Global and China Power Inverter Dynamic Monitoring and Future Investment Report 2023
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The report aims at estimating the market size and future growth potential of Power Inverter market across different segments such as type, application and geography. The base year considered for the study is 2022, and the market size is forecast from 2023 to 2029.
The global Power Inverter market size in 2022 is 73500.0 million US dollars, and it is expected to be XX million US dollars by 2029, with a compound annual growth rate of 5.00% expected in 2023-2029.
MARKET COMPETITIVE LANDSCAPE:
The main players in the Power Inverter market include SMA Solar Technology AG, Omron Corporation, ABB Ltd, Tabuchi Electric Co. Ltd, and Toshiba Mitsubishi-Electric Industrial Systems Corporation (TMEIC). The share of the top 3 players in the Power Inverter market is XX%.
REGION SHARE:
The report covers the market size information of North America, Europe, Asia Pacific, Latin America, Middle East and Africa, and North America accounted for XX%, Europe accounted for XX% of Power Inverter market, and Asia Pacific accounted for XX%.
SEGMENT OVERVIEW:
The report segments the market by Type and Application. <5KW accounted for XX% of Power Inverter market in 2022. 5KW to 95KW share of XX%.
Motor Drives accounted for XX% of the Power Inverter market in 2022. Uninterruptible Power Supply (UPS) accounts for XX%.
The research methodology used to estimate and forecast the Power Inverter market begins by capturing data on key market player revenues through secondary research. The bottom-up procedure has been employed to arrive at the overall market size, by considering the revenue of key players in the market. After arriving at the overall market size, the total market has been split into several segments and sub-segments, which has been verified through primary research by conducting extensive interviews with key people such as industry experts, executives. This data triangulation and market breakdown procedures have been employed to complete the overall market engineering process and arrive at the exact statistics for segments and sub-segments.
This report provides the integrated ecosystem of the Power Inverter market which offers holistic view of current demand and vendor side market. The research study answers several significant questions, primarily which market segments to focus on in next two to five years to prioritize factors such as resource effort, and investment.
Key Target audience:
Power Inverter Manufacturers and Suppliers
Research and Development (R&D) Companies
Business Research and Consulting Service Providers
Research Organizations
Academic Centers and Universities Associations and Industrial Bodies
Technology Investors
Multiple factors are driving the energy and power industry's ongoing shift toward cleaner, more sustainable energy, greater energy efficiency, and the integration of advanced technologies.
Renewable Energy Growth: The adoption and expansion of renewable energy sources, such as solar, wind, and hydroelectric power, have continued to accelerate. Governments, businesses, and individuals are increasingly investing in renewable energy projects to reduce carbon emissions and combat climate change.
Smart Grids and Energy Management: The development of smart grids, powered by advanced sensors, communication networks, and data analytics, is transforming the power sector. Smart grids enable real-time monitoring, efficient energy distribution, demand response programs, and better integration of distributed energy resources like rooftop solar panels.
Transition to a Low-carbon Economy: Governments worldwide are implementing policies and regulations to support the transition to a low-carbon economy. This includes carbon pricing mechanisms, renewable energy mandates, and commitments to achieve net-zero emissions. The focus on sustainability and decarbonization is reshaping the energy and power industry.
Key Regions Covered in This Report Are
North America
United States
Canada
China
Asia Pacific (Excluding China)
Japan
Korea
Southeast Asia
India
Australia
EMEA
Europe
Germany
France
UK
Italy
Russia
Nordic
Middle East
Africa
Latin America
Brazil
Argentina
Mexico
Some of the major players operating in the global market include:
SMA Solar Technology AG
Omron Corporation
ABB Ltd
Tabuchi Electric Co. Ltd
Toshiba Mitsubishi-Electric Industrial Systems Corporation (TMEIC)
Advanced Energy Industries Inc.
Enphase Energy Inc.
Schneider Electric SE
Huawei Technologies Co. Ltd.
SolarEdge Technologies Inc.
