Global Compact Inverter Technology Market

Global Compact Inverter Technology Market Size, Trends & Analysis - Forecasts To 2026 By Application (Residential, Commercial, Industrial), By Type (Fixed, Portable), By Phase (Single-Phase, Three-Phase), By Output Voltage (Up to 240 Volts, Above 240 Volts), By Region (North America, Europe, Asia Pacific, MEA, CSA); Vendor Landscape, End User Landscape and Company Market Share Analysis & Competitor Analysis

Category Electronics, Semiconductors and Information & Communication Technology

Format

This report was recently updated on October 23 2024 with the latest and most recent market numbers

Compact Inverter Technology Market: Insights

The global compact inverter technology market is expected to generate revenue amounting to USD 1.19 billion in 2020, and is projected to reach to USD 1.95 billion by 2026, growing at a CAGR of 8.56% over the forecast period. Growing demand for portable power storage devices in service vehicles, mobile offices, fieldwork/construction sites, and recreation vehicles are some of the major factors driving the market growth for compact inverter technology. Growing demand for emergency backup power products for electronic devices such as tablets, cell phones, handheld video games devices, and portable stereos are expected to propel the market growth during the forecast period. Rise in the number of residential construction activities across the globe is one of the major factor driving the market for compact inverter technology during the forecast period.

The increasing production of electric vehicles and bikes is also driving the market for compact inverter technology. The manufacturers are developing sustainable, cost-effective, and high-quality inverters is also expected to propel the market growth for compact inverter technology market during the forecast period. Growth in government incentive schemes activities across various regions including North America, Europe, Asia Pacific, and Central & South America is further projected to propel the market growth of compact inverter technology. However, product failures, recalls, and safety hazards associated with high voltage, are likely to hamper the market growth during the forecast period.

Compact Inverter Technology Market Size: By Segmentation

The global compact inverter technology market is segmented on the basis of output voltage into up to 240 Volts, and above 240 Volts. The above 240 volts’ segment is expected to hold the largest market share in the global compact inverter technology market during the forecast period. The rapid adoption of handheld and household devices in vehicles is driving the market growth for output voltage segment. Increasing focus on portable power sources for passengers and commercial vehicles is also propelling market growth for compact inverter technology.

On the basis of application, the global compact inverter technology market is segmented into residential, commercial, and industrial. The residential segment is expected to hold the largest market share during the forecast period. Rise in demand for compact inverter technology in residential applications, especially in portable stereos and lights/lamps, is likely to propel the demand for compact inverter technology. Growing number of residential construction in the Asia Pacific region is also driving the market growth for compact inverters. The commercial segment is expected to grow at a high CAGR in the global compact inverter technology during the forecast period. The increasing adoption of power storage solutions in passenger vehicles is driving the market for commercial segment.

On the basis of phase, the market is segmented into fixed and portable. The fixed segment is expected to hold the largest market share in the global compact inverter technology market during the forecast period. The fixed compact inverters can be installed in cars, trucks, and even recreational vehicles, and ideal for cross country professional drivers.

Compact Inverter Technology Market Size: By Region

On the basis of region, the market of compact inverter technology is segmented into North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa. The Asia Pacific region is expected to dominate the market and is also estimated to expand at a rapid pace during the forecast period. Rapid advancements in technology along with growing demand from automotive industry is driving the market growth in the region. Rise in the procurement of electric vehicles in the region is also driving the market growth in the region. Presence of leading electronics companies such as LG, Samsung, Lenovo, Panasonic and Sony among others is driving the market growth in the region.

Compact Inverter Technology Market Share & Competitor Analysis

Some of the key players operating in the compact inverter technology market include: Tripp Lite, Cobra Electronics, Toshiba Schneider Inverter Corporation, Eaton (Cooper Bussmann), Movek Group, OMRON Corporation, Growatt New Energy Technology Co. Ltd., Zucchetti Centro, Sistemi S.p.a, Hitachi, YASKAWA Europe GmbH, Mitsubishi Electric Corporation, Ring Automotive Limited, CE+T Power, Kisae Technology Inc., Xantrex LLC, Fuji Electric Corp., Panasonic Electric, Samlex America Inc., Wagan Tech, and PowerBright, among others.

Please note: This is not an exhaustive list of companies profiled in the report.

