Inverter Market | Size, Share and Industry Analysis and Market Forecast to 2025 - PowerPoint PPT Presentation

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Inverter Market | Size, Share and Industry Analysis and Market Forecast to 2025

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The global inverter market is projected to grow from USD 12.8 billion in 2020 to USD 26.5 billion by 2025; it is expected to grow at a CAGR of 15.6% from 2020 to 2025 – PowerPoint PPT presentation

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Date added: 25 February 2020
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Title: Inverter Market | Size, Share and Industry Analysis and Market Forecast to 2025


1
MarketsandMarkets Presents
Inverter Market by Type (Solar Inverters,
Non-solar Inverters), Output Power Rating, Output
Voltage, Sales Channel (Direct, Indirect), End
User (PV Plants, Residential, Commercial,
Automotive), and Geography - Global Forecast to
2025 The report "Inverter Market by Type (Solar
Inverters, Non-solar Inverters), Output Power
Rating, Output Voltage, Sales Channel (Direct,
Indirect), End User (PV Plants, Residential,
Commercial, Automotive), and Geography - Global
Forecast to 2025", is projected to grow from USD
12.8 billion in 2020 to USD 26.5 billion by 2025
it is expected to grow at a CAGR of 15.6 from
2020 to 2025.
2
MarketsandMarkets Presents
The non-solar inverters segment of the inverter
market is projected to grow at a higher CAGR than
the solar inverters segment during the forecast
period. The growth of this segment can be
attributed to the introduction of hybrid electric
and electric vehicles that has brought new
opportunities and challenges in the power
electronics industry, especially in terms of the
development of the main traction motor drives.
Download PDF Brochure _at_ https//www.marketsand
markets.com/pdfdownloadNew.asp?id33851149 The
multilevel inverter structure allows these
vehicles to reach to high voltages and power
levels without using transformers. Moreover,
limited installation spaces have also led to the
requirement for energy-efficient inverters.
3
MarketsandMarkets Presents
Among end users, the residential segment held the
largest share of the inverter market in
2019. Rising energy costs, coupled with
supportive government policies worldwide, have
led to the increasing adoption of energy
conservation measures such as solar rooftop PV
installations for controlling the increased
energy expenditure in residential applications.
Countries such as the US, Australia, and the
Netherlands, which are among the prominent
markets for residential rooftop PV installations,
have widely adopted solar inverters over
conventional non-solar inverters. In addition,
countries such as India, Mexico, the UK, and
Brazil are currently witnessing significant
growth in the residential solar energy
market. The solar inverter market in APAC
projected to grow at the highest growth rate
during the forecast period. In APAC, several
operational solar inverter installations are
carried out for residential, commercial, and PV
power plant applications. Japan and Australia are
major adopters of solar inverters, especially
micro inverters in APAC. Moreover, the rise in
the number of residential rooftop solar PV
installations in India and Japan is encouraging
inverter manufacturers to cater to the
requirements of potential customers in this
region.
4
MarketsandMarkets Presents
The major players operating in the inverter
market Huawei Technologies (China), Sungrow
Power Supply (China), SMA Solar Technology
(Germany), Power Electronics (Spain), and ABB
(Switzerland)
5
MarketsandMarkets Presents
About MarketsandMarkets MarketsandMarkets
provides quantified B2B research on 30,000 high
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the curve.
6
MarketsandMarkets Presents
MarketsandMarketss flagship competitive
intelligence and market research platform,
"Knowledgestore" connects over 200,000 markets
and entire value chains for deeper understanding
of the unmet insights along with market sizing
and forecasts of niche markets. Contact Mr.
Sanjay Gupta MarketsandMarkets INC.  630 Dundee
Road  Suite 430 Northbrook, IL 60062  USA
1-888-600-6441 
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