Power Inverter Market

Owing to the increase in demand for the uninterrupted power supply to run an electronic gadgets such as television, laptops, air conditioners, and refrigerators is the major factor spurring the growth of power inverter market.

In addition increase in urbanization in emerging economies such as India and increase in rural electrification projects (such as lighting Africa) are coupled together to surge the growth of the power inverter market during the forecast period.

Also, the demand for uninterrupted power supply in corporate offices, schools and other commercial places is the piloting the growth of the power inverter market.

High product cost paired with low battery lifespan is the major factor restraining the adoption of power inverter in forth coming years. If battery attached with power inverters are not in continuous use, the chances of battery deterioration are high, which is another challenge associated with the power inverter.

Global Power Inverter Market: Market Segmentation

Global Power Inverter Market can be divided into three segments, on the base of Product Type, Application, and Region.

Segmentation on the basis of the voltage type for Power Inverter Market as:-

Segmentation on the basis of the application for Power Inverter Market as:-

Global Power Inverter Market: Regional Trend

Increase in urbanization and rural electrification rates are coupled together to spur the growth of power inverter market in the Asia Pacific region.

Early adopters of technology; North America and Europe are the mature markets with respect to the power inverter market, owing to which, these regions are anticipated to showcase moderate growth rate with respect to power inverter market.

Global Power Inverter Market: Competitive Landscape

Key Players

The major player operating in Power Inverter market includes Omron Automation Pvt Ltd, TMEIC, Tabuchi Electric Co., LTD., SMA Solar Technology, ABB Ltd., Samlex America Inc., Thor Manufactures, and PowerBright.

Key Contracts

In August 2016, energy management and automation solutions provider; Schneider Electric SE Installed a 1,800-Watt power inverter on all new Schneider’s tractors to provide enhance the electrical capacity of the tractor.

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

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