Inverters convert DC (direct current) electricity generated by wind turbines or photovoltaic modules and stored in batteries into 230V 50Hz AC (alternating current) power required to run conventional appliances and for connection to the grid. Gen Consulting Company estimates the global inverter market will total USD 15,233 million by 2028, an average annual growth of 5.8 percent during the forecast period, according to the latest edition of the Global Inverter Market Report.

The report provides in-depth analysis and insights regarding the current global market scenario, latest trends and drivers into global inverter market. It offers an exclusive insight into various details such as market size, key trends, competitive landscape, growth rate and market segments. This study also provides an analysis of the impact of the COVID-19 crisis on the inverter industry.

This industry report offers market estimates and forecasts of the global market, followed by a detailed analysis of the product, grid connectivity, and region. The global market for inverter can be segmented by product: battery Inverters, PV inverters, wind inverters, others. The PV inverters segment was the largest contributor to the global inverter market in 2021. Inverter market is further segmented by grid connectivity: on-grid, off-grid. Based on region, the inverter market is segmented into: North America, Asia Pacific, Europe, Rest of the World (ROW).

By product:
– battery Inverters
– PV inverters
– wind inverters
– others

By grid connectivity:
– on-grid
– off-grid

By region:
– North America
– Asia Pacific
– Europe
– Rest of the World (ROW)

The report explores the recent developments and profiles of key vendors in the Global Inverter Market, including Enphase Energy, Inc., Fimer Spa, Fronius International GmbH, Ginlong Technologies Co., Ltd., Huawei Technologies Co., Ltd., Ingeteam Power Technology S.A., Jiangsu GoodWe Power Supply Technology Co., Ltd., Kehua Hengsheng Co., Ltd., Power Electronics S.L., Shenzhen Growatt New Energy Technology Co., Ltd., Shenzhen KSTAR Science and Technology Co., Ltd., Sineng Electric Co., Ltd., SMA Solar Technology AG, SolarEdge Technologies, Inc., Sungrow Power Supply Co., Ltd., Toshiba Mitsubishi-Electric Industrial Systems Corporation (TMEIC), among others.
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Historical & Forecast Period
This research report provides analysis for each segment from 2018 to 2028 considering 2021 to be the base year.

Scope of the Report
– To analyze and forecast the market size of the global inverter market.
– To classify and forecast the global inverter market based on product, grid connectivity, region.
– To identify drivers and challenges for the global inverter market.
– To examine competitive developments such as mergers & acquisitions, agreements, collaborations and partnerships, etc., in the global inverter market.
– To identify and analyze the profile of leading players operating in the global inverter market.

Why Choose This Report
– Gain a reliable outlook of the global inverter market forecasts from 2022 to 2028 across scenarios.
– Identify growth segments for investment.
– Stay ahead of competitors through company profiles and market data.
– The market estimate for ease of analysis across scenarios in Excel format.
– Strategy consulting and research support for three months.
– Print authentication provided for the single-user license.