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Unstable power supply ups demand for non-renewable inverters

21 May 2013

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According to the latest report from Frost & Sullivan, the global non-renewable inverter market increased as a result of rising demand for reliable power and the lack of stable power infrastructure in many regions of the world. Higher disposable incomes and greater affordability in developing regions such as Latin America, as well as parts of Africa and South Asia, encourage the adoption of power inverters, especially in residential markets, added the market analytics firm.

The research noted that the market earned revenue of about $1.94 billion in 2012 and estimates this to reach $2.34 billion in 2018.

"The need for power reliability stimulates demand for power inverter and inverter/chargers, as they are employed as part of a back-up power system involving a battery," said Frost & Sullivan Energy and environment senior industry analyst Anu Elizabeth Cherian. "The manufacturing and commercial sectors' increased awareness and proactive protective measures such as employing adequate back-up resources to manage business more efficiently gives a significant boost to the market's prospects."

The market will also gain from the escalating use of electronic equipment in boats, cars, trucks, ambulances and recreational vehicles. Power inverters and inverter chargers can meet business travellers' or vacationers' demand for connectivity on the go as well.

While power inverters are establishing a foothold in the power industry, the gradual pace of economic recovery and restrained spending environment are stymieing inverter manufacturers' efforts to expand. Further, the slowdown in infrastructural build-outs in telecommunications and investments makes customers cautious about investing in inverters.




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