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. Cobra Electronics Corporation
2. COTEK
3. Eaton
4. ENERGIZER Holding INC.
5. EXELTECH
6. Growatt New Energy
7. Kisae Technology Inc.
8. Rally Manufacturing

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