Segment by Type
<5KW
5KW to 95KW
100KW to 495KW
Above 500KW
Segment by Application
Motor Drives
Uninterruptible Power Supply (UPS)
Rail Traction
Wind Turbines
Electric Vehicles/Hybrid Electric Vehicles
Solar PVs
Others
Table of Content
1 Power Inverter Market Introduction and Overview
1.1 Power Inverter Definition
1.2 Research Purposes
1.3 Currency Rate
1.4 Report Timeline
1.5 Economic Analysis of Global Regions
1.6 Inflation Analysis
2 Power Inverter Business Cost Analysis
2.1 Proportion of Manufacturing Cost Structure
2.1.1 Labor Cost
2.1.2 Operating Expenses
2.2 Power Inverter Industrial Chain Analysis
3 Market Competition by Manufacturers
3.1 Global Power Inverter Revenue and Market Share by Manufacturer
3.2 Manufacturers Power Inverter Production Sites, Area Served, Product Types
3.3 Power Inverter Market Competitive Situation and Trends
3.3.1 Power Inverter Market Concentration Rate
3.3.2 Global Top 5 and Top 10 Players Market Share by Revenue in 2023
3.3.3 Mergers & Acquisitions, Expansion
4 Players Profiles
4.1 SMA Solar Technology AG
4.1.1 SMA Solar Technology AG Company Profile
4.1.2 Power Inverter Product Overview
4.1.3 SMA Solar Technology AG Power Inverter Market Performance (2018-2023)
4.1.4 SMA Solar Technology AG Business Overview
4.2 Omron Corporation
4.2.1 Omron Corporation Company Profile
4.2.2 Power Inverter Product Overview
4.2.3 Omron Corporation Power Inverter Market Performance (2018-2023)
4.2.4 Omron Corporation Business Overview
4.3 ABB Ltd
4.3.1 ABB Ltd Company Profile
4.3.2 Power Inverter Product Overview
4.3.3 ABB Ltd Power Inverter Market Performance (2018-2023)
4.3.4 ABB Ltd Business Overview
4.4 Tabuchi Electric Co. Ltd
4.4.1 Tabuchi Electric Co. Ltd Company Profile
4.4.2 Power Inverter Product Overview
4.4.3 Tabuchi Electric Co. Ltd Power Inverter Market Performance (2018-2023)
4.4.4 Tabuchi Electric Co. Ltd Business Overview
4.5 Toshiba Mitsubishi-Electric Industrial Systems Corporation (TMEIC)
4.5.1 Toshiba Mitsubishi-Electric Industrial Systems Corporation (TMEIC) Company Profile
4.5.2 Power Inverter Product Overview
4.5.3 Toshiba Mitsubishi-Electric Industrial Systems Corporation (TMEIC) Power Inverter Market Performance (2018-2023)
4.5.4 Toshiba Mitsubishi-Electric Industrial Systems Corporation (TMEIC) Business Overview
4.6 Advanced Energy Industries Inc.
4.6.1 Advanced Energy Industries Inc. Company Profile
4.6.2 Power Inverter Product Overview
4.6.3 Advanced Energy Industries Inc. Power Inverter Market Performance (2018-2023)
4.6.4 Advanced Energy Industries Inc. Business Overview
4.7 Enphase Energy Inc.
4.7.1 Enphase Energy Inc. Company Profile
4.7.2 Power Inverter Product Overview
4.7.3 Enphase Energy Inc. Power Inverter Market Performance (2018-2023)
4.7.4 Enphase Energy Inc. Business Overview
4.8 Schneider Electric SE
4.8.1 Schneider Electric SE Company Profile
4.8.2 Power Inverter Product Overview
4.8.3 Schneider Electric SE Power Inverter Market Performance (2018-2023)
4.8.4 Schneider Electric SE Business Overview
4.9 Huawei Technologies Co. Ltd.
4.9.1 Huawei Technologies Co. Ltd. Company Profile
4.9.2 Power Inverter Product Overview
4.9.3 Huawei Technologies Co. Ltd. Power Inverter Market Performance (2018-2023)
4.9.4 Huawei Technologies Co. Ltd. Business Overview
4.10 SolarEdge Technologies Inc.
4.10.1 SolarEdge Technologies Inc. Company Profile
4.10.2 Power Inverter Product Overview
4.10.3 SolarEdge Technologies Inc. Power Inverter Market Performance (2018-2023)
4.10.4 SolarEdge Technologies Inc. Business Overview
5 Global Power Inverter Historical and Forecast Market Analysis by Type
5.1 Market Size Analysis by Types
5.2 Global Power Inverter Revenue and Market Share by Type
5.3 Global Power Inverter Revenue Market Forecast by Type (2023-2029)
