Summary

The global market for Inverter was estimated to be worth US$ 18470 million in 2024 and is forecast to a readjusted size of US$ 42630 million by 2031 with a CAGR of 12.7% during the forecast period 2025-2031.
A power inverter, or inverter, is an electronic device or circuitry that changes direct current (DC) to alternating current (AC). The input voltage, output voltage and frequency, and overall power handling depend on the design of the specific device or circuitry. The inverter does not produce any power; the power is provided by the DC source.
Market Trends and Growth
Global Demand: The global demand for inverters is driven by several factors, including the increasing adoption of renewable energy sources, the need for reliable backup power in critical infrastructure, and advancements in battery storage technologies.
Technological Innovations: The market is witnessing ongoing technological innovations, such as the development of more efficient and compact inverters, improved power quality, and integration with smart grid technologies.
Market Segmentation: The general inverter market can be segmented by power rating, application, and end-user industry. Different segments have unique growth drivers and challenges.
Key Players and Competitive Landscape
Leading Manufacturers: The market is dominated by several leading manufacturers, such as Schneider Electric, Emerson Electric, Eaton Corporation, ABB Ltd., Siemens AG, and General Electric (GE). These companies offer a wide range of inverter products tailored to different applications and industries.
Competitive Dynamics: The competitive landscape is characterized by ongoing product innovation, strategic partnerships, and mergers and acquisitions to expand geographical reach and product portfolios.
Regional Market Trends
Asia-Pacific: The Asia-Pacific region is a significant market for inverters, driven by rapid industrialization, urbanization, and the growing adoption of renewable energy sources. China and India are key markets in this region.
Europe and North America: These regions have mature markets with stable growth rates. The focus is on improving energy efficiency, integrating renewable energy sources into the grid, and ensuring grid reliability and resilience.
Latin America and the Middle East & Africa: These regions offer growth potential due to increasing infrastructure development, urbanization, and the need for reliable power sources.
Market Challenges and Opportunities
Challenges: The market faces challenges such as the high cost of inverters, particularly for high-power applications, and the need for ongoing maintenance and repair services. Additionally, regulatory and safety standards can vary by region, requiring manufacturers to adapt their products to meet local requirements.
Opportunities: The increasing adoption of renewable energy sources, the need for reliable backup power in critical infrastructure, and advancements in battery storage technologies present significant opportunities for growth in the inverter market.
Conclusion
The inverter market is a dynamic and growing industry, driven by the increasing adoption of renewable energy sources, the need for reliable backup power, and advancements in technology. Leading manufacturers are continuously innovating to meet the changing needs of their customers, while regional markets offer diverse growth opportunities. However, challenges such as high costs and regulatory requirements must be navigated to capitalize on these opportunities.
This report aims to provide a comprehensive presentation of the global market for Inverter, focusing on the total sales volume, sales revenue, price, key companies market share and ranking, together with an analysis of Inverter by region & country, by Type, and by Application.
The Inverter market size, estimations, and forecasts are provided in terms of sales volume (K Units) and sales revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. 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.
Market Segmentation
By Company
ABB
Siemens
Yaskawa Electric
Danfoss
Mitsubishi Electric
Schneider Electric
Fuji Electric
Rockwell Automation
Inovance Technology
Delta Electronics
INVT
VEICHI
Hiconics
Toshiba
TECO
Slanvert
Hitachi
Nidec
Wolong Holding
Segment by Type
Low Voltage Inverter
Medium Voltage Inverter
High Voltage Inverter
Segment by Application
Oil & Gas Industry
Chemical Industry
Power and Energy Industry
Mining Industry
Cement Industry
Metallurgical Industry
Other
By Region
North America
United States
Canada
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia-Pacific
Europe
Germany
France
U.K.
Italy
Netherlands
Nordic Countries
Rest of Europe
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
Chapter Outline
Chapter 1: Introduces the report scope of the report, global total market size (value, volume and price). This chapter also provides 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 2: Detailed analysis of Inverter manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: 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 4: 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 5: Sales, revenue of Inverter in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 6: Sales, revenue of Inverter in country level. It provides sigmate data by Type, and by Application for each country/region.
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: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.

