The global Power Conversion market was valued at 2583.59 Million USD in 2020 and will grow with a CAGR of 3.72% from 2020 to 2027, based on newly published report.
The prime objective of this report is to provide the insights on the post COVID-19 impact which will help market players in this field evaluate their business approaches. Also, this report covers market segmentation by major market verdors, types, applications/end users and geography(North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America).
Converters and inverters are electrical devices that convert current. Converters convert the voltage of an electric device, usually alternating current (AC) to direct current (DC) or change the current frequency.In terms of region, the largest segment of Power Conversion Market would be Asia-Pacific, with a market share of over 47% in 2019. The follower is Europe accounted for nearly 23% of global market. For applications of Power Conversion Market, Motor Controller is the largest segment with a market share of nearly 44% in 2019. DC Power Source Usage and UPS accounted for about 26% and 18% of global market, respectively.
By Market Verdors:
ABB
Siemens
SMA
Yaskawa
Huawei
Sungrow
Schneider Electric
Fuji Electric
Solaredge
Inovance Technology
TBEA
TMEIC
Omron
Fronius
Enphase Energy
KACO
Ingeteam
Kostal
Bestek
NFA
By Types:
12-48 V
48-200 V
200-400 V
Above 400 V
By Applications:
DC Power Source Usage
UPS
Motor Controller
Solar
Key Indicators Analysed
Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2016-2027 & Sales with a thorough analysis of the market’s competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.
Global and Regional Market Analysis: The report includes Global & Regional market status and outlook 2016-2027. Further the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast. With detailed analysis by types and applications.
Market Trends: Market key trends which include Increased Competition and Continuous Innovations.
Opportunities and Drivers: Identifying the Growing Demands and New Technology
Porters Five Force Analysis: The report provides with the state of competition in industry depending on five basic forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry.
Key Reasons to Purchase
To gain insightful analyses of the market and have comprehensive understanding of the global market and its commercial landscape.
Assess the production processes, major issues, and solutions to mitigate the development risk.
To understand the most affecting driving and restraining forces in the market and its impact in the global market.
Learn about the market strategies that are being adopted by leading respective organizations.
To understand the future outlook and prospects for the market.
Besides the standard structure reports, we also provide custom research according to specific requirements.
Chapter 1 Industry Overview
1.1 Definition
1.2 Assumptions
1.3 Research Scope
1.4 Market Analysis by Regions
1.4.1 North America Market States and Outlook (2022-2027)
1.4.2 East Asia Market States and Outlook (2022-2027)
1.4.3 Europe Market States and Outlook (2022-2027)
1.4.4 South Asia Market States and Outlook (2022-2027)
1.4.5 Southeast Asia Market States and Outlook (2022-2027)
1.4.6 Middle East Market States and Outlook (2022-2027)
1.4.7 Africa Market States and Outlook (2022-2027)
1.4.8 Oceania Market States and Outlook (2022-2027)
1.4.9 South America Market States and Outlook (2022-2027)
1.5 Global Power Conversion Market Size Analysis from 2022 to 2027
1.5.1 Global Power Conversion Market Size Analysis from 2022 to 2027 by Consumption Volume
1.5.2 Global Power Conversion Market Size Analysis from 2022 to 2027 by Value
1.5.3 Global Power Conversion Price Trends Analysis from 2022 to 2027
1.6 COVID-19 Outbreak: Power Conversion Industry Impact
Chapter 2 Global Power Conversion Competition by Types, Applications, and Top Regions and Countries
2.1 Global Power Conversion (Volume and Value) by Type
2.1.1 Global Power Conversion Consumption and Market Share by Type (2016-2021)
2.1.2 Global Power Conversion Revenue and Market Share by Type (2016-2021)
2.2 Global Power Conversion (Volume and Value) by Application
2.2.1 Global Power Conversion Consumption and Market Share by Application (2016-2021)
2.2.2 Global Power Conversion Revenue and Market Share by Application (2016-2021)
2.3 Global Power Conversion (Volume and Value) by Regions
2.3.1 Global Power Conversion Consumption and Market Share by Regions (2016-2021)
2.3.2 Global Power Conversion Revenue and Market Share by Regions (2016-2021)
Chapter 3 Production Market Analysis
3.1 Global Production Market Analysis
