The global market for Grid Forming Power Conversion System (PCS) was valued at US$ 544 million in the year 2024 and is projected to reach a revised size of US$ 793 million by 2031, growing at a CAGR of 5.6% during the forecast period.
Grid Forming Power Conversion System (PCS) is an energy storage converter that builds and maintains output voltage and frequency, operates with voltage source characteristics, and actively provides grid support. Grid Forming Power Conversion System (PCS) can be divided into high-voltage grid forming power conversion system (PCS) and low-voltage grid forming power conversion system according to the AC output voltage level. High-voltage grid forming power conversion system refers to a grid-forming energy storage converter with an AC port voltage of 6kV to 35kV; low-voltage grid forming power conversion system refers to a grid-forming energy storage converter with an AC port voltage of 1000V and below.
North American market for Grid Forming Power Conversion System (PCS) is estimated to increase from $ million in 2024 to reach $ million by 2031, at a CAGR of % during the forecast period of 2025 through 2031.
Asia-Pacific market for Grid Forming Power Conversion System (PCS) is estimated to increase from $ million in 2024 to reach $ million by 2031, at a CAGR of % during the forecast period of 2025 through 2031.
The major global manufacturers of Grid Forming Power Conversion System (PCS) include Shenzhen Sinexcel Electric Co., Ltd., Sineng Electric Co., Ltd., Beijing Soaring Electric Technology Co., Ltd., Sungrow Power Supply Co., Ltd., SMA, Fujian Nebula Electronics Co., Ltd., NREC, Hi-Tech, Xiamen Kehua Shuneng Technology Co., Ltd., Beijing Hyperstrong Technology Co., Ltd., etc. In 2024, the world's top three vendors accounted for approximately % of the revenue.
Report Scope
This report aims to provide a comprehensive presentation of the global market for Grid Forming Power Conversion System (PCS), with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Grid Forming Power Conversion System (PCS).
The Grid Forming Power Conversion System (PCS) market size, estimations, and forecasts are provided in terms of output/shipments (Units) and revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. This report segments the global Grid Forming Power Conversion System (PCS) market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Grid Forming Power Conversion System (PCS) manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
Shenzhen Sinexcel Electric Co., Ltd.
Sineng Electric Co., Ltd.
Beijing Soaring Electric Technology Co., Ltd.
Sungrow Power Supply Co., Ltd.
SMA
Fujian Nebula Electronics Co., Ltd.
NREC
Hi-Tech
Xiamen Kehua Shuneng Technology Co., Ltd.
Beijing Hyperstrong Technology Co., Ltd.
by Type
Low Voltage
High Voltage
by Application
Industrial
Commercial
Public Utility
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Europe
Germany
France
U.K.
Italy
Russia
Rest of Europe
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, 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: Detailed analysis of Grid Forming Power Conversion System (PCS) manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Grid Forming Power Conversion System (PCS) by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption of Grid Forming Power Conversion System (PCS) in 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, and production of each country in the world.
Chapter 5: Provides the analysis of various market segments by Type, covering the market size 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 market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: 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 10: The main points and conclusions of the report.
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1 Grid Forming Power Conversion System (PCS) Market Overview
1.1 Product Definition
