According to a market report by Lucintel, the future of the global inverter system market looks promising with opportunities in the residential, commercial, and industrial markets. The global inverter system market is expected to grow with a CAGR of 10% from 2025 to 2031. The major drivers for this market are the growing adoption of solar & wind power system, the increase in automated manufacturing & processing system, and the rising concern over energy consumption.
A more
than 150-page report to understand trends, opportunity and forecast in global
inverter system market to 2031 by type (square wave inverter and modified sine
wave inverter), application (residential, commercial, and industrial), and
region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel
forecasts that, within the type category, modified sine wave inverter is
expected to witness higher growth over the forecast period.
Within the
application category, residential is expected to witness the highest growth.
In terms
of region, APAC is expected to witness the highest growth over the forecast
period.
Download
sample by clicking on inverter system
market.
ABB,
Siemens, Yaskawa Electric, Danfoss, Mitsubishi Electric, Schneider Electric,
Fuji Electric, Rockwell Automation, Inovance Technology, Delta Electronics are
the major suppliers in the inverter
system market.
This unique research
report will enable you to make confident business decisions in this globally
competitive marketplace. For a detailed table of contents, contact Lucintel at
+1-972-636-5056 or write us at helpdesk@lucintel.com. To get access of more than 1000 reports at fraction of cost
visit Lucintel's Analytics
Dashboard.
About Lucintel
At Lucintel, we offer solutions for
you growth through game changer ideas and robust market &
unmet needs analysis. We are based in
Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20
years. We are quoted in several publications like the Wall Street Journal,
ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1-972-636-5056
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