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World DC/AC Power Inverter Markets
Frost & Sullivan, Nov 2006, Pages: 221
This Frost & Sullivan research service titled World DC/AC Power Inverter Market provides a comprehensive analysis of revenues and unit shipments in the power inverter market, along with the drivers, restraints, and trends impacting the market. In this research service, Frost & Sullivan’s expert analysts thoroughly examine the following markets: non-renewable energy-based power inverters and inverter/chargers, renewable energy-based power inverters and inverter/chargers, and various end users including telecommunications, industrial/military/medical, and retail/mobile applications. In addition, the renewable energy-based power inverter segment analyzes various trends within the solar, wind, and fuel cell markets.
Market Overview
Extensive Proliferation of Renewable Systems and Increased Power Reliability Requirements Stimulate Demand for DC/AC Power Inverters
The world DC/AC power inverter market is experiencing phenomenal growth due to increased proliferation of renewable systems, a favorable political climate promoting research and development of renewable technologies, and the lack of consumer confidence in the reliability of the grid is motivating residential and commercial end users to seek out back power solutions. DC/AC power inverter is an efficient, reliable power solution able to satisfy increasing power demands and requirements in both developing and developed regions, thus contributing to good margins in the power inverter market.
Economic development in various countries is likely to generate increased power requirements, both portable and stationary. Due to specific growth targets set by various governments, the renewable energy-based segment provides significant opportunity in the global DC/AC power inverter market. Solar energy systems are likely to be the most significant contributor to the renewable energy-based power inverter market. In the North American market, consumer awareness has generated strong gains in retail markets for the automotive and general purpose sectors. 'Penetration of new end user markets such as emergency management and homeland security initiatives are creating new demand potential for power inverter products,' observes the analyst of this research service. 'Given the maturity of the technology, participating vendors are focused on identifying new market sectors to increase their market share.'
Constant Product and Market Evaluations Can Enable Participants Increase Market Penetration
The presence of strong established domestic participants can deter vendors from penetrating new geographic markets. However, opportunities offered within each geographic region are likely to provide domestic participants with continuous product demand. It is essential that manufacturers conduct continuous market and product evaluations in order to assess opportunities and threats in the maturing non-renewable energy-based or the emerging renewable energy-based segments of the global DC/AC power inverter market.
'Market participants in the global DC/AC power inverter market ought to stay abreast with the latest technologies and developments in the industry,' cites the analyst. 'Partnering with key industry participants, as well as conducting regular analysis of their targeted end-user segments, can enable manufacturers to develop an important competitive advantage in a mature or emerging market by enhancing their ability to quickly respond to and meet market demands.'
Technologies
The following technologies are covered in this research:
Wind power
Solar power
Fuel cell
Expert analysts thoroughly examine the following market sectors in this research:
Telecommunications
Industrial/Military/Medical
Commercial and residential
Retail
Mobile
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