Converters and inverters are electrical devices that convert current. Converters convert the voltage of an electric device, usually alternating current (AC) to direct current (DC). On the other hand, inverters convert direct current (DC) to alternating current (AC).
China is the largest Power Converter and Inverter market with about 43% market share. North America is follower, accounting for about 27% market share.
The key players are Bestek, NFA, Cobra, Kisae Technology, Rally, Energizer, Duracell, Meind, Stanley, Exeltech, Cotek, Samlex, Power Bright, Go Power, Wagan Tech, Magnum Energy, WEHO, Erayak etc. Top 3 companies occupied about 29% market share.

Market Analysis and Insights: Global Power Converter and Inverter Market
In 2020, the global Power Converter and Inverter market size was US$ 207.3 million and it is expected to reach US$ 309.7 million by the end of 2027, with a CAGR of 5.9% during 2021-2027.
Global Power Converter and Inverter Scope and Market Size
Power Converter and Inverter market is segmented by region, by country, company, type, application and by sales channels. Players, stakeholders, and other participants in the global Power Converter and Inverter market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region, by country, company, type, application and by sales channels for the period 2016-2027.

Segment by Type, the Power Converter and Inverter market is segmented into
12V Power Converter
24V Power Converter
48V and Above

Segment by Application, the Power Converter and Inverter market is segmented into
Car Appliances
Outdoor Application
Others

Regional and Country-level Analysis:
North America
United States
Canada
Asia-Pacific
China
Japan
South Korea
India
Southeast Asia
Australia
Rest of Asia-Pacific
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Rest of Europe
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA

Competitive Landscape

and Power Converter and Inverter Market Share Analysis
Power Converter and Inverter market competitive landscape provides details and data information by companies. The report offers comprehensive analysis and accurate statistics on revenue by the player for the period 2016-2021. It also offers detailed analysis supported by reliable statistics on sale and revenue by players for the period 2016-2021. Details included are company description, major business, Power Converter and Inverter product introduction, recent developments, Power Converter and Inverter sales by region, type, application and by sales channel.

The major companies include:
Bestek
NFA
Cobra
Kisae Technology
Rally
Energizer
Duracell
Meind
Stanley
Exeltech
Cotek
Samlex
Power Bright
Go Power
Wagan Tech
Magnum Energy
WEHO
Erayak