Detailed market study on the “Global Power Inverter Market” Research Report 2018-2025 by Research For Markets begins with a description of the product, definition, scope of product and classification, cost, specifications and Power Inverter market outlook. The report analyses the important factors of the Power Inverter market based on present industry situations, market demands, business strategies utilized by Power Inverter market players, and the future prospects from various angles in detail. The report provides Power Inverter market forecast period from 2019 to 2025.
A power inverter, or inverter, is an electronic device or circuitry that changes direct current (DC) to alternating current (AC). This Report is aimed at the portable power inverter market.
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Market Segment by Manufacturers, this report covers Cotek, Samlex, Power Bright, Go Power, Wagan Tech, Magnum Energy, WEHO, Erayak, Bestek, NFA, Cobra, Kisae Technology, Rally, Energizer, Duracell, Meind, Stanley and Exeltech.
Market Segment by Regions, regional analysis covers
- North America (United States, Canada and Mexico)
- Europe (Germany, France, UK, Russia and Italy)
- Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
- South America (Brazil, Argentina, Colombia etc.)
- Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Market Segment by Type, covers
- 48V and above
Market Segment by Applications, can be divided into
- Car Appliances
- Outdoor Application
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Scope of the Report:
- This report focuses on the Power Inverter in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.
- The Power Inverter consumption volume was 3129.4 K Units in 2016 and is expected to reach 3347.8 K Units in 2017 and 4681.9 K Units in 2022, growing at a CAGR of 6.94% from 2017 to 2022. North America`s sales volume accounted for the highest market share (33.77%) in 2016, followed by the Europe and China.
- At present, the manufactures of Power Inverter are concentrated in North America, Europe, China and Asia(excluding China). China is the largest production area in the world, which occupied about 56% production share in 2016. The global leading players in this market are Bestek, NFA, Cobra, Kisae Technology, Rally, etc
- The Power Inverter are mainly used by Car Appliances and Outdoor Application. The dominated application of Power Inverter is Car Appliances.
- Despite the presence of competition problems, due to the increasing demand of leading-edge, effective, and convenient products, investors are still optimistic about this area, the future will still have more new investment enter the field. In the next five years, the consumption volume will keep increasing, as well as the consumption value.
- The worldwide market for Power Inverter is expected to grow at a CAGR of roughly 4.9% over the next five years, will reach 230 million US$ in 2023, from 170 million US$ in 2017
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