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Power Inverter Market Size - By Type(Solar Inverters, Non-solar Inverters), by Output Power(Below 10 kW, 10–50 kW, 50–100 kW, Above 100 kW), by Output Voltage(100–300 V, 300–500 V, Above 500 V), by Sales Channel(Direct, Indirect), by Application(Motor Drives, Uninterruptible Power Supply (UPS), Rail Traction, Wind Turbines, Electric Vehicles/Hybrid Electric Vehicles (EVs/HEVs), Solar PVs), by End User(PV Plants, Residential, Commercial & Industrial, Automotive) & Region - Forecasts 2023 - 2033

  • PUBLISHED ON
  • 1970-01-01
  • NO OF PAGES
  • 251
  • CATEGORY
  • Energy & Power

Global Power Inverter Market Analysis by Type, Connection Type, Power Rating, Output Voltage, Sales Channel, End User, Application and Region and segments forecast till 2033

 

Market Overview

The global Power Inverter Market was worth USD 75,250 million in 2022 and is anticipated to amplify at a CAGR of 5.54% over 2023-2033, thereby accumulating USD 115,840 million by end of the analysis timeline.

Report Scope

Report Attributes

Description

Market Size in 2022

USD 75,250 Million

Market Forecast in 2033

USD 115,840 Million

CAGR % 2023-2033

5.54%

Base Year

2022

Historic Data

2020-2021

Forecast Period

2023-2033

Report USP

Production, Consumption, company share, company heatmap, company production capacity, growth factors and more

Segments Covered

Technology, Sensor Technology, Type, Materials, Products, End use

Regional Scope

North America, Europe, APAC, South America and Middle East and Africa

Country Scope

U.S.; Canada; U.K.; Germany; France; Italy; Spain; Benelux; Nordic Countries; Russia; China; India; Japan; South Korea; Australia; Indonesia; Thailand; Mexico; Brazil; Argentina; Saudi Arabia; UAE; Egypt; South Africa; Nigeria

Key Companies

Fingerprint Cards AB, Synaptic, Apple Inc., Egis Technology, Crucialtec, Next Biometrics, Novatek Microelectronics, Qualcomm, Q Technology, CMOS Sensor Inc., ELAN Microelectonics, Focaltech, ID3 Technologies, IDEX Biometrics, Japan Display Inc., OXI Technology, Sonavation Inc., Touch Biometrix, Vkansee, and Goodix.

 

Power inverters are electric devices that transmit Direct Current (DC) into Alternating Current (AC). Unlike generators, power inverters provide low operating cost and quash the inconvenience of using change-over switches. Due to existence of these characteristics, they are utilized to operate several tools, household appliances and other electrical products. Power inverters are conveniently available in a variety of sizes, types and power ranges as per the varied consumer needs and preferences.

Some of these variants consist of modified sine wave power inverters, plug-in grid tie power inverters, and solar power inverters. The layout or circuitry of a power inverter affects the input voltage, frequency, output voltage and overall power handling. Power inverters come in different sizes such as 1000 watts, 3000 watts, and 5000 watts, among which, 3000 watts inverter is the most desirable. Modern power inverters come with USB outlets, mobile phone chargers and digital screens. The major applications of power inverters include commercial, residential and industrial. Additionally, factors like no requirement of fuel, moving parts or lubricants are the major advantages of this product.

The heightening demand for power inverters from the residential sector, owing to the effortless installation, increasing standards of living, rising rates of electrification, and growing investments in the preparedness in case of power cuts, is thriving the market growth. The functional cost of inverter is low, require concentrated maintenance, and are environment friendly, which are likely to be the stimulating factors of the market. The rising commonness of high-end electrical equipment and appliances in the household will robust the demand for the product in the forecast period. Meanwhile, the increasing employment of solar power systems in the commercial and industrial sector is projected to propel the demand for power inverters in the coming years.

The widening economic growth and rising disposable incomes of individuals across the globe have permitted them to spend more on products like power inverters, which magnify their lifestyles and offer comfort. Coupled with rapid urbanization and hiking electrification rates, most people at present are dependent on electronic appliances and gadgets. This has resulted in a notable need for an uninterrupted power supply. In return increasing the sales of power inverters as a substitute backup solution in case of outages. Besides this, they are noise-free and environment-friendly in nature as they do not exhibit carbon emissions and extinguish the need for gasoline, which is required for running generators.

