singapore, Australia & New Zealand, Rest of Asia-Pacific), Latin America (Mexico, Brazil, Rest of Latin America), and the Middle East & Africa (UAE, Israel, Rest of Middle East & Africa) |
|
Key Companies |
SMA Solar Technology AG (Germany), SolarEdge Technologies Inc. (Israel), Enphase Energy, Inc. (U.S.), Mitsubishi Electric Corporation (Japan), Huawei Technologies Co., Ltd. (China), General Electric Company (U.S.), Sungrow Power Supply Co., Ltd. (China), Eaton Corporation plc (Ireland), Delta Electronics, Inc. (Taiwan), ABB Ltd (Switzerland), Schneider Electric SE (France), Siemens AG (Germany), Omron Corporation (Japan), Growatt New Energy (China), and Tabuchi Electric Co., Ltd. (Japan) |
Key questions answered in the power inverter market report:
The power inverter market study focuses on market assessment and opportunity analysis through the sales of power inverters across different regions and countries across different market segmentations. This study is also focused on competitive analysis for power inverters based on an extensive assessment of the leading players’ product portfolios, geographic presence, and key growth strategies.
The power inverter market is projected to reach $109.7 billion by 2031, at a CAGR of 5.3% during the forecast period.
In 2024, the grid tie inverters segment is expected to account for the largest share of above 47% of the power inverter market.
Based on end user, the commercial segment is projected to register the highest CAGR during the forecast period.
The growth of this market is attributed to the increasing investment in renewable energy, growing demand for uninterrupted power supply across various industries, and increasing government initiatives to promote the use of renewable energy. Moreover, the adoption of smart grid technologies and the integration of solar inverters with energy storage systems are expected to offer growth opportunities for the players operating in this market.
The key players operating in the power inverter market are SMA Solar Technology AG (Germany), SolarEdge Technologies Inc. (Israel), Enphase Energy, Inc. (U.S.), Mitsubishi Electric Corporation (Japan), Huawei Technologies Co., Ltd. (China), General Electric Company (U.S.), Sungrow Power Supply Co., Ltd. (China), Eaton Corporation plc (Ireland), Delta Electronics, Inc. (Taiwan), ABB Ltd (Switzerland), Schneider Electric SE (France), Siemens AG (Germany), Omron Corporation (Japan), Growatt New Energy (China), and Tabuchi Electric Co., Ltd. (Japan).
Asia-Pacific is projected to register the highest CAGR of above 6.5% during the forecast period.
