About Digital Inverter
Increasing the market for digital inverter is the constant expansion of new technologies for batteries for keeping more power. The digital inverter is the important building block of several binary devices, thus it takes the binary input and returns the binary output. The digital inverter is rooted with components including the compressor which is used in order to produce the DC output.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
CAGR | 8.89% |
Leading global players are focusing on strategic partnerships to improve their products and services. In addition, companies are focusing on increasing their client base to strengthen market position and to enhance product & service offerings. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Digital Inverter market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Eaton Corporation (Ireland), Schneider Electric SE (France), Siemens AG (Germany), ABB Ltd. (Switzerland), General Electric Co. (United States), Enphase Energy, Inc. (United States), SMA Solar Technology AG (Germany), Vertiv Group Corporation (United States), Leopold Kostal GmbH & Co. KG (Germany) and Growatt New Energy Co.,Ltd. (China) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Fronius International GmbH (Austria), Toshiba Mitsubishi-Electric Industrial Systems Corporation (Japan) and KOSTAL Solar Electric (Germany).
Segmentation Overview
AMA Research has segmented the market of Global Digital Inverter market by Type (Central Inverter, String Inverter and Micro Inverter), Application (Air Conditioner, Refrigerator, Washing Machine, Refrigerator, Water Pumps and Others) and Region.
On the basis of geography, the market of Digital Inverter 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 Power Source, the sub-segment i.e. Battery Inverter will boost the Digital Inverter market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Utilities will boost the Digital Inverter market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growing Technological Development in Energy Utilization and High Adoption of Durability Product
Market Growth Drivers:
High Adoption due to Development of New Battery Technology and Increasing Demand from Residential and Commercial Sector
Challenges:
Errors In Digital Inverter Software
Restraints:
Insufficient Exposure of the Digital Inverter and Increasing DC Optimizer Adoption
Opportunities:
Huge Opportunity Due To Development of Solar Projects by Governments and Technological Advancement in Digital Invertor
Market Leaders and their expansionary development strategies
On 3rd October 2018, Huawei has launched SUN2000-5KTL-M0 and SUN2000-6KTL-M0 Three-phase smart inverter for the Australian residential market. The SUN2000-5KTL-M0 and SUN2000-6KTL-M0 smart inverter function as the smart energy center that will become the hub for the energy flow and information flow of a smart home, bringing users a wonderful digital life experience. and On 20th September 2018, Schneider Electric, the leader in digital transformation of energy management and automation has launched the next-generation hybrid inverter, ConextTM XW Pro dedicated to the Residential, Commercial & Industrial solar and storage applications.
On 2nd July 2018, ABB has acquired GE Industrial Solutions. The deal will helps ABB’s to get strong global position in electrification and Expands access to attractive North American market.
Key Target Audience
Original Equipment Manufacturers (OEMs), OEM Technology Solution Providers, Research Institutes, Market Research and Consulting Firms, Forums, Alliances, and Associations, Technology Investors, Governments and Financial Institutions, Analysts and Strategic Business Planners and Others
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.