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Global Grid Forming Power Conversion System (PCS) Market Research Report 2025
Synopsis
The global market for Grid Forming Power Conversion System (PCS) was valued at US$ 544 million in the year 2024 and is projected to reach a revised size of US$ 793 million by 2031, growing at a CAGR of 5.6% during the forecast period.
Grid Forming Power Conversion System (PCS) is an energy storage converter that builds and maintains output voltage and frequency, operates with voltage source characteristics, and actively provides grid support. Grid Forming Power Conversion System (PCS) can be divided into high-voltage grid forming power conversion system (PCS) and low-voltage grid forming power conversion system according to the AC output voltage level. High-voltage grid forming power conversion system refers to a grid-forming energy storage converter with an AC port voltage of 6kV to 35kV; low-voltage grid forming power conversion system refers to a grid-forming energy storage converter with an AC port voltage of 1000V and below.
North American market for Grid Forming Power Conversion System (PCS) is estimated to increase from $ million in 2024 to reach $ million by 2031, at a CAGR of % during the forecast period of 2025 through 2031.
Asia-Pacific market for Grid Forming Power Conversion System (PCS) is estimated to increase from $ million in 2024 to reach $ million by 2031, at a CAGR of % during the forecast period of 2025 through 2031.
The major global manufacturers of Grid Forming Power Conversion System (PCS) include Shenzhen Sinexcel Electric Co., Ltd., Sineng Electric Co., Ltd., Beijing Soaring Electric Technology Co., Ltd., Sungrow Power Supply Co., Ltd., SMA, Fujian Nebula Electronics Co., Ltd., NREC, Hi-Tech, Xiamen Kehua Shuneng Technology Co., Ltd., Beijing Hyperstrong Technology Co., Ltd., etc. In 2024, the world's top three vendors accounted for approximately % of the revenue.
Report Scope
This report aims to provide a comprehensive presentation of the global market for Grid Forming Power Conversion System (PCS), with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Grid Forming Power Conversion System (PCS).
The Grid Forming Power Conversion System (PCS) market size, estimations, and forecasts are provided in terms of output/shipments (Units) and revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. This report segments the global Grid Forming Power Conversion System (PCS) market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Grid Forming Power Conversion System (PCS) manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
Shenzhen Sinexcel Electric Co., Ltd.
Sineng Electric Co., Ltd.
Beijing Soaring Electric Technology Co., Ltd.
Sungrow Power Supply Co., Ltd.
SMA
Fujian Nebula Electronics Co., Ltd.
NREC
Hi-Tech
Xiamen Kehua Shuneng Technology Co., Ltd.
Beijing Hyperstrong Technology Co., Ltd.
by Type
Low Voltage
High Voltage
by Application
Industrial
Commercial
Public Utility
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Europe
Germany
France
U.K.
Italy
Russia
Rest of Europe
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of Grid Forming Power Conversion System (PCS) manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Grid Forming Power Conversion System (PCS) by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption of Grid Forming Power Conversion System (PCS) in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 5: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 6: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: The main points and conclusions of the report.
The global market for Grid Forming Power Conversion System (PCS) was valued at US$ 544 million in the year 2024 and is projected to reach a revised size of US$ 793 million by 2031, growing at a CAGR of 5.6% during the forecast period.
Grid Forming Power Conversion System (PCS) is an energy storage converter that builds and maintains output voltage and frequency, operates with voltage source characteristics, and actively provides grid support. Grid Forming Power Conversion System (PCS) can be divided into high-voltage grid forming power conversion system (PCS) and low-voltage grid forming power conversion system according to the AC output voltage level. High-voltage grid forming power conversion system refers to a grid-forming energy storage converter with an AC port voltage of 6kV to 35kV; low-voltage grid forming power conversion system refers to a grid-forming energy storage converter with an AC port voltage of 1000V and below.
North American market for Grid Forming Power Conversion System (PCS) is estimated to increase from $ million in 2024 to reach $ million by 2031, at a CAGR of % during the forecast period of 2025 through 2031.
Asia-Pacific market for Grid Forming Power Conversion System (PCS) is estimated to increase from $ million in 2024 to reach $ million by 2031, at a CAGR of % during the forecast period of 2025 through 2031.
The major global manufacturers of Grid Forming Power Conversion System (PCS) include Shenzhen Sinexcel Electric Co., Ltd., Sineng Electric Co., Ltd., Beijing Soaring Electric Technology Co., Ltd., Sungrow Power Supply Co., Ltd., SMA, Fujian Nebula Electronics Co., Ltd., NREC, Hi-Tech, Xiamen Kehua Shuneng Technology Co., Ltd., Beijing Hyperstrong Technology Co., Ltd., etc. In 2024, the world's top three vendors accounted for approximately % of the revenue.
Report Scope
This report aims to provide a comprehensive presentation of the global market for Grid Forming Power Conversion System (PCS), with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Grid Forming Power Conversion System (PCS).
The Grid Forming Power Conversion System (PCS) market size, estimations, and forecasts are provided in terms of output/shipments (Units) and revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. This report segments the global Grid Forming Power Conversion System (PCS) market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Grid Forming Power Conversion System (PCS) manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
Shenzhen Sinexcel Electric Co., Ltd.
Sineng Electric Co., Ltd.
Beijing Soaring Electric Technology Co., Ltd.
Sungrow Power Supply Co., Ltd.
SMA
Fujian Nebula Electronics Co., Ltd.