Meanwhile, the increasing adoption of solar power systems in the commercial and industrial sector is propelling the demand for power inverters in the up-coming years. The growth of the market is also thrived by huge inflow of investments in the renewable energy sector and rise in the number of residential solar rooftop installations.

 

Connection Type Insights

The ultrasonic segment is poised to register notable gains over 2023-2033 due to the ability to authenticate fingerprints by reading the epidermal skin layeSolar inverters are prime elements of solar electric power systems. The DC power, which is generated by solar power plants, is not suitable for common household appliances. Hence, it is necessary to convert this DC power to AC power. Solar inverters transform the variable DC output of PV solar panels into usable AC.

 

Sensor Output Power Rating Insights

Inverters with power rating below 10 kW are suitable for use in the residential and commercial sectors. Residential solar PV systems are mostly used in rooftop installations, which offer benefits of feed-in tariffs and net metering.

 

Sales Channel Insights

Indirect sales channels or third parties hold a notable share of the inverter market as these channels are adopted by inverter manufacturers to provide their inverter solutions to different end users. Most key players in the market have well-established sales networks and provide their products globally.

 

Regional Insights

The market for global power inverter is segmented into major region- North America, Europe, Asia-Pacific and Middle East and Africa. Increased investments for the deployment of industrial automation solutions, emphasis on regulations that demand operational and workforce safety, expansion of power generation capacities of plants, electrification of the transportation sector, and reduction in the production and operational costs of power plants owing to advancements in technologies in emerging economies of APAC are driving the growth of the solar inverter market in APAC.

 

Competitive Analysis

The prominent companies operating the marketplace are  SMA Solar Technology AG, Omron Corporation, ABB Ltd, Tabuchi Electric Co., Ltd., Toshiba Mitsubishi-Electric Industrial Systems Corporation (TMEIC), Advanced Energy Industries, Inc., Enphase Energy, Inc., Schneider Electric, SEHuawei Technologies Co., Ltd., SolarEdge Technologies Inc., Sungrow Power Supply, Power Electronics, Fronius International, Altenergy Power System, Darfon Electronics, Delphi Technology, Schneider Electric, Delta Electronics, Yaskawa Solectria Solar and Kaco New Energy.   

 

Global Power Inverter Market- Segmental Analysis

Based on Type

·         Solar Inverters

·         Inverter Type

·         Central Inverters

·         String Inverters

·         Micro Inverters

·         Hybrid Inverters

 

Connection Type

·         Grid-Tied

·         Stand-alone

·         Non Solar Types

·         Vehicle Inverters

·         Battery Electric Vehicles

·         Hybrid Electric Vehicles

·         Plug-in Hybrid Vehicles

·         Residential Inverters

 

Based on Output Power Rating

·         Below 10 kw

·         10-50 kw

·         50-100 kw

·         Above 100 kw

 

Based on Output Voltage

·         100-300 V

·         300-500 V

·         Above 500 V

 

Based on Sales Channel

·         Indirect

·         Direct

 

Based on End-User

·         Automotive

·         Residential

·         Commercial

·         PV Plants

 

Based on Application

·         Motor Drives

·         Uninterruptible Power Supply (UPS)

·         Rail Traction

·         Wind Turbines

·         Electric Vehicles/Hybrid Electric Vehicles (EVs/HEVs)

·         Solar PVs

 

 

Why to buy this Report?

The report provides quantitative and qualitative aspect for Power Inverter Market in terms of value and volume, along with supporting market trends, challenges, restraints.

The report provides an in depth analysis from both production and consumption point of view at the regional and country level. Key Factors considered within the report scope are Production capacity by countries/regions, average price, consumption ratio, revenue earned and gross margin.

