Registering a CAGR of 6.2% over the forecast period of 2020-2027, the global embedded computer market will reach the market value of US$ 4253.1 million in the year 2027 from US$ 3350.7 million in the year 2020.
Power inverters are electric devices that alter direct current (DC) into irregular current (AC). Unlike producers, power inverters offer low operating cost and eliminate the troublesomeness of using change-over switches. Owing to these features, they are used to operate several tools, household requests and other electrical products. Power inverters are obtainable in a variety of sizes, types and power ranges as per the varied consumer needs and favorites. Some of these replacements include adapted sine wave power inverters, plug-in grid tie power inverters, and solar power inverters.Power inverter is defined as an equipment which converts direct current into alternating current electricity, in order to power various electricity driven mechanisms. The design or circuitry of a power inverter affects the input voltage, output voltage and frequency, and overall power handling. Power inverters come in varied sizes such as 1000 watts, 3000 watts, and 5000 watts, among which, 3000 watts inverter is the most common. Modern power inverters come with USB outlets, digital screens, and mobile phone chargers. The major applications of power inverters include residential, commercial, and industrial. In addition to this, factors like no requirement of fuel, lubricants, or moving parts are the key advantages of this product.
March 25, 2021: STANLEY announced that it has been awarded a Popular Mechanics 2021 Tool Award, which spotlight the year’s best tool and storage solutions delivering reliable performance, quality craftsmanship, and a strong value. As a highly respected source in the consumer and trade space, Popular Mechanics tests more than 1,000 tools per year and has recognized the following product as the best of 2021 in their respective category:
Top Key players in the Power Inverter Market have been identified through secondary research, and their market shares have been determined through primary and secondary research. The companies referred in the market research report includes Bestek, NFA, Cobra, Kisae Technology, Rally, Energizer, Duracell, Meind, Stanley, Exeltech, Cotek, Samlex, Power Bright, Go Power, Wagan Tech, Magnum Energy, WEHO, Erayak and others.
Power Inverter Market is segmented based on the type, applications, companies and regions.
By Type, Power Inverter Market has been segmented into
The end user’s industry application on Power Inverter Market is,
Asia Pacific is expected to dominate the growth of Power Inverter Market in 2021. The major driving factors for the market are presence of emerging economies, availability of large base of population in the region. Ultimately, providing an opportunity for market. Additionally, increasing government initiatives regarding green energy and motivating people for adoption of EVs is further propelling to market growth.
Report Attributes | Report Details |
Forecast Period 2020 to 2027 CAGR | CAGR of 6.2% during the review period (2022 to 2027). |
By Type |
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By Application |
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By Companies | Bestek, NFA, Cobra, Kisae Technology, Rally, Energizer, Duracell, Meind, Stanley, Exeltech, Cotek, Samlex, Power Bright, Go Power, Wagan Tech, |
Regions Covered |
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Countries Covered |
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Base Year | 2022 |
Historical Year | 2017 to 2021 |
Forecast Year | 2022 to 2027 |
Number of Pages | 118 |
Customization Available | Yes, the report can be customized as per your needs |
All our reports are customizable to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report to your needs.
What is the size of the global power inverter market?
The global power inverter market was valued at US$ 71.3 Billion in 2020.
What is the expected growth rate of the global power inverter market?
The global power inverter market to exhibit a CAGR of 6.2% during 2022-2027.
What is the breakup of the global power inverter market based on the application?
The global power inverter market has been divided into motor drives, uninterruptible power supply (UPS), rail traction, wind turbines, electric vehicles/hybrid electric vehicles (EVs/HEVs), solar PVs, and others, where motor drives currently represent the largest segment.
Who are the key players/companies in the global power inverter market?
Some of the major players in the global power inverter 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., and SolarEdge Technologies Inc. etc.
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SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
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