The global Microgrid Power Conversion System market size was valued at US$ million in 2024 and is forecast to a readjusted size of USD million by 2031 with a CAGR of %during review period.
Energy storage converter electrochemical energy storage system, connected between the battery system and the grid (and/or load) to achieve bi-directional conversion of electrical energy, can control the charging and discharging process of the battery, AC and DC conversion, in the absence of the grid can be directly for AC load power supply.
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 116%.
This report is a detailed and comprehensive analysis for global Microgrid Power Conversion System market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.
Key Features:
Global Microgrid Power Conversion System market size and forecasts, in consumption value ($ Million), sales quantity (Units), and average selling prices (US$/Unit), 2020-2031
Global Microgrid Power Conversion System market size and forecasts by region and country, in consumption value ($ Million), sales quantity (Units), and average selling prices (US$/Unit), 2020-2031
Global Microgrid Power Conversion System market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (Units), and average selling prices (US$/Unit), 2020-2031
Global Microgrid Power Conversion System market shares of main players, shipments in revenue ($ Million), sales quantity (Units), and ASP (US$/Unit), 2020-2025
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for Microgrid Power Conversion System
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
This report profiles key players in the global Microgrid Power Conversion System market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Acrel, Nidec, NR, Parker, HNAC, Shenzhen Shenghong Electric, Guangyi Technology, Kehua Data, Sunshine Power, Beijing Soying Electric Technology, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Market Segmentation
Microgrid Power Conversion System market is split by Type and by Application. For the period 2020-2031, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
Market segment by Type
AC Energy Storage Converter
DC Energy Storage Converter
Market segment by Application
Campus and Public Institutions
Industrial and Commercial Areas
Military & Silos
Community
Major players covered
Acrel
Nidec
NR
Parker
HNAC
Shenzhen Shenghong Electric
Guangyi Technology
Kehua Data
Sunshine Power
Beijing Soying Electric Technology
Shangneng Electric
Nanjing Nanrui Relay Electric
Market segment by region, regional analysis covers
North America (United States, Canada, and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Microgrid Power Conversion System product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Microgrid Power Conversion System, with price, sales quantity, revenue, and global market share of Microgrid Power Conversion System from 2020 to 2025.
Chapter 3, the Microgrid Power Conversion System competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Microgrid Power Conversion System breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2020 to 2031.
Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2020 to 2031.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2020 to 2025.and Microgrid Power Conversion System market forecast, by regions, by Type, and by Application, with sales and revenue, from 2026 to 2031.
Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.
Chapter 13, the key raw materials and key suppliers, and industry chain of Microgrid Power Conversion System.
Chapter 14 and 15, to describe Microgrid Power Conversion System sales channel, distributors, customers, research findings and conclusion.
Please Note - This is an on demand report and will be delivered in 2 business days (48 Hours) post payment.
