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Battery Storage Inverter Market to be dominated by Utility Segment reaching 5.51 Bn by 2030 – Says Stellar Market Research

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PUNE, India, July 30, 2024 /PRNewswire/ — The Global Battery Storage Inverter market is expected to grow from USD 2.9 billion in 2023 to USD 5.51 billion by 2030, at a CAGR of 9 % according to Stellar Market Research. Increasing integration of renewable energy sources into the grid propels the demand for advanced battery storage inverters. Governments and private entities are investing heavily in solar and wind projects. This trend receives further support from initiatives aimed at reducing carbon footprints and transitioning toward sustainable energy models, driving innovation and deployment in the battery storage inverter sector.

 Global Battery Storage Inverter Market 2023-2030: Key Highlights:

Market Size in 2023

USD 2.9 Bn

Market Size in 2030

USD 5.51 Bn

CAGR

9 percent (2024-2030)

Forecast Period

2024-2030

Base Year

2023

Number of Pages

279

No. of Tables

124

No. of Charts and Figures

115

Segment Covered

By Type, and End Use Industry

Regional Scope

North America, Europe, Asia Pacific, Middle East and Africa, South America

Report Coverage

Market Share, Size & Forecast by Revenue | 2024−2030, Market Dynamics, Growth Drivers, Restraints, Investment Opportunities, and Key Trends, Competitive Landscape, Key Players Benchmarking, Competitive Analysis, MMR Competition Matrix, Competitive Leadership Mapping, Global Key Players’ Market Ranking Analysis.

Get your Sample PDF: https://www.stellarmr.com/report/req_sample/Battery-Storage-Inverter-Market/2128 

The Three-phase segment to dominate during the forecast period

The battery storage inverter market is being dominated by the three-phase segment due to its capacity to handle higher power loads and its superior efficiency in power distribution for commercial and industrial applications. Three-phase inverters play a crucial role in balancing loads, reducing energy losses, and ensuring stable and continuous power supply, which is particularly important for industries with heavy machinery and high energy consumption. The market for three-phase battery storage inverters is experiencing rapid growth, driven by the increasing adoption of renewable energy sources and the need for efficient energy management systems. For instance, in Germany, the Energiewende policy is promoting the adoption of renewable energy, leading to a surge in demand for three-phase inverters in solar and wind power plants. In the United States, the expansion of the electric vehicle (EV) market is fueling the demand for three-phase inverters in charging stations, which require robust power management systems to handle high charging loads. The increasing complexity and scale of energy storage projects necessitate the use of three-phase inverters, highlighting their dominance in the market.

Asia Pacific region to dominate the industry during the forecast period

The Asia Pacific region has experienced a significant rise in renewable energy installations, especially in solar photovoltaics, with China representing over 30% of the global solar capacity. The 4.7% annual increase in power consumption in China highlights the urgent need for effective energy storage systems. This growing energy demand is being addressed through the extensive adoption of battery storage inverters across utility-scale, commercial, and residential sectors, thereby driving the battery storage inverter market. Technological innovations in battery inverters, along with supportive government policies such as India’s National Solar Mission and Japan’s Strategic Energy Plan, have contributed to this market growth. Additionally, the rapid growth of electric vehicles (EVs) in nations like China, Japan, and South Korea is notable, with China alone having over 4.5 million EVs on the roads as of 2023, which calls for sophisticated energy storage solutions. In 2023, Japan achieved an energy storage capacity of around 13.5 GWh, reflecting the region’s dedication to energy storage. The Asia Pacific’s focus on smart grid technologies, with anticipated investments of $13.6 billion by 2026, emphasizes a strategic move towards enhancing grid stability and efficiency. These advancements highlight the region’s new role in battery inverter technology, creating a landscape where innovations in battery storage and power solutions are not only promoted but are also becoming essential components of the energy infrastructure.

