The Market research collection of Report Ocean now includes the newly added report titled “Inverter Market” Size, Scope, and Forecast 2023-2031.” Esteemed industry experts and researchers have provided an authoritative and succinct analysis of the market, covering crucial aspects such as growth factors, challenges, restraints, developments, and growth opportunities. This report offers a precise examination of the evolving dynamics and emerging trends in the market. Moreover, it presents a forward-looking outlook on the factors expected to drive the growth of Inverter Market in the forthcoming years.
Inverters convert DC (direct current) electricity generated by wind turbines or photovoltaic modules and stored in batteries into 230V 50Hz AC (alternating current) power required to run conventional appliances and for connection to the grid. According to Report Ocean, the global inverter market is projected to reach USD 15,233 million, recording a CAGR of approximately 5.8 percent from 2022 to 2028.
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A release on June 8th, 2022, by the Bureau and Economic Analysis and U.S. The Census Bureau reports the recovery of the U.S. market. The report also described the recovery of U.S. International Trade in July 2022.In April 2022, exports in the country reached $300 billion, an increase of $13.4 billion. In April 2022, imports amounted to $294.5 billion, increasing by $17.4 billion. COVID-19 is still a significant issue for economies around the globe, as evidenced by the year-over-year decline in exports in the U.S. between April 2020 and April 2022 and the increase in imports over that same period of time. The market is clearly trying to recover. Despite this, it means there will be a direct impact on industries. resulting in a large market for Inverter Market.
The report provides in-depth analysis and insights regarding the current global market scenario, latest trends and drivers into global inverter market. It offers an exclusive insight into various details such as market size, key trends, competitive landscape, growth rate and market segments. This study also provides an analysis of the impact of the COVID-19 crisis on the inverter industry.
This industry report offers market estimates and forecasts of the global market, followed by a detailed analysis of the product, grid connectivity, and region. The global market for inverter can be segmented by product: battery Inverters, PV inverters, wind inverters, others. Globally, the PV inverters segment made up the largest share of the inverter market. Inverter market is further segmented by grid connectivity: on-grid, off-grid. Based on region, the inverter market is segmented into: North America, Asia Pacific, Europe, Rest of the World (ROW).
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By product:
battery Inverters
PV inverters
wind inverters
others
By grid connectivity:
on-grid
off-grid
By region:
North America
Asia Pacific
Europe
Rest of the World (ROW)
The global inverter market report offers detailed information on several market vendors, including Enphase Energy, Inc., Fimer Spa, Fronius International GmbH, Ginlong Technologies Co., Ltd., Huawei Technologies Co., Ltd., Ingeteam Power Technology S.A., Jiangsu GoodWe Power Supply Technology Co., Ltd., Kehua Hengsheng Co., Ltd., Power Electronics S.L., Shenzhen Growatt New Energy Technology Co., Ltd., Shenzhen KSTAR Science and Technology Co., Ltd., Sineng Electric Co., Ltd., SMA Solar Technology AG, SolarEdge Technologies, Inc., Sungrow Power Supply Co., Ltd., Toshiba Mitsubishi-Electric Industrial Systems Corporation (TMEIC), among others.
Scope of the Report
To analyze and forecast the market size of the global inverter market.
To classify and forecast the global inverter market based on product, grid connectivity, region.
To identify drivers and challenges for the global inverter market.
To examine competitive developments such as mergers & acquisitions, agreements, collaborations and partnerships, etc., in the global inverter market.
To identify and analyze the profile of leading players operating in the global inverter market.
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Why Choose This Report
Gain a reliable outlook of the global inverter market forecasts from 2022 to 2028 across scenarios.
Identify growth segments for investment.
Stay ahead of competitors through company profiles and market data.
The market estimate for ease of analysis across scenarios in Excel format.
Strategy consulting and research support for three months.
Print authentication provided for the single-user license.
Research Methodology:
Research Objectives: This section provides an overview of the primary objectives of the research study, including the research questions and hypotheses that will be addressed.
Research Design: The subsequent section presents a comprehensive outline of the research design, including the chosen approach for the study (quantitative, qualitative, or mixed-methods), the methodologies employed for data collection (surveys, interviews, focus groups), and the sampling strategy utilized (random sampling, stratified sampling).
Data Collection: This section involves the collection of information from both primary and secondary sources. Primary sources encompassed the use of survey questionnaires and interview guides, while secondary sources included existing data from reputable publications and databases. The data collection procedures involved meticulous steps such as data cleaning, coding, and entry to ensure the accuracy and reliability of the collected data.
Data Analysis: Various methods were utilized to analyze the data, including statistical tests, qualitative coding, and content analysis.
Limitations: The study’s limitations encompass potential biases, errors in data sources, and overall constraints related to the data used in the research.
The report highlights the following key facts about the market:
- Compound Annual Growth Rate (CAGR) projected for the entire anticipated time range.
- Detailed insights into the factors that will drive market growth from 2023 to 2031.
- Accurate estimation of the market’s size and market share, with a particular focus on the parent market.
- Precise predictions of upcoming trends and changes in consumer behavior.
- Analysis of industry growth in North America, APAC, Europe, South America, the Middle East, and Africa.
- Comprehensive examination of the market’s competitive landscape, along with detailed data on vendors.
- Thorough analysis of the challenges faced by market suppliers in expanding their operations.
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