1 Market Overview
1.1 Product Overview and Scope
1.2 Market Estimation Caveats and Base Year
1.3 Market Analysis by Type
1.3.1 Overview: Global Microgrid Power Conversion System Consumption Value by Type: 2020 Versus 2024 Versus 2031
1.3.2 AC Energy Storage Converter
1.3.3 DC Energy Storage Converter
1.4 Market Analysis by Application
1.4.1 Overview: Global Microgrid Power Conversion System Consumption Value by Application: 2020 Versus 2024 Versus 2031
1.4.2 Campus and Public Institutions
1.4.3 Industrial and Commercial Areas
1.4.4 Military & Silos
1.4.5 Community
1.5 Global Microgrid Power Conversion System Market Size & Forecast
1.5.1 Global Microgrid Power Conversion System Consumption Value (2020 & 2024 & 2031)
1.5.2 Global Microgrid Power Conversion System Sales Quantity (2020-2031)
1.5.3 Global Microgrid Power Conversion System Average Price (2020-2031)
2 Manufacturers Profiles
2.1 Acrel
2.1.1 Acrel Details
2.1.2 Acrel Major Business
2.1.3 Acrel Microgrid Power Conversion System Product and Services
2.1.4 Acrel Microgrid Power Conversion System Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
2.1.5 Acrel Recent Developments/Updates
2.2 Nidec
2.2.1 Nidec Details
2.2.2 Nidec Major Business
2.2.3 Nidec Microgrid Power Conversion System Product and Services
2.2.4 Nidec Microgrid Power Conversion System Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
2.2.5 Nidec Recent Developments/Updates
2.3 NR
2.3.1 NR Details
2.3.2 NR Major Business
2.3.3 NR Microgrid Power Conversion System Product and Services
2.3.4 NR Microgrid Power Conversion System Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
2.3.5 NR Recent Developments/Updates
2.4 Parker
2.4.1 Parker Details
2.4.2 Parker Major Business
2.4.3 Parker Microgrid Power Conversion System Product and Services
2.4.4 Parker Microgrid Power Conversion System Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
2.4.5 Parker Recent Developments/Updates
2.5 HNAC
2.5.1 HNAC Details
2.5.2 HNAC Major Business
2.5.3 HNAC Microgrid Power Conversion System Product and Services
2.5.4 HNAC Microgrid Power Conversion System Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
2.5.5 HNAC Recent Developments/Updates
2.6 Shenzhen Shenghong Electric
2.6.1 Shenzhen Shenghong Electric Details
2.6.2 Shenzhen Shenghong Electric Major Business
2.6.3 Shenzhen Shenghong Electric Microgrid Power Conversion System Product and Services
2.6.4 Shenzhen Shenghong Electric Microgrid Power Conversion System Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
2.6.5 Shenzhen Shenghong Electric Recent Developments/Updates
2.7 Guangyi Technology
2.7.1 Guangyi Technology Details
2.7.2 Guangyi Technology Major Business
2.7.3 Guangyi Technology Microgrid Power Conversion System Product and Services
2.7.4 Guangyi Technology Microgrid Power Conversion System Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
2.7.5 Guangyi Technology Recent Developments/Updates
2.8 Kehua Data
2.8.1 Kehua Data Details
2.8.2 Kehua Data Major Business
2.8.3 Kehua Data Microgrid Power Conversion System Product and Services
2.8.4 Kehua Data Microgrid Power Conversion System Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
2.8.5 Kehua Data Recent Developments/Updates
2.9 Sunshine Power
2.9.1 Sunshine Power Details
2.9.2 Sunshine Power Major Business
2.9.3 Sunshine Power Microgrid Power Conversion System Product and Services
2.9.4 Sunshine Power Microgrid Power Conversion System Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
2.9.5 Sunshine Power Recent Developments/Updates
2.10 Beijing Soying Electric Technology
2.10.1 Beijing Soying Electric Technology Details
2.10.2 Beijing Soying Electric Technology Major Business
2.10.3 Beijing Soying Electric Technology Microgrid Power Conversion System Product and Services
2.10.4 Beijing Soying Electric Technology Microgrid Power Conversion System Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