The report provides competitive analysis of around 30-50 companies operated in Power Inverter Market, these companies are bifurcated into niche players, the leaders and major contenders. The companies are analyzed in terms of following factors such as:

             Business Model

             Production Capacity, Revenue, Sales, Gross Margin

             Key Business Strategy

             SWOT Analysis

In terms of competitive landscape, the report provides distinctive factors that would help the end user in taking a key decision within the business:

             Company Share Analysis from 2020-2022

             Company Analysis by Revenue and Sales

             Company Production Capacity, Gross Margin

             Company Share Analysis by Application/End Use

             Company Share Analysis by Product/Specification


Frequently Asked Questions


• What is the market size and growth projections?
• What is the market size and growth projection for each of the market segments and sub-segments across Countries & Regions?
• What are the top performing segments, and countries / regions of each of the markets?
• What is the market size and growth rate across key countries / regions?
• How big is the global & regional market in terms of revenue and volume?
• How far market will grow in forecast period in terms of revenue and volume?
• What factors will influence demand and supply trends across each markets during the forecast period?
• What are the technology trends shaping various markets?
• Which country / region has more opportunities?
• What is the COVID-19 impact on the market and how long will it take to recover?
• Who are the key competitors of market Players?
• What are the market share (%) of Key Players?
• What are the Merger & Acquisition, New Product Launch, Recent Development within each of the Markets?
• What are PEST analysis, Ecosystem Analysis, Porter's Five Forecast Analysis, Ansoff Matrix, and SWOT Analysis among other analyses for diverse markets?

1. Global Power Inverter Market Introduction and Market Overview

1.1. Objective of the Market Research Study

1.2. Power Inverter Market Definition & Description

1.3. Research Data Parameters & Reporting Timelines

1.3.1. Historical Data Reporting Years – 2020 to 2021

1.3.2. Projected Data Reporting Years – 2022 to 2033

1.3.3. Reporting Data Parameters – Value (US$ Million)

1.4. Global Power Inverter Market Scope and Market Estimation

1.4.1. Global Power Inverter Overall Market Size (US$ Million), Market CAGR (%), Market Estimates & Forecast (2020 to 2033)

1.4.2. Global Power Inverter Market Revenue Share (%) and Growth Rate (Y-o-Y) from 2020 to 2033

1.5. Power Inverter Market Segmentation

1.5.1. Type of Global Power Inverter Market

1.5.2. Output Power of Global Power Inverter Market

1.5.3. Output Voltage of Global Power Inverter Market

1.5.4. Sales Channel of Power Inverter Market

1.5.5. Application of Power Inverter Market

1.5.6. End User of Global Power Inverter Market

1.5.7. Key Regions of Power Inverter Market

 

2. Global Power Inverter Market - Executive Summary

2.1. Global Power Inverter Market – Summary & Snapshot

2.2. Global Power Inverter Market, By Type (US$ Million)

2.3. Global Power Inverter Market, By Output Power (US$ Million)

2.4. Global Power Inverter Market, By Output Voltage (US$ Million)

2.5. Global Power Inverter Market, By Sales Channel (US$ Million)

2.6. Global Power Inverter Market, By Application (US$ Million)

2.7. Global Power Inverter Market, By End User (US$ Million)

2.8. Global Power Inverter Market, By Geography (US$ Million)

2.9. Global Power Inverter Market Outlook & Future Opportunities

 

3. Power Inverter Market Trends, Outlook, and Factors Analysis

3.1. Global Power Inverter Market Industry Development Trends under COVID-19 Outbreak

3.1.1. Global COVID-19 Status Overview

3.1.2. Influence of COVID-19 Outbreak on Global Power Inverter Market Industry Development

3.1.3. Pre & Post COVID-19 Trends and Scenarios

3.2. Power Inverter Market Dynamics (Growth Impacting Factors & Rationales)

3.2.1. Drivers

3.2.1.1. Surging Demand for Various Household Devices in Vehicles

3.2.1.2. enhancement in lifestyles and comfort priority

3.2.1.3. Drivers3

3.2.1.4. Drivers4

3.2.2. Restraints

3.2.2.1. Strain Caused by Inverters on Batteries

3.2.2.2. Restraints 2

3.2.2.3. Restraints 3

3.2.3. Opportunities

3.2.3.1. Development of High-Power Density Inverters Equipped with New Features

3.2.3.2. Opportunities 2

3.2.3.3. Opportunities 3

3.2.3.4. Opportunities 4

3.2.4. Impact Analysis of Drivers and Restraints

3.3. Ecosystem/ Value Chain Analysis

3.4. Porter’s Five Forces Analysis

3.5. SWOT Analysis

3.6. PEST Analysis

3.7. Average Selling Prices and Pricing Trends Analysis of Power Inverter Market

3.8. Technological Roadmap

3.9. Key Investment Pockets of Power Inverter Market

3.9.1. By Type

3.9.2. By Output Power

3.9.3. By Output Voltage

3.9.4. By Sales Channel

3.9.5. By Application

3.9.6. By End User

3.9.7. By Regions

 

