According to the Regional Research Reports, the global power converters and inverters market size is projected to be USD 5.2 billion in 2022 to USD 112.7 billion in 2033, exhibiting a CAGR of 68.2% from 2023 to 2033.
The United States market for the power converters and inverters is projected to increase from US$ million in 2022 to US$ million by 2033, at a CAGR of % from 2023 through 2033.
Europe market for the power converters and inverters is expected to increase from US$ million in 2023 to US$ million by 2033, at a CAGR of % from 2023 through 2033.
China market for power converters and inverters is anticipated to grow from US$ million in 2023 to US$ million by 2033, at a CAGR of % from 2023 through 2033.
Regional Research Reports newest study, the "power converters and inverters Industry Forecast" considers and reviews past sales to estimate the total world power converters and inverters sales in 2022, providing a comprehensive analysis of the market sector and different segments of projected power converters and inverters sales for 2023 through 2033 at a regional and country level. With power converters and inverters sales broken down by regions, country-level market sectors, and sub-sector, this report provides a detailed analysis in a million US$ of the world power converters and inverters industry.
This strategic and opportunistic report comprehensively analyses the global power converters and inverters landscape. It highlights key trends related to product segmentation, company formation, revenue, market share, the latest market and product development, and M&A activities. This report also analyzes the growth strategies of leading global companies focusing on power converters and inverters portfolios and capabilities, market entry strategies, market positions, and geographic footprints to understand better these firms' unique position in an accelerating global power converters and inverters market.
This published study evaluates the key market trends, opportunities, drivers, and impacting factors shaping the global outlook for power converters and inverters business. It breaks down the forecast by type, application, geography, and market size to highlight emerging investment pockets for high revenue growth potential for the companies involved in the supply chain. With a transparent research methodology based on several factors of bottom-up qualitative and quantitative market inputs, this research study forecast offers a highly nuanced view of the global power converters and inverters current state and future trajectory.
This report outlines a comprehensive overview and strategic recommendation to gain on various parameters through detailed information on market shares and growth opportunities of power converters and inverters market based on type, application, end use, key players, and key regions and countries.
Key Market Segments:
The report segments the global market into type, application and, end use.
By Type (Sales, Growth Rate, USD Million, 2018-2033)
- Less than 5 KW
- 5 KW to 100 KW
- 100 KW to 500 KW
- More than 500 KW
By Application (Sales, Growth Rate, USD Million, 2018-2033)
- Motor Drives
- Wind Turbines
- Rail Traction
- Electric Vehicle
- UPS
- Solar PV
- Others
By End Use (Sales, Growth Rate, USD Million, 2018-2033)
- Residential
- Commercial and Industrial
- Utility
Regional Outlook (Sales, Growth Rate, USD Million, 2018-2033)
- North America (the United States, Canada, and Mexico)
- South America (Brazil, Argentina, and Rest of South America)
- Europe (Germany, UK, Italy, France, Spain, and Rest of Europe)
- Asia-Pacific (China, Japan, South Korea, India, Australia & New Zealand, and Rest of Asia Pacific)
- The Middle East and Africa (GCC Countries, Egypt, Saudi Arabia, South Africa, and Rest of MEA)
Major Key Players in the Power Converters and Inverters Market:
The report offers details about these companies, including the product overview, financial and yearly performance, strategic plans & developments, product line, and SWOT analysis. In terms of revenue, the global two largest companies occupied for a share nearly % in 2022. The main players in the global market include –
- SMA Solar Technology ag
- Schneider Electric
- Omron Corporation
- Huawei Technologies Co. Ltd.
- ABB Ltd.
- SolarEdge Technologies
- Enphase Energy, Inc.
- Sungrow Power Supply Co. Ltd
- Toshiba Mitsubishi Electric Industrial Systems Corporation
- Advanced Energy Industries, Inc
(Note: The list of the key market players can be updated with the latest market scenario and trends)
Power Converters and Inverters Market Research Report Scope
Report Attribute | Details |
Base Year of the Analysis | 2022 |
Historical Period | 2018-2033 |
Forecast Period | 2023-2033 |
Study Period | 2018-2033 |
Region Covered | North America, Europe, Asia Pacific, South America, The Middle East and Africa |
Countries Covered | US, China, India, Japan, Germany, the UK, France, Italy, Spain, Canada, Brazil, Mexico, Russia, Switzerland, Saudi Arabia, South Africa, Poland, Belgium, the Netherlands, Norway, Sweden, the Czech Republic, South Korea, Indonesia, Thailand, Malaysia, Vietnam, Singapore, Australia and New Zealand, Argentina, Peru, Colombia, UAE, Egypt, Qatar, Northern Africa, and The Rest of MEA |
Report Coverage | Revenue forecast, company market share, competitive landscape, growth factors, and market trends |
Customization Scope | 20% Free Customization |
Report Price and Purchase Option | Single User License: USD 3150 5-User Enterprise License: USD 4950 Corporate License: USD 7680 |
Customization Scope | Free report customization (equivalent up to 8 analysts' working days) with purchase. Addition or alteration to country, regional and segment scope. |
Post-Sale Analyst Support | 2 Months/60 Days |
Delivery Format | PDF and Excel on mail (We also provide the editable version of the report in Word/PPT format on special request with additional charges) |