1.2 Grid Forming Power Conversion System (PCS) by Type
1.2.1 Global Grid Forming Power Conversion System (PCS) Market Value Growth Rate Analysis by Type: 2024 VS 2031
1.2.2 Low Voltage
1.2.3 High Voltage
1.3 Grid Forming Power Conversion System (PCS) by Application
1.3.1 Global Grid Forming Power Conversion System (PCS) Market Value Growth Rate Analysis by Application: 2024 VS 2031
1.3.2 Industrial
1.3.3 Commercial
1.3.4 Public Utility
1.4 Global Market Growth Prospects
1.4.1 Global Grid Forming Power Conversion System (PCS) Production Value Estimates and Forecasts (2020-2031)
1.4.2 Global Grid Forming Power Conversion System (PCS) Production Capacity Estimates and Forecasts (2020-2031)
1.4.3 Global Grid Forming Power Conversion System (PCS) Production Estimates and Forecasts (2020-2031)
1.4.4 Global Grid Forming Power Conversion System (PCS) Market Average Price Estimates and Forecasts (2020-2031)
1.5 Assumptions and Limitations
2 Market Competition by Manufacturers
2.1 Global Grid Forming Power Conversion System (PCS) Production Market Share by Manufacturers (2020-2025)
2.2 Global Grid Forming Power Conversion System (PCS) Production Value Market Share by Manufacturers (2020-2025)
2.3 Global Key Players of Grid Forming Power Conversion System (PCS), Industry Ranking, 2023 VS 2024
2.4 Global Grid Forming Power Conversion System (PCS) Company Type and Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
2.5 Global Grid Forming Power Conversion System (PCS) Average Price by Manufacturers (2020-2025)
2.6 Global Key Manufacturers of Grid Forming Power Conversion System (PCS), Manufacturing Base Distribution and Headquarters
2.7 Global Key Manufacturers of Grid Forming Power Conversion System (PCS), Product Offered and Application
2.8 Global Key Manufacturers of Grid Forming Power Conversion System (PCS), Date of Enter into This Industry
2.9 Grid Forming Power Conversion System (PCS) Market Competitive Situation and Trends
2.9.1 Grid Forming Power Conversion System (PCS) Market Concentration Rate
2.9.2 Global 5 and 10 Largest Grid Forming Power Conversion System (PCS) Players Market Share by Revenue
2.10 Mergers & Acquisitions, Expansion
3 Grid Forming Power Conversion System (PCS) Production by Region
3.1 Global Grid Forming Power Conversion System (PCS) Production Value Estimates and Forecasts by Region: 2020 VS 2024 VS 2031
3.2 Global Grid Forming Power Conversion System (PCS) Production Value by Region (2020-2031)
3.2.1 Global Grid Forming Power Conversion System (PCS) Production Value by Region (2020-2025)
3.2.2 Global Forecasted Production Value of Grid Forming Power Conversion System (PCS) by Region (2026-2031)
3.3 Global Grid Forming Power Conversion System (PCS) Production Estimates and Forecasts by Region: 2020 VS 2024 VS 2031
3.4 Global Grid Forming Power Conversion System (PCS) Production Volume by Region (2020-2031)
3.4.1 Global Grid Forming Power Conversion System (PCS) Production by Region (2020-2025)
3.4.2 Global Forecasted Production of Grid Forming Power Conversion System (PCS) by Region (2026-2031)
3.5 Global Grid Forming Power Conversion System (PCS) Market Price Analysis by Region (2020-2025)
3.6 Global Grid Forming Power Conversion System (PCS) Production and Value, Year-over-Year Growth
3.6.1 North America Grid Forming Power Conversion System (PCS) Production Value Estimates and Forecasts (2020-2031)
3.6.2 Europe Grid Forming Power Conversion System (PCS) Production Value Estimates and Forecasts (2020-2031)
3.6.3 China Grid Forming Power Conversion System (PCS) Production Value Estimates and Forecasts (2020-2031)
3.6.4 Japan Grid Forming Power Conversion System (PCS) Production Value Estimates and Forecasts (2020-2031)
4 Grid Forming Power Conversion System (PCS) Consumption by Region
4.1 Global Grid Forming Power Conversion System (PCS) Consumption Estimates and Forecasts by Region: 2020 VS 2024 VS 2031
