The Market Reports
Call: +1-631-407-1315 / +91-750-729-1479
Email: sales@themarketreports.com
Wind Power Converter System-Global Market Insights and Sales Trends 2024
Synopsis
The global Wind Power Converter System market size is expected to reach US$ 587.1 million by 2029, growing at a CAGR of 7.1% from 2023 to 2029. The market is mainly driven by the significant applications of Wind Power Converter System in various end use industries. The expanding demands from the Offshore Wind Power and Onshore Wind Power, are propelling Wind Power Converter System market. Doubly-Fed, 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 Full Power segment is estimated at % CAGR for the next seven-year period.
According to the Global Wind Report 2023 released by the Global Wind Energy Council, by 2024, the newly installed capacity of global onshore wind power will exceed 100GW for the first time; by 2025, the newly installed capacity of global offshore wind power will also reach 25GW. In the next five years, the newly added grid-connected capacity of wind power will reach 680GW. The report also shows that the United States and Europe may experience a supply bottleneck of wind turbines and components in 2025. It recommends that national policymakers take immediate action to increase investment in supply chains to meet their rapid growth in demand and avoid supply chain bottlenecks hindering the development of wind power. In addition, according to Wood Mackenzie statistics, China is the largest and fastest-growing market for wind power generation in the world, accounting for more than half of the market share. Data from the National Energy Administration of China also shows that China's installed wind power capacity ranks first in the world, with a capacity of nearly 400 million kilowatts.
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 Wind Power Converter 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 Wind Power Converter 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 Wind Power Converter System market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Wind Power Converter 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 Wind Power Converter System covered in this report include ABB, AMSC, Siemens, Emerson, Vacon, Schneider, GE Power, Switch and Woodward, etc.
The global Wind Power Converter 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
AMSC
Siemens
Emerson
Vacon
Schneider
GE Power
Switch
Woodward
Ingeteam
Global Wind Power Converter 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 Wind Power Converter System market, Segment by Type:
Doubly-Fed
Full Power
Global Wind Power Converter System market, by Application
Offshore Wind Power
Onshore Wind Power
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 Wind Power Converter System manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Wind Power Converter 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.
The global Wind Power Converter System market size is expected to reach US$ 587.1 million by 2029, growing at a CAGR of 7.1% from 2023 to 2029. The market is mainly driven by the significant applications of Wind Power Converter System in various end use industries. The expanding demands from the Offshore Wind Power and Onshore Wind Power, are propelling Wind Power Converter System market. Doubly-Fed, 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 Full Power segment is estimated at % CAGR for the next seven-year period.
According to the Global Wind Report 2023 released by the Global Wind Energy Council, by 2024, the newly installed capacity of global onshore wind power will exceed 100GW for the first time; by 2025, the newly installed capacity of global offshore wind power will also reach 25GW. In the next five years, the newly added grid-connected capacity of wind power will reach 680GW. The report also shows that the United States and Europe may experience a supply bottleneck of wind turbines and components in 2025. It recommends that national policymakers take immediate action to increase investment in supply chains to meet their rapid growth in demand and avoid supply chain bottlenecks hindering the development of wind power. In addition, according to Wood Mackenzie statistics, China is the largest and fastest-growing market for wind power generation in the world, accounting for more than half of the market share. Data from the National Energy Administration of China also shows that China's installed wind power capacity ranks first in the world, with a capacity of nearly 400 million kilowatts.
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 Wind Power Converter 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 Wind Power Converter 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 Wind Power Converter System market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Wind Power Converter 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 Wind Power Converter System covered in this report include ABB, AMSC, Siemens, Emerson, Vacon, Schneider, GE Power, Switch and Woodward, etc.
The global Wind Power Converter 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
AMSC
Siemens
Emerson
Vacon
Schneider
GE Power
Switch
Woodward
Ingeteam
Global Wind Power Converter 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 Wind Power Converter System market, Segment by Type:
Doubly-Fed
Full Power
Global Wind Power Converter System market, by Application
Offshore Wind Power
Onshore Wind Power
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 Wind Power Converter System manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Wind Power Converter 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.
