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Press release content from Business Wire. The AP news staff was not involved in its creation.

North America Power Inverter Market to Generate a Value of US $16.6 Billion with a CAGR of 6.4%, 2019-2024 - ResearchAndMarkets.com

January 8, 2020 GMT

DUBLIN--(BUSINESS WIRE)--Jan 8, 2020--

The “North America Power Inverter Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024” report has been added to ResearchAndMarkets.com’s offering.

The publisher expects the market to reach a value of US$ 16.6 Billion by 2024, registering a CAGR of 6.4% during 2019-2024.

The North America power inverter market reached a value of US$ 11.4 Billion in 2018. Power inverter, commonly known as inverter, is an electric device that converts direct current (DC) into alternating current (AC) while changing respective voltages. They provide an uninterrupted power supply and act as an alternate backup power solution in case of emergencies and are generally connected to batteries, solar panels, high-voltage transmission lines in order to efficiently convert and store the alternating current to direct current. In comparison to an electric generator, inverter is noise-free, eco-friendly, easy to install and operate, cost-effective, and convenient. Owing to this, it is employed for rail traction, wind turbines, motor drives, etc.

North America represents one of the largest markets for power inverters accounting to several initiatives for energy conservation by switching to sustainable energy sources. In addition to this, various regulatory measures, in order to reduce the carbon footprints have boosted the sales of power inverters in the region. Increasing infrastructural advancements across the region will continue to spur the demand in the upcoming years.

Key Questions Answered in This Report:

Report Coverage:

Key Topics Covered:

1 Preface

2 Scope and Methodology

2.1 Objectives of the Study

2.2 Stakeholders

2.3 Data Sources

2.3.1 Primary Sources

2.3.2 Secondary Sources

2.4 Market Estimation

2.4.1 Bottom-Up Approach

2.4.2 Top-Down Approach

2.5 Forecasting Methodology

3 Executive Summary

4 Introduction

4.1 Overview

4.2 Key Industry Trends

5 Global Power Inverter Market

5.1 Market Performance

5.2 Market Breakup by Type

5.3 Market Breakup by Application

5.4 Market Breakup by End-Use Sector

5.5 Market Breakup by Region

5.6 Market Forecast

6 North America Power Inverter Market

6.1 Market Performance

6.2 Market Forecast

7 North America Power Inverter Market: Breakup by Type

7.1 < 5KW

7.2 5KW to 95KW

7.3 100KW to 495KW

7.4 Above 500KW

8 North America Power Inverter Market: Breakup by Application

8.1 Motor Drives

8.2 UPS

8.3 Rail Traction

8.4 Wind Turbines

8.5 EVs/HEVs

8.6 Solar PVs

8.7 Others

9 North America Power Inverter Market: Breakup by End-Use Sector

9.1 Utility

9.2 Residential

9.3 Commercial and Industrial

10 North America Power Inverter Market: Breakup by Country

10.1 United States

10.1.1 Historical Market Trends

10.1.2 Market Breakup by Type

10.1.3 Market Breakup by Application

10.1.4 Market Breakup by End-Use Sector

10.1.5 Market Forecast

10.2 Canada

10.3 Mexico

11 SWOT Analysis

11.1 Overview

11.2 Strengths

11.3 Weaknesses

11.4 Opportunities

11.5 Threats

12 Value Chain Analysis

12.1 Overview

12.2 Research and Development

12.3 Raw Material Procurement

12.4 Manufacturing

12.5 Marketing

12.6 Distribution

12.7 End-Use

13 Porter’s Five Forces Analysis

13.1 Overview

13.2 Bargaining Power of Buyers

13.3 Bargaining Power of Suppliers

13.4 Degree of Rivalry

13.5 Threat of New Entrants

13.6 Threat of Substitutes

14 Price Analysis

15 Competitive Landscape

15.1 Market Structure

15.2 Key Players

15.3 Profiles of Key Players

For more information about this report visit https://www.researchandmarkets.com/r/sj4k9d

View source version on businesswire.com:https://www.businesswire.com/news/home/20200108005643/en/

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SOURCE: Research and Markets

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PUB: 01/08/2020 10:58 AM/DISC: 01/08/2020 10:58 AM