1. Market Definition & Scope
1.1. Market Definition
1.2. Currency & Limitations
1.2.1. Currency
1.2.2. Limitations
2. Research Methodology
2.1. Research Approach
2.2. Data Collection & Validation Process
2.2.1. Secondary Research
2.2.2. Primary Research/Interviews with Key Opinion Leaders from the Industry
2.3. Market Sizing and Forecasting
2.3.1. Market Size Estimation Approach
2.3.2. Growth Forecast Approach
2.4. Assumptions for the Study
3. Executive Summary
3.1. Overview
3.2. Market Analysis, By Product Type
3.3. Market Analysis, By Grid Type
3.4. Market Analysis, By Source
3.5. Market Analysis, By Phase
3.6. Market Analysis, By Portability
3.7. Market Analysis, By End User
3.8. Market Analysis, By Geography
3.9. Competitive Analysis
4. Market Insights
4.1. Overview
4.2. Factors Affecting Market Growth
4.2.1. Drivers
4.2.1.1. Increasing Investment in Renewable Energy
4.2.1.2. Growing Demand for Uninterrupted Power Supply Across Various Industries
4.2.1.3. Increasing Government Initiatives to Promote the Use of Renewable Energy
4.2.2. Restraints
4.2.2.1. High Installation & Maintenance Cost
4.2.2.2. Grid Integration Regulations
4.2.3. Opportunities
4.2.3.1. Adoption of Smart Grid Technologies
4.2.3.2. Integration of Solar Inverters with Energy Storage Systems
4.2.4. Challenges
4.2.4.1. Limited Power Output and Efficiency
4.3. Case Studies
4.4. Porter's Five Forces Analysis
5. Power Inverter Market Assessment—by Product Type
5.1. Overview
5.2. Pure Sine Wave Inverter
5.3. Modified Sine Wave Inverter
5.4. Square Wave Inverter
6. Power Inverter Market Assessment—by Grid Type
6.1. Overview
6.2. Off Grid Inverters
6.3. Grid Tie Inverters
6.4. Hybrid Inverters
7. Power Inverter Market Assessment—by Source
7.1. Overview
7.2. Current Source Inverter
7.3. Voltage Source Inverter
8. Power Inverter Market Assessment—by Phase
8.1. Single Phase Inverter
8.2. Three Phase Inverter
9. Power Inverter Market Assessment—by Portability
9.1. Portable
9.2. Non-Portable
10. Power Inverter Market Assessment—by End User
10.1. Overview
10.2. Residential
10.3. Commercial
10.3.1 Corporate Offices
10.3.2. Retail Spaces
10.3.3. Hospital & Healthcare Centers
10.3.4. Educational Institutes
10.3.5. Transit Stations
10.3.6. Other Commercial Applications
10.4. Industrial
10.4.1. Utility
10.4.2. Construction Sites
10.4.3. Industrial Manufacturing
10.4.4. Mining
10.4.5. Agriculture
10.4.6. Other Industrial Applications
11. Power Inverter Market—by Geography
11.1. Overview
11.2. North America
11.2.1. U.S.
11.2.2. Canada
11.3. Europe
11.3.1. Germany
11.3.2. U.K.
11.3.3. France
11.3.4. Italy
11.3.5. Spain
11.3.6. Rest of Europe
11.4. Asia-Pacific
11.4.1. Japan
11.4.2. China
11.4.3. India
11.4.4. South Korea
11.4.5. Singapore
11.4.6. Australia & New Zealand
11.4.7. Rest of Asia-Pacific
11.5. Latin America
11.5.1. Mexico
11.5.2. Brazil
11.5.3. Rest of Latin America
11.6. Middle East & Africa
11.6.1. UAE
11.6.2. Israel
11.6.3. Rest of Middle East & Africa
12. Competition Analysis
12.1. Overview
12.2. Key Growth Strategies
12.3. Competitive Benchmarking
12.4. Competitive Dashboard
12.4.1. Industry Leaders
12.4.2. Market Differentiators
12.4.3. Vanguards
12.4.4. Emerging Companies
12.5. Market Share Analysis
13. Company Profiles (Company Overview, Financial Overview, Product Portfolio, and Strategic Developments)
13.1. SMA Solar Technology AG
13.2. SolarEdge Technologies Inc.
13.3. Enphase Energy, Inc.
13.4. Mitsubishi Electric Corporation
13.5. Huawei Technologies Co., Ltd.
13.6. General Electric Company
13.7. Sungrow Power Supply Co., Ltd.
13.8. Eaton Corporation plc
13.9. Delta Electronics, Inc.
13.10. ABB Ltd.
13.11. Schneider Electric SE
13.12. Siemens AG
13.13. Omron Corporation
13.14. Growatt New Energy
13.15. Tabuchi Electric Co., Ltd.
(Note: SWOT analysis of the top 5 companies will be provided.)
14. Appendix
14.1. Available Customization
14.2. Related Reports
List of Tables
Table 1 Global Power Inverter Market, By Product Type, 2022–2031 (USD Million)
Table 2 Global Pure Sine Wave Inverter Market, By Country/Region, 2022–2031 (USD Million)
Table 3 Global Modified Sine Wave Inverter Market, By Country/Region, 2022–2031 (USD Million)
Table 4 Global Square Wave Inverter Market, By Country/Region, 2022–2031 (USD Million)
