The adoption of inverters for personal use in the residential sector has been around for decades. In the current scenario, the attention toward portable power inverters has risen significantly due to portability and lower energy consumption. Further, the adoption of portable power inverters is likely to grow over the years with the rise in procurement of solar PV portable inverters in the residential sector.
An increase in the sale of household appliances is one of the key factors propelling the demand for power inverters. Over the past couple of years, the work-from-home model has triggered the use of laptops, desktops, and other consumer electronics, especially in homes, which require a continuous power supply. Due to this, the need for portable power inverters has risen remarkably across the region. Moreover, the increased frequency of sudden power outages in recent years has reflected the demand for power inverters in the residential sector, thereby underlining the need for inverters to ensure uninterrupted operations of electronics during power outages.
Vendors in the Vendors in the europe portable power inverter market can attract new customers and expand their footprints in emerging markets by offering 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.
Europe Portable Power Inverter Market Segmentation
The Europe 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 Europe 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 Europe 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 Europe 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 Europe portable power inverter market is segmented into the Germany, France, Italy, Russia, UK, and the Rest of Europe. Germany held the largest market share in 2020.
Cobra Electronics Corporation; COTEK, Eaton; ENERGIZER HOLDINGS, INC.; EXELTECH; Growatt New Energy; Kisae Technology Inc.; OSRAM GmbH; Rally Manufacturing; and Ring Automotive Ltd. are among the leading companies in the Europe portable power inverter market.
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 352.34 Million |
| Market Size by 2028 | US$ 576.94 Million |
| CAGR (2021 - 2028) | 7.3% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Phase
|
| Regions and Countries Covered |
Europe
|
| Market leaders and key company profiles |
|
The Europe Portable Power Inverter Market is valued at US$ 352.34 Million in 2021, it is projected to reach US$ 576.94 Million by 2028.
As per our report Europe Portable Power Inverter Market, the market size is valued at US$ 352.34 Million in 2021, projecting it to reach US$ 576.94 Million by 2028. This translates to a CAGR of approximately 7.3% during the forecast period.
The Europe Portable Power Inverter Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Europe Portable Power Inverter Market report:
The Europe Portable Power Inverter Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Europe Portable Power Inverter Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Europe Portable Power Inverter Market value chain can benefit from the information contained in a comprehensive market report.
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