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Power Inverter Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024

Power inverter is a device that converts direct current (DC) from a battery, solar panel or fuel cell into the conventional alternating current (AC). This alternating current is used to run and operate numerous types of household appliances and lights. As power inverter is a reliable and economic alternate source of electricity, it currently has a diverse range of applications. IMARC Group’s latest report titled, “Power Inverter Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024, finds that the global power inverter market reached a value of US$ 66.6 Billion in 2018, growing at a CAGR of 6.4% during 2011-2018.

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. Further, the market is also being stimulated by technological innovations which have resulted in portable power inverters that can be used to charge mobile phones and tablets while travelling. According to the report, the market is further expected to reach a value of US$ 93.7 Billion by 2024.

The report has segmented the 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. The report has further analysed the competitive landscape of the market and provides the profiles of the key players operating in it. Some of the major players include SMA Solar Technology, Omron, ABB, Tabuchi and TMEIC.

This report provides a deep insight into the global power inverter industry covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. The report also provides a comprehensive analysis for setting up a power inverter manufacturing plant. The study analyses the processing and manufacturing requirements, project cost, project funding, project economics, expected returns on investment, profit margins, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the global power inverter industry in any manner.

Key Questions Answered in This Report:

  • How has the global power inverter market performed so far and how will it perform in the coming years?
  • What are the key regions in the global power inverter market?
  • What are the key applications in the global power inverter market?
  • What are the key product types in the global power inverter market?
  • What are the various stages in the value chain of the global power inverter industry?
  • What are the key driving factors and challenges in the global power inverter industry?
  • What is the structure of the global power inverter industry and who are the key players?
  • What is the degree of competition in the global power inverter industry?
  • What are the profit margins in the global power inverter industry?
  • What are the key requirements for setting up a global power inverter manufacturing plant?
  • How is power inverter manufactured?
  • What are the various unit operations involved in a power inverter manufacturing plant?
  • What is the total size of land required for setting up a power inverter manufacturing plant?
  • What are the machinery requirements for setting up a power inverter manufacturing plant?
  • What are the raw material requirements for setting up a power inverter manufacturing plant?
  • What are the packaging requirements for power inverter?
  • What are the transportation requirements for power inverter?
  • What are the utility requirements for setting up a power inverter manufacturing plant?
  • What are the manpower requirements for setting up a power inverter manufacturing plant?
  • What are the infrastructure costs for setting up a power inverter manufacturing plant?
  • What are the capital costs for setting up a power inverter manufacturing plant?
  • What are the operating costs for setting up a power inverter manufacturing plant?
  • What will be the income and expenditures for a power inverter manufacturing plant?
  • What is the time required to break-even?

1    Preface
2    Scope and Methodology

    2.1     Objectives of the study
    2.2     Stakeholders
    2.3     Data Sources
        2.3.1     Primary Sources
        2.3.2     Secondary Sources
    2.4     Market Estimation
        2.4.1     Bottom-Up Approach
        2.4.2     Top-Down Approach
    2.5     Forecasting Methodology
3    Executive Summary
4    Introduction