4.2 Global Grid Forming Power Conversion System (PCS) Consumption by Region (2020-2031)
4.2.1 Global Grid Forming Power Conversion System (PCS) Consumption by Region (2020-2025)
4.2.2 Global Grid Forming Power Conversion System (PCS) Forecasted Consumption by Region (2026-2031)
4.3 North America
4.3.1 North America Grid Forming Power Conversion System (PCS) Consumption Growth Rate by Country: 2020 VS 2024 VS 2031
4.3.2 North America Grid Forming Power Conversion System (PCS) Consumption by Country (2020-2031)
4.3.3 U.S.
4.3.4 Canada
4.4 Europe
4.4.1 Europe Grid Forming Power Conversion System (PCS) Consumption Growth Rate by Country: 2020 VS 2024 VS 2031
4.4.2 Europe Grid Forming Power Conversion System (PCS) Consumption by Country (2020-2031)
4.4.3 Germany
4.4.4 France
4.4.5 U.K.
4.4.6 Italy
4.4.7 Netherlands
4.5 Asia Pacific
4.5.1 Asia Pacific Grid Forming Power Conversion System (PCS) Consumption Growth Rate by Region: 2020 VS 2024 VS 2031
4.5.2 Asia Pacific Grid Forming Power Conversion System (PCS) Consumption by Region (2020-2031)
4.5.3 China
4.5.4 Japan
4.5.5 South Korea
4.5.6 China Taiwan
4.5.7 Southeast Asia
4.5.8 India
4.6 Latin America, Middle East & Africa
4.6.1 Latin America, Middle East & Africa Grid Forming Power Conversion System (PCS) Consumption Growth Rate by Country: 2020 VS 2024 VS 2031
4.6.2 Latin America, Middle East & Africa Grid Forming Power Conversion System (PCS) Consumption by Country (2020-2031)
4.6.3 Mexico
4.6.4 Brazil
4.6.5 Turkey
4.6.6 GCC Countries
5 Segment by Type
5.1 Global Grid Forming Power Conversion System (PCS) Production by Type (2020-2031)
5.1.1 Global Grid Forming Power Conversion System (PCS) Production by Type (2020-2025)
5.1.2 Global Grid Forming Power Conversion System (PCS) Production by Type (2026-2031)
5.1.3 Global Grid Forming Power Conversion System (PCS) Production Market Share by Type (2020-2031)
5.2 Global Grid Forming Power Conversion System (PCS) Production Value by Type (2020-2031)
5.2.1 Global Grid Forming Power Conversion System (PCS) Production Value by Type (2020-2025)
5.2.2 Global Grid Forming Power Conversion System (PCS) Production Value by Type (2026-2031)
5.2.3 Global Grid Forming Power Conversion System (PCS) Production Value Market Share by Type (2020-2031)
5.3 Global Grid Forming Power Conversion System (PCS) Price by Type (2020-2031)
6 Segment by Application
6.1 Global Grid Forming Power Conversion System (PCS) Production by Application (2020-2031)
6.1.1 Global Grid Forming Power Conversion System (PCS) Production by Application (2020-2025)
6.1.2 Global Grid Forming Power Conversion System (PCS) Production by Application (2026-2031)
6.1.3 Global Grid Forming Power Conversion System (PCS) Production Market Share by Application (2020-2031)
6.2 Global Grid Forming Power Conversion System (PCS) Production Value by Application (2020-2031)
6.2.1 Global Grid Forming Power Conversion System (PCS) Production Value by Application (2020-2025)
6.2.2 Global Grid Forming Power Conversion System (PCS) Production Value by Application (2026-2031)
6.2.3 Global Grid Forming Power Conversion System (PCS) Production Value Market Share by Application (2020-2031)
6.3 Global Grid Forming Power Conversion System (PCS) Price by Application (2020-2031)
7 Key Companies Profiled
7.1 Shenzhen Sinexcel Electric Co., Ltd.
7.1.1 Shenzhen Sinexcel Electric Co., Ltd. Grid Forming Power Conversion System (PCS) Company Information
7.1.2 Shenzhen Sinexcel Electric Co., Ltd. Grid Forming Power Conversion System (PCS) Product Portfolio
7.1.3 Shenzhen Sinexcel Electric Co., Ltd. Grid Forming Power Conversion System (PCS) Production, Value, Price and Gross Margin (2020-2025)
7.1.4 Shenzhen Sinexcel Electric Co., Ltd. Main Business and Markets Served
7.1.5 Shenzhen Sinexcel Electric Co., Ltd. Recent Developments/Updates
7.2 Sineng Electric Co., Ltd.
7.2.1 Sineng Electric Co., Ltd. Grid Forming Power Conversion System (PCS) Company Information
7.2.2 Sineng Electric Co., Ltd. Grid Forming Power Conversion System (PCS) Product Portfolio
7.2.3 Sineng Electric Co., Ltd. Grid Forming Power Conversion System (PCS) Production, Value, Price and Gross Margin (2020-2025)
7.2.4 Sineng Electric Co., Ltd. Main Business and Markets Served
7.2.5 Sineng Electric Co., Ltd. Recent Developments/Updates
7.3 Beijing Soaring Electric Technology Co., Ltd.
7.3.1 Beijing Soaring Electric Technology Co., Ltd. Grid Forming Power Conversion System (PCS) Company Information
7.3.2 Beijing Soaring Electric Technology Co., Ltd. Grid Forming Power Conversion System (PCS) Product Portfolio
7.3.3 Beijing Soaring Electric Technology Co., Ltd. Grid Forming Power Conversion System (PCS) Production, Value, Price and Gross Margin (2020-2025)
7.3.4 Beijing Soaring Electric Technology Co., Ltd. Main Business and Markets Served
7.3.5 Beijing Soaring Electric Technology Co., Ltd. Recent Developments/Updates
7.4 Sungrow Power Supply Co., Ltd.
7.4.1 Sungrow Power Supply Co., Ltd. Grid Forming Power Conversion System (PCS) Company Information
7.4.2 Sungrow Power Supply Co., Ltd. Grid Forming Power Conversion System (PCS) Product Portfolio
7.4.3 Sungrow Power Supply Co., Ltd. Grid Forming Power Conversion System (PCS) Production, Value, Price and Gross Margin (2020-2025)