NREC
Hi-Tech
Xiamen Kehua Shuneng Technology Co., Ltd.
Beijing Hyperstrong Technology Co., Ltd.
by Type
Low Voltage
High Voltage
by Application
Industrial
Commercial
Public Utility
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Europe
Germany
France
U.K.
Italy
Russia
Rest of Europe
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of Grid Forming Power Conversion System (PCS) manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Grid Forming Power Conversion System (PCS) by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption of Grid Forming Power Conversion System (PCS) in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 5: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 6: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: The main points and conclusions of the report.
Index1 Grid Forming Power Conversion System (PCS) Market Overview
1.1 Product Definition
1.2 Grid Forming Power Conversion System (PCS) by Type
1.2.1 Global Grid Forming Power Conversion System (PCS) Market Value Growth Rate Analysis by Type: 2024 VS 2031
1.2.2 Low Voltage
1.2.3 High Voltage
1.3 Grid Forming Power Conversion System (PCS) by Application
1.3.1 Global Grid Forming Power Conversion System (PCS) Market Value Growth Rate Analysis by Application: 2024 VS 2031
1.3.2 Industrial
1.3.3 Commercial
1.3.4 Public Utility
1.4 Global Market Growth Prospects
1.4.1 Global Grid Forming Power Conversion System (PCS) Production Value Estimates and Forecasts (2020-2031)
1.4.2 Global Grid Forming Power Conversion System (PCS) Production Capacity Estimates and Forecasts (2020-2031)
1.4.3 Global Grid Forming Power Conversion System (PCS) Production Estimates and Forecasts (2020-2031)
1.4.4 Global Grid Forming Power Conversion System (PCS) Market Average Price Estimates and Forecasts (2020-2031)
1.5 Assumptions and Limitations
2 Market Competition by Manufacturers
2.1 Global Grid Forming Power Conversion System (PCS) Production Market Share by Manufacturers (2020-2025)
2.2 Global Grid Forming Power Conversion System (PCS) Production Value Market Share by Manufacturers (2020-2025)
2.3 Global Key Players of Grid Forming Power Conversion System (PCS), Industry Ranking, 2023 VS 2024
2.4 Global Grid Forming Power Conversion System (PCS) Company Type and Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
2.5 Global Grid Forming Power Conversion System (PCS) Average Price by Manufacturers (2020-2025)
2.6 Global Key Manufacturers of Grid Forming Power Conversion System (PCS), Manufacturing Base Distribution and Headquarters
2.7 Global Key Manufacturers of Grid Forming Power Conversion System (PCS), Product Offered and Application
2.8 Global Key Manufacturers of Grid Forming Power Conversion System (PCS), Date of Enter into This Industry
2.9 Grid Forming Power Conversion System (PCS) Market Competitive Situation and Trends
2.9.1 Grid Forming Power Conversion System (PCS) Market Concentration Rate
2.9.2 Global 5 and 10 Largest Grid Forming Power Conversion System (PCS) Players Market Share by Revenue
2.10 Mergers & Acquisitions, Expansion
3 Grid Forming Power Conversion System (PCS) Production by Region
3.1 Global Grid Forming Power Conversion System (PCS) Production Value Estimates and Forecasts by Region: 2020 VS 2024 VS 2031
3.2 Global Grid Forming Power Conversion System (PCS) Production Value by Region (2020-2031)
3.2.1 Global Grid Forming Power Conversion System (PCS) Production Value by Region (2020-2025)
3.2.2 Global Forecasted Production Value of Grid Forming Power Conversion System (PCS) by Region (2026-2031)
3.3 Global Grid Forming Power Conversion System (PCS) Production Estimates and Forecasts by Region: 2020 VS 2024 VS 2031
3.4 Global Grid Forming Power Conversion System (PCS) Production Volume by Region (2020-2031)
3.4.1 Global Grid Forming Power Conversion System (PCS) Production by Region (2020-2025)
3.4.2 Global Forecasted Production of Grid Forming Power Conversion System (PCS) by Region (2026-2031)
3.5 Global Grid Forming Power Conversion System (PCS) Market Price Analysis by Region (2020-2025)
3.6 Global Grid Forming Power Conversion System (PCS) Production and Value, Year-over-Year Growth
3.6.1 North America Grid Forming Power Conversion System (PCS) Production Value Estimates and Forecasts (2020-2031)
3.6.2 Europe Grid Forming Power Conversion System (PCS) Production Value Estimates and Forecasts (2020-2031)
3.6.3 China Grid Forming Power Conversion System (PCS) Production Value Estimates and Forecasts (2020-2031)
3.6.4 Japan Grid Forming Power Conversion System (PCS) Production Value Estimates and Forecasts (2020-2031)
4 Grid Forming Power Conversion System (PCS) Consumption by Region
4.1 Global Grid Forming Power Conversion System (PCS) Consumption Estimates and Forecasts by Region: 2020 VS 2024 VS 2031
