The global industrial power inverter market was valued at USD 6.8 billion in 2024 and is anticipated to reach USD 43.0 billion by 2037, expanding at a robust CAGR of 15.6% over the forecast period of 2025 to 2037. In 2025, the market size is expected to stand at USD 7.5 billion. The market is experiencing significant growth as industries rapidly adopt electrification to enhance efficiency and comply with emissions mandates. Increasing deployment of renewable energy sources across heavy-duty sectors is fueling the demand for advanced inverter solutions capable of converting and regulating energy with high precision. Moreover, the rise of Industry 4.0 has created a surge in automation and smart equipment, all of which require stable and scalable inverter systems. The integration of inverter technologies into grid-tied and off-grid industrial operations is further propelled by energy security concerns and the push for decarbonization.
Table of Contents
- Global Industrial Power Inverter Market
- An Outline of the Global Industrial Power Inverter Market
- Market Definition
- Market Segmentation
- Assumptions and Abbreviations
- Research Methodology & Approach
- Primary Research
- Secondary Research
- SPSS Methodology
- Data Triangulation
- Executive Summary
- Growth Drivers
- Major Roadblocks
- Opportunities
- Prevalent Trends
- Government Regulation
- Up-Coming Technologies
- Growth Outlook
- Risk Analysis
- SWOT
- Customers: Identification of Key Target Segments
- Regional Demand
- Recent News
- Load Type Analysis
- Grid Connection Analysis
- Strategic Initiatives
- Mergers and Acquisitions (M&A)
- Pricing Analysis with Respect to Output Voltage
- Prevalent Trends
- Comparative Positioning
- Competitive Landscape
- Competitive Model
- Company Market Share, 2023 (%)
- Business Profile of Key Enterprise
- ABB
- Delta Electronics, Inc.
- Enertechups
- Enphase Energy
- Fuji Electric Co., Ltd.
- Huawei Technologies Co., Ltd.
- Mitsubishi Electric Corporation
- OMRON Corporation
- Rockwell Automation Inc.
- Schneider Electric
- Siemens
- SUNGROW
- Global Industrial Power Inverter Market Outlook
- Market Overview
- Market Revenue by Value (USD Thousand), and Compound Annual Growth Rate (CAGR)
- Global Industrial Power Inverter Market Segmentation Analysis (2024-2037)
- By Type
- Solar Inverter, Market Value (USD Million), and CAGR, 2024-2037F
- Vehicle Inverter, Market Value (USD Million), and CAGR, 2024-2037F
- By Output Voltage
- Low Power (< = 240 V), Market Value (USD Million), and CAGR, 2024-2037F
- Medium Power (240 V - 690 kVA), Market Value (USD Million), and CAGR, 2024-2037F
- High Power (Above 690 V), Market Value (USD Million), and CAGR, 2024-2037F
- By Load Type
- Single Phase Inverter, Market Value (USD Million), and CAGR, 2024-2037F
- Three Phase Inverter, Market Value (USD Million), and CAGR, 2024-2037F
- By Grid Connection
- Grid Tie Inverters, Market Value (USD Million), and CAGR, 2024-2037F
- Off Grid Inverters, Market Value (USD Million), and CAGR, 2024-2037F
- By Application
- Oil & Gas, Market Value (USD Million), and CAGR, 2024-2037F
- Chemicals, Market Value (USD Million), and CAGR, 2024-2037F
- Power And Energy, Market Value (USD Million), and CAGR, 2024-2037F
- Mining & Metallurgy, Market Value (USD Million), and CAGR, 2024-2037F
- Cement, Market Value (USD Million), and CAGR, 2024-2037F
- Others, Market Value (USD Million), and CAGR, 2024-2037F
- By Region
- North America, Market Value (USD Thousand), CAGR & Y-o-Y Growth Trend, 2024-2037F
- Europe, Market Value (USD Thousand), CAGR & Y-o-Y Growth Trend, 2024-2037F
- Asia Pacific Excluding Japan, Market Value (USD Thousand), CAGR & Y-o-Y Growth Trend, 2024-2037F
- Japan, Market Value (USD Thousand), CAGR & Y-o-Y Growth Trend, 2024-2037F
