Industry: Energy & Power
Published Date: 2024-04-18
Pages: 118 Pages
Report ld: 2783164
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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 Power Conversion System market is projected to grow from US$ 572.9 million in 2024 to US$ 1141.8 million by 2030, at a Compound Annual Growth Rate (CAGR) of 12.2% during the forecast period.
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%.
In terms of production side, this report researches the Power Conversion System production, growth rate, market share by manufacturers and by region (region level and country level), from 2019 to 2024, and forecast to 2030.
In terms of consumption side, this report focuses on the sales of Power Conversion System by region (region level and country level), by company, by Type and by Application. from 2019 to 2024 and forecast to 2030.
Report Covers:
This report presents an overview of global market for Power Conversion System, capacity, output, revenue and price. Analyses of the global market trends, with historic market revenue/sales data for 2019 - 2024, estimates for 2024, and projections of CAGR through 2030.
This report researches the key producers of Power Conversion System, also provides the consumption of main regions and countries. Highlights of the upcoming market potential for Power Conversion System, and key regions/countries of focus to forecast this market into various segments and sub-segments. Country specific data and market value analysis for the U.S., Canada, Mexico, Brazil, China, Japan, South Korea, Southeast Asia, India, Germany, the U.K., Italy, Middle East, Africa, and Other Countries.
This report focuses on the Power Conversion System sales, revenue, market share and industry ranking of main manufacturers, data from 2019 to 2024. Identification of the major stakeholders in the global Power Conversion System market, and analysis of their competitive landscape and market positioning based on recent developments and segmental revenues. This report will help stakeholders to understand the competitive landscape and gain more insights and position their businesses and market strategies in a better way.
This report analyzes the segments data by Type and by Application, sales, revenue, and price, from 2019 to 2030. Evaluation and forecast the market size for Power Conversion System sales, projected growth trends, production technology, application and end-user industry.
MARKET SEGMENTATION
CHAPTER OUTLINE
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by Type and by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Power Conversion System production/output of global and key producers (regions/countries). It provides a quantitative analysis of the production, and development potential of each producer in the next six years.
Chapter 3: Sales (consumption), revenue of Power Conversion System in global, regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 4: Detailed analysis of Power Conversion System manufacturers competitive landscape, price, sales, revenue, market share and industry ranking, latest development plan, merger, and acquisition information, etc.
Chapter 5: Provides the analysis of various market segments by Type, covering the sales, revenue, average price, and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 6: Provides the analysis of various market segments by Application, covering the sales, revenue, average price, and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 7: North America (US & Canada) by Type, by Application and by country, sales, and revenue for each segment.
Chapter 8: Europe by Type, by Application and by country, sales, and revenue for each segment.
Chapter 9: China by Type, and by Application, sales, and revenue for each segment.
Chapter 10: Asia (excluding China) by Type, by Application and by region, sales, and revenue for each segment.
Chapter 11: Middle East, Africa, Latin America by Type, by Application and by country, sales, and revenue for each segment.
Chapter 12: Provides profiles of key manufacturers, introducing the basic situation of the main companies in the market in detail, including product descriptions and specifications, Power Conversion System sales, revenue, price, gross margin, and recent development, etc.
Chapter 13: Analysis of industrial chain, sales channel, key raw materials, distributors and customers.
Chapter 14: Introduces 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 15: The main points and conclusions of the report.