4.2 Global Grid Forming Power Conversion System (PCS) Consumption by Region (2020-2031)
4.2.1 Global Grid Forming Power Conversion System (PCS) Consumption by Region (2020-2025)
4.2.2 Global Grid Forming Power Conversion System (PCS) Forecasted Consumption by Region (2026-2031)
4.3 North America
4.3.1 North America Grid Forming Power Conversion System (PCS) Consumption Growth Rate by Country: 2020 VS 2024 VS 2031
4.3.2 North America Grid Forming Power Conversion System (PCS) Consumption by Country (2020-2031)
4.3.3 U.S.
4.3.4 Canada
4.4 Europe
4.4.1 Europe Grid Forming Power Conversion System (PCS) Consumption Growth Rate by Country: 2020 VS 2024 VS 2031
4.4.2 Europe Grid Forming Power Conversion System (PCS) Consumption by Country (2020-2031)
4.4.3 Germany
4.4.4 France
4.4.5 U.K.
4.4.6 Italy
4.4.7 Netherlands
4.5 Asia Pacific
4.5.1 Asia Pacific Grid Forming Power Conversion System (PCS) Consumption Growth Rate by Region: 2020 VS 2024 VS 2031
4.5.2 Asia Pacific Grid Forming Power Conversion System (PCS) Consumption by Region (2020-2031)
4.5.3 China
4.5.4 Japan
4.5.5 South Korea
4.5.6 China Taiwan
4.5.7 Southeast Asia
4.5.8 India
4.6 Latin America, Middle East & Africa
4.6.1 Latin America, Middle East & Africa Grid Forming Power Conversion System (PCS) Consumption Growth Rate by Country: 2020 VS 2024 VS 2031
4.6.2 Latin America, Middle East & Africa Grid Forming Power Conversion System (PCS) Consumption by Country (2020-2031)
4.6.3 Mexico
4.6.4 Brazil
4.6.5 Turkey
4.6.6 GCC Countries
5 Segment by Type
5.1 Global Grid Forming Power Conversion System (PCS) Production by Type (2020-2031)
5.1.1 Global Grid Forming Power Conversion System (PCS) Production by Type (2020-2025)
5.1.2 Global Grid Forming Power Conversion System (PCS) Production by Type (2026-2031)
5.1.3 Global Grid Forming Power Conversion System (PCS) Production Market Share by Type (2020-2031)
5.2 Global Grid Forming Power Conversion System (PCS) Production Value by Type (2020-2031)
5.2.1 Global Grid Forming Power Conversion System (PCS) Production Value by Type (2020-2025)
5.2.2 Global Grid Forming Power Conversion System (PCS) Production Value by Type (2026-2031)
5.2.3 Global Grid Forming Power Conversion System (PCS) Production Value Market Share by Type (2020-2031)
5.3 Global Grid Forming Power Conversion System (PCS) Price by Type (2020-2031)
6 Segment by Application
6.1 Global Grid Forming Power Conversion System (PCS) Production by Application (2020-2031)
6.1.1 Global Grid Forming Power Conversion System (PCS) Production by Application (2020-2025)
6.1.2 Global Grid Forming Power Conversion System (PCS) Production by Application (2026-2031)
6.1.3 Global Grid Forming Power Conversion System (PCS) Production Market Share by Application (2020-2031)
6.2 Global Grid Forming Power Conversion System (PCS) Production Value by Application (2020-2031)
6.2.1 Global Grid Forming Power Conversion System (PCS) Production Value by Application (2020-2025)
6.2.2 Global Grid Forming Power Conversion System (PCS) Production Value by Application (2026-2031)
6.2.3 Global Grid Forming Power Conversion System (PCS) Production Value Market Share by Application (2020-2031)
6.3 Global Grid Forming Power Conversion System (PCS) Price by Application (2020-2031)
7 Key Companies Profiled
7.1 Shenzhen Sinexcel Electric Co., Ltd.
7.1.1 Shenzhen Sinexcel Electric Co., Ltd. Grid Forming Power Conversion System (PCS) Company Information
7.1.2 Shenzhen Sinexcel Electric Co., Ltd. Grid Forming Power Conversion System (PCS) Product Portfolio
7.1.3 Shenzhen Sinexcel Electric Co., Ltd. Grid Forming Power Conversion System (PCS) Production, Value, Price and Gross Margin (2020-2025)
7.1.4 Shenzhen Sinexcel Electric Co., Ltd. Main Business and Markets Served
7.1.5 Shenzhen Sinexcel Electric Co., Ltd. Recent Developments/Updates
7.2 Sineng Electric Co., Ltd.
7.2.1 Sineng Electric Co., Ltd. Grid Forming Power Conversion System (PCS) Company Information
7.2.2 Sineng Electric Co., Ltd. Grid Forming Power Conversion System (PCS) Product Portfolio
7.2.3 Sineng Electric Co., Ltd. Grid Forming Power Conversion System (PCS) Production, Value, Price and Gross Margin (2020-2025)
7.2.4 Sineng Electric Co., Ltd. Main Business and Markets Served
7.2.5 Sineng Electric Co., Ltd. Recent Developments/Updates
7.3 Beijing Soaring Electric Technology Co., Ltd.
7.3.1 Beijing Soaring Electric Technology Co., Ltd. Grid Forming Power Conversion System (PCS) Company Information
7.3.2 Beijing Soaring Electric Technology Co., Ltd. Grid Forming Power Conversion System (PCS) Product Portfolio
7.3.3 Beijing Soaring Electric Technology Co., Ltd. Grid Forming Power Conversion System (PCS) Production, Value, Price and Gross Margin (2020-2025)
