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New Analysis from Global Industry Analysts Reveals Robust Growth for Inverters, with the Market to Reach $28.3 Billion Worldwide by 2026
[September 23, 2021]

New Analysis from Global Industry Analysts Reveals Robust Growth for Inverters, with the Market to Reach $28.3 Billion Worldwide by 2026


SAN FRANCISCO, Sept. 23, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Inverters - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.

FACTS AT A GLANCE
Edition: 6; Released: April 2021
Executive Pool: 1012
Companies: 92 - Players covered include ABB; Altenergy Power System; Bestek; Continental; Darfon Electronics; Delphi Technologies; Delta Electronics; Enphase Energy; Fimer; Fronius International; General Electric; Goodwe; Growatt New Energy; Huawei Technologies; Kaco New Energy; Power Electronics; Samlex Europe; Schneider Electric; Sensata Technologies; SMA Solar Technology; Solaredge Technologies; Sungrow Power Supply; Tbea Xinjiang Sunoasis; Toshiba Mitsubishi-Electric Industrial Systems Corporation; Yaskawa Solectria Solar and Others.
Coverage: All major geographies and key segments
Segments: Power Output (Below 10 kW, 10-50 kW, 50-100 kW, Above 100 kW); End-Use (Residential, Commercial, Automotive, PV Plants)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

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ABSTRACT-

Global Inverters Market to Reach $28.3 Billion by 2026
Amid the COVID-19 crisis, the global market for Inverters estimated at US$12.5 Billion in the year 2020, is projected to reach a revised size of US$28.3 Billion by 2026, growing at a CAGR of 14.4% over the analysis period. Below 10 kW, one of the segments analyzed in the report, is projected to record a 13.5% CAGR and reach US$12.8 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the 10-50 kW segment is readjusted to a revised 14.3% CAGR for the next 7-year period.


The U.S. Market is Estimated at $3.9 Billion in 2021, While China is Forecast to Reach $6.1 Billion by 2026
The Inverters market in the U.S. is estimated at US$3.9 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$6.1 Billion by the year 2026 trailing a CAGR of 18.5% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 10.3% and 12.6% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 11.3% CAGR.

50-100 kW Segment to Reach US$4.4 Billion by the year 2026
In the global 50-100 kW segment, USA, Canada, Japan, China and Europe will drive the 14.4% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$1.4 Billion in the year 2020 will reach a projected size of US$3.6 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. More

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About Global Industry Analysts, Inc. & StrategyR
Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.

CONTACTS:
Zak Ali
Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966
www.StrategyR.com
Email: [email protected]

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SOURCE Global Industry Analysts, Inc.


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