Market Overview:
The global wind power converter market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for renewable energy sources and the rising concerns about climate change. The global wind power converter market can be segmented on the basis of type into double-fed converter and full-power converter. The full-power converter segment is expected to account for a larger share of the market in 2018. This segment is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. On the basis of application, the wind power generation system segment is expected to account for a larger share of the global wind power converter market in 2018.
Product Definition:
A wind power converter is a device used to convert kinetic energy from wind into electrical energy. Wind turbines are the most common type of wind power converter.
Double-fed converter:
Double-fed is a type of power conversion device that uses two independent sources of energy to generate electrical power. It is also known as the dual fuel or bi-fuel Power converter which can be used for commercial purposes in residential and industrial applications. The main advantages associated with double-fed wind turbines are reduced carbon footprint, lower operating costs and dependence on fossil fuels, improved grid quality & reliability along with quick start up & recovery from no load condition.
Full-power converter:
Full-power converters are used to convert the low voltage wind energy into higher voltage grid power. The full-power converter is a device that receives energy from the wind turbine’s generator and converts it to a regulated, high voltage AC current for distribution in household and commercial applications.
Application Insights:
The other application segment includes the power grid connected wind turbines and off-grid wind power generation system. The growth of the other application segment can be attributed to increasing government support for on-grid renewable energy generation systems in countries, such as Germany, Spain and Portugal. These nations have a history of supporting fossil fuel generators at the expense of onshore and offshore wind turbine installations due to political pressure from legacy industries that are dependent upon coal, oil and gas for their economic survival.
However, grid connected turbines offer benefits over off-grid systems including economies of scale resulting in lower installation costs; improved reliability through frequency control; standardization based upon international standards; integration with smart grids for increased efficiency through communication between different components within a system (e.g., load calculation).
Regional Analysis:
The Asia Pacific regional market accounted for the largest revenue share in 2017 and is anticipated to continue its dominance over the forecast period. The region has a large number of wind farms under development or completion, which are expected to augment market growth. China accounts for more than half of total installations across the globe owing to favorable government policies and subsidies provided by local governments in rural areas. In addition, growing awareness among consumers regarding environmental protection is driving demand across this region as well.
Europe was estimated at USD X million in 2017.
Growth Factors:
- Increasing demand for electricity due to population growth and industrialization in developing countries
- Government policies and regulations supporting the use of renewable energy sources
- Reduction in the cost of wind power systems due to technological advancements
- Growing awareness about the benefits of using wind power systems among consumers and businesses
- Expansion of distribution networks for renewable energy
Scope Of The Report
Report Attributes
Report Details
Report Title
Wind Power Converter Market Research Report
By Type
Double-fed converter, Full-power converter
By Application
Wind Power Generation System, Other
By Companies
ABB, Alstom, AMSC Windtec(USA Suzhou), Emerson Network Power Co., Ltd, Schneider, Sungrow Power Supply Co., Ltd, Corona, Jiuzhou Electrical, Chino-harvest wind power technology, Guodian Longyuan Electrical Co.,Ltd, ABB, CSR, Shanghai Hi-tech control system, Rongxin Power Electronic, Xin fengguang Electronic, Shandong BOS Power supply Co. Ltd, Shenzhen Hopewind Electric Co., Ltd
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
229
Number of Tables & Figures
161
Customization Available
Yes, the report can be customized as per your need.
Global Wind Power Converter Market Report Segments:
The global Wind Power Converter market is segmented on the basis of:
Types
Double-fed converter, Full-power converter
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
Wind Power Generation System, 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:
- ABB
- Alstom
- AMSC Windtec(USA Suzhou)
- Emerson Network Power Co., Ltd
- Schneider
- Sungrow Power Supply Co., Ltd
- Corona
- Jiuzhou Electrical
- Chino-harvest wind power technology
- Guodian Longyuan Electrical Co.,Ltd
- ABB
- CSR
- Shanghai Hi-tech control system
- Rongxin Power Electronic
- Xin fengguang Electronic
- Shandong BOS Power supply Co. Ltd
- Shenzhen Hopewind Electric Co., Ltd
Highlights of The Wind Power Converter 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:
- Double-fed converter
- Full-power converter
- By Application:
- Wind Power Generation System
- 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 Wind Power Converter 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
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?