7.3.4 Beijing Soaring Electric Technology Co., Ltd. Main Business and Markets Served
7.3.5 Beijing Soaring Electric Technology Co., Ltd. Recent Developments/Updates
7.4 Sungrow Power Supply Co., Ltd.
7.4.1 Sungrow Power Supply Co., Ltd. Grid Forming Power Conversion System (PCS) Company Information
7.4.2 Sungrow Power Supply Co., Ltd. Grid Forming Power Conversion System (PCS) Product Portfolio
7.4.3 Sungrow Power Supply Co., Ltd. Grid Forming Power Conversion System (PCS) Production, Value, Price and Gross Margin (2020-2025)
7.4.4 Sungrow Power Supply Co., Ltd. Main Business and Markets Served
7.4.5 Sungrow Power Supply Co., Ltd. Recent Developments/Updates
7.5 SMA
7.5.1 SMA Grid Forming Power Conversion System (PCS) Company Information
7.5.2 SMA Grid Forming Power Conversion System (PCS) Product Portfolio
7.5.3 SMA Grid Forming Power Conversion System (PCS) Production, Value, Price and Gross Margin (2020-2025)
7.5.4 SMA Main Business and Markets Served
7.5.5 SMA Recent Developments/Updates
7.6 Fujian Nebula Electronics Co., Ltd.
7.6.1 Fujian Nebula Electronics Co., Ltd. Grid Forming Power Conversion System (PCS) Company Information
7.6.2 Fujian Nebula Electronics Co., Ltd. Grid Forming Power Conversion System (PCS) Product Portfolio
7.6.3 Fujian Nebula Electronics Co., Ltd. Grid Forming Power Conversion System (PCS) Production, Value, Price and Gross Margin (2020-2025)
7.6.4 Fujian Nebula Electronics Co., Ltd. Main Business and Markets Served
7.6.5 Fujian Nebula Electronics Co., Ltd. Recent Developments/Updates
7.7 NREC
7.7.1 NREC Grid Forming Power Conversion System (PCS) Company Information
7.7.2 NREC Grid Forming Power Conversion System (PCS) Product Portfolio
7.7.3 NREC Grid Forming Power Conversion System (PCS) Production, Value, Price and Gross Margin (2020-2025)
7.7.4 NREC Main Business and Markets Served
7.7.5 NREC Recent Developments/Updates
7.8 Hi-Tech
7.8.1 Hi-Tech Grid Forming Power Conversion System (PCS) Company Information
7.8.2 Hi-Tech Grid Forming Power Conversion System (PCS) Product Portfolio
7.8.3 Hi-Tech Grid Forming Power Conversion System (PCS) Production, Value, Price and Gross Margin (2020-2025)
7.8.4 Hi-Tech Main Business and Markets Served
7.8.5 Hi-Tech Recent Developments/Updates
7.9 Xiamen Kehua Shuneng Technology Co., Ltd.
7.9.1 Xiamen Kehua Shuneng Technology Co., Ltd. Grid Forming Power Conversion System (PCS) Company Information
7.9.2 Xiamen Kehua Shuneng Technology Co., Ltd. Grid Forming Power Conversion System (PCS) Product Portfolio
7.9.3 Xiamen Kehua Shuneng Technology Co., Ltd. Grid Forming Power Conversion System (PCS) Production, Value, Price and Gross Margin (2020-2025)
7.9.4 Xiamen Kehua Shuneng Technology Co., Ltd. Main Business and Markets Served
7.9.5 Xiamen Kehua Shuneng Technology Co., Ltd. Recent Developments/Updates
7.10 Beijing Hyperstrong Technology Co., Ltd.
7.10.1 Beijing Hyperstrong Technology Co., Ltd. Grid Forming Power Conversion System (PCS) Company Information
7.10.2 Beijing Hyperstrong Technology Co., Ltd. Grid Forming Power Conversion System (PCS) Product Portfolio
7.10.3 Beijing Hyperstrong Technology Co., Ltd. Grid Forming Power Conversion System (PCS) Production, Value, Price and Gross Margin (2020-2025)
7.10.4 Beijing Hyperstrong Technology Co., Ltd. Main Business and Markets Served
7.10.5 Beijing Hyperstrong Technology Co., Ltd. Recent Developments/Updates
8 Industry Chain and Sales Channels Analysis
8.1 Grid Forming Power Conversion System (PCS) Industry Chain Analysis
8.2 Grid Forming Power Conversion System (PCS) Raw Material Supply Analysis
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.3 Grid Forming Power Conversion System (PCS) Production Mode & Process Analysis
8.4 Grid Forming Power Conversion System (PCS) Sales and Marketing
8.4.1 Grid Forming Power Conversion System (PCS) Sales Channels
8.4.2 Grid Forming Power Conversion System (PCS) Distributors
8.5 Grid Forming Power Conversion System (PCS) Customer Analysis
9 Grid Forming Power Conversion System (PCS) Market Dynamics
9.1 Grid Forming Power Conversion System (PCS) Industry Trends
9.2 Grid Forming Power Conversion System (PCS) Market Drivers
9.3 Grid Forming Power Conversion System (PCS) Market Challenges
9.4 Grid Forming Power Conversion System (PCS) Market Restraints
10 Research Findings and Conclusion
11 Methodology and Data Source
11.1 Methodology/Research Approach
11.1.1 Research Programs/Design
11.1.2 Market Size Estimation
11.1.3 Market Breakdown and Data Triangulation
11.2 Data Source
11.2.1 Secondary Sources
11.2.2 Primary Sources
11.3 Author List
11.4 Disclaimer
List of TablesList of Tables
Table 1. Global Grid Forming Power Conversion System (PCS) Market Value by Type, (US$ Million) & (2024 VS 2031)
Table 2. Global Grid Forming Power Conversion System (PCS) Market Value by Application, (US$ Million) & (2024 VS 2031)
