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Global Power Converters Market Research Report 2024
Synopsis
The global Power Converters market was valued at US$ 219.5 million in 2023 and is anticipated to reach US$ 293.5 million by 2030, witnessing a CAGR of 4.3% during the forecast period 2024-2030.
North American market for Power Converters is estimated to increase from $ million in 2023 to reach $ million by 2030, at a CAGR of % during the forecast period of 2024 through 2030.
Asia-Pacific market for Power Converters is estimated to increase from $ million in 2023 to reach $ million by 2030, at a CAGR of % during the forecast period of 2024 through 2030.
The major global manufacturers of Power Converters include SMA, ABB, Advanced Energy, Solar Edge, Schnrider Electric, Power Electronics, Fronius, Power-One and KACO, etc. In 2023, the world's top three vendors accounted for approximately % of the revenue.
This report aims to provide a comprehensive presentation of the global market for Power Converters, 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 Power Converters.
Report Scope
The Power Converters market size, estimations, and forecasts are provided in terms of output/shipments (K Units) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Power Converters 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 Power Converters 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
SMA
ABB
Advanced Energy
Solar Edge
Schnrider Electric
Power Electronics
Fronius
Power-One
KACO
Ingeteam
Siemens
Danfoss
Kostal
TBEA
HuaWei
KSTAR
Chint
Sungrowpower
Zeversolar
Growatt
Beijing NeGo
Anhui EHE
Omnik
Segment by Type
Low Voltage Power Converter
High Voltage Power Converter
Segment by Application
Electronics
Industrial
Infrastructure & Transportation
Power Utilities
Others
Production by Region
North America
Europe
China
Japan
South Korea
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
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 Power Converters manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Power Converters 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 Power Converters 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 Power Converters market was valued at US$ 219.5 million in 2023 and is anticipated to reach US$ 293.5 million by 2030, witnessing a CAGR of 4.3% during the forecast period 2024-2030.
North American market for Power Converters is estimated to increase from $ million in 2023 to reach $ million by 2030, at a CAGR of % during the forecast period of 2024 through 2030.
Asia-Pacific market for Power Converters is estimated to increase from $ million in 2023 to reach $ million by 2030, at a CAGR of % during the forecast period of 2024 through 2030.
The major global manufacturers of Power Converters include SMA, ABB, Advanced Energy, Solar Edge, Schnrider Electric, Power Electronics, Fronius, Power-One and KACO, etc. In 2023, the world's top three vendors accounted for approximately % of the revenue.
This report aims to provide a comprehensive presentation of the global market for Power Converters, 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 Power Converters.
Report Scope
The Power Converters market size, estimations, and forecasts are provided in terms of output/shipments (K Units) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Power Converters 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 Power Converters 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
SMA
ABB
Advanced Energy
Solar Edge
Schnrider Electric
Power Electronics
Fronius
Power-One
KACO
Ingeteam
Siemens
Danfoss
Kostal
TBEA
HuaWei
KSTAR
Chint
Sungrowpower
Zeversolar
Growatt
Beijing NeGo
Anhui EHE
Omnik
Segment by Type
Low Voltage Power Converter
High Voltage Power Converter
Segment by Application
Electronics
Industrial
Infrastructure & Transportation
Power Utilities
Others
Production by Region
North America
Europe
China
Japan
South Korea
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
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 Power Converters manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Power Converters 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 Power Converters 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 Power Converters Market Overview
1.1 Product Definition
1.2 Power Converters Segment by Type