2.10.5 Beijing Soying Electric Technology Recent Developments/Updates
2.11 Shangneng Electric
2.11.1 Shangneng Electric Details
2.11.2 Shangneng Electric Major Business
2.11.3 Shangneng Electric Microgrid Power Conversion System Product and Services
2.11.4 Shangneng Electric Microgrid Power Conversion System Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
2.11.5 Shangneng Electric Recent Developments/Updates
2.12 Nanjing Nanrui Relay Electric
2.12.1 Nanjing Nanrui Relay Electric Details
2.12.2 Nanjing Nanrui Relay Electric Major Business
2.12.3 Nanjing Nanrui Relay Electric Microgrid Power Conversion System Product and Services
2.12.4 Nanjing Nanrui Relay Electric Microgrid Power Conversion System Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
2.12.5 Nanjing Nanrui Relay Electric Recent Developments/Updates
3 Competitive Environment: Microgrid Power Conversion System by Manufacturer
3.1 Global Microgrid Power Conversion System Sales Quantity by Manufacturer (2020-2025)
3.2 Global Microgrid Power Conversion System Revenue by Manufacturer (2020-2025)
3.3 Global Microgrid Power Conversion System Average Price by Manufacturer (2020-2025)
3.4 Market Share Analysis (2024)
3.4.1 Producer Shipments of Microgrid Power Conversion System by Manufacturer Revenue ($MM) and Market Share (%): 2024
3.4.2 Top 3 Microgrid Power Conversion System Manufacturer Market Share in 2024
3.4.3 Top 6 Microgrid Power Conversion System Manufacturer Market Share in 2024
3.5 Microgrid Power Conversion System Market: Overall Company Footprint Analysis
3.5.1 Microgrid Power Conversion System Market: Region Footprint
3.5.2 Microgrid Power Conversion System Market: Company Product Type Footprint
3.5.3 Microgrid Power Conversion System Market: Company Product Application Footprint
3.6 New Market Entrants and Barriers to Market Entry
3.7 Mergers, Acquisition, Agreements, and Collaborations
4 Consumption Analysis by Region
4.1 Global Microgrid Power Conversion System Market Size by Region
4.1.1 Global Microgrid Power Conversion System Sales Quantity by Region (2020-2031)
4.1.2 Global Microgrid Power Conversion System Consumption Value by Region (2020-2031)
4.1.3 Global Microgrid Power Conversion System Average Price by Region (2020-2031)
4.2 North America Microgrid Power Conversion System Consumption Value (2020-2031)
4.3 Europe Microgrid Power Conversion System Consumption Value (2020-2031)
4.4 Asia-Pacific Microgrid Power Conversion System Consumption Value (2020-2031)
4.5 South America Microgrid Power Conversion System Consumption Value (2020-2031)
4.6 Middle East & Africa Microgrid Power Conversion System Consumption Value (2020-2031)
5 Market Segment by Type
5.1 Global Microgrid Power Conversion System Sales Quantity by Type (2020-2031)
5.2 Global Microgrid Power Conversion System Consumption Value by Type (2020-2031)
5.3 Global Microgrid Power Conversion System Average Price by Type (2020-2031)
6 Market Segment by Application
6.1 Global Microgrid Power Conversion System Sales Quantity by Application (2020-2031)
6.2 Global Microgrid Power Conversion System Consumption Value by Application (2020-2031)
6.3 Global Microgrid Power Conversion System Average Price by Application (2020-2031)
7 North America
7.1 North America Microgrid Power Conversion System Sales Quantity by Type (2020-2031)
7.2 North America Microgrid Power Conversion System Sales Quantity by Application (2020-2031)
7.3 North America Microgrid Power Conversion System Market Size by Country
7.3.1 North America Microgrid Power Conversion System Sales Quantity by Country (2020-2031)
7.3.2 North America Microgrid Power Conversion System Consumption Value by Country (2020-2031)
7.3.3 United States Market Size and Forecast (2020-2031)
7.3.4 Canada Market Size and Forecast (2020-2031)
7.3.5 Mexico Market Size and Forecast (2020-2031)
8 Europe
8.1 Europe Microgrid Power Conversion System Sales Quantity by Type (2020-2031)
