Global DC-AC Bidirectional Converter Market Growth 2025-2031

The global DC-AC Bidirectional Converter market size is predicted to grow from US$ 688 million in 2025 to US$ 1454 million in 2031; it is expected to grow at a CAGR of 13.3% from 2025 to 2031.

Due to the rapid development of the wind power and photovoltaic industry, as well as the increasing awareness of environmental protection in various countries, the energy storage industry is becoming one of the key technologies, which is used in many countries to advance the carbon neutral target process today. The United States, China and Japan occupied the leading position in the installed capacity of energy storage projects, among which the United States is the world"s largest energy storage market. The European Union established the European Battery Alliance (EBA) in 2017, aiming to escape the EU"s dependence on Asian manufacturers in the battery storage field. According to Data Europa’s statistics, the cumulative installed capacity has reached 48.38GW in 2020. At present, pumped storage accounts for 94% of the energy storage market in Europe, with Spain and Germany having the largest capacity.



According to BNEF data, electrochemical energy storage in the United States added 3.97GW / 10.88 GWh in 2021. In terms of power, it accounted for 40% of the global increase. In 2022, the United States passed the IRA, which subsidized independent energy storage for the first time. Under the ITC, new energy storage projects could offset up to 30% of the investment. The effect of the policy has initially appeared, and the energy storage industry in the United States shows an upward trend.





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 97%.



LP Information, Inc. (LPI) ' newest research report, the “DC-AC Bidirectional Converter Industry Forecast” looks at past sales and reviews total world DC-AC Bidirectional Converter sales in 2024, providing a comprehensive analysis by region and market sector of projected DC-AC Bidirectional Converter sales for 2025 through 2031. With DC-AC Bidirectional Converter sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world DC-AC Bidirectional Converter industry.

This Insight Report provides a comprehensive analysis of the global DC-AC Bidirectional Converter 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 DC-AC Bidirectional Converter portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global DC-AC Bidirectional Converter market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for DC-AC Bidirectional Converter 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 DC-AC Bidirectional Converter.

This report presents a comprehensive overview, market shares, and growth opportunities of DC-AC Bidirectional Converter market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:

Less than 500KW

500KW-1MW

Above than 1MW

Segmentation by Application:

Power Station

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 analysing the company's coverage, product portfolio, its market penetration.

ABB

Nidec Corporation

Sungrow Power Supply Co., Ltd.

Johnson Controls

Parker Hannifin

Delta Electronics

HNAC Technology Co., Ltd.

Destin Power Inc.

Jiangsu Linyang Energy Co., Ltd.

China Greatwall Technology Group Co., Ltd.

Dynapower

Shanghai Sermatec Energy Technology Co., ltd.

Shenzhen Kstar Science&Technology Co.,Ltd.

Soaring

TBEA

Shenzhen Sinexcel Electric Co.,Ltd.

Key Questions Addressed in this Report

What is the 10-year outlook for the global DC-AC Bidirectional Converter market?

What factors are driving DC-AC Bidirectional Converter market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do DC-AC Bidirectional Converter market opportunities vary by end market size?

How does DC-AC Bidirectional Converter break out by Type, by Application?

Please note: The report will take approximately 2 business days to prepare and deliver.