Global Portable Power Inverter Markets, 2021-2022 & 2028: Increase in Government Initiatives to Reduce GHG Emissions and Increase in Solar Energy Adoption – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The Report “Portable Inverter Market Forecast to 2028 – Impact of COVID-19 and Global Analysis by Phase, Output Voltage, Application, Power” has been added to from ResearchAndMarkets.com offer.

Global Portable Inverter Market is expected to grow from 1,359.21 Million US$ in 2021 to 2,206.57 Million US$ by 2028. It is expected to grow at a CAGR of 7.2% from 2021 to 2028.

The increasing penetration of electric vehicles across the globe is one of the major growth factors for the portable inverter market. Automobile sales are reaching new heights due to the growing popularity of trucks and SUVs and the growing demand for compact sedans.

Toyota, Hyundai, Nissan, Subaru and Kia posted double-digit sales increases. In 2020, 78 million vehicles were produced worldwide, and China, Japan, and Germany were the main car and commercial vehicle manufacturers. With such massive vehicle manufacturing volumes, the scope of electric vehicle (EV) manufacturing is also gaining momentum, driving the growth of the portable inverter market.

Additionally, few OEMs aim to reconfigure their product lines to manufacture electric vehicles only. The need for inverters is expected to increase with the increase in adoption of electric vehicles, which is further expected to catalyze the market size of portable inverters.

In addition, truck manufacturers, such as MAN, Daimler, Scania, Volvo and Renault, aspire to an all-electric future. Inverters are needed for power management to/from batteries to motors and for on-board systems in all forms of electric cars, such as Hybrid Electric Vehicles (HEV), Battery Electric Vehicles (BEV) and plug-in hybrid electric vehicles (PHEV).

Electric and internal combustion engine (ICE) vehicles use vehicle inverters. Several trends, such as in-wheel micro-inverter systems and the increased integration of AC-powered inverters in electric vehicles, are driving the portable inverter market. For example, Delphi Technologies PLC launched the first combined inverter and DC/DC converter in February 2018. These innovations and developments are attracting several customers globally, which is driving the growth of the portable inverter market.

The adoption of inverters for personal use in the residential sector has existed for decades. In the current scenario, the attention paid to portable inverters has greatly increased due to the portability and the advantage of lower power consumption. The increase in the appeal of the varied models of these inverters is driving the growth of the portable inverter market.

Furthermore, the adoption of portable inverters is expected to increase over the years as the purchase of portable solar PV inverters increases among residential end users, propelling the portable inverter market size.

Moreover, the rapid increase in energy demand necessitates the use of alternative energy sources, which is further driving the growth of the portable power inverter market. Renewable energy sources, especially solar energy, are now being used to generate electricity. The increasing use of solar energy for power generation is expected to drive the demand for portable inverters, thereby increasing the size of the portable inverter market.

The portable inverter market includes leading players, such as Cobra Electronics Corporation, ENERGIZER HOLDINGS, INC., Kisae Technology Inc., COTEK, Rally Manufacturing, EXELTECH, OSRAM GmbH, Ring Automotive Ltd., Growatt New Energy, and Eaton.

These companies dominate the portable inverter market through new product development, acquisitions, and expansion strategies. In April 2021, ENERGIZER HOLDINGS, INC. announced a multi-year global partnership with four-time Formula 1 world champion team Red Bull Racing Honda. international marketing efforts, increase brand awareness and connect with new consumers.

Main topics covered:

1. Introduction

2. Main Takeaways

3. Research methodology

4. Portable Inverter Market Landscape

4.1 Market Overview

4.2 PEST analysis

4.3 Portable Inverter Market – Ecosystem Analysis

4.4 Expert advice

5. Portable Inverter Market – Key Market Dynamics

5.1 Market Drivers

5.1.1 Growing penetration of electric vehicles

5.1.2 Continuous increase in demand from the residential sector

5.2 Market Constraints

5.2.1 Higher product cost and long service life

5.3 Market Opportunities

5.3.1 Increased adoption of solar energy

5.4 Future trends

5.4.1 Increase government initiatives to reduce greenhouse gas (GHG) emissions

5.5 Impact analysis of drivers and constraints

6. Portable Inverter Market – Global Market Analysis

6.1 Global Portable Inverter Market Overview

6.2 Global Portable Inverter Market Forecast and Analysis

6.3 Market Positioning – Top Five Players

7. Portable Inverter Market Analysis – By Phase

7.1 Overview

7.2 Portable Inverter Market, By Phase (2020 & 2028)

7.3 Single phase

7.4 Three-phase

8. Portable Inverter Market Analysis – By Output Voltage

8.1 Overview

8.2 Portable Inverter Market, By Output Voltage (2020 & 2028)

8.3 Up to 240V

8.4 Above 240 Volts

9. Portable Inverter Market Analysis – By Application

9.1 Overview

9.2 Portable Inverter Market, by Application (2020 & 2028)

9.3 Residential

9.4 Commercial

9.5 Industrial

10. Portable Inverter Market Analysis – By Power

10.1 Overview

10.2 Portable Inverter Market, By Power (2020 & 2028)

10.3 0W to 2500W

10.4 0W to 5000W

11. Portable Inverter Market – Geographical Analysis

11.1 Overview

12. Portable Inverter Market – COVID-19 Impact Analysis

12.1 Overview

13. Industry Landscape

13.1 Overview

13.2 Market initiative

13.3 Development of new products

14. Company Profiles

  • Cobra Electronics Corporation

  • Energizer Holdings, Inc.

  • Kisae Technology Inc.

  • Cotek

  • rally manufacturing

  • Exeltech

  • Osram GmbH

  • Ring Automotive Ltd.

  • Growatt New Energy

  • eaton

For more information about this report visit https://www.researchandmarkets.com/r/lm4orx

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