7.4.4 Sungrow Power Supply Co., Ltd. Main Business and Markets Served
7.4.5 Sungrow Power Supply Co., Ltd. Recent Developments/Updates
7.5 SMA
7.5.1 SMA Grid Forming Power Conversion System (PCS) Company Information
7.5.2 SMA Grid Forming Power Conversion System (PCS) Product Portfolio
7.5.3 SMA Grid Forming Power Conversion System (PCS) Production, Value, Price and Gross Margin (2020-2025)
7.5.4 SMA Main Business and Markets Served
7.5.5 SMA Recent Developments/Updates
7.6 Fujian Nebula Electronics Co., Ltd.
7.6.1 Fujian Nebula Electronics Co., Ltd. Grid Forming Power Conversion System (PCS) Company Information
7.6.2 Fujian Nebula Electronics Co., Ltd. Grid Forming Power Conversion System (PCS) Product Portfolio
7.6.3 Fujian Nebula Electronics Co., Ltd. Grid Forming Power Conversion System (PCS) Production, Value, Price and Gross Margin (2020-2025)
7.6.4 Fujian Nebula Electronics Co., Ltd. Main Business and Markets Served
7.6.5 Fujian Nebula Electronics Co., Ltd. Recent Developments/Updates
7.7 NREC
7.7.1 NREC Grid Forming Power Conversion System (PCS) Company Information
7.7.2 NREC Grid Forming Power Conversion System (PCS) Product Portfolio
7.7.3 NREC Grid Forming Power Conversion System (PCS) Production, Value, Price and Gross Margin (2020-2025)
7.7.4 NREC Main Business and Markets Served
7.7.5 NREC Recent Developments/Updates
7.8 Hi-Tech
7.8.1 Hi-Tech Grid Forming Power Conversion System (PCS) Company Information
7.8.2 Hi-Tech Grid Forming Power Conversion System (PCS) Product Portfolio
7.8.3 Hi-Tech Grid Forming Power Conversion System (PCS) Production, Value, Price and Gross Margin (2020-2025)
7.8.4 Hi-Tech Main Business and Markets Served
7.8.5 Hi-Tech Recent Developments/Updates
7.9 Xiamen Kehua Shuneng Technology Co., Ltd.
7.9.1 Xiamen Kehua Shuneng Technology Co., Ltd. Grid Forming Power Conversion System (PCS) Company Information
7.9.2 Xiamen Kehua Shuneng Technology Co., Ltd. Grid Forming Power Conversion System (PCS) Product Portfolio
7.9.3 Xiamen Kehua Shuneng Technology Co., Ltd. Grid Forming Power Conversion System (PCS) Production, Value, Price and Gross Margin (2020-2025)
7.9.4 Xiamen Kehua Shuneng Technology Co., Ltd. Main Business and Markets Served
7.9.5 Xiamen Kehua Shuneng Technology Co., Ltd. Recent Developments/Updates
7.10 Beijing Hyperstrong Technology Co., Ltd.
7.10.1 Beijing Hyperstrong Technology Co., Ltd. Grid Forming Power Conversion System (PCS) Company Information
7.10.2 Beijing Hyperstrong Technology Co., Ltd. Grid Forming Power Conversion System (PCS) Product Portfolio
7.10.3 Beijing Hyperstrong Technology Co., Ltd. Grid Forming Power Conversion System (PCS) Production, Value, Price and Gross Margin (2020-2025)
7.10.4 Beijing Hyperstrong Technology Co., Ltd. Main Business and Markets Served
7.10.5 Beijing Hyperstrong Technology Co., Ltd. Recent Developments/Updates
8 Industry Chain and Sales Channels Analysis
8.1 Grid Forming Power Conversion System (PCS) Industry Chain Analysis
8.2 Grid Forming Power Conversion System (PCS) Raw Material Supply Analysis
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.3 Grid Forming Power Conversion System (PCS) Production Mode & Process Analysis
8.4 Grid Forming Power Conversion System (PCS) Sales and Marketing
8.4.1 Grid Forming Power Conversion System (PCS) Sales Channels
8.4.2 Grid Forming Power Conversion System (PCS) Distributors
8.5 Grid Forming Power Conversion System (PCS) Customer Analysis
9 Grid Forming Power Conversion System (PCS) Market Dynamics
9.1 Grid Forming Power Conversion System (PCS) Industry Trends
9.2 Grid Forming Power Conversion System (PCS) Market Drivers
9.3 Grid Forming Power Conversion System (PCS) Market Challenges
9.4 Grid Forming Power Conversion System (PCS) Market Restraints
10 Research Findings and Conclusion
11 Methodology and Data Source
11.1 Methodology/Research Approach
11.1.1 Research Programs/Design
11.1.2 Market Size Estimation
11.1.3 Market Breakdown and Data Triangulation
11.2 Data Source
11.2.1 Secondary Sources
11.2.2 Primary Sources
11.3 Author List
11.4 Disclaimer
Shenzhen Sinexcel Electric Co., Ltd.
Sineng Electric Co., Ltd.
Beijing Soaring Electric Technology Co., Ltd.
Sungrow Power Supply Co., Ltd.
SMA
Fujian Nebula Electronics Co., Ltd.
NREC
Hi-Tech
Xiamen Kehua Shuneng Technology Co., Ltd.
Beijing Hyperstrong Technology Co., Ltd.
听
听
*If Applicable.