Growing Emphasis on Renewable Energy is Projected to Drive Growth in Power Inverter Market

Power inverter market is expected to register exponential growth at a CAGR of 6.7% during the forecast period (2025-2035). The growing emphasis on renewable energy transition is projected to drive demand in the power inverter market. In recent years, there has been a rapid increase in the development and installation of renewable energy projects which is largely driven by state-owned sustainability goals, refining economics of renewable energy sources, and global shift towards sustainability. These factors are largely being complimented by power inverters as largely renewable energy expansion is expected to increase demand for power inverters in solar & wind projects, increase deployment of smart inverters for grid stabilization, and support distributed renewable energy systems.

Browse the full report description of “Power Inverter Market Size, Share & Trends Analysis Report by Type (Inverter Source, and Load), and End-User (Automotive, Energy, Telecommunication & IT, Industrial, Healthcare, Infrastructure, Residential, and Others (Education & Research, Healthcare, Robotics & Automation, and Retail & E-Commerce)) Forecast Period (2025-2035)” at https://www.omrglobal.com/industry-reports/power-inverter-market

Recent Developments

• In October 2024, Livguard, part of SAR Group, launched its High-Frequency Solar Inverters at the 17th Renewable Energy India Expo 2024. The Hybrid and Off-Grid Series comes as transformer-less, which promises higher efficiency and is compatible with Lead Acid and Lithium Batteries. Equipped with in-built Wi-Fi, UPS functionality, and advanced products such as lithium-based ESS and high-efficiency panels, Livguard assures reliable, cutting-edge solar solutions.

• In October 2023, Sungrow, the globally prominent inverter and energy storage system supplier, demonstrated its all-round renewable energy solutions and introduced new products to India during REI 2023. The energy transition in India is at a critical stage. Innovative products and solutions from Sungrow will support India in further improving its energy structure and developing efficient, safe, and clean energy utilization.

Market Coverage

· The market number available for – 2024-2035

· Base year- 2024

· Forecast period- 2025-2035

· Segment Covered- 

o By Type

o By End-User

· Regions Covered-

o North America

o Europe

o Asia-Pacific

o Rest of the World

· Competitive Landscape- ABB Ltd., TDK Corporation, Delta Electronics, Huawei Technologies Co., Ltd., Sungrow Power Supply Co., Ltd, and others.

Key questions addressed by the report.

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• Who is the leader in the market?
• How are players addressing challenges to sustain growth?
• Where is the investment opportunity?

Global Power Inverter Market Report Segment

By Type

· Inverter Source

o Current Source Inverter

o Voltage Source Inverter

· Load

o Single Phase Inverter

o Three Phase Inverter

By End-User

• Automotive
• Energy
• Telecommunication & IT
• Industrial
• Healthcare
• Infrastructure
• Residential

Global Power Inverter Market Report Segment by Region

North America

· United States

· Canada 

Europe

· UK

· Germany

· Italy

· Spain

· France

· Russia

· Rest of Europe 

Asia-Pacific

· China

· India

· Japan

· South Korea

· Australia and New Zealand

· ASEAN Economies

· Rest of Asia-Pacific 

Rest of the World

· Latin America 

· Middle East & Africa

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