4. Global Power Inverter Market: Estimates & Historic Trend Analysis (2020 to 2021)

4.1. Global Power Inverter Market, 2020 – 2021 (US$ Million)

4.2. Global Power Inverter Market, By Type, 2020 To 2021 (US$ Million)

4.3. Global Power Inverter Market, By Output Power, 2020 To 2021 (US$ Million)

4.4. Global Power Inverter Market, By Output Voltage, 2020 To 2021 (US$ Million)

4.5. Global Power Inverter Market, By Sales Channel 2020 To 2021 (US$ Million)

4.6. Global Power Inverter Market, By Application 2020 To 2021 (US$ Million)

4.7. Global Power Inverter Market, By End User 2020 To 2021 (US$ Million)

4.8. Global Power Inverter Market, By Region, 2020 To 2021 (US$ Million)

 

5. Global Power Inverter Market Estimates & Forecast Trend Analysis, by Type

5.1. Global Power Inverter Market Share (%) Estimates and Forecasts, by Type, 2022 & 2033

5.2. Global Power Inverter Market Revenue (US$ Million) Estimates and Forecasts, by Type, 2022 to 2033

5.2.1. Solar Inverters

5.2.1.1. By Inverter Type

5.2.1.1.1. Central Inverters

5.2.1.1.2. String Inverters

5.2.1.1.3. Hybrid Inverters

5.2.1.1.4. Micro Inverters

5.2.1.2. By Connection Type

5.2.1.2.1. Stand-alone

5.2.1.2.2. Grid-tied

5.2.2. Non-solar Inverters

5.2.2.1. Vehicle Inverters

5.2.2.1.1. By Vehicle Type

5.2.2.1.1.1. Battery Electric Vehicles (BEVs)

5.2.2.1.1.2. Hybrid Electric Vehicles (HEVs)

5.2.2.1.1.3. Plug-in Hybrid Electric Vehicles (PHEVs)

5.2.2.2. Residential Inverters

 

6. Global Power Inverter Market Estimates & Forecast Trend Analysis, by Output Power

6.1. Global Power Inverter Market Share (%) Estimates and Forecasts, By Output Power, 2022 & 2033

6.2. Global Power Inverter Market Revenue (US$ Million) Estimates and Forecasts, by Output Power, 2022 to 2033

6.2.1. Below 10 kW

6.2.2. 10–50 kW

6.2.3. 50–100 kW

6.2.4. Above 100 kW

 

7. Global Power Inverter Market Estimates & Forecast Trend Analysis, by Output Voltage

7.1. Global Power Inverter Market Share (%) Estimates and Forecasts, By Output Voltage, 2022 & 2033

7.2. Global Power Inverter Market Revenue (US$ Million) Estimates and Forecasts, by Output Voltage, 2022 to 2033

7.2.1. 100–300 V

7.2.2. 300–500 V

7.2.3. Above 500 V

 

8. Global Power Inverter Market Estimates & Forecast Trend Analysis, by Sales Channel

8.1. Global Power Inverter Market Share (%) Estimates and Forecasts, By Sales Channel, 2022 & 2033

8.2. Global Power Inverter Market Revenue (US$ Million) Estimates and Forecasts, by Sales Channel, 2022 to 2033

8.2.1. Direct

8.2.2. Indirect

 

9. Global Power Inverter Market Estimates & Forecast Trend Analysis, by Application

9.1. Global Power Inverter Market Share (%) Estimates and Forecasts, By Application, 2022 & 2033

9.2. Global Power Inverter Market Revenue (US$ Million) Estimates and Forecasts, by Application, 2022 to 2033

9.2.1. Motor Drives

9.2.2. Uninterruptible Power Supply (UPS)

9.2.3. Rail Traction

9.2.4. Wind Turbines

9.2.5. Electric Vehicles/Hybrid Electric Vehicles (EVs/HEVs)

9.2.6. Solar PVs

9.2.7. Others

 

