Growing at 6% per year from 2015-2021 and with increased presence from Chinese players, the inverter industry is heading towards higher power density converters. 2015 was a historic year for solar inverter and wind turbine installations. The inverter market that Yole Développement covers in this report is continuing its growth, reaching $48B in 2015. Applications span electric and hybrid electric vehicles (EV/HEV), wind turbines, photovoltaic (PV) inverters, rail traction, uninterruptible power supplies (UPS) and industrial motor drives. The market is driven by three macroeconomic factors: electrification trends in transportation, the need for power conversion optimization for CO2 emission reduction, and the development of clean electricity sources. Governmental incentives and especially the Chinese government’s control of their local market drives an expanding inverter market, which is now largely oriented towards the Asian giant...