In Japan, the power inverter market, like many other sectors, is governed by various laws and regulations aimed at promoting safety, efficiency, and environmental sustainability. Electrical Appliance and Material Safety Law (DENAN Law), this regulation orders security norms and certificate prerequisites for electrical machines, including power inverters. Makers should consent to these guidelines to guarantee the security of items sold in the Japanese market. Inverters need to go through testing and get affirmation from perceived bodies before they can be showcased in Japan. Renewable Energy Act, this regulation advances the utilization of sustainable power sources, including solar and wind power, through feed-in levies and different impetuses. Inverters utilized in environmentally friendly power frameworks should satisfy explicit specialized guidelines to meet all requirements for these motivators. Chinese inverter manufacturer Sungrow has scored an early victory in 2017, as it has been awarded a supply deal for 200 MW of its inverters in Japan. The agreement has been signed with Japanese project developer Blue Capital Management and is for the supply of the company’s SG2000 central inverter. The utility-scale project is 200 MW in size and is due to be completed over the next three years. Japan's photovoltaic market is one of the largest in the world, with a cumulative installed capacity of over 70 GW as of 2023. The country has been investing heavily in solar PV technology, with the government providing incentives for the installation of solar panels. Japan Targets Adoption of Flexible Solar Panels by 2030: Japan aims to popularize the use of flexible solar cells by 2030, with the government planning to support mass production by domestic companies and introduce them at public buildings, train stations, schools, and elsewhere. According to the research report, "Japan Power Inverter Market Research Report, 2029," published by Actual Market Research, the Japan power inverter market is anticipated to add to more than USD 1300 Million by 2024–29. In Japan, the inverter market has been going under a concentrated phase of procedural innovation. For project developers, investors as well as regulators, inverters form an integral part. Solar power to support utility grids has gained traction owing to rising demand for power. However, not much solar power plants are placed into grids owing to higher cost associated in setting up of solar power systems as compared to coal, wind and nuclear power generation systems. Inverter technologies is constantly going under technological upgradations thus promising better grid support and sophisticated system optimization, the market is expected to reach its zenith during the forecast period. Solar inverters are generally selected on the basis of array size and AC grid inter-tie in Japan. Countless modifications regarding design such as grid-tie inverters, stand alone inverters and backup inverters are designed upon their application. Automakers are steadily switching their production from conventional engine vehicles to hybrid and electric vehicles in response to increasingly strict emission rules around the world. Governments have also introduced incentives, including reduced vehicle taxes, bonus payments, and premiums, to encourage the purchase of electric vehicles in their individual in Japan. The expansion of charging station infrastructure across the globe has contributed to the rise in the sales of electric vehicles. Manufacturers operating in the industry constantly attempt to increase the size and efficiency of their devices. Automakers are paying increased attention to the trend of coupling an inverter with a motor or converter. The raw components needed for the manufacturing of products are provided by the component suppliers. Furthermore, products manufactured are distributed through distribution channels across various end users.
Asia-Pacific dominates the market and is the largest and fastest-growing market in the animal growth promoters industry globally
Download SampleIn Japan, inverters within the 5 kW to 100 kW range are considered the leading segment due to several factors. Firstly, this segment caters to a broad range of applications, including residential, small commercial, and industrial setups. The demand for solar PV installations in residential areas has been particularly robust, driven by government incentives and policies promoting renewable energy adoption. Advancements in technology have improved efficiency and reliability in this power range, making these inverters attractive for both new installations and replacements. The leading status of this segment is further solidified by established market players focusing on innovation and customer-centric solutions. The less than 5 kW segment in Japan represents a growing market primarily due to the increasing popularity of small-scale solar PV systems among residential consumers. These inverters are ideal for individual households looking to reduce electricity bills and carbon footprints through solar energy. Government subsidies and net metering policies have incentivized homeowners to invest in smaller solar installations, thereby driving the demand for inverters in this segment. Manufacturers are responding by developing compact, efficient inverters tailored to residential needs, further fueling the segment's growth prospects. In Japan, the 100 kW to 500 kW segment occupies a significant niche in the power inverter market. This range typically serves medium-sized commercial and industrial applications, including office buildings, factories, and larger-scale solar installations. Demand within this segment is driven by corporate sustainability goals, where businesses aim to integrate renewable energy sources into their operations. The more than 500 kW segment in Japan encompasses utility-scale solar installations and large industrial facilities requiring high-capacity inverters. This segment is characterized by significant investments in renewable energy infrastructure driven by Japan's energy diversification strategy post-Fukushima. Government initiatives supporting mega solar projects and offshore wind farms have bolstered demand for large inverters. Manufacturers in this segment emphasize grid stability. Motor drives address the main fragment in Japan's power inverter market because of their far-reaching modern applications across assembling, mechanization, and transportation areas. Inverters utilized for engine drives are fundamental for controlling the speed and force