10. Global Power Inverter Market Estimates & Forecast Trend Analysis, by End User

10.1. Global Power Inverter Market Share (%) Estimates and Forecasts, By End User, 2022 & 2033

10.2. Global Power Inverter Market Revenue (US$ Million) Estimates and Forecasts, by End User, 2022 to 2033

10.2.1. PV Plants

10.2.2. Residential

10.2.3. Commercial & Industrial

10.2.4. Automotive

10.2.5. Others

 

11. Global Power Inverter Market Analysis and Forecast, by Region

11.1. Global Power Inverter Market Share (%) Estimates and Forecasts, By Region, 2022 & 2033

11.2. Global Power Inverter Market Revenue (US$ Million) Estimates and Forecasts, By Region, 2022 To 2033

11.2.1. North America

11.2.2. Europe

11.2.3. Asia Pacific

11.2.4. Middle East and Africa

11.2.5. Latin America

 

12. North America Power Inverter Market: Estimates & Forecast Trend Analysis

12.1. North America Power Inverter Market Assessments & Key Findings

12.2. North America Power Inverter Market Share (%) Estimates and Forecasts, 2022 & 2033

12.3. North America Power Inverter Market Size Estimates and Forecast (US$ Million) (2022 To 2033)

12.3.1. By Type

12.3.2. By Output Power

12.3.3. By Output Voltage

12.3.4. By Sales Channel

12.3.5. By Application

12.3.6. By End User

12.3.7. By Major Country

12.3.7.1. The U.S.

12.3.7.2. Canada

 

13. Europe Power Inverter Market: Estimates & Forecast Trend Analysis

13.1. Europe Power Inverter Market Assessments & Key Findings

13.2. Europe Power Inverter Market Share (%) Estimates and Forecasts, 2022 & 2033

13.3. Europe Power Inverter Market Size Estimates and Forecast (US$ Million) (2022 to 2033)

13.3.1. By Type

13.3.2. By Output Power

13.3.3. By Output Voltage

13.3.4. By Sales Channel

13.3.5. By Application

13.3.6. By End User

13.3.7. By Major Country

13.3.7.1. Germany

13.3.7.2. The U.K.

13.3.7.3. France

13.3.7.4. Italy

13.3.7.5. Spain

13.3.7.6. Rest of Europe (includes all other European countries)

 

14. Asia Pacific Power Inverter Market: Estimates & Forecast Trend Analysis

14.1. Asia Pacific Power Inverter Market Assessments & Key Findings

14.2. Asia Pacific Power Inverter Market Share (%) Estimates and Forecasts, 2022 & 2033

14.3. Asia Pacific Power Inverter Market Size Estimates and Forecast (US$ Million) (2022 To 2033)

14.3.1. By Type

14.3.2. By Output Power

14.3.3. By Output Voltage

14.3.4. By Sales Channel

14.3.5. By Application

14.3.6. By End User

14.3.7. By Major Country

14.3.7.1. China

14.3.7.2. Japan

14.3.7.3. India

14.3.7.4. ASEAN

14.3.7.5. South Korea

14.3.7.6. Rest of Asia Pacific (includes all other Asia Pacific countries)

 

15. Middle East & Africa Power Inverter Market: Estimates & Forecast Trend Analysis

15.1. Middle East & Africa Power Inverter Market Assessments & Key Findings

15.2. Middle East & Africa Power Inverter Market Share (%) Estimates and Forecasts, 2022 & 2033

15.3. Middle East & Africa Power Inverter Market Size Estimates and Forecast (US$ Million) (2022 To 2033)

15.3.1. By Type

15.3.2. By Output Power

15.3.3. By Output Voltage

15.3.4. By Sales Channel

15.3.5. By Application

15.3.6. By End User

15.3.7. By Major Country

15.3.7.1. GCC

15.3.7.2. South Africa

15.3.7.3. Egypt

15.3.7.4. Rest of Middle East & Africa (includes all other Middle East & Africa countries)

 

16. Latin America Power Inverter Market: Estimates & Forecast Trend Analysis

16.1. Latin America Market Assessments & Key Findings

16.2. Latin America Power Inverter Market Share (%) Estimates and Forecasts, 2022 & 2033

16.3. Latin America Power Inverter Market Size Estimates and Forecast (US$ Million) (2022 to 2033)

16.3.1. By Type

16.3.2. By Output Power

16.3.3. By Output Voltage

16.3.4. By Sales Channel

16.3.5. By Application

16.3.6. By End User

16.3.7. By Major Country

16.3.7.1. Brazil

16.3.7.2. Mexico

16.3.7.3. Rest of Latin America (includes all other Latin America countries)

 