- Latin America, Market Value (USD Thousand), CAGR & Y-o-Y Growth Trend, 2024-2037F
- Middle East and Africa, Market Value (USD Thousand), CAGR & Y-o-Y Growth Trend, 2024-2037F
- Cross Analysis of Load Type w.r.t. Application (USD Million), 2024-2037
- North America Industrial Power Inverter Market Outlook
- Market Overview
- Market Revenue by Value (USD Thousand), and Compound Annual Growth Rate (CAGR)
- North America Industrial Power Inverter Market Segmentation Analysis (2024-2037)
- By Type
- Solar Inverter, Market Value (USD Million), and CAGR, 2024-2037F
- Vehicle Inverter, Market Value (USD Million), and CAGR, 2024-2037F
- By Output Voltage
- Low Power (< = 240 V), Market Value (USD Million), and CAGR, 2024-2037F
- Medium Power (240 V - 690 kVA), Market Value (USD Million), and CAGR, 2024-2037F
- High Power (Above 690 V), Market Value (USD Million), and CAGR, 2024-2037F
- By Load Type
- Single Phase Inverter, Market Value (USD Million), and CAGR, 2024-2037F
- Three Phase Inverter, Market Value (USD Million), and CAGR, 2024-2037F
- By Grid Connection
- Grid Tie Inverters, Market Value (USD Million), and CAGR, 2024-2037F
- Off Grid Inverters, Market Value (USD Million), and CAGR, 2024-2037F
- By Application
- Oil & Gas, Market Value (USD Million), and CAGR, 2024-2037F
- Chemicals, Market Value (USD Million), and CAGR, 2024-2037F
- Power And Energy, Market Value (USD Million), and CAGR, 2024-2037F
- Mining & Metallurgy, Market Value (USD Million), and CAGR, 2024-2037F
- Cement, Market Value (USD Million), and CAGR, 2024-2037F
- Others, Market Value (USD Million), and CAGR, 2024-2037F
- By Country
- U.S., Market Value (USD Thousand), CAGR & Y-o-Y Growth Trend, 2024-2037F
- Canada, Market Value (USD Thousand), CAGR & Y-o-Y Growth Trend, 2024-2037F
- Cross Analysis of Load Type w.r.t. Application (USD Million), 2024-2037
- Europe Industrial Power Inverter Market Outlook
- Market Overview
- Market Revenue by Value (USD Thousand), and Compound Annual Growth Rate (CAGR)
- Europe Industrial Power Inverter Market Segmentation Analysis (2024-2037)
- By Type
- Solar Inverter, Market Value (USD Million), and CAGR, 2024-2037F
- Vehicle Inverter, Market Value (USD Million), and CAGR, 2024-2037F
- By Output Voltage
- Low Power (< = 240 V), Market Value (USD Million), and CAGR, 2024-2037F
- Medium Power (240 V - 690 kVA), Market Value (USD Million), and CAGR, 2024-2037F
- High Power (Above 690 V), Market Value (USD Million), and CAGR, 2024-2037F
- By Load Type
- Single Phase Inverter, Market Value (USD Million), and CAGR, 2024-2037F
- Three Phase Inverter, Market Value (USD Million), and CAGR, 2024-2037F
- By Grid Connection
- Grid Tie Inverters, Market Value (USD Million), and CAGR, 2024-2037F
- Off Grid Inverters, Market Value (USD Million), and CAGR, 2024-2037F
- By Application
- Oil & Gas, Market Value (USD Million), and CAGR, 2024-2037F
- Chemicals, Market Value (USD Million), and CAGR, 2024-2037F
- Power And Energy, Market Value (USD Million), and CAGR, 2024-2037F
- Mining & Metallurgy, Market Value (USD Million), and CAGR, 2024-2037F
- Cement, Market Value (USD Million), and CAGR, 2024-2037F
- Others, Market Value (USD Million), and CAGR, 2024-2037F
- By Country
- UK, Market Value (USD Thousand), CAGR & Y-o-Y Growth Trend, 2024-2037F
- Germany, Market Value (USD Thousand), CAGR & Y-o-Y Growth Trend, 2024-2037F
- France, Market Value (USD Thousand), CAGR & Y-o-Y Growth Trend, 2024-2037F
- Italy, Market Value (USD Thousand), CAGR & Y-o-Y Growth Trend, 2024-2037F
- Spain, Market Value (USD Thousand), CAGR & Y-o-Y Growth Trend, 2024-2037F
- Russia, Market Value (USD Thousand), CAGR & Y-o-Y Growth Trend, 2024-2037F
- BENELUX, Market Value (USD Thousand), CAGR & Y-o-Y Growth Trend, 2024-2037F
- Poland, Market Value (USD Thousand), CAGR & Y-o-Y Growth Trend, 2024-2037F