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Table of Contents

1 Market Overview
1.1 Inverter Product Introduction
1.2 Global Inverter Market Size Forecast
1.2.1 Global Inverter Sales Value (2020-2031)
1.2.2 Global Inverter Sales Volume (2020-2031)
1.2.3 Global Inverter Sales Price (2020-2031)
1.3 Inverter Market Trends & Drivers
1.3.1 Inverter Industry Trends
1.3.2 Inverter Market Drivers & Opportunity
1.3.3 Inverter Market Challenges
1.3.4 Inverter Market Restraints
1.4 Assumptions and Limitations
1.5 Study Objectives
1.6 Years Considered
2 Competitive Analysis by Company
2.1 Global Inverter Players Revenue Ranking (2024)
2.2 Global Inverter Revenue by Company (2020-2025)
2.3 Global Inverter Players Sales Volume Ranking (2024)
2.4 Global Inverter Sales Volume by Company Players (2020-2025)
2.5 Global Inverter Average Price by Company (2020-2025)
2.6 Key Manufacturers Inverter Manufacturing Base and Headquarters
2.7 Key Manufacturers Inverter Product Offered
2.8 Key Manufacturers Time to Begin Mass Production of Inverter
2.9 Inverter Market Competitive Analysis
2.9.1 Inverter Market Concentration Rate (2020-2025)
2.9.2 Global 5 and 10 Largest Manufacturers by Inverter Revenue in 2024
2.9.3 Global Top Manufacturers by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Inverter as of 2024)
2.10 Mergers & Acquisitions, Expansion
3 Segmentation by Type
3.1 Introduction by Type
3.1.1 Low Voltage Inverter
3.1.2 Medium Voltage Inverter
3.1.3 High Voltage Inverter
3.2 Global Inverter Sales Value by Type
3.2.1 Global Inverter Sales Value by Type (2020 VS 2024 VS 2031)
3.2.2 Global Inverter Sales Value, by Type (2020-2031)
3.2.3 Global Inverter Sales Value, by Type (%) (2020-2031)
3.3 Global Inverter Sales Volume by Type
3.3.1 Global Inverter Sales Volume by Type (2020 VS 2024 VS 2031)
3.3.2 Global Inverter Sales Volume, by Type (2020-2031)
3.3.3 Global Inverter Sales Volume, by Type (%) (2020-2031)
3.4 Global Inverter Average Price by Type (2020-2031)
4 Segmentation by Application
4.1 Introduction by Application
4.1.1 Oil & Gas Industry
4.1.2 Chemical Industry
4.1.3 Power and Energy Industry
4.1.4 Mining Industry
4.1.5 Cement Industry
4.1.6 Metallurgical Industry
4.1.7 Other
4.2 Global Inverter Sales Value by Application
4.2.1 Global Inverter Sales Value by Application (2020 VS 2024 VS 2031)
4.2.2 Global Inverter Sales Value, by Application (2020-2031)
4.2.3 Global Inverter Sales Value, by Application (%) (2020-2031)
4.3 Global Inverter Sales Volume by Application
4.3.1 Global Inverter Sales Volume by Application (2020 VS 2024 VS 2031)
4.3.2 Global Inverter Sales Volume, by Application (2020-2031)
4.3.3 Global Inverter Sales Volume, by Application (%) (2020-2031)
4.4 Global Inverter Average Price by Application (2020-2031)
5 Segmentation by Region
5.1 Global Inverter Sales Value by Region
5.1.1 Global Inverter Sales Value by Region: 2020 VS 2024 VS 2031
5.1.2 Global Inverter Sales Value by Region (2020-2025)
5.1.3 Global Inverter Sales Value by Region (2026-2031)
5.1.4 Global Inverter Sales Value by Region (%), (2020-2031)
5.2 Global Inverter Sales Volume by Region
5.2.1 Global Inverter Sales Volume by Region: 2020 VS 2024 VS 2031
5.2.2 Global Inverter Sales Volume by Region (2020-2025)
5.2.3 Global Inverter Sales Volume by Region (2026-2031)
5.2.4 Global Inverter Sales Volume by Region (%), (2020-2031)
5.3 Global Inverter Average Price by Region (2020-2031)
5.4 North America
5.4.1 North America Inverter Sales Value, 2020-2031
5.4.2 North America Inverter Sales Value by Country (%), 2024 VS 2031
5.5 Europe
5.5.1 Europe Inverter Sales Value, 2020-2031
5.5.2 Europe Inverter Sales Value by Country (%), 2024 VS 2031
5.6 Asia Pacific
5.6.1 Asia Pacific Inverter Sales Value, 2020-2031
5.6.2 Asia Pacific Inverter Sales Value by Region (%), 2024 VS 2031
5.7 South America
