According to the latest research by Fact.MR, the grid tie inverter market is set to witness steady growth during 2021-2031. In short term, the demand is expected to increase at a steady pace. However, in the long run sales of these mixers is anticipated to grow with an impressive growth rate of more than 6.5% CAGR during the forecast period.
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Key Segments
-
By Type
- Low frequency transformer coupling
- High frequency transformer coupling
-
By Voltage Output
- Less than 500 v
- 500 – 1000 v
- Above 1000 v
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By Application
- Residential
- Commercial
- Industrial
- Others
-
By Distribution Channel
- Online Channel
- E-commerce website
- Company Owned Website
- Offline Channel
- Department Store
- Specialty Store
- Retail Store
- Others
-
By Region
- North America
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- Europe
- Germany
- France
- Spain
- UK
- Italy
- BENELUX
- Russia
- Rest of Europe
- East Asia
- South Asia & Oceania
- India
- Thailand
- Malaysia
- Indonesia
- Australia
- New Zealand
- Rest of South Asia & Oceania
- Middle East and Africa
- GCC Countries
- South Africa
- Turkey
- Rest of Middle East and Africa
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Who are the Key Manufacturers and Suppliers of Grid Tie Inverter?
Some of the leading manufacturers and suppliers of the grid tie inverter include Mitsubishi Electric Corporation, Emerson Electric, CyberPower, RS Components India, Huawei Technologies, Power Electronics, SMA Solar Technology, Luminous Power Technology, Sungrow Power Supply and other prominent players.
The market for grid tie inverter is fairly fragmented. Manufacturers are investing to make more energy-efficient inverter, they are investing to make inverters which are more than 99% efficient. They also investing to make products more user friendly.
What Factors Influencing Sales of Grid Tie Inverter?
Pandemics such as COVID-19 are unforeseen and have affected all the economies around the world, COVID-19 has impacted the demand for these inverters. The imposition of lockdowns around the world and stoppage in production has affected the market of grid tie inverters.
These types of inverter have an efficiency of more than 95% and depending on power capacity, they are capable of providing electricity to a house for a day or more than a week.
By generating power from wind and solar power these inverters are providing clean and renewable energy. Rising demand for inverters which generate power from natural energy source will influence sales of grid tie inverters across the globe.
These types of inverters are available in various forms, consumer can get a low frequency or a high-frequency transformer coupling depending on the use. Depending on the power capacity these inverters can be used for small houses to power big buildings. Some manufacturers are also customizing these inverters as per the requirement of the consumers. Leading to these factors it is expected to see a rise in sales of grid tie inverter.
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The Report Covers Exhaustive Analysis On:
- Grid Tie Inverter Market Drivers, Segments and Restraints.
- Grid Tie Inverter Market Survey and Dynamics
- Grid Tie Inverter Market Size & Demand
- Grid Tie Inverter Key Trends/Issues/Challenges
- Grid Tie Inverter Sales, Competition & Companies involved
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