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 Study Coverage
1.1 Power Conversion System Product Introduction
1.2 Market by Type
1.2.1 Global Power Conversion System Market Size by Type, 2019 VS 2023 VS 2030
1.2.2 Less than 500KW
1.2.3 500KW-1MW
1.2.4 Above than 1MW
1.3 Market by Application
1.3.1 Global Power Conversion System Market Size by Application, 2019 VS 2023 VS 2030
1.3.2 Power Station
1.3.3 Industrial Application
1.3.4 Others
1.4 Assumptions and Limitations
1.5 Study Objectives
1.6 Years Considered
2 Global Power Conversion System Production
2.1 Global Power Conversion System Production Capacity (2019-2030)
2.2 Global Power Conversion System Production by Region: 2019 VS 2023 VS 2030
2.3 Global Power Conversion System Production by Region
2.3.1 Global Power Conversion System Historic Production by Region (2019-2024)
2.3.2 Global Power Conversion System Forecasted Production by Region (2025-2030)
2.3.3 Global Power Conversion System Production Market Share by Region (2019-2030)
2.4 North America
2.5 Europe
2.6 China
2.7 Japan
3 Executive Summary
3.1 Global Power Conversion System Revenue Estimates and Forecasts 2019-2030
3.2 Global Power Conversion System Revenue by Region
3.2.1 Global Power Conversion System Revenue by Region: 2019 VS 2023 VS 2030
3.2.2 Global Power Conversion System Revenue by Region (2019-2024)
3.2.3 Global Power Conversion System Revenue by Region (2025-2030)
3.2.4 Global Power Conversion System Revenue Market Share by Region (2019-2030)
3.3 Global Power Conversion System Sales Estimates and Forecasts 2019-2030
3.4 Global Power Conversion System Sales by Region
3.4.1 Global Power Conversion System Sales by Region: 2019 VS 2023 VS 2030
3.4.2 Global Power Conversion System Sales by Region (2019-2024)
3.4.3 Global Power Conversion System Sales by Region (2025-2030)
3.4.4 Global Power Conversion System Sales Market Share by Region (2019-2030)
3.5 US & Canada
3.6 Europe
3.7 China
3.8 Asia (excluding China)
3.9 Middle East, Africa and Latin America
4 Competition by Manufactures
4.1 Global Power Conversion System Sales by Manufacturers
4.1.1 Global Power Conversion System Sales by Manufacturers (2019-2024)
4.1.2 Global Power Conversion System Sales Market Share by Manufacturers (2019-2024)
4.1.3 Global Top 10 and Top 5 Largest Manufacturers of Power Conversion System in 2023
4.2 Global Power Conversion System Revenue by Manufacturers
4.2.1 Global Power Conversion System Revenue by Manufacturers (2019-2024)
4.2.2 Global Power Conversion System Revenue Market Share by Manufacturers (2019-2024)
4.2.3 Global Top 10 and Top 5 Companies by Power Conversion System Revenue in 2023
4.3 Global Power Conversion System Sales Price by Manufacturers
4.4 Global Key Players of Power Conversion System, Industry Ranking, 2022 VS 2023 VS 2024
4.5 Analysis of Competitive Landscape
4.5.1 Manufacturers Market Concentration Ratio (CR5 and HHI)
4.5.2 Global Power Conversion System Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
4.6 Global Key Manufacturers of Power Conversion System, Manufacturing Base Distribution and Headquarters
4.7 Global Key Manufacturers of Power Conversion System, Product Offered and Application
4.8 Global Key Manufacturers of Power Conversion System, Date of Enter into This Industry
4.9 Mergers & Acquisitions, Expansion Plans
5 Market Size by Type
5.1 Global Power Conversion System Sales by Type
5.1.1 Global Power Conversion System Historical Sales by Type (2019-2024)
5.1.2 Global Power Conversion System Forecasted Sales by Type (2025-2030)
5.1.3 Global Power Conversion System Sales Market Share by Type (2019-2030)
5.2 Global Power Conversion System Revenue by Type
5.2.1 Global Power Conversion System Historical Revenue by Type (2019-2024)
5.2.2 Global Power Conversion System Forecasted Revenue by Type (2025-2030)
5.2.3 Global Power Conversion System Revenue Market Share by Type (2019-2030)
5.3 Global Power Conversion System Price by Type
5.3.1 Global Power Conversion System Price by Type (2019-2024)
