Asia Pacific 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)
The APAC portable power inverter market is expected to grow from US$ 392.72 million in 2021 to US$ 753.49 million by 2028; it is estimated to grow at a CAGR of 9.8% from 2021 to 2028.
Solar power plants generate DC power, which is incompatible with common household appliances. Solar inverters convert this fluctuating DC output of PV solar panels to usable AC, which can be used to power electric appliances and devices. Commercial solar systems are installed on rooftops or on the ground to create renewable energy, allowing users to take advantage of various government incentives. PV systems on a commercial scale generate green energy and save money on electricity costs. A rapid increase in energy demands necessitates utilizing alternative energy sources. Carbon emissions are strongly linked to traditional energy sources based on fossil fuels, such as coal and petroleum. As a result, renewable energy sources, especially solar energy, are gaining traction in electricity generation. The growing inclination toward solar energy for electricity generation is expected to drive the demand for portable power inverters in the coming years.
The rising concerns about global warming and increasing measures to minimize dependency on fossil fuels are also bolstering the adoption of solar energy. According to the International Energy Agency (IEA) estimates, solar energy generation capacity is expected to reach 3,300 TWh by 2030. Several countries, including India, are attempting to build large solar power-producing facilities to harness solar energy. These factors are expected to offer lucrative opportunities to players operating in the Asia Pacific portable power inverter market during the forecast period.
Vendors in the APAC portable power inverter market can attract new customers and expand their footprints in emerging markets by offering innovative features and technologies. This factor is likely to drive the market at a promising CAGR during the forecast period.
APAC Portable Power Inverter Market Revenue and Forecast to 2028 (US$ Million)
APAC Portable Power Inverter Market Segmentation
The APAC 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 APAC 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 APAC 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 APAC 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 APAC portable power inverter market is segmented into the Australia, China, India, and the Rest of APAC. China held the largest market share in 2020.
Cobra Electronics Corporation; COTEK, Eaton; ENERGIZER Holding INC.; EXELTECH; Growatt New Energy; Kisae Technology Inc.; and Rally Manufacturing are among the leading companies in the APAC portable power inverter market.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. APAC Portable Power Inverter Market Landscape
4.1 Market Overview
4.2 APAC PEST Analysis
4.2.1 APAC PEST Analysis
4.3 APAC Portable Power Inverter Market – Ecosystem Analysis
4.4 Expert Opinion
5. APAC Portable Power Inverter Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Rising Penetration of Electric Vehicles
5.1.2 Continuous Increase in Demand from Residential Sector
5.2 Market Restraints
5.2.1 Higher Product Cost and Long Life Span
5.3 Market Opportunities
5.3.1 Increasing Adoption of Solar Energy
5.4 Future Trends
5.4.1 Increasing Government Initiatives to Reduce the Emission of Greenhouse Gas (GHG)
5.5 Impact Analysis of Drivers and Restraints
6. Portable Power Inverter Market – APAC Market Analysis
6.1 APAC Portable Power Inverter Market Overview
6.2 APAC Portable Power Inverter Market Forecast and Analysis
7. APAC Portable Power Inverter Market Analysis – By Phase
7.1 Overview
7.2 APAC Portable Power Inverter Market, By Phase (2020 and 2028)
7.3 Single-Phase
7.3.1 Overview
7.3.2 Single-Phase: Portable Power Inverter Market – Revenue and Forecast to 2028 (US$ Million)
7.4 Three-Phase
7.4.1 Overview
7.4.2 Three-Phase: Portable Power Inverter Market – Revenue and Forecast to 2028 (US$ Million)
8. APAC Portable Power Inverter Market Analysis – By Output Voltage
8.1 Overview
8.2 APAC Portable Power Inverter Market, By Output Voltage (2020 and 2028)
8.3 Upto 240 Volts
