Market Overview:
The global permanent magnet full power converters market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for renewable energy sources and the growing need for reliable and efficient power conversion systems. Based on type, the global permanent magnet full power converters market can be segmented into normal temperature type and high temperature type. The high temperature type segment is expected to grow at a higher CAGR than the normal temperature type segment during the forecast period from 2018 to 2030. This growth can be attributed to the increasing demand for high-temperature applications, such as in steel production and glass manufacturing plants. Based on application, the global permanent magnet full power converters market can be divided into coastal region and inland city segments.
Product Definition:
A permanent magnet full power converter (PMFPC) is a type of electrical machine that uses a permanent magnet to generate rotational force. The rotational force is then converted into electrical energy using an electric generator. PMFPCs are important because they can be used to create high-efficiency electrical machines with relatively low weight and size.
Normal Temperature Type:
Normal temperature type is a power conditioning device used in the full-power magnetics industry. It is mainly employed to convert the high voltage direct current (HVDC) into low and medium voltage AC and back again when required. The normal temperature type has two major applications, one is to supply heating or cooling water or air for industrial purposes; another application involves its usage in HVAC systems that are used in commercial buildings, ships, trains and other transportation means.
High Temperature Type:
High temperature (HT) type permanent magnet full power converters are used in electric vehicles and power electronics. HT-PFCs offer several benefits over conventional PFCs such as high efficiency, low noise, wider operating range, reduced size/weight along with lower cost of manufacturing.
The global market for High Temperature (HT) Permanent Magnet Full Power Converters is expected to witness significant growth over the forecast period owing to increasing demand for Electric Vehicles (EV).
Application Insights:
In terms of application, the permanent magnet full power converters market has been segmented into coastal region, inland city and others. The coastal region includes countries having a coastline on three different continents; namely Asia Pacific, North America and Europe. Countries within this region are characterized by extreme weather conditions such as high humidity levels along with temperature changes from day to night. These factors result in increased demand for electricity generation resulting in an increased demand for FPCs across the regions coastline.
The Latin America FPC market is expected to witness significant growth over the forecast period owing to increasing investments by private companies along with government support in Brazil and Mexico that have resulted in growing industrialization leading to an increase in electricity consumption across these two countries which eventually increases demand for FPCs manufactured locally thereby driving regional markets over the forecast period (see table below).
Regional Analysis:
North America dominated the global permanent magnet full power converters market in 2017. The region is expected to witness a considerable growth rate of over 5% from 2018 to 2030. This can be attributed to increasing investments in renewable energy infrastructure and growing offshore wind farms across U.S., Canada, and Mexico. For instance, according to IEEFA, there are currently 1,enough offshore wind turbines for every household in the U.K.
Asia Pacific is anticipated to emerge as the fastest-growing regional market over the forecast period owing to rising demand from countries such as China.
Growth Factors:
- Increasing demand for electric vehicles: The global market for electric vehicles is expected to grow at a CAGR of more than 20% during the forecast period. This will lead to an increase in the demand for permanent magnet full power converters, as they are used in electric vehicles to convert electrical energy into mechanical energy.
- Rising investments in renewable energy: Renewable sources of energy such as solar and wind are becoming increasingly popular due to their environmental benefits and falling costs. This is leading to an increase in investments in renewable energy projects, which will drive the growth of the permanent magnet full power converter market.
- Growing popularity of smart grids: Smart grids are being increasingly adopted due to their ability to improve grid efficiency and reduce electricity costs. They use advanced technologies such as data analytics, communication networks, and control systems that help optimize the flow of electricity from generation facilities to consumers’ homes or businesses. This will create opportunities for permanent magnet full power converters in smart grid applications.
Scope Of The Report
Report Attributes
Report Details
Report Title
Permanent Magnet Full Power Converters Market Research Report
By Type
Normal Temperature Type, High Temperature Type
By Application
Coastal Region, Inland City
By Companies
Siemens, GE, Vestas, Enercon, Gamesa, MHI Vestas, Gold Wind, United Power, Mingyang, Envision, XEMC, Shanghai Electric
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
235
Number of Tables & Figures
165
Customization Available
Yes, the report can be customized as per your need.
Global Permanent Magnet Full Power Converters Market Report Segments:
The global Permanent Magnet Full Power Converters market is segmented on the basis of:
Types
Normal Temperature Type, High Temperature Type
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
Coastal Region, Inland City
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:
- Siemens
- GE
- Vestas
- Enercon
- Gamesa
- MHI Vestas
- Gold Wind
- United Power
- Mingyang
- Envision
- XEMC
- Shanghai Electric
Highlights of The Permanent Magnet Full Power Converters 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:
- Normal Temperature Type
- High Temperature Type
- By Application:
- Coastal Region
- Inland City
- 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 Permanent Magnet Full Power Converters 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?