3.1.1 2016-2021 Global Capacity, Production, Capacity Utilization Rate, Ex-Factory Price, Revenue, Cost, Gross and Gross Margin Analysis
3.1.2 2016-2021 Major Manufacturers Performance and Market Share
3.2 Regional Production Market Analysis
3.2.1 2016-2021 Regional Market Performance and Market Share
3.2.2 North America Market
3.2.3 East Asia Market
3.2.4 Europe Market
3.2.5 South Asia Market
3.2.6 Southeast Asia Market
3.2.7 Middle East Market
3.2.8 Africa Market
3.2.9 Oceania Market
3.2.10 South America Market
3.2.11 Rest of the World Market
Chapter 4 Global Power Conversion Sales, Consumption, Export, Import by Regions (2016-2021)
4.1 Global Power Conversion Consumption by Regions (2016-2021)
4.2 North America Power Conversion Sales, Consumption, Export, Import (2016-2021)
4.3 East Asia Power Conversion Sales, Consumption, Export, Import (2016-2021)
4.4 Europe Power Conversion Sales, Consumption, Export, Import (2016-2021)
4.5 South Asia Power Conversion Sales, Consumption, Export, Import (2016-2021)
4.6 Southeast Asia Power Conversion Sales, Consumption, Export, Import (2016-2021)
4.7 Middle East Power Conversion Sales, Consumption, Export, Import (2016-2021)
4.8 Africa Power Conversion Sales, Consumption, Export, Import (2016-2021)
4.9 Oceania Power Conversion Sales, Consumption, Export, Import (2016-2021)
4.10 South America Power Conversion Sales, Consumption, Export, Import (2016-2021)
Chapter 5 North America Power Conversion Market Analysis
5.1 North America Power Conversion Consumption and Value Analysis
5.1.1 North America Power Conversion Market Under COVID-19
5.2 North America Power Conversion Consumption Volume by Types
5.3 North America Power Conversion Consumption Structure by Application
5.4 North America Power Conversion Consumption by Top Countries
5.4.1 United States Power Conversion Consumption Volume from 2016 to 2021
5.4.2 Canada Power Conversion Consumption Volume from 2016 to 2021
5.4.3 Mexico Power Conversion Consumption Volume from 2016 to 2021
Chapter 6 East Asia Power Conversion Market Analysis
6.1 East Asia Power Conversion Consumption and Value Analysis
6.1.1 East Asia Power Conversion Market Under COVID-19
6.2 East Asia Power Conversion Consumption Volume by Types
6.3 East Asia Power Conversion Consumption Structure by Application
6.4 East Asia Power Conversion Consumption by Top Countries
6.4.1 China Power Conversion Consumption Volume from 2016 to 2021
6.4.2 Japan Power Conversion Consumption Volume from 2016 to 2021
6.4.3 South Korea Power Conversion Consumption Volume from 2016 to 2021
Chapter 7 Europe Power Conversion Market Analysis
7.1 Europe Power Conversion Consumption and Value Analysis
7.1.1 Europe Power Conversion Market Under COVID-19
7.2 Europe Power Conversion Consumption Volume by Types
7.3 Europe Power Conversion Consumption Structure by Application
7.4 Europe Power Conversion Consumption by Top Countries
7.4.1 Germany Power Conversion Consumption Volume from 2016 to 2021
7.4.2 UK Power Conversion Consumption Volume from 2016 to 2021
7.4.3 France Power Conversion Consumption Volume from 2016 to 2021
7.4.4 Italy Power Conversion Consumption Volume from 2016 to 2021
7.4.5 Russia Power Conversion Consumption Volume from 2016 to 2021
7.4.6 Spain Power Conversion Consumption Volume from 2016 to 2021
7.4.7 Netherlands Power Conversion Consumption Volume from 2016 to 2021
7.4.8 Switzerland Power Conversion Consumption Volume from 2016 to 2021
7.4.9 Poland Power Conversion Consumption Volume from 2016 to 2021
Chapter 8 South Asia Power Conversion Market Analysis
8.1 South Asia Power Conversion Consumption and Value Analysis
8.1.1 South Asia Power Conversion Market Under COVID-19
8.2 South Asia Power Conversion Consumption Volume by Types
8.3 South Asia Power Conversion Consumption Structure by Application
8.4 South Asia Power Conversion Consumption by Top Countries
8.4.1 India Power Conversion Consumption Volume from 2016 to 2021
8.4.2 Pakistan Power Conversion Consumption Volume from 2016 to 2021
8.4.3 Bangladesh Power Conversion Consumption Volume from 2016 to 2021
Chapter 9 Southeast Asia Power Conversion Market Analysis
9.1 Southeast Asia Power Conversion Consumption and Value Analysis
9.1.1 Southeast Asia Power Conversion Market Under COVID-19
9.2 Southeast Asia Power Conversion Consumption Volume by Types
9.3 Southeast Asia Power Conversion Consumption Structure by Application
9.4 Southeast Asia Power Conversion Consumption by Top Countries
9.4.1 Indonesia Power Conversion Consumption Volume from 2016 to 2021
9.4.2 Thailand Power Conversion Consumption Volume from 2016 to 2021
9.4.3 Singapore Power Conversion Consumption Volume from 2016 to 2021
