Converters and inverters are electrical devices that convert current. Converters convert the voltage of an electric device, usually alternating current (AC) to direct current (DC). On the other hand, inverters convert direct current (DC) to alternating current (AC).
In the coming years there is an increasing demand for Power Converter/Inverter in the regions of North America and Europe that is expected to drive the market for more advanced Power Converter/Inverter. Increasing of metalworking field expenditures, more-intense competition, launches in introducing new products, increasing of spending on nonclinical field industry, retrofitting and renovation of old technology, increasing adoption of Power Converter/Inverter will drive growth in Asia markets.
The product average price declined in the past few years due to the technology development, the average price will keep the trend in the few future years due to increasing mature manufacturing technology and lowing cost of raw materials.
According to this study, over the next five years the Power Converter/Inverter market will register a 6.4% CAGR in terms of revenue, the global market size will reach USD 250 million by 2024, from USD 170 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Power Converter/Inverter business, shared in Chapter 3.
This report presents a comprehensive overview, market shares, and growth opportunities of Power Converter/Inverter market by product type, application, key manufacturers and key regions and countries.
This study considers the Power Converter/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.
12V
24V
48V and Above
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Car Appliances
Outdoor Application
Others
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
Bestek
NFA
Cobra
Kisae Technology
Rally
Energizer
Duracell
Meind
Stanley
Exeltech
Cotek
Samlex
Power Bright
Go Power
Wagan Tech
Magnum Energy
WEHO
Erayak
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.
Research objectives
To study and analyze the global Power Converter/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 Converter/Inverter market by identifying its various subsegments.
Focuses on the key global Power Converter/Inverter manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Power Converter/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 Converter/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.