Index1 Wind Power Converter System Market Overview
1.1 Wind Power Converter System Product Overview
1.2 Wind Power Converter System Market Segment by Type
1.2.1 Doubly-Fed
1.2.2 Full Power
1.3 Global Wind Power Converter System Market Size by Type
1.3.1 Global Wind Power Converter System Market Size Overview by Type (2018-2029)
1.3.2 Global Wind Power Converter System Historic Market Size Review by Type (2018-2023)
1.3.3 Global Wind Power Converter System Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Wind Power Converter System Sales Breakdown by Type (2018-2023)
1.4.2 Europe Wind Power Converter System Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Wind Power Converter System Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Wind Power Converter System Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Wind Power Converter System Sales Breakdown by Type (2018-2023)
2 Global Wind Power Converter System Market Competition by Company
2.1 Global Top Players by Wind Power Converter System Sales (2018-2023)
2.2 Global Top Players by Wind Power Converter System Revenue (2018-2023)
2.3 Global Top Players by Wind Power Converter System Price (2018-2023)
2.4 Global Top Manufacturers Wind Power Converter System Manufacturing Base Distribution, Sales Area, Product Type
2.5 Wind Power Converter System Market Competitive Situation and Trends
2.5.1 Wind Power Converter System Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Wind Power Converter 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 Wind Power Converter System as of 2022)
2.7 Date of Key Manufacturers Enter into Wind Power Converter System Market
2.8 Key Manufacturers Wind Power Converter System Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Wind Power Converter System Status and Outlook by Region
3.1 Global Wind Power Converter System Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Wind Power Converter System Historic Market Size by Region
3.2.1 Global Wind Power Converter System Sales in Volume by Region (2018-2023)
3.2.2 Global Wind Power Converter System Sales in Value by Region (2018-2023)
3.2.3 Global Wind Power Converter System Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Wind Power Converter System Forecasted Market Size by Region
3.3.1 Global Wind Power Converter System Sales in Volume by Region (2024-2029)
3.3.2 Global Wind Power Converter System Sales in Value by Region (2024-2029)
3.3.3 Global Wind Power Converter System Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Wind Power Converter System by Application
4.1 Wind Power Converter System Market Segment by Application
4.1.1 Offshore Wind Power
4.1.2 Onshore Wind Power
4.2 Global Wind Power Converter System Market Size by Application
4.2.1 Global Wind Power Converter System Market Size Overview by Application (2018-2029)
4.2.2 Global Wind Power Converter System Historic Market Size Review by Application (2018-2023)
4.2.3 Global Wind Power Converter System Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Wind Power Converter System Sales Breakdown by Application (2018-2023)
4.3.2 Europe Wind Power Converter System Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Wind Power Converter System Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Wind Power Converter System Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Wind Power Converter System Sales Breakdown by Application (2018-2023)
5 North America Wind Power Converter System by Country
5.1 North America Wind Power Converter System Historic Market Size by Country
5.1.1 North America Wind Power Converter System Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Wind Power Converter System Sales in Volume by Country (2018-2023)
5.1.3 North America Wind Power Converter System Sales in Value by Country (2018-2023)
5.2 North America Wind Power Converter System Forecasted Market Size by Country
5.2.1 North America Wind Power Converter System Sales in Volume by Country (2024-2029)
5.2.2 North America Wind Power Converter System Sales in Value by Country (2024-2029)
6 Europe Wind Power Converter System by Country
6.1 Europe Wind Power Converter System Historic Market Size by Country
6.1.1 Europe Wind Power Converter System Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Wind Power Converter System Sales in Volume by Country (2018-2023)
6.1.3 Europe Wind Power Converter System Sales in Value by Country (2018-2023)
6.2 Europe Wind Power Converter System Forecasted Market Size by Country
6.2.1 Europe Wind Power Converter System Sales in Volume by Country (2024-2029)
6.2.2 Europe Wind Power Converter System Sales in Value by Country (2024-2029)
7 Asia-Pacific Wind Power Converter System by Region
7.1 Asia-Pacific Wind Power Converter System Historic Market Size by Region
7.1.1 Asia-Pacific Wind Power Converter System Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Wind Power Converter System Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Wind Power Converter System Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Wind Power Converter System Forecasted Market Size by Region
