Market Overview:
The global energy storage DC & AC power conversion system (PCS) market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for energy storage systems across various applications, such as DC power source usage, UPS, motor controller and solar. In addition, the growing demand for electric vehicles is also expected to boost the growth of the global energy storage DC & AC power conversion system (PCS) market during the forecast period. The global energy storage DC & AC power conversion system (PCS) market can be segmented on the basis of type into 12-48 V, 48-200 V, 200-400 V and above 400 V. The 48-200 V segment is expected to hold a major share of the global energy storage DC & AC power conversion system (PCS) market in 2018 and is projected to grow at a CAGR of XX% duringthe forecast period from 2018to 2030.
 Industry Outlook.svg)
Product Definition:
An energy storage DC & AC power conversion system (PCS) is a device that converts electrical energy from one form to another. The primary purpose of an energy storage DC & AC power conversion system (PCS) is to store or provide electrical power as needed. These systems are important because they allow for the efficient use and distribution of electricity.
12-48 V:
12-48 V is a voltage range that is widely used in electronic devices such as power tools, electric vehicles (EV), and energy storage systems. The 12-48 V range has been gaining popularity owing to the growing demand for consumer electronics products with higher voltage requirements. Moreover, this voltage range also caters to the high power requirements of EV charging infrastructure which includes fast chargers and CHAdeMO (Clean Hybrid Electric Vehicles Montage Optimized) protocol compatible chargers.
48-200 V:
48-200 V is a range of voltage that can be used in energy storage systems and power conversion system. It is also known as step-down voltage or secondary battery voltage. The main function of this 48-200 V range is to provide enough energy to start the engine in an electric vehicle, which usually ranges from 1000V to 1200V.
Application Insights:
The market is segmented by application into DC power source usage, UPS, motor controller, solar and others. The motor controller segment is expected to witness the highest CAGR over the forecast period owing to increasing demand for energy storage across various applications such as data centers and telecom companies.
UPS accounted for a significant share in 2017 due to its ability of providing backup power in case of emergency or during blackouts. Increasing number of cyberattacks around the world has led to increased demand for uninterruptible power supply systems that can withstand heavy load conditions without tripping off or shutting down automatically. Such factors are expected drive industry growth over the coming years.
Regional Analysis:
Asia Pacific is expected to emerge as the fastest-growing regional market over the forecast period. The growth can be attributed to increasing investments in renewable energy generation and adoption of DC power source for short-term energy storage applications. Increasing demand for clean electricity along with growing industrialization will drive the Asia Pacific market further.
Europe accounted for a significant share of global revenue in 2017 owing to early technology adoption by several key players coupled with high penetration of electric vehicles (EVs). However, slowdowns at nuclear power plants due to COVID-19 pandemic have resulted in increased reliance on other sources such as coal and gas which has hampered overall European energy storage industry growth. The Middle East & Africa region is projected to witness substantial growth over the next eight years owing its large oil & gas reserves that are used for temporary or emergency power supply during peak hour demands, thereby contributing significantly towards regional revenue generation.
Growth Factors:
- Increasing demand for energy storage systems from the utility sector to store renewable energy
- Growing demand for microgrids and distributed generation systems
- Rising concerns over grid reliability and security, which is driving investments in energy storage systems
- Proliferation of electric vehicles (EVs) that will require charging infrastructure with built-in energy storage capacity
- Development of innovative new technologies that are making energy storage systems more efficient and cost-effective
Scope Of The Report
Report Attributes
Report Details
Report Title
Energy Storage DC & AC Power Conversion System (PCS) Market Research Report
By Type
12-48 V, 48-200 V, 200-400 V, Above 400 V
By Application
DC Power Source Usage, UPS, Motor Controller, Solar
By Companies
ABB, Siemens, SMA, Yaskawa, Huawei, Sungrow, Schneider Electric, Fuji Electric, Solaredge, Inovance Technology, TBEA, TMEIC, Omron, Fronius, Enphase Energy, KACO, Ingeteam, Kostal, Bestek, NFA
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
120
Number of Tables & Figures
84
Customization Available
Yes, the report can be customized as per your need.
