Global Wind Power Converter System Market Growth 2025-2031

Publication ID:

LPI02254451

Publication Date:

February 27, 2025

Pages:

Publisher:

LPI

Countries:

Global [1]

USD 3,660.00

Energy Trading & Marketing [2]

Electricity [3]

Energy & Utilities [4]

Description:

The global Wind Power Converter System market size is predicted to grow from US$ 405 million in 2025 to US$ 620 million in 2031; it is expected to grow at a CAGR of 7.4% from 2025 to 2031.
According to the Global Wind Report 2023 released by the Global Wind Energy Council, by 2024, the newly installed capacity of global onshore wind power will exceed 100GW for the first time; by 2025, the newly installed capacity of global offshore wind power will also reach 25GW. In the next five years, the newly added grid-connected capacity of wind power will reach 680GW. The report also shows that the United States and Europe may experience a supply bottleneck of wind turbines and components in 2025. It recommends that national policymakers take immediate action to increase investment in supply chains to meet their rapid growth in demand and avoid supply chain bottlenecks hindering the development of wind power. In addition, according to Wood Mackenzie statistics, China is the largest and fastest-growing market for wind power generation in the world, accounting for more than half of the market share. Data from the National Energy Administration of China also shows that China"s installed wind power capacity ranks first in the world, with a capacity of nearly 400 million kilowatts.
The 鈥淲ind Power Converter System Industry Forecast鈥� looks at past sales and reviews total world Wind Power Converter System sales in 2024, providing a comprehensive analysis by region and market sector of projected Wind Power Converter System sales for 2025 through 2031. With Wind Power Converter System sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Wind Power Converter System industry.
This Insight Report provides a comprehensive analysis of the global Wind Power Converter System landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Wind Power Converter System portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms鈥� unique position in an accelerating global Wind Power Converter System market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Wind Power Converter System 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 Wind Power Converter System.
This report presents a comprehensive overview, market shares, and growth opportunities of Wind Power Converter System market by product type, application, key manufacturers and key regions and countries.
Segmentation by Type:
Doubly-Fed
Full Power
Segmentation by Application:
Offshore Wind Power
Onshore Wind Power
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 analysing the company's coverage, product portfolio, its market penetration.
ABB
AMSC
Siemens
Emerson
Vacon
Schneider
GE Power
Switch
Woodward
Ingeteam
Key Questions Addressed in this Report
What is the 10-year outlook for the global Wind Power Converter System market?
What factors are driving Wind Power Converter System market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Wind Power Converter System market opportunities vary by end market size?
How does Wind Power Converter System break out by Type, by Application?

Please Note - This is an on demand report and will be delivered in 2 business days (48 hours) post payment.