7.2.1 Asia-Pacific Wind Power Converter System Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Wind Power Converter System Sales in Value by Region (2024-2029)
8 Latin America Wind Power Converter System by Country
8.1 Latin America Wind Power Converter System Historic Market Size by Country
8.1.1 Latin America Wind Power Converter System Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Wind Power Converter System Sales in Volume by Country (2018-2023)
8.1.3 Latin America Wind Power Converter System Sales in Value by Country (2018-2023)
8.2 Latin America Wind Power Converter System Forecasted Market Size by Country
8.2.1 Latin America Wind Power Converter System Sales in Volume by Country (2024-2029)
8.2.2 Latin America Wind Power Converter System Sales in Value by Country (2024-2029)
9 Middle East and Africa Wind Power Converter System by Country
9.1 Middle East and Africa Wind Power Converter System Historic Market Size by Country
9.1.1 Middle East and Africa Wind Power Converter System Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Wind Power Converter System Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Wind Power Converter System Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Wind Power Converter System Forecasted Market Size by Country
9.2.1 Middle East and Africa Wind Power Converter System Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Wind Power Converter 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 Wind Power Converter System Sales, Revenue and Gross Margin (2018-2023)
10.1.4 ABB Wind Power Converter System Products Offered
10.1.5 ABB Recent Development
10.2 AMSC
10.2.1 AMSC Company Information
10.2.2 AMSC Introduction and Business Overview
10.2.3 AMSC Wind Power Converter System Sales, Revenue and Gross Margin (2018-2023)
10.2.4 AMSC Wind Power Converter System Products Offered
10.2.5 AMSC Recent Development
10.3 Siemens
10.3.1 Siemens Company Information
10.3.2 Siemens Introduction and Business Overview
10.3.3 Siemens Wind Power Converter System Sales, Revenue and Gross Margin (2018-2023)
10.3.4 Siemens Wind Power Converter System Products Offered
10.3.5 Siemens Recent Development
10.4 Emerson
10.4.1 Emerson Company Information
10.4.2 Emerson Introduction and Business Overview
10.4.3 Emerson Wind Power Converter System Sales, Revenue and Gross Margin (2018-2023)
10.4.4 Emerson Wind Power Converter System Products Offered
10.4.5 Emerson Recent Development
10.5 Vacon
10.5.1 Vacon Company Information
10.5.2 Vacon Introduction and Business Overview
10.5.3 Vacon Wind Power Converter System Sales, Revenue and Gross Margin (2018-2023)
10.5.4 Vacon Wind Power Converter System Products Offered
10.5.5 Vacon Recent Development
10.6 Schneider
10.6.1 Schneider Company Information
10.6.2 Schneider Introduction and Business Overview
10.6.3 Schneider Wind Power Converter System Sales, Revenue and Gross Margin (2018-2023)
10.6.4 Schneider Wind Power Converter System Products Offered
10.6.5 Schneider Recent Development
10.7 GE Power
10.7.1 GE Power Company Information
10.7.2 GE Power Introduction and Business Overview
10.7.3 GE Power Wind Power Converter System Sales, Revenue and Gross Margin (2018-2023)
10.7.4 GE Power Wind Power Converter System Products Offered
10.7.5 GE Power Recent Development
10.8 Switch
10.8.1 Switch Company Information
10.8.2 Switch Introduction and Business Overview
10.8.3 Switch Wind Power Converter System Sales, Revenue and Gross Margin (2018-2023)
10.8.4 Switch Wind Power Converter System Products Offered
10.8.5 Switch Recent Development
10.9 Woodward
10.9.1 Woodward Company Information
10.9.2 Woodward Introduction and Business Overview
10.9.3 Woodward Wind Power Converter System Sales, Revenue and Gross Margin (2018-2023)
10.9.4 Woodward Wind Power Converter System Products Offered
10.9.5 Woodward Recent Development
10.10 Ingeteam
10.10.1 Ingeteam Company Information
10.10.2 Ingeteam Introduction and Business Overview
10.10.3 Ingeteam Wind Power Converter System Sales, Revenue and Gross Margin (2018-2023)
10.10.4 Ingeteam Wind Power Converter System Products Offered
10.10.5 Ingeteam Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Wind Power Converter 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 Wind Power Converter System Industrial Chain Analysis
11.4 Wind Power Converter System Market Dynamics
11.4.1 Wind Power Converter System Industry Trends
11.4.2 Wind Power Converter System Market Drivers
11.4.3 Wind Power Converter System Market Challenges
11.4.4 Wind Power Converter System Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Wind Power Converter System Distributors
12.3 Wind Power Converter 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
Why ‘The Market Reports’
In Business:
Pre Sales Support:
Post Sales Support:
Turn Around Time:
Clients Served:
Clients Assisted:
Client Types:
Payment:
- Accept global payments [Credit Card / PayPal / Wire Transfer]
- Accept local payments in South Korea, Germany, China and India [Can pay in local currency]
Latest Energy & Power Market Reports
Payments Accepted From
Connect with us at
Complete Secure Website
