Industry: Energy & Power
Published Date: 2024-01-06
Pages: 144 Pages
Report ld: 2594094
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Power Conversion System Market Size(US$)

CAGR 2024-2030
12.2%
Market Size,2030
USD 1,141.8
Million
Market Snapshot
Source: Secondary research, interviews with experts, and QYResearch analysis
The global market for Power Conversion System was estimated to be worth US$ 508.6 million in 2023 and is forecast to a readjusted size of US$ 1141.8 million by 2030 with a CAGR of 12.2% during the forecast period 2024-2030
In February 2023, the Standardization Administration of China and the National Energy Administration issued the Guidelines on the Construction of New Energy Storage Standard System, which included 205 new energy storage standards. In the 14th Five-Year Plan and the 2035 Vision Target Outline, the energy storage industry, energy storage capacity, energy storage projects have been made requirements. In 2021, China issued the Guiding Opinions on Accelerating the Development of New Energy Storage, which specified a clear path for the development of energy storage industry. According to the data of CEC, the cumulative installed capacity of electrochemical energy storage power stations that put into operation was mainly distributed in the power side, and the total energy is 6.80 GWh, which accounted for 48.40% by the end of 2022.
According to CNESA, by the end of 2022, the cumulative installed capacity of power energy storage projects which has put into operation in the world was 237.2GW, with an annual growth rate of 15%. The cumulative installed capacity of new energy storage reached 45.7GW, which has nearly twice of the same period last year, with an annual growth rate of 80%. The lithium-ion battery occupied an absolute dominant position, with an annual growth rate of more than 85%. The global energy storage market developed rapidly, and the installed capacity of new power energy storage projects is 30.7GW, with a year-on-year growth of 98%. China, Europe and the United States continued to lead the development of the global energy storage market, collectively accounting for 86% of the global market.
According to CNESA statistics, by the end of 2022, the total installed capacity of power energy storage projects put into operation in China was 59.8GW, accounting for 25% of the total global market scale, with an annual growth rate of 38%. The cumulative installed capacity of new energy storage exceeded 10GW for the first time, reaching 13.1GW / 27.1, GWh. And the annual growth rate of power scale reached 128%, while the annual growth rate of energy scale reached 141%. The installed capacity of newly added power energy storage projects in China reached 16.5GW for the first time, among which the new capacity of pumped storage was 9.1GW. Among the new energy storage, lithium-ion battery occupied an absolute dominant position, accounting for 136%.
MARKET SEGMENTATION
REPORT SCOPE
This report aims to provide a comprehensive presentation of the global market for Power Conversion System, focusing on the total sales volume, sales revenue, price, key companies market share and ranking, together with an analysis of Power Conversion System by region & country, by Type, and by Application.
The Power Conversion System market size, estimations, and forecasts are provided in terms of sales volume (MW) and sales revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. With both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Power Conversion System.
CHAPTER OUTLINE
Chapter 1: Introduces the report scope of the report, global total market size (valve, volume and price). This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 2: Detailed analysis of Power Conversion System manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 5: Sales, revenue of Power Conversion System in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 6: Sales, revenue of Power Conversion System in country level. It provides sigmate data by Type, and by Application for each country/region.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.
