Singapore
With higher product reliability and energy efficiency driving inverter sales, the Asia Pacific DC-AC inverters market is poised for significance in the total power supplies market that has been dominated by the AC-DC power supplies and the DC-DC converters market.
New analysis from Frost & Sullivan (www.power.frost.com), DC-AC Inverters in Asia Pacific Non-renewable Energy Markets finds that the market earned revenues of $572.7 million in 2006 and is likely to reach $1,364.0 million in 2013.
"Increasing demands for uninterrupted power coupled with industry deregulation have made brownouts and complete power outages more prevalent in countries across Asia," observes Frost & Sullivan Research Analyst Sriram Venkatraman. "Hence, backup power requirements in the Asia Pacific region are increasingly demanding reliable products, thereby bolstering significant inverter sales in the region."
Even though some Asian countries are experiencing moderate growth, demanding end-user applications will further increase the overall sales for inverters from 2007 to 2013.
Inverters are gaining more prominence with the entry of branded manufacturers. The demand for branded products can essentially increase the competitive standards by providing reliable products in both organized and unorganized sectors.
Organized sector manufacturers are more efficient than they were some years ago. Moreover, the transition of the unorganized sector towards the organized sector in Asia Pacific non-renewable energy-based DC-AC inverter market can lead to more demand for branded inverters.
Hence, manufacturers are seeking to acquire brand names through global collaborations. This can put regional inverter manufacturers in Asia Pacific region in the global league.
Inverter manufacturers must also focus on providing reliable, energy-efficient, and quality products to consumers. This can help them win market share in the organized sector.
"Although the entry of branded manufacturers is likely to lessen the dominance of the unorganized sector in the long term, some regional manufacturers consider it as a sign of healthy competition rather than a threat," says Venkatraman. "Some manufacturers, catering to the organized sector in India and China, believe that the entry of overseas branded manufacturers can expand the market, thereby setting up competitive standards."
The Asia Pacific market has tremendous opportunities supported by increasing affordability of consumers provided that inverter manufacturers make an effort to educate the masses about their products to gain the consumers' confidence.
If you are interested in a virtual brochure, which provides manufacturers, end users, and other industry participants an overview of the latest analysis of the DC-AC Inverters in Asia Pacific Non-renewable Energy Markets, then send an e-mail to Donna Jeremiah - Corporate Communications at djeremiah@frost.com with the following information: your full name, company name, title, telephone number, e-mail address, city, state, and country. We will send you the information via email upon receipt of the above information.
The DC-AC Inverters in Asia Pacific Non-renewable Energy Markets is part of the Power Supplies and Batteries subscription, which also includes research in the following markets: Un-interruptible Power Supplies (UPS), Harmonic Filters, Transient Voltage Surge Suppressors (TVSS), Switching Power Supplies (SPS), DC Power Systems and Batteries. All research services included in subscriptions provide detailed market opportunities and industry trends evaluated following extensive interviews with market participants. Interviews with the press are available.
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DC-AC Inverters in Asia Pacific Non-renewable Energy Markets
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Donna Jeremiah, Corporate Communications - Southeast Asia & ANZ, Frost & Sullivan, +603 6304 5832 djeremiah@frost.com
Johanna Haynes, Corporate Communications - North America, Frost & Sullivan, +210 247 3870 johanna.haynes@frost.com
Source: Frost & Sullivan (Business Wire India)