In August 2018, Cobra Electronics expanded its product lineup in China by introducing SPXc Series. The series contains 4 new models that offer the latest technology to satisfy the demands of the tech-savvy Chinese market.

In August 2018, Tripp Lite partnered with MAS Elektronik AG to distribute its product portfolio of enterprise, small business, and home computing solutions in Germany. The range of solutions includes micro data centers, UPS systems, compact inverter, PDUs, server racks, KVM switches, charging solutions, wall-mount, and mobile display mounts.

Check the Press Release on Global Compact Inverter Technology Market Report

Compact Inverter Technology Market: By Application

Introduction
1. Compact Inverter Technology Market, By Application, 2020-2026 (USD Million)
Residential
1. Residential: Compact Inverter Technology Market, 2020-2026 (USD Million)
Commercial
1. Commercial: Compact Inverter Technology Market, 2020-2026 (USD Million)
Industrial
1. Industrial: Compact Inverter Technology Market, 2020-2026 (USD Million)

Compact Inverter Technology Market: By Type

Introduction
1. Compact Inverter Technology Market, By Type, 2020-2026 (USD Million)
Fixed
1. Fixed: Compact Inverter Technology Market, 2020-2026 (USD Million)
Portable
1. Portable: Compact Inverter Technology Market, 2020-2026 (USD Million)

Compact Inverter Technology Market: By Phase

Introduction
1. Compact Inverter Technology Market, By Phase, 2020-2026 (USD Million)
Single-Phase
1. Single-Phase: Compact Inverter Technology Market, 2020-2026 (USD Million)
Three-Phase
1. Three-Phase: Compact Inverter Technology market, 2020-2026 (USD Million)

Compact Inverter Technology Market: By Output Voltage

Introduction
1. Compact Inverter Technology Market, By Output Voltage, 2020-2026 (USD Million)
Up to 240 Volts
1. Up to 240 Volts: Compact Inverter Technology Market, 2020-2026 (USD Million)
Above 240 Volts
1. Above 240 Volts: Compact Inverter Technology Market, 2020-2026 (USD Million)

Compact Inverter Technology Market: By Region

Introduction
1. Global Compact Inverter Technology Market, Regional Analysis, 2020-2026 (USD Million)
North America
1. North America Compact Inverter Technology Market, Regional Analysis, 2020-2026 (USD Million)
  1. By Application
    1. North America Compact Inverter Technology Market, By Application, 2020-2026 (USD Million)
  2. By Type
    1. North America Compact Inverter Technology Market, By Type, 2020-2026 (USD Million)
  3. By Phase
    1. North America Compact Inverter Technology Market, By Phase, 2020-2026 (USD Million)
  4. By Output Voltage
    1. North America Compact Inverter Technology Market, By Output Voltage, 2020-2026 (USD Million)
  5. By Country
    1. U.S
      1. By Application
        
        U.S Compact Inverter Technology Market, By Application, 2020-2026 (USD Million)
      2. By Type
        
        U.S Compact Inverter Technology Market, By Type, 2020-2026 (USD Million)
      3. By Phase
        
        U.S Compact Inverter Technology Market, By Phase, 2020-2026 (USD Million)
      4. By Output Voltage
        
        U.S Compact Inverter Technology Market, By Output Voltage, 2020-2026 (USD Million)
    2. Canada.
      1. By Application
        
        Canada Compact Inverter Technology Market, By Application, 2020-2026 (USD Million)
      2. By Type
        
        Canada Compact Inverter Technology Market, By Type, 2020-2026 (USD Million)
      3. By Phase
        
        Canada Compact Inverter Technology Market, By Phase, 2020-2026 (USD Million)
      4. By Output Voltage
        
        Canada Compact Inverter Technology Market, By Output Voltage, 2020-2026 (USD Million)
    3. Mexico
      1. By Application
        
        Mexico Compact Inverter Technology Market, By Application, 2020-2026 (USD Million)
      2. By Type
        
        Mexico Compact Inverter Technology Market, By Type, 2020-2026 (USD Million)
      3. By Phase
        
        Mexico Compact Inverter Technology Market, By Phase, 2020-2026 (USD Million)
      4. By Output Voltage
        