Global Energy Storage DC & AC Power Conversion System (PCS) Market Report Segments:
The global Energy Storage DC & AC Power Conversion System (PCS) market is segmented on the basis of:
Types
12-48 V, 48-200 V, 200-400 V, Above 400 V
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
DC Power Source Usage, UPS, Motor Controller, Solar
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:
- ABB
- Siemens
- SMA
- Yaskawa
- Huawei
- Sungrow
- Schneider Electric
- Fuji Electric
- Solaredge
- Inovance Technology
- TBEA
- TMEIC
- Omron
- Fronius
- Enphase Energy
- KACO
- Ingeteam
- Kostal
- Bestek
- NFA
 Market Overview.svg)
Highlights of The Energy Storage DC & AC Power Conversion System (PCS) 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:
- 12-48 V
- 48-200 V
- 200-400 V
- Above 400 V
- By Application:
- DC Power Source Usage
- UPS
- Motor Controller
- Solar
- 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 Energy Storage DC & AC Power Conversion System (PCS) 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
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
 Market Statistics.svg)
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?
An energy storage DC & AC power conversion system (PCS) is a type of electrical power conversion system that uses energy storage devices to store electricity and then converts it back into usable form when needed. This can be used to reduce the need for grid-based electricity, or to provide supplemental power when the grid is unavailable.
Some of the key players operating in the energy storage dc & ac power conversion system (pcs) market are ABB, Siemens, SMA, Yaskawa, Huawei, Sungrow, Schneider Electric, Fuji Electric, Solaredge, Inovance Technology, TBEA, TMEIC, Omron, Fronius, Enphase Energy, KACO, Ingeteam, Kostal, Bestek, NFA.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Energy Storage DC & AC Power Conversion System (PCS) 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 Energy Storage DC & AC Power Conversion System (PCS) Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Energy Storage DC & AC Power Conversion System (PCS) 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 Energy Storage DC & AC Power Conversion System (PCS) 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 Energy Storage DC & AC Power Conversion System (PCS) Market Size & Forecast, 2020-2028
4.5.1 Energy Storage DC & AC Power Conversion System (PCS) Market Size and Y-o-Y Growth
4.5.2 Energy Storage DC & AC Power Conversion System (PCS) 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 12-48 V
5.2.2 48-200 V
5.2.3 200-400 V
5.2.4 Above 400 V
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 DC Power Source Usage
6.2.2 UPS
6.2.3 Motor Controller
6.2.4 Solar
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Energy Storage DC & AC Power Conversion System (PCS) 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 Energy Storage DC & AC Power Conversion System (PCS) 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 12-48 V
9.6.2 48-200 V
9.6.3 200-400 V
9.6.4 Above 400 V
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 DC Power Source Usage
9.10.2 UPS
9.10.3 Motor Controller
9.10.4 Solar
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 12-48 V
10.6.2 48-200 V
10.6.3 200-400 V
10.6.4 Above 400 V
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 DC Power Source Usage
10.10.2 UPS
10.10.3 Motor Controller
10.10.4 Solar
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 12-48 V
11.6.2 48-200 V
11.6.3 200-400 V
11.6.4 Above 400 V
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 DC Power Source Usage
11.10.2 UPS
11.10.3 Motor Controller
11.10.4 Solar
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 12-48 V
12.6.2 48-200 V
12.6.3 200-400 V
12.6.4 Above 400 V
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 DC Power Source Usage
12.10.2 UPS
12.10.3 Motor Controller
12.10.4 Solar
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 12-48 V
13.6.2 48-200 V
13.6.3 200-400 V
13.6.4 Above 400 V
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 DC Power Source Usage
13.10.2 UPS
13.10.3 Motor Controller
13.10.4 Solar
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 Energy Storage DC & AC Power Conversion System (PCS) Market: Competitive Dashboard
14.2 Global Energy Storage DC & AC Power Conversion System (PCS) Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ABB
14.3.2 Siemens
14.3.3 SMA
14.3.4 Yaskawa
14.3.5 Huawei
14.3.6 Sungrow
14.3.7 Schneider Electric
14.3.8 Fuji Electric
14.3.9 Solaredge
14.3.10 Inovance Technology
14.3.11 TBEA
14.3.12 TMEIC
14.3.13 Omron
14.3.14 Fronius
14.3.15 Enphase Energy
14.3.16 KACO
14.3.17 Ingeteam
14.3.18 Kostal
14.3.19 Bestek
14.3.20 NFA
