Are inverters a good investment?

Inverter manufacturers see an opportunity in growing demand from renewable energy, grid modernization, and energy storage, while focusing on industrial strategy. Policy momentum and economics also champion clean energy and thus the technologies that enable it, like inverters, as increasing hefts of good investment.

What is a solar inverter market?

The solar inverter segment is the largest market in the inverter business, owing to the increasing usage of solar energy all over the world. Through 2023, the US has installed more than 200 GW of solar capacity to power more than 36 million homes, according to the Solar Energy Industries Association.

Why is inverter market gaining momentum?

In inverter market, the automotive segment is gaining momentum, much faster, especially when the globe is taking a tremendous shift toward electric vehicles. Inverters form one of the crucial components in electric vehicles to convert DC power from the battery into AC for the electric motor.

How big is the inverter market in 2028?

[293 Pages Report] The Inverter market is expected to grow from an estimated USD 39.6 billion by 2028 from an estimated USD 18.9 billion in 2023, at a CAGR of 16.0% during the forecast period. The demand for renewable sources like solar and wind energy have increased which further drive the demand for inverters.

Will C&I use energy storage systems more?

But renewable energy isn't always a reliable source of power, and the C&I sector isn't making the most of these resources. So, the C&I sector is likely to use energy storage systems more and more to increase the amount of renewable energy it uses.

Who makes vehicle inverters?

Vehicle inverters find application in powering the onboard electronic systems and motors of vehicles. Noteworthy manufacturers and providers of vehicle inverters include Continental (Germany), Delphi Technologies (UK), Toyota Industries (Japan), Sensata Technologies (US), Samlex Europe (Netherlands), and BESTEK (US).