17. Competitive Landscape

17.1. Power Inverter Market Revenue Share Analysis (%), By Major Players (2021)

17.2. Power Inverter Market Competition Matrix, By Leading Players

17.3. Power Inverter List of Emerging, Prominent & Leading Players

17.4. Major Mergers & Acquisitions, Partnership, Joint Venture, Expansions, Deals, Recent Developments, Etc.

 

18. Company Profiles

18.1. SMA Solar Technology AG

18.1.1. Company Overview & Insights

18.1.2. Financial Performance

18.1.3. Product / Service Portfolio

18.1.4. Geographical Footprint & Share

18.1.5. Strategic Initiatives & Key Developments

*Similar details would be provided for all the players mentioned below

18.2. Omron Corporation

18.3. ABB Ltd

18.4. Tabuchi Electric Co., Ltd

18.5. Toshiba Mitsubishi-Electric Industrial Systems Corporation (TMEIC)

18.6. Advanced Energy Industries, Inc

18.7. Enphase Energy, Inc

18.8. Schneider Electric SE

18.9. Huawei Technologies Co., Ltd

18.10. SolarEdge Technologies Inc

18.11. Sungrow Power Supply

18.12. Power Electronics

18.13. Fronius International

18.14. Altenergy Power System

18.15. Darfon Electronics

18.16. Delphi Technologies

18.17. Schneider Electric

18.18. Delta Electronics

18.19. Yaskawa Solectria Solar

18.20. Kaco New Energy

18.21. Others

 

19. Assumptions and Research Methodology

19.1. Data Mining

19.2. Secondary Research

19.3. Primary Research

19.4. Subject Matter Expert Advice

19.5. Quality Check

19.6. Final Review

19.7. Data Triangulation

19.8. Bottom-Up Approach

19.9. Top Down Approach

19.10. Research Flow

19.11. Key Insights from Industry Experts

19.12. Data Sources

19.13. Assumptions

19.14. Limitations

 

20. Conclusions and Recommendations

20.1. Key Research Findings and Conclusion

20.2. Key Insights & Recommendations from Analysts

Quality Assurance Process

  1. We Market Research’s Quality Assurance program strives to deliver superior value to our clients.

We Market Research senior executive is assigned to each consulting engagement and works closely with the project team to deliver as per the clients expectations.

Market Research Process




We Market Research monitors 3 important attributes during the QA process- Cost, Schedule & Quality. We believe them as a critical benchmark in achieving a project’s success.

To mitigate risks that can impact project success, we deploy the follow project delivery best practices:
  • Project kickoff meeting with client
  • Conduct frequent client communications
  • Form project steering committee
  • Assign a senior SR executive as QA Executive
  • Conduct internal editorial & quality reviews of project deliverables
  • Certify project staff in SR methodologies & standards
  • Monitor client satisfaction
  • Monitor realized value post-project

Case Study- Automotive Sector

One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached We Market Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).

Solution

The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research

The second stage involved primary research in which several market players and automotive parts suppliers were contacted to study their viewpoint concerning the development of their market and production capacity, clientele, and product line. This stage concluded in a brief understanding of the competitive ecosystem and also glanced through the strategies and pricing of the companies profiled.

Market Estimates and Forecast

In the final stage of the study, market forecasts for the electric utility were derived using multiple market engineering approaches. This data helped the client to get an overview of the market and accelerate the process of investment.

Case Study- ICT Sector

Business process outsourcing, being one of the lucrative markets from both supply- and demand- side, has appealed to various companies. One of the prominent corporations based out of Japan approached us with their requirements regarding the scope of the procurement outsourcing market for around 50 countries. Additionally, the client also sought key players operating in the market and their revenue breakdown in terms of region and application.


Business Solution

An exhaustive market study was conducted based on primary and secondary research that involved factors such as labor costs in various countries, skilled and technical labors, manufacturing scenario, and their respective contributions in the global GDP. A comparative study of the market was conducted from both supply- and demand side, with the supply-side comprising of notable companies, such as GEP, Accenture, and others, that provide these services. On the other hand, large manufacturing companies from them demand-side were considered that opt for these services.


Conclusion

The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2033.

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