5.7.1 South America Inverter Sales Value, 2020-2031
5.7.2 South America Inverter Sales Value by Country (%), 2024 VS 2031
5.8 Middle East & Africa
5.8.1 Middle East & Africa Inverter Sales Value, 2020-2031
5.8.2 Middle East & Africa Inverter Sales Value by Country (%), 2024 VS 2031
6 Segmentation by Key Countries/Regions
6.1 Key Countries/Regions Inverter Sales Value Growth Trends, 2020 VS 2024 VS 2031
6.2 Key Countries/Regions Inverter Sales Value and Sales Volume
6.2.1 Key Countries/Regions Inverter Sales Value, 2020-2031
6.2.2 Key Countries/Regions Inverter Sales Volume, 2020-2031
6.3 United States
6.3.1 United States Inverter Sales Value, 2020-2031
6.3.2 United States Inverter Sales Value by Type (%), 2024 VS 2031
6.3.3 United States Inverter Sales Value by Application, 2024 VS 2031
6.4 Europe
6.4.1 Europe Inverter Sales Value, 2020-2031
6.4.2 Europe Inverter Sales Value by Type (%), 2024 VS 2031
6.4.3 Europe Inverter Sales Value by Application, 2024 VS 2031
6.5 China
6.5.1 China Inverter Sales Value, 2020-2031
6.5.2 China Inverter Sales Value by Type (%), 2024 VS 2031
6.5.3 China Inverter Sales Value by Application, 2024 VS 2031
6.6 Japan
6.6.1 Japan Inverter Sales Value, 2020-2031
6.6.2 Japan Inverter Sales Value by Type (%), 2024 VS 2031
6.6.3 Japan Inverter Sales Value by Application, 2024 VS 2031
6.7 South Korea
6.7.1 South Korea Inverter Sales Value, 2020-2031
6.7.2 South Korea Inverter Sales Value by Type (%), 2024 VS 2031
6.7.3 South Korea Inverter Sales Value by Application, 2024 VS 2031
6.8 Southeast Asia
6.8.1 Southeast Asia Inverter Sales Value, 2020-2031
6.8.2 Southeast Asia Inverter Sales Value by Type (%), 2024 VS 2031
6.8.3 Southeast Asia Inverter Sales Value by Application, 2024 VS 2031
6.9 India
6.9.1 India Inverter Sales Value, 2020-2031
6.9.2 India Inverter Sales Value by Type (%), 2024 VS 2031
6.9.3 India Inverter Sales Value by Application, 2024 VS 2031
7 Company Profiles
7.1 ABB
7.1.1 ABB Company Information
7.1.2 ABB Introduction and Business Overview
7.1.3 ABB Inverter Sales, Revenue, Price and Gross Margin (2020-2025)
7.1.4 ABB Inverter Product Offerings
7.1.5 ABB Recent Development
7.2 Siemens
7.2.1 Siemens Company Information
7.2.2 Siemens Introduction and Business Overview
7.2.3 Siemens Inverter Sales, Revenue, Price and Gross Margin (2020-2025)
7.2.4 Siemens Inverter Product Offerings
7.2.5 Siemens Recent Development
7.3 Yaskawa Electric
7.3.1 Yaskawa Electric Company Information
7.3.2 Yaskawa Electric Introduction and Business Overview
7.3.3 Yaskawa Electric Inverter Sales, Revenue, Price and Gross Margin (2020-2025)
7.3.4 Yaskawa Electric Inverter Product Offerings
7.3.5 Yaskawa Electric Recent Development
7.4 Danfoss
7.4.1 Danfoss Company Information
7.4.2 Danfoss Introduction and Business Overview
7.4.3 Danfoss Inverter Sales, Revenue, Price and Gross Margin (2020-2025)
7.4.4 Danfoss Inverter Product Offerings
7.4.5 Danfoss Recent Development
7.5 Mitsubishi Electric
7.5.1 Mitsubishi Electric Company Information
7.5.2 Mitsubishi Electric Introduction and Business Overview
7.5.3 Mitsubishi Electric Inverter Sales, Revenue, Price and Gross Margin (2020-2025)
7.5.4 Mitsubishi Electric Inverter Product Offerings
7.5.5 Mitsubishi Electric Recent Development
7.6 Schneider Electric
7.6.1 Schneider Electric Company Information
7.6.2 Schneider Electric Introduction and Business Overview
7.6.3 Schneider Electric Inverter Sales, Revenue, Price and Gross Margin (2020-2025)
7.6.4 Schneider Electric Inverter Product Offerings
7.6.5 Schneider Electric Recent Development
7.7 Fuji Electric
7.7.1 Fuji Electric Company Information
7.7.2 Fuji Electric Introduction and Business Overview
7.7.3 Fuji Electric Inverter Sales, Revenue, Price and Gross Margin (2020-2025)
7.7.4 Fuji Electric Inverter Product Offerings
7.7.5 Fuji Electric Recent Development
7.8 Rockwell Automation