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 Wind Power Converter System Annual Sales 2020-2031
2.1.2 World Current & Future Analysis for Wind Power Converter System by Geographic Region, 2020, 2024 & 2031
2.1.3 World Current & Future Analysis for Wind Power Converter System by Country/Region, 2020, 2024 & 2031
2.2 Wind Power Converter System Segment by Type
2.2.1 Doubly-Fed
2.2.2 Full Power
2.3 Wind Power Converter System Sales by Type
2.3.1 Global Wind Power Converter System Sales Market Share by Type (2020-2025)
2.3.2 Global Wind Power Converter System Revenue and Market Share by Type (2020-2025)
2.3.3 Global Wind Power Converter System Sale Price by Type (2020-2025)
2.4 Wind Power Converter System Segment by Application
2.4.1 Offshore Wind Power
2.4.2 Onshore Wind Power
2.5 Wind Power Converter System Sales by Application
2.5.1 Global Wind Power Converter System Sale Market Share by Application (2020-2025)
2.5.2 Global Wind Power Converter System Revenue and Market Share by Application (2020-2025)
2.5.3 Global Wind Power Converter System Sale Price by Application (2020-2025)
3 Global by Company
3.1 Global Wind Power Converter System Breakdown Data by Company
3.1.1 Global Wind Power Converter System Annual Sales by Company (2020-2025)
3.1.2 Global Wind Power Converter System Sales Market Share by Company (2020-2025)
3.2 Global Wind Power Converter System Annual Revenue by Company (2020-2025)
3.2.1 Global Wind Power Converter System Revenue by Company (2020-2025)
3.2.2 Global Wind Power Converter System Revenue Market Share by Company (2020-2025)
3.3 Global Wind Power Converter System Sale Price by Company
3.4 Key Manufacturers Wind Power Converter System Producing Area Distribution, Sales Area, Product Type
3.4.1 Key Manufacturers Wind Power Converter System Product Location Distribution
3.4.2 Players Wind Power Converter System Products Offered
3.5 Market Concentration Rate Analysis
3.5.1 Competition Landscape Analysis
3.5.2 Concentration Ratio (CR3, CR5 and CR10) & (2023-2025)
3.6 New Products and Potential Entrants
3.7 Market M&A Activity & Strategy
4 World Historic Review for Wind Power Converter System by Geographic Region
4.1 World Historic Wind Power Converter System Market Size by Geographic Region (2020-2025)
4.1.1 Global Wind Power Converter System Annual Sales by Geographic Region (2020-2025)
4.1.2 Global Wind Power Converter System Annual Revenue by Geographic Region (2020-2025)
4.2 World Historic Wind Power Converter System Market Size by Country/Region (2020-2025)
4.2.1 Global Wind Power Converter System Annual Sales by Country/Region (2020-2025)
4.2.2 Global Wind Power Converter System Annual Revenue by Country/Region (2020-2025)
4.3 Americas Wind Power Converter System Sales Growth
4.4 APAC Wind Power Converter System Sales Growth
4.5 Europe Wind Power Converter System Sales Growth
4.6 Middle East & Africa Wind Power Converter System Sales Growth
5 Americas
5.1 Americas Wind Power Converter System Sales by Country
5.1.1 Americas Wind Power Converter System Sales by Country (2020-2025)
5.1.2 Americas Wind Power Converter System Revenue by Country (2020-2025)
5.2 Americas Wind Power Converter System Sales by Type (2020-2025)
5.3 Americas Wind Power Converter System Sales by Application (2020-2025)
5.4 United States
5.5 Canada
5.6 Mexico
5.7 Brazil
6 APAC
6.1 APAC Wind Power Converter System Sales by Region
6.1.1 APAC Wind Power Converter System Sales by Region (2020-2025)
6.1.2 APAC Wind Power Converter System Revenue by Region (2020-2025)
6.2 APAC Wind Power Converter System Sales by Type (2020-2025)
6.3 APAC Wind Power Converter System Sales by Application (2020-2025)
6.4 China
6.5 Japan
6.6 South Korea
6.7 Southeast Asia
6.8 India
6.9 Australia
6.10 China Taiwan
7 Europe
7.1 Europe Wind Power Converter System by Country
7.1.1 Europe Wind Power Converter System Sales by Country (2020-2025)
7.1.2 Europe Wind Power Converter System Revenue by Country (2020-2025)
7.2 Europe Wind Power Converter System Sales by Type (2020-2025)
7.3 Europe Wind Power Converter System Sales by Application (2020-2025)
7.4 Germany
7.5 France
7.6 UK
7.7 Italy
7.8 Russia
8 Middle East & Africa
8.1 Middle East & Africa Wind Power Converter System by Country
8.1.1 Middle East & Africa Wind Power Converter System Sales by Country (2020-2025)
8.1.2 Middle East & Africa Wind Power Converter System Revenue by Country (2020-2025)
