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Home > Global VSC Converters Market Growth (Status and Outlook) 2024-2030

Global VSC Converters Market Growth (Status and Outlook) 2024-2030

Publication ID: 
LPI09245075
Publication Date: 
September 27, 2024
Pages: 
101
Publisher: 
LPI
Countries: 
Global [1]
USD 3,660.00

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Energy Trading & Marketing [2]
Electricity [3]
Energy & Utilities [4]
Description: 

VSC Converters are the core equipment for converting between the city's AC distribution network and the flexible direct current distribution network. VSC-HVDC makes up for the natural defect of phase-change failure in conventional DC transmission technology, which may cause power transmission interruption and thus system fluctuation. It has many advantages such as phase-change without grid support, flexible power four-quadrant control, space saving without reactive compensation devices, and low harmonic emissions in multi-level topology. It has great application potential in the fields of large-scale renewable energy grid connection, offshore wind power grid connection, island power supply, urban power supply, asynchronous grid networking, long-distance power transmission, and multi-terminal DC transmission network. It is one of the key technologies for building a new power system with new energy as the main body.
The global VSC Converters market size is projected to grow from US$ 2093 million in 2024 to US$ 2901 million in 2030; it is expected to grow at a CAGR of 5.6% from 2024 to 2030.
The 鈥淰SC Converters Industry Forecast鈥� looks at past sales and reviews total world VSC Converters sales in 2022, providing a comprehensive analysis by region and market sector of projected VSC Converters sales for 2023 through 2029. With VSC Converters sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world VSC Converters industry.
This Insight Report provides a comprehensive analysis of the global VSC Converters landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyses the strategies of leading global companies with a focus on VSC Converters portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms鈥� unique position in an accelerating global VSC Converters market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for VSC Converters and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global VSC Converters.
United States market for VSC Converters is estimated to increase from US$ million in 2023 to US$ million by 2030, at a CAGR of % from 2024 through 2030.
China market for VSC Converters is estimated to increase from US$ million in 2023 to US$ million by 2030, at a CAGR of % from 2024 through 2030.
Europe market for VSC Converters is estimated to increase from US$ million in 2023 to US$ million by 2030, at a CAGR of % from 2024 through 2030.
Global key VSC Converters players cover Siemens Energy, Hitachi Energy, GE Vernova, NARI Technology, Toshiba, etc. In terms of revenue, the global two largest companies occupied for a share nearly % in 2023.
This report presents a comprehensive overview, market shares, and growth opportunities of VSC Converters market by product type, application, key players and key regions and countries.
Segmentation by Type:
IGBT Module
IGCT Module
Segmentation by Application:
HVDC
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
Segmentation by Type:
IGBT Module
IGCT Module
Segmentation by Application:
HVDC
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Siemens Energy
Hitachi Energy
GE Vernova
NARI Technology
Toshiba
Rongxin Huiko Electric
XJ Electric
Hyosung Heavy Industries
XD Electric
TBEA
Sifang Automation
Mitsubishi Electric

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Table Of Contents: 