Table 5 Global Power Inverter Market, By Grid Type, 2022–2031 (USD Million)
Table 6 Global Off Grid Inverters Market, By Country/Region, 2022–2031 (USD Million)
Table 7 Global Grid Tie Inverters Market, By Country/Region, 2022–2031 (USD Million)
Table 8 Global Hybrid Inverters Market, By Country/Region, 2022–2031 (USD Million)
Table 9 Global Power Inverter Market, By Source, 2022–2031 (USD Million)
Table 10 Global Current Source Inverter Market, By Country/Region, 2022–2031 (USD Million)
Table 11 Global Voltage Source Inverter Market, By Country/Region, 2022–2031 (USD Million)
Table 12 Global Power Inverter Market, By Phase, 2022–2031 (USD Million)
Table 13 Global Single Phase Inverter Market, By Country/Region, 2022–2031 (USD Million)
Table 14 Global Three Phase Inverter Market, By Country/Region, 2022–2031 (USD Million)
Table 15 Global Power Inverter Market, By Portability, 2022–2031 (USD Million)
Table 16 Global Portable Power Inverter Market, By Country/Region, 2022–2031 (USD Million)
Table 17 Global Non-Portable Power Inverter Market, By Country/Region, 2022–2031 (USD Million)
Table 18 Global Power Inverter Market, By End User, 2022–2031 (USD Million)
Table 19 Global Residential Power Inverter Market, By Country/Region, 2022–2031 (USD Million)
Table 20 Global Commercial Power Inverter Market, By Type, 2022–2031 (USD Million)
Table 21 Global Commercial Power Inverter Market, By Country/Region, 2022–2031 (USD Million)
Table 22 Global Commercial Power Inverter Market for Corporate Offices, By Country/Region, 2022–2031 (USD Million)
Table 23 Global Commercial Power Inverter Market for Retail Spaces, By Country/Region, 2022–2031 (USD Million)
Table 24 Global Commercial Power Inverter Market for Hospital & Healthcare Centers, By Country/Region, 2022–2031 (USD Million)
Table 25 Global Commercial Power Inverter Market for Educational Institutes, By Country/Region, 2022–2031 (USD Million)
Table 26 Global Commercial Power Inverter Market for Transit Stations, By Country/Region, 2022–2031 (USD Million)
Table 27 Global Power Inverter Market for Other Commercial Applications, By Country/Region, 2022–2031 (USD Million)
Table 28 Global Industrial Power Inverter Market, By Type, 2022–2031 (USD Million)
Table 29 Global Industrial Power Inverter Market, By Country/Region, 2022–2031 (USD Million)
Table 30 Global Industrial Power Inverter Market for Utility, By Country/Region, 2022–2031 (USD Million)
Table 31 Global Industrial Power Inverter Market for Construction Sites, By Country/Region, 2022–2031 (USD Million)
Table 32 Global Industrial Power Inverter Market for Industrial Manufacturing, By Country/Region, 2022–2031 (USD Million)
Table 33 Global Industrial Power Inverter Market for Mining, By Country/Region, 2022–2031 (USD Million)
Table 34 Global Industrial Power Inverter Market for Agriculture, By Country/Region, 2022–2031 (USD Million)
Table 35 Global Power Inverter Market for Other Industrial Applications, By Country/Region, 2022–2031 (USD Million)
Table 36 Global Power Inverter Market, By Country/Region, 2022–2031 (USD Million)
Table 37 North America: Power Inverter Market, By Country, 2022–2031 (USD Million)
Table 38 North America: Power Inverter Market, By Product Type, 2022–2031 (USD Million)
Table 39 North America: Power Inverter Market, By Grid Type, 2022–2031 (USD Million)
Table 40 North America: Power Inverter Market, By Source, 2022–2031 (USD Million)
Table 41 North America: Power Inverter Market, By Phase, 2022–2031 (USD Million)
Table 42 North America: Power Inverter Market, By Portability, 2022–2031 (USD Million)
Table 43 North America: Power Inverter Market, By End User, 2022–2031 (USD Million)
Table 44 North America: Commercial Power Inverter Market, By Type, 2022–2031 (USD Million)
Table 45 North America: Industrial Power Inverter Market, By Type, 2022–2031 (USD Million)
Table 46 U.S.: Power Inverter Market, By Product Type, 2022–2031 (USD Million)
Table 47 U.S.: Power Inverter Market, By Grid Type, 2022–2031 (USD Million)
Table 48 U.S.: Power Inverter Market, By Source, 2022–2031 (USD Million)
Table 49 U.S.: Power Inverter Market, By Phase, 2022–2031 (USD Million)
Table 50 U.S.: Power Inverter Market, By Portability, 2022–2031 (USD Million)
