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Global Power Inverter Market Trends, Share, Size, Growth, Opportunity and Forecast 2017-2022 - ResearchAndMarkets.com

[April 23, 2018]

Global Power Inverter Market Trends, Share, Size, Growth, Opportunity and Forecast 2017-2022 - ResearchAndMarkets.com

The "Power Inverter Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2017-2022" report has been added to ResearchAndMarkets.com's offering.

The global power inverter market reached a value of US$ 60 Billion in 2016, growing at a CAGR of 7% during 2009-2016.

The market is currently being driven by a number of favourable factors. Increasing urbanization and electrification rates have led to an increase in the demand for power inverters which are used as an alternate backup power solution in case of emergencies. As a large part of the population is highly dependent upon electronic gadgets and appliances such as laptops, television sets, refrigerators and air conditioners, the need for an uninterrupted power supply has resulted in the growth of the market.

The report has segmented te global power inverter market on the basis of type covering < 5KW, 5-95 KW, 100-495 KW and >500 KW. On the basis of application, the report includes motor drives, UPS, rail traction, wind turbines, EVs/HEVs and solar PVs. Among these, motor drives account for the majority of the market share. Based on region, the report has segmented the market as Asia-Pacific, Europe, North America, Latin America, and Middle East and Africa. Currently, Asia-Pacific represents the largest market for power inverters.

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