6 Global Power Inverter Historical and Forecast Market Analysis by Application
6.1 Market Size Analysis by Application
6.2 Global Power Inverter Revenue Market Share by Application (2018-2023)
6.3 Power Inverter Revenue Market Forecast by Application (2023-2029)
7 Global Market Growth Trends Analysis
7.1 Global Power Inverter Market Size & Forecast (2018-2029)
7.2 Power Inverter Growth Trends Analysis by Regions
7.2.1 Power Inverter Market Size by Regions: 2018 VS 2023 VS 2029
7.2.2 Power Inverter Historic Revenue Market Size by Regions (2018-2023)
7.2.3 Power Inverter Forecasted Revenue Market Size by Regions (2023-2029)
7.2.4 North America Power Inverter Market Size & Forecast (2018-2029)
7.2.5 EMEA Power Inverter Market Size & Forecast (2018-2029)
7.2.6 China Power Inverter Market Size & Forecast (2018-2029)
7.2.7 Asia-Pacific (Excluding China) Power Inverter Market Size & Forecast (2018-2029)
7.2.8 Latin America Power Inverter Market Size & Forecast (2018-2029)
8 North America
8.1 North America Power Inverter Revenue by Players
8.2 North America Power Inverter Revenue by Types
8.3 North America Power Inverter Revenue by Applications
8.4 North America Power Inverter Market by Countries
8.4.1 North America Power Inverter Revenue by Countries (2018-2029)
8.5 North America SWOT Analysis
8.6 United States
8.7 Canada
9 China
9.1 China Power Inverter Revenue by Players
9.2 China Power Inverter Revenue by Types
9.3 China Power Inverter Revenue by Applications
9.4 China SWOT Analysis
9.5 China
10 Asia Pacific (Excluding China)
10.1 Asia Pacific Power Inverter Revenue by Players
10.2 Asia Pacific Power Inverter Revenue by Types
10.3 Asia Pacific Power Inverter Revenue by Applications
10.4 Asia Pacific Power Inverter Market by Countries
10.4.1 Asia Pacific Power Inverter Revenue by Countries (2018-2029)
10.5 Asia Pacific SWOT Analysis
10.6 Japan
10.7 Korea
10.8 Southeast Asia
10.9 India
10.10 Australia
11 EMEA
11.1 EMEA Power Inverter Revenue by Players
11.2 EMEA Power Inverter Revenue by Types
11.3 EMEA Power Inverter Revenue by Applications
11.4 EMEA Power Inverter Market by Countries
11.4.1 EMEA Power Inverter Revenue by Countries (2018-2029)
11.5 EMEA SWOT Analysis
11.6 Europe
11.6.1 Europe Power Inverter Revenue by Countries (2018-2029)
11.6.2 Germany
11.6.3 France
11.6.4 UK
11.6.5 Italy
11.6.6 Russia
11.6.7 Nordic
11.7 Middle East
11.8 Africa
12 Latin America
12.1 Latin America Power Inverter Revenue by Players
12.2 Latin America Power Inverter Revenue by Types
12.3 Latin America Power Inverter Revenue by Applications
12.4 Latin America Power Inverter Market by Countries
12.4.1 Latin America Power Inverter Revenue by Countries (2018-2029)
12.5 Latin America SWOT Analysis
12.6 Brazil
12.7 Argentina
12.8 Mexico
13 Power Inverter Industry Dynamic Analysis
13.1 Power Inverter Market Trends Analysis
13.2 Power Inverter Market Drivers Analysis
13.3 Power Inverter Market Challenges Analysis
13.4 Power Inverter Market Restraints Analysis
14 Research Findings and Conclusion
Tables & Figures:
List of Tables and Figures
Figure Power Inverter Picture
Table Product Definition of Power Inverter
Table Economic Analysis of Global Regions
Table Inflation Analysis
Table Labor Cost Analysis
Table Operating Expenses Analysis
Figure Power Inverter Industrial Chain Analysis
Table Global Power Inverter Revenue ($) by Manufacturer (2018-2023)
Table Global Power Inverter Revenue Market Share by Manufacturer (2018-2023)
Figure Global Power Inverter Revenue Market Share by Manufacturer in 2023
Table Manufacturers Power Inverter Production Sites, Area Served, Product Types
Table Power Inverter Market Concentration Rate
Figure Global Top 5 and Top 10 Players Market Share by Revenue in 2023
Table Mergers & Acquisitions, Expansion Plans