Table 51 U.S.: Power Inverter Market, By End User, 2022–2031 (USD Million)
Table 52 U.S.: Commercial Power Inverter Market, By Type, 2022–2031 (USD Million)
Table 53 U.S.: Industrial Power Inverter Market, By Type, 2022–2031 (USD Million)
Table 54 Canada: Power Inverter Market, By Product Type, 2022–2031 (USD Million)
Table 55 Canada: Power Inverter Market, By Grid Type, 2022–2031 (USD Million)
Table 56 Canada: Power Inverter Market, By Source, 2022–2031 (USD Million)
Table 57 Canada: Power Inverter Market, By Phase, 2022–2031 (USD Million)
Table 58 Canada: Power Inverter Market, By Portability, 2022–2031 (USD Million)
Table 59 Canada: Power Inverter Market, By End User, 2022–2031 (USD Million)
Table 60 Canada: Commercial Power Inverter Market, By Type, 2022–2031 (USD Million)
Table 61 Canada: Industrial Power Inverter Market, By Type, 2022–2031 (USD Million)
Table 62 Europe: Power Inverter Market, By Country/Region, 2022–2031 (USD Million)
Table 63 Europe: Power Inverter Market, By Product Type, 2022–2031 (USD Million)
Table 64 Europe: Power Inverter Market, By Grid Type, 2022–2031 (USD Million)
Table 65 Europe: Power Inverter Market, By Source, 2022–2031 (USD Million)
Table 66 Europe: Power Inverter Market, By Phase, 2022–2031 (USD Million)
Table 67 Europe: Power Inverter Market, By Portability, 2022–2031 (USD Million)
Table 68 Europe: Power Inverter Market, By End User, 2022–2031 (USD Million)
Table 69 Europe: Commercial Power Inverter Market, By Type, 2022–2031 (USD Million)
Table 70 Europe: Industrial Power Inverter Market, By Type, 2022–2031 (USD Million)
Table 71 Germany: Power Inverter Market, By Product Type, 2022–2031 (USD Million)
Table 72 Germany: Power Inverter Market, By Grid Type, 2022–2031 (USD Million)
Table 73 Germany: Power Inverter Market, By Source, 2022–2031 (USD Million)
Table 74 Germany: Power Inverter Market, By Phase, 2022–2031 (USD Million)
Table 75 Germany: Power Inverter Market, By Portability, 2022–2031 (USD Million)
Table 76 Germany: Power Inverter Market, By End User, 2022–2031 (USD Million)
Table 77 Germany: Commercial Power Inverter Market, By Type, 2022–2031 (USD Million)
Table 78 Germany: Industrial Power Inverter Market, By Type, 2022–2031 (USD Million)
Table 79 U.K.: Power Inverter Market, By Product Type, 2022–2031 (USD Million)
Table 80 U.K.: Power Inverter Market, By Grid Type, 2022–2031 (USD Million)
Table 81 U.K.: Power Inverter Market, By Source, 2022–2031 (USD Million)
Table 82 U.K.: Power Inverter Market, By Phase, 2022–2031 (USD Million)
Table 83 U.K.: Power Inverter Market, By Portability, 2022–2031 (USD Million)
Table 84 U.K.: Power Inverter Market, By End User, 2022–2031 (USD Million)
Table 85 U.K.: Commercial Power Inverter Market, By Type, 2022–2031 (USD Million)
Table 86 U.K.: Industrial Power Inverter Market, By Type, 2022–2031 (USD Million)
Table 87 France: Power Inverter Market, By Product Type, 2022–2031 (USD Million)
Table 88 France: Power Inverter Market, By Grid Type, 2022–2031 (USD Million)
Table 89 France: Power Inverter Market, By Source, 2022–2031 (USD Million)
Table 90 France: Power Inverter Market, By Phase, 2022–2031 (USD Million)
Table 91 France: Power Inverter Market, By Portability, 2022–2031 (USD Million)
Table 92 France: Power Inverter Market, By End User, 2022–2031 (USD Million)
Table 93 France: Commercial Power Inverter Market, By Type, 2022–2031 (USD Million)
Table 94 France: Industrial Power Inverter Market, By Type, 2022–2031 (USD Million)
Table 95 Italy: Power Inverter Market, By Product Type, 2022–2031 (USD Million)
Table 96 Italy: Power Inverter Market, By Grid Type, 2022–2031 (USD Million)
Table 97 Italy: Power Inverter Market, By Source, 2022–2031 (USD Million)
Table 98 Italy: Power Inverter Market, By Phase, 2022–2031 (USD Million)
Table 99 Italy: Power Inverter Market, By Portability, 2022–2031 (USD Million)
Table 100 Italy: Power Inverter Market, By End User, 2022–2031 (USD Million)
Table 101 Italy: Commercial Power Inverter Market, By Type, 2022–2031 (USD Million)
Table 102 Italy: Industrial Power Inverter Market, By Type, 2022–2031 (USD Million)
Table 103 Spain: Power Inverter Market, By Product Type, 2022–2031 (USD Million)
Table 104 Spain: Power Inverter Market, By Grid Type, 2022–2031 (USD Million)
