- With intense competition reducing market potential, technical innovation is pertinent to growth, finds Frost & Sullivan
MOUNTAIN VIEW, California, June 25, 2015 /PRNewswire/ -- The lack of power reliability, especially in regions where undependable grid power affects telecom networks on a large scale, is giving a boost to the mature global non-renewable inverters market. Asia-Pacific, Latin America and Africa, in particular, will be the hub of market growth. Although North America and Europe will witness sustained spending for both non-renewable power inverters and non-renewable inverters/chargers, the growth pace will lag behind the Asia-Pacific.
New analysis from Frost & Sullivan, Analysis of the Global Non-renewable Inverter Market (https://www.frost.com/neb4), finds that the market earned revenues of $2.10 billion in 2014 and estimates this to reach $2.77 billion in 2021. The telecom, residential and retail segments are key end-users while the industrial, medical and military sectors will soon afford new opportunities for non-renewable inverter suppliers.
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"As countries in Asia-Pacific, Latin America and Africa witness rapid economic development, their power infrastructure has been unable to keep up with the ensuing demand for energy," said Frost & Sullivan Energy and Environmental Senior Industry Analyst Anu Elizabeth Cherian. "This gap in power supply is sustaining the adoption of non-renewable inverters in emerging markets."
Since the global market is highly fragmented, end users hold bargaining power. This shifts the onus on manufacturers to lower prices, forcing them to compromise on margins. Intense competition from local manufacturers that offer a number of product variations along with much cheaper services too limits revenues. Therefore, technical innovation is crucial to market expansion.
"Non-renewable inverter vendors must diversify their product portfolio as well as offer one-stop-shop solutions to sustain a position of strength," observed Cherian. "In addition, consolidation and technology integration will be crucial to long-term, tangible growth in the global market."
Analysis of the Global Non-renewable Inverter Market is part of the Power Supplies & Batteries (http://www.powersupplies.frost.com) Growth Partnership Service program. Frost & Sullivan's related studies include: Global Ultracapacitor Market, Nanotechnology in Sustainable Energy - Visionary Outlook, Global Industrial Uninterruptible Power Supply (UPS) Market, and Global Programmable Direct Current (DC) Power Supplies and Electronic Loads Market. All studies included in subscriptions provide detailed market opportunities and industry trends evaluated following extensive interviews with market participants.
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Analysis of the Global Non-renewable Inverter Market
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