The global Power Converters market was valued at US$ 225.9 million in 2022 and is projected to reach US$ 329.2 million by 2029, at a CAGR of 5.5% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
The USA market for Global Power Converters market is estimated to increase from USD million in 2022 to reach USD million by 2030, at a CAGR during the forecast period of 2023 through 2030.
The China market for Global Power Converters market is estimated to increase from USD million in 2022 to reach USD million by 2030, at a CAGR during the forecast period of 2023 through 2030.
The Europe market for Global Power Converters market is estimated to increase from USD million in 2022 to reach USD million by 2030, at a CAGR during the forecast period of 2023 through 2030.
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. This report contains market size and forecasts of Power Converters in global, including the following market information:
- Global Power Converters Market Revenue, 2018-2023, 2024-2029, ($ millions)
- Global Power Converters Market Sales, 2018-2023, 2024-2029, (K Units)
- Global top five Power Converters companies in 2022 (%)
The U.S. Market is Estimated at $ Million in 2022, While China is Forecast to Reach $ Million.
Low Voltage Power Converter Segment to Reach $ Million by 2029, with a % CAGR in next six years.
The global key manufacturers of Power Converters include SMA, ABB, Advanced Energy, Solar Edge, Schnrider Electric, Power Electronics, Fronius, Power-One and KACO, etc. in 2022, the global top five players have a share approximately % in terms of revenue.
We surveyed the Power Converters manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Power Converters Market, by Type, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global Power Converters Market Segment Percentages, by Type, 2022 (%)
- Low Voltage Power Converter
- High Voltage Power Converter
Global Power Converters Market, by Application, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global Power Converters Market Segment Percentages, by Application, 2022 (%)
- Electronics
- Industrial
- Infrastructure & Transportation
- Power Utilities
- Others
Global Power Converters Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global Power Converters Market Segment Percentages, By Region and Country, 2022 (%)
- North America (United States, Canada, Mexico)
- Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe)
- Asia-Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- The Middle East and Africa (Middle East, Africa)
- South and Central America (Brazil, Argentina, Rest of SCA)
Competitor Analysis
The report also provides analysis of leading market participants including:
- Key companies Power Converters revenues in global market, 2018-2023 (Estimated), ($ millions)
- Key companies Power Converters revenues share in global market, 2022 (%)
- Key companies Power Converters sales in global market, 2018-2023 (Estimated), (K Units)
- Key companies Power Converters sales share in global market, 2022 (%)
key players include:
- 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
Outline of Major Chapters:
Chapter 1: Introduces the definition of Power Converters, market overview.
Chapter 2: Global Power Converters market size in revenue and volume.
Chapter 3: Detailed analysis of Power Converters manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: 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 5: 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 6: Sales 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 of each country in the world.
Chapter 7: 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 8: Global Power Converters capacity by region & country.
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: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 11: The main points and conclusions of the report.