Table 105 Spain: Power Inverter Market, By Source, 2022–2031 (USD Million)
Table 106 Spain: Power Inverter Market, By Phase, 2022–2031 (USD Million)
Table 107 Spain: Power Inverter Market, By Portability, 2022–2031 (USD Million)
Table 108 Spain: Power Inverter Market, By End User, 2022–2031 (USD Million)
Table 109 Spain: Commercial Power Inverter Market, By Type, 2022–2031 (USD Million)
Table 110 Spain: Industrial Power Inverter Market, By Type, 2022–2031 (USD Million)
Table 111 Rest of Europe: Power Inverter Market, By Product Type, 2022–2031 (USD Million)
Table 112 Rest of Europe: Power Inverter Market, By Grid Type, 2022–2031 (USD Million)
Table 113 Rest of Europe: Power Inverter Market, By Source, 2022–2031 (USD Million)
Table 114 Rest of Europe: Power Inverter Market, By Phase, 2022–2031 (USD Million)
Table 115 Rest of Europe: Power Inverter Market, By Portability, 2022–2031 (USD Million)
Table 116 Rest of Europe: Power Inverter Market, By End User, 2022–2031 (USD Million)
Table 117 Rest of Europe: Commercial Power Inverter Market, By Type, 2022–2031 (USD Million)
Table 118 Rest of Europe: Industrial Power Inverter Market, By Type, 2022–2031 (USD Million)
Table 119 Asia-Pacific: Power Inverter Market, By Country/Region, 2022–2031 (USD Million)
Table 120 Asia-Pacific: Power Inverter Market, By Product Type, 2022–2031 (USD Million)
Table 121 Asia-Pacific: Power Inverter Market, By Grid Type, 2022–2031 (USD Million)
Table 122 Asia-Pacific: Power Inverter Market, By Source, 2022–2031 (USD Million)
Table 123 Asia-Pacific: Power Inverter Market, By Phase, 2022–2031 (USD Million)
Table 124 Asia-Pacific: Power Inverter Market, By Portability, 2022–2031 (USD Million)
Table 125 Asia-Pacific: Power Inverter Market, By End User, 2022–2031 (USD Million)
Table 126 Asia-Pacific: Commercial Power Inverter Market, By Type, 2022–2031 (USD Million)
Table 127 Asia-Pacific: Industrial Power Inverter Market, By Type, 2022–2031 (USD Million)
Table 128 Japan: Power Inverter Market, By Product Type, 2022–2031 (USD Million)
Table 129 Japan: Power Inverter Market, By Grid Type, 2022–2031 (USD Million)
Table 130 Japan: Power Inverter Market, By Source, 2022–2031 (USD Million)
Table 131 Japan: Power Inverter Market, By Phase, 2022–2031 (USD Million)
Table 132 Japan: Power Inverter Market, By Portability, 2022–2031 (USD Million)
Table 133 Japan: Power Inverter Market, By End User, 2022–2031 (USD Million)
Table 134 Japan: Commercial Power Inverter Market, By Type, 2022–2031 (USD Million)
Table 135 Japan: Industrial Power Inverter Market, By Type, 2022–2031 (USD Million)
Table 136 China: Power Inverter Market, By Product Type, 2022–2031 (USD Million)
Table 137 China: Power Inverter Market, By Grid Type, 2022–2031 (USD Million)
Table 138 China: Power Inverter Market, By Source, 2022–2031 (USD Million)
Table 139 China: Power Inverter Market, By Phase, 2022–2031 (USD Million)
Table 140 China: Power Inverter Market, By Portability, 2022–2031 (USD Million)
Table 141 China: Power Inverter Market, By End User, 2022–2031 (USD Million)
Table 142 China: Commercial Power Inverter Market, By Type, 2022–2031 (USD Million)
Table 143 China: Industrial Power Inverter Market, By Type, 2022–2031 (USD Million)
Table 144 India: Power Inverter Market, By Product Type, 2022–2031 (USD Million)
Table 145 India: Power Inverter Market, By Grid Type, 2022–2031 (USD Million)
Table 146 India: Power Inverter Market, By Source, 2022–2031 (USD Million)
Table 147 India: Power Inverter Market, By Phase, 2022–2031 (USD Million)
Table 148 India: Power Inverter Market, By Portability, 2022–2031 (USD Million)
Table 149 India: Power Inverter Market, By End User, 2022–2031 (USD Million)
Table 150 India: Commercial Power Inverter Market, By Type, 2022–2031 (USD Million)
Table 151 India: Industrial Power Inverter Market, By Type, 2022–2031 (USD Million)
Table 152 South Korea: Power Inverter Market, By Product Type, 2022–2031 (USD Million)
Table 153 South Korea: Power Inverter Market, By Grid Type, 2022–2031 (USD Million)
Table 154 South Korea: Power Inverter Market, By Source, 2022–2031 (USD Million)
Table 155 South Korea: Power Inverter Market, By Phase, 2022–2031 (USD Million)