Request for a Sample Report: https://www.stellarmr.com/report/req_sample/Battery-Storage-Inverter-Market/2128 

Key Players

SMA Solar Technology AG (Germany)GoodWe (China)Ingeteam (Spain)Enphase Energy (USA)SMA Solar Technology AG (Germany)Power Electronics (Spain)Sineng Electric (China)Others

Key Highlights:

Past Market Size and Competitive Landscape (2018 to 2022)Market Size, Share, Size & Forecast by Different Segment | 2024−2030Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by RegionMarket Segmentation – A detailed analysis by Type, End Use Industry, and RegionCompetitive Landscape – Profiles of selected key players by region in a strategic perspectiveCompetitive landscape – Market Leaders, Market Followers, Regional playerCompetitive benchmarking of key players by regionPESTLE AnalysisPORTER’s analysisValue chain and supply chain analysisLegal Aspects of business by regionLucrative business opportunities with SWOT analysisRecommendations

Browse for More Reports by Stellar Market Research: Energy & Power Reports & Consulting

Inverter Market size was valued at USD 19.10 Bn. in 2023 and is expected to reach USD 54.31 Bn. by 2030, at a CAGR of 16.1%.

Electric Vehicle Charging Infrastructure Market size was valued at US$ 20 Billion in 2023 and the revenue is expected to grow at 28% from 2024 to 2030, reaching nearly US$ 112.59 Billion.

Portable Charger Market size was valued at USD 11.42 Bn. in 2023 and the Portable Charger revenue is expected to grow at a CAGR of 6.8% from 2024 to 2030, reaching nearly USD 18.10 Bn. by 2030.

Electric Vehicle Charging Infrastructure Market size was valued at US$ 20 Billion in 2023 and the revenue is expected to grow at 28% from 2024 to 2030, reaching nearly US$ 112.59 Billion.

Waste to Energy Market size was valued at USD 35.23 Bn. in 2023 and the total Global Waste to Energy Market revenue is expected to grow at a CAGR of 8.68% from 2024 to 2030, reaching nearly USD 63.11 Bn.

UPS Battery Market size was valued at US$ 955.78Mn. in 2023. Global UPS Battery Market is estimated to grow at a CAGR of 9.20% over the forecast period.

Power Tool Battery Market size was valued at US$ 26078.66 Mn. in 2023. Global Power Tool Battery Market is estimated to grow at a CAGR of 8.20% over the forecast period.

About Stellar Market Research:

Stellar Market Research is a multifaceted market research and consulting company with professionals from several industries. Some industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems.

Contact Stellar Market Research:

S.no.8, h.no. 4-8 Pl.7/4,
Pinnacle Memories Fl. No. 3,
Pune, Maharashtra, 411029
sales@stellarmr.com
 +91 9607365656
Follow us:
Linkedin | Twitter | Facebook | Instagram |

Logo: https://mma.prnewswire.com/media/2458342/Stellar_Market_Research_Logo.jpg

 

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SHINE Announces Two Strategic Appointments to Advance Fusion Technology and Market Expansion

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Healthcare technology leader Dr. Gregory Sorensen joins Board of Directors; Defense expert Col. (Ret.) Gregory Van Dyk joins as Strategic Advisor

JANESVILLE, Wis., May 21, 2025 /PRNewswire/ — SHINE Technologies, LLC, a next-generation fusion technology company with commercialized platforms in industrial testing and medical isotopes, today announced the appointments of Dr. Gregory Sorensen, co-founder of DeepHealth and Chief Science Officer of RadNet, and Col. (Ret.) Gregory K. Van Dyk, U.S. Air Force, as strategic advisor to its Board of Directors.

These appointments bring deep expertise in healthcare technology and national security to SHINE as the company expands the reach of its fusion applications across commercial and defense markets.

“Fusion technology provides real-world solutions to big infrastructure problems in highly specialized markets,” said Greg Piefer, founder and CEO of SHINE. “These appointments expand our ability to understand and access these markets quickly. Dr. Sorensen is a strong addition to our already distinguished board, having rare depth in the healthcare space that spans founding, growing, and selling startups through executive operations at multinational conglomerates. Col. Van Dyk brings a career of leadership and widespread connectivity in the radiation effects testing arena, with a specific focus on the effects of DT fusion neutrons.”

Dr. Sorensen: Guiding Commercial Strategy and Innovation

Dr. Sorensen brings decades of experience at the intersection of healthcare, imaging, and technology. As co-founder of DeepHealth (now RadNet’s AI division) and former President and CEO of Siemens Healthcare North America, he has led the development and commercialization of transformative medical technologies.

