The global power converters market is expected to grow at a CAGR of 4.5% during the forecast period, to reach USD 3.2 billion by 2030. The growth of this market is driven by the increasing demand for power converters in various applications such as electronics, industrial, infrastructure & transportation and power utilities. The low voltage power converter segment accounted for the largest share of the global market in 2017 and is expected to continue its dominance throughout the forecast period due to its wide application across various industries such as electronics, industrial, infrastructure & transportation and power utilities.
- The increasing demand for power converters in the automotive industry is a major factor driving the growth of the power converters market.
- The increasing demand for power converters in the industrial sector is also a major factor driving the growth of this market.
- The growing need to reduce carbon emissions and improve fuel efficiency has led to an increase in demand for electric vehicles, which will drive up demand for power converters as well as other components such as batteries and chargers, which are used to convert electricity from one form to another.
- Increasing use of renewable energy sources such as solar and wind will also drive up demand for power converters due to their intermittent nature that requires storage devices like batteries or capacitors that require conversion from one form of energy into another form before it can be stored or used by consumers or businesses respectively.
- Increasing awareness about green technologies among consumers is also expected to boost sales of these products over time.
Industry Growth Insights published a new data on “Power Converters Market”. The research report is titled “Power Converters Market research by Types (Low Voltage Power Converter, High Voltage Power Converter), By Applications (Electronics, Industrial, Infrastructure & Transportation, Power Utilities, Others), By Players/Companies 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”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Power Converters Market Research Report
By Type
Low Voltage Power Converter, High Voltage Power Converter
By Application
Electronics, Industrial, Infrastructure & Transportation, Power Utilities, Others
By Companies
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
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
242
Number of Tables & Figures
170
Customization Available
Yes, the report can be customized as per your need.
Global Power Converters Market Report Segments:
The global Power Converters market is segmented on the basis of:
Types
Low Voltage Power Converter, High Voltage 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
Electronics, Industrial, Infrastructure & Transportation, Power Utilities, Others
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:
- 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
Highlights of The 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:
- Low Voltage Power Converter
- High Voltage Power Converter
- By Application:
- Electronics
- Industrial
- Infrastructure & Transportation
- Power Utilities
- Others
- 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 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.
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- Correctly Positioning New Products
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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?
A power converter is a device that converts electrical energy from one form to another.
Some of the major companies in the power converters market are 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.
The power converters market is expected to grow at a compound annual growth rate of 4.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. 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. 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. Power Converters Market - Supply Chain
4.5. Global Power Converters Market Forecast
4.5.1. Power Converters Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Power Converters Market Size (000 Units) and Y-o-Y Growth
4.5.3. Power Converters Market Absolute $ Opportunity
5. Global 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. Power Converters Market Size and Volume Forecast by Type
5.3.1. Low Voltage Power Converter
5.3.2. High Voltage Power Converter
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global 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. Power Converters Market Size and Volume Forecast by Application
6.3.1. Electronics
6.3.2. Industrial
6.3.3. Infrastructure & Transportation
6.3.4. Power Utilities
6.3.5. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global 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. 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 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. 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 Power Converters Demand Share Forecast, 2019-2026
9. North America 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 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 Power Converters Market Size and Volume Forecast by Application
9.4.1. Electronics
9.4.2. Industrial
9.4.3. Infrastructure & Transportation
9.4.4. Power Utilities
9.4.5. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Power Converters Market Size and Volume Forecast by Type
9.7.1. Low Voltage Power Converter
9.7.2. High Voltage Power Converter
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 Power Converters Demand Share Forecast, 2019-2026
10. Latin America 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 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 Power Converters Market Size and Volume Forecast by Application
10.4.1. Electronics
10.4.2. Industrial
10.4.3. Infrastructure & Transportation
10.4.4. Power Utilities
10.4.5. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Power Converters Market Size and Volume Forecast by Type
10.7.1. Low Voltage Power Converter
10.7.2. High Voltage Power Converter
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 Power Converters Demand Share Forecast, 2019-2026
11. Europe 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 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 Power Converters Market Size and Volume Forecast by Application
11.4.1. Electronics
11.4.2. Industrial
11.4.3. Infrastructure & Transportation
11.4.4. Power Utilities
11.4.5. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Power Converters Market Size and Volume Forecast by Type
11.7.1. Low Voltage Power Converter
11.7.2. High Voltage Power Converter
11.8. Basi 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 Power Converters Demand Share, 2019-2026
12. Asia Pacific 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 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 Power Converters Market Size and Volume Forecast by Application
12.4.1. Electronics
12.4.2. Industrial
12.4.3. Infrastructure & Transportation
12.4.4. Power Utilities
12.4.5. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Power Converters Market Size and Volume Forecast by Type
12.7.1. Low Voltage Power Converter
12.7.2. High Voltage Power Converter
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 Power Converters Demand Share, 2019-2026
13. Middle East & Africa 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 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 Power Converters Market Size and Volume Forecast by Application
13.4.1. Electronics
13.4.2. Industrial
13.4.3. Infrastructure & Transportation
13.4.4. Power Utilities
13.4.5. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Power Converters Market Size and Volume Forecast by Type
13.7.1. Low Voltage Power Converter
13.7.2. High Voltage Power Converter
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 Power Converters Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Power Converters Market: Market Share Analysis
14.2. Power Converters Distributors and Customers
14.3. Power Converters Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. SMA
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. ABB
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Advanced Energy
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Solar Edge
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Schnrider Electric
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Power Electronics
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Fronius
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Power-One
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. KACO
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Ingeteam
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Siemens
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Danfoss
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Kostal
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. TBEA
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. HuaWei
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. KSTAR
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Chint
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Sungrowpower
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Zeversolar
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. Growatt
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook