Global Modular Multilevel Converters (MMC) Market Research Report 2024

Publication ID:

PB509243832

Publication Date:

September 16, 2024

Pages:

Publisher:

MRRPB5

Countries:

Global [1]

USD 2,900.00

Electricity [2]

Energy & Utilities [3]

Description:

Modular Multi-Level Converter (MMC) is a power electronic device commonly used in high-voltage direct current transmission (HVDC) systems. It realizes the control and regulation of high-voltage direct current transmission lines by cascading multiple units. MMC adopts a modular structure. Each module is composed of a capacitor and several switching devices (such as thyristors or IGBTs, etc.), which can achieve multiple output voltages of different levels. This structure enables MMC to have higher voltage, current and power capacity, and can achieve higher voltage levels and lower harmonic content, thereby improving power transmission efficiency and stability.
The global Modular Multilevel Converters (MMC) market was valued at US$ 2190 million in 2023 and is anticipated to reach US$ 3514 million by 2030, witnessing a CAGR of 7.1% during the forecast period 2024-2030.
Global key players of Modular Multilevel Converters (MMC) include Siemens Energy, Hitachi Energy, GE Vernova, NARI Technology, Toshiba, etc. The top five players hold a share about 71%. Asia-Pacific is the largest market, and has a share about 53%, followed by Europe and North America with share 25% and 17%, separately. In terms of product type, Half Bridge Type is the largest segment, accounting for a share of 87%. In terms of application, HVDC is the largest field with a share about 59 percent.
This report aims to provide a comprehensive presentation of the global market for Modular Multilevel Converters (MMC), 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 Modular Multilevel Converters (MMC).
The Modular Multilevel Converters (MMC) market size, estimations, and forecasts are provided in terms of and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Modular Multilevel Converters (MMC) 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 Modular Multilevel Converters (MMC) companies, new entrants, and industry chain related companies in this market with information on the revenues 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
Siemens Energy
Hitachi Energy
GE Vernova
NARI Technology
Toshiba
Rongxin Huiko Electric
XJ Electric
Hyosung Heavy Industries
Innomotics
XD Electric
TBEA
Sifang Automation
Mitsubishi Electric
Segment by Type
Full Bridge Type
Half Bridge Type
Others
Segment by Application
HVDC
FACTS
Others
By Region
North America
United States
Canada
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Rest of Europe
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (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: Introduces executive summary of global market size, regional market size, this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter 3: Detailed analysis of Modular Multilevel Converters (MMC) company competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: 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 5: 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 6, 7, 8, 9, 10: North America, Europe, Asia Pacific, Latin America, Middle East and Africa segment by country. 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 capacity of each country in the world.
Chapter 11: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 12: The main points and conclusions of the report.

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

Table Of Contents:

