Allied Market Research
Upcoming Allied Market Research
Inverter Systems Market

Inverter Systems Market by Type (Square Wave Inverter and Modifies Sine Wave Inverter) and Application (Residential, Industrial, and Commercial): Global Market Trends and Opportunities, 2021–2030

Pages: NA
Jul 2022 | 282 Views
Author(s) : NA
Tables: NA
Charts: NA
  • Formats*:

  • SIngle User License, Five User
    License & Enterprise User License

  • Data Pack Excel License

  • It comes with the additional cost
    of $2500.00 contact sales.



Pandemic disrupted the entire world and affected many industries.

Get detailed COVID-19 impact analysis on the Inverter Systems Market

Request Now !

A power inverter, often known as an inverter, is a piece of electronic equipment that converts direct current (DC) to alternating current (AC). The design of the specific device or circuitry determines the input voltage, output voltage and frequency, and overall power handling. The inverter does not generate any electricity; instead, the DC source provides it. Depending on the circuit architecture, an inverter can create a square wave, modified sine wave, pulsed sine wave, pulse width modulated wave (PWM), or sine wave. Modified sine wave and square wave are the two most used commercialized waveform kinds of inverters.

An inverter is a device that converts DC electricity from batteries or fuel cells to AC electricity. The electricity can be of any voltage; for example, it can power AC equipment meant for mains operation, or it can be rectified to create DC at any voltage. It is also in charge of regulating the speed and torque of electric motors. Most of the items used to conduct work, such as small electronics, transportation, and office appliances contain electric motors. Electricity is required to drive these motors. To minimize wasting energy, it's critical to match the motor's speed to the process at hand. In industries, squandered energy and materials could jeopardize operations, therefore inverters are utilized to control electric motors, increasing output while reducing energy consumption. 

Market Scope and Structure Analysis

Report Metric


Market Size Available for Years


  Base Year Considered


  Forecast Period


  Forecast Unit

  Value (USD)

  Segments Covered

  Type, Application, Region


COVID-19 Impact Analysis

  • The COVID-19 pandemic had a negative impact on the market growth of inverter system and caused a decline in the demand for inverter. 
  • The supply chain was interrupted and the raw material availability was hindered due to the restriction in movement of raw material across boundaries. This had a negative impact on the inverter system market.
  • The energy demands reduced from the industries and commercial area as all production activities stopped to prevent the gathering of people, which decreased the demand for inverter system from these sectors.
  • The economic activities in the countries were stopped and no new investment or development were done during this period. This stagnated the market growth for inverter systems.
  • The operation activity in the inverter system manufacturing industries were all stopped, keeping in mind the lockdown restriction and the industries started the capacity of the plants could not run at the optimum utilization. 
  • The inverter system market is now increasing after the lockdown has been uplifted and is expected to a gain large amount of the market share. 

Top Impacting Factor

  • Increase in investments in industrial automation solutions, increased emphasis on regulations that demand operational and workforce safety, expansion of power generation capacity of plants, electrification of the transportation sector, and reduction in the production and operational costs of power plants due to advancements in technology in emerging economies drive the market for inverter system. However, the high cost that are associated with the inverter system and the availability of cheaper material for the production will cause a restrain to the market to grow.  Micro inverters are gaining popularity due to a variety of advantages they provide. For example, they allow for individual monitoring and tuning of each solar panel in order to maximize electricity generation. This enables end users to improve the performance of their solar systems by providing panel-level Maximum power point tracking (MPPT). Micro inverters are more reliable and have a simpler design than other types of inverters. The growth of the inverter system market would be aided by the increased deployment of micro inverters.

Market Trends

  • Many firms are facing new hurdles as they race to bring electric propulsion in the market, not least in the quick prototyping of inverters for new motor control applications.  Manufacturers must choose between proven but inflexible "off the shelf" solutions from established providers or fully flexible development methods that necessitate substantial input and knowledge before producing a functional end-product.
  • Toshiba Mitsubishi-Electric Industrial Systems Corporation (hereafter "TMEIC"; President & CEO Masahiko Yamawaki) created a new universal design inverter for both solar and energy storage systems (ESS). In May 2019, sales of the new modular-type inverter with great variability began for the global market. 
  • TMEIC has achieved the world's highest conversion efficiency of 99.1 percent*1 with the new inverter for solar power generating systems/ESS, while expanding the maximum capacity for a single unit from the usual 3.2MW to the world-class 5.5MW. 
  • On 16th May 2019, ABB introduced the next-generation central inverter, which includes unique cooling capabilities. The PVS980-58 central inverter, which is a finalist for the Intersolar Award 2019, has a 1500V output and high-power capabilities. For EPCs, developers, and end users, it allows one of the greatest DC/AC ratios up to 2.0, with power outputs up to 5,000kVA at 690VAC. This advanced inverter can also be offered as an integrated solution with all key components from the ABB portfolio, such as a plug and play compact skid PVS980-CS or a pad mounted solution, PVS980-MVP. With the PVS980-MVP, the new solution includes all electrical equipment needed to connect the solar plant to any medium-voltage (MV) grid globally, quickly and easily.

Key Benefits of Report

  • This study presents the analytical depiction of the inverter systems market along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the inverter systems market share.
  • The current market is quantitatively analyzed from 2020 to 2028 to highlight the inverter systems market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
  • The report provides a detailed inverter systems market analysis based on competitive intensity and how the competition will take shape in the coming years.