of electric motors effectively. Japan's high level assembling base and the high reception pace of mechanization advances in ventures, for example, auto and gadgets highlight the authority of this section. Ceaseless development in engine drive innovation, remembering enhancements for energy proficiency and mix with industrial IoT (Internet of Things), further drives its predominance. Laid out players like Mitsubishi Electric and Fuji Electric contribute altogether to the section's administration through vigorous Research and development and item enhancement. The electric vehicle (EV) portion in Japan is encountering fast development, powered by government drives advancing clean transportation and decreasing fossil fuel byproducts. Inverters for EV applications are pivotal for changing DC power from batteries over completely to AC power for driving electric engines. With Japan's obligation to energizing its auto industry and extending charging framework, interest for EV inverters is on the ascent. Japanese automakers like Toyota and Nissan are driving development in EV innovation, requiring progressed power hardware arrangements. In Japan, solar PV inverters are fundamental to changing over DC power created by photovoltaic boards into usable AC power for private, business, and utility-scale applications. The nation's push towards sustainable power, driven by post-Fukushima energy approaches, has supported the solar PV fragment. Government feed-in taxes and net metering plans boost mortgage holders and organizations to embrace solar energy frameworks, in this way expanding the demand for inverters. Uninterruptible Power Supplies (UPS) in Japan use inverters to give reinforcement power during matrix blackouts, guaranteeing congruity for basic foundation, for example, medical clinics, server farms, and broadcast communications organizations. The unwavering quality of Japan's power framework and the recurrence of catastrophic events make UPS frameworks fundamental for organizations and public administrations. Wind turbine inverters in Japan are crucial in changing over factor wind energy into stable AC power for matrix combination. Despite the fact that Japan's breeze energy limit is not exactly sunlight based. The nation is putting resources into seaward wind ventures to broaden its sustainable power portfolio. The 'Others' segment encompasses a diverse range of niche applications for inverters in Japan, including industrial equipment, marine applications, and emerging technologies like energy storage systems (ESS). This applications require specialized inverters tailored to specific operational requirements, such as high power density, compact size, or extreme environmental conditions.
The commercial and industrial (C&I) area drives Japan's power inverter market because of its broad applications across different ventures, including fabricating, media communications, server farms, and business offices. Inverters in this section are pivotal for keeping up with steady and proficient tasks, controlling hardware, HVAC systems, and other basic gear. Japan's hearty modern base, portrayed by cutting edge fabricating cycles and innovative ventures, drives constant interest for solid and elite execution inverters. Organizations like Mitsubishi Electric and Fuji Electric overwhelm this portion with their customized arrangements that accentuate energy effectiveness, adaptability, and incorporation with savvy framework innovations. The utility section in Japan is encountering huge development driven by the country's drives to differentiate its energy blend and upgrade lattice strength post-Fukushima. Inverters utilized in utility-scale applications assume a critical part in coordinating sustainable power sources, for example, sun based and wind into the public matrix. Government arrangements advancing sustainable power advancement, combined with feed-in levies and serious offering processes for utility-scale projects, animate interest for high-limit inverters. Organizations like Hitachi and Toshiba are driving players in this fragment, zeroing in on framework viable arrangements that guarantee solid power age and circulation. The residential section in Japan envelops inverters utilized in limited scope sun powered PV frameworks introduced in homes across metropolitan and rustic regions. Inverters in this portion convert DC power created by roof solar chargers into AC power for family utilization or framework trade. Japan's strong strategies, for example, private sun powered endowments and net metering plans, urge property holders to put resources into solar energy arrangements, driving the interest for private inverters. Organizations like Panasonic and Sharp take special care of this fragment with minimal, effective inverters that augment energy creation and enhance self-utilization. Considered in this report • Historic year: 2018 • Base year: 2023 • Estimated year: 2024 • Forecast year: 2029 Aspects covered in this report • Power Inverter market Research Report with its value and forecast along with its segments • Various drivers and challenges • On-going trends and developments • Top profiled companies • Strategic recommendation
By Type • 5 KW to 100 KW • Less than 5 KW • 100 KW to 500 KW • More than 500 KW By Application • Motor Drives • Electric Vehicle • Solar PV • UPS • Wind Turbines • Others By End User • Commercial and Industrial • Utility • Residential The approach of the report: This report consists of a combined approach of primary and secondary research. Initially, secondary research was used to get an understanding of the market and list the companies that are present in it. The secondary research consists of third-party sources such as press releases, annual reports of companies, and government-generated reports and databases. After gathering the data from secondary sources, primary research was conducted by conducting telephone interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this; we have started making primary calls to consumers by equally segmenting them in regional aspects, tier aspects, age group, and gender. Once we have primary data with us, we can start verifying the details obtained from secondary sources. Intended audience This report can be useful to industry consultants, manufacturers, suppliers, associations, and organizations related to the Power Inverter industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing and presentations, it will also increase competitive knowledge about the industry.
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