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Power Conversion System-Global Market Insights and Sales Trends 2024

Power Conversion System-Global Market Insights and Sales Trends 2024

Publishing Date : Dec, 2023

License Type :
 

Report Code : 1876913

No of Pages : 118

Synopsis
The global Power Conversion System market size is expected to reach US$ 1141.8 million by 2029, growing at a CAGR of 12.2% from 2023 to 2029. The market is mainly driven by the significant applications of Power Conversion System in various end use industries. The expanding demands from the Power Station, Industrial Application and Others,, are propelling Power Conversion System market. Less than 500KW, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the 500KW-1MW segment is estimated at % CAGR for the next seven-year period.
In February 2023, the Standardization Administration of China and the National Energy Administration issued the Guidelines on the Construction of New Energy Storage Standard System, which included 205 new energy storage standards. In the 14th Five-Year Plan and the 2035 Vision Target Outline, the energy storage industry, energy storage capacity, energy storage projects have been made requirements. In 2021, China issued the Guiding Opinions on Accelerating the Development of New Energy Storage, which specified a clear path for the development of energy storage industry. According to the data of CEC, the cumulative installed capacity of electrochemical energy storage power stations that put into operation was mainly distributed in the power side, and the total energy is 6.80 GWh, which accounted for 48.40% by the end of 2022.
According to CNESA, by the end of 2022, the cumulative installed capacity of power energy storage projects which has put into operation in the world was 237.2GW, with an annual growth rate of 15%. The cumulative installed capacity of new energy storage reached 45.7GW, which has nearly twice of the same period last year, with an annual growth rate of 80%. The lithium-ion battery occupied an absolute dominant position, with an annual growth rate of more than 85%. The global energy storage market developed rapidly, and the installed capacity of new power energy storage projects is 30.7GW, with a year-on-year growth of 98%. China, Europe and the United States continued to lead the development of the global energy storage market, collectively accounting for 86% of the global market.
According to CNESA statistics, by the end of 2022, the total installed capacity of power energy storage projects put into operation in China was 59.8GW, accounting for 25% of the total global market scale, with an annual growth rate of 38%. The cumulative installed capacity of new energy storage exceeded 10GW for the first time, reaching 13.1GW / 27.1, GWh. And the annual growth rate of power scale reached 128%, while the annual growth rate of energy scale reached 141%. The installed capacity of newly added power energy storage projects in China reached 16.5GW for the first time, among which the new capacity of pumped storage was 9.1GW. Among the new energy storage, lithium-ion battery occupied an absolute dominant position, accounting for 136%.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Power Conversion System, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Power Conversion System market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Power Conversion System market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Power Conversion System sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Power Conversion System covered in this report include ABB, Nidec Corporation, Sungrow Power Supply Co.,Ltd., Johnson Controls, Parker Hannifin, Delta Electronics, Inc., HNAC Technology Co., Ltd., Destin Power Inc. and Jiangsu Linyang Energy Co., Ltd., etc.
The global Power Conversion System market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
ABB
Nidec Corporation
Sungrow Power Supply Co.,Ltd.
Johnson Controls
Parker Hannifin
Delta Electronics, Inc.
HNAC Technology Co., Ltd.
Destin Power Inc.
Jiangsu Linyang Energy Co., Ltd.
China Greatwall Technology Group Co., Ltd.
Dynapower Company LLC
Shanghai Sermatec Energy Technology Co., ltd.
Shenzhen Kstar Science&Technology Co.,Ltd.
Soaring
TBEA
Shenzhen Sinexcel Electric Co.,Ltd.
Global Power Conversion System market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Power Conversion System market, Segment by Type:
Less than 500KW
500KW-1MW
Above than 1MW
