Automobile sales are skyrocketing with the growing popularity of trucks and SUVs, and the rising demand for compact sedans in North America. Moreover, a few OEMs aim to reconfigure their product lines to launch only electric vehicle (EV) manufacturing lines. In the first trimester of 2021, Volvo declared that it would start selling only electric cars from 2030. General Motors plans to provide only electric LDVs by 2035. Truck manufacturers such as MAN, Daimler, Scania, Volvo, and Renault are also seeking the all-electric future. Inverters are required for channeling power from battery packs to motors and onboard systems in all forms of electric cars. Vehicle inverters are used in both electric and internal combustion engine (ICE) vehicles. The growing trend of using in-wheel microinverter systems and increased incorporation of AC power inverters in EVs are boosting the portable power inverter market growth. Delphi Technologies PLC introduced the first combined inverter and DC/DC converter in February 2018. With ongoing product developments, automobile manufacturers can now deliver more efficient products with high power density in smaller and lighter packaging. Delphi Technologies PLC invested in PolyCharge America, Inc. in January 2018 to market a revolutionary capacitor technology. This technology can assist in the construction of smaller and lighter high-power inverters, with high-temperature resistance.
Vendors in the North America 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.
North America Portable Power Inverter Market Segmentation
The North America 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 North America 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 North America 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 North America 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 North America industrial air filter market is segmented into the US, Canada, and Mexico; the US held the largest market share in 2020.
COBRA ELECTRONICS CORPORATION; COTEK; EATON; ENERGIZER HOLDINGS, INC.; EXELTECH; Kisae Technology Inc.; OSRAM GmbH; and Rally Manufacturing are among the key companies operating in the North America portable power inverter market.
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 460.27 Million |
| Market Size by 2028 | US$ 678.31 Million |
| CAGR (2021 - 2028) | 5.7% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Phase
|
| Regions and Countries Covered |
North America
|
| Market leaders and key company profiles |
|
The North America Portable Power Inverter Market is valued at US$ 460.27 Million in 2021, it is projected to reach US$ 678.31 Million by 2028.
As per our report North America Portable Power Inverter Market, the market size is valued at US$ 460.27 Million in 2021, projecting it to reach US$ 678.31 Million by 2028. This translates to a CAGR of approximately 5.7% during the forecast period.
The North America 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 North America Portable Power Inverter Market report:
The North America Portable Power Inverter Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The North America Portable Power Inverter Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the North America Portable Power Inverter Market value chain can benefit from the information contained in a comprehensive market report.
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