Table SMA Solar Technology AG Profile
Table Product Overview
Table SMA Solar Technology AG Power Inverter Revenue, Gross and Gross Margin (2018-2023)
Figure SMA Solar Technology AG Revenue and Growth Rate
Figure SMA Solar Technology AG Revenue Market Share 2017-2022
Table Business Overview
Table Omron Corporation Profile
Table Product Overview
Table Omron Corporation Power Inverter Revenue, Gross and Gross Margin (2018-2023)
Figure Omron Corporation Revenue and Growth Rate
Figure Omron Corporation Revenue Market Share 2017-2022
Table Business Overview
Table ABB Ltd Profile
Table Product Overview
Table ABB Ltd Power Inverter Revenue, Gross and Gross Margin (2018-2023)
Figure ABB Ltd Revenue and Growth Rate
Figure ABB Ltd Revenue Market Share 2017-2022
Table Business Overview
Table Tabuchi Electric Co. Ltd Profile
Table Product Overview
Table Tabuchi Electric Co. Ltd Power Inverter Revenue, Gross and Gross Margin (2018-2023)
Figure Tabuchi Electric Co. Ltd Revenue and Growth Rate
Figure Tabuchi Electric Co. Ltd Revenue Market Share 2017-2022
Table Business Overview
Table Toshiba Mitsubishi-Electric Industrial Systems Corporation (TMEIC) Profile
Table Product Overview
Table Toshiba Mitsubishi-Electric Industrial Systems Corporation (TMEIC) Power Inverter Revenue, Gross and Gross Margin (2018-2023)
Figure Toshiba Mitsubishi-Electric Industrial Systems Corporation (TMEIC) Revenue and Growth Rate
Figure Toshiba Mitsubishi-Electric Industrial Systems Corporation (TMEIC) Revenue Market Share 2017-2022
Table Business Overview
Table Advanced Energy Industries Inc. Profile
Table Product Overview
Table Advanced Energy Industries Inc. Power Inverter Revenue, Gross and Gross Margin (2018-2023)
Figure Advanced Energy Industries Inc. Revenue and Growth Rate
Figure Advanced Energy Industries Inc. Revenue Market Share 2017-2022
Table Business Overview
Table Enphase Energy Inc. Profile
Table Product Overview
Table Enphase Energy Inc. Power Inverter Revenue, Gross and Gross Margin (2018-2023)
Figure Enphase Energy Inc. Revenue and Growth Rate
Figure Enphase Energy Inc. Revenue Market Share 2017-2022
Table Business Overview
Table Schneider Electric SE Profile
Table Product Overview
Table Schneider Electric SE Power Inverter Revenue, Gross and Gross Margin (2018-2023)
Figure Schneider Electric SE Revenue and Growth Rate
Figure Schneider Electric SE Revenue Market Share 2017-2022
Table Business Overview
Table Huawei Technologies Co. Ltd. Profile
Table Product Overview
Table Huawei Technologies Co. Ltd. Power Inverter Revenue, Gross and Gross Margin (2018-2023)
Figure Huawei Technologies Co. Ltd. Revenue and Growth Rate
Figure Huawei Technologies Co. Ltd. Revenue Market Share 2017-2022
Table Business Overview
Table SolarEdge Technologies Inc. Profile
Table Product Overview
Table SolarEdge Technologies Inc. Power Inverter Revenue, Gross and Gross Margin (2018-2023)
Figure SolarEdge Technologies Inc. Revenue and Growth Rate
Figure SolarEdge Technologies Inc. Revenue Market Share 2017-2022
Table Business Overview
Table Global Power Inverter Market Size by Type (2023 VS 2029)
Table Global Power Inverter Revenue and Market Size by Type (2018-2023)
Table Global Power Inverter Revenue and Market Share by Type (2018-2023)
Table Global Power Inverter Revenue Market Size Forecast by Type (2023-2029)
Table Global Power Inverter Revenue Market Share Forecast by Type (2023-2029)
Table Global Power Inverter Market Size by Application (2023 VS 2029)
Table Global Power Inverter Revenue Market Size by Application (2018-2023)
Table Global Power Inverter Revenue Market Share by Application (2018-2023)
Table Global Power Inverter Revenue Market Size by Application (2023-2029)
Table Global Power Inverter Revenue Market Share by Application (2023-2029)
