Vendors in Mature Non-Renewable Inverters Market Look to Emerging Regions for Steady Revenue Opportunities
With intense competition reducing market potential, technical innovation is pertinent to growth, finds Frost & Sullivan
MOUNTAIN VIEW, Calif., 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.
For complimentary access to more information on this research, please visit: http://bit.ly/1N1KSJc
"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.
About Frost & Sullivan
Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants.
Our "Growth Partnership" supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.
- The Integrated Value Proposition provides support to our clients throughout all phases of their journey to visionary innovation including: research, analysis, strategy, vision, innovation and implementation.
- The Partnership Infrastructure is entirely unique as it constructs the foundation upon which visionary innovation becomes possible. This includes our 360 degree research, comprehensive industry coverage, career best practices as well as our global footprint of more than 40 offices.
For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Is your organization prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies?
Contact Us: Start the discussion
Subscribe: Newsletter on "the next big thing"
Register: Gain access to visionary innovation
Analysis of the Global Non-renewable Inverter Market
NEB4-27
Contact:
Jaylon Brinkley
Corporate Communications – North America
P: (210) 247.2481
F: (210) 348.1003
E: [email protected]
Logo - http://photos.prnewswire.com/prnh/20150625/225614LOGO
SOURCE Frost & Sullivan
Share this article