DUBLIN–(BUSINESS WIRE)–The “Portable Power Inverter Market Forecast to 2028 – COVID-19 Impact and Global Analysis By Phase, Output Voltage, Application, Power” report has been added to ResearchAndMarkets.com’s offering.
The global portable power inverter market is expected to grow from US$ 1,359.21 million in 2021 to US$ 2,206.57 million by 2028. It is estimated to grow at a CAGR of 7.2% from 2021 to 2028.
The rising penetration of electric vehicles across the globe is one of the major factors driving the growth of the portable power inverter market. Automobile sales are reaching new heights due to the growing popularity of trucks and SUVs and the rising demand for compact sedans.
Toyota, Hyundai, Nissan, Subaru, and Kia reported sales increases in the double digits. In 2020, 78 million vehicles were produced globally, and China, Japan, and Germany were the top…