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Inverter & Converter Market, Global Outlook and Forecast 2024-2031

This report aims to provide a comprehensive presentation of the global market for Inverter & Converter, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Inverter & Converter. This report contains market size and forecasts of Inverter & Converter in global, including the following market information:
Global Inverter & Converter Market Revenue, 2019-2024, 2024-2029, ($ millions)
Global Inverter & Converter Market Sales, 2019-2024, 2024-2029, (K Units)
Global top five Inverter & Converter companies in 2023 (%)
The global Inverter & Converter market was valued at US$ million in 2023 and is projected to reach US$ million by 2029, at a CAGR of % during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
The U.S. Market is Estimated at $ Million in 2023, While China is Forecast to Reach $ Million.
Inverter Segment to Reach $ Million by 2029, with a % CAGR in next six years.
The global key manufacturers of Inverter & Converter include ABB, Advanced Energy, Bonfiglioli Riduttori, Eaton, Emerson Electric, Enphase Energy, Fronius International, GE and Mitsubishi Electric, etc. in 2023, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Inverter & Converter manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Inverter & Converter Market, by Type, 2019-2024, 2024-2029 ($ Millions) & (K Units)
Global Inverter & Converter Market Segment Percentages, by Type, 2023 (%)

  • Inverter
  • Converter

Global Inverter & Converter Market, by Application, 2019-2024, 2024-2029 ($ Millions) & (K Units)
Global Inverter & Converter Market Segment Percentages, by Application, 2023 (%)

  • Solar Panels
  • Fuel cells and UPS
  • Battery Storage
  • Others

Global Inverter & Converter Market, By Region and Country, 2019-2024, 2024-2029 ($ Millions) & (K Units)
Global Inverter & Converter Market Segment Percentages, By Region and Country, 2023 (%)

  • North America
  • US
  • Canada
  • Mexico
  • Europe
  • Germany
  • France
  • U.K.
  • Italy
  • Russia
  • Nordic Countries
  • Benelux
  • Rest of Europe
  • Asia
  • China
  • Japan
  • South Korea
  • Southeast Asia
  • India
  • Rest of Asia
  • South America
  • Brazil
  • Argentina
  • Rest of South America
  • Middle East & Africa
  • Turkey
  • Israel
  • Saudi Arabia
  • UAE
  • Rest of Middle East & Africa

Competitor Analysis
The report also provides analysis of leading market participants including:

  • Key companies Inverter & Converter revenues in global market, 2019-2024 (Estimated), ($ millions)
  • Key companies Inverter & Converter revenues share in global market, 2023 (%)
  • Key companies Inverter & Converter sales in global market, 2019-2024 (Estimated), (K Units)
  • Key companies Inverter & Converter sales share in global market, 2023 (%)

Further, the report presents profiles of competitors in the market, key players include:

  • ABB
  • Advanced Energy
  • Bonfiglioli Riduttori
  • Eaton
  • Emerson Electric
  • Enphase Energy
  • Fronius International
  • GE
  • Mitsubishi Electric
  • Omron
  • Proinso
  • Riello
  • Siemens

Outline of Major Chapters:
Chapter 1: Introduces the definition of Inverter & Converter, market overview.
Chapter 2: Global Inverter & Converter market size in revenue and volume.
Chapter 3: Detailed analysis of Inverter & Converter manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Inverter & Converter in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Global Inverter & Converter capacity by region & country.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 11: The main points and conclusions of the report.