Permanent Magnet Full Power Converters are a type of electric power converter that use permanent magnets to convert electrical energy into mechanical motion. This type of power converter is used in applications where high efficiency and low noise are required, such as medical equipment and industrial machinery.
Some of the major companies in the permanent magnet full power converters market are Siemens, GE, Vestas, Enercon, Gamesa, MHI Vestas, Gold Wind, United Power, Mingyang, Envision, XEMC, Shanghai Electric.
The permanent magnet full power converters market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Permanent Magnet Full Power Converters Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Permanent Magnet Full Power Converters Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Permanent Magnet Full Power Converters Market - Supply Chain
4.5. Global Permanent Magnet Full Power Converters Market Forecast
4.5.1. Permanent Magnet Full Power Converters Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Permanent Magnet Full Power Converters Market Size (000 Units) and Y-o-Y Growth
4.5.3. Permanent Magnet Full Power Converters Market Absolute $ Opportunity
5. Global Permanent Magnet Full Power Converters Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Permanent Magnet Full Power Converters Market Size and Volume Forecast by Type
5.3.1. Normal Temperature Type
5.3.2. High Temperature Type
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Permanent Magnet Full Power Converters Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Permanent Magnet Full Power Converters Market Size and Volume Forecast by Application
6.3.1. Coastal Region
6.3.2. Inland City
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Permanent Magnet Full Power Converters Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Permanent Magnet Full Power Converters Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Permanent Magnet Full Power Converters Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Permanent Magnet Full Power Converters Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Permanent Magnet Full Power Converters Demand Share Forecast, 2019-2026
9. North America Permanent Magnet Full Power Converters Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Permanent Magnet Full Power Converters Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Permanent Magnet Full Power Converters Market Size and Volume Forecast by Application
9.4.1. Coastal Region
9.4.2. Inland City
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Permanent Magnet Full Power Converters Market Size and Volume Forecast by Type
9.7.1. Normal Temperature Type
9.7.2. High Temperature Type
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Permanent Magnet Full Power Converters Demand Share Forecast, 2019-2026
10. Latin America Permanent Magnet Full Power Converters Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Permanent Magnet Full Power Converters Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Permanent Magnet Full Power Converters Market Size and Volume Forecast by Application
10.4.1. Coastal Region
10.4.2. Inland City
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Permanent Magnet Full Power Converters Market Size and Volume Forecast by Type
10.7.1. Normal Temperature Type
10.7.2. High Temperature Type
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Permanent Magnet Full Power Converters Demand Share Forecast, 2019-2026
11. Europe Permanent Magnet Full Power Converters Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Permanent Magnet Full Power Converters Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Permanent Magnet Full Power Converters Market Size and Volume Forecast by Application
11.4.1. Coastal Region
11.4.2. Inland City
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Permanent Magnet Full Power Converters Market Size and Volume Forecast by Type
11.7.1. Normal Temperature Type
11.7.2. High Temperature Type
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Permanent Magnet Full Power Converters Demand Share, 2019-2026
12. Asia Pacific Permanent Magnet Full Power Converters Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Permanent Magnet Full Power Converters Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Permanent Magnet Full Power Converters Market Size and Volume Forecast by Application
12.4.1. Coastal Region
12.4.2. Inland City
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Permanent Magnet Full Power Converters Market Size and Volume Forecast by Type
12.7.1. Normal Temperature Type
12.7.2. High Temperature Type
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Permanent Magnet Full Power Converters Demand Share, 2019-2026
13. Middle East & Africa Permanent Magnet Full Power Converters Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Permanent Magnet Full Power Converters Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Permanent Magnet Full Power Converters Market Size and Volume Forecast by Application
13.4.1. Coastal Region
13.4.2. Inland City
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Permanent Magnet Full Power Converters Market Size and Volume Forecast by Type
13.7.1. Normal Temperature Type
13.7.2. High Temperature Type
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Permanent Magnet Full Power Converters Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Permanent Magnet Full Power Converters Market: Market Share Analysis
14.2. Permanent Magnet Full Power Converters Distributors and Customers
14.3. Permanent Magnet Full Power Converters Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Siemens
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. GE
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Vestas
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Enercon
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Gamesa
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. MHI Vestas
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Gold Wind
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. United Power
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Mingyang
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Envision
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. XEMC
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Shanghai Electric
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
