Single Phase Static Inverter Market size was valued at US$ 1.89 billion in 2024 and is projected to reach US$ 3.78 billion by 2032, at a CAGR of 10.6% during the forecast period 2025-2032
Report Studies
• The global Single Phase Static Inverter Market size was valued at US$ 1.89 billion in 2024 and is projected to reach US$ 3.78 billion by 2032, at a CAGR of 10.6% during the forecast period 2025-2032. While the U.S. currently leads with an estimated market size of USD 120 million in 2024, China is anticipated to witness accelerated growth, potentially reaching USD 180 million by 2032.
• Single phase static inverters are power conversion devices that transform DC input into stable AC output with either fixed or adjustable frequency/voltage characteristics. These essential components consist of three primary elements: an inverter bridge for power conversion, control logic for operational management, and filter circuits for output refinement. They play critical roles across multiple industries where reliable power conversion is paramount.
By Type:
• The market is segmented based on type into:
• High Power Inverter
• Low Power Inverter
By Application:
• The market is segmented based on application into:
• Transport
• Communication
• Others
• Microtek (India)
• UTL Solar (India)
• Exide Industries (India)
• Polycab (India)
• EAPRO Global Ltd. (UK)
• Growatt New Energy Co., Ltd (China)
• Applied Power Systems, Inc. (U.S.)
• Hitachi America Ltd., Industrial Systems Division (Japan/U.S.)
• Power Machines Ltd (Russia)