He will advise SHINE on strategic growth initiatives, partnerships, and the expansion of its fusion-enabled medical isotope business.

“SHINE represents the promise of fusion – not as a science experiment, but as a real-world solution,” said Dr. Sorensen. “I’m excited and honored to help guide the company’s growth into new healthcare and commercial markets.”

Col. (Ret.) Van Dyk: Advancing National Security through Fusion

Col. (Ret.) Van Dyk, Ph.D. joins SHINE following a distinguished 22-year career in the U.S. Air Force, where he specialized in nuclear engineering, fusion technology, and strategic deterrence. He previously led the Department of Defense’s Fusion for National Security initiative and managed a $207 million annual R&D portfolio at the National Nuclear Security Administration along with leading two multi-billion-dollar programs in the Department of Defense.

His appointment comes at a critical time as SHINE expands FLARE (Fusion Linear Accelerator for Radiation Effects), a high-energy neutron testing service that enables defense contractors to evaluate the resilience of microelectronics and mission-critical systems in extreme radiation environments.

“SHINE’s fusion platform is practical, innovative, and timely,” said Van Dyk. “FLARE offers a new capability for understanding how our most important defense technologies perform under the toughest conditions.”

About SHINE 

Headquartered in Janesville, Wisconsin, SHINE is an industry leader in next-generation fusion, developing innovative fusion-based technology that combines safety, cost-efficiency and environmental responsibility. 

SHINE has successfully commercialized fusion across multiple applications, including neutron testing markets such as neutron radiography, radiation-effects testing and fusion material research. It has commercialized and is scaling its proprietary medical isotope production, processes, supplying high-quality radioisotopes essential for procedures including diagnosing heart disease and cancer as well as cancer therapy.  

Beyond these applications, SHINE is pioneering nuclear waste recycling to make nuclear energy more sustainable. Its long-term purpose is to change the way humans make energy by commercializing fusion energy. Unlike other fusion companies, SHINE takes a commercially driven path mirroring successful deep-tech industries. Through this visionary approach, SHINE is advancing technology, healthcare, and sustainable energy, making a lasting impact across multiple sectors. 

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SOURCE SHINE Technologies, LLC

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HitPaw FotorPea V4.6.0 Now Available – Major Upgrades in AI Enhancement and Image Generation

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NEW YORK, May 21, 2025 /PRNewswire/ — HitPaw has officially released HitPaw FotorPea V4.6.0, bringing significant advancements in AI-powered image enhancement and generation. This latest version introduces a new denoise model, a revamped AI painting engine powered by Flux AI Generator, and smarter photo quality analysis — all designed to deliver professional-grade results for photography enthusiasts and creative professionals alike.

What’s New in HitPaw FotorPea V4.6.0

1. New Advanced Denoise Model

Tailored for advanced users, the newly added denoise model is capable of handling complex noise scenarios such as portrait photography and high-ISO images. It effectively removes visual noise while preserving original image details, making it ideal for photographers, retouchers, and creatives who require high-fidelity results in challenging lighting conditions or legacy photo restoration.

2. Revamped AI Painting with Flux AI Generator

The AI painting module has been completely reengineered, now integrated with AI-assistive prompt suggestions and powered by the Flux AI image generator. This empowers digital artists, designers, and hobbyists to create artwork from text prompts with greater precision, style diversity, and creative control — whether for concept art, storyboarding, or social media content creation.

3. Enhanced Photo Enhancer Capabilities

The Photo Enhancer now includes:

AI-powered noise detection: Automatically identifies noise levels and recommends the optimal denoise model, saving users time and improving editing accuracy — especially helpful for casual users unfamiliar with technical noise reduction techniques.True resolution analysis: Detects the image’s native resolution to improve upscaling results, making it perfect for users working with downloaded images, scanned photos, or old digital files that need clarity restoration.

These enhancements significantly boost the clarity and quality of post-processed images.

More AI-Powered Features in HitPaw FotorPea

Smarter AI Image Generation with DeepSeek AI: Create sharper, more realistic images from text prompts with enhanced detail, lighting, and artistic control.

