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Global Power Converter/Inverter Market Research Report 2024
Synopsis
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).
The global Power Converter/Inverter market was valued at US$ 219.5 million in 2023 and is anticipated to reach US$ 329.4 million by 2030, witnessing a CAGR of 5.9% during the forecast period 2024-2030.
China is the largest Power Converter/Inverter market with about 43% market share. North America is follower, accounting for about 27% market share.
The key players are Bestek, NFA, Cobra, Kisae Technology, Rally, Energizer, Duracell, Meind, Stanley, Exeltech, Cotek, Samlex, Power Bright, Go Power, Wagan Tech, Magnum Energy, WEHO, Erayak etc. Top 3 companies occupied about 29% market share.
This report aims to provide a comprehensive presentation of the global market for Power Converter/Inverter, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Power Converter/Inverter.
Report Scope
The Power Converter/Inverter market size, estimations, and forecasts are provided in terms of output/shipments (K Units) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Power Converter/Inverter market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Power Converter/Inverter manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
Bestek
NFA
Cobra
Kisae Technology
Rally
Energizer
Duracell
Meind
Stanley
Exeltech
Cotek
Samlex
Power Bright
Go Power
Wagan Tech
Magnum Energy
WEHO
Erayak
Segment by Type
12V
24V
48V and Above
Segment by Application
Car Appliances
Outdoor Application
Others
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of Power Converter/Inverter manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Power Converter/Inverter by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption of Power Converter/Inverter in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 5: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 6: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: The main points and conclusions of the report.
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).
The global Power Converter/Inverter market was valued at US$ 219.5 million in 2023 and is anticipated to reach US$ 329.4 million by 2030, witnessing a CAGR of 5.9% during the forecast period 2024-2030.
China is the largest Power Converter/Inverter market with about 43% market share. North America is follower, accounting for about 27% market share.
The key players are Bestek, NFA, Cobra, Kisae Technology, Rally, Energizer, Duracell, Meind, Stanley, Exeltech, Cotek, Samlex, Power Bright, Go Power, Wagan Tech, Magnum Energy, WEHO, Erayak etc. Top 3 companies occupied about 29% market share.
This report aims to provide a comprehensive presentation of the global market for Power Converter/Inverter, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Power Converter/Inverter.
Report Scope
The Power Converter/Inverter market size, estimations, and forecasts are provided in terms of output/shipments (K Units) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Power Converter/Inverter market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Power Converter/Inverter manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
Bestek
NFA
Cobra
Kisae Technology
Rally
Energizer
Duracell
Meind
Stanley
Exeltech
Cotek
Samlex
Power Bright
Go Power
Wagan Tech
Magnum Energy
WEHO
Erayak
Segment by Type
12V
24V
48V and Above
Segment by Application
Car Appliances
Outdoor Application
Others
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of Power Converter/Inverter manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Power Converter/Inverter by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption of Power Converter/Inverter in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 5: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 6: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: The main points and conclusions of the report.
Index1 Power Converter/Inverter Market Overview
1.1 Product Definition
1.2 Power Converter/Inverter Segment by Type
1.2.1 Global Power Converter/Inverter Market Value Growth Rate Analysis by Type 2023 VS 2030
1.2.2 12V
1.2.3 24V
1.2.4 48V and Above