Figure Global Power Inverter Revenue Market Size & Forecast (2018-2029)
Table Power Inverter Market Size by Regions: 2018 VS 2023 VS 2029
Table Power Inverter Historic Revenue Market Size by Regions (2018-2023)
Table Power Inverter Historic Revenue Market Share by Regions (2018-2023)
Table Power Inverter Forecasted Revenue Market Size by Regions (2023-2029)
Table Power Inverter Forecasted Revenue Market Share by Regions (2023-2029)
Figure North America Power Inverter Market Size & Forecast (2018-2029)
Figure EMEA Power Inverter Market Size & Forecast (2018-2029)
Figure China Power Inverter Market Size & Forecast (2018-2029)
Figure Asia-Pacific (Excluding China) Power Inverter Market Size & Forecast (2018-2029)
Figure Latin America Power Inverter Market Size & Forecast (2018-2029)
Table North America Power Inverter Revenue Share by Players 2022
Table North America Power Inverter Revenue by Types (2018-2023)
Table North America Power Inverter Revenue Market Share by Types (2018-2023)
Table North America Power Inverter Revenue by Applications (2018-2023)
Table North America Power Inverter Revenue Market Share by Applications (2018-2023)
Table North America Power Inverter Revenue by Countries (2018-2029)
Table North America Power Inverter Revenue Market Share by Countries (2018-2029)
Table North America SWOT Analysis
Figure United States Power Inverter Revenue and Growth (2018-2029)
Figure Canada Power Inverter Revenue and Growth (2018-2029)
Table China Power Inverter Revenue Share by Players 2022
Table China Power Inverter Revenue by Types (2018-2023)
Table China Power Inverter Revenue Market Share by Types (2018-2023)
Table China Power Inverter Revenue by Applications (2018-2023)
Table China Power Inverter Revenue Market Share by Applications (2018-2023)
Table China SWOT Analysis
Figure China Power Inverter Revenue and Growth (2018-2029)
Table Asia Pacific Power Inverter Revenue Share by Players 2022
Table Asia Pacific Power Inverter Revenue by Types (2018-2023)
Table Asia Pacific Power Inverter Revenue Market Share by Types (2018-2023)
Table Asia Pacific Power Inverter Revenue by Applications (2018-2023)
Table Asia Pacific Power Inverter Revenue Market Share by Applications (2018-2023)
Table Asia-Pacific Power Inverter Revenue by Countries (2018-2029)
Table Asia-Pacific Power Inverter Revenue Market Share by Countries (2018-2029)
Table Asia Pacific SWOT Analysis
Figure Japan Power Inverter Revenue and Growth (2018-2029)
Figure Korea Power Inverter Revenue and Growth (2018-2029)
Figure Southeast Asia Power Inverter Revenue and Growth (2018-2029)
Figure India Power Inverter Revenue and Growth (2018-2029)
Figure Australia Power Inverter Revenue and Growth (2018-2029)
Table EMEA Power Inverter Revenue Share by Players 2022
Table EMEA Power Inverter Revenue by Types (2018-2023)
Table EMEA Power Inverter Revenue Market Share by Types (2018-2023)
Table EMEA Power Inverter Revenue by Applications (2018-2023)
Table EMEA Power Inverter Revenue Market Share by Applications (2018-2023)
Table EMEA Power Inverter Revenue by Countries (2018-2029)
Table EMEA Power Inverter Revenue Market Share by Countries (2018-2029)
Table EMEA SWOT Analysis
Figure Europe Power Inverter Revenue and Growth (2018-2029)
Table Europe Power Inverter Revenue by Countries (2018-2029)
Table Europe Power Inverter Revenue Market Share by Countries (2018-2029)
Figure Germany Power Inverter Revenue and Growth (2018-2029)
Figure France Power Inverter Revenue and Growth (2018-2029)
Figure UK Power Inverter Revenue and Growth (2018-2029)
Figure Italy Power Inverter Revenue and Growth (2018-2029)
Figure Russia Power Inverter Revenue and Growth (2018-2029)
Figure Nordic Power Inverter Revenue and Growth (2018-2029)
Figure Middle East Power Inverter Revenue and Growth (2018-2029)