7.8.1 Rockwell Automation Company Information
7.8.2 Rockwell Automation Introduction and Business Overview
7.8.3 Rockwell Automation Inverter Sales, Revenue, Price and Gross Margin (2020-2025)
7.8.4 Rockwell Automation Inverter Product Offerings
7.8.5 Rockwell Automation Recent Development
7.9 Inovance Technology
7.9.1 Inovance Technology Company Information
7.9.2 Inovance Technology Introduction and Business Overview
7.9.3 Inovance Technology Inverter Sales, Revenue, Price and Gross Margin (2020-2025)
7.9.4 Inovance Technology Inverter Product Offerings
7.9.5 Inovance Technology Recent Development
7.10 Delta Electronics
7.10.1 Delta Electronics Company Information
7.10.2 Delta Electronics Introduction and Business Overview
7.10.3 Delta Electronics Inverter Sales, Revenue, Price and Gross Margin (2020-2025)
7.10.4 Delta Electronics Inverter Product Offerings
7.10.5 Delta Electronics Recent Development
7.11 INVT
7.11.1 INVT Company Information
7.11.2 INVT Introduction and Business Overview
7.11.3 INVT Inverter Sales, Revenue, Price and Gross Margin (2020-2025)
7.11.4 INVT Inverter Product Offerings
7.11.5 INVT Recent Development
7.12 VEICHI
7.12.1 VEICHI Company Information
7.12.2 VEICHI Introduction and Business Overview
7.12.3 VEICHI Inverter Sales, Revenue, Price and Gross Margin (2020-2025)
7.12.4 VEICHI Inverter Product Offerings
7.12.5 VEICHI Recent Development
7.13 Hiconics
7.13.1 Hiconics Company Information
7.13.2 Hiconics Introduction and Business Overview
7.13.3 Hiconics Inverter Sales, Revenue, Price and Gross Margin (2020-2025)
7.13.4 Hiconics Inverter Product Offerings
7.13.5 Hiconics Recent Development
7.14 Toshiba
7.14.1 Toshiba Company Information
7.14.2 Toshiba Introduction and Business Overview
7.14.3 Toshiba Inverter Sales, Revenue, Price and Gross Margin (2020-2025)
7.14.4 Toshiba Inverter Product Offerings
7.14.5 Toshiba Recent Development
7.15 TECO
7.15.1 TECO Company Information
7.15.2 TECO Introduction and Business Overview
7.15.3 TECO Inverter Sales, Revenue, Price and Gross Margin (2020-2025)
7.15.4 TECO Inverter Product Offerings
7.15.5 TECO Recent Development
7.16 Slanvert
7.16.1 Slanvert Company Information
7.16.2 Slanvert Introduction and Business Overview
7.16.3 Slanvert Inverter Sales, Revenue, Price and Gross Margin (2020-2025)
7.16.4 Slanvert Inverter Product Offerings
7.16.5 Slanvert Recent Development
7.17 Hitachi
7.17.1 Hitachi Company Information
7.17.2 Hitachi Introduction and Business Overview
7.17.3 Hitachi Inverter Sales, Revenue, Price and Gross Margin (2020-2025)
7.17.4 Hitachi Inverter Product Offerings
7.17.5 Hitachi Recent Development
7.18 Nidec
7.18.1 Nidec Company Information
7.18.2 Nidec Introduction and Business Overview
7.18.3 Nidec Inverter Sales, Revenue, Price and Gross Margin (2020-2025)
7.18.4 Nidec Inverter Product Offerings
7.18.5 Nidec Recent Development
7.19 Wolong Holding
7.19.1 Wolong Holding Company Information
7.19.2 Wolong Holding Introduction and Business Overview
7.19.3 Wolong Holding Inverter Sales, Revenue, Price and Gross Margin (2020-2025)
7.19.4 Wolong Holding Inverter Product Offerings
7.19.5 Wolong Holding Recent Development
8 Industry Chain Analysis
8.1 Inverter Industrial Chain
8.2 Inverter Upstream Analysis
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.2.3 Manufacturing Cost Structure
8.3 Midstream Analysis
8.4 Downstream Analysis (Customers Analysis)
8.5 Sales Model and Sales Channels
8.5.1 Inverter Sales Model
8.5.2 Sales Channel
8.5.3 Inverter Distributors
9 Research Findings and Conclusion
10 Appendix
10.1 Research Methodology
10.1.1 Methodology/Research Approach
10.1.1.1 Research Programs/Design
10.1.1.2 Market Size Estimation
10.1.1.3 Market Breakdown and Data Triangulation
10.1.2 Data Source
10.1.2.1 Secondary Sources
10.1.2.2 Primary Sources
10.2 Author Details
10.3 Disclaimer