DUBLIN–(BUSINESS WIRE)–The “Inverter Market, Till 2035: Distribution by Type of Product, Type of Power Rating, Type of Voltage, Type of Connection, Type of Sales Channel, Type of End-User, and Geographical Regions: Industry Trends and Global Forecasts” has been added to ResearchAndMarkets.com’s offering.
The global inverter market is on a robust growth trajectory, projected to expand from USD 36.39 billion in the current year to USD 145.03 billion by 2035, at a steady compound annual growth rate (CAGR) of 13.39% over the forecast period.
The inverter industry is spearheading the movement towards energy efficiency and technological innovation. With ongoing advancements in technology and mounting energy demands, especially renewable energy, the inverter market is expected to flourish consistently throughout the forecast period.
Inverter Market: Key Segments
- Market Share by Type of Product: The market differentiates between central inverters, hybrid inverters, microinverters, and string inverters. Central inverters dominate the market due to their extensive application in solar photovoltaic systems across varied scales. However, string inverters are anticipated to witness higher growth due to their cost-effectiveness and adaptability in diverse settings.
- Market Share by Type of Power Rating: The 10kW-50kW power rating segment currently prevails owing to its versatility. Conversely, demand for above 100kW inverters is surging due to the growing utility-scale solar projects that require high-power capacity solutions.
- Market Share by Type of Voltage: High voltage inverters lead the market share, spurred by burgeoning power generation demands. Meanwhile, low-voltage inverters are expected to grow rapidly with their increasing applications in residential and medium-sized commercial projects.
- Market Share by Type of Connection: Grid-tied connections dominate the market, propelled by the widespread adoption of solar systems, particularly in residential use and large-scale rooftop projects.
- Market Share by Type of Distribution Channel: Direct sales maintain a predominant market share, as they facilitate customized inverter solutions for large projects, backed by technical expertise for complex installations.
- Market Share by Type of End User: The residential segment currently leads due to increased rooftop solar installations and government incentives. However, the automotive sector is poised for rapid growth, driven by the rising use of electric vehicles that rely on inverters for efficient power conversion.
- Market Share by Geographical Regions: Asia commands a significant share of the market, bolstered by increased adoption of electric vehicles and solar energy solutions. North America is expected to grow at a notable CAGR, driven by heightened adoption of clean energy, supportive government policies, and environmental concerns.
Inverter Market: Research Coverage
The report provides a thorough examination of various sections, including:
- Market Sizing and Opportunity Analysis: An in-depth analysis of key market segments.
- Competitive Landscape: An overview of market participants and competitive dynamics.
- Company Profiles: Detailed profiles of leading market players.
- SWOT Analysis: Insightful analysis of market strengths, weaknesses, opportunities, and threats.
- Value Chain Analysis: Comprehensive insights into the stages and stakeholders in the market value chain.
Key Questions Answered in this Report
The report addresses pivotal questions, including:
- Number and identity of companies active in the inverter market.
- Market leaders and influential factors.
- Current and projected market size and growth rate.
- Distribution of market opportunities across segments.
Reasons to Buy this Report
This report offers a detailed market analysis, catering to both established industry figures and emerging entrants, with insights into:
- Revenue projections and market strategy development.
- Competitive dynamics for strategic business positioning.
- Comprehensive market overview and trend analysis for data-driven decision making.
Additional Benefits
Users of this report will gain access to:
- Complimentary Excel Data Packs for all analytical modules.
- 15% free content customization.
- Detailed walkthrough sessions with the research team.
- Free updates for reports older than six months.
Key Attributes
| Report Attribute | Details |
| No. of Pages | 172 |
| Forecast Period | 2025-2035 |
| Estimated Market Value (USD) in 2025 | $36.39 Billion |
| Forecasted Market Value (USD) by 2035 | $145.03 Billion |
| Compound Annual Growth Rate | 13.3% |
| Regions Covered | Global |
A selection of companies mentioned in this report includes, but is not limited to:
- ABB
- Delta
- Enphase
- Fronius
- General Electric
- Huawei
- Power Electronic
- Schneider
- SMA
- SolarEdge
- Sungrow
- TMEIC
For more information about this report visit https://www.researchandmarkets.com/r/r7zffz
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