Table 3. Global Grid Forming Power Conversion System (PCS) Production Capacity (Units) by Manufacturers in 2024
Table 4. Global Grid Forming Power Conversion System (PCS) Production by Manufacturers (2020-2025) & (Units)
Table 5. Global Grid Forming Power Conversion System (PCS) Production Market Share by Manufacturers (2020-2025)
Table 6. Global Grid Forming Power Conversion System (PCS) Production Value by Manufacturers (2020-2025) & (US$ Million)
Table 7. Global Grid Forming Power Conversion System (PCS) Production Value Share by Manufacturers (2020-2025)
Table 8. Global Key Players of Grid Forming Power Conversion System (PCS), Industry Ranking, 2023 VS 2024
Table 9. Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Production Value in Grid Forming Power Conversion System (PCS) as of 2024)
Table 10. Global Market Grid Forming Power Conversion System (PCS) Average Price by Manufacturers (US$/Unit) & (2020-2025)
Table 11. Global Key Manufacturers of Grid Forming Power Conversion System (PCS), Manufacturing Base Distribution and Headquarters
Table 12. Global Key Manufacturers of Grid Forming Power Conversion System (PCS), Product Offered and Application
Table 13. Global Key Manufacturers of Grid Forming Power Conversion System (PCS), Date of Enter into This Industry
Table 14. Global Grid Forming Power Conversion System (PCS) Manufacturers Market Concentration Ratio (CR5 and HHI)
Table 15. Mergers & Acquisitions, Expansion Plans
Table 16. Global Grid Forming Power Conversion System (PCS) Production Value by Region: 2020 VS 2024 VS 2031 (US$ Million)
Table 17. Global Grid Forming Power Conversion System (PCS) Production Value (US$ Million) by Region (2020-2025)
Table 18. Global Grid Forming Power Conversion System (PCS) Production Value Market Share by Region (2020-2025)
Table 19. Global Grid Forming Power Conversion System (PCS) Production Value (US$ Million) Forecast by Region (2026-2031)
Table 20. Global Grid Forming Power Conversion System (PCS) Production Value Market Share Forecast by Region (2026-2031)
Table 21. Global Grid Forming Power Conversion System (PCS) Production Comparison by Region: 2020 VS 2024 VS 2031 (Units)
Table 22. Global Grid Forming Power Conversion System (PCS) Production (Units) by Region (2020-2025)
Table 23. Global Grid Forming Power Conversion System (PCS) Production Market Share by Region (2020-2025)
Table 24. Global Grid Forming Power Conversion System (PCS) Production (Units) Forecast by Region (2026-2031)
Table 25. Global Grid Forming Power Conversion System (PCS) Production Market Share Forecast by Region (2026-2031)
Table 26. Global Grid Forming Power Conversion System (PCS) Market Average Price (US$/Unit) by Region (2020-2025)
Table 27. Global Grid Forming Power Conversion System (PCS) Market Average Price (US$/Unit) by Region (2026-2031)
Table 28. Global Grid Forming Power Conversion System (PCS) Consumption Growth Rate by Region: 2020 VS 2024 VS 2031 (Units)
Table 29. Global Grid Forming Power Conversion System (PCS) Consumption by Region (2020-2025) & (Units)
Table 30. Global Grid Forming Power Conversion System (PCS) Consumption Market Share by Region (2020-2025)
Table 31. Global Grid Forming Power Conversion System (PCS) Forecasted Consumption by Region (2026-2031) & (Units)
Table 32. Global Grid Forming Power Conversion System (PCS) Forecasted Consumption Market Share by Region (2026-2031)
Table 33. North America Grid Forming Power Conversion System (PCS) Consumption Growth Rate by Country: 2020 VS 2024 VS 2031 (Units)
Table 34. North America Grid Forming Power Conversion System (PCS) Consumption by Country (2020-2025) & (Units)
Table 35. North America Grid Forming Power Conversion System (PCS) Consumption by Country (2026-2031) & (Units)
Table 36. Europe Grid Forming Power Conversion System (PCS) Consumption Growth Rate by Country: 2020 VS 2024 VS 2031 (Units)
Table 37. Europe Grid Forming Power Conversion System (PCS) Consumption by Country (2020-2025) & (Units)
Table 38. Europe Grid Forming Power Conversion System (PCS) Consumption by Country (2026-2031) & (Units)
Table 39. Asia Pacific Grid Forming Power Conversion System (PCS) Consumption Growth Rate by Region: 2020 VS 2024 VS 2031 (Units)
Table 40. Asia Pacific Grid Forming Power Conversion System (PCS) Consumption by Region (2020-2025) & (Units)
Table 41. Asia Pacific Grid Forming Power Conversion System (PCS) Consumption by Region (2026-2031) & (Units)
Table 42. Latin America, Middle East & Africa Grid Forming Power Conversion System (PCS) Consumption Growth Rate by Country: 2020 VS 2024 VS 2031 (Units)
Table 43. Latin America, Middle East & Africa Grid Forming Power Conversion System (PCS) Consumption by Country (2020-2025) & (Units)
Table 44. Latin America, Middle East & Africa Grid Forming Power Conversion System (PCS) Consumption by Country (2026-2031) & (Units)
Table 45. Global Grid Forming Power Conversion System (PCS) Production (Units) by Type (2020-2025)
