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Valued at USD 0.73 billion in 2025, the market is expected to reach USD 2.41 billion by 2035, growing at a 12.8% CAGR . Key players include ABB, Sungrow, and Delta Electronics . Growth is driven by energy storage and renewable integration, converting DC to AC and vice versa. https://www.wiseguyreports.com..../reports/dc-ac-bidir
This market provides lithium-ion batteries for electrifying heavy equipment like forklifts, excavators, and loaders . Key battery types include Lithium Iron Phosphate and Ternary Lithium. Companies such as EnerSys, Hitachi Chemical, and GS Yuasa are developing solutions to reduce emissions and noise in the construction sector . https://www.wiseguyreports.com..../reports/constructio