A12078 | Pages: NA | Jul 2022 | 1094 Views | | |
Author(s) : Eswara Prasad | Tables: NA | Charts: NA |
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Power Inverter Market
Request Now !Introduction
An electric circuit which converts Direct current (DC) to Alternating current (AC) is known as a power inverter. The frequency, power, input and output depend on the design of the electric circuit. As compared to generator, the power inverter is low-cost operator and is convenient for usage of change-over switches. Because of these characteristics, power inverters are used in many tools, electrical products and many household appliances. As per the need of consumer the power inverters are of many types, sizes and power ranges, some of these also includes plug-in-grid tie power inverter, sine wave power inverters and solar power invertors. Power inverters are used in residential, commercial and industrial usage. The application of power inverter is motor drive, rail traction, wind turbines, electric vehicle, solar PVs etc.
Market Scope and Structure Analysis
Report Metric | Details |
Market Size Available for Years | 2020–2030 |
Base Year Considered | 2020 |
Forecast Period | 2021–2030 |
Forecast Unit | Value (USD) |
Segments Covered | Type, Application, End-User and Region |
Regions Covered | Europe, North America, Asia-Pacific, LAMEA. |
Companies Covered | 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. |
COVID-19 Impact analysis
Top Impacting Factors
To run many gadgets such as laptops, refrigerators, air conditioners and television, the demand for uninterrupted power supply is increasing, this will boost the growth of power inverter market. Also, in schools, corporate offices and commercial places the demand for uninterrupted power supply is increasing with the increase in the demand for power inverter as an alternate backup solution. Also, they are environmentally friendly and are noise free. They do not emit carbon emission and do not require gasoline, which is required by the generators. The cost of the power inverter is very high and it has a short lifespan. These factors can restrain the growth of power inverter. The inverters are not of continuous use if it has a battery deterioration are high. This is the challenges of power inverter market.
Market Trends
Key Segments Covered
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Region | • Asia-Pacific o China o India o Japan o South Korea o Rest of Asia-Pacific • North America o United States o Canada o Mexico • Europe o Germany o United Kingdom o France o Italy o Rest of Europe • South America o Brazil o Argentina o Rest of South America • Middle-East and Africa o Saudi Arabia o South Africa o Rest of Middle-East and Africa |
Key Benefits of the Report
Key Market Segments
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