AI Enhancer: Upgrade image clarity, color, and detail with intelligent adjustments.

AI Background Remover: Remove and replace backgrounds in one click.

AI Object Remover: Eliminate distractions and refine image composition.

AI Photo Editing: Smart tools for adjusting contrast, color, tone, and effects.

COMPATIBILITY AND PRICING

HitPaw FotorPea is compatible with Windows 11/10/8/7 (64-bit) and macOS 10.15 and above. Pricing starts at $21.99 USD for a monthly subscription.

For more information, visit: Purchase HitPaw FotorPea for Windows

ABOUT HITPAW

HitPaw is a trusted multimedia software brand dedicated to empowering users with innovative solutions for photo, video, and audio editing. With cutting-edge AI technology and user-friendly design, HitPaw makes creativity accessible to everyone.

Learn more at: About HitPaw – All Things About HitPaw

CONNECT WITH US

YouTube: https://www.youtube.com/@hitpawFacebook: https://www.facebook.com/hitpawofficialX (Twitter): https://x.com/HitPawofficialInstagram: https://www.instagram.com/hitpawofficial/Pinterest: https://www.pinterest.com/HitPawofficialwebsite

This release was issued through Send2Press® on behalf of the news source. For more information, visit Send2Press Newswire at https://www.send2press.com/.

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SOURCE HitPaw. Co., Ltd

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The Atlanta Journal-Constitution debuts new membership tier for UATL

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ATLANTA, May 21, 2025 /PRNewswire/ — The Atlanta Journal-Constitution (AJC) today announced the next chapter of its Black culture product, UATL, with a new paid tier that will offer members expanded access to events, content and discounts designed to build community and connection.

Launched in September 2024, UATL has built a community membership program and an engaged social media following through distinct journalism, unique perks and exclusive events.

Today, UATL introduced a new “supporting member” program for those who want to connect more deeply with all things Black culture. For $5 a month, supporting members get unlimited access to all articles on UATL.com, early invites to UATL events, the ability to bring a guest to select events and access to exclusive discounts at Scotty ATL, Just Loafn, Seed Atlanta, Trap Museum, Breakfast Boys and more. This adds to UATL’s existing free member benefits: a weekly newsletter, three monthly articles, and select event invitations.

UATL is a key part of the AJC’s plan to transform from a storied daily newspaper into a modern media company. AJC Editor-In-Chief Leroy Chapman Jr. said it’s been exciting to see how Atlanta has welcomed UATL into the fold.

“For the last several months, we have consistently heard from members asking: How can we help this community grow?” he said. “This is a natural next step that will help us deepen our connection to the community and expand our contribution to this culture, which continues to shape the world.”   

Starting today, supporting members can sign up to receive:

Unlimited access to every article on UATL.com. Enjoy all UATL has to offer from 404ward a signature series that recognizes the people and brands moving Atlanta forward to thought-leading content like “Atlanta: America’s Black Mecca?” a new series exploring the reasons and justifications behind the city’s moniker.Early invites to UATL events. Member events are designed to connect you with the culture, including movie nights, suite parties and happy hour connections. They sell out, so getting early access (and a plus-one) is key.Perks and discounts that help support local and Black-owned businesses.Ticket giveaways to Atlanta’s top sporting events.One bonus account with a separate login to share.

Membership Rates

Supporting Membership is $5 a month or $49 a yearSpecial Founding Member Offer is $39 a year for a limited time.Get the combined UATL+AJC subscription for $11.99 a month.Visit UATL.com to explore available plans

About The Atlanta Journal-Constitution 

The Atlanta Journal-Constitution is the most essential and engaging source of information for metro Atlanta. With approximately 6 million monthly unique visitors to our digital products and platforms and a growing digital subscriber base, the AJC serves one of the most dynamic, diverse and influential cities in America. The Atlanta Journal-Constitution is a subsidiary of Atlanta-based Cox Enterprises Inc. For more information, visit http://www.ajc.com

Media Contact
Shumuriel Ratliff
The Atlanta Journal-Constitution
Shumuriel.Ratliff@coxinc.com

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SOURCE The Atlanta Journal-Constitution

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