Market Overview:
The global AC to AC convert market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The market growth is attributed to the increasing demand for energy-efficient and reliable power conversion systems across various industries. Additionally, the growing adoption of renewable energy sources is also propelling the growth of the global AC to AC convert market. Based on type, the global AC to AC convert market can be segmented into single phase and three phase systems. The three phase system segment is expected to account for a larger share of the global market in 2018 owing to its higher efficiency as compared with single phase systems.
Product Definition:
AC to AC convert is the process of converting Alternating Current (AC) to Direct Current (DC). It is important because it allows devices that use DC power, such as batteries, to be powered by AC electricity from the wall.
Single Phase:
Single-phase AC to AC (AC to AC convert) is a method of converting single-phase electric power into double/ quadruple/single phase electric power. It's major use is in the conversion of low voltage DC electricity from batteries, solar panels, and other sources into standard or high voltage electricity for usage in households and industries. Single Phase can be used with different voltages such as 220V, 230V, 240V etc.
Three Phase:
Three phase is a method of generating an electrical current by using three wires. The three-phase current can be used to power electronic devices such as computers, printers, modems and other peripheral devices. It has been widely used in commercial and residential buildings for decades.
The Three Phase In AC To AC Convert market is expected to grow at a significant rate owing to the increasing demand for modernizing the existing infrastructure worldwide which was earlier based on single phase technology.
Application Insights:
Manufacturing was the largest application segment in 2017 and is expected to continue its dominance over the forecast period. The growing manufacturing sector in countries such as China, India, South Korea and Japan is expected to drive demand for these products. In addition, increasing industrialization in developing countries of Central & South America and Asia Pacific are anticipated to fuel product demand over the forecast period.
The aviation segment accounted for a share of 15% of global AC To AC Convert market revenue in 2017 owing to rising installations at airports around the world. For instance; In 2014, GE Aviation launched an upgraded version of its GEA 2000 series with improved performance specifications that met IATA-approved standards for air traffic control (ATC) applications at various airports across Europe including London Heathrow Airport (LHR). Such initiatives by major industry players are likely to increase product penetration across ATC applications globally thereby driving market growth over the next eight years or so.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing market for global AC to AC convert equipment, owing to increasing industrialization and rapid urbanization. The region accounted for over 35% of the total revenue share in 2017. China and India are projected to remain key markets over the forecast period owing to their large manufacturing sector. Moreover, growing aviation industry in these countries will drive demand further.
Europe was valued at USD X million in 2017 and is anticipated to grow at a CAGR of XX% from 2018 through 2030 due high consumption of electricity generated by renewable sources such as wind farms or solar panels coupled with reducing carbon footprint caused by replacing old inefficient power generation systems with new efficient power generation systems that generate electricity using alternative sources such as clean coal technology, biomass gasification etc., thereby driving growth across this region during the forecast period.
Growth Factors:
- Increasing demand for energy-efficient appliances: The global market for AC to AC converters is expected to grow at a CAGR of over 9% from 2016 to 2024, owing to the increasing demand for energy-efficient appliances.
- Rising popularity of smart homes: The market for AC to AC converters is also expected to benefit from the rising popularity of smart homes, which are equipped with advanced features such as remote control and voice recognition.
- Growing awareness about the benefits of using inverters: There is a growing awareness among consumers about the benefits of using inverters, which has led to an increase in demand for AC to DC converters in recent years.
- Technological advancements: With technological advancements, there has been a shift towards more efficient and compact devices that consume less power and offer better performance than traditional ones. This is likely to boost the growth prospects of the global market for AC To DC Converter in coming years.
Scope Of The Report
Report Attributes
Report Details
Report Title
AC To AC Convert Market Research Report
By Type
Single Phase, Three Phase
By Application
Manufacturing, Aviation, Electric, Other
By Companies
Acsoon, DELTA, SoundTech, Safesave, GTAKE, Janson Controls, Machtric, KEWO, KCC, Powerbright
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
171
Number of Tables & Figures
120
Customization Available
Yes, the report can be customized as per your need.
Global AC To AC Convert Market Report Segments:
The global AC To AC Convert market is segmented on the basis of:
Types
Single Phase, Three Phase
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Manufacturing, Aviation, Electric, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Acsoon
- DELTA
- SoundTech
- Safesave
- GTAKE
- Janson Controls
- Machtric
- KEWO
- KCC
- Powerbright
Highlights of The AC To AC Convert Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Single Phase
- Three Phase
- By Application:
- Manufacturing
- Aviation
- Electric
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the AC To AC Convert Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
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- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
AC to AC convert is the conversion of alternating current (AC) to direct current (DC).
Some of the major players in the ac to ac convert market are Acsoon, DELTA, SoundTech, Safesave, GTAKE, Janson Controls, Machtric, KEWO, KCC, Powerbright.
The ac to ac convert market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 AC To AC Convert Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 AC To AC Convert Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 AC To AC Convert Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the AC To AC Convert Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global AC To AC Convert Market Size & Forecast, 2020-2028
4.5.1 AC To AC Convert Market Size and Y-o-Y Growth
4.5.2 AC To AC Convert Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Single Phase
5.2.2 Three Phase
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Manufacturing
6.2.2 Aviation
6.2.3 Electric
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global AC To AC Convert Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 AC To AC Convert Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Single Phase
9.6.2 Three Phase
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Manufacturing
9.10.2 Aviation
9.10.3 Electric
9.10.4 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Single Phase
10.6.2 Three Phase
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Manufacturing
10.10.2 Aviation
10.10.3 Electric
10.10.4 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Single Phase
11.6.2 Three Phase
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Manufacturing
11.10.2 Aviation
11.10.3 Electric
11.10.4 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Single Phase
12.6.2 Three Phase
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Manufacturing
12.10.2 Aviation
12.10.3 Electric
12.10.4 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Single Phase
13.6.2 Three Phase
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Manufacturing
13.10.2 Aviation
13.10.3 Electric
13.10.4 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 AC To AC Convert Market: Competitive Dashboard
14.2 Global AC To AC Convert Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Acsoon
14.3.2 DELTA
14.3.3 SoundTech
14.3.4 Safesave
14.3.5 GTAKE
14.3.6 Janson Controls
14.3.7 Machtric
14.3.8 KEWO
14.3.9 KCC
14.3.10 Powerbright