Global Power Conversion System market, by Application
Power Station
Industrial Application
Others
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Power Conversion System manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Power Conversion System in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. 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 Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Index
1 Power Conversion System Market Overview
1.1 Power Conversion System Product Overview
1.2 Power Conversion System Market Segment by Type
1.2.1 Less than 500KW
1.2.2 500KW-1MW
1.2.3 Above than 1MW
1.3 Global Power Conversion System Market Size by Type
1.3.1 Global Power Conversion System Market Size Overview by Type (2018-2029)
1.3.2 Global Power Conversion System Historic Market Size Review by Type (2018-2023)
1.3.3 Global Power Conversion System Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Power Conversion System Sales Breakdown by Type (2018-2023)
1.4.2 Europe Power Conversion System Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Power Conversion System Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Power Conversion System Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Power Conversion System Sales Breakdown by Type (2018-2023)
2 Global Power Conversion System Market Competition by Company
2.1 Global Top Players by Power Conversion System Sales (2018-2023)
2.2 Global Top Players by Power Conversion System Revenue (2018-2023)
2.3 Global Top Players by Power Conversion System Price (2018-2023)
2.4 Global Top Manufacturers Power Conversion System Manufacturing Base Distribution, Sales Area, Product Type
2.5 Power Conversion System Market Competitive Situation and Trends
2.5.1 Power Conversion System Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Power Conversion System Sales and Revenue in 2022
2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Power Conversion System as of 2022)
2.7 Date of Key Manufacturers Enter into Power Conversion System Market
2.8 Key Manufacturers Power Conversion System Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Power Conversion System Status and Outlook by Region
3.1 Global Power Conversion System Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Power Conversion System Historic Market Size by Region
3.2.1 Global Power Conversion System Sales in Volume by Region (2018-2023)
3.2.2 Global Power Conversion System Sales in Value by Region (2018-2023)
3.2.3 Global Power Conversion System Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Power Conversion System Forecasted Market Size by Region
3.3.1 Global Power Conversion System Sales in Volume by Region (2024-2029)
3.3.2 Global Power Conversion System Sales in Value by Region (2024-2029)
3.3.3 Global Power Conversion System Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Power Conversion System by Application
4.1 Power Conversion System Market Segment by Application
4.1.1 Power Station
4.1.2 Industrial Application
4.1.3 Others
4.2 Global Power Conversion System Market Size by Application
4.2.1 Global Power Conversion System Market Size Overview by Application (2018-2029)
4.2.2 Global Power Conversion System Historic Market Size Review by Application (2018-2023)
4.2.3 Global Power Conversion System Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Power Conversion System Sales Breakdown by Application (2018-2023)
4.3.2 Europe Power Conversion System Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Power Conversion System Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Power Conversion System Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Power Conversion System Sales Breakdown by Application (2018-2023)
5 North America Power Conversion System by Country
5.1 North America Power Conversion System Historic Market Size by Country
5.1.1 North America Power Conversion System Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Power Conversion System Sales in Volume by Country (2018-2023)
5.1.3 North America Power Conversion System Sales in Value by Country (2018-2023)
5.2 North America Power Conversion System Forecasted Market Size by Country
5.2.1 North America Power Conversion System Sales in Volume by Country (2024-2029)
5.2.2 North America Power Conversion System Sales in Value by Country (2024-2029)
6 Europe Power Conversion System by Country
6.1 Europe Power Conversion System Historic Market Size by Country
6.1.1 Europe Power Conversion System Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Power Conversion System Sales in Volume by Country (2018-2023)