Table 156 South Korea: Power Inverter Market, By Portability, 2022–2031 (USD Million)
Table 157 South Korea: Power Inverter Market, By End User, 2022–2031 (USD Million)
Table 158 South Korea: Commercial Power Inverter Market, By Type, 2022–2031 (USD Million)
Table 159 South Korea: Industrial Power Inverter Market, By Type, 2022–2031 (USD Million)
Table 160 Singapore: Power Inverter Market, By Product Type, 2022–2031 (USD Million)
Table 161 Singapore: Power Inverter Market, By Grid Type, 2022–2031 (USD Million)
Table 162 Singapore: Power Inverter Market, By Source, 2022–2031 (USD Million)
Table 163 Singapore: Power Inverter Market, By Phase, 2022–2031 (USD Million)
Table 164 Singapore: Power Inverter Market, By Portability, 2022–2031 (USD Million)
Table 165 Singapore: Power Inverter Market, By End User, 2022–2031 (USD Million)
Table 166 Singapore: Commercial Power Inverter Market, By Type, 2022–2031 (USD Million)
Table 167 Singapore: Industrial Power Inverter Market, By Type, 2022–2031 (USD Million)
Table 168 Australia & New Zealand: Power Inverter Market, By Product Type, 2022–2031 (USD Million)
Table 169 Australia & New Zealand: Power Inverter Market, By Grid Type, 2022–2031 (USD Million)
Table 170 Australia & New Zealand: Power Inverter Market, By Source, 2022–2031 (USD Million)
Table 171 Australia & New Zealand: Power Inverter Market, By Phase, 2022–2031 (USD Million)
Table 172 Australia & New Zealand: Power Inverter Market, By Portability, 2022–2031 (USD Million)
Table 173 Australia & New Zealand: Power Inverter Market, By End User, 2022–2031 (USD Million)
Table 174 Australia & New Zealand: Commercial Power Inverter Market, By Type, 2022–2031 (USD Million)
Table 175 Australia & New Zealand: Industrial Power Inverter Market, By Type, 2022–2031 (USD Million)
Table 176 Rest of Asia-Pacific: Power Inverter Market, By Product Type, 2022–2031 (USD Million)
Table 177 Rest of Asia-Pacific: Power Inverter Market, By Grid Type, 2022–2031 (USD Million)
Table 178 Rest of Asia-Pacific: Power Inverter Market, By Source, 2022–2031 (USD Million)
Table 179 Rest of Asia-Pacific: Power Inverter Market, By Phase, 2022–2031 (USD Million)
Table 180 Rest of Asia-Pacific: Power Inverter Market, By Portability, 2022–2031 (USD Million)
Table 181 Rest of Asia-Pacific: Power Inverter Market, By End User, 2022–2031 (USD Million)
Table 182 Rest of Asia-Pacific: Commercial Power Inverter Market, By Type, 2022–2031 (USD Million)
Table 183 Rest of Asia-Pacific: Industrial Power Inverter Market, By Type, 2022–2031 (USD Million)
Table 184 Latin America: Power Inverter Market, By Country/Region, 2022–2031 (USD Million)
Table 185 Latin America: Power Inverter Market, By Product Type, 2022–2031 (USD Million)
Table 186 Latin America: Power Inverter Market, By Grid Type, 2022–2031 (USD Million)
Table 187 Latin America: Power Inverter Market, By Source, 2022–2031 (USD Million)
Table 188 Latin America: Power Inverter Market, By Phase, 2022–2031 (USD Million)
Table 189 Latin America: Power Inverter Market, By Portability, 2022–2031 (USD Million)
Table 190 Latin America: Power Inverter Market, By End User, 2022–2031 (USD Million)
Table 191 Latin America: Commercial Power Inverter Market, By Type, 2022–2031 (USD Million)
Table 192 Latin America: Industrial Power Inverter Market, By Type, 2022–2031 (USD Million)
Table 193 Mexico: Power Inverter Market, By Product Type, 2022–2031 (USD Million)
Table 194 Mexico: Power Inverter Market, By Grid Type, 2022–2031 (USD Million)
Table 195 Mexico: Power Inverter Market, By Source, 2022–2031 (USD Million)
Table 196 Mexico: Power Inverter Market, By Phase, 2022–2031 (USD Million)
Table 197 Mexico: Power Inverter Market, By Portability, 2022–2031 (USD Million)
Table 198 Mexico: Power Inverter Market, By End User, 2022–2031 (USD Million)
Table 199 Mexico: Commercial Power Inverter Market, By Type, 2022–2031 (USD Million)
Table 200 Mexico: Industrial Power Inverter Market, By Type, 2022–2031 (USD Million)
Table 201 Brazil: Power Inverter Market, By Product Type, 2022–2031 (USD Million)
Table 202 Brazil: Power Inverter Market, By Grid Type, 2022–2031 (USD Million)
Table 203 Brazil: Power Inverter Market, By Source, 2022–2031 (USD Million)
Table 204 Brazil: Power Inverter Market, By Phase, 2022–2031 (USD Million)