QYRESEARCH'S STRENGTHS
Unlike generic global market reports, this study combines macro-level industry trends with hyper-local operational intelligence, empowering data-driven decisions across the Compound Chocolate value chain, addressing:
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TABLE OF CONTENTS
1 Market Overview
1.1 Power Conversion System Product Introduction
1.2 Global Power Conversion System Market Size Forecast
1.2.1 Global Power Conversion System Sales Value (2019-2030)
1.2.2 Global Power Conversion System Sales Volume (2019-2030)
1.2.3 Global Power Conversion System Sales Price (2019-2030)
1.3 Power Conversion System Market Trends & Drivers
1.3.1 Power Conversion System Industry Trends
1.3.2 Power Conversion System Market Drivers & Opportunity
1.3.3 Power Conversion System Market Challenges
1.3.4 Power Conversion System Market Restraints
1.4 Assumptions and Limitations
1.5 Study Objectives
1.6 Years Considered
2 Competitive Analysis by Company
2.1 Global Power Conversion System Players Revenue Ranking (2023)
2.2 Global Power Conversion System Revenue by Company (2019-2024)
2.3 Global Power Conversion System Players Sales Volume Ranking (2023)
2.4 Global Power Conversion System Sales Volume by Company Players (2019-2024)
2.5 Global Power Conversion System Average Price by Company (2019-2024)
2.6 Key Manufacturers Power Conversion System Manufacturing Base Distribution and Headquarters
2.7 Key Manufacturers Power Conversion System Product Offered
2.8 Key Manufacturers Time to Begin Mass Production of Power Conversion System
2.9 Power Conversion System Market Competitive Analysis
2.9.1 Power Conversion System Market Concentration Rate (2019-2024)
2.9.2 Global 5 and 10 Largest Manufacturers by Power Conversion System Revenue in 2023
2.9.3 Global Top Manufacturers by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Power Conversion System as of 2023)