9.4.4 Malaysia Power Conversion Consumption Volume from 2016 to 2021
9.4.5 Philippines Power Conversion Consumption Volume from 2016 to 2021
9.4.6 Vietnam Power Conversion Consumption Volume from 2016 to 2021
9.4.7 Myanmar Power Conversion Consumption Volume from 2016 to 2021
Chapter 10 Middle East Power Conversion Market Analysis
10.1 Middle East Power Conversion Consumption and Value Analysis
10.1.1 Middle East Power Conversion Market Under COVID-19
10.2 Middle East Power Conversion Consumption Volume by Types
10.3 Middle East Power Conversion Consumption Structure by Application
10.4 Middle East Power Conversion Consumption by Top Countries
10.4.1 Turkey Power Conversion Consumption Volume from 2016 to 2021
10.4.2 Saudi Arabia Power Conversion Consumption Volume from 2016 to 2021
10.4.3 Iran Power Conversion Consumption Volume from 2016 to 2021
10.4.4 United Arab Emirates Power Conversion Consumption Volume from 2016 to 2021
10.4.5 Israel Power Conversion Consumption Volume from 2016 to 2021
10.4.6 Iraq Power Conversion Consumption Volume from 2016 to 2021
10.4.7 Qatar Power Conversion Consumption Volume from 2016 to 2021
10.4.8 Kuwait Power Conversion Consumption Volume from 2016 to 2021
10.4.9 Oman Power Conversion Consumption Volume from 2016 to 2021
Chapter 11 Africa Power Conversion Market Analysis
11.1 Africa Power Conversion Consumption and Value Analysis
11.1.1 Africa Power Conversion Market Under COVID-19
11.2 Africa Power Conversion Consumption Volume by Types
11.3 Africa Power Conversion Consumption Structure by Application
11.4 Africa Power Conversion Consumption by Top Countries
11.4.1 Nigeria Power Conversion Consumption Volume from 2016 to 2021
11.4.2 South Africa Power Conversion Consumption Volume from 2016 to 2021
11.4.3 Egypt Power Conversion Consumption Volume from 2016 to 2021
11.4.4 Algeria Power Conversion Consumption Volume from 2016 to 2021
11.4.5 Morocco Power Conversion Consumption Volume from 2016 to 2021
Chapter 12 Oceania Power Conversion Market Analysis
12.1 Oceania Power Conversion Consumption and Value Analysis
12.2 Oceania Power Conversion Consumption Volume by Types
12.3 Oceania Power Conversion Consumption Structure by Application
12.4 Oceania Power Conversion Consumption by Top Countries
12.4.1 Australia Power Conversion Consumption Volume from 2016 to 2021
12.4.2 New Zealand Power Conversion Consumption Volume from 2016 to 2021
Chapter 13 South America Power Conversion Market Analysis
13.1 South America Power Conversion Consumption and Value Analysis
13.1.1 South America Power Conversion Market Under COVID-19
13.2 South America Power Conversion Consumption Volume by Types
13.3 South America Power Conversion Consumption Structure by Application
13.4 South America Power Conversion Consumption Volume by Major Countries
13.4.1 Brazil Power Conversion Consumption Volume from 2016 to 2021
13.4.2 Argentina Power Conversion Consumption Volume from 2016 to 2021
13.4.3 Columbia Power Conversion Consumption Volume from 2016 to 2021
13.4.4 Chile Power Conversion Consumption Volume from 2016 to 2021
13.4.5 Venezuela Power Conversion Consumption Volume from 2016 to 2021
13.4.6 Peru Power Conversion Consumption Volume from 2016 to 2021
13.4.7 Puerto Rico Power Conversion Consumption Volume from 2016 to 2021
13.4.8 Ecuador Power Conversion Consumption Volume from 2016 to 2021
Chapter 14 Company Profiles and Key Figures in Power Conversion Business
14.1 ABB
14.1.1 ABB Company Profile
14.1.2 ABB Power Conversion Product Specification
14.1.3 ABB Power Conversion Production Capacity, Revenue, Price and Gross Margin (2016-2021)
14.2 Siemens
14.2.1 Siemens Company Profile
14.2.2 Siemens Power Conversion Product Specification
14.2.3 Siemens Power Conversion Production Capacity, Revenue, Price and Gross Margin (2016-2021)
14.3 SMA
14.3.1 SMA Company Profile
14.3.2 SMA Power Conversion Product Specification
14.3.3 SMA Power Conversion Production Capacity, Revenue, Price and Gross Margin (2016-2021)
14.4 Yaskawa
14.4.1 Yaskawa Company Profile
14.4.2 Yaskawa Power Conversion Product Specification
14.4.3 Yaskawa Power Conversion Production Capacity, Revenue, Price and Gross Margin (2016-2021)
14.5 Huawei
14.5.1 Huawei Company Profile
14.5.2 Huawei Power Conversion Product Specification
14.5.3 Huawei Power Conversion Production Capacity, Revenue, Price and Gross Margin (2016-2021)
14.6 Sungrow
14.6.1 Sungrow Company Profile
14.6.2 Sungrow Power Conversion Product Specification
14.6.3 Sungrow Power Conversion Production Capacity, Revenue, Price and Gross Margin (2016-2021)
14.7 Schneider Electric
14.7.1 Schneider Electric Company Profile