- Rest of Europe, Market Value (USD Thousand), CAGR & Y-o-Y Growth Trend, 2024-2037F
- Cross Analysis of Load Type w.r.t. Application (USD Million), 2024-2037
- Asia Pacific Excluding Japan Industrial Power Inverter Market Outlook
- Market Overview
- Market Revenue by Value (USD Thousand), and Compound Annual Growth Rate (CAGR)
- Asia Pacific Excluding Japan Industrial Power Inverter Market Segmentation Analysis (2024-2037)
- By Type
- Solar Inverter, Market Value (USD Million), and CAGR, 2024-2037F
- Vehicle Inverter, Market Value (USD Million), and CAGR, 2024-2037F
- By Output Voltage
- Low Power (< = 240 V), Market Value (USD Million), and CAGR, 2024-2037F
- Medium Power (240 V - 690 kVA), Market Value (USD Million), and CAGR, 2024-2037F
- High Power (Above 690 V), Market Value (USD Million), and CAGR, 2024-2037F
- By Load Type
- Single Phase Inverter, Market Value (USD Million), and CAGR, 2024-2037F
- Three Phase Inverter, Market Value (USD Million), and CAGR, 2024-2037F
- By Grid Connection
- Grid Tie Inverters, Market Value (USD Million), and CAGR, 2024-2037F
- Off Grid Inverters, Market Value (USD Million), and CAGR, 2024-2037F
- By Application
- Oil & Gas, Market Value (USD Million), and CAGR, 2024-2037F
- Chemicals, Market Value (USD Million), and CAGR, 2024-2037F
- Power And Energy, Market Value (USD Million), and CAGR, 2024-2037F
- Mining & Metallurgy, Market Value (USD Million), and CAGR, 2024-2037F
- Cement, Market Value (USD Million), and CAGR, 2024-2037F
- Others, Market Value (USD Million), and CAGR, 2024-2037F
- By Country
- China, Market Value (USD Thousand), CAGR & Y-o-Y Growth Trend, 2024-2037F
- India, Market Value (USD Thousand), CAGR & Y-o-Y Growth Trend, 2024-2037F
- South Korea, Market Value (USD Thousand), CAGR & Y-o-Y Growth Trend, 2024-2037F
- Australia, Market Value (USD Thousand), CAGR & Y-o-Y Growth Trend, 2024-2037F
- Indonesia, Market Value (USD Thousand), CAGR & Y-o-Y Growth Trend, 2024-2037F
- Malaysia, Market Value (USD Thousand), CAGR & Y-o-Y Growth Trend, 2024-2037F
- Vietnam, Market Value (USD Thousand), CAGR & Y-o-Y Growth Trend, 2024-2037F
- Thailand, Market Value (USD Thousand), CAGR & Y-o-Y Growth Trend, 2024-2037F
- Singapore, Market Value (USD Thousand), CAGR & Y-o-Y Growth Trend, 2024-2037F
- New Zealand, Market Value (USD Thousand), CAGR & Y-o-Y Growth Trend, 2024-2037F
- Rest of APEJ, Market Value (USD Thousand), CAGR & Y-o-Y Growth Trend, 2024-2037F
- Japan Industrial Power Inverter Market Outlook
- Market Overview
- Market Revenue by Value (USD Thousand), and Compound Annual Growth Rate (CAGR)
- Japan Industrial Power Inverter Market Segmentation Analysis (2024-2037)
- By Type
- Solar Inverter, Market Value (USD Million), and CAGR, 2024-2037F
- Vehicle Inverter, Market Value (USD Million), and CAGR, 2024-2037F
- By Output Voltage
- Low Power (< = 240 V), Market Value (USD Million), and CAGR, 2024-2037F
- Medium Power (240 V - 690 kVA), Market Value (USD Million), and CAGR, 2024-2037F
- High Power (Above 690 V), Market Value (USD Million), and CAGR, 2024-2037F
- By Load Type
- Single Phase Inverter, Market Value (USD Million), and CAGR, 2024-2037F
- Three Phase Inverter, Market Value (USD Million), and CAGR, 2024-2037F
- By Grid Connection
- Grid Tie Inverters, Market Value (USD Million), and CAGR, 2024-2037F
- Off Grid Inverters, Market Value (USD Million), and CAGR, 2024-2037F
- By Application
- Oil & Gas, Market Value (USD Million), and CAGR, 2024-2037F
- Chemicals, Market Value (USD Million), and CAGR, 2024-2037F
- Power And Energy, Market Value (USD Million), and CAGR, 2024-2037F
- Mining & Metallurgy, Market Value (USD Million), and CAGR, 2024-2037F
- Cement, Market Value (USD Million), and CAGR, 2024-2037F
- Others, Market Value (USD Million), and CAGR, 2024-2037F
- Cross Analysis of Load Type w.r.t. Application (USD Million), 2024-2037