Key Market Segments

Segments Sub-segments
By Type
  • Square Wave Inverter
  • Modifies Sine Wave Inverter
By Application
  • Residential
  • Industrial
  • Commercial

Key Market Players

  • ABB
  • Bonfiglioli
  • GE
  • Schneider Electric
  • SMA Solar Technology
  • Mitsubishi Electric
  • Danfoss
  • Alstom
  • Siemens
  • Delta Electronics
With collective industry experience of about 200 years of its analysts and experts, Allied Market Research (AMR) encompasses most infallible research methodology for its market intelligence and industry analysis. We do not only engrave the deepest levels of markets but also sneak through its slimmest details for the purpose of our market estimates and forecasts. Our approach helps in building greater market consensus view for size, shape and industry trends within each industry segment. We carefully factor in industry trends and real developments for identifying key growth factors and future course of the market. Our research proceeds are the resultant of high quality data, expert views and analysis and high value independent opinions. Our research process is designed to deliver balanced view of the global markets and allow stakeholders to make informed decisions.

We offer our clients exhaustive research and analysis based on wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics and regional intelligence. Our in-house industry experts play instrumental role in designing analytic tools and models, tailored to the requirements of particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of our recommendations and advice. With AMR’s calibrated research process and 360` degree data-evaluation methodology, our clients are assured of receiving:

  • Consistent, valuable, robust and actionable data & analysis that can easily be referenced for strategic business planning
  • Technologically sophisticated and reliable insights through well audited and veracious research methodology
  • Sovereign research proceeds that present a tangible depiction of marketplace

With a strong methodology we are, therefore, confident that our research and analysis are most reliable and guarantees sound business planning.

Secondary research
We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry

  • Patent and regulatory databases for understanding of technical & legal developments
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic new articles, web-casts and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators and relevant press releases for market estimates and forecast

Primary research
Our primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks and face-to-face interactions. We are also in professional corporate relations with various companies that allow us greater flexibility for reaching out industry participants and commentators for interviews and discussions, fulfilling following functions:

  • Validates and improves the data quality and strengthens research proceeds
  • Further develops analyst team’s market understanding and expertise
  • Supplies authentic information about market size, share, growth and forecasts

Our primary research interview and discussion panels are typically composed of most experienced industry members. These participants include; however, not limited to:

  • Chief executives and VPs of leading corporations specific to industry
  • Product and sales managers or country heads; channel partners and top level distributors; banking, investments and valuation experts Key opinion leaders (KOLs)

Analyst tools and models
AMR has developed set of analyst tools and data models to supplement and expedite the analysis process. Corresponding to markets, where there is significant lack of information and estimates, AMR’s team of experts and analyst develop specific analyst tools and industry models to translate qualitative and quantitative industry indicators into exact industry estimates. These models also allow analysts to examine the prospects and opportunities prevailing in the market to accurately forecast the course of the market.

Start reading ,This Report and over 13000+ thousand more Reports, Available with Avenue Library, T&C*

Call or Email us

Toll-free :
Int'l : +1-503-894-6022
Europe : + 44-845-528-1300
Email :
Allied Market Research Allied Market Research Allied Market Research

Access from any device, anywhere

Clients can easily download both quantitative as well as
qualitative reports in PDF and excel formats.










Purchase Full Report of
Inverter Systems Market

Start reading.
This Report and over 13,000+ thousand more Reports, Available with Avenue Library. T&C*.

  • Online Only
  • $3,456
  • Online cloud access only
  • Restricted print, copy, paste & download
  • Read only
  •   Free quarterly industry update
  •   Free report update (Within 180 days)
  •   Subscription model sign in
  • Data Pack
  • $3,840
  • Restricted to one authorized user
  • One print only
  • Available in
  •   Free quarterly industry update
  •   Free report update (Within 180 days)
  •   Subscription model sign in
  • Single User
  • $5,769
  • Restricted to one authorized user
  • One print only
  • Available in Excel & PDF
  •   Free quarterly industry update
  •   Free report update (Within 180 days)
  •   Subscription model sign in
  • Five Users
  • $6,450
  • Limited to five authorized users
  • Print upto five copies
  • Available in Excel & PDF
  •   Free quarterly industry update
  •   Free report update (Within 180 days)
  •   Subscription model sign in
  • Enterprise

  • $9,995
  • Unlimited
  • Available in Excel & PDF
  •   Free quarterly industry update
  •   Free report update (Within 180 days)
  •   Subscription model sign in
  • Library Membership
  • $ 699/mo
  • Published Content
  • Company Profiles
  • Newly Added Content Access
  • 10 PDF
  • 5 Excel Data
    Pack Downloads
  • 250 Company Profiles PDF Downloads
  • Buy Now

*Taxes/Fees, if applicable will be added during checkout. All prices in USD


Why Allied Market Research?


Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction


On-demand customization of scope of the report to exactly meet your needs


Targeted market view to provide pertinent information and save time of readers


Featured Reports


Erythropoietin Drugs Market

Global Opportunity Analysis and Industry Forecast, 2021–2028

Published in May 2021

Download Sample

Protein Therapeutics Market

Global Opportunity Analysis and Industry Forecast, 2021–2030

Published in Feb 2022

Download Sample

Surgical Equipment Market

Global Opportunity Analysis and Industry Forecast, 2020-2027

Published in Jan 2021

Download Sample

Medical Implant Market

Global Opportunity Analysis and Industry Forecast, 2020–2027

Published in Nov 2020

Download Sample

Featured Readings


Get fresh content delivered

Get insights on topics that are crucial for your business. Stay abreast of your interest areas.

Get Industry Data Alerts

Why Allied Market Research?


Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction


On-demand customization of scope of the report to exactly meet your needs


Targeted market view to provide pertinent information and save time of readers