14.7.2 Schneider Electric Power Conversion Product Specification
14.7.3 Schneider Electric Power Conversion Production Capacity, Revenue, Price and Gross Margin (2016-2021)
14.8 Fuji Electric
14.8.1 Fuji Electric Company Profile
14.8.2 Fuji Electric Power Conversion Product Specification
14.8.3 Fuji Electric Power Conversion Production Capacity, Revenue, Price and Gross Margin (2016-2021)
14.9 Solaredge
14.9.1 Solaredge Company Profile
14.9.2 Solaredge Power Conversion Product Specification
14.9.3 Solaredge Power Conversion Production Capacity, Revenue, Price and Gross Margin (2016-2021)
14.10 Inovance Technology
14.10.1 Inovance Technology Company Profile
14.10.2 Inovance Technology Power Conversion Product Specification
14.10.3 Inovance Technology Power Conversion Production Capacity, Revenue, Price and Gross Margin (2016-2021)
14.11 TBEA
14.11.1 TBEA Company Profile
14.11.2 TBEA Power Conversion Product Specification
14.11.3 TBEA Power Conversion Production Capacity, Revenue, Price and Gross Margin (2016-2021)
14.12 TMEIC
14.12.1 TMEIC Company Profile
14.12.2 TMEIC Power Conversion Product Specification
14.12.3 TMEIC Power Conversion Production Capacity, Revenue, Price and Gross Margin (2016-2021)
14.13 Omron
14.13.1 Omron Company Profile
14.13.2 Omron Power Conversion Product Specification
14.13.3 Omron Power Conversion Production Capacity, Revenue, Price and Gross Margin (2016-2021)
14.14 Fronius
14.14.1 Fronius Company Profile
14.14.2 Fronius Power Conversion Product Specification
14.14.3 Fronius Power Conversion Production Capacity, Revenue, Price and Gross Margin (2016-2021)
14.15 Enphase Energy
14.15.1 Enphase Energy Company Profile
14.15.2 Enphase Energy Power Conversion Product Specification
14.15.3 Enphase Energy Power Conversion Production Capacity, Revenue, Price and Gross Margin (2016-2021)
14.16 KACO
14.16.1 KACO Company Profile
14.16.2 KACO Power Conversion Product Specification
14.16.3 KACO Power Conversion Production Capacity, Revenue, Price and Gross Margin (2016-2021)
14.17 Ingeteam
14.17.1 Ingeteam Company Profile
14.17.2 Ingeteam Power Conversion Product Specification
14.17.3 Ingeteam Power Conversion Production Capacity, Revenue, Price and Gross Margin (2016-2021)
14.18 Kostal
14.18.1 Kostal Company Profile
14.18.2 Kostal Power Conversion Product Specification
14.18.3 Kostal Power Conversion Production Capacity, Revenue, Price and Gross Margin (2016-2021)
14.19 Bestek
14.19.1 Bestek Company Profile
14.19.2 Bestek Power Conversion Product Specification
14.19.3 Bestek Power Conversion Production Capacity, Revenue, Price and Gross Margin (2016-2021)
14.20 NFA
14.20.1 NFA Company Profile
14.20.2 NFA Power Conversion Product Specification
14.20.3 NFA Power Conversion Production Capacity, Revenue, Price and Gross Margin (2016-2021)
Chapter 15 Global Power Conversion Market Forecast (2022-2027)
15.1 Global Power Conversion Consumption Volume, Revenue and Price Forecast (2022-2027)
15.1.1 Global Power Conversion Consumption Volume and Growth Rate Forecast (2022-2027)
15.1.2 Global Power Conversion Value and Growth Rate Forecast (2022-2027)
15.2 Global Power Conversion Consumption Volume, Value and Growth Rate Forecast by Region (2022-2027)
15.2.1 Global Power Conversion Consumption Volume and Growth Rate Forecast by Regions (2022-2027)
15.2.2 Global Power Conversion Value and Growth Rate Forecast by Regions (2022-2027)
15.2.3 North America Power Conversion Consumption Volume, Revenue and Growth Rate Forecast (2022-2027)
15.2.4 East Asia Power Conversion Consumption Volume, Revenue and Growth Rate Forecast (2022-2027)
15.2.5 Europe Power Conversion Consumption Volume, Revenue and Growth Rate Forecast (2022-2027)
15.2.6 South Asia Power Conversion Consumption Volume, Revenue and Growth Rate Forecast (2022-2027)
15.2.7 Southeast Asia Power Conversion Consumption Volume, Revenue and Growth Rate Forecast (2022-2027)
15.2.8 Middle East Power Conversion Consumption Volume, Revenue and Growth Rate Forecast (2022-2027)
15.2.9 Africa Power Conversion Consumption Volume, Revenue and Growth Rate Forecast (2022-2027)
15.2.10 Oceania Power Conversion Consumption Volume, Revenue and Growth Rate Forecast (2022-2027)
15.2.11 South America Power Conversion Consumption Volume, Revenue and Growth Rate Forecast (2022-2027)
15.3 Global Power Conversion Consumption Volume, Revenue and Price Forecast by Type (2022-2027)
15.3.1 Global Power Conversion Consumption Forecast by Type (2022-2027)
15.3.2 Global Power Conversion Revenue Forecast by Type (2022-2027)
15.3.3 Global Power Conversion Price Forecast by Type (2022-2027)
15.4 Global Power Conversion Consumption Volume Forecast by Application (2022-2027)