1 Report Overview
1.1 Study Scope
1.2 Market Analysis by Type
1.2.1 Global Modular Multilevel Converters (MMC) Market Size Growth Rate by Type: 2019 VS 2023 VS 2030
1.2.2 Full Bridge Type
1.2.3 Half Bridge Type
1.2.4 Others
1.3 Market by Application
1.3.1 Global Modular Multilevel Converters (MMC) Market Growth by Application: 2019 VS 2023 VS 2030
1.3.2 HVDC
1.3.3 FACTS
1.3.4 Others
1.4 Assumptions and Limitations
1.5 Study Objectives
1.6 Years Considered
2 Global Growth Trends
2.1 Global Modular Multilevel Converters (MMC) Market Perspective (2019-2030)
2.2 Global Modular Multilevel Converters (MMC) Growth Trends by Region
2.2.1 Global Modular Multilevel Converters (MMC) Market Size by Region: 2019 VS 2023 VS 2030
2.2.2 Modular Multilevel Converters (MMC) Historic Market Size by Region (2019-2024)
2.2.3 Modular Multilevel Converters (MMC) Forecasted Market Size by Region (2025-2030)
2.3 Modular Multilevel Converters (MMC) Market Dynamics
2.3.1 Modular Multilevel Converters (MMC) Industry Trends
2.3.2 Modular Multilevel Converters (MMC) Market Drivers
2.3.3 Modular Multilevel Converters (MMC) Market Challenges
2.3.4 Modular Multilevel Converters (MMC) Market Restraints
3 Competition Landscape by Key Players
3.1 Global Top Modular Multilevel Converters (MMC) Players by Revenue
3.1.1 Global Top Modular Multilevel Converters (MMC) Players by Revenue (2019-2024)
3.1.2 Global Modular Multilevel Converters (MMC) Revenue Market Share by Players (2019-2024)
3.2 Global Modular Multilevel Converters (MMC) Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.3 Global Key Players Ranking by Modular Multilevel Converters (MMC) Revenue
3.4 Global Modular Multilevel Converters (MMC) Market Concentration Ratio
3.4.1 Global Modular Multilevel Converters (MMC) Market Concentration Ratio (CR5 and HHI)
3.4.2 Global Top 10 and Top 5 Companies by Modular Multilevel Converters (MMC) Revenue in 2023
3.5 Global Key Players of Modular Multilevel Converters (MMC) Head office and Area Served
3.6 Global Key Players of Modular Multilevel Converters (MMC), Product and Application
3.7 Global Key Players of Modular Multilevel Converters (MMC), Date of Enter into This Industry
3.8 Mergers & Acquisitions, Expansion Plans
4 Modular Multilevel Converters (MMC) Breakdown Data by Type
4.1 Global Modular Multilevel Converters (MMC) Historic Market Size by Type (2019-2024)
4.2 Global Modular Multilevel Converters (MMC) Forecasted Market Size by Type (2025-2030)
5 Modular Multilevel Converters (MMC) Breakdown Data by Application
5.1 Global Modular Multilevel Converters (MMC) Historic Market Size by Application (2019-2024)
5.2 Global Modular Multilevel Converters (MMC) Forecasted Market Size by Application (2025-2030)
6 North America
6.1 North America Modular Multilevel Converters (MMC) Market Size (2019-2030)
6.2 North America Modular Multilevel Converters (MMC) Market Growth Rate by Country: 2019 VS 2023 VS 2030
6.3 North America Modular Multilevel Converters (MMC) Market Size by Country (2019-2024)
6.4 North America Modular Multilevel Converters (MMC) Market Size by Country (2025-2030)
6.5 United States
6.6 Canada
7 Europe
7.1 Europe Modular Multilevel Converters (MMC) Market Size (2019-2030)
7.2 Europe Modular Multilevel Converters (MMC) Market Growth Rate by Country: 2019 VS 2023 VS 2030
7.3 Europe Modular Multilevel Converters (MMC) Market Size by Country (2019-2024)
7.4 Europe Modular Multilevel Converters (MMC) Market Size by Country (2025-2030)
7.5 Germany
7.6 France
7.7 U.K.
7.8 Italy
7.9 Russia
7.10 Nordic Countries
8 Asia-Pacific
8.1 Asia-Pacific Modular Multilevel Converters (MMC) Market Size (2019-2030)
8.2 Asia-Pacific Modular Multilevel Converters (MMC) Market Growth Rate by Country: 2019 VS 2023 VS 2030
8.3 Asia-Pacific Modular Multilevel Converters (MMC) Market Size by Region (2019-2024)
8.4 Asia-Pacific Modular Multilevel Converters (MMC) Market Size by Region (2025-2030)
8.5 China
8.6 Japan
8.7 South Korea
8.8 Southeast Asia
8.9 India
8.10 Australia
9 Latin America
9.1 Latin America Modular Multilevel Converters (MMC) Market Size (2019-2030)
9.2 Latin America Modular Multilevel Converters (MMC) Market Growth Rate by Country: 2019 VS 2023 VS 2030
9.3 Latin America Modular Multilevel Converters (MMC) Market Size by Country (2019-2024)
9.4 Latin America Modular Multilevel Converters (MMC) Market Size by Country (2025-2030)
9.5 Mexico
9.6 Brazil
10 Middle East & Africa
10.1 Middle East & Africa Modular Multilevel Converters (MMC) Market Size (2019-2030)
10.2 Middle East & Africa Modular Multilevel Converters (MMC) Market Growth Rate by Country: 2019 VS 2023 VS 2030
10.3 Middle East & Africa Modular Multilevel Converters (MMC) Market Size by Country (2019-2024)
