Inverter Market size was valued at US$ 17.10 Bn in 2022 and the total revenue is expected to grow at 15.6 % through 2022 to 2029, reaching nearly US$ 47.17 Bn.
Inverter Market Overview:
The purpose of this study is to provide a thorough examination of the Inverter market by component, application, industry, and geography. The study goes into great detail on the primary factors influencing the Inverter market’s growth. The study also offers a comprehensive analysis of the market’s value chain.
Market Scope:
The research method used to assess and anticipate the Inverter market begins with secondary research using sources that collect revenue data from key suppliers. When calculating market segmentation, the vendor offerings are also considered. Using the bottom-up method, the whole size of the Inverter market was calculated using the revenue of significant enterprises.
Segmentation:
By Type
Solar and non-solar inverters are the two categories into which the worldwide inverter market is divided. In 2020, the solar inverters market share was , which was the highest. Micro inverters, which are installed underneath every solar panel in a solar array, are plug-and-play compressed solar inverter systems. These inverters are used to convert the DC electricity generated by solar panels into AC at the level of each panel and then transmit it for further usage directly or possibly to a grid.
By Sales Channel
Direct and indirect sales channels are used to segment the worldwide inverter market. In 2022, the indirect sales channel segment had the greatest market share (34.2%), and it is anticipated that it will continue to hold the top spot throughout the projected period. Many end users are offered the inverter solutions by the inverter manufacturers through indirect sales channels. With superior sales networks and a global product offering, many of the market’s leading players. Residential, commercial, and industrial end users as well as PV plants purchase solar inverters.
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Key Players:
The major players covered in the Inverter market report are
1. Huawei Technologies
2. Sungrow Power Supply
3. SMA Solar Technology
4. Power Electronic
5. ABB
6. Sineng
7. Goodwe
8. Solar Edge Technologies
9. Ingeteam
10. TBEA Sunoasis
11. OMRON Corporation
12. Tabuchi Electric Co., Ltd
13. FIMER
14. KSTAR
15. Ginlong Solis
16. Enphase
17. Chint Power Systems
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Regional Analysis:
Global, North America, Europe, Asia-Pacific, the Middle East, and Africa, and South America market share statistics are accessible individually. Analysts at Maximize evaluate competitive strengths and conduct competitive analysis for each competitor individually.
COVID-19 Impact Analysis on Inverter Market:
Aerospace and defence, agriculture, automobiles, retail and e-commerce, energy and power, healthcare, packaging, mining, electronics, banking, financial services, and insurance, among other industries, have all been affected by the COVID-19 epidemic. COVID-19 has had an impact on the Inverter market in general, as well as the growth rate in 2019-2020, as the impact of COVID-19 spreads. Our most recent inquiry, opinions, and bits of knowledge on administration are critical to the businesses and associations in the Inverter industry, which is driving through the COVID-19 emergency to handle risk digitising jobs in order to convey trusted data and experiences to the CEOs.
Key Questions Answered in the Inverter Market Report are:
- Which segment grabbed the largest share in the Inverter market?
- How was the competitive scenario of the Inverter market in 2020?
- Which are the key factors responsible for the Inverter market growth?
- Which region held the maximum share in the Inverter market in 2020?
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