8.3.1 Upto 240 Volts: Portable Power Inverter Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Above 240 Volts
8.4.1 Above 240 Volts: Portable Power Inverter Market – Revenue and Forecast to 2028 (US$ Million)
9. APAC Portable Power Inverter Market Analysis – By Application
9.1 Overview
9.2 APAC Portable Power Inverter Market, By Application (2020 and 2028)
9.3 Residential
9.3.1 Overview
9.3.2 Residential: Portable Power Inverter Market – Revenue and Forecast to 2028 (US$ Million)
9.4 Commercial
9.4.1 Overview
9.4.2 Commercial: Portable Power Inverter Market – Revenue and Forecast to 2028 (US$ Million)
9.5 Industrial
9.5.1 Overview
9.5.2 APAC Industrial: Portable Power Inverter Market – Revenue and Forecast to 2028 (US$ Million)
10. APAC Portable Power Inverter Market Analysis – By Power
10.1 Overview
10.2 APAC Portable Power Inverter Market, By Power (2020 and 2028)
10.30W to 2500W
10.3.1 Overview
10.3.20W to 2500W: Portable Power Inverter Market – Revenue and Forecast to 2028 (US$ Million)
10.40W to 5000W
10.4.1 Overview
10.4.20W to 5000W: Portable Power Inverter Market – Revenue and Forecast to 2028 (US$ Million)
11. APAC Portable Power Inverter Market – Country Analysis
11.1 Overview
11.1.1 APAC: Portable Power Inverter Market, By Country
11.1.1.1 Australia: Portable Power Inverter Market – Revenue and Forecast to 2028 (US$ Million)
11.1.1.1.1 Australia: Portable Power Inverter Market, By Phase
11.1.1.1.2 Australia: Portable Power Inverter Market, By Output Voltage
11.1.1.1.3 Australia: Portable Power Inverter Market, By Application
11.1.1.1.4 Australia: Portable Power Inverter Market, By Power
11.1.1.2 China: Portable Power Inverter Market – Revenue and Forecast to 2028 (US$ Million)
11.1.1.2.1 China: Portable Power Inverter Market, By Phase
11.1.1.2.2 China: Portable Power Inverter Market, By Output Voltage
11.1.1.2.3 China: Portable Power Inverter Market, By Application
11.1.1.2.4 China: Portable Power Inverter Market, By Power
11.1.1.3 India: Portable Power Inverter Market – Revenue and Forecast to 2028 (US$ Million)
11.1.1.3.1 India: Portable Power Inverter Market, By Phase
11.1.1.3.2 India: Portable Power Inverter Market, By Output Voltage
11.1.1.3.3 India: Portable Power Inverter Market, By Application
11.1.1.3.4 India: Portable Power Inverter Market, By Power
11.1.1.4 Rest of APAC: Portable Power Inverter Market – Revenue and Forecast to 2028 (US$ Million)
11.1.1.4.1 Rest of APAC: Portable Power Inverter Market, By Phase
11.1.1.4.2 Rest of APAC: Portable Power Inverter Market, By Output Voltage
11.1.1.4.3 Rest of APAC: Portable Power Inverter Market, By Application
11.1.1.4.4 Rest of APAC: Portable Power Inverter Market, By Power
12. Industry Landscape
12.1 Overview
12.2 Market Initiative
12.3 New Product Development
13. Company Profiles
13.1 Cobra Electronics Corporation
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 ENERGIZER HOLDINGS, INC.
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Kisae Technology Inc.
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 COTEK
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Rally Manufacturing
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 EXELTECH
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 Growatt New Energy
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 Eaton
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
14. Appendix
14.1 About The Insight Partners
14.1.1 Glossary
LIST OF TABLES
Table 1. APAC Portable Power Inverter Market, Revenue and Forecast, 2019–2028 (US$ Million)
Table 2. Australia: Portable Power Inverter Market, By Phase –Revenue and Forecast to 2028 (US$ Million)
Table 3. Australia: Portable Power Inverter Market, By Output Voltage –Revenue and Forecast to 2028 (US$ Million)
Table 4. Australia: Portable Power Inverter Market, By Application –Revenue and Forecast to 2028 (US$ Million)
Table 5. Australia: Portable Power Inverter Market, By Power –Revenue and Forecast to 2028 (US$ Million)
Table 6. China: Portable Power Inverter Market, By Phase –Revenue and Forecast to 2028 (US$ Million)
Table 7. China: Portable Power Inverter Market, By Output Voltage –Revenue and Forecast to 2028 (US$ Million)
Table 8. China: Portable Power Inverter Market, By Application –Revenue and Forecast to 2028 (US$ Million)