Table 46. Global Grid Forming Power Conversion System (PCS) Production (Units) by Type (2026-2031)
Table 47. Global Grid Forming Power Conversion System (PCS) Production Market Share by Type (2020-2025)
Table 48. Global Grid Forming Power Conversion System (PCS) Production Market Share by Type (2026-2031)
Table 49. Global Grid Forming Power Conversion System (PCS) Production Value (US$ Million) by Type (2020-2025)
Table 50. Global Grid Forming Power Conversion System (PCS) Production Value (US$ Million) by Type (2026-2031)
Table 51. Global Grid Forming Power Conversion System (PCS) Production Value Market Share by Type (2020-2025)
Table 52. Global Grid Forming Power Conversion System (PCS) Production Value Market Share by Type (2026-2031)
Table 53. Global Grid Forming Power Conversion System (PCS) Price (US$/Unit) by Type (2020-2025)
Table 54. Global Grid Forming Power Conversion System (PCS) Price (US$/Unit) by Type (2026-2031)
Table 55. Global Grid Forming Power Conversion System (PCS) Production (Units) by Application (2020-2025)
Table 56. Global Grid Forming Power Conversion System (PCS) Production (Units) by Application (2026-2031)
Table 57. Global Grid Forming Power Conversion System (PCS) Production Market Share by Application (2020-2025)
Table 58. Global Grid Forming Power Conversion System (PCS) Production Market Share by Application (2026-2031)
Table 59. Global Grid Forming Power Conversion System (PCS) Production Value (US$ Million) by Application (2020-2025)
Table 60. Global Grid Forming Power Conversion System (PCS) Production Value (US$ Million) by Application (2026-2031)
Table 61. Global Grid Forming Power Conversion System (PCS) Production Value Market Share by Application (2020-2025)
Table 62. Global Grid Forming Power Conversion System (PCS) Production Value Market Share by Application (2026-2031)
Table 63. Global Grid Forming Power Conversion System (PCS) Price (US$/Unit) by Application (2020-2025)
Table 64. Global Grid Forming Power Conversion System (PCS) Price (US$/Unit) by Application (2026-2031)
Table 65. Shenzhen Sinexcel Electric Co., Ltd. Grid Forming Power Conversion System (PCS) Company Information
Table 66. Shenzhen Sinexcel Electric Co., Ltd. Grid Forming Power Conversion System (PCS) Specification and Application
Table 67. Shenzhen Sinexcel Electric Co., Ltd. Grid Forming Power Conversion System (PCS) Production (Units), Value (US$ Million), Price (US$/Unit) and Gross Margin (2020-2025)
Table 68. Shenzhen Sinexcel Electric Co., Ltd. Main Business and Markets Served
Table 69. Shenzhen Sinexcel Electric Co., Ltd. Recent Developments/Updates
Table 70. Sineng Electric Co., Ltd. Grid Forming Power Conversion System (PCS) Company Information
Table 71. Sineng Electric Co., Ltd. Grid Forming Power Conversion System (PCS) Specification and Application
Table 72. Sineng Electric Co., Ltd. Grid Forming Power Conversion System (PCS) Production (Units), Value (US$ Million), Price (US$/Unit) and Gross Margin (2020-2025)
Table 73. Sineng Electric Co., Ltd. Main Business and Markets Served
Table 74. Sineng Electric Co., Ltd. Recent Developments/Updates
Table 75. Beijing Soaring Electric Technology Co., Ltd. Grid Forming Power Conversion System (PCS) Company Information
Table 76. Beijing Soaring Electric Technology Co., Ltd. Grid Forming Power Conversion System (PCS) Specification and Application
Table 77. Beijing Soaring Electric Technology Co., Ltd. Grid Forming Power Conversion System (PCS) Production (Units), Value (US$ Million), Price (US$/Unit) and Gross Margin (2020-2025)
Table 78. Beijing Soaring Electric Technology Co., Ltd. Main Business and Markets Served
Table 79. Beijing Soaring Electric Technology Co., Ltd. Recent Developments/Updates
Table 80. Sungrow Power Supply Co., Ltd. Grid Forming Power Conversion System (PCS) Company Information
Table 81. Sungrow Power Supply Co., Ltd. Grid Forming Power Conversion System (PCS) Specification and Application
Table 82. Sungrow Power Supply Co., Ltd. Grid Forming Power Conversion System (PCS) Production (Units), Value (US$ Million), Price (US$/Unit) and Gross Margin (2020-2025)
Table 83. Sungrow Power Supply Co., Ltd. Main Business and Markets Served
Table 84. Sungrow Power Supply Co., Ltd. Recent Developments/Updates
Table 85. SMA Grid Forming Power Conversion System (PCS) Company Information
Table 86. SMA Grid Forming Power Conversion System (PCS) Specification and Application
Table 87. SMA Grid Forming Power Conversion System (PCS) Production (Units), Value (US$ Million), Price (US$/Unit) and Gross Margin (2020-2025)
Table 88. SMA Main Business and Markets Served
Table 89. SMA Recent Developments/Updates
Table 90. Fujian Nebula Electronics Co., Ltd. Grid Forming Power Conversion System (PCS) Company Information
Table 91. Fujian Nebula Electronics Co., Ltd. Grid Forming Power Conversion System (PCS) Specification and Application
