In this report, Technavio covers the present scenario and growth prospects of the global inverter market for 2017-2021. Also, the report discusses major drivers influencing the market growth and challenges faced by vendors and the market as a whole. It also examines key emerging trends and their impact on the current and future market scenarios.An inverter system is a device that converts direct current (DC) into alternate current (AC). From this process, alternating current is produced and this form of electricity can be used to power appliances and electrical machines.

PART 01: Executive summary 6

PART 02: Scope of the report 17

Market overview 17

Top-vendor offerings 19

PART 03: Market research methodology 20

Research methodology 20

Economic indicators 20

PART 04: Introduction 21

Key market highlights 21

Inverter technology overview 22

Global solar PV market: Overview 23

Global wind market: Overview 24

Global EV market: Overview 25

Global UPS market: Overview 26

Global railroad market: Overview 26

PART 05: Market landscape 28

Market overview 28

Market size and forecast by revenue 29

Five forces analysis 31

PART 06: Market segmentation by application 32

Global inverter market by application 32

Global motor drive inverter market 34

Global renewable energy inverter market 36

Global UPS inverter market 39

PART 07: Geographical segmentation 41

Global inverter market by geography 41

Inverter market in APAC 43

Inverter market in EMEA 46

Inverter market in the Americas 49

PART 08: Market drivers 51

Rise in wind energy consumption 51

Increasing solar energy installation 52

Increase in demand for EVs and HEVs 54

Energy-saving technology for railroad traction systems 55

Rise in process automation 57

PART 09: Impact of drivers 58

PART 10: Market challenges 59

Weak global economic outlook 59

Intermittent nature of renewable energy 61

Changing market dynamics 62

PART 11: Impact of drivers and challenges 63

PART 12: Market trends 64

Increase in demand for clean power 64

Rise in deployment of microgrids 67

Growing high-speed rail networks in developing

nations 68

Emphasis on green inverter technology 69

Decreasing price of inverter systems 70

PART 13: Vendor landscape 71

Competitive landscape 71

PART 14: Key vendor analysis 72

ABB 72

Bonfiglioli 74

GE 75

Schneider Electric 77

SMA Solar Technology 81

PART 15: Appendix 83

List of abbreviations 83

PART 16: Explore Technavio 85