Table 205 Brazil: Power Inverter Market, By Portability, 2022–2031 (USD Million)
Table 206 Brazil: Power Inverter Market, By End User, 2022–2031 (USD Million)
Table 207 Brazil: Commercial Power Inverter Market, By Type, 2022–2031 (USD Million)
Table 208 Brazil: Industrial Power Inverter Market, By Type, 2022–2031 (USD Million)
Table 209 Rest of Latin America: Power Inverter Market, By Product Type, 2022–2031 (USD Million)
Table 210 Rest of Latin America: Power Inverter Market, By Grid Type, 2022–2031 (USD Million)
Table 211 Rest of Latin America: Power Inverter Market, By Source, 2022–2031 (USD Million)
Table 212 Rest of Latin America: Power Inverter Market, By Phase, 2022–2031 (USD Million)
Table 213 Rest of Latin America: Power Inverter Market, By Portability, 2022–2031 (USD Million)
Table 214 Rest of Latin America: Power Inverter Market, By End User, 2022–2031 (USD Million)
Table 215 Rest of Latin America: Commercial Power Inverter Market, By Type, 2022–2031 (USD Million)
Table 216 Rest of Latin America: Industrial Power Inverter Market, By Type, 2022–2031 (USD Million)
Table 217 Middle East & Africa: Power Inverter Market, By Country/Region, 2022–2031 (USD Million)
Table 218 Middle East & Africa: Power Inverter Market, By Product Type, 2022–2031 (USD Million)
Table 219 Middle East & Africa: Power Inverter Market, By Grid Type, 2022–2031 (USD Million)
Table 220 Middle East & Africa: Power Inverter Market, By Source, 2022–2031 (USD Million)
Table 221 Middle East & Africa: Power Inverter Market, By Phase, 2022–2031 (USD Million)
Table 222 Middle East & Africa: Power Inverter Market, By Portability, 2022–2031 (USD Million)
Table 223 Middle East & Africa: Power Inverter Market, By End User, 2022–2031 (USD Million)
Table 224 Middle East & Africa: Commercial Power Inverter Market, By Type, 2022–2031 (USD Million)
Table 225 Middle East & Africa: Industrial Power Inverter Market, By Type, 2022–2031 (USD Million)
Table 226 UAE: Power Inverter Market, By Product Type, 2022–2031 (USD Million)
Table 227 UAE: Power Inverter Market, By Grid Type, 2022–2031 (USD Million)
Table 228 UAE: Power Inverter Market, By Source, 2022–2031 (USD Million)
Table 229 UAE: Power Inverter Market, By Phase, 2022–2031 (USD Million)
Table 230 UAE: Power Inverter Market, By Portability, 2022–2031 (USD Million)
Table 231 UAE: Power Inverter Market, By End User, 2022–2031 (USD Million)
Table 232 UAE: Commercial Power Inverter Market, By Type, 2022–2031 (USD Million)
Table 233 UAE: Industrial Power Inverter Market, By Type, 2022–2031 (USD Million)
Table 234 Israel: Power Inverter Market, By Product Type, 2022–2031 (USD Million)
Table 235 Israel: Power Inverter Market, By Grid Type, 2022–2031 (USD Million)
Table 236 Israel: Power Inverter Market, By Source, 2022–2031 (USD Million)
Table 237 Israel: Power Inverter Market, By Phase, 2022–2031 (USD Million)
Table 238 Israel: Power Inverter Market, By Portability, 2022–2031 (USD Million)
Table 239 Israel: Power Inverter Market, By End User, 2022–2031 (USD Million)
Table 240 Israel: Commercial Power Inverter Market, By Type, 2022–2031 (USD Million)
Table 241 Israel: Industrial Power Inverter Market, By Type, 2022–2031 (USD Million)
Table 242 Rest of Middle East & Africa: Power Inverter Market, By Product Type, 2022–2031 (USD Million)
Table 243 Rest of Middle East & Africa: Power Inverter Market, By Grid Type, 2022–2031 (USD Million)
Table 244 Rest of Middle East & Africa: Power Inverter Market, By Source, 2022–2031 (USD Million)
Table 245 Rest of Middle East & Africa: Power Inverter Market, By Phase, 2022–2031 (USD Million)
Table 246 Rest of Middle East & Africa: Power Inverter Market, By Portability, 2022–2031 (USD Million)
Table 247 Rest of Middle East & Africa: Power Inverter Market, By End User, 2022–2031 (USD Million)
Table 248 Rest of Middle East & Africa: Commercial Power Inverter Market, By Type, 2022–2031 (USD Million)
Table 249 Rest of Middle East & Africa: Industrial Power Inverter Market, By Type, 2022–2031 (USD Million)
Table 250 Recent Developments by Major Market Players (2021–2024)
List of Figures
Figure 1 Market Ecosystem
Figure 2 Key Stakeholders
Figure 3 Research Process
Figure 4 Key Secondary Sources
Figure 5 Primary Research Techniques.