1.2.1 Global Power Converters Market Value Growth Rate Analysis by Type 2023 VS 2030
1.2.2 Low Voltage Power Converter
1.2.3 High Voltage Power Converter
1.3 Power Converters Segment by Application
1.3.1 Global Power Converters Market Value Growth Rate Analysis by Application: 2023 VS 2030
1.3.2 Electronics
1.3.3 Industrial
1.3.4 Infrastructure & Transportation
1.3.5 Power Utilities
1.3.6 Others
1.4 Global Market Growth Prospects
1.4.1 Global Power Converters Production Value Estimates and Forecasts (2019-2030)
1.4.2 Global Power Converters Production Capacity Estimates and Forecasts (2019-2030)
1.4.3 Global Power Converters Production Estimates and Forecasts (2019-2030)
1.4.4 Global Power Converters Market Average Price Estimates and Forecasts (2019-2030)
1.5 Assumptions and Limitations
2 Market Competition by Manufacturers
2.1 Global Power Converters Production Market Share by Manufacturers (2019-2024)
2.2 Global Power Converters Production Value Market Share by Manufacturers (2019-2024)
2.3 Global Key Players of Power Converters, Industry Ranking, 2022 VS 2023 VS 2024
2.4 Global Power Converters Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
2.5 Global Power Converters Average Price by Manufacturers (2019-2024)
2.6 Global Key Manufacturers of Power Converters, Manufacturing Base Distribution and Headquarters
2.7 Global Key Manufacturers of Power Converters, Product Offered and Application
2.8 Global Key Manufacturers of Power Converters, Date of Enter into This Industry
2.9 Power Converters Market Competitive Situation and Trends
2.9.1 Power Converters Market Concentration Rate
2.9.2 Global 5 and 10 Largest Power Converters Players Market Share by Revenue
2.10 Mergers & Acquisitions, Expansion
3 Power Converters Production by Region
3.1 Global Power Converters Production Value Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.2 Global Power Converters Production Value by Region (2019-2030)
3.2.1 Global Power Converters Production Value Market Share by Region (2019-2024)
3.2.2 Global Forecasted Production Value of Power Converters by Region (2025-2030)
3.3 Global Power Converters Production Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.4 Global Power Converters Production by Region (2019-2030)
3.4.1 Global Power Converters Production Market Share by Region (2019-2024)
3.4.2 Global Forecasted Production of Power Converters by Region (2025-2030)
3.5 Global Power Converters Market Price Analysis by Region (2019-2024)
3.6 Global Power Converters Production and Value, Year-over-Year Growth
3.6.1 North America Power Converters Production Value Estimates and Forecasts (2019-2030)
3.6.2 Europe Power Converters Production Value Estimates and Forecasts (2019-2030)
3.6.3 China Power Converters Production Value Estimates and Forecasts (2019-2030)
3.6.4 Japan Power Converters Production Value Estimates and Forecasts (2019-2030)
3.6.5 South Korea Power Converters Production Value Estimates and Forecasts (2019-2030)
4 Power Converters Consumption by Region
4.1 Global Power Converters Consumption Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
4.2 Global Power Converters Consumption by Region (2019-2030)
4.2.1 Global Power Converters Consumption by Region (2019-2024)
4.2.2 Global Power Converters Forecasted Consumption by Region (2025-2030)
4.3 North America
4.3.1 North America Power Converters Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.3.2 North America Power Converters Consumption by Country (2019-2030)
4.3.3 U.S.
4.3.4 Canada
4.4 Europe
4.4.1 Europe Power Converters Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.4.2 Europe Power Converters Consumption by Country (2019-2030)
4.4.3 Germany
4.4.4 France
4.4.5 U.K.
4.4.6 Italy
4.4.7 Russia
4.5 Asia Pacific
4.5.1 Asia Pacific Power Converters Consumption Growth Rate by Region: 2019 VS 2023 VS 2030
4.5.2 Asia Pacific Power Converters Consumption by Region (2019-2030)
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 Power Converters Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.6.2 Latin America, Middle East & Africa Power Converters Consumption by Country (2019-2030)
4.6.3 Mexico
4.6.4 Brazil
4.6.5 Turkey
5 Segment by Type
5.1 Global Power Converters Production by Type (2019-2030)
5.1.1 Global Power Converters Production by Type (2019-2024)
5.1.2 Global Power Converters Production by Type (2025-2030)