2.10 Mergers & Acquisitions, Expansion
3 Segmentation by Type
3.1 Introduction by Type
3.1.1 Less than 500KW
3.1.2 500KW-1MW
3.1.3 Above than 1MW
3.2 Global Power Conversion System Sales Value by Type
3.2.1 Global Power Conversion System Sales Value by Type (2019 VS 2023 VS 2030)
3.2.2 Global Power Conversion System Sales Value, by Type (2019-2030)
3.2.3 Global Power Conversion System Sales Value, by Type (%) (2019-2030)
3.3 Global Power Conversion System Sales Volume by Type
3.3.1 Global Power Conversion System Sales Volume by Type (2019 VS 2023 VS 2030)
3.3.2 Global Power Conversion System Sales Volume, by Type (2019-2030)
3.3.3 Global Power Conversion System Sales Volume, by Type (%) (2019-2030)
3.4 Global Power Conversion System Average Price by Type (2019-2030)
4 Segmentation by Application
4.1 Introduction by Application
4.1.1 Power Station
4.1.2 Industrial Application
4.1.3 Others
4.2 Global Power Conversion System Sales Value by Application
4.2.1 Global Power Conversion System Sales Value by Application (2019 VS 2023 VS 2030)
4.2.2 Global Power Conversion System Sales Value, by Application (2019-2030)
4.2.3 Global Power Conversion System Sales Value, by Application (%) (2019-2030)
4.3 Global Power Conversion System Sales Volume by Application
4.3.1 Global Power Conversion System Sales Volume by Application (2019 VS 2023 VS 2030)
4.3.2 Global Power Conversion System Sales Volume, by Application (2019-2030)
4.3.3 Global Power Conversion System Sales Volume, by Application (%) (2019-2030)
4.4 Global Power Conversion System Average Price by Application (2019-2030)
5 Segmentation by Region
5.1 Global Power Conversion System Sales Value by Region
5.1.1 Global Power Conversion System Sales Value by Region: 2019 VS 2023 VS 2030
5.1.2 Global Power Conversion System Sales Value by Region (2019-2024)
5.1.3 Global Power Conversion System Sales Value by Region (2025-2030)
5.1.4 Global Power Conversion System Sales Value by Region (%), (2019-2030)
5.2 Global Power Conversion System Sales Volume by Region
5.2.1 Global Power Conversion System Sales Volume by Region: 2019 VS 2023 VS 2030
5.2.2 Global Power Conversion System Sales Volume by Region (2019-2024)
5.2.3 Global Power Conversion System Sales Volume by Region (2025-2030)
5.2.4 Global Power Conversion System Sales Volume by Region (%), (2019-2030)
5.3 Global Power Conversion System Average Price by Region (2019-2030)
5.4 North America
5.4.1 North America Power Conversion System Sales Value, 2019-2030
5.4.2 North America Power Conversion System Sales Value by Country (%), 2023 VS 2030
5.5 Europe
5.5.1 Europe Power Conversion System Sales Value, 2019-2030
5.5.2 Europe Power Conversion System Sales Value by Country (%), 2023 VS 2030
5.6 Asia Pacific
5.6.1 Asia Pacific Power Conversion System Sales Value, 2019-2030
5.6.2 Asia Pacific Power Conversion System Sales Value by Country (%), 2023 VS 2030
5.7 South America
5.7.1 South America Power Conversion System Sales Value, 2019-2030
5.7.2 South America Power Conversion System Sales Value by Country (%), 2023 VS 2030
5.8 Middle East & Africa
5.8.1 Middle East & Africa Power Conversion System Sales Value, 2019-2030
5.8.2 Middle East & Africa Power Conversion System Sales Value by Country (%), 2023 VS 2030
6 Segmentation by Key Countries/Regions
6.1 Key Countries/Regions Power Conversion System Sales Value Growth Trends, 2019 VS 2023 VS 2030
6.2 Key Countries/Regions Power Conversion System Sales Value
6.2.1 Key Countries/Regions Power Conversion System Sales Value, 2019-2030
6.2.2 Key Countries/Regions Power Conversion System Sales Volume, 2019-2030
6.3 United States
6.3.1 United States Power Conversion System Sales Value, 2019-2030
6.3.2 United States Power Conversion System Sales Value by Type (%), 2023 VS 2030
6.3.3 United States Power Conversion System Sales Value by Application, 2023 VS 2030
6.4 Europe
6.4.1 Europe Power Conversion System Sales Value, 2019-2030
6.4.2 Europe Power Conversion System Sales Value by Type (%), 2023 VS 2030