8.2 Middle East & Africa Wind Power Converter System Sales by Type (2020-2025)
8.3 Middle East & Africa Wind Power Converter System Sales by Application (2020-2025)
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 Manufacturing Cost Structure Analysis
10.1 Raw Material and Suppliers
10.2 Manufacturing Cost Structure Analysis of Wind Power Converter System
10.3 Manufacturing Process Analysis of Wind Power Converter System
10.4 Industry Chain Structure of Wind Power Converter System
11 Marketing, Distributors and Customer
11.1 Sales Channel
11.1.1 Direct Channels
11.1.2 Indirect Channels
11.2 Wind Power Converter System Distributors
11.3 Wind Power Converter System Customer
12 World Forecast Review for Wind Power Converter System by Geographic Region
12.1 Global Wind Power Converter System Market Size Forecast by Region
12.1.1 Global Wind Power Converter System Forecast by Region (2026-2031)
12.1.2 Global Wind Power Converter System Annual Revenue Forecast by Region (2026-2031)
12.2 Americas Forecast by Country (2026-2031)
12.3 APAC Forecast by Region (2026-2031)
12.4 Europe Forecast by Country (2026-2031)
12.5 Middle East & Africa Forecast by Country (2026-2031)
12.6 Global Wind Power Converter System Forecast by Type (2026-2031)
12.7 Global Wind Power Converter System Forecast by Application (2026-2031)
13 Key Players Analysis
13.1 ABB
13.1.1 ABB Company Information
13.1.2 ABB Wind Power Converter System Product Portfolios and Specifications
13.1.3 ABB Wind Power Converter System Sales, Revenue, Price and Gross Margin (2020-2025)
13.1.4 ABB Main Business Overview
13.1.5 ABB Latest Developments
13.2 AMSC
13.2.1 AMSC Company Information
13.2.2 AMSC Wind Power Converter System Product Portfolios and Specifications
13.2.3 AMSC Wind Power Converter System Sales, Revenue, Price and Gross Margin (2020-2025)
13.2.4 AMSC Main Business Overview
13.2.5 AMSC Latest Developments
13.3 Siemens
13.3.1 Siemens Company Information
13.3.2 Siemens Wind Power Converter System Product Portfolios and Specifications
13.3.3 Siemens Wind Power Converter System Sales, Revenue, Price and Gross Margin (2020-2025)
13.3.4 Siemens Main Business Overview
13.3.5 Siemens Latest Developments
13.4 Emerson
13.4.1 Emerson Company Information
13.4.2 Emerson Wind Power Converter System Product Portfolios and Specifications
13.4.3 Emerson Wind Power Converter System Sales, Revenue, Price and Gross Margin (2020-2025)
13.4.4 Emerson Main Business Overview
13.4.5 Emerson Latest Developments
13.5 Vacon
13.5.1 Vacon Company Information
13.5.2 Vacon Wind Power Converter System Product Portfolios and Specifications
13.5.3 Vacon Wind Power Converter System Sales, Revenue, Price and Gross Margin (2020-2025)
13.5.4 Vacon Main Business Overview
13.5.5 Vacon Latest Developments
13.6 Schneider
13.6.1 Schneider Company Information
13.6.2 Schneider Wind Power Converter System Product Portfolios and Specifications
13.6.3 Schneider Wind Power Converter System Sales, Revenue, Price and Gross Margin (2020-2025)
13.6.4 Schneider Main Business Overview
13.6.5 Schneider Latest Developments
13.7 GE Power
13.7.1 GE Power Company Information
13.7.2 GE Power Wind Power Converter System Product Portfolios and Specifications
13.7.3 GE Power Wind Power Converter System Sales, Revenue, Price and Gross Margin (2020-2025)
13.7.4 GE Power Main Business Overview
13.7.5 GE Power Latest Developments
13.8 Switch
13.8.1 Switch Company Information
13.8.2 Switch Wind Power Converter System Product Portfolios and Specifications
13.8.3 Switch Wind Power Converter System Sales, Revenue, Price and Gross Margin (2020-2025)
13.8.4 Switch Main Business Overview
13.8.5 Switch Latest Developments
13.9 Woodward
13.9.1 Woodward Company Information
13.9.2 Woodward Wind Power Converter System Product Portfolios and Specifications
13.9.3 Woodward Wind Power Converter System Sales, Revenue, Price and Gross Margin (2020-2025)
13.9.4 Woodward Main Business Overview
13.9.5 Woodward Latest Developments
13.10 Ingeteam
13.10.1 Ingeteam Company Information
13.10.2 Ingeteam Wind Power Converter System Product Portfolios and Specifications
13.10.3 Ingeteam Wind Power Converter System Sales, Revenue, Price and Gross Margin (2020-2025)
13.10.4 Ingeteam Main Business Overview
13.10.5 Ingeteam Latest Developments
14 Research Findings and Conclusion

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