Power Inverter Market Share, Distributor Analysis and Development Trends 2021
Power inverter market is likely to grow at a higher CAGR during the forecast period since its wider use in automobiles. Inverter circuits can range from complex designs to sophisticated ones. Inverter is a circuit that converts ac or DC voltage into AC or DC direct current and then ‘inverted’ back to the circuit
Power inverter market is likely to grow at a higher CAGR during the forecast period since its wider use in automobiles. Inverter circuits can range from complex designs to sophisticated ones. Inverter is a circuit that converts ac or DC voltage into AC or DC direct current and then ‘inverted’ back to the circuit
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<strong>Power</strong> <strong>Inverter</strong> <strong>Market</strong> <strong>Analysis</strong>, <strong>Development</strong><br />
<strong>Trends</strong> <strong>and</strong> <strong>Share</strong> by Application up to <strong>2021</strong><br />
“<strong>Inverter</strong> is a circuit that converts ac or DC voltage<br />
into AC or DC direct current <strong>and</strong> then ‘inverted’ back<br />
to the circuit.”<br />
<strong>Power</strong> inverter market is likely to grow at a higher CAGR during the forecast period since its wider use in automobiles.<br />
<strong>Inverter</strong> circuits can range from complex designs to sophisticated ones. <strong>Inverter</strong> is a circuit that converts ac or DC<br />
voltage into AC or DC direct current <strong>and</strong> then ‘inverted’ back to the circuit. Commercial applications of inverter include<br />
fuel cells, wind turbines <strong>and</strong> micro turbines, variable-frequency drives, uninterruptible power supplies, electronic<br />
ballasts <strong>and</strong> induction heaters <strong>and</strong> HVDC power transmission.<br />
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Modern inverters use state-of-art designs <strong>and</strong> microprocessor controls to generate high quality AC power efficiently.<br />
Functionally, electrical properties <strong>and</strong> principles enhance the fundamental operations for inverters. These include DC<br />
or AC, waveform types <strong>and</strong> associated parameters, energy <strong>and</strong> power, ohm’s law, single-phase <strong>and</strong> three-phase power,<br />
resistive <strong>and</strong> reactive leads, real, apparent <strong>and</strong> reactive power <strong>and</strong> high quality power. Further, numerous industrial<br />
applications use multilevel inverters to support high power apparatus.
A multilevel power converter helps in achieving high power ratings <strong>and</strong> also is a source of renewable energy. Sources<br />
such as photovoltaic’s, wind <strong>and</strong> fuel cells are easily interfaced to a multilevel inverter for high power application.<br />
Since it is used for higher voltage operations, it provides best solutions offered by semiconductors too. The need for<br />
extra switches, extra AC or DC sources can be used to generate different voltage levels, generation of stepped<br />
waveform with minimized harmonic distortion, <strong>and</strong> minimized common-mode voltages.<br />
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On a commercial scale, the growing importance of power inverters in manufacturing sector enables trajectory market<br />
growth for power inverter market. The key driving factors responsible for the growth of power inverter market includes<br />
rise in sales of electric vehicles across the globe coupled with rise in vehicle models by OEM. Additionally, rising<br />
concerns towards environment <strong>and</strong> environmental norms to reduce fuel <strong>and</strong> carbon emissions by developed countries<br />
is adding to the growth of power inverter market.<br />
On the basis of product segment, the power inverter market is segmented into normal temperature <strong>and</strong> high<br />
temperature. On the basis of level, the power inverted market is segmented into single-level inverter <strong>and</strong> multi-level<br />
inverter. On the basis of geographic segmentation, the power inverter market spans North America, Latin America,<br />
Europe, Asia-Pacific, <strong>and</strong> Middle-East & Africa. North America <strong>and</strong> APAC regions are likely to dominate the market<br />
during the forecast period. Europe is anticipated to grow at a higher CAGR during the forecast period. The key players<br />
in the global power inverter market include Siemens, GE, Vestas, Enercon, Gamesa, MHI Vestas, Gold Wind, <strong>and</strong> United<br />
<strong>Power</strong> & Mingyang.<br />
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