Digital Inverter Market Scope
Increasing the market for digital inverter is the constant expansion of new technologies for batteries for keeping more power. The digital inverter is the important building block of several binary devices, thus it takes the binary input and returns the binary output. The digital inverter is rooted with components including the compressor which is used in order to produce the DC output.
According to AMA, the Global Digital Inverter market is expected to see growth rate of 8.89%
Leading global players are focusing on strategic partnerships to improve their products and services. In addition, companies are focusing on increasing their client base to strengthen market position and to enhance product & service offerings. Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Digital Inverter market throughout the predicted period.
Eaton Corporation (Ireland), Schneider Electric SE (France), Siemens AG (Germany), ABB Ltd. (Switzerland), General Electric Co. (United States), Enphase Energy, Inc. (United States), SMA Solar Technology AG (Germany), Vertiv Group Corporation (United States), Leopold Kostal GmbH & Co. KG (Germany) and Growatt New Energy Co.,Ltd. (China) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Fronius International GmbH (Austria), Toshiba Mitsubishi-Electric Industrial Systems Corporation (Japan) and KOSTAL Solar Electric (Germany).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
Segmentation Overview
The study have segmented the market of Global Digital Inverter market by Type (Central Inverter, String Inverter and Micro Inverter), by Application (Air Conditioner, Refrigerator, Washing Machine, Refrigerator, Water Pumps and Others) and Region with country level break-up.
On the basis of geography, the market of Digital Inverter has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Leaders and their expansionary development strategies
On 3rd October 2018, Huawei has launched SUN2000-5KTL-M0 and SUN2000-6KTL-M0 Three-phase smart inverter for the Australian residential market. The SUN2000-5KTL-M0 and SUN2000-6KTL-M0 smart inverter function as the smart energy center that will become the hub for the energy flow and information flow of a smart home, bringing users a wonderful digital life experience. and On 20th September 2018, Schneider Electric, the leader in digital transformation of energy management and automation has launched the next-generation hybrid inverter, ConextTM XW Pro dedicated to the Residential, Commercial & Industrial solar and storage applications.
On 2nd July 2018, ABB has acquired GE Industrial Solutions. The deal will helps ABB’s to get strong global position in electrification and Expands access to attractive North American market.
Market Trend
- Growing Technological Development in Energy Utilization
- High Adoption of Durability Product
Market Drivers
- High Adoption due to Development of New Battery Technology
- Increasing Demand from Residential and Commercial Sector
Opportunities
- Huge Opportunity Due To Development of Solar Projects by Governments
- Technological Advancement in Digital Invertor
Restraints
- Insufficient Exposure of the Digital Inverter
- Increasing DC Optimizer Adoption
Challenges
- Errors In Digital Inverter Software
Key Target Audience
Original Equipment Manufacturers (OEMs), OEM Technology Solution Providers, Research Institutes, Market Research and Consulting Firms, Forums, Alliances, and Associations, Technology Investors, Governments and Financial Institutions, Analysts and Strategic Business Planners and Others