Power Converter and Inverter Market Scope and Size by 2031
Inverters and Converters are electrical devices that basically convert current. Inverters convert direct current to alternating current. On the other hand, Converters convert the voltage of an electric device, i.e. alternating current (AC) to direct current (DC). In the upcoming years, there will be a growing demand for Power Inverter/Converter in the developed countries, which is estimated to drive the market for more advanced Power Inverter/Converter.
MARKET DYNAMICS
Increase in metalworking field expenses, intense competition, launches in new products, increase in spending on nonclinical field industry, renovation of old technology, increasing adoption of Power Inverter/Converter will steer the market growth. The product average price decreased in the past few years because of the technology development, thus the average price will continue to keep the trend in the upcoming years.
MARKET SCOPE
The "Global Power Converter and Inverter Market Analysis to 2031" is a specialized and in-depth study of the power converter and inverter market with a special focus on the global market trend analysis. The report aims to provide an overview of power converter and inverter market with detailed market segmentation by type, application and geography. The global power converter and inverter market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading power converter and inverter market players and offers key trends and opportunities in the power converter and inverter market.
MARKET SEGMENTATION
The global power converter and inverter market is segmented on the basis of type and application. On the basis of type, the market is segmented as 12V, 24V and 48V and above. On the basis of application, the market is segmented as car appliances, outdoor application and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global power converter and inverter market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The power converter and inverter market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report also includes the profiles affecting power converter and inverter market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the power converter and inverter market in these regions.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global power converter and inverter market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The power converter and inverter market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report also includes the profiles affecting power converter and inverter market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the power converter and inverter market in these regions.
MARKET PLAYERS
The reports cover key developments in the power converter and inverter market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from power converter and inverter market are anticipated to lucrative growth opportunities in the future with the rising demand for power converter and inverter market. Below mentioned is the list of few companies engaged in the power converter and inverter market.
The report also includes the profiles of key power converter and inverter market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- Battery-Biz, Inc.
- BESTEK
- Cobra
- COTEK Electronic Company Ltd
- Energizer
- EXELTECH
- Newfocus Optoelectronic Technology (Shanghai) Co., Ltd
- Samlex Europe
- Shenzhen Meind Technology Co., LTD.
- Stanley Black & Decker, Inc.
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Power Converter And Inverter Market - By Type
1.3.2 Power Converter And Inverter Market - By Application
1.3.3 Power Converter And Inverter Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. POWER CONVERTER AND INVERTER MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. POWER CONVERTER AND INVERTER MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. POWER CONVERTER AND INVERTER MARKET - GLOBAL MARKET ANALYSIS
6.1. POWER CONVERTER AND INVERTER - GLOBAL MARKET OVERVIEW
6.2. POWER CONVERTER AND INVERTER - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. POWER CONVERTER AND INVERTER MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. 12V
7.3.1. Overview
7.3.2. 12V Market Forecast and Analysis
7.4. 24V
7.4.1. Overview
7.4.2. 24V Market Forecast and Analysis
7.5. 48V AND ABOVE
7.5.1. Overview
7.5.2. 48V and Above Market Forecast and Analysis
8. POWER CONVERTER AND INVERTER MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. CAR APPLIANCES
8.3.1. Overview
8.3.2. Car Appliances Market Forecast and Analysis
8.4. OUTDOOR APPLICATION
8.4.1. Overview
8.4.2. Outdoor Application Market Forecast and Analysis
8.5. OTHERS
8.5.1. Overview
8.5.2. Others Market Forecast and Analysis
9. POWER CONVERTER AND INVERTER MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Power Converter And Inverter Market Overview
9.1.2 North America Power Converter And Inverter Market Forecasts and Analysis
9.1.3 North America Power Converter And Inverter Market Forecasts and Analysis - By Type
9.1.4 North America Power Converter And Inverter Market Forecasts and Analysis - By Application
9.1.5 North America Power Converter And Inverter Market Forecasts and Analysis - By Countries
9.1.5.1 United States Power Converter And Inverter Market
9.1.5.1.1 United States Power Converter And Inverter Market by Type
9.1.5.1.2 United States Power Converter And Inverter Market by Application
9.1.5.2 Canada Power Converter And Inverter Market
9.1.5.2.1 Canada Power Converter And Inverter Market by Type
9.1.5.2.2 Canada Power Converter And Inverter Market by Application
9.1.5.3 Mexico Power Converter And Inverter Market
9.1.5.3.1 Mexico Power Converter And Inverter Market by Type
9.1.5.3.2 Mexico Power Converter And Inverter Market by Application
9.2. EUROPE
9.2.1 Europe Power Converter And Inverter Market Overview
9.2.2 Europe Power Converter And Inverter Market Forecasts and Analysis
9.2.3 Europe Power Converter And Inverter Market Forecasts and Analysis - By Type
9.2.4 Europe Power Converter And Inverter Market Forecasts and Analysis - By Application
9.2.5 Europe Power Converter And Inverter Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Power Converter And Inverter Market