Table 92. Fujian Nebula Electronics Co., Ltd. Grid Forming Power Conversion System (PCS) Production (Units), Value (US$ Million), Price (US$/Unit) and Gross Margin (2020-2025)
Table 93. Fujian Nebula Electronics Co., Ltd. Main Business and Markets Served
Table 94. Fujian Nebula Electronics Co., Ltd. Recent Developments/Updates
Table 95. NREC Grid Forming Power Conversion System (PCS) Company Information
Table 96. NREC Grid Forming Power Conversion System (PCS) Specification and Application
Table 97. NREC Grid Forming Power Conversion System (PCS) Production (Units), Value (US$ Million), Price (US$/Unit) and Gross Margin (2020-2025)
Table 98. NREC Main Business and Markets Served
Table 99. NREC Recent Developments/Updates
Table 100. Hi-Tech Grid Forming Power Conversion System (PCS) Company Information
Table 101. Hi-Tech Grid Forming Power Conversion System (PCS) Specification and Application
Table 102. Hi-Tech Grid Forming Power Conversion System (PCS) Production (Units), Value (US$ Million), Price (US$/Unit) and Gross Margin (2020-2025)
Table 103. Hi-Tech Main Business and Markets Served
Table 104. Hi-Tech Recent Developments/Updates
Table 105. Xiamen Kehua Shuneng Technology Co., Ltd. Grid Forming Power Conversion System (PCS) Company Information
Table 106. Xiamen Kehua Shuneng Technology Co., Ltd. Grid Forming Power Conversion System (PCS) Specification and Application
Table 107. Xiamen Kehua Shuneng Technology Co., Ltd. Grid Forming Power Conversion System (PCS) Production (Units), Value (US$ Million), Price (US$/Unit) and Gross Margin (2020-2025)
Table 108. Xiamen Kehua Shuneng Technology Co., Ltd. Main Business and Markets Served
Table 109. Xiamen Kehua Shuneng Technology Co., Ltd. Recent Developments/Updates
Table 110. Beijing Hyperstrong Technology Co., Ltd. Grid Forming Power Conversion System (PCS) Company Information
Table 111. Beijing Hyperstrong Technology Co., Ltd. Grid Forming Power Conversion System (PCS) Specification and Application
Table 112. Beijing Hyperstrong Technology Co., Ltd. Grid Forming Power Conversion System (PCS) Production (Units), Value (US$ Million), Price (US$/Unit) and Gross Margin (2020-2025)
Table 113. Beijing Hyperstrong Technology Co., Ltd. Main Business and Markets Served
Table 114. Beijing Hyperstrong Technology Co., Ltd. Recent Developments/Updates
Table 115. Key Raw Materials Lists
Table 116. Raw Materials Key Suppliers Lists
Table 117. Grid Forming Power Conversion System (PCS) Distributors List
Table 118. Grid Forming Power Conversion System (PCS) Customers List
Table 119. Grid Forming Power Conversion System (PCS) Market Trends
Table 120. Grid Forming Power Conversion System (PCS) Market Drivers
Table 121. Grid Forming Power Conversion System (PCS) Market Challenges
Table 122. Grid Forming Power Conversion System (PCS) Market Restraints
Table 123. Research Programs/Design for This Report
Table 124. Key Data Information from Secondary Sources
Table 125. Key Data Information from Primary Sources
Table 126. Authors List of This Report
List of Figures
Figure 1. Product Picture of Grid Forming Power Conversion System (PCS)
Figure 2. Global Grid Forming Power Conversion System (PCS) Market Value by Type, (US$ Million) & (2020-2031)
Figure 3. Global Grid Forming Power Conversion System (PCS) Market Share by Type: 2024 VS 2031
Figure 4. Low Voltage Product Picture
Figure 5. High Voltage Product Picture
Figure 6. Global Grid Forming Power Conversion System (PCS) Market Value by Application, (US$ Million) & (2020-2031)
Figure 7. Global Grid Forming Power Conversion System (PCS) Market Share by Application: 2024 VS 2031
Figure 8. Industrial
Figure 9. Commercial
Figure 10. Public Utility
Figure 11. Global Grid Forming Power Conversion System (PCS) Production Value (US$ Million), 2020 VS 2024 VS 2031
Figure 12. Global Grid Forming Power Conversion System (PCS) Production Value (US$ Million) & (2020-2031)
Figure 13. Global Grid Forming Power Conversion System (PCS) Production Capacity (Units) & (2020-2031)
Figure 14. Global Grid Forming Power Conversion System (PCS) Production (Units) & (2020-2031)
Figure 15. Global Grid Forming Power Conversion System (PCS) Average Price (US$/Unit) & (2020-2031)
Figure 16. Grid Forming Power Conversion System (PCS) Report Years Considered
Figure 17. Grid Forming Power Conversion System (PCS) Production Share by Manufacturers in 2024
Figure 18. Global Grid Forming Power Conversion System (PCS) Production Value Share by Manufacturers (2024)
Figure 19. Grid Forming Power Conversion System (PCS) Market Share by Company Type (Tier 1, Tier 2, and Tier 3): 2020 VS 2024
Figure 20. The Global 5 and 10 Largest Players: Market Share by Grid Forming Power Conversion System (PCS) Revenue in 2024
Figure 21. Global Grid Forming Power Conversion System (PCS) Production Value by Region: 2020 VS 2024 VS 2031 (US$ Million)