15.5 Power Conversion Market Forecast Under COVID-19
Chapter 16 Conclusions
Research Methodology
Methodology/Research Approach
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.Research Programs/Design
Historical Data (2015-2019) |
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Influencing Factors |
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Market Forecast (2021-2026) |
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Market Size Estimation
Top-down and bottom-up approaches are used to validate the global Voluntary Carbon Offset market size market and estimate the market size for Company, regions segments, product segments and Application (end users).
The market estimations in this report are based on the marketed sale price of Voluntary Carbon Offset (excluding any discounts provided by the player, distributor, wholesaler or traders). The percentage splits, market share, and breakdowns of the product segments are derived on the basis of weights assigned to each of the segments on the basis of their utilization rate and average sale price. The regional splits of the overall Voluntary Carbon Offset market and its sub-segments are based on the percentage adoption or utilization of the given product in the respective region or country.
Major Company in the market is identified through secondary research and their market revenues determined through primary and secondary research. Secondary research included the research of the annual and financial reports of the top Company; whereas, primary research included extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, directors, CEOs and marketing executives. The percentage splits, market share, Growth Rate and breakdowns of the product markets are determined through using secondary sources and verified through the primary sources.
All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or other factors are not accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Market Intellix and presented in this report
The following figure shows an illustrative representation of the overall market size estimation process used for this study.
Market Breakdown and Data Triangulation
After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation, extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report. Extensive qualitative and further quantitative analysis is also done from all the numbers arrived at in the complete market engineering process to list key information throughout the report.
Data Source
Secondary Sources
Secondary sources include such as press releases, annual reports, non-profit organizations, industry associations, governmental agencies and customs data, etc. This research study involves the usage of widespread secondary sources, directories, databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), and TRADING ECONOMICS, and News Network, statista, Federal Reserve Economic Data, annual reports, BIS Statistics, ICIS; company house documents; CAS(American Chemical Society); investor presentations; and SEC filings of companies. Secondary research was used to identify and collect information useful for the extensive, technical, market-oriented, and Hospitals study of the Voluntary Carbon Offset market. It was also used to obtain important information about the top companies, market classification and segmentation according to industry trends to the bottom-most level, and key developments related to market and technology perspectives.
Market Size |
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Market Position of Top Company |
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Qualitative Analysis |
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Primary Sources
In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product Company (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.
The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end use (product buyers), and related key executives from various key companies and organizations operating in the global market.
Primary research was conducted to identify segmentation Type, product price range, product Application, key Company, raw materials supply and the downstream demand, industry status and outlook, and key market dynamics such as risks, influence factors, opportunities, market barriers, industry trends, and key player strategies.
Key Executives Interviewed
Key Data Information from Primary Sources
Primary Sources | Parameters | Key Data |
Market Segments(by Application, by Type) |
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Total Market |
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