1.3 Power Converter/Inverter Segment by Application
1.3.1 Global Power Converter/Inverter Market Value Growth Rate Analysis by Application: 2023 VS 2030
1.3.2 Car Appliances
1.3.3 Outdoor Application
1.3.4 Others
1.4 Global Market Growth Prospects
1.4.1 Global Power Converter/Inverter Production Value Estimates and Forecasts (2019-2030)
1.4.2 Global Power Converter/Inverter Production Capacity Estimates and Forecasts (2019-2030)
1.4.3 Global Power Converter/Inverter Production Estimates and Forecasts (2019-2030)
1.4.4 Global Power Converter/Inverter Market Average Price Estimates and Forecasts (2019-2030)
1.5 Assumptions and Limitations
2 Market Competition by Manufacturers
2.1 Global Power Converter/Inverter Production Market Share by Manufacturers (2019-2024)
2.2 Global Power Converter/Inverter Production Value Market Share by Manufacturers (2019-2024)
2.3 Global Key Players of Power Converter/Inverter, Industry Ranking, 2022 VS 2023 VS 2024
2.4 Global Power Converter/Inverter Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
2.5 Global Power Converter/Inverter Average Price by Manufacturers (2019-2024)
2.6 Global Key Manufacturers of Power Converter/Inverter, Manufacturing Base Distribution and Headquarters
2.7 Global Key Manufacturers of Power Converter/Inverter, Product Offered and Application
2.8 Global Key Manufacturers of Power Converter/Inverter, Date of Enter into This Industry
2.9 Power Converter/Inverter Market Competitive Situation and Trends
2.9.1 Power Converter/Inverter Market Concentration Rate
2.9.2 Global 5 and 10 Largest Power Converter/Inverter Players Market Share by Revenue
2.10 Mergers & Acquisitions, Expansion
3 Power Converter/Inverter Production by Region
3.1 Global Power Converter/Inverter Production Value Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.2 Global Power Converter/Inverter Production Value by Region (2019-2030)
3.2.1 Global Power Converter/Inverter Production Value Market Share by Region (2019-2024)
3.2.2 Global Forecasted Production Value of Power Converter/Inverter by Region (2025-2030)
3.3 Global Power Converter/Inverter Production Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.4 Global Power Converter/Inverter Production by Region (2019-2030)
3.4.1 Global Power Converter/Inverter Production Market Share by Region (2019-2024)
3.4.2 Global Forecasted Production of Power Converter/Inverter by Region (2025-2030)
3.5 Global Power Converter/Inverter Market Price Analysis by Region (2019-2024)
3.6 Global Power Converter/Inverter Production and Value, Year-over-Year Growth
3.6.1 North America Power Converter/Inverter Production Value Estimates and Forecasts (2019-2030)
3.6.2 Europe Power Converter/Inverter Production Value Estimates and Forecasts (2019-2030)
3.6.3 China Power Converter/Inverter Production Value Estimates and Forecasts (2019-2030)
3.6.4 Japan Power Converter/Inverter Production Value Estimates and Forecasts (2019-2030)
4 Power Converter/Inverter Consumption by Region
4.1 Global Power Converter/Inverter Consumption Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
4.2 Global Power Converter/Inverter Consumption by Region (2019-2030)
4.2.1 Global Power Converter/Inverter Consumption by Region (2019-2024)
4.2.2 Global Power Converter/Inverter Forecasted Consumption by Region (2025-2030)
4.3 North America
4.3.1 North America Power Converter/Inverter Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.3.2 North America Power Converter/Inverter Consumption by Country (2019-2030)
4.3.3 U.S.
4.3.4 Canada
4.4 Europe
4.4.1 Europe Power Converter/Inverter Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.4.2 Europe Power Converter/Inverter Consumption by Country (2019-2030)
4.4.3 Germany
4.4.4 France
4.4.5 U.K.
4.4.6 Italy
4.4.7 Russia
4.5 Asia Pacific
4.5.1 Asia Pacific Power Converter/Inverter Consumption Growth Rate by Region: 2019 VS 2023 VS 2030
4.5.2 Asia Pacific Power Converter/Inverter Consumption by Region (2019-2030)
4.5.3 China
4.5.4 Japan
4.5.5 South Korea
4.5.6 China Taiwan
4.5.7 Southeast Asia
4.5.8 India
4.6 Latin America, Middle East & Africa
