(MENAFN- America News Hour)In a recent published report, Kenneth Research has updated the market report for DC-AC Inverter Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for DC-AC Inverter Market products.
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A report on DC-AC Inverter Market has been added by Kenneth Research into its market research repository. The report provides an extensive analysis of the market by determining the relationship between the dependent and independent variables through correlation and regression for the forecast period, i.e., 2021 2025. The report on DC-AC Inverter Market further provides the supply and demand risks associated with the growth of the market, and consists of macro-economic indicators that are contributing to the market growth. The market is thriving on account of the growing trade on fuel worldwide, backed by the rising demand for energy from the end-users.
According to the statistics by the World Bank, exports of fuel increased from 12.91% of merchandise exports in 2001 to 14.25% of merchandise exports in 2018. Additionally, imports of fuel registered a growth by 1.28x between the years 2001 and 2018. In 2001, the import of fuel was 10.30% of merchandise exports whereas in 2018, it was 13.19% of merchandise exports. On the other hand, the increasing focus of the players in the energy and power industry to lower their cost of operations so as to enhance their profitability, is also anticipated to contribute to the market growth. The natural gas rents, which is defined as the difference between the total cost of production of natural gas and the production value at world prices, decreased significantly from 0.40% of GDP in 2001 to 0.18% of GDP in 2017. Alternatively, the oil rents, which increased from 1.09% of GDP in 2001 to 1.30% of GDP in 2019, portrays the need amongst the players to enhance their focus in reducing the cost of production of oil.
A comprehensive research report created through extensive primary research (inputs from industry experts, companies, stakeholders) and secondary research, the report aims to present the analysis of Global DC-AC Inverter Market. The report analyses the DC-AC Inverter DC-AC inverter market By Application Type (Power Backups, Solar PVs), By Ratings Type (1MW), By Output Waveform Type (Sine wave, Square Wave, Modified Sine wave) and By Phase Output Type (Single Phase, Three Phase). The report on DC-AC Inverter DC-AC inverter market has been analysed By Region (Americas, Europe, Asia Pacific, Middle East Africa) and By Country (United States, Canada, Mexico, Brazil, Rest of Americas, Germany, France, Italy, United Kingdom, Rest of Europe, China, Japan, India, Rest of APAC, Middle east, Africa and Rest of M.E.A). The report assesses the DC-AC Inverter DC-AC inverter market for the historical period of 2013-2017 and the forecast period of 2018-2023.
Global DC-AC inverter DC-AC inverter market is expected to grow mainly due to growing demand of electricity in developing countries. Additionally, the developed countries are switching to renewable source of energy as a backup power source, leading to the demand of solar inverters for various purposes.
According to Analytics research report '' Global DC-AC Inverter DC-AC inverter market – By Application (Power Backups, Solar PVs) , By Rating Type ( 1MW), By Waveform Output (Sine, Square, Modified Sine), By Phase Output (Single Phase, Three Phase), By Region, By Country (2018 Edition): Opportunities and Forecast (2013-2023)'' Global DCE-AC inverter DC-AC inverter market is projected to display growth represented by a CAGR of over 5.52% during 2018 – 2023, primarily driven by growing industrialization and trend of using renewable energy for the generation of electricity. Leading DC-AC inverters manufacturing companies are developing power optimizing solutions for energy saving purposes which might help the inverter DC-AC inverter market to expand in forecasted period. There is a tremendous increase in the Global PV installed capacity net addition and thus the demand for the solar inverters is expected to increase from various sectors.