A wind power converter is a device that converts the kinetic energy of wind into electrical energy.
Some of the major companies in the wind power converter market are ABB, Alstom, AMSC Windtec(USA Suzhou), Emerson Network Power Co., Ltd, Schneider, Sungrow Power Supply Co., Ltd, Corona, Jiuzhou Electrical, Chino-harvest wind power technology, Guodian Longyuan Electrical Co.,Ltd, ABB, CSR, Shanghai Hi-tech control system, Rongxin Power Electronic, Xin fengguang Electronic, Shandong BOS Power supply Co. Ltd, Shenzhen Hopewind Electric Co., Ltd.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Wind Power Converter 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 Wind Power Converter Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Wind Power Converter 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 Wind Power Converter 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 Wind Power Converter Market Size & Forecast, 2018-2028
4.5.1 Wind Power Converter Market Size and Y-o-Y Growth
4.5.2 Wind Power Converter Market Absolute $ Opportunity
Chapter 5 Global Wind Power Converter 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 Wind Power Converter Market Size Forecast by Type
5.2.1 Double-fed converter
5.2.2 Full-power converter
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Wind Power Converter 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 Wind Power Converter Market Size Forecast by Applications
6.2.1 Wind Power Generation System
6.2.2 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Wind Power Converter 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 Wind Power Converter 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 Wind Power Converter Analysis and Forecast
9.1 Introduction
9.2 North America Wind Power Converter 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 Wind Power Converter Market Size Forecast by Type
9.6.1 Double-fed converter
9.6.2 Full-power converter
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 Wind Power Converter Market Size Forecast by Applications
9.10.1 Wind Power Generation System
9.10.2 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 Wind Power Converter Analysis and Forecast
10.1 Introduction
10.2 Europe Wind Power Converter 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 Wind Power Converter Market Size Forecast by Type
10.6.1 Double-fed converter
10.6.2 Full-power converter
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 Wind Power Converter Market Size Forecast by Applications
10.10.1 Wind Power Generation System
10.10.2 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 Wind Power Converter Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Wind Power Converter 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 Wind Power Converter Market Size Forecast by Type
11.6.1 Double-fed converter
11.6.2 Full-power converter
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 Wind Power Converter Market Size Forecast by Applications
11.10.1 Wind Power Generation System
11.10.2 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 Wind Power Converter Analysis and Forecast
12.1 Introduction
12.2 Latin America Wind Power Converter 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 Wind Power Converter Market Size Forecast by Type
12.6.1 Double-fed converter
12.6.2 Full-power converter
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 Wind Power Converter Market Size Forecast by Applications
12.10.1 Wind Power Generation System
12.10.2 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) Wind Power Converter Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Wind Power Converter 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) Wind Power Converter Market Size Forecast by Type
13.6.1 Double-fed converter
13.6.2 Full-power converter
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) Wind Power Converter Market Size Forecast by Applications
13.10.1 Wind Power Generation System
13.10.2 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 Wind Power Converter Market: Competitive Dashboard
14.2 Global Wind Power Converter Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ABB
14.3.2 Alstom
14.3.3 AMSC Windtec(USA Suzhou)
14.3.4 Emerson Network Power Co., Ltd
14.3.5 Schneider
14.3.6 Sungrow Power Supply Co., Ltd
14.3.7 Corona
14.3.8 Jiuzhou Electrical
14.3.9 Chino-harvest wind power technology
14.3.10 Guodian Longyuan Electrical Co.,Ltd
14.3.11 ABB
14.3.12 CSR
14.3.13 Shanghai Hi-tech control system
14.3.14 Rongxin Power Electronic
14.3.15 Xin fengguang Electronic
14.3.16 Shandong BOS Power supply Co. Ltd
14.3.17 Shenzhen Hopewind Electric Co., Ltd