Figure 22. Global Grid Forming Power Conversion System (PCS) Production Value Market Share by Region: 2020 VS 2024 VS 2031
Figure 23. Global Grid Forming Power Conversion System (PCS) Production Comparison by Region: 2020 VS 2024 VS 2031 (Units)
Figure 24. Global Grid Forming Power Conversion System (PCS) Production Market Share by Region: 2020 VS 2024 VS 2031
Figure 25. North America Grid Forming Power Conversion System (PCS) Production Value (US$ Million) Growth Rate (2020-2031)
Figure 26. Europe Grid Forming Power Conversion System (PCS) Production Value (US$ Million) Growth Rate (2020-2031)
Figure 27. China Grid Forming Power Conversion System (PCS) Production Value (US$ Million) Growth Rate (2020-2031)
Figure 28. Japan Grid Forming Power Conversion System (PCS) Production Value (US$ Million) Growth Rate (2020-2031)
Figure 29. Global Grid Forming Power Conversion System (PCS) Consumption by Region: 2020 VS 2024 VS 2031 (Units)
Figure 30. Global Grid Forming Power Conversion System (PCS) Consumption Market Share by Region: 2020 VS 2024 VS 2031
Figure 31. North America Grid Forming Power Conversion System (PCS) Consumption and Growth Rate (2020-2031) & (Units)
Figure 32. North America Grid Forming Power Conversion System (PCS) Consumption Market Share by Country (2020-2031)
Figure 33. U.S. Grid Forming Power Conversion System (PCS) Consumption and Growth Rate (2020-2031) & (Units)
Figure 34. Canada Grid Forming Power Conversion System (PCS) Consumption and Growth Rate (2020-2031) & (Units)
Figure 35. Europe Grid Forming Power Conversion System (PCS) Consumption and Growth Rate (2020-2031) & (Units)
Figure 36. Europe Grid Forming Power Conversion System (PCS) Consumption Market Share by Country (2020-2031)
Figure 37. Germany Grid Forming Power Conversion System (PCS) Consumption and Growth Rate (2020-2031) & (Units)
Figure 38. France Grid Forming Power Conversion System (PCS) Consumption and Growth Rate (2020-2031) & (Units)
Figure 39. U.K. Grid Forming Power Conversion System (PCS) Consumption and Growth Rate (2020-2031) & (Units)
Figure 40. Italy Grid Forming Power Conversion System (PCS) Consumption and Growth Rate (2020-2031) & (Units)
Figure 41. Netherlands Grid Forming Power Conversion System (PCS) Consumption and Growth Rate (2020-2031) & (Units)
Figure 42. Asia Pacific Grid Forming Power Conversion System (PCS) Consumption and Growth Rate (2020-2031) & (Units)
Figure 43. Asia Pacific Grid Forming Power Conversion System (PCS) Consumption Market Share by Region (2020-2031)
Figure 44. China Grid Forming Power Conversion System (PCS) Consumption and Growth Rate (2020-2031) & (Units)
Figure 45. Japan Grid Forming Power Conversion System (PCS) Consumption and Growth Rate (2020-2031) & (Units)
Figure 46. South Korea Grid Forming Power Conversion System (PCS) Consumption and Growth Rate (2020-2031) & (Units)
Figure 47. China Taiwan Grid Forming Power Conversion System (PCS) Consumption and Growth Rate (2020-2031) & (Units)
Figure 48. Southeast Asia Grid Forming Power Conversion System (PCS) Consumption and Growth Rate (2020-2031) & (Units)
Figure 49. India Grid Forming Power Conversion System (PCS) Consumption and Growth Rate (2020-2031) & (Units)
Figure 50. Latin America, Middle East & Africa Grid Forming Power Conversion System (PCS) Consumption and Growth Rate (2020-2031) & (Units)
Figure 51. Latin America, Middle East & Africa Grid Forming Power Conversion System (PCS) Consumption Market Share by Country (2020-2031)
Figure 52. Mexico Grid Forming Power Conversion System (PCS) Consumption and Growth Rate (2020-2031) & (Units)
Figure 53. Brazil Grid Forming Power Conversion System (PCS) Consumption and Growth Rate (2020-2031) & (Units)
Figure 54. Turkey Grid Forming Power Conversion System (PCS) Consumption and Growth Rate (2020-2031) & (Units)
Figure 55. GCC Countries Grid Forming Power Conversion System (PCS) Consumption and Growth Rate (2020-2031) & (Units)
Figure 56. Global Production Market Share of Grid Forming Power Conversion System (PCS) by Type (2020-2031)
Figure 57. Global Production Value Market Share of Grid Forming Power Conversion System (PCS) by Type (2020-2031)
Figure 58. Global Grid Forming Power Conversion System (PCS) Price (US$/Unit) by Type (2020-2031)
Figure 59. Global Production Market Share of Grid Forming Power Conversion System (PCS) by Application (2020-2031)
Figure 60. Global Production Value Market Share of Grid Forming Power Conversion System (PCS) by Application (2020-2031)
Figure 61. Global Grid Forming Power Conversion System (PCS) Price (US$/Unit) by Application (2020-2031)
Figure 62. Grid Forming Power Conversion System (PCS) Value Chain
Figure 63. Channels of Distribution (Direct Vs Distribution)
Figure 64. Bottom-up and Top-down Approaches for This Report
Figure 65. Data Triangulation
Published By : QY Research
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