has announced the top five leading vendors in their recent global
inverter market report until 2021. This research report
also lists 16 other prominent vendors that are expected to impact the
market during the forecast period.
The global inverter market research report by Technavio provides market
segmentation by the application (drive, energy, and UPS inverters) and
geography (APAC, EMEA, and the Americas). The report also discusses the
major drivers, challenges, and trends expected to impact the market
through the forecast period.
“The increasing demand for electric
vehicles and hybrid
electric vehicles is one of the major driving factors
influencing the market. These vehicles are the largest consumers of
lithium-ion phosphate batteries, which drives the demand for inverters,”
says Thanikachalam Chandrasekaran, one of the lead analysts at Technavio
Competitive vendor landscape
inverter market is characterized by the presence of a
highly diverse group of vendors. In a market witnessing high rates of
organic growth, vendors are seeking strong partnerships with automotive,
industrial, and commercial companies to establish a firm market
foothold. ABB, Bonfiglioli, GE, Schneider Electric, and SMA Solar
Technology are the key suppliers of inverters.
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About the top five vendors in the global inverter market
ABB is one of the leading vendors in automation and power technologies
that enable utility and industry customers to improve performance while
reducing environmental impact. The ABB Group consists of numerous
divisions including power systems and power products, low voltage
products, discrete automation and motion, and process automation. The
company provides power and automation technologies for utility,
transport, and infrastructure industries worldwide.
Bonfiglioli operates in the industrial, photovoltaic (PV), and wind and
mobile business segments. These distinct areas develop specific
applications and solutions as per the needs of the market and the
clients across the globe. It recorded a revenue of USD 740 million in
GE has two divisions that provide inverter solutions to different
end-user industries, i.e., GE industrial solutions and GE power
conversion. It offers services, equipment, and energy management
solutions for wind and solar, biogas and alternative fuels, coal, oil,
natural gas, and nuclear energy.
Schneider Electric produces a wide range of equipment and components for
electricity distribution, energy management, and automation management.
The company operates through building and partner business,
infrastructure business, industry business, and IT business segments.
SMA Solar Technology
SMA Solar Technology is a major player in the global inverter market.
The company is the market leader in the development, production, and
sales of PV inverters. The company provides product solutions for small,
medium, and large power utilities. It also manufactures various products
such as solar inverters, backup systems, monitoring systems, off-grid
inverters, wind energy inverters, fuel cell inverters, and software for
the solar sector.
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Technavio analysts employ primary as well as secondary research
techniques to ascertain the size and vendor landscape in a range of
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and top-down approaches, besides using in-house market modeling tools
and proprietary databases. They corroborate this data with the data
obtained from various market participants and stakeholders across the
value chain, including vendors, service providers, distributors,
re-sellers, and end-users.
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