1 Scope of the Report
1.1 Market Introduction
1.2 Years Considered
1.3 Research Objectives
1.4 Market Research Methodology
1.5 Research Process and Data Source
1.6 Economic Indicators
1.7 Currency Considered
1.8 Market Estimation Caveats
2 Executive Summary
2.1 World Market Overview
2.1.1 Global VSC Converters Market Size 2019-2030
2.1.2 VSC Converters Market Size CAGR by Region (2019 VS 2023 VS 2030)
2.1.3 World Current & Future Analysis for VSC Converters by Country/Region, 2019, 2023 & 2030
2.2 VSC Converters Segment by Type
2.2.1 IGBT Module
2.2.2 IGCT Module
2.3 VSC Converters Market Size by Type
2.3.1 VSC Converters Market Size CAGR by Type (2019 VS 2023 VS 2030)
2.3.2 Global VSC Converters Market Size Market Share by Type (2019-2024)
2.4 VSC Converters Segment by Application
2.4.1 HVDC
2.4.2 Others
2.5 VSC Converters Market Size by Application
2.5.1 VSC Converters Market Size CAGR by Application (2019 VS 2023 VS 2030)
2.5.2 Global VSC Converters Market Size Market Share by Application (2019-2024)
3 VSC Converters Market Size by Player
3.1 VSC Converters Market Size Market Share by Player
3.1.1 Global VSC Converters Revenue by Player (2019-2024)
3.1.2 Global VSC Converters Revenue Market Share by Player (2019-2024)
3.2 Global VSC Converters Key Players Head office and Products Offered
3.3 Market Concentration Rate Analysis
3.3.1 Competition Landscape Analysis
3.3.2 Concentration Ratio (CR3, CR5 and CR10) & (2022-2024)
3.4 New Products and Potential Entrants
3.5 Mergers & Acquisitions, Expansion
4 VSC Converters by Region
4.1 VSC Converters Market Size by Region (2019-2024)
4.2 Global VSC Converters Annual Revenue by Country/Region (2019-2024)
4.3 Americas VSC Converters Market Size Growth (2019-2024)
4.4 APAC VSC Converters Market Size Growth (2019-2024)
4.5 Europe VSC Converters Market Size Growth (2019-2024)
4.6 Middle East & Africa VSC Converters Market Size Growth (2019-2024)
5 Americas
5.1 Americas VSC Converters Market Size by Country (2019-2024)
5.2 Americas VSC Converters Market Size by Type (2019-2024)
5.3 Americas VSC Converters Market Size by Application (2019-2024)
5.4 United States
5.5 Canada
5.6 Mexico
5.7 Brazil
6 APAC
6.1 APAC VSC Converters Market Size by Region (2019-2024)
6.2 APAC VSC Converters Market Size by Type (2019-2024)
6.3 APAC VSC Converters Market Size by Application (2019-2024)
6.4 China
6.5 Japan
6.6 South Korea
6.7 Southeast Asia
6.8 India
6.9 Australia
7 Europe
7.1 Europe VSC Converters Market Size by Country (2019-2024)
7.2 Europe VSC Converters Market Size by Type (2019-2024)
7.3 Europe VSC Converters Market Size by Application (2019-2024)
7.4 Germany
7.5 France
7.6 UK
7.7 Italy
7.8 Russia
8 Middle East & Africa
8.1 Middle East & Africa VSC Converters by Region (2019-2024)
8.2 Middle East & Africa VSC Converters Market Size by Type (2019-2024)
8.3 Middle East & Africa VSC Converters Market Size by Application (2019-2024)
8.4 Egypt
8.5 South Africa
8.6 Israel
8.7 Turkey
8.8 GCC Countries
9 Market Drivers, Challenges and Trends
9.1 Market Drivers & Growth Opportunities
9.2 Market Challenges & Risks
9.3 Industry Trends
10 Global VSC Converters Market Forecast
10.1 Global VSC Converters Forecast by Region (2025-2030)
10.1.1 Global VSC Converters Forecast by Region (2025-2030)
10.1.2 Americas VSC Converters Forecast
10.1.3 APAC VSC Converters Forecast
10.1.4 Europe VSC Converters Forecast
10.1.5 Middle East & Africa VSC Converters Forecast
10.2 Americas VSC Converters Forecast by Country (2025-2030)
10.2.1 United States Market VSC Converters Forecast
10.2.2 Canada Market VSC Converters Forecast
10.2.3 Mexico Market VSC Converters Forecast
10.2.4 Brazil Market VSC Converters Forecast
10.3 APAC VSC Converters Forecast by Region (2025-2030)
10.3.1 China VSC Converters Market Forecast
10.3.2 Japan Market VSC Converters Forecast
10.3.3 Korea Market VSC Converters Forecast
10.3.4 Southeast Asia Market VSC Converters Forecast
10.3.5 India Market VSC Converters Forecast
10.3.6 Australia Market VSC Converters Forecast
10.4 Europe VSC Converters Forecast by Country (2025-2030)
10.4.1 Germany Market VSC Converters Forecast
10.4.2 France Market VSC Converters Forecast