6.1.3 Europe Power Conversion System Sales in Value by Country (2018-2023)
6.2 Europe Power Conversion System Forecasted Market Size by Country
6.2.1 Europe Power Conversion System Sales in Volume by Country (2024-2029)
6.2.2 Europe Power Conversion System Sales in Value by Country (2024-2029)
7 Asia-Pacific Power Conversion System by Region
7.1 Asia-Pacific Power Conversion System Historic Market Size by Region
7.1.1 Asia-Pacific Power Conversion System Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Power Conversion System Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Power Conversion System Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Power Conversion System Forecasted Market Size by Region
7.2.1 Asia-Pacific Power Conversion System Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Power Conversion System Sales in Value by Region (2024-2029)
8 Latin America Power Conversion System by Country
8.1 Latin America Power Conversion System Historic Market Size by Country
8.1.1 Latin America Power Conversion System Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Power Conversion System Sales in Volume by Country (2018-2023)
8.1.3 Latin America Power Conversion System Sales in Value by Country (2018-2023)
8.2 Latin America Power Conversion System Forecasted Market Size by Country
8.2.1 Latin America Power Conversion System Sales in Volume by Country (2024-2029)
8.2.2 Latin America Power Conversion System Sales in Value by Country (2024-2029)
9 Middle East and Africa Power Conversion System by Country
9.1 Middle East and Africa Power Conversion System Historic Market Size by Country
9.1.1 Middle East and Africa Power Conversion System Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Power Conversion System Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Power Conversion System Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Power Conversion System Forecasted Market Size by Country
9.2.1 Middle East and Africa Power Conversion System Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Power Conversion System Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 ABB
10.1.1 ABB Company Information
10.1.2 ABB Introduction and Business Overview
10.1.3 ABB Power Conversion System Sales, Revenue and Gross Margin (2018-2023)
10.1.4 ABB Power Conversion System Products Offered
10.1.5 ABB Recent Development
10.2 Nidec Corporation
10.2.1 Nidec Corporation Company Information
10.2.2 Nidec Corporation Introduction and Business Overview
10.2.3 Nidec Corporation Power Conversion System Sales, Revenue and Gross Margin (2018-2023)
10.2.4 Nidec Corporation Power Conversion System Products Offered
10.2.5 Nidec Corporation Recent Development
10.3 Sungrow Power Supply Co.,Ltd.
10.3.1 Sungrow Power Supply Co.,Ltd. Company Information
10.3.2 Sungrow Power Supply Co.,Ltd. Introduction and Business Overview
10.3.3 Sungrow Power Supply Co.,Ltd. Power Conversion System Sales, Revenue and Gross Margin (2018-2023)
10.3.4 Sungrow Power Supply Co.,Ltd. Power Conversion System Products Offered
10.3.5 Sungrow Power Supply Co.,Ltd. Recent Development
10.4 Johnson Controls
10.4.1 Johnson Controls Company Information
10.4.2 Johnson Controls Introduction and Business Overview
10.4.3 Johnson Controls Power Conversion System Sales, Revenue and Gross Margin (2018-2023)
10.4.4 Johnson Controls Power Conversion System Products Offered
10.4.5 Johnson Controls Recent Development
10.5 Parker Hannifin
10.5.1 Parker Hannifin Company Information
10.5.2 Parker Hannifin Introduction and Business Overview
10.5.3 Parker Hannifin Power Conversion System Sales, Revenue and Gross Margin (2018-2023)
10.5.4 Parker Hannifin Power Conversion System Products Offered
10.5.5 Parker Hannifin Recent Development
10.6 Delta Electronics, Inc.
10.6.1 Delta Electronics, Inc. Company Information
10.6.2 Delta Electronics, Inc. Introduction and Business Overview
10.6.3 Delta Electronics, Inc. Power Conversion System Sales, Revenue and Gross Margin (2018-2023)
10.6.4 Delta Electronics, Inc. Power Conversion System Products Offered
10.6.5 Delta Electronics, Inc. Recent Development
10.7 HNAC Technology Co., Ltd.
10.7.1 HNAC Technology Co., Ltd. Company Information
10.7.2 HNAC Technology Co., Ltd. Introduction and Business Overview
10.7.3 HNAC Technology Co., Ltd. Power Conversion System Sales, Revenue and Gross Margin (2018-2023)
10.7.4 HNAC Technology Co., Ltd. Power Conversion System Products Offered
