Planet Market Reports has added a report, titled, “Global Power Converter/Inverter Outlook, For Outdoor Power Market Forecast to 2023.”
Converters and inverters are electrical devices that convert current. Converters convert the voltage of an electric device, usually alternating current AC to direct current DC . On the other hand, inverters convert direct current DC to alternating current AC .
In the coming years there is an increasing demand for Power Converter/Inverter in the regions of North America and Europe that is expected to drive the market for more advanced Power Converter/Inverter. Increasing of metalworking field expenditures, more-intense competition, launches in introducing new products, increasing of spending on nonclinical field industry, retrofitting and renovation of old technology, increasing adoption of Power Converter/Inverter will drive growth in Asia markets.
The product average price declined in the past few years due to the technology development, the average price will keep the trend in the few future years due to increasing mature manufacturing technology and lowing cost of raw materials.
Over the next five years, LPI Planet Market Reports projects that Power Converter/Inverter will register a 6.4% CAGR in terms of revenue, reach US$ 250 million by 2023, from US$ 170 million in 2017.
In this report, Planet Market Reports covers the present scenario with the base year being 2017 and the growth prospects of global Power Converter/Inverter market for 2018-2023.
This report presents a comprehensive overview, market shares, and growth opportunities of Power Converter/Inverter market by product type, application, key manufacturers and key regions.
To calculate the market size, Planet Market Reports considers value and volume generated from the sales of the following segments:
Segmentation by product type:
48V and Above
Segmentation by application:
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report:
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
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To study and analyze the global Power Converter/Inverter consumption value & volume by key regions/countries, product type and application, history data from 2013 to 2017, and forecast to 2023.
To understand the structure of Power Converter/Inverter market by identifying its various subsegments.
Focuses on the key global Power Converter/Inverter manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Power Converter/Inverter with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market growth potential, opportunities, drivers, industry-specific challenges and risks .
To project the consumption of Power Converter/Inverter submarkets, with respect to key regions along with their respective key countries .
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
Name: Jennifer Daniel
Organization: Planet Market Reports