Global Wind Turbine Converters Market Growth 2025-2031
Description
The global Wind Turbine Converters market size is predicted to grow from US$ 620 million in 2025 to US$ 821 million in 2031; it is expected to grow at a CAGR of 4.8% from 2025 to 2031.
The impact of the latest U.S. tariff measures and the corresponding policy responses from countries worldwide on market competitiveness, regional economic performance, and supply chain configurations will be comprehensively evaluated in this report.
The wind turbine converter plays an important role in helping customers create the perfect wind economy. The selection of the right converter is critical in the turbine design and for a higher return on investment.
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.
LP Information, Inc. (LPI) ' newest research report, the “Wind Turbine Converters Industry Forecast” looks at past sales and reviews total world Wind Turbine Converters sales in 2024, providing a comprehensive analysis by region and market sector of projected Wind Turbine Converters sales for 2025 through 2031. With Wind Turbine Converters sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Wind Turbine Converters industry.
This Insight Report provides a comprehensive analysis of the global Wind Turbine 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 analyzes the strategies of leading global companies with a focus on Wind Turbine Converters portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Wind Turbine Converters market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Wind Turbine 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 Wind Turbine Converters.
This report presents a comprehensive overview, market shares, and growth opportunities of Wind Turbine Converters market by product type, application, key manufacturers and key regions and countries.
Segmentation by Type:
Grid-tie Converters
Off-grid Converters
Segmentation by Application:
Centralized Wind Power
Distributed 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.
Siemens
ABB
GE
Woodward
The Switch
Nissens
Polwind
Northern Power Systems
WINDLifeTM
Senvion
Vestas
Schneider Electric
Bonfiglioli
Emerson
Danfoss
KACO new energy
Yaskawa
Key Questions Addressed in this Report
What is the 10-year outlook for the global Wind Turbine Converters market?
What factors are driving Wind Turbine Converters market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Wind Turbine Converters market opportunities vary by end market size?
How does Wind Turbine Converters break out by Type, by Application?
Please note: The report will take approximately 2 business days to prepare and deliver.
The impact of the latest U.S. tariff measures and the corresponding policy responses from countries worldwide on market competitiveness, regional economic performance, and supply chain configurations will be comprehensively evaluated in this report.
The wind turbine converter plays an important role in helping customers create the perfect wind economy. The selection of the right converter is critical in the turbine design and for a higher return on investment.
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.
LP Information, Inc. (LPI) ' newest research report, the “Wind Turbine Converters Industry Forecast” looks at past sales and reviews total world Wind Turbine Converters sales in 2024, providing a comprehensive analysis by region and market sector of projected Wind Turbine Converters