10.4.3 UK Market VSC Converters Forecast
10.4.4 Italy Market VSC Converters Forecast
10.4.5 Russia Market VSC Converters Forecast
10.5 Middle East & Africa VSC Converters Forecast by Region (2025-2030)
10.5.1 Egypt Market VSC Converters Forecast
10.5.2 South Africa Market VSC Converters Forecast
10.5.3 Israel Market VSC Converters Forecast
10.5.4 Turkey Market VSC Converters Forecast
10.6 Global VSC Converters Forecast by Type (2025-2030)
10.7 Global VSC Converters Forecast by Application (2025-2030)
10.7.1 GCC Countries Market VSC Converters Forecast
11 Key Players Analysis
11.1 Siemens Energy
11.1.1 Siemens Energy Company Information
11.1.2 Siemens Energy VSC Converters Product Offered
11.1.3 Siemens Energy VSC Converters Revenue, Gross Margin and Market Share (2019-2024)
11.1.4 Siemens Energy Main Business Overview
11.1.5 Siemens Energy Latest Developments
11.2 Hitachi Energy
11.2.1 Hitachi Energy Company Information
11.2.2 Hitachi Energy VSC Converters Product Offered
11.2.3 Hitachi Energy VSC Converters Revenue, Gross Margin and Market Share (2019-2024)
11.2.4 Hitachi Energy Main Business Overview
11.2.5 Hitachi Energy Latest Developments
11.3 GE Vernova
11.3.1 GE Vernova Company Information
11.3.2 GE Vernova VSC Converters Product Offered
11.3.3 GE Vernova VSC Converters Revenue, Gross Margin and Market Share (2019-2024)
11.3.4 GE Vernova Main Business Overview
11.3.5 GE Vernova Latest Developments
11.4 NARI Technology
11.4.1 NARI Technology Company Information
11.4.2 NARI Technology VSC Converters Product Offered
11.4.3 NARI Technology VSC Converters Revenue, Gross Margin and Market Share (2019-2024)
11.4.4 NARI Technology Main Business Overview
11.4.5 NARI Technology Latest Developments
11.5 Toshiba
11.5.1 Toshiba Company Information
11.5.2 Toshiba VSC Converters Product Offered
11.5.3 Toshiba VSC Converters Revenue, Gross Margin and Market Share (2019-2024)
11.5.4 Toshiba Main Business Overview
11.5.5 Toshiba Latest Developments
11.6 Rongxin Huiko Electric
11.6.1 Rongxin Huiko Electric Company Information
11.6.2 Rongxin Huiko Electric VSC Converters Product Offered
11.6.3 Rongxin Huiko Electric VSC Converters Revenue, Gross Margin and Market Share (2019-2024)
11.6.4 Rongxin Huiko Electric Main Business Overview
11.6.5 Rongxin Huiko Electric Latest Developments
11.7 XJ Electric
11.7.1 XJ Electric Company Information
11.7.2 XJ Electric VSC Converters Product Offered
11.7.3 XJ Electric VSC Converters Revenue, Gross Margin and Market Share (2019-2024)
11.7.4 XJ Electric Main Business Overview
11.7.5 XJ Electric Latest Developments
11.8 Hyosung Heavy Industries
11.8.1 Hyosung Heavy Industries Company Information
11.8.2 Hyosung Heavy Industries VSC Converters Product Offered
11.8.3 Hyosung Heavy Industries VSC Converters Revenue, Gross Margin and Market Share (2019-2024)
11.8.4 Hyosung Heavy Industries Main Business Overview
11.8.5 Hyosung Heavy Industries Latest Developments
11.9 XD Electric
11.9.1 XD Electric Company Information
11.9.2 XD Electric VSC Converters Product Offered
11.9.3 XD Electric VSC Converters Revenue, Gross Margin and Market Share (2019-2024)
11.9.4 XD Electric Main Business Overview
11.9.5 XD Electric Latest Developments
11.10 TBEA
11.10.1 TBEA Company Information
11.10.2 TBEA VSC Converters Product Offered
11.10.3 TBEA VSC Converters Revenue, Gross Margin and Market Share (2019-2024)
11.10.4 TBEA Main Business Overview
11.10.5 TBEA Latest Developments
11.11 Sifang Automation
11.11.1 Sifang Automation Company Information
11.11.2 Sifang Automation VSC Converters Product Offered
11.11.3 Sifang Automation VSC Converters Revenue, Gross Margin and Market Share (2019-2024)
11.11.4 Sifang Automation Main Business Overview
11.11.5 Sifang Automation Latest Developments
11.12 Mitsubishi Electric
11.12.1 Mitsubishi Electric Company Information
11.12.2 Mitsubishi Electric VSC Converters Product Offered
11.12.3 Mitsubishi Electric VSC Converters Revenue, Gross Margin and Market Share (2019-2024)
11.12.4 Mitsubishi Electric Main Business Overview
11.12.5 Mitsubishi Electric Latest Developments
12 Research Findings and Conclusion

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