    4.1    Overview
    4.2    Key Industry Trends
5    Global Power Inverter Market
    5.1    Market Overview
    5.2    Market Performance
       5.2.1    Volume Trends
       5.2.2    Value Trends
    5.3    Price Analysis
        5.3.1    Key Price Indicators
        5.3.2    Price Structure
        5.3.3    Margin Analysis
    5.4    Market Breakup by Region
    5.5    Market Breakup by Type
    5.6    Market Breakup by Application
    5.7    Market Forecast
    5.8    SWOT Analysis
        5.8.1    Overview
        5.8.2    Strengths
        5.8.3    Weaknesses
        5.8.4    Opportunities
        5.8.5    Threats
   5.9    Value Chain Analysis
        5.9.1    Overview
        5.9.2    Research and Development
        5.9.3    Raw Material Procurement
        5.9.4    Manufacturing
        5.9.5    Marketing
        5.9.6    Distribution
        5.9.7    End-Use
    5.10    Porters Five Forces Analysis
        5.10.1    Overview
        5.10.2    Bargaining Power of Buyers
        5.10.3    Bargaining Power of Suppliers
        5.10.4    Degree of Rivalry
        5.10.5    Threat of New Entrants
        5.10.6    Threat of Substitutes
    5.11    Key Market Drivers and Challenges
6    Market by Key Regions
    6.1        Asia Pacific
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2        Europe
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3        North America
        6.3.1 Market Trends
        6.3.2 Market Forecast
    6.4        Latin America
        6.4.1 Market Trends
        6.4.2 Market Forecast
    6.5        Middle East and Africa
        6.5.1 Market Trends
        6.5.2 Market Forecast
7    Market Breakup by Type
    7.1        <5KW
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2        5KW to 95KW
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3        100KW to 495KW
        7.3.1 Market Trends
        7.3.2 Market Forecast
    7.4        Above 500KW 
        7.4.1 Market Trends
        7.4.2 Market Forecast
8    Market Breakup by Application
    8.1        Motor Drives
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2        UPS
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3        Rail Traction
        8.3.1 Market Trends
        8.3.2 Market Forecast
    8.4        Wind Turbines    
        8.4.1 Market Trends
        8.4.2 Market Forecast
    8.5        EVs/HEVs
        8.5.1 Market Trends
        8.5.2 Market Forecast
    8.6        Solar PVs
        8.6.1 Market Trends
        8.6.2 Market Forecast
    8.7        Others
        8.7.1 Market Trends
        8.7.2 Market Forecast
9        Competitive Landscape
    9.1        Competitive Structure
    9.2        Key Players
10    Power Inverter Manufacturing Process
    10.1       Product Overview
    10.2       Detailed Process Flow
    10.3       Various Types of Units Operations Involved
    10.4       Mass Balance and Raw Material Requirements
11     Project Details, Requirements and Costs Involved
    11.1    Land Requirements and Expenditures
    11.2    Construction Requirements and Expenditures
    11.3    Plant Machinery
    11.4    Machinery Pictures
    11.5    Raw Material Requirements and Expenditures
    11.6    Raw Material Pictures
    11.7    Packaging Requirements and Expenditures
    11.8    Transportation Requirements and Expenditures
    11.9    Utility Requirements and Expenditures
    11.10    Manpower Requirements and Expenditures
    11.11    Other Capital Investments
12    Loans and Financial Assistance
13    Project Economics

    13.1    Capital Cost of the Project
    13.2    Techno-Economic Parameters
    13.3    Product Pricing and Margins Across Various Levels of the Supply Chain
    13.4    Income Projections
    13.5    Expenditure Projections
    13.6    Taxation and Depreciation
    13.7    Financial Analysis
    13.8    Profit Analysis
14    Key Player Profiles

List of Figures

Figure 1: Power Inverter Industry: Major Drivers and Challenges
Figure 2: Global: Power Inverter Market: Sales Volume Trend (in GW), 2011-2018
Figure 3: Global: Power Inverter Market: Sales Value Trend (in Billion US$), 2011-2018
Figure 4: Power Inverter Market: Price Structure (US$/MW)
Figure 4: Global: Power Inverter Market: Production Breakup by Region (in %), 2018
Figure 5: Global: Power Inverter Market: Breakup by Type (in %), 2018
Figure 6: Global: Power Inverter Market: Breakup by Application (in %), 2018
Figure 7: Global: Power Inverter Market Forecast: Sales Volume (in GW), 2019-2024
Figure 8: Global: Power Inverter Market Forecast: Sales Value (in Billion US$), 2019-2024
Figure 9: Global: Power Inverter Industry: SWOT Analysis
Figure 10: Global: Power Inverter Industry: Value Chain Analysis 
Figure 11: Global: Power Inverter Industry: Porter’s Five Forces Analysis
Figure 12: Asia Pacific: Power Inverter Market: Sales Value (in Million US$), 2011 & 2018
Figure 13: Asia Pacific: Power Inverter Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 14: Europe: Power Inverter Market: Sales Value (in Million US$), 2011 & 2018
Figure 15: Europe: Power Inverter Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 16: North America: Power Inverter Market: Sales Value (in Million US$), 2011 & 2018
Figure 17: North America: Power Inverter Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 18: Latin America: Power Inverter Market: Sales Value (in Million US$), 2011 & 2018
Figure 19: Latin America: Power Inverter Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 20: Middle East and Africa: Power Inverter Market: Sales Value (in Million US$), 2011 & 2018
Figure 21: Middle East and Africa: Power Inverter Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 22: Global: Power Inverter Market (<5KW): Sales Value (in Million US$), 2011 & 2018
Figure 23: Global: Power Inverter Market Forecast (<5KW): Sales Value (in Million US$), 2019-2024
Figure 24: Global: Power Inverter Market (5KW to 95KW): Sales Value (in Million US$), 2011 & 2018
Figure 25: Global: Power Inverter Market Forecast (5KW to 95KW): Sales Value (in Million US$), 2019-2024
Figure 26: Global: Power Inverter Market (100KW to 495KW): Sales Value (in Million US$), 2011 & 2018
Figure 27: Global: Power Inverter Market Forecast (100KW to 495KW): Sales Value (in Million US$), 2019-2024
Figure 28: Global: Power Inverter Market (Above 500KW): Sales Value (in Million US$), 2011 & 2018
Figure 29: Global: Power Inverter Market Forecast (Above 500KW): Sales Value (in Million US$), 2019-2024
Figure 30: Global: Power Inverter Market (in Motor Drives): Sales Value (in Million US$), 2011 & 2018
Figure 31: Global: Power Inverter Market Forecast (in Motor Drives): Sales Value (in Million US$), 2019-2024
Figure 32: Global: Power Inverter Market (in UPS): Sales Value (in Million US$), 2011 & 2018
Figure 33: Global: Power Inverter Market Forecast (in UPS): Sales Value (in Million US$), 2019-2024
Figure 34: Global: Power Inverter Market (in Rail Traction): Sales Value (in Million US$), 2011 & 2018
Figure 35: Global: Power Inverter Market Forecast (in Rail Traction): Sales Value (in Million US$), 2019-2024
Figure 36: Global: Power Inverter Market (in Wind Turbines): Sales Value (in Million US$), 2011 & 2018
Figure 37: Global: Power Inverter Market Forecast (in Wind Turbines): Sales Value (in Million US$), 2019-2024
Figure 38: Global: Power Inverter Market (in EVs/HEVs): Sales Value (in Million US$), 2011 & 2018
Figure 39: Global: Power Inverter Market Forecast (in EVs/HEVs): Sales Value (in Million US$), 2019-2024
Figure 40: Global: Power Inverter Market (in Solar PVs): Sales Value (in Million US$), 2011 & 2018
Figure 41: Global: Power Inverter Market Forecast (in Solar PVs): Sales Value (in Million US$), 2019-2024
Figure 42: Global: Power Inverter Market (Other Applications): Sales Value (in Million US$), 2011 & 2018
Figure 43: Global: Power Inverter Market Forecast (Other Applications): Sales Value (in Million US$), 2019-2024
Figure 44: Power Inverter Manufacturing: Detailed Process Flow
Figure 45: Power Inverter Manufacturing: Conversion Rate of Feedstocks
Figure 46: Power Inverter Manufacturing Plant: Breakup of Capital Costs (in %)
Figure 47: Power Inverter Industry: Margins Across Various Stages of the Supply Chain
Figure 48: Power Inverter Production: Manufacturing Cost Breakup (in %)