Figure Africa Power Inverter Revenue and Growth (2018-2029)
Table Latin America Power Inverter Revenue Share by Players 2022
Table Latin America Power Inverter Revenue by Types (2018-2023)
Table Latin America Power Inverter Revenue Market Share by Types (2018-2023)
Table Latin America Power Inverter Revenue by Applications (2018-2023)
Table Latin America Power Inverter Revenue Market Share by Applications (2018-2023)
Table Latin America Power Inverter Revenue by Countries (2018-2029)
Table Latin America Power Inverter Revenue Market Share by Countries (2018-2029)
Table Latin America SWOT Analysis
Figure Brazil Power Inverter Revenue and Growth (2018-2029)
Figure Argentina Power Inverter Revenue and Growth (2018-2029)
Figure Mexico Power Inverter Revenue and Growth (2018-2029)
Table Market Trends Analysis
Table Market Drivers Analysis
Table Market Challenges Analysis
Table Market Restraints Analysis
Research Methodology:
Global and China Power Inverter Dynamic Monitoring and Future Investment Market Size Estimation
To estimate market size and trends, we use a combination of top-down and bottom-up methods. This allows us to evaluate the market from various perspectives—by company, region, product type, and end users.
Our estimates are based on actual sales data, excluding any discounts. Segment breakdowns and market shares are calculated using weighted averages based on usage rates and average prices. Regional insights are determined by how widely a product or service is adopted in each area.
Key companies are identified through secondary sources like industry reports and company filings. We then verify revenue estimates and other key data points through primary research, including interviews with industry experts, company executives, and decision-makers.
We take into account all relevant factors that could influence the market and validate our findings with real-world input. Our final insights combine both qualitative and quantitative data to provide a well-rounded view. Please note, these estimates do not account for unexpected changes such as inflation, economic downturns, or policy shifts.
Data Source
Secondary Sources
This study draws on a wide range of secondary sources, including press releases, annual reports, non-profit organizations, industry associations, government agencies, and customs data. We also referred to reputable databases and directories such as Bloomberg, Wind Info, Hoovers, Factiva, Trading Economics, Statista, and others. Additional references include investor presentations, company filings (e.g., SEC), economic data, and documents from regulatory and industry bodies.
These sources were used to gather technical and market-focused insights, identify key players, analyze market segmentation and classification, and track major trends and developments across industries.
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Primary Sources
As part of our primary research, we interviewed a variety of stakeholders from both the supply and demand sides to gather valuable qualitative and quantitative insights.
On the supply side, we spoke with product manufacturers, competitors, industry experts, research institutions, distributors, traders, and raw material suppliers. On the demand side, we engaged with business leaders, marketing and sales heads, technology and innovation directors, supply chain executives, and end users across key organizations.
These conversations helped us better understand market segmentation, pricing, applications, leading players, supply chains, demand trends, industry outlook, and key market dynamics—including risks, opportunities, barriers, and strategic developments.
Key Data Information from Primary Sources
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