Power inverter market is anticipated to grow at a CAGR of 6.7% during the forecast period (2025-2035). Power inverters are gaining traction across diverse sectors from automotive, energy, and IT to manufacturing backed by growing demand for a consistent & reliable power supply, especially in energy-intensive segments. Further, increasing the use of automotive & industrial automation for enhancing utility & energy consumption of the respective devices also contributes to industry growth. However, the market faces considerable friction from supply chain difficulties, which is expected to impact market growth in the short term.
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In recent years, the sectorial utility of power inverters has been a major contributor to growing demand in the global market. This extension in utility includes the incorporation of power inverters in sectors such as automotive (EV charging, & regenerative braking), and industrial automation (motor control, industrial machinery), among others. Further, the market players through innovation, product development, and investment are expected to cater to the changing demand for power inverters across diverse sectors. For instance, the next generation 800V inverter unveiled by GKN Automotive was back in June 2022. Its high-end EV technology gains the OEMs but has increased power output by 20%, power density by 50%, and the power-to-weight ratio by 60%. The amount of copper used has decreased by 63% and it can be applied in both 800V and 400V systems. It promises quicker charging, increased batteries, and far better performance than future EVs.
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- Market Coverage
- Market number available for – 2025-2031
- Base year- 2025
- Forecast period- 2025-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Power Inverter Market Report Segment
By Type
- Inverter Source
o Current Source Inverter
o Voltage Source Inverter
- Load
o Single Phase Inverter
o Three Phase Inverter
By End-User
- Automotive
- Energy
- Telecommunication & IT
- Industrial
- Healthcare
- Infrastructure
- Residential
Global Power Inverter Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Russia
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Australia and New Zealand
- ASEAN Economies
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
The Report Covers
- Market value data analysis of 2024 and forecast to 2035.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global power inverter market. Based on the availability of data, information related to new products, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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