Power Inverter Market 2019-2024
A power inverter, or inverter, is an electronic device or circuitry that changes direct current DC to alternating current AC. This Report is aimed at the portable power inverter market.
The Power Inverter consumption volume was 3129.4 K Units in 2016 and is expected to reach 3347.8 K Units in 2017 and 4681.9 K Units in 2022, growing at a CAGR of 6.94% from 2017 to 2022. North America`s sales volume accounted for the highest market share of 33.77% in 2016, followed by Europe and China.
At present, the manufactures of Power Inverter are concentrated in North America, Europe, China and Asia excluding China. China is the largest production area in the world, which occupied about 56% production share in 2016. The global leading players in this market are Bestek, NFA, Cobra, Kisae Technology, Rally, etc
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The Power Inverter is mainly used by Car Appliances and Outdoor Application. The dominated application of Power Inverter is Car Appliances.
Despite the presence of competition problems, due to the increasing demand of leading-edge, effective, and convenient products, investors are still optimistic about this area, the future will still have more new investment enter the field. In the next five years, the consumption volume will keep increasing, as well as the consumption value.
According to this study, over the next five years, the Power Inverter market will register a 4.9% CAGR in terms of revenue, the global market size will reach US$ 230 million by 2024, from US$ 170 million in 2019. In particular, this report presents the global market share sales and revenue of key companies in the Power Inverter business, shared in Chapter 3.
This report presents a comprehensive overview, market shares, and growth opportunities of Power Inverter market by product type, application, key manufacturers and key regions and countries.
This study considers the Power Inverter value and volume generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
48V and above
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Middle East & Africa
The key manufacturers covered in this report: Breakdown data in Chapter 3.
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In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
To study and analyze the global Power Inverter consumption value & volume by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Power Inverter market by identifying its various sub-segments.
Focuses on the key global Power Inverter manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis, and development plans in the next few years.
To analyze the Power Inverter with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market growth potential, opportunities, drivers, industry-specific challenges and risks.
To project the consumption of Power Inverter submarkets, with respect to key regions along with their respective key countries.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
Table of Content Covers the Topics mentioned below
2019-2024 Global Power Inverter Consumption Market Report
1 Scope of the Report
2 Executive Summary
3 Global Power Inverter by Players
4 Power Inverter by Regions
5 Americas Market
6 APAC Market
7 Europe Market
8 Middle East & Africa Market
9 Market Drivers, Challenges and Trends
10 Marketing, Distributors, and Customer
11 Global Power Inverter Market Forecast
12 Key Players Analysis
13 Research Findings and Conclusion
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Name: Jennifer Daniel
Organization: Planet Market Reports