6.4.3 Europe Power Conversion System Sales Value by Application, 2023 VS 2030
6.5 China
6.5.1 China Power Conversion System Sales Value, 2019-2030
6.5.2 China Power Conversion System Sales Value by Type (%), 2023 VS 2030
6.5.3 China Power Conversion System Sales Value by Application, 2023 VS 2030
6.6 Japan
6.6.1 Japan Power Conversion System Sales Value, 2019-2030
6.6.2 Japan Power Conversion System Sales Value by Type (%), 2023 VS 2030
6.6.3 Japan Power Conversion System Sales Value by Application, 2023 VS 2030
6.7 South Korea
6.7.1 South Korea Power Conversion System Sales Value, 2019-2030
6.7.2 South Korea Power Conversion System Sales Value by Type (%), 2023 VS 2030
6.7.3 South Korea Power Conversion System Sales Value by Application, 2023 VS 2030
6.8 Southeast Asia
6.8.1 Southeast Asia Power Conversion System Sales Value, 2019-2030
6.8.2 Southeast Asia Power Conversion System Sales Value by Type (%), 2023 VS 2030
6.8.3 Southeast Asia Power Conversion System Sales Value by Application, 2023 VS 2030
6.9 India
6.9.1 India Power Conversion System Sales Value, 2019-2030
6.9.2 India Power Conversion System Sales Value by Type (%), 2023 VS 2030
6.9.3 India Power Conversion System Sales Value by Application, 2023 VS 2030
7 Company Profiles
7.1 ABB
7.1.1 ABB Company Information
7.1.2 ABB Introduction and Business Overview
7.1.3 ABB Power Conversion System Sales, Revenue and Gross Margin (2019-2024)
7.1.4 ABB Power Conversion System Product Offerings
7.1.5 ABB Recent Development
7.2 Nidec Corporation
7.2.1 Nidec Corporation Company Information
7.2.2 Nidec Corporation Introduction and Business Overview
7.2.3 Nidec Corporation Power Conversion System Sales, Revenue and Gross Margin (2019-2024)
7.2.4 Nidec Corporation Power Conversion System Product Offerings
7.2.5 Nidec Corporation Recent Development
7.3 Sungrow Power Supply Co.,Ltd.
7.3.1 Sungrow Power Supply Co.,Ltd. Company Information
7.3.2 Sungrow Power Supply Co.,Ltd. Introduction and Business Overview
7.3.3 Sungrow Power Supply Co.,Ltd. Power Conversion System Sales, Revenue and Gross Margin (2019-2024)
7.3.4 Sungrow Power Supply Co.,Ltd. Power Conversion System Product Offerings
7.3.5 Sungrow Power Supply Co.,Ltd. Recent Development
7.4 Johnson Controls
7.4.1 Johnson Controls Company Information
7.4.2 Johnson Controls Introduction and Business Overview
7.4.3 Johnson Controls Power Conversion System Sales, Revenue and Gross Margin (2019-2024)
7.4.4 Johnson Controls Power Conversion System Product Offerings
7.4.5 Johnson Controls Recent Development
7.5 Parker Hannifin
7.5.1 Parker Hannifin Company Information
7.5.2 Parker Hannifin Introduction and Business Overview
7.5.3 Parker Hannifin Power Conversion System Sales, Revenue and Gross Margin (2019-2024)
7.5.4 Parker Hannifin Power Conversion System Product Offerings
7.5.5 Parker Hannifin Recent Development
7.6 Delta Electronics, Inc.
7.6.1 Delta Electronics, Inc. Company Information
7.6.2 Delta Electronics, Inc. Introduction and Business Overview
7.6.3 Delta Electronics, Inc. Power Conversion System Sales, Revenue and Gross Margin (2019-2024)
7.6.4 Delta Electronics, Inc. Power Conversion System Product Offerings
7.6.5 Delta Electronics, Inc. Recent Development
7.7 HNAC Technology Co., Ltd.
7.7.1 HNAC Technology Co., Ltd. Company Information
7.7.2 HNAC Technology Co., Ltd. Introduction and Business Overview
7.7.3 HNAC Technology Co., Ltd. Power Conversion System Sales, Revenue and Gross Margin (2019-2024)
7.7.4 HNAC Technology Co., Ltd. Power Conversion System Product Offerings
7.7.5 HNAC Technology Co., Ltd. Recent Development
7.8 Destin Power Inc.
7.8.1 Destin Power Inc. Company Information
7.8.2 Destin Power Inc. Introduction and Business Overview
7.8.3 Destin Power Inc. Power Conversion System Sales, Revenue and Gross Margin (2019-2024)
7.8.4 Destin Power Inc. Power Conversion System Product Offerings
7.8.5 Destin Power Inc. Recent Development
7.9 Jiangsu Linyang Energy Co., Ltd.
7.9.1 Jiangsu Linyang Energy Co., Ltd. Company Information