4.6.1 Latin America, Middle East & Africa Power Converter/Inverter Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.6.2 Latin America, Middle East & Africa Power Converter/Inverter Consumption by Country (2019-2030)
4.6.3 Mexico
4.6.4 Brazil
4.6.5 Turkey
5 Segment by Type
5.1 Global Power Converter/Inverter Production by Type (2019-2030)
5.1.1 Global Power Converter/Inverter Production by Type (2019-2024)
5.1.2 Global Power Converter/Inverter Production by Type (2025-2030)
5.1.3 Global Power Converter/Inverter Production Market Share by Type (2019-2030)
5.2 Global Power Converter/Inverter Production Value by Type (2019-2030)
5.2.1 Global Power Converter/Inverter Production Value by Type (2019-2024)
5.2.2 Global Power Converter/Inverter Production Value by Type (2025-2030)
5.2.3 Global Power Converter/Inverter Production Value Market Share by Type (2019-2030)
5.3 Global Power Converter/Inverter Price by Type (2019-2030)
6 Segment by Application
6.1 Global Power Converter/Inverter Production by Application (2019-2030)
6.1.1 Global Power Converter/Inverter Production by Application (2019-2024)
6.1.2 Global Power Converter/Inverter Production by Application (2025-2030)
6.1.3 Global Power Converter/Inverter Production Market Share by Application (2019-2030)
6.2 Global Power Converter/Inverter Production Value by Application (2019-2030)
6.2.1 Global Power Converter/Inverter Production Value by Application (2019-2024)
6.2.2 Global Power Converter/Inverter Production Value by Application (2025-2030)
6.2.3 Global Power Converter/Inverter Production Value Market Share by Application (2019-2030)
6.3 Global Power Converter/Inverter Price by Application (2019-2030)
7 Key Companies Profiled
7.1 Bestek
7.1.1 Bestek Power Converter/Inverter Corporation Information
7.1.2 Bestek Power Converter/Inverter Product Portfolio
7.1.3 Bestek Power Converter/Inverter Production, Value, Price and Gross Margin (2019-2024)
7.1.4 Bestek Main Business and Markets Served
7.1.5 Bestek Recent Developments/Updates
7.2 NFA
7.2.1 NFA Power Converter/Inverter Corporation Information
7.2.2 NFA Power Converter/Inverter Product Portfolio
7.2.3 NFA Power Converter/Inverter Production, Value, Price and Gross Margin (2019-2024)
7.2.4 NFA Main Business and Markets Served
7.2.5 NFA Recent Developments/Updates
7.3 Cobra
7.3.1 Cobra Power Converter/Inverter Corporation Information
7.3.2 Cobra Power Converter/Inverter Product Portfolio
7.3.3 Cobra Power Converter/Inverter Production, Value, Price and Gross Margin (2019-2024)
7.3.4 Cobra Main Business and Markets Served
7.3.5 Cobra Recent Developments/Updates
7.4 Kisae Technology
7.4.1 Kisae Technology Power Converter/Inverter Corporation Information
7.4.2 Kisae Technology Power Converter/Inverter Product Portfolio
7.4.3 Kisae Technology Power Converter/Inverter Production, Value, Price and Gross Margin (2019-2024)
7.4.4 Kisae Technology Main Business and Markets Served
7.4.5 Kisae Technology Recent Developments/Updates
7.5 Rally
7.5.1 Rally Power Converter/Inverter Corporation Information
7.5.2 Rally Power Converter/Inverter Product Portfolio
7.5.3 Rally Power Converter/Inverter Production, Value, Price and Gross Margin (2019-2024)
7.5.4 Rally Main Business and Markets Served
7.5.5 Rally Recent Developments/Updates
7.6 Energizer
7.6.1 Energizer Power Converter/Inverter Corporation Information
7.6.2 Energizer Power Converter/Inverter Product Portfolio
7.6.3 Energizer Power Converter/Inverter Production, Value, Price and Gross Margin (2019-2024)
7.6.4 Energizer Main Business and Markets Served
7.6.5 Energizer Recent Developments/Updates
7.7 Duracell
7.7.1 Duracell Power Converter/Inverter Corporation Information
7.7.2 Duracell Power Converter/Inverter Product Portfolio
7.7.3 Duracell Power Converter/Inverter Production, Value, Price and Gross Margin (2019-2024)
7.7.4 Duracell Main Business and Markets Served
7.7.5 Duracell Recent Developments/Updates
7.8 Meind
7.8.1 Meind Power Converter/Inverter Corporation Information
7.8.2 Meind Power Converter/Inverter Product Portfolio
7.8.3 Meind Power Converter/Inverter Production, Value, Price and Gross Margin (2019-2024)
7.8.4 Meind Main Business and Markets Served
7.7.5 Meind Recent Developments/Updates
7.9 Stanley
7.9.1 Stanley Power Converter/Inverter Corporation Information