        Mexico Compact Inverter Technology Market, By Output Voltage, 2020-2026 (USD Million)
Europe
1. Europe Compact Inverter Technology Market, Regional Analysis, 2020-2026 (USD Million)
  1. By Application
    1. Europe Compact Inverter Technology Market, By Application, 2020-2026 (USD Million)
  2. By Type
    1. Europe Compact Inverter Technology Market, By Type, 2020-2026 (USD Million)
  3. By Phase
    1. Europe Compact Inverter Technology Market, By Phase, 2020-2026 (USD Million)
  4. By Output Voltage
    1. Europe Compact Inverter Technology Market, By Output Voltage, 2020-2026 (USD Million)
  5. By Country
    1. Germany
      1. By Application
        
        Germany Compact Inverter Technology Market, By Application, 2020-2026 (USD Million)
      2. By Type
        
        Germany Compact Inverter Technology Market, By Type, 2020-2026 (USD Million)
      3. By Phase
        
        Germany Compact Inverter Technology Market, By Phase, 2020-2026 (USD Million)
      4. By Output Voltage
        
        Germany Compact Inverter Technology Market, By Output Voltage, 2020-2026 (USD Million)
    2. UK
      1. By Application
        
        UK Compact Inverter Technology Market, By Application, 2020-2026 (USD Million)
      2. By Type
        
        UK Compact Inverter Technology Market, By Type, 2020-2026 (USD Million)
      3. By Phase
        
        UK Compact Inverter Technology Market, By Phase, 2020-2026 (USD Million)
      4. By Output Voltage
        
        UK Compact Inverter Technology Market, By Output Voltage, 2020-2026 (USD Million)
    3. France
      1. By Application
        
        France Compact Inverter Technology Market, By Application, 2020-2026 (USD Million)
      2. By Type
        
        France Compact Inverter Technology Market, By Type, 2020-2026 (USD Million)
      3. By Phase
        
        France Compact Inverter Technology Market, By Phase, 2020-2026 (USD Million)
      4. By Output Voltage
        
        France Compact Inverter Technology Market, By Output Voltage, 2020-2026 (USD Million)
    4. Italy
      1. By Application
        
        Italy Compact Inverter Technology Market, By Application, 2020-2026 (USD Million)
      2. By Type
        
        Italy Compact Inverter Technology Market, By Type, 2020-2026 (USD Million)
      3. By Phase
        
        Italy Compact Inverter Technology Market, By Phase, 2020-2026 (USD Million)
      4. By Output Voltage
        
        Italy Compact Inverter Technology Market, By Output Voltage, 2020-2026 (USD Million)
    5. Rest Of Europe
      1. By Application
        
        Rest Of Europe Compact Inverter Technology Market, By Application, 2020-2026 (USD Million)
      2. By Type
        
        Rest Of Europe Compact Inverter Technology Market, By Type, 2020-2026 (USD Million)
      3. By Phase
        
        Rest Of Europe Compact Inverter Technology Market, By Phase, 2020-2026 (USD Million)
      4. By Output Voltage
        
        Rest Of Europe Compact Inverter Technology Market, By Output Voltage, 2020-2026 (USD Million)
Asia Pacific
1. Asia Pacific Compact Inverter Technology Market, Regional Analysis, 2020-2026 (USD Million)
  1. By Application
    1. Asia Pacific Compact Inverter Technology Market, By Application, 2020-2026 (USD Million)
  2. By Type
    1. Asia Pacific Compact Inverter Technology Market, By Type, 2020-2026 (USD Million)
  3. By Phase
    1. Asia Pacific Compact Inverter Technology Market, By Phase, 2020-2026 (USD Million)
  4. By Output Voltage
    1. Asia Pacific Compact Inverter Technology Market, By Output Voltage, 2020-2026 (USD Million)
  5. By Country
    1. China
      1. By Application
        
        China Compact Inverter Technology Market, By Application, 2020-2026 (USD Million)
      2. By Type
        
        China Compact Inverter Technology Market, By Type, 2020-2026 (USD Million)
      3. By Phase
        
        China Compact Inverter Technology Market, By Phase, 2020-2026 (USD Million)
      4. By Output Voltage
        
        China Compact Inverter Technology Market, By Output Voltage, 2020-2026 (USD Million)
    2. Japan
      1. By Application
        
        Japan Compact Inverter Technology Market, By Application, 2020-2026 (USD Million)
      2. By Type
        
        Japan Compact Inverter Technology Market, By Type, 2020-2026 (USD Million)
      3. By Phase
        
