Report : Middle East and Africa Portable Power Inverter Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Phase (Single Phase and Three Phase), Output Voltage (Up to 240W and Above 240W), Application (Residential, Commercial, and Industrial), and Power (1000W to 2500W and 2500W to 5000W)
Single phase Segment held the Largest Market Share of MEA Portable Power Inverter Market during 2021–2028
According to our latest study on “MEA Portable Power Inverter Market Forecast to 2028 –Analysis – by Phase, Output voltage, Application and Power” The MEA portable power inverter market is expected to grow from US$ 93.82 million in 2021 to US$ 123.72 million by 2028; it is estimated to grow at a CAGR of 4.0% from 2021 to 2028.The report highlights trends prevailing in the market, and the drivers and restraints pertaining to the market growth. The growth of this market is estimated to grow owing to key driving factors such as the market is driven with Due to continued urbanization and population, the energy demand has skyrocketed, necessitating the use of alternative energy sources to meet this requirement. However, the pricing of these inverters stands as one of the key restraining factors for the MEA portable power inverter market.
The MEA portable power inverter market is segmented on the basis of phase, output voltage, application, power, and country. Based on phase, the market has been bifurcated as single phase and three phase. The single phase segment accounted for a larger market share, whereas the three phase segment is expected to report a higher CAGR during the forecast period. Based on output voltage, the MEA portable power inverter market has been segmented as up to 240W and above 240W. In 2020, the up to 240W segment accounted a larger market share. Based on application, the MEA portable power inverter market has been categorized into residential, commercial, and industrial. In 2020, the residential segment accounted for the largest market share. Based on power, the MEA portable power inverter market has been categorized as 1000 W to 2500 W and 2500 W to 5000 W. The 1000 W to 2500 W segment accounted for a larger market share in 2020. Based on country, the MEA portable power inverter market is segmented into the South Africa, Saudi Arabia, UAE, and the Rest of MEA. UAE held the largest market share in 2020.
COTEK; Eaton; ENERGIZER HOLDINGS INC.; EXELTECH; OSRAM GmbH; and Rally Manufacturing are among the leading companies in the MEA portable power inverter market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. In addition, truck manufacturers such as MAN, Daimler, Scania, Volvo, and Renault seek the all-electric future.
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