10.4 Middle East & Africa Modular Multilevel Converters (MMC) Market Size by Country (2025-2030)
10.5 Turkey
10.6 Saudi Arabia
10.7 UAE
11 Key Players Profiles
11.1 Siemens Energy
11.1.1 Siemens Energy Company Details
11.1.2 Siemens Energy Business Overview
11.1.3 Siemens Energy Modular Multilevel Converters (MMC) Introduction
11.1.4 Siemens Energy Revenue in Modular Multilevel Converters (MMC) Business (2019-2024)
11.1.5 Siemens Energy Recent Development
11.2 Hitachi Energy
11.2.1 Hitachi Energy Company Details
11.2.2 Hitachi Energy Business Overview
11.2.3 Hitachi Energy Modular Multilevel Converters (MMC) Introduction
11.2.4 Hitachi Energy Revenue in Modular Multilevel Converters (MMC) Business (2019-2024)
11.2.5 Hitachi Energy Recent Development
11.3 GE Vernova
11.3.1 GE Vernova Company Details
11.3.2 GE Vernova Business Overview
11.3.3 GE Vernova Modular Multilevel Converters (MMC) Introduction
11.3.4 GE Vernova Revenue in Modular Multilevel Converters (MMC) Business (2019-2024)
11.3.5 GE Vernova Recent Development
11.4 NARI Technology
11.4.1 NARI Technology Company Details
11.4.2 NARI Technology Business Overview
11.4.3 NARI Technology Modular Multilevel Converters (MMC) Introduction
11.4.4 NARI Technology Revenue in Modular Multilevel Converters (MMC) Business (2019-2024)
11.4.5 NARI Technology Recent Development
11.5 Toshiba
11.5.1 Toshiba Company Details
11.5.2 Toshiba Business Overview
11.5.3 Toshiba Modular Multilevel Converters (MMC) Introduction
11.5.4 Toshiba Revenue in Modular Multilevel Converters (MMC) Business (2019-2024)
11.5.5 Toshiba Recent Development
11.6 Rongxin Huiko Electric
11.6.1 Rongxin Huiko Electric Company Details
11.6.2 Rongxin Huiko Electric Business Overview
11.6.3 Rongxin Huiko Electric Modular Multilevel Converters (MMC) Introduction
11.6.4 Rongxin Huiko Electric Revenue in Modular Multilevel Converters (MMC) Business (2019-2024)
11.6.5 Rongxin Huiko Electric Recent Development
11.7 XJ Electric
11.7.1 XJ Electric Company Details
11.7.2 XJ Electric Business Overview
11.7.3 XJ Electric Modular Multilevel Converters (MMC) Introduction
11.7.4 XJ Electric Revenue in Modular Multilevel Converters (MMC) Business (2019-2024)
11.7.5 XJ Electric Recent Development
11.8 Hyosung Heavy Industries
11.8.1 Hyosung Heavy Industries Company Details
11.8.2 Hyosung Heavy Industries Business Overview
11.8.3 Hyosung Heavy Industries Modular Multilevel Converters (MMC) Introduction
11.8.4 Hyosung Heavy Industries Revenue in Modular Multilevel Converters (MMC) Business (2019-2024)
11.8.5 Hyosung Heavy Industries Recent Development
11.9 Innomotics
11.9.1 Innomotics Company Details
11.9.2 Innomotics Business Overview
11.9.3 Innomotics Modular Multilevel Converters (MMC) Introduction
11.9.4 Innomotics Revenue in Modular Multilevel Converters (MMC) Business (2019-2024)
11.9.5 Innomotics Recent Development
11.10 XD Electric
11.10.1 XD Electric Company Details
11.10.2 XD Electric Business Overview
11.10.3 XD Electric Modular Multilevel Converters (MMC) Introduction
11.10.4 XD Electric Revenue in Modular Multilevel Converters (MMC) Business (2019-2024)
11.10.5 XD Electric Recent Development
11.11 TBEA
11.11.1 TBEA Company Details
11.11.2 TBEA Business Overview
11.11.3 TBEA Modular Multilevel Converters (MMC) Introduction
11.11.4 TBEA Revenue in Modular Multilevel Converters (MMC) Business (2019-2024)
11.11.5 TBEA Recent Development
11.12 Sifang Automation
11.12.1 Sifang Automation Company Details
11.12.2 Sifang Automation Business Overview
11.12.3 Sifang Automation Modular Multilevel Converters (MMC) Introduction
11.12.4 Sifang Automation Revenue in Modular Multilevel Converters (MMC) Business (2019-2024)
11.12.5 Sifang Automation Recent Development
11.13 Mitsubishi Electric
11.13.1 Mitsubishi Electric Company Details
11.13.2 Mitsubishi Electric Business Overview
11.13.3 Mitsubishi Electric Modular Multilevel Converters (MMC) Introduction
11.13.4 Mitsubishi Electric Revenue in Modular Multilevel Converters (MMC) Business (2019-2024)
11.13.5 Mitsubishi Electric Recent Development
12 Analyst's Viewpoints/Conclusions
13 Appendix
13.1 Research Methodology
13.1.1 Methodology/Research Approach
13.1.1.1 Research Programs/Design
13.1.1.2 Market Size Estimation
13.1.1.3 Market Breakdown and Data Triangulation
13.1.2 Data Source
13.1.2.1 Secondary Sources
13.1.2.2 Primary Sources
13.2 Author Details
13.3 Disclaimer

Companies Mentioned:

Siemens Energy
Hitachi Energy
GE Vernova
NARI Technology
Toshiba
Rongxin Huiko Electric
XJ Electric
Hyosung Heavy Industries
Innomotics
XD Electric
TBEA
Sifang Automation
Mitsubishi Electric

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