5.1.3 Global Power Converters Production Market Share by Type (2019-2030)
5.2 Global Power Converters Production Value by Type (2019-2030)
5.2.1 Global Power Converters Production Value by Type (2019-2024)
5.2.2 Global Power Converters Production Value by Type (2025-2030)
5.2.3 Global Power Converters Production Value Market Share by Type (2019-2030)
5.3 Global Power Converters Price by Type (2019-2030)
6 Segment by Application
6.1 Global Power Converters Production by Application (2019-2030)
6.1.1 Global Power Converters Production by Application (2019-2024)
6.1.2 Global Power Converters Production by Application (2025-2030)
6.1.3 Global Power Converters Production Market Share by Application (2019-2030)
6.2 Global Power Converters Production Value by Application (2019-2030)
6.2.1 Global Power Converters Production Value by Application (2019-2024)
6.2.2 Global Power Converters Production Value by Application (2025-2030)
6.2.3 Global Power Converters Production Value Market Share by Application (2019-2030)
6.3 Global Power Converters Price by Application (2019-2030)
7 Key Companies Profiled
7.1 SMA
7.1.1 SMA Power Converters Corporation Information
7.1.2 SMA Power Converters Product Portfolio
7.1.3 SMA Power Converters Production, Value, Price and Gross Margin (2019-2024)
7.1.4 SMA Main Business and Markets Served
7.1.5 SMA Recent Developments/Updates
7.2 ABB
7.2.1 ABB Power Converters Corporation Information
7.2.2 ABB Power Converters Product Portfolio
7.2.3 ABB Power Converters Production, Value, Price and Gross Margin (2019-2024)
7.2.4 ABB Main Business and Markets Served
7.2.5 ABB Recent Developments/Updates
7.3 Advanced Energy
7.3.1 Advanced Energy Power Converters Corporation Information
7.3.2 Advanced Energy Power Converters Product Portfolio
7.3.3 Advanced Energy Power Converters Production, Value, Price and Gross Margin (2019-2024)
7.3.4 Advanced Energy Main Business and Markets Served
7.3.5 Advanced Energy Recent Developments/Updates
7.4 Solar Edge
7.4.1 Solar Edge Power Converters Corporation Information
7.4.2 Solar Edge Power Converters Product Portfolio
7.4.3 Solar Edge Power Converters Production, Value, Price and Gross Margin (2019-2024)
7.4.4 Solar Edge Main Business and Markets Served
7.4.5 Solar Edge Recent Developments/Updates
7.5 Schnrider Electric
7.5.1 Schnrider Electric Power Converters Corporation Information
7.5.2 Schnrider Electric Power Converters Product Portfolio
7.5.3 Schnrider Electric Power Converters Production, Value, Price and Gross Margin (2019-2024)
7.5.4 Schnrider Electric Main Business and Markets Served
7.5.5 Schnrider Electric Recent Developments/Updates
7.6 Power Electronics
7.6.1 Power Electronics Power Converters Corporation Information
7.6.2 Power Electronics Power Converters Product Portfolio
7.6.3 Power Electronics Power Converters Production, Value, Price and Gross Margin (2019-2024)
7.6.4 Power Electronics Main Business and Markets Served
7.6.5 Power Electronics Recent Developments/Updates
7.7 Fronius
7.7.1 Fronius Power Converters Corporation Information
7.7.2 Fronius Power Converters Product Portfolio
7.7.3 Fronius Power Converters Production, Value, Price and Gross Margin (2019-2024)
7.7.4 Fronius Main Business and Markets Served
7.7.5 Fronius Recent Developments/Updates
7.8 Power-One
7.8.1 Power-One Power Converters Corporation Information
7.8.2 Power-One Power Converters Product Portfolio
7.8.3 Power-One Power Converters Production, Value, Price and Gross Margin (2019-2024)
7.8.4 Power-One Main Business and Markets Served
7.7.5 Power-One Recent Developments/Updates
7.9 KACO
7.9.1 KACO Power Converters Corporation Information
7.9.2 KACO Power Converters Product Portfolio
7.9.3 KACO Power Converters Production, Value, Price and Gross Margin (2019-2024)
7.9.4 KACO Main Business and Markets Served
7.9.5 KACO Recent Developments/Updates
7.10 Ingeteam
7.10.1 Ingeteam Power Converters Corporation Information
7.10.2 Ingeteam Power Converters Product Portfolio
7.10.3 Ingeteam Power Converters Production, Value, Price and Gross Margin (2019-2024)
7.10.4 Ingeteam Main Business and Markets Served
7.10.5 Ingeteam Recent Developments/Updates
7.11 Siemens
7.11.1 Siemens Power Converters Corporation Information
7.11.2 Siemens Power Converters Product Portfolio
7.11.3 Siemens Power Converters Production, Value, Price and Gross Margin (2019-2024)
