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 10.0% 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 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.
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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 [email protected]To get access of more than 1000 reports at fraction of cost visit Lucintel'sAnalytics Dashboard.
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Roy Almaguer
Lucintel
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