        Japan Compact Inverter Technology Market, By Phase, 2020-2026 (USD Million)
      4. By Output Voltage
        
        Japan Compact Inverter Technology Market, By Output Voltage, 2020-2026 (USD Million)
    3. India
      1. By Application
        
        India Compact Inverter Technology Market, By Application, 2020-2026 (USD Million)
      2. By Type
        
        India Compact Inverter Technology Market, By Type, 2020-2026 (USD Million)
      3. By Phase
        
        India Compact Inverter Technology Market, By Phase, 2020-2026 (USD Million)
      4. By Output Voltage
        
        India Compact Inverter Technology Market, By Output Voltage, 2020-2026 (USD Million)
    4. South Korea
      1. By Application
        
        South Korea Compact Inverter Technology Market, By Application, 2020-2026 (USD Million)
      2. By Type
        
        South Korea Compact Inverter Technology Market, By Type, 2020-2026 (USD Million)
      3. By Phase
        
        South Korea Compact Inverter Technology Market, By Phase, 2020-2026 (USD Million)
      4. By Output Voltage
        
        South Korea Compact Inverter Technology Market, By Output Voltage, 2020-2026 (USD Million)
Central & South America
1. Central & South America Compact Inverter Technology Market, Regional Analysis, 2020-2026 (USD Million)
  1. By Application
    1. Central & South America Compact Inverter Technology Market, By Application, 2020-2026 (USD Million)
  2. By Type
    1. Central & South America Compact Inverter Technology Market, By Type, 2020-2026 (USD Million)
  3. By Phase
    1. Central & South America Compact Inverter Technology Market, By Phase, 2020-2026 (USD Million)
  4. By Output Voltage
    1. Central & South America Compact Inverter Technology Market, By Output Voltage, 2020-2026 (USD Million)
  5. By Country
    1. Brazil
      1. By Application
        
        Brazil Compact Inverter Technology Market, By Application, 2020-2026 (USD Million)
      2. By Type
        
        Brazil Compact Inverter Technology Market, By Type, 2020-2026 (USD Million)
      3. By Phase
        
        Brazil Compact Inverter Technology Market, By Phase, 2020-2026 (USD Million)
      4. By Output Voltage
        
        Brazil Compact Inverter Technology Market, By Output Voltage, 2020-2026 (USD Million)
Middle East & Africa
1. Middle East & Africa Compact Inverter Technology Market, Regional Analysis, 2020-2026 (USD Million)
  1. By Application
    1. Middle East & Africa Compact Inverter Technology Market, By Application, 2020-2026 (USD Million)
  2. By Type
    1. Middle East & Africa Compact Inverter Technology Market, By Type, 2020-2026 (USD Million)
  3. By Phase
    1. Middle East & Africa Compact Inverter Technology Market, By Phase, 2020-2026 (USD Million)
  4. By Output Voltage
    1. Middle East & Africa Compact Inverter Technology Market, By Output Voltage, 2020-2026 (USD Million)
  5. By Country
    1. Saudi Arabia
      1. By Application
        
        Saudi Arabia Compact Inverter Technology Market, By Application, 2020-2026 (USD Million)
      2. By Type
        
        Saudi Arabia Compact Inverter Technology Market, By Type, 2020-2026 (USD Million)
      3. By Phase
        
        Saudi Arabia Compact Inverter Technology Market, By Phase, 2020-2026 (USD Million)
      4. By Output Voltage
        
        Saudi Arabia Compact Inverter Technology Market, By Output Voltage, 2020-2026 (USD Million)
    2. UAE
      1. By Application
        
        UAE Compact Inverter Technology Market, By Application, 2020-2026 (USD Million)
      2. By Type
        
        UAE Compact Inverter Technology Market, By Type, 2020-2026 (USD Million)
      3. By Phase
        
        UAE Compact Inverter Technology Market, By Phase, 2020-2026 (USD Million)
      4. By Output Voltage
        
        UAE Compact Inverter Technology Market, By Output Voltage, 2020-2026 (USD Million)

The global Compact Inverter Technology Market has been studied from the year 2017 till 2026. However, the CAGR provided in the report is from the year 2018 to 2026. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.

The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply side analysis for the Compact Inverter Technology Market.

Compact Inverter Technology Market

The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.

Compact Inverter Technology Market

Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the companies and customer analytics.

Compact Inverter Technology Market