8.2 Europe Microgrid Power Conversion System Sales Quantity by Application (2020-2031)
8.3 Europe Microgrid Power Conversion System Market Size by Country
8.3.1 Europe Microgrid Power Conversion System Sales Quantity by Country (2020-2031)
8.3.2 Europe Microgrid Power Conversion System Consumption Value by Country (2020-2031)
8.3.3 Germany Market Size and Forecast (2020-2031)
8.3.4 France Market Size and Forecast (2020-2031)
8.3.5 United Kingdom Market Size and Forecast (2020-2031)
8.3.6 Russia Market Size and Forecast (2020-2031)
8.3.7 Italy Market Size and Forecast (2020-2031)
9 Asia-Pacific
9.1 Asia-Pacific Microgrid Power Conversion System Sales Quantity by Type (2020-2031)
9.2 Asia-Pacific Microgrid Power Conversion System Sales Quantity by Application (2020-2031)
9.3 Asia-Pacific Microgrid Power Conversion System Market Size by Region
9.3.1 Asia-Pacific Microgrid Power Conversion System Sales Quantity by Region (2020-2031)
9.3.2 Asia-Pacific Microgrid Power Conversion System Consumption Value by Region (2020-2031)
9.3.3 China Market Size and Forecast (2020-2031)
9.3.4 Japan Market Size and Forecast (2020-2031)
9.3.5 South Korea Market Size and Forecast (2020-2031)
9.3.6 India Market Size and Forecast (2020-2031)
9.3.7 Southeast Asia Market Size and Forecast (2020-2031)
9.3.8 Australia Market Size and Forecast (2020-2031)
10 South America
10.1 South America Microgrid Power Conversion System Sales Quantity by Type (2020-2031)
10.2 South America Microgrid Power Conversion System Sales Quantity by Application (2020-2031)
10.3 South America Microgrid Power Conversion System Market Size by Country
10.3.1 South America Microgrid Power Conversion System Sales Quantity by Country (2020-2031)
10.3.2 South America Microgrid Power Conversion System Consumption Value by Country (2020-2031)
10.3.3 Brazil Market Size and Forecast (2020-2031)
10.3.4 Argentina Market Size and Forecast (2020-2031)
11 Middle East & Africa
11.1 Middle East & Africa Microgrid Power Conversion System Sales Quantity by Type (2020-2031)
11.2 Middle East & Africa Microgrid Power Conversion System Sales Quantity by Application (2020-2031)
11.3 Middle East & Africa Microgrid Power Conversion System Market Size by Country
11.3.1 Middle East & Africa Microgrid Power Conversion System Sales Quantity by Country (2020-2031)
11.3.2 Middle East & Africa Microgrid Power Conversion System Consumption Value by Country (2020-2031)
11.3.3 Turkey Market Size and Forecast (2020-2031)
11.3.4 Egypt Market Size and Forecast (2020-2031)
11.3.5 Saudi Arabia Market Size and Forecast (2020-2031)
11.3.6 South Africa Market Size and Forecast (2020-2031)
12 Market Dynamics
12.1 Microgrid Power Conversion System Market Drivers
12.2 Microgrid Power Conversion System Market Restraints
12.3 Microgrid Power Conversion System Trends Analysis
12.4 Porters Five Forces Analysis
12.4.1 Threat of New Entrants
12.4.2 Bargaining Power of Suppliers
12.4.3 Bargaining Power of Buyers
12.4.4 Threat of Substitutes
12.4.5 Competitive Rivalry
13 Raw Material and Industry Chain
13.1 Raw Material of Microgrid Power Conversion System and Key Manufacturers
13.2 Manufacturing Costs Percentage of Microgrid Power Conversion System
13.3 Microgrid Power Conversion System Production Process
13.4 Industry Value Chain Analysis
14 Shipments by Distribution Channel
14.1 Sales Channel
14.1.1 Direct to End-User
14.1.2 Distributors
14.2 Microgrid Power Conversion System Typical Distributors
14.3 Microgrid Power Conversion System Typical Customers
15 Research Findings and Conclusion
16 Appendix
16.1 Methodology
16.2 Research Process and Data Source
16.3 Disclaimer
Acrel
Nidec
NR
Parker
HNAC
Shenzhen Shenghong Electric
Guangyi Technology
Kehua Data
Sunshine Power
Beijing Soying Electric Technology
Shangneng Electric
Nanjing Nanrui Relay Electric
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*If Applicable.
