The Business Research Company has updated its global market reports with latest data for 2024 and projections up to 2033.
The Inverter Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
Learn More On The Inverter Market:
https://www.thebusinessresearchcompany.com/report/inverter-global-market-report
According to The Business Research Company’s Inverter Global Market Report 2024, The inverter market size has grown rapidly in recent years. It will grow from $17.32 billion in 2023 to $20.43 billion in 2024 at a compound annual growth rate (CAGR) of 17.9%. The growth in the historic period can be attributed to increasing adoption of renewable energy sources, government incentives, rising energy consumption, consumer electronics boom, automotive electrification.The inverter market size is expected to see rapid growth in the next few years. It will grow to $38.12 billion in 2028 at a compound annual growth rate (CAGR) of 16.9%.
The growing emphasis on renewable energy is expected to drive the expansion of the inverter market in the future. Renewable energy sources, which are replenished naturally over time, play a vital role in sustainable energy generation. Inverters are crucial for integrating renewable energy systems into existing electrical grids, facilitating the efficient conversion and distribution of clean energy produced from sources like solar and wind. For example, according to data from gov.uk, renewable energy accounted for 44.5% of electricity generation in the UK during the third quarter of 2023, marking an 8.2% increase compared to the same period in the previous year. Consequently, the heightened focus on renewable energy is fueling the demand for inverters.
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The inverter market covered in this report is segmented –
1) By Inverter Type: Solar Inverter, Vehicle Inverter, Other Types
2) By Connection Type: On-Grid, Off-Grid
3) By Phase: Single Phase, Three Phase
4) By Sales Channel: Direct, Indirect
5) By End-User: Residential, Industrial, Commercial
Top Major Players
Mitsubishi Electric Corporation,
Huawei Technologies Co. Ltd.,
General Electric Company,
Schneider Electric SE,
Eaton Corporation
The inverter market report table of contents includes:
1. Executive Summary
- Inverter Market Characteristics
- Inverter Market Trends And Strategies
- Inverter Market – Macro Economic Scenario
- Global Inverter Market Size and Growth
- Inverter Market Segmentation
- Inverter Market Regional And Country Analysis
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- Key Mergers And Acquisitions In The Inverter Market
- Inverter Market Future Outlook and Potential Analysis
- Appendix
List Of Tables :
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Inverter Market, Segmentation By Inverter Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Inverter Market, Segmentation By Connection Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Inverter Market, Segmentation By Phase, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
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Table 76: Mitsubishi Electric Corporation Financial Performance
Table 77: Huawei Technologies Co. Ltd. Financial Performance
Table 78: General Electric Company Financial Performance
Table 79: Schneider Electric SE Financial Performance
Table 80: Eaton Corporation Financial Performance
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