5.3.2 Global Power Conversion System Price Forecast by Type (2025-2030)
6 Market Size by Application
6.1 Global Power Conversion System Sales by Application
6.1.1 Global Power Conversion System Historical Sales by Application (2019-2024)
6.1.2 Global Power Conversion System Forecasted Sales by Application (2025-2030)
6.1.3 Global Power Conversion System Sales Market Share by Application (2019-2030)
6.2 Global Power Conversion System Revenue by Application
6.2.1 Global Power Conversion System Historical Revenue by Application (2019-2024)
6.2.2 Global Power Conversion System Forecasted Revenue by Application (2025-2030)
6.2.3 Global Power Conversion System Revenue Market Share by Application (2019-2030)
6.3 Global Power Conversion System Price by Application
6.3.1 Global Power Conversion System Price by Application (2019-2024)
6.3.2 Global Power Conversion System Price Forecast by Application (2025-2030)
7 US & Canada
7.1 US & Canada Power Conversion System Market Size by Type
7.1.1 US & Canada Power Conversion System Sales by Type (2019-2030)
7.1.2 US & Canada Power Conversion System Revenue by Type (2019-2030)
7.2 US & Canada Power Conversion System Market Size by Application
7.2.1 US & Canada Power Conversion System Sales by Application (2019-2030)
7.2.2 US & Canada Power Conversion System Revenue by Application (2019-2030)
7.3 US & Canada Power Conversion System Sales by Country
7.3.1 US & Canada Power Conversion System Revenue by Country: 2019 VS 2023 VS 2030
7.3.2 US & Canada Power Conversion System Sales by Country (2019-2030)
7.3.3 US & Canada Power Conversion System Revenue by Country (2019-2030)
7.3.4 United States
7.3.5 Canada
8 Europe
8.1 Europe Power Conversion System Market Size by Type
8.1.1 Europe Power Conversion System Sales by Type (2019-2030)
8.1.2 Europe Power Conversion System Revenue by Type (2019-2030)
8.2 Europe Power Conversion System Market Size by Application
8.2.1 Europe Power Conversion System Sales by Application (2019-2030)
8.2.2 Europe Power Conversion System Revenue by Application (2019-2030)
8.3 Europe Power Conversion System Sales by Country
8.3.1 Europe Power Conversion System Revenue by Country: 2019 VS 2023 VS 2030
8.3.2 Europe Power Conversion System Sales by Country (2019-2030)
8.3.3 Europe Power Conversion System Revenue by Country (2019-2030)
8.3.4 Germany
8.3.5 France
8.3.6 U.K.
8.3.7 Italy
8.3.8 Russia
9 China
9.1 China Power Conversion System Market Size by Type
9.1.1 China Power Conversion System Sales by Type (2019-2030)
9.1.2 China Power Conversion System Revenue by Type (2019-2030)
9.2 China Power Conversion System Market Size by Application
9.2.1 China Power Conversion System Sales by Application (2019-2030)
9.2.2 China Power Conversion System Revenue by Application (2019-2030)
10 Asia (excluding China)
10.1 Asia Power Conversion System Market Size by Type
10.1.1 Asia Power Conversion System Sales by Type (2019-2030)
10.1.2 Asia Power Conversion System Revenue by Type (2019-2030)
10.2 Asia Power Conversion System Market Size by Application
10.2.1 Asia Power Conversion System Sales by Application (2019-2030)
10.2.2 Asia Power Conversion System Revenue by Application (2019-2030)
10.3 Asia Power Conversion System Sales by Region
10.3.1 Asia Power Conversion System Revenue by Region: 2019 VS 2023 VS 2030
10.3.2 Asia Power Conversion System Revenue by Region (2019-2030)
10.3.3 Asia Power Conversion System Sales by Region (2019-2030)
10.3.4 Japan
10.3.5 South Korea
10.3.6 China Taiwan
10.3.7 Southeast Asia
10.3.8 India
11 Middle East, Africa and Latin America
11.1 Middle East, Africa and Latin America Power Conversion System Market Size by Type
11.1.1 Middle East, Africa and Latin America Power Conversion System Sales by Type (2019-2030)
11.1.2 Middle East, Africa and Latin America Power Conversion System Revenue by Type (2019-2030)
11.2 Middle East, Africa and Latin America Power Conversion System Market Size by Application