7.11.4 Siemens Main Business and Markets Served
7.11.5 Siemens Recent Developments/Updates
7.12 Danfoss
7.12.1 Danfoss Power Converters Corporation Information
7.12.2 Danfoss Power Converters Product Portfolio
7.12.3 Danfoss Power Converters Production, Value, Price and Gross Margin (2019-2024)
7.12.4 Danfoss Main Business and Markets Served
7.12.5 Danfoss Recent Developments/Updates
7.13 Kostal
7.13.1 Kostal Power Converters Corporation Information
7.13.2 Kostal Power Converters Product Portfolio
7.13.3 Kostal Power Converters Production, Value, Price and Gross Margin (2019-2024)
7.13.4 Kostal Main Business and Markets Served
7.13.5 Kostal Recent Developments/Updates
7.14 TBEA
7.14.1 TBEA Power Converters Corporation Information
7.14.2 TBEA Power Converters Product Portfolio
7.14.3 TBEA Power Converters Production, Value, Price and Gross Margin (2019-2024)
7.14.4 TBEA Main Business and Markets Served
7.14.5 TBEA Recent Developments/Updates
7.15 HuaWei
7.15.1 HuaWei Power Converters Corporation Information
7.15.2 HuaWei Power Converters Product Portfolio
7.15.3 HuaWei Power Converters Production, Value, Price and Gross Margin (2019-2024)
7.15.4 HuaWei Main Business and Markets Served
7.15.5 HuaWei Recent Developments/Updates
7.16 KSTAR
7.16.1 KSTAR Power Converters Corporation Information
7.16.2 KSTAR Power Converters Product Portfolio
7.16.3 KSTAR Power Converters Production, Value, Price and Gross Margin (2019-2024)
7.16.4 KSTAR Main Business and Markets Served
7.16.5 KSTAR Recent Developments/Updates
7.17 Chint
7.17.1 Chint Power Converters Corporation Information
7.17.2 Chint Power Converters Product Portfolio
7.17.3 Chint Power Converters Production, Value, Price and Gross Margin (2019-2024)
7.17.4 Chint Main Business and Markets Served
7.17.5 Chint Recent Developments/Updates
7.18 Sungrowpower
7.18.1 Sungrowpower Power Converters Corporation Information
7.18.2 Sungrowpower Power Converters Product Portfolio
7.18.3 Sungrowpower Power Converters Production, Value, Price and Gross Margin (2019-2024)
7.18.4 Sungrowpower Main Business and Markets Served
7.18.5 Sungrowpower Recent Developments/Updates
7.19 Zeversolar
7.19.1 Zeversolar Power Converters Corporation Information
7.19.2 Zeversolar Power Converters Product Portfolio
7.19.3 Zeversolar Power Converters Production, Value, Price and Gross Margin (2019-2024)
7.19.4 Zeversolar Main Business and Markets Served
7.19.5 Zeversolar Recent Developments/Updates
7.20 Growatt
7.20.1 Growatt Power Converters Corporation Information
7.20.2 Growatt Power Converters Product Portfolio
7.20.3 Growatt Power Converters Production, Value, Price and Gross Margin (2019-2024)
7.20.4 Growatt Main Business and Markets Served
7.20.5 Growatt Recent Developments/Updates
7.21 Beijing NeGo
7.21.1 Beijing NeGo Power Converters Corporation Information
7.21.2 Beijing NeGo Power Converters Product Portfolio
7.21.3 Beijing NeGo Power Converters Production, Value, Price and Gross Margin (2019-2024)
7.21.4 Beijing NeGo Main Business and Markets Served
7.21.5 Beijing NeGo Recent Developments/Updates
7.22 Anhui EHE
7.22.1 Anhui EHE Power Converters Corporation Information
7.22.2 Anhui EHE Power Converters Product Portfolio
7.22.3 Anhui EHE Power Converters Production, Value, Price and Gross Margin (2019-2024)
7.22.4 Anhui EHE Main Business and Markets Served
7.22.5 Anhui EHE Recent Developments/Updates
7.23 Omnik
7.23.1 Omnik Power Converters Corporation Information
7.23.2 Omnik Power Converters Product Portfolio
7.23.3 Omnik Power Converters Production, Value, Price and Gross Margin (2019-2024)
7.23.4 Omnik Main Business and Markets Served
7.23.5 Omnik Recent Developments/Updates
8 Industry Chain and Sales Channels Analysis
8.1 Power Converters Industry Chain Analysis
8.2 Power Converters Key Raw Materials
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.3 Power Converters Production Mode & Process
8.4 Power Converters Sales and Marketing
8.4.1 Power Converters Sales Channels
8.4.2 Power Converters Distributors
8.5 Power Converters Customers
9 Power Converters Market Dynamics
9.1 Power Converters Industry Trends
9.2 Power Converters Market Drivers
9.3 Power Converters Market Challenges
9.4 Power Converters Market Restraints
10 Research Finding 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
Published By : QY Research
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