List of Tables

Table 1: Global: Power Inverter Industry: Key Industry Highlights, 2018 and 2024
Table 2: Global: Power Inverter Market Forecast: Breakup by Region (in Million US$), 2019-2024
Table 3: Global: Power Inverter Market Forecast: Breakup by Type (in Million US$), 2019-2024
Table 4: Global: Power Inverter Market Forecast: Breakup by Application (in Million US$), 2019-2024
Table 5: Global: Power Inverter Market: Competitive Structure 
Table 6: Global: Power Inverter Market: Key Manufacturers
Table 7: Power Inverter Manufacturing Plant: Raw Material Requirements (in Units/Day) 
Table 8: Power Inverter Manufacturing Plant: Costs Related to Land and Site Development (in US$)
Table 9: Power Inverter Manufacturing Plant: Costs Related to Civil Works (in US$)
Table 10: Power Inverter Manufacturing Plant: Machinery Costs (in US$)
Table 11: Power Inverter Manufacturing Plant: Raw Material Requirements (in Units/Day) and Expenditures (US$/Unit)
Table 12: Power Inverter Manufacturing Plant: Costs Related to Utilities
Table 13: Power Inverter Manufacturing Plant: Costs Related to Salaries and Wages (in US$)
Table 14: Power Inverter Manufacturing Plant: Costs Related to Other Capital Investments (in US$)
Table 15: Details of Financial Assistance Offered by Financial Institutions
Table 16: Power Inverter Manufacturing Plant: Capital Costs (in US$)
Table 17: Power Inverter Manufacturing Plant: Techno-Economic Parameters
Table 18: Power Inverter Manufacturing Plant: Income Projections (in US$)
Table 19: Power Inverter Manufacturing Plant: Expenditure Projections (in US$)
Table 20: Power Inverter Manufacturing Plant: Taxation (in US$)
Table 21: Power Inverter Manufacturing Plant: Depreciation (in US$)
Table 22: Power Inverter Manufacturing Plant: Cash Flow Analysis Without Considering the Income Tax Liability (in US$)
Table 23: Power Inverter Manufacturing Plant: Cash Flow Analysis on Considering the Income Tax Liability (in US$)
Table 24: Power Inverter Manufacturing Plant: Profit and Loss Account (in US$)

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