Portable Power Inverter Market Scope And Analysis

Report Code : TIPRE00028033
Category : Electronics and Semiconductor

Status : Published
No. of Pages : 165

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Portable Power Inverter Market Scope and Analysis Report by 2028

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Portable Power Inverter Market Report Scope

Report Attribute	Details
Market size in 2021	US$ 1.36 Billion
Market Size by 2028	US$ 2.21 Billion
Global CAGR (2021 - 2028)	7.2%
Historical Data	2019-2020
Forecast period	2022-2028
Segments Covered	By Phase Single-Phase and Three-Phase By Output Voltage Upto 240 Volts and Above 240 Volts By Application Residential Industrial Commercial By Power 1000W to 2500W and 2500W to 5000W
Regions and Countries Covered	North America US Canada Mexico Europe UK Germany France Russia Italy Rest of Europe Asia-Pacific China India Japan Australia Rest of Asia-Pacific South and Central America Brazil Argentina Rest of South and Central America Middle East and Africa South Africa Saudi Arabia UAE Rest of Middle East and Africa
Market leaders and key company profiles	Cobra Electronics Corporation ENERGIZER HOLDINGS INC Kisae Technology Inc COTEK Rally Manufacturing EXELTECH OSRAM GmbH Ring Automotive Ltd Growatt New Energy

Application-Based Market Insights

Based on application, the portable power inverter market is segmented into residential, commercial, and industrial. In 2021, the residential segment accounted for the largest market share. With the increasing adoption of solar PVs by residential users, companies are offering inverters with advanced capabilities. For instance, in May 2020, Huawei Technologies Co., Ltd. announced the launch of Smart Energy Controllers, a one-phase and a three-phased inverter with AI-powered arcing protection technology for residential applications.

The players operating in the portable power inverter market adopt strategies, such as mergers, acquisitions, and market initiatives, to maintain their positions in the market. A few developments by key players are listed below:

In September 2020, Ring announced that two of its products were awarded in the inverter test in the latest edition of Auto Express. The RINVU300 PowerSource 300W Compact Inverter won the Best Buy award and retained its crown, with the RINVU500 PowerSource 500W Compact Inverter getting a recommendation.

In January 2022, Eaton and Samsung are accelerating the opportunity with a new partnership to extend the home energy management and monitoring capabilities of Samsung's SmartThings Energy platform.

Company Profiles

The key players operating in the portable power inverter market include; Cobra Electronics Corporation; ENERGIZER HOLDINGS, INC.; Kisae Technology Inc.; COTEK; Rally Manufacturing; EXELTECH; OSRAM GmbH; Ring Automotive Ltd.; Growatt New Energy; and Eaton. Several other players across geographies were also studied to understand the overall scenario of the portable power inverter market.