11.2.1 Middle East, Africa and Latin America Power Conversion System Sales by Application (2019-2030)
11.2.2 Middle East, Africa and Latin America Power Conversion System Revenue by Application (2019-2030)
11.3 Middle East, Africa and Latin America Power Conversion System Sales by Country
11.3.1 Middle East, Africa and Latin America Power Conversion System Revenue by Country: 2019 VS 2023 VS 2030
11.3.2 Middle East, Africa and Latin America Power Conversion System Revenue by Country (2019-2030)
11.3.3 Middle East, Africa and Latin America Power Conversion System Sales by Country (2019-2030)
11.3.4 Brazil
11.3.5 Mexico
11.3.6 Turkey
11.3.7 Israel
11.3.8 GCC Countries
12 Corporate Profiles
12.1 ABB
12.1.1 ABB Company Information
12.1.2 ABB Overview
12.1.3 ABB Power Conversion System Sales, Price, Revenue and Gross Margin (2019-2024)
12.1.4 ABB Power Conversion System Product Model Numbers, Pictures, Descriptions and Specifications
12.1.5 ABB Recent Developments
12.2 Nidec Corporation
12.2.1 Nidec Corporation Company Information
12.2.2 Nidec Corporation Overview
12.2.3 Nidec Corporation Power Conversion System Sales, Price, Revenue and Gross Margin (2019-2024)
12.2.4 Nidec Corporation Power Conversion System Product Model Numbers, Pictures, Descriptions and Specifications
12.2.5 Nidec Corporation Recent Developments
12.3 Sungrow Power Supply Co.,Ltd.
12.3.1 Sungrow Power Supply Co.,Ltd. Company Information
12.3.2 Sungrow Power Supply Co.,Ltd. Overview
12.3.3 Sungrow Power Supply Co.,Ltd. Power Conversion System Sales, Price, Revenue and Gross Margin (2019-2024)
12.3.4 Sungrow Power Supply Co.,Ltd. Power Conversion System Product Model Numbers, Pictures, Descriptions and Specifications
12.3.5 Sungrow Power Supply Co.,Ltd. Recent Developments
12.4 Johnson Controls
12.4.1 Johnson Controls Company Information
12.4.2 Johnson Controls Overview
12.4.3 Johnson Controls Power Conversion System Sales, Price, Revenue and Gross Margin (2019-2024)
12.4.4 Johnson Controls Power Conversion System Product Model Numbers, Pictures, Descriptions and Specifications
12.4.5 Johnson Controls Recent Developments
12.5 Parker Hannifin
12.5.1 Parker Hannifin Company Information
12.5.2 Parker Hannifin Overview
12.5.3 Parker Hannifin Power Conversion System Sales, Price, Revenue and Gross Margin (2019-2024)
12.5.4 Parker Hannifin Power Conversion System Product Model Numbers, Pictures, Descriptions and Specifications
12.5.5 Parker Hannifin Recent Developments
12.6 Delta Electronics, Inc.
12.6.1 Delta Electronics, Inc. Company Information
12.6.2 Delta Electronics, Inc. Overview
12.6.3 Delta Electronics, Inc. Power Conversion System Sales, Price, Revenue and Gross Margin (2019-2024)
12.6.4 Delta Electronics, Inc. Power Conversion System Product Model Numbers, Pictures, Descriptions and Specifications
12.6.5 Delta Electronics, Inc. Recent Developments
12.7 HNAC Technology Co., Ltd.
12.7.1 HNAC Technology Co., Ltd. Company Information
12.7.2 HNAC Technology Co., Ltd. Overview
12.7.3 HNAC Technology Co., Ltd. Power Conversion System Sales, Price, Revenue and Gross Margin (2019-2024)
12.7.4 HNAC Technology Co., Ltd. Power Conversion System Product Model Numbers, Pictures, Descriptions and Specifications
12.7.5 HNAC Technology Co., Ltd. Recent Developments
12.8 Destin Power Inc.
12.8.1 Destin Power Inc. Company Information
12.8.2 Destin Power Inc. Overview
12.8.3 Destin Power Inc. Power Conversion System Sales, Price, Revenue and Gross Margin (2019-2024)
12.8.4 Destin Power Inc. Power Conversion System Product Model Numbers, Pictures, Descriptions and Specifications
12.8.5 Destin Power Inc. Recent Developments
12.9 Jiangsu Linyang Energy Co., Ltd.
12.9.1 Jiangsu Linyang Energy Co., Ltd. Company Information
12.9.2 Jiangsu Linyang Energy Co., Ltd. Overview
12.9.3 Jiangsu Linyang Energy Co., Ltd. Power Conversion System Sales, Price, Revenue and Gross Margin (2019-2024)
12.9.4 Jiangsu Linyang Energy Co., Ltd. Power Conversion System Product Model Numbers, Pictures, Descriptions and Specifications