7.9.2 Stanley Power Converter/Inverter Product Portfolio
7.9.3 Stanley Power Converter/Inverter Production, Value, Price and Gross Margin (2019-2024)
7.9.4 Stanley Main Business and Markets Served
7.9.5 Stanley Recent Developments/Updates
7.10 Exeltech
7.10.1 Exeltech Power Converter/Inverter Corporation Information
7.10.2 Exeltech Power Converter/Inverter Product Portfolio
7.10.3 Exeltech Power Converter/Inverter Production, Value, Price and Gross Margin (2019-2024)
7.10.4 Exeltech Main Business and Markets Served
7.10.5 Exeltech Recent Developments/Updates
7.11 Cotek
7.11.1 Cotek Power Converter/Inverter Corporation Information
7.11.2 Cotek Power Converter/Inverter Product Portfolio
7.11.3 Cotek Power Converter/Inverter Production, Value, Price and Gross Margin (2019-2024)
7.11.4 Cotek Main Business and Markets Served
7.11.5 Cotek Recent Developments/Updates
7.12 Samlex
7.12.1 Samlex Power Converter/Inverter Corporation Information
7.12.2 Samlex Power Converter/Inverter Product Portfolio
7.12.3 Samlex Power Converter/Inverter Production, Value, Price and Gross Margin (2019-2024)
7.12.4 Samlex Main Business and Markets Served
7.12.5 Samlex Recent Developments/Updates
7.13 Power Bright
7.13.1 Power Bright Power Converter/Inverter Corporation Information
7.13.2 Power Bright Power Converter/Inverter Product Portfolio
7.13.3 Power Bright Power Converter/Inverter Production, Value, Price and Gross Margin (2019-2024)
7.13.4 Power Bright Main Business and Markets Served
7.13.5 Power Bright Recent Developments/Updates
7.14 Go Power
7.14.1 Go Power Power Converter/Inverter Corporation Information
7.14.2 Go Power Power Converter/Inverter Product Portfolio
7.14.3 Go Power Power Converter/Inverter Production, Value, Price and Gross Margin (2019-2024)
7.14.4 Go Power Main Business and Markets Served
7.14.5 Go Power Recent Developments/Updates
7.15 Wagan Tech
7.15.1 Wagan Tech Power Converter/Inverter Corporation Information
7.15.2 Wagan Tech Power Converter/Inverter Product Portfolio
7.15.3 Wagan Tech Power Converter/Inverter Production, Value, Price and Gross Margin (2019-2024)
7.15.4 Wagan Tech Main Business and Markets Served
7.15.5 Wagan Tech Recent Developments/Updates
7.16 Magnum Energy
7.16.1 Magnum Energy Power Converter/Inverter Corporation Information
7.16.2 Magnum Energy Power Converter/Inverter Product Portfolio
7.16.3 Magnum Energy Power Converter/Inverter Production, Value, Price and Gross Margin (2019-2024)
7.16.4 Magnum Energy Main Business and Markets Served
7.16.5 Magnum Energy Recent Developments/Updates
7.17 WEHO
7.17.1 WEHO Power Converter/Inverter Corporation Information
7.17.2 WEHO Power Converter/Inverter Product Portfolio
7.17.3 WEHO Power Converter/Inverter Production, Value, Price and Gross Margin (2019-2024)
7.17.4 WEHO Main Business and Markets Served
7.17.5 WEHO Recent Developments/Updates
7.18 Erayak
7.18.1 Erayak Power Converter/Inverter Corporation Information
7.18.2 Erayak Power Converter/Inverter Product Portfolio
7.18.3 Erayak Power Converter/Inverter Production, Value, Price and Gross Margin (2019-2024)
7.18.4 Erayak Main Business and Markets Served
7.18.5 Erayak Recent Developments/Updates
8 Industry Chain and Sales Channels Analysis
8.1 Power Converter/Inverter Industry Chain Analysis
8.2 Power Converter/Inverter Key Raw Materials
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.3 Power Converter/Inverter Production Mode & Process
8.4 Power Converter/Inverter Sales and Marketing
8.4.1 Power Converter/Inverter Sales Channels
8.4.2 Power Converter/Inverter Distributors
8.5 Power Converter/Inverter Customers
9 Power Converter/Inverter Market Dynamics
9.1 Power Converter/Inverter Industry Trends
9.2 Power Converter/Inverter Market Drivers
9.3 Power Converter/Inverter Market Challenges
9.4 Power Converter/Inverter Market Restraints
10 Research Finding and Conclusion
11 Methodology and Data Source
11.1 Methodology/Research Approach
11.1.1 Research Programs/Design
11.1.2 Market Size Estimation
11.1.3 Market Breakdown and Data Triangulation
11.2 Data Source
11.2.1 Secondary Sources
11.2.2 Primary Sources
11.3 Author List
11.4 Disclaimer
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