Figure 6 Key Executives Interviewed
Figure 7 Breakdown of Primary Interviews (Supply-side & Demand-side)
Figure 8 Market Sizing and Growth Forecast Approach
Figure 9 Key Insights
Figure 10 Global Power Inverter Market, by Product Type, 2024 Vs. 2031 (USD Million)
Figure 11 Global Power Inverter Market, by Grid Type, 2024 Vs. 2031 (USD Million)
Figure 12 Global Power Inverter Market, by Source, 2024 Vs. 2031 (USD Million)
Figure 13 Global Power Inverter Market, by Phase, 2024 Vs. 2031 (USD Million)
Figure 14 Global Power Inverter Market, by Portability, 2024 Vs. 2031 (USD Million)
Figure 15 Global Power Inverter Market, by End User, 2024 Vs. 2031 (USD Million)
Figure 16 Global Power Inverter Market, by Region, 2024 Vs. 2031 (USD Million)
Figure 17 Impact Analysis: Global Power Inverter Market
Figure 18 Global Power Inverter Market, by Product Type, 2024 Vs. 2031 (USD Million)
Figure 19 Global Power Inverter Market, by Grid Type, 2024 Vs. 2031 (USD Million)
Figure 20 Global Power Inverter Market, by Source, 2024 Vs. 2031 (USD Million)
Figure 21 Global Power Inverter Market, by Phase, 2024 Vs. 2031 (USD Million)
Figure 22 Global Power Inverter Market, by Portability, 2024 Vs. 2031 (USD Million)
Figure 23 Global Power Inverter Market, by End User, 2024 Vs. 2031 (USD Million)
Figure 24 Global Power Inverter Market, by Region, 2024 Vs. 2031 (USD Million)
Figure 25 Asia-Pacific: Power Inverter Market Snapshot
Figure 26 Europe: Power Inverter Market Snapshot
Figure 27 Asia-Pacific: Power Inverter Market Snapshot
Figure 28 Latin America: Power Inverter Market Snapshot
Figure 29 Middle East & Africa: Power Inverter Market Snapshot
Figure 30 Growth Strategies Adopted by Leading Market Players (2021–2024)
Figure 31 Vendor Market Positioning Analysis (2022–2024)
Figure 32 Competitive Dashboard: Global Power Inverter Market
Figure 33 SMA Solar Technology AG: Financial Overview (2022)
Figure 34 SolarEdge Technologies Inc.: Financial Overview (2022)
Figure 35 Enphase Energy, Inc.: Financial Overview (2022)
Figure 36 Mitsubishi Electric Corporation: Financial Overview (2022)
Figure 37 Huawei Technologies Co., Ltd.: Financial Overview (2022)
Figure 38 General Electric Company: Financial Overview (2022)
Figure 39 Sungrow Power Supply Co., Ltd.: Financial Overview (2022)
Figure 40 Eaton Corporation plc: Financial Overview (2022)
Figure 41 Delta Electronics, Inc.: Financial Overview (2022)
Figure 42 ABB Ltd.: Financial Overview (2022)
Figure 43 Schneider Electric SE: Financial Overview (2022)
Figure 44 Siemens AG: Financial Overview (2022)
Figure 45 Omron Corporation: Financial Overview (2022)
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