9.2.5.1.1 Germany Power Converter And Inverter Market by Type
9.2.5.1.2 Germany Power Converter And Inverter Market by Application
9.2.5.2 France Power Converter And Inverter Market
9.2.5.2.1 France Power Converter And Inverter Market by Type
9.2.5.2.2 France Power Converter And Inverter Market by Application
9.2.5.3 Italy Power Converter And Inverter Market
9.2.5.3.1 Italy Power Converter And Inverter Market by Type
9.2.5.3.2 Italy Power Converter And Inverter Market by Application
9.2.5.4 United Kingdom Power Converter And Inverter Market
9.2.5.4.1 United Kingdom Power Converter And Inverter Market by Type
9.2.5.4.2 United Kingdom Power Converter And Inverter Market by Application
9.2.5.5 Russia Power Converter And Inverter Market
9.2.5.5.1 Russia Power Converter And Inverter Market by Type
9.2.5.5.2 Russia Power Converter And Inverter Market by Application
9.2.5.6 Rest of Europe Power Converter And Inverter Market
9.2.5.6.1 Rest of Europe Power Converter And Inverter Market by Type
9.2.5.6.2 Rest of Europe Power Converter And Inverter Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Power Converter And Inverter Market Overview
9.3.2 Asia-Pacific Power Converter And Inverter Market Forecasts and Analysis
9.3.3 Asia-Pacific Power Converter And Inverter Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific Power Converter And Inverter Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Power Converter And Inverter Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Power Converter And Inverter Market
9.3.5.1.1 Australia Power Converter And Inverter Market by Type
9.3.5.1.2 Australia Power Converter And Inverter Market by Application
9.3.5.2 China Power Converter And Inverter Market
9.3.5.2.1 China Power Converter And Inverter Market by Type
9.3.5.2.2 China Power Converter And Inverter Market by Application
9.3.5.3 India Power Converter And Inverter Market
9.3.5.3.1 India Power Converter And Inverter Market by Type
9.3.5.3.2 India Power Converter And Inverter Market by Application
9.3.5.4 Japan Power Converter And Inverter Market
9.3.5.4.1 Japan Power Converter And Inverter Market by Type
9.3.5.4.2 Japan Power Converter And Inverter Market by Application
9.3.5.5 South Korea Power Converter And Inverter Market
9.3.5.5.1 South Korea Power Converter And Inverter Market by Type
9.3.5.5.2 South Korea Power Converter And Inverter Market by Application
9.3.5.6 Rest of Asia-Pacific Power Converter And Inverter Market
9.3.5.6.1 Rest of Asia-Pacific Power Converter And Inverter Market by Type
9.3.5.6.2 Rest of Asia-Pacific Power Converter And Inverter Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Power Converter And Inverter Market Overview
9.4.2 Middle East and Africa Power Converter And Inverter Market Forecasts and Analysis
9.4.3 Middle East and Africa Power Converter And Inverter Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa Power Converter And Inverter Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Power Converter And Inverter Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Power Converter And Inverter Market
9.4.5.1.1 South Africa Power Converter And Inverter Market by Type
9.4.5.1.2 South Africa Power Converter And Inverter Market by Application
9.4.5.2 Saudi Arabia Power Converter And Inverter Market
9.4.5.2.1 Saudi Arabia Power Converter And Inverter Market by Type
9.4.5.2.2 Saudi Arabia Power Converter And Inverter Market by Application
9.4.5.3 U.A.E Power Converter And Inverter Market
9.4.5.3.1 U.A.E Power Converter And Inverter Market by Type
9.4.5.3.2 U.A.E Power Converter And Inverter Market by Application
9.4.5.4 Rest of Middle East and Africa Power Converter And Inverter Market
9.4.5.4.1 Rest of Middle East and Africa Power Converter And Inverter Market by Type
9.4.5.4.2 Rest of Middle East and Africa Power Converter And Inverter Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Power Converter And Inverter Market Overview
9.5.2 South and Central America Power Converter And Inverter Market Forecasts and Analysis
9.5.3 South and Central America Power Converter And Inverter Market Forecasts and Analysis - By Type
9.5.4 South and Central America Power Converter And Inverter Market Forecasts and Analysis - By Application
9.5.5 South and Central America Power Converter And Inverter Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Power Converter And Inverter Market
9.5.5.1.1 Brazil Power Converter And Inverter Market by Type
9.5.5.1.2 Brazil Power Converter And Inverter Market by Application
9.5.5.2 Argentina Power Converter And Inverter Market
9.5.5.2.1 Argentina Power Converter And Inverter Market by Type
9.5.5.2.2 Argentina Power Converter And Inverter Market by Application
9.5.5.3 Rest of South and Central America Power Converter And Inverter Market
9.5.5.3.1 Rest of South and Central America Power Converter And Inverter Market by Type
9.5.5.3.2 Rest of South and Central America Power Converter And Inverter Market by Application
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. POWER CONVERTER AND INVERTER MARKET, KEY COMPANY PROFILES
11.1. BATTERY-BIZ, INC.
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. BESTEK
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. COBRA
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. COTEK ELECTRONIC COMPANY LTD
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. ENERGIZER
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. EXELTECH
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. NEWFOCUS OPTOELECTRONIC TECHNOLOGY (SHANGHAI) CO., LTD
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. SAMLEX EUROPE
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. SHENZHEN MEIND TECHNOLOGY CO., LTD.
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. STANLEY BLACK AND DECKER, INC.
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. Battery-Biz, Inc.
2. BESTEK
3. Cobra
4. COTEK Electronic Company Ltd
5. Energizer
6. EXELTECH
7. Newfocus Optoelectronic Technology (Shanghai) Co., Ltd
8. Samlex Europe
9. Shenzhen Meind Technology Co., LTD.
10. Stanley Black and Decker, Inc.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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