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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 |

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Tuya Smart Unveils Doova at IFA 2026, an AI Home Companion Robot Designed to Support Independently Living Seniors

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BERLIN, Sept. 5, 2026 /PRNewswire/ — Tuya Smart (NYSE: TUYA; HKEX: 2391), a global AI cloud platform service provider, today unveiled Doova, its new AI home companion robot, at IFA 2026. Designed for seniors living alone, Doova moves beyond the traditional roles of security devices and household robots, combining proactive safety protection, emotionally intelligent companionship, and seamless smart home coordination to support a safer, more connected, and more comfortable daily life.

For many seniors living independently, the greatest concern is not simply an accident itself, but the time that passes before anyone realizes something is wrong.

Doova is equipped with LDS LiDAR, a four-microphone sound source localization system, and AI vision-based skeletal recognition algorithms. If a user falls or encounters another emergency, they can call out, “Hey Tuya, help,” and Doova will quickly locate the user, move to their side, and assess the situation in real time.

If no response is detected within 60 seconds, Doova automatically initiates an emergency response workflow, sending a two-way live video call alert to family members so assistance can be arranged without delay.

An AI Companion for Everyday Life

Doova combines emotional companionship, daily assistance, and wellness support in a single AI-powered home companion designed specifically for older adults. Its conversational ability is powered by a multimodal large language model, allowing it to hold natural, free-flowing conversations rather than respond only to fixed commands.

During quiet moments at home, Doova can hold conversations, offer company, and play entertainment content to ease feelings of loneliness. In day-to-day life, it can help interpret complex bills and letters, identify potential scam risks, and guide users through operating smart appliances. For health and routine management, Doova can provide reminders for medication, weather updates, and schedules, while also engaging users with light interactive games.

Over time, Doova learns user preferences and becomes more personally helpful in everyday areas such as meal suggestions, gardening advice, and outfit recommendations. In the future, Tuya also plans to introduce value-added services including autonomous item-finding throughout the home, helping reduce anxiety around misplaced belongings.

Smarter In-Home Monitoring for Greater Peace of Mind

When users are away from home, Doova helps make home monitoring simpler and less intrusive.

Unlike conventional patrol-style security devices that follow walls in fixed routes and can feel like overt surveillance, Doova uses a node-oriented coverage strategy designed around the center of each room. It can move from space to space on a dual-wheel drive with caster wheels, perform a 360-degree scan at each location, and automatically generate a safety report that is delivered to the user’s mobile phone, making it easier to stay informed about conditions throughout the home from anywhere. Doova also supports autonomous docking and recharging, so monitoring continues without day-to-day intervention.

A Gentle Smart Home Hub Built for Daily Living

Powered by Tuya’s mature AIoT ecosystem, Doova also serves as a central smart home control hub. With simple voice commands, users can coordinate connected devices across the home, including lighting, curtains, kitchen appliances, and bathroom devices, without complicated setup or operations, lowering the barrier to smart living for seniors.

Doova is also designed to feel like a natural part of the household rather than a piece of equipment. Its soft, curved form moves away from the cold, mechanical look often associated with robots, allowing it to blend more naturally into living spaces. The device height is optimized for interaction whether a user is standing, seated, or reclining, while a 10.1-inch high-definition display and dynamic facial expressions make conversations feel warmer and more engaging.

Doova has drawn strong interest from attendees at IFA 2026, reflecting growing demand for AI solutions that support independent living. With Doova, Tuya continues to extend its AI+IoT ecosystem into new areas of daily life, bringing safety, companionship, and connected living together for seniors who choose to age independently.

About Tuya Smart

Tuya Inc. (NYSE: TUYA; HKEX: 2391) is a leading global AI cloud platform service provider dedicated to bringing AI into everyday life. Through its TuyaOpen open-source development framework and universal AI Agent engines, including the AI Agent development platform, Tuya integrates multimodal AI capabilities to lower barriers for AI development, efficiently advancing the realization of AI-driven lifestyles and accelerating AI integration with the physical world. Tuya offers innovative physical AI solutions for smart devices, commercial applications, and industry developers through its cloud computing and spatial intelligence capabilities. It also provides a complete, open, and neutral global AIoT ecosystem.

As of June 30, 2026, the Tuya AI Developer Platform had over 2,092,000 registered AI developers from more than 200 countries and regions.

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SOURCE Tuya Smart

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NonPublic delivers over 10x return on SpaceX investments for early investors

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Private markets technology investment platform NonPublic delivered over a 10x return to early investors, after they saw SpaceX’s valuation soar to a peak of 2.6 trillion following the biggest IPO in history.

SYDNEY, Sept. 5, 2026 /PRNewswire-PRWeb/ — Private markets technology investment platform NonPublic has delivered over a 10x return to early investors, after they saw SpaceX’s valuation soar to a peak of 2.6 trillion following the biggest IPO in history.

“What this outcome illustrates is that the most significant growth in today’s leading technology companies increasingly belongs to private market investors. Most of the money is made before the bell rings, and as companies stay private for longer, that window only widens.”

