About Compact Inverter Technology
Compact inverter technology is utilized in automotive applications, and the development of high-power density technology for a primary inverter circuit has been a continuing challenge as there is minimal space in a vehicle. At the same time, there is a demand for portable power storage devices in service vehicles, mobile offices, fieldwork/construction sites, and recreation vehicles to provide emergency backup power to electronic devices such as tablets, cell phones, handheld video games devices, and portable stereos. Companies expand their mobility businesses to develop compact power-dense automotive inverters capable of increasing the range of electric vehicles.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to gain a competitive advantage through combined collaborations. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Compact Inverter Technology market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
OMRON Corporation(Japan), Growatt New Energy Technology(United States), Tripp Lite(United States), Cobra Electronics(United States), Toshiba Schneider Inverter(United States), Ring Automotive Limited (United Kingdom), Eaton (Cooper Bussmann) (Ireland), Movek Group (Estonia), Mitsubishi Electric Corporation (Japan) and Zucchetti Centro Sistemi (Italy) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Hitachi(Japan), YASKAWA Europe (Germany), Fuji Electric (Japan) and Panasonic Electric (Japan).
Segmentation Overview
AMA Research has segmented the market of Global Compact Inverter Technology market by Type (Single-Phase Inverter and Three-Phase Inverter), Application (Residential, Commercial and Industrial) and Region.
On the basis of geography, the market of Compact Inverter Technology has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Mounting, the sub-segment i.e. Fixed will boost the Compact Inverter Technology market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channel, the sub-segment i.e. Online will boost the Compact Inverter Technology market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Voltage, the sub-segment i.e. Up to 240 Volts will boost the Compact Inverter Technology market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Growth Drivers:
The compact inverter technology market also offers an analysis of the potential opportunities to look forward to, along with the latest trends in the marketplace.
Challenges:
threats of New entrance
Restraints:
High cost associated with the compact inverter
Opportunities:
automotive engineering is transforming and indicating a potential for innovation is booming the demand for it in the market
Market Leaders and their expansionary development strategies
In February 2022, Luminous power technologies, the innovation leader in power solution business, is excited to announce the launched of a new inverter series "Li-ON", an integrated Inverter with Lithium-ion batteries.The new series built on Li-ion batteries, touted as the future of the power storage business, aligns with the idea of an 'integrated approach to science and technology,
In May 2019 SolarEdge Technologies, Inc. Compact Inverter Combines Management of Solar, Energy Storage, and Home Energy SolarEdge and plans to release a single-phase inverter with HD-Wave technology that integrates the management of solar, storage, and home energy into one inverter. The company says that the combination of all of these functions into one inverter will simplify installation, improve system RoI, and increase self-consumption.
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Compact Inverter Technology Manufacturer, Raw Material Suppliers, Dealers, Suppliers, Traders, and Distributors, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and End-Use Industry
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.