12.9.5 Jiangsu Linyang Energy Co., Ltd. Recent Developments
12.10 China Greatwall Technology Group Co., Ltd.
12.10.1 China Greatwall Technology Group Co., Ltd. Company Information
12.10.2 China Greatwall Technology Group Co., Ltd. Overview
12.10.3 China Greatwall Technology Group Co., Ltd. Power Conversion System Sales, Price, Revenue and Gross Margin (2019-2024)
12.10.4 China Greatwall Technology Group Co., Ltd. Power Conversion System Product Model Numbers, Pictures, Descriptions and Specifications
12.10.5 China Greatwall Technology Group Co., Ltd. Recent Developments
12.11 Dynapower Company LLC
12.11.1 Dynapower Company LLC Company Information
12.11.2 Dynapower Company LLC Overview
12.11.3 Dynapower Company LLC Power Conversion System Sales, Price, Revenue and Gross Margin (2019-2024)
12.11.4 Dynapower Company LLC Power Conversion System Product Model Numbers, Pictures, Descriptions and Specifications
12.11.5 Dynapower Company LLC Recent Developments
12.12 Shanghai Sermatec Energy Technology Co., ltd.
12.12.1 Shanghai Sermatec Energy Technology Co., ltd. Company Information
12.12.2 Shanghai Sermatec Energy Technology Co., ltd. Overview
12.12.3 Shanghai Sermatec Energy Technology Co., ltd. Power Conversion System Sales, Price, Revenue and Gross Margin (2019-2024)
12.12.4 Shanghai Sermatec Energy Technology Co., ltd. Power Conversion System Product Model Numbers, Pictures, Descriptions and Specifications
12.12.5 Shanghai Sermatec Energy Technology Co., ltd. Recent Developments
12.13 Shenzhen Kstar Science&Technology Co.,Ltd.
12.13.1 Shenzhen Kstar Science&Technology Co.,Ltd. Company Information
12.13.2 Shenzhen Kstar Science&Technology Co.,Ltd. Overview
12.13.3 Shenzhen Kstar Science&Technology Co.,Ltd. Power Conversion System Sales, Price, Revenue and Gross Margin (2019-2024)
12.13.4 Shenzhen Kstar Science&Technology Co.,Ltd. Power Conversion System Product Model Numbers, Pictures, Descriptions and Specifications
12.13.5 Shenzhen Kstar Science&Technology Co.,Ltd. Recent Developments
12.14 Soaring
12.14.1 Soaring Company Information
12.14.2 Soaring Overview
12.14.3 Soaring Power Conversion System Sales, Price, Revenue and Gross Margin (2019-2024)
12.14.4 Soaring Power Conversion System Product Model Numbers, Pictures, Descriptions and Specifications
12.14.5 Soaring Recent Developments
12.15 TBEA
12.15.1 TBEA Company Information
12.15.2 TBEA Overview
12.15.3 TBEA Power Conversion System Sales, Price, Revenue and Gross Margin (2019-2024)
12.15.4 TBEA Power Conversion System Product Model Numbers, Pictures, Descriptions and Specifications
12.15.5 TBEA Recent Developments
12.16 Shenzhen Sinexcel Electric Co.,Ltd.
12.16.1 Shenzhen Sinexcel Electric Co.,Ltd. Company Information
12.16.2 Shenzhen Sinexcel Electric Co.,Ltd. Overview
12.16.3 Shenzhen Sinexcel Electric Co.,Ltd. Power Conversion System Sales, Price, Revenue and Gross Margin (2019-2024)
12.16.4 Shenzhen Sinexcel Electric Co.,Ltd. Power Conversion System Product Model Numbers, Pictures, Descriptions and Specifications
12.16.5 Shenzhen Sinexcel Electric Co.,Ltd. Recent Developments
13 Industry Chain and Sales Channels Analysis
13.1 Power Conversion System Industry Chain Analysis
13.2 Power Conversion System Key Raw Materials
13.2.1 Key Raw Materials
13.2.2 Raw Materials Key Suppliers
13.3 Power Conversion System Production Mode & Process
13.4 Power Conversion System Sales and Marketing
13.4.1 Power Conversion System Sales Channels
13.4.2 Power Conversion System Distributors
13.5 Power Conversion System Customers
14 Power Conversion System Market Dynamics
14.1 Power Conversion System Industry Trends
14.2 Power Conversion System Market Drivers
14.3 Power Conversion System Market Challenges
14.4 Power Conversion System Market Restraints
15 Key Finding in The Global Power Conversion System Study
16 Appendix
16.1 Research Methodology
16.1.1 Methodology/Research Approach
16.1.2 Data Source
16.2 Author Details
16.3 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
CHAPTER OUTLINE
QYRESEARCH'S STRENGTHS
TABLE OF CONTENTS
TABLE OF FIGURES
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