7.9.2 Jiangsu Linyang Energy Co., Ltd. Introduction and Business Overview
7.9.3 Jiangsu Linyang Energy Co., Ltd. Power Conversion System Sales, Revenue and Gross Margin (2019-2024)
7.9.4 Jiangsu Linyang Energy Co., Ltd. Power Conversion System Product Offerings
7.9.5 Jiangsu Linyang Energy Co., Ltd. Recent Development
7.10 China Greatwall Technology Group Co., Ltd.
7.10.1 China Greatwall Technology Group Co., Ltd. Company Information
7.10.2 China Greatwall Technology Group Co., Ltd. Introduction and Business Overview
7.10.3 China Greatwall Technology Group Co., Ltd. Power Conversion System Sales, Revenue and Gross Margin (2019-2024)
7.10.4 China Greatwall Technology Group Co., Ltd. Power Conversion System Product Offerings
7.10.5 China Greatwall Technology Group Co., Ltd. Recent Development
7.11 Dynapower Company LLC
7.11.1 Dynapower Company LLC Company Information
7.11.2 Dynapower Company LLC Introduction and Business Overview
7.11.3 Dynapower Company LLC Power Conversion System Sales, Revenue and Gross Margin (2019-2024)
7.11.4 Dynapower Company LLC Power Conversion System Product Offerings
7.11.5 Dynapower Company LLC Recent Development
7.12 Shanghai Sermatec Energy Technology Co., ltd.
7.12.1 Shanghai Sermatec Energy Technology Co., ltd. Company Information
7.12.2 Shanghai Sermatec Energy Technology Co., ltd. Introduction and Business Overview
7.12.3 Shanghai Sermatec Energy Technology Co., ltd. Power Conversion System Sales, Revenue and Gross Margin (2019-2024)
7.12.4 Shanghai Sermatec Energy Technology Co., ltd. Power Conversion System Product Offerings
7.12.5 Shanghai Sermatec Energy Technology Co., ltd. Recent Development
7.13 Shenzhen Kstar Science&Technology Co.,Ltd.
7.13.1 Shenzhen Kstar Science&Technology Co.,Ltd. Company Information
7.13.2 Shenzhen Kstar Science&Technology Co.,Ltd. Introduction and Business Overview
7.13.3 Shenzhen Kstar Science&Technology Co.,Ltd. Power Conversion System Sales, Revenue and Gross Margin (2019-2024)
7.13.4 Shenzhen Kstar Science&Technology Co.,Ltd. Power Conversion System Product Offerings
7.13.5 Shenzhen Kstar Science&Technology Co.,Ltd. Recent Development
7.14 Soaring
7.14.1 Soaring Company Information
7.14.2 Soaring Introduction and Business Overview
7.14.3 Soaring Power Conversion System Sales, Revenue and Gross Margin (2019-2024)
7.14.4 Soaring Power Conversion System Product Offerings
7.14.5 Soaring Recent Development
7.15 TBEA
7.15.1 TBEA Company Information
7.15.2 TBEA Introduction and Business Overview
7.15.3 TBEA Power Conversion System Sales, Revenue and Gross Margin (2019-2024)
7.15.4 TBEA Power Conversion System Product Offerings
7.15.5 TBEA Recent Development
7.16 Shenzhen Sinexcel Electric Co.,Ltd.
7.16.1 Shenzhen Sinexcel Electric Co.,Ltd. Company Information
7.16.2 Shenzhen Sinexcel Electric Co.,Ltd. Introduction and Business Overview
7.16.3 Shenzhen Sinexcel Electric Co.,Ltd. Power Conversion System Sales, Revenue and Gross Margin (2019-2024)
7.16.4 Shenzhen Sinexcel Electric Co.,Ltd. Power Conversion System Product Offerings
7.16.5 Shenzhen Sinexcel Electric Co.,Ltd. Recent Development
8 Industry Chain Analysis
8.1 Power Conversion System Industrial Chain
8.2 Power Conversion System Upstream Analysis
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.2.3 Manufacturing Cost Structure
8.3 Midstream Analysis
8.4 Downstream Analysis (Customers Analysis)
8.5 Sales Model and Sales Channels
8.5.1 Power Conversion System Sales Model
8.5.2 Sales Channel
8.5.3 Power Conversion System Distributors
9 Research Findings and Conclusion
10 Appendix
10.1 Research Methodology
10.1.1 Methodology/Research Approach
10.1.2 Data Source
10.2 Author Details
10.3 Disclaimer
TABLE OF FIGURES
List of Tables
List of Figures
KEY QUESTIONS ADDRESSED BY THE REPORT
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REPORT COVERAGE
DESCRIPTION
OVERVIEW
MARKET SEGMENTATION
REPORT SCOPE
CHAPTER OUTLINE
QYRESEARCH'S STRENGTHS
TABLE OF CONTENTS
TABLE OF FIGURES
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