Table 9. China: Portable Power Inverter Market, By Power –Revenue and Forecast to 2028 (US$ Million)
Table 10. India: Portable Power Inverter Market, By Phase –Revenue and Forecast to 2028 (US$ Million)
Table 11. India: Portable Power Inverter Market, By Output Voltage –Revenue and Forecast to 2028 (US$ Million)
Table 12. India: Portable Power Inverter Market, By Application –Revenue and Forecast to 2028 (US$ Million)
Table 13. India: Portable Power Inverter Market, By Power –Revenue and Forecast to 2028 (US$ Million)
Table 14. Rest of APAC: Portable Power Inverter Market, By Phase –Revenue and Forecast to 2028 (US$ Million)
Table 15. Rest of APAC: Portable Power Inverter Market, By Output Voltage –Revenue and Forecast to 2028 (US$ Million)
Table 16. Rest of APAC: Portable Power Inverter Market, By Application –Revenue and Forecast to 2028 (US$ Million)
Table 17. Rest of APAC: Portable Power Inverter Market, By Power –Revenue and Forecast to 2028 (US$ Million)
Table 18. Glossary of Terms: APAC Portable Power Inverter Market
LIST OF FIGURES
Figure 1. APAC Portable Power Inverter Market Segmentation
Figure 2. APAC Portable Power Inverter Market Segmentation – Country
Figure 3. APAC Portable Power Inverter Market Overview
Figure 4. APAC Portable Power Inverter Market, By Phase
Figure 5. APAC Portable Power Inverter Market, By Application
Figure 6. APAC Portable Power Inverter Market, By country
Figure 7. Market Research
Figure 8. Research Methodology
Figure 9. APAC – PEST Analysis
Figure 10. APAC Portable Power Inverter Market: Ecosystem Analysis
Figure 11. Expert Opinion
Figure 12. APAC Portable Power Inverter Market: Impact Analysis of Drivers and Restraints
Figure 13. APAC Portable Power Inverter Market, Forecast and Analysis (US$ Million)
Figure 14. APAC Portable Power Inverter Market Revenue Share, by Phase (2020 and 2028)
Figure 15. APAC Single-Phase: Portable Power Inverter Market – Revenue and Forecast to 2028 (US$ Million)
Figure 16. APAC Three-Phase: Portable Power Inverter Market – Revenue and Forecast to 2028 (US$ Million)
Figure 17. APAC Portable Power Inverter Market Revenue Share, by Output Voltage (2020 and 2028)
Figure 18. APAC Up to 240 Volts: Portable Power Inverter Market – Revenue and Forecast to 2028 (US$ Million)
Figure 19. APAC Above 240 Volts: Portable Power Inverter Market – Revenue and Forecast to 2028 (US$ Million)
Figure 20. APAC Portable Power Inverter Market Revenue Share, by Application (2020 and 2028)
Figure 21. APAC Residential: Portable Power Inverter Market – Revenue and Forecast to 2028 (US$ Million)
Figure 22. APAC Commercial: Portable Power Inverter Market – Revenue and Forecast to 2028 (US$ Million)
Figure 23. APAC Industrial: Portable Power Inverter Market – Revenue and Forecast to 2028 (US$ Million)
Figure 24. APAC Portable Power Inverter Market Revenue Share, by Power (2020 and 2028)
Figure 25. APAC 1000W to 2500W: Portable Power Inverter Market – Revenue and Forecast to 2028 (US$ Million)
Figure 26. APAC 2500W to 5000W: Portable Power Inverter Market – Revenue and Forecast to 2028 (US$ Million)
Figure 27. APAC: Portable Power Inverter Market –By key country, Revenue (2020) (US$ Million)
Figure 28. APAC: Portable Power Inverter Market Revenue Share, By Country (2020 and 2028)
Figure 29. Australia: Portable Power Inverter Market – Revenue and Forecast to 2028 (US$ Million)
Figure 30. China: Portable Power Inverter Market – Revenue and Forecast to 2028 (US$ Million)
Figure 31. India: Portable Power Inverter Market – Revenue and Forecast to 2028 (US$ Million)
Figure 32. Rest of APAC: Portable Power Inverter Market – Revenue and Forecast to 2028 (US$ Million)
- Cobra Electronics Corporation
- COTEK
- Eaton
- ENERGIZER Holding INC.
- EXELTECH
- Growatt New Energy
- Kisae Technology Inc.
- Rally Manufacturing
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the APAC portable power inverter market.
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the APAC portable power inverter market, thereby allowing players across the value chain to develop effective long-term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth APAC market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing and distribution.