The NonPublic Group ran 14 vehicles across SpaceX, and xAI which merged into SpaceX, growing US $4.4 million of investor capital into around US$16 million at the IPO price and US$24 million at the June peak, before fees.

SpaceX stock surged 67 percent above its IPO valuation within days of listing, and total market cap still currently sits at over US $2 trillion, but the vast majority of investor returns were realised well before the public markets were granted access.

Direct access to US private placements like these has historically required Australian investors to hold US SEC accreditation or qualified purchaser status, leverage a US-licensed broker, and commit a minimum of US$1 to 5 million per deal.

These requirements are operationally and legally impractical for most eligible Australian investors to meet directly, however NonPublic gave eligible wholesale Australian investors access to the deal by pooling funds through a Special Purpose Vehicle (SPV).

This access was critical given SpaceX remained private for 24 years accruing value before listing, as the average time from founding to IPO for major US technology companies has grown from around four years in the early 2000s to 12 years today.

SpaceX joined the Nasdaq 100 on 7 July. NonPublic believes its investors already captured the bulk of the company’s value creation before public markets opened.

Milan Reinartz, founder and CEO at NonPublic, said: “When we first accessed SpaceX in 2021 at a US$108 billion valuation, many people thought the ceiling was closed. They missed what Starlink represented as a commercial engine, and the long-term mission that gives SpaceX a purpose no competitor can replicate.

“What this outcome illustrates is that the most significant growth in today’s leading technology companies increasingly belongs to private market investors. Most of the money is made before the bell rings, and as companies stay private for longer, that window only widens.

“For eligible Australian wholesale investors, that opportunity has historically been out of reach. Our goal is to provide access to these companies at transparent fee structures through familiar Australian structures, while being clear that disciplined diversification across a portfolio is how investors manage the genuine risks of this asset class.”

Please contact Priyanka Dogra for any interview requests: 0410 593 587

NonPublic (www.nonpublic.com) is an Australian-licensed investment platform providing sophisticated/accredited and professional investors with curated access to exclusive pre-IPO and private market opportunities, with a focus on leading US technology companies. Through a transparent, technology-enabled platform, NonPublic connects investors with high-growth private companies, secondary transactions, and alternative investment opportunities that have traditionally been difficult to access.

NonPublic Pty Ltd holds Australian Financial Services Licence (AFSL) 482668.

Media Contact

Priyanka Dogra, NonPublic, 61 0410593587, priyanka@thirdhemisphere.agency, https://nonpublic.com/

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SOURCE NonPublic

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CHiQ Wins AI Home Ecosystem Brand Award, Exploring New Smart Living Experiences Through AI Innovation

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BERLIN, Sept. 5, 2026 /PRNewswire/ — CHiQ, a global smart home brand, received the AI Home Ecosystem Brand Award at IFA 2026 in recognition of its continued innovation in AI technology and smart home ecosystems. The award further highlights CHiQ’s pioneering work in AI-powered smart homes and its ongoing efforts to enhance the user experience through technological breakthrough.

Presented jointly by IDG and IFA, the award is one of the technology innovation honors closely watched by the global consumer electronics and home appliance industry during IFA. It recognizes notable advances in cutting-edge AI technology across the sector, with a focus on practical innovations and applications that contribute to industry development.

“Receiving the AI Home Ecosystem Brand Award is a recognition of CHiQ’s continued exploration of AI-powered smart homes,” said Vinson Fan, Deputy General Manager of Changhong International Brand Business Center. “The value of AI should be reflected not only in the smart features of individual products, but also in understanding users’ needs and enabling different devices and scenarios to work together naturally. CHiQ will continue to deepen the integration of AI into everyday home life, making smart home technology more responsive to users and delivering more convenient, intuitive and personalized experiences to consumers worldwide.”

At this year’s IFA, CHiQ unveiled a range of flagship AI-powered smart home products across key categories, including TVs, refrigerators, washing machines and air conditioners. The RGB MiniLED AI TV features an AI Sports Platform that expands opportunities for exercising at home, while the AI refrigerator uses AI-powered precision control technology to improve food preservation. The washing machines and air conditioners employ intelligent sensing to further optimize garment care and indoor climate control.

Beyond its products, CHiQ continues to explore the intersection of technology, culture and lifestyle. The brand has incorporated panda-inspired elements into its AI interactions to engage users in a more approachable way. Through sports partnerships such as the FIS Ski Jumping World Cup, CHiQ is also connecting its brand with sports and lifestyles familiar to European consumers, further strengthening its localized brand presence.

In recent years, CHiQ has continued to advance the development and application of AI technology, extending its AI capabilities from individual products to a broader range of home appliances and everyday scenarios while steadily strengthening its technological and product innovation capabilities. Building on this award, CHiQ will further expand the role of AI in everyday home life. Through a more open ecosystem and continued technological development, the brand aims to strengthen its global presence and bring more personalized smart living experiences to consumers worldwide.

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