10.7.5 HNAC Technology Co., Ltd. Recent Development
10.8 Destin Power Inc.
10.8.1 Destin Power Inc. Company Information
10.8.2 Destin Power Inc. Introduction and Business Overview
10.8.3 Destin Power Inc. Power Conversion System Sales, Revenue and Gross Margin (2018-2023)
10.8.4 Destin Power Inc. Power Conversion System Products Offered
10.8.5 Destin Power Inc. Recent Development
10.9 Jiangsu Linyang Energy Co., Ltd.
10.9.1 Jiangsu Linyang Energy Co., Ltd. Company Information
10.9.2 Jiangsu Linyang Energy Co., Ltd. Introduction and Business Overview
10.9.3 Jiangsu Linyang Energy Co., Ltd. Power Conversion System Sales, Revenue and Gross Margin (2018-2023)
10.9.4 Jiangsu Linyang Energy Co., Ltd. Power Conversion System Products Offered
10.9.5 Jiangsu Linyang Energy Co., Ltd. Recent Development
10.10 China Greatwall Technology Group Co., Ltd.
10.10.1 China Greatwall Technology Group Co., Ltd. Company Information
10.10.2 China Greatwall Technology Group Co., Ltd. Introduction and Business Overview
10.10.3 China Greatwall Technology Group Co., Ltd. Power Conversion System Sales, Revenue and Gross Margin (2018-2023)
10.10.4 China Greatwall Technology Group Co., Ltd. Power Conversion System Products Offered
10.10.5 China Greatwall Technology Group Co., Ltd. Recent Development
10.11 Dynapower Company LLC
10.11.1 Dynapower Company LLC Company Information
10.11.2 Dynapower Company LLC Introduction and Business Overview
10.11.3 Dynapower Company LLC Power Conversion System Sales, Revenue and Gross Margin (2018-2023)
10.11.4 Dynapower Company LLC Power Conversion System Products Offered
10.11.5 Dynapower Company LLC Recent Development
10.12 Shanghai Sermatec Energy Technology Co., ltd.
10.12.1 Shanghai Sermatec Energy Technology Co., ltd. Company Information
10.12.2 Shanghai Sermatec Energy Technology Co., ltd. Introduction and Business Overview
10.12.3 Shanghai Sermatec Energy Technology Co., ltd. Power Conversion System Sales, Revenue and Gross Margin (2018-2023)
10.12.4 Shanghai Sermatec Energy Technology Co., ltd. Power Conversion System Products Offered
10.12.5 Shanghai Sermatec Energy Technology Co., ltd. Recent Development
10.13 Shenzhen Kstar Science&Technology Co.,Ltd.
10.13.1 Shenzhen Kstar Science&Technology Co.,Ltd. Company Information
10.13.2 Shenzhen Kstar Science&Technology Co.,Ltd. Introduction and Business Overview
10.13.3 Shenzhen Kstar Science&Technology Co.,Ltd. Power Conversion System Sales, Revenue and Gross Margin (2018-2023)
10.13.4 Shenzhen Kstar Science&Technology Co.,Ltd. Power Conversion System Products Offered
10.13.5 Shenzhen Kstar Science&Technology Co.,Ltd. Recent Development
10.14 Soaring
10.14.1 Soaring Company Information
10.14.2 Soaring Introduction and Business Overview
10.14.3 Soaring Power Conversion System Sales, Revenue and Gross Margin (2018-2023)
10.14.4 Soaring Power Conversion System Products Offered
10.14.5 Soaring Recent Development
10.15 TBEA
10.15.1 TBEA Company Information
10.15.2 TBEA Introduction and Business Overview
10.15.3 TBEA Power Conversion System Sales, Revenue and Gross Margin (2018-2023)
10.15.4 TBEA Power Conversion System Products Offered
10.15.5 TBEA Recent Development
10.16 Shenzhen Sinexcel Electric Co.,Ltd.
10.16.1 Shenzhen Sinexcel Electric Co.,Ltd. Company Information
10.16.2 Shenzhen Sinexcel Electric Co.,Ltd. Introduction and Business Overview
10.16.3 Shenzhen Sinexcel Electric Co.,Ltd. Power Conversion System Sales, Revenue and Gross Margin (2018-2023)
10.16.4 Shenzhen Sinexcel Electric Co.,Ltd. Power Conversion System Products Offered
10.16.5 Shenzhen Sinexcel Electric Co.,Ltd. Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Power Conversion System Key Raw Materials
11.1.1 Key Raw Materials
11.1.2 Key Raw Materials Price
11.1.3 Raw Materials Key Suppliers
11.2 Manufacturing Cost Structure
11.2.1 Raw Materials
11.2.2 Labor Cost
11.2.3 Manufacturing Expenses
11.3 Power Conversion System Industrial Chain Analysis
11.4 Power Conversion System Market Dynamics
11.4.1 Power Conversion System Industry Trends
11.4.2 Power Conversion System Market Drivers
11.4.3 Power Conversion System Market Challenges
11.4.4 Power Conversion System Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Power Conversion System Distributors
12.3 Power Conversion System Downstream Customers
13 Research Findings and Conclusion
14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.2 Data Source
14.2 Author Details
14.3 Disclaimer

Published By : QY Research

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