About Inverter Technology
Inverter technology is one representative of multiple modern renewable energy technologies. It is one of the latest renovations of electro compressor motor technologies. This technology is used more widely ranging from home appliances like TV, emergency lights, electronic fans, cellphone chargers, radios, to automobile accessories like car refrigerators, air-conditioners and office equipment including a laser printer, computer.
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 competitive advantage through combined collaborations. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Inverter Technology market throughout the forecasted period. Established and emerging Vendors 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 Co., Ltd (China), Tripp Lite (United States), Cobra Electronics (United States), Toshiba Schneider Inverter Corporation (Japan), Ring Automotive Limited (United States), Cooper Bussmann (United States), Movek Group (Estonia), Mitsubishi Electric Corporation (Japan) and Zucchetti Centro Sistemi S.p.a (Italy) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Hitachi (Japan) and YASKAWA Europe GmbH (Germany).
Segmentation Overview
AMA Research has segmented the market of Global Inverter Technology market by Type (Fixed and Portable), Application (Residential, Commercial and Industrial) and Region.
On the basis of geography, the market of 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 Phase, the sub-segment i.e. Single Phase will boost the Inverter Technology market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Output Voltage, the sub-segment i.e. Up to 240 Volts will boost the Inverter Technology market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Technological Advancements in the Market
Market Growth Drivers:
Increased Application of Inverter Technology and High Benefits of Inverter Technology
Challenges:
Lack of Skilled Professionals
Restraints:
Technical Complexities Associated with Technology
Opportunities:
Growth in the Consumer Electronics Industry and Favorable Government Law in Some Countries
Market Leaders and their expansionary development strategies
In October 2019,Nidec Corporation announced today that the Company completed the acquisition of OMRON Automotive Electronics Co. Ltd. (“OMRON Automotive Electronics”) from OMRON Corporation (“OMRON”) (the “Stock Acquisition”) on October 31, 2019 (Japan time), in accordance with a stock purchase agreement entered into by the Company and OMRON on April 16, 2019
In October 2023, Havells India Ltd has unveiled its revolutionary product – the Dual Mode Micro Inverter (DMMI) — backed by four US patents.This innovation is set to transform the solar power industry by addressing key limitations associated with traditional inverters and microinverters. DMMI is equipped with an MPPT-based solar charge controller, which efficiently converts DC current from solar panels into AC current.
Key Target Audience
Inverter Technology Providers, Emerging Companies, Research Professionals and End-users
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.