An Incisive, In-depth Analysis on the Digital Inverter Market
This study offers a comprehensive, 360 degree analysis on the Digital Inverter market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Digital Inverter market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.
Utilities end user segment to reflect high market attractiveness in the coming years
According to Future Market Insights, the global market for digital inverters is expected to display stellar growth during the period of forecast. The global digital inverter market has been witnessing consistent growth since 2012. According to this research, the global market for digital inverters is expected to grow at a high CAGR of 7.1% throughout the 2017-2027 timeline. The global market, in 2017 is valued at US$ 5.5 Bn and is estimated to reach around US$ 11 Bn by the end of 2027. The high growth is due to development of new battery technologies for additional power storage, increasing demand from industrial and commercial sectors in the coming years and increasing technological development in energy utilization.
Higher demand for digital inverters in utilities to spur the growth of the global market
One of the segments of the global digital inverter market is the end user category. Utilities segment in this category is a highly lucrative segment. It has reflected high growth potential during the 2012-2016 with respect to both growth rate as well as revenue and is likely to show increased potential in the years to come. The utilities end user segment is expected to reach a valuation of more than US$ 5500 Mn by the end of the year of assessment from a value of a bit more than US$ 2800 Mn in 2017. This rise in estimation can be attributed to increasing demand for digital inverters from the utilities sector. The utilities segment is projected to expand at a robust rate to register a CAGR of above 7.2% throughout the period of assessment, 2017-2027.
Commercial sector to contribute significantly to the growth of the global digital inverter market
Commercial sector, following utilities, is showing higher inclination towards using digital inverters. This trend has been observed since 2012-2016 timeline. The commercial segment is expected to rise at a noteworthy CAGR of 7.0% throughout the assessment period. The commercial segment reflected a revenue generation of around US$ 1.2 Bn in 2016 and is anticipated to touch an estimate a little under US$ 2670 Mn by the end of the year of forecast. This segment is expected to represent a Y-o-Y of 6.1% by the end of 2027.
Regional outlook on digital inverter end user segments
Digital inverter market is soaring across the globe through regional geographies such as North America, Asia Pacific excluding Japan (APEJ), Western Europe etc. In North America, the utilities end user segment reflected higher revenue share and is expected to grow at a 7.2% CAGR during the forecast period. The commercial end user segment in Western Europe is estimated at around US$ 340 Mn by end of 2027. The utilities segment dominates the Western Europe digital inverter market in terms of market value and growth rate. Utilities end user segment in Western Europe is projected to rise at a CAGR of 7.0% throughout the forecast period. Asia Pacific excluding Japan (APEJ) region has shown higher potential compared to other regions during the forecast period. The utilities end user segment is projected to grow at a 7.9% CAGR during the period of forecast and reach a huge valuation of around US# 2.4 Bn by the end of the assessment year (2027). The commercial segment in this region is also expected to show significant growth contributing to the growth of the global market.
With a view to get a clear market picture of digital inverters, Future Market Insights has presented key acumen in a systematic format in its new research report titled “Digital Inverter Market: Global Industry Analysis (2012-2016) and Opportunity Assessment (2017-2027)”. It uncovers each and every aspect of the market, with the help of a robust research platform. It unmasks numerous acumen on the macroeconomic factors, SWOT analysis, regulatory aspects, and other angles which govern the dynamics of the market influencing its growth. These traits help in devising an accurate marketing strategy or entry tactic or even expansion, simultaneously dealing with the unforeseen events present within the market scenario.
A robust research methodology to assemble data and figures
At Future Market Insights, an exclusive research methodology is applied to garner necessary market intelligence. Secondary research followed by primary research and key opinions from subject matter experts, market observers and other external sources is carried out. The initial secondary research is initiated which is extensive in nature and covers all the angles of the digital inverter market following which a primary research is carried out with which further deep diving is carried out. Simultaneously, market observers and domain experts which have a completely unbiased knowledge about the market, are interviewed to gain essentials of the market pertaining to the market scenario in different regions across the globe. Each key aspect or statistic or number is cross checked, re-verified, evaluated, analysed and validated over the course of the entire research. As every conversation gives a more or less different view, the statistics and data undergo a triangulation process to arrive at a certain number. This data point reflects maximum accuracy which fuels the credibility of the information that the report contains.
Detailed Market Segmentation
By End User
By Power Source
By Product Type
The research report on global digital inverter market includes a separate chapter on competitive assessment that includes several key players involved in the operations associated with digital inverters. Key information on these players such as current scenario, their geographical spread, their expansion plans, the new strategies they have come up with, new developments in their products as well as innovation to enhance their product portfolio, mergers and acquisitions as an expansion strategy, marketing strategies, market share, revenue, company strength, strategic alliances, etc., has been covered in this chapter. This can give the reader a broad idea of the happening events in the market, initiated by these players with the support of which new plans or tactics can be developed and implemented.
To sum up the characteristic features of the global digital inverter market research report, it presents an unbiased opinion of the global market along with key recommendations, it reflects a global perspective covering major geographies, includes a weighted market segmentation, provides actionable acumen that can be used runtime, covers a detailed competitive scenario and puts forth a realistic and accurate picture of the global market to support the reader in making informed decisions and gaining advantage in the long run.
Digital Inverter Market Reports - Table of Contents
13. Forecast Assumptions
19. Assumptions and Acronyms Used
20. Research Methodology