Projeted Growth
Moderate

Growth Potential Meter

Inverter Battery Market Report by Product Type (<450W, 450W-1500W, >1500W) by Application /End User ( Electronic Products, Electric Cars, Household Appliances) by Industry Analysis, Volume, Share, Growth, Challenges, Trends, and Forecast 2018

Number of pages: 117 | Report Code: PSMR- PSMR-00602 | Report Format : PDF

Report Coverage

Parameters Details

Base Year

2021

Historical Data

2016-2021

Forecast Data

2022-2028

Base Year Value (2021)

USD million

Forecast Value (2028)

USD million

CAGR (2022 to 2028)

%

Regional Scope

North America, Europe, Asian Pacific, Latin America, Middle East and Africa, and ROW

Batteries and other energy storage devices are used for storing energy so that it can be used when required. In a stand-alone power system, the energy stored in batteries can be used when the demand of energy exceeds the output from renewable energy sources like solar (e.g. on a cloudy day) and wind (e.g. on a still day).Devices Like inverters are used for the conversion of the energy from one form to another. An inverter in a grid connected renewable energy system converts direct current (DC) electricity from solar panels or a wind turbine into alternating current (AC) mains power.  


The Major growth factor for battery inverters market has been attributed to the demand and supply gap between electric energy around the globe and the increasing purchasing power of consumers. The rising number of solar PV installations is also a key factor impacting the inverter battery market.. Market of inverter is growing due to change in lifestyle of people leaving in rural and urban areas, Tolerance for Long cuts among consumer is decreasing . 


The market for battery inverters is segmented into 1500W. The market for battery inverters is fragmented and there exist a large number of small unorganized players manufacturing sub-standard and local inverters. However, the market is dominated by a few leading brands including SMA Solar Technology AG Xantrex Technology, Okaya, Exide, Duracell PowerMat, Schneider Electric, Amaron Batteries, TATA AutoComp GY Batteries Pvt, Sensata Technologies, Inc, Mahindra Powerol Ltd, Southern Batteries Pvt. Ltd , Enersys  


The demand for inverters is expected to surge from the growing economies such as North America followed by Europe due to the rising demand for sustainable power for residential and commercial sectors. This growing demand is likely to put forth a positive impact on the inverter battery market.  


Inverter Battery Market : Product Type

  • 1500W

Inverter Battery Market : End User / Application

  • Electronic Products
  • Electric Cars
  • Household Appliances

Inverter Battery Market: Companies Covered

  • SMA Solar Technology AG
  • Xantrex Technology
  • Okaya
  • Exide
  • Duracell PowerMat
  • Schneider Electric
  • Amaron Batteries
  • TATA AutoComp GY Batteries Pvt
  • Sensata Technologies, Inc
  • Mahindra Powerol Ltd
  • Southern Batteries Pvt. Ltd
  • Enersys

Geographical analysis of Inverter Battery Market includes :

  • North America
  • Europe
  • China
  • Japan
  • Southeast Asia
  • India
  • Africa
  • Latin America

Inverter Battery Market Report delivers comprehensive analysis of :

  • Market Forecast for 2018-26
  • Market growth drivers
  • Challenges and Opportunities
  • Emerging and Current Market trends
  • Market player Capacity, Production, Revenue (Value)
  • Supply (Production), Consumption, Export, Import analysis
  • End user/application Analysis


Frequently Asked Questions (FAQ)


Inverter Battery Market was valued at around USD million in 2021 & estimated to reach USD by 2028.




Inverter Battery Market is likely to grow at compounded annual growth rate (CAGR) of % between 2022 to 2028.












Yes, the report includes COVID 19 impact on the market.



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