Persistence Market Research (PMR) has released a new market research study on the Global Compact Inverter Technology Market, covering Global Industry Analysis 2014-2018 and Forecasts 2019-2029. This research study provides an in-depth analysis for the coming decade.
That global market for compact inverter technology was valued at ~$800 million in 2014 and is expected to exceed ~$1.1 billion by the end of 2019 through 2029 and is projected to reach a market value of ~$2.5 billion by the end of forecast year 2029.
This research report provides key forecasts and macroeconomic factors expected to propel Compact Inverter Technology Market growth. The Compact Inverter Technology Market report also discusses the challenges that are expected to hamper the global market growth. The Compact Inverter Technology Market also provides an analysis of the potential opportunities to look forward to and the latest trends in the market.
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Increasing adoption of portable power storage devices to boost market growth
The compact inverter technology market is segmented into fixed and portable by type. Additionally, compact stationary inverters can be installed in cars, trucks and even RVs, making them ideal for off-road professional drivers. By phase, the global compact inverter technology market is segmented into single-phase and three-phase. The three-phase segment is expected to remain prominent in the compact inverter technology market throughout the forecast period.
According to the output voltage, the market for compact converter technology is divided into up to 240 volts and over 240 volts. It is estimated that the above 240 volt segment of the compact inverter technology market will increase due to the…