- Latin America Industrial Power Inverter Market Outlook
- Market Overview
- Market Revenue by Value (USD Thousand), and Compound Annual Growth Rate (CAGR)
- Latin America Industrial Power Inverter Market Segmentation Analysis (2024-2037)
- By Type
- Solar Inverter, Market Value (USD Million), and CAGR, 2024-2037F
- Vehicle Inverter, Market Value (USD Million), and CAGR, 2024-2037F
- By Output Voltage
- Low Power (< = 240 V), Market Value (USD Million), and CAGR, 2024-2037F
- Medium Power (240 V - 690 kVA), Market Value (USD Million), and CAGR, 2024-2037F
- High Power (Above 690 V), Market Value (USD Million), and CAGR, 2024-2037F
- By Load Type
- Single Phase Inverter, Market Value (USD Million), and CAGR, 2024-2037F
- Three Phase Inverter, Market Value (USD Million), and CAGR, 2024-2037F
- By Grid Connection
- Grid Tie Inverters, Market Value (USD Million), and CAGR, 2024-2037F
- Off Grid Inverters, Market Value (USD Million), and CAGR, 2024-2037F
- By Application
- Oil & Gas, Market Value (USD Million), and CAGR, 2024-2037F
- Chemicals, Market Value (USD Million), and CAGR, 2024-2037F
- Power And Energy, Market Value (USD Million), and CAGR, 2024-2037F
- Mining & Metallurgy, Market Value (USD Million), and CAGR, 2024-2037F
- Cement, Market Value (USD Million), and CAGR, 2024-2037F
- Others, Market Value (USD Million), and CAGR, 2024-2037F
- By Country
- Brazil, Market Value (USD Thousand), CAGR & Y-o-Y Growth Trend, 2024-2037F
- Argentina, Market Value (USD Thousand), CAGR & Y-o-Y Growth Trend, 2024-2037F
- Mexico, Market Value (USD Thousand), CAGR & Y-o-Y Growth Trend, 2024-2037F
- Rest of Latin America, Market Value (USD Thousand), CAGR & Y-o-Y Growth Trend, 2024-2037F
- Cross Analysis of Load Type w.r.t. Application (USD Million), 2024-2037
- Middle East & Africa Industrial Power Inverter Market Outlook
- Market Overview
- Market Revenue by Value (USD Thousand), and Compound Annual Growth Rate (CAGR)
- Middle East & Africa Industrial Power Inverter Market Segmentation Analysis (2024-2037)
- By Type
- Solar Inverter, Market Value (USD Million), and CAGR, 2024-2037F
- Vehicle Inverter, Market Value (USD Million), and CAGR, 2024-2037F
- By Output Voltage
- Low Power (< = 240 V), Market Value (USD Million), and CAGR, 2024-2037F
- Medium Power (240 V - 690 kVA), Market Value (USD Million), and CAGR, 2024-2037F
- High Power (Above 690 V), Market Value (USD Million), and CAGR, 2024-2037F
- By Load Type
- Single Phase Inverter, Market Value (USD Million), and CAGR, 2024-2037F
- Three Phase Inverter, Market Value (USD Million), and CAGR, 2024-2037F
- By Grid Connection
- Grid Tie Inverters, Market Value (USD Million), and CAGR, 2024-2037F
- Off Grid Inverters, Market Value (USD Million), and CAGR, 2024-2037F
- By Application
- Oil & Gas, Market Value (USD Million), and CAGR, 2024-2037F
- Chemicals, Market Value (USD Million), and CAGR, 2024-2037F
- Power And Energy, Market Value (USD Million), and CAGR, 2024-2037F
- Mining & Metallurgy, Market Value (USD Million), and CAGR, 2024-2037F
- Cement, Market Value (USD Million), and CAGR, 2024-2037F
- Others, Market Value (USD Million), and CAGR, 2024-2037F
- By Country
- GCC, Market Value (USD Thousand), Volume (Tons) and CAGR, 2024-2037F
- Israel, Market Value (USD Thousand), Volume (Tons) and CAGR, 2024-2037F
- South Africa, Market Value (USD Million), Volume (Tons) CAGR & Y-o-Y Growth Trend, 2024-2037F
- Rest of Middle East & Africa, Market Value (USD Thousand), Volume (Tons) and CAGR, 2024-2037F
- About the Publisher
Companies Mentioned
- ABB
- Delta Electronics Inc.
- Enertechups
- Enphase Energy
- Fuji Electric Co. Ltd.
- Huawei Technologies Co. Ltd.
- Mitsubishi Electric Corporation
- OMRON Corporation
- Rockwell Automation Inc.
- Schneider Electric
- Siemens
- SUNGROW