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Scope of the Report
Global DC-AC Inverter DC-AC inverter market (Actual Period: 2017, Forecast Period: 2018-2023)
__ DC-AC Inverter DC-AC inverter market – Size, Growth, Forecast
__ By Application Type – Power Backup, Solar PVs
__ By Rating Type – Less Than 5KW, Between 5KW to 1MW, More than 1MW
__ By Output Waveform Type – Sine wave, Square Wave, Modified Sine wave
__ By Phase output Type – Single Phase, Three Phase
Regional Markets – Americas, Europe, Asia Pacific, Middle East, Africa (Actual Period: 2017, Forecast Period: 2018-2023)
DC-AC Inverter DC-AC inverter market – Size, Growth, Forecast
__ By Application Type – Power Backup, Solar PVs
__ By Rating Type – Less Than 5KW, Between 5KW to 1MW, More than 1MW
__ By Output Waveform Type – Sine wave, Square Wave, Modified Sine wave
__ By Phase output Type – Single Phase, Three Phase
Country Analysis – US, Canada, Mexico, Brazil, Rest of Americas, Germany, France, Italy, UK, Rest of Europe, China, Japan, India (Actual Period: 2017, Forecast Period: 2018-2023)
DC-AC Inverter DC-AC inverter market – Size, Growth, Forecast
__ By Application Type – Power Backup, Solar PVs
__ By Rating Type – Less Than 5KW, Between 5KW to 1MW, More than 1MW
__ By Output Waveform Type – Sine wave, Square Wave, Modified Sine wave
__ By Phase output Type – Single Phase, Three Phase
Other Report Highlights
__ DC-AC inverter market Dynamics – Drivers and Restraints
__ DC-AC inverter market Trends
__ SWOT Analysis and Porter's Five Forces Analyis
__ Company Analysis – SMA Solar Technology, Omron, Bonfiglioli, TMEIC, Huawei, Sungrow, ABB, Solar Edge, Schneider Electric, Luminous, Tabuchi Electric
Customization of the Report
The report could be customized according to the client's specific research requirements. No additional cost will be required to pay for limited additional research.
The DC-AC inverter market report answers the following questions:
What is the aim of the report?
- The DC-AC inverter market report presents the estimated DC-AC inverter market size of DC-AC inverter market by the end of forecast period. Additionally, the historical and current DC-AC inverter market size is also examined in the report.
- Based on various indicators, the Year on Year growth (%) and compound annual growth rate (CAGR) for the given forecast period is offered.
- An overview of the DC-AC inverter market based on geographical scope, DC-AC inverter market segmentation and financial performance of key players is presented in the report.
- The report presents current trends in the industry and future scope of the DC-AC inverter market in North America, Asia Pacific, Europe, Latin America and Middle East and Africa.
- The various parameters accelerating the growth of the DC-AC inverter market are incorporated in the research report.
- The report analyzes growth rate, DC-AC inverter market size and valuation of the DC-AC inverter market during the forecast period.
What aspects regarding the regional analysis of DC-AC inverter market are included in this report?
- Geographical regions covered in the report include North America, Europe, Asia Pacific, Latin America and Middle East & Africa region.
- The report consists of detailed region-wise analysis of current and future DC-AC inverter market trends, providing information on product usage and consumption.
- The growth rate of the DC-AC inverter market in every region, including their countries over the forecast period is included in the DC-AC inverter market report.
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What is the aim of the report?
- The market report presents the estimated market size of market by the end of forecast period. Additionally, the historical and current market size is also examined in the report.
- Based on various indicators, the Year on Year growth (%) and compound annual growth rate (CAGR) for the given forecast period is offered.
- An overview of the market based on geographical scope, market segmentation and financial performance of key players is presented in the report.
- The report presents current trends in the industry and future scope of the market in North America, Asia Pacific, Europe, Latin America and Middle East and Africa.
- The various parameters accelerating the growth of the market are incorporated in the research report.
- The report analyzes growth rate, market size and valuation of the market during the forecast period.
What aspects regarding the regional analysis of market are included in this report?
- Geographical regions covered in the report include North America, Europe, Asia Pacific, Latin America and Middle East & Africa region.
- The report consists of detailed region-wise analysis of current and future market trends, providing information on product usage and consumption.
- The growth rate of the market in every region, including their countries over the forecast period is included in the market report.
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Darlene Dooley
Darlene Dooley is a research expert and freelance writer. She is very dedicated towards her work and writing. She enjoys to write on current news on any industry and conclude the news with highly professional report. She has almost 8 years of experience in the same field. She has strong professional skill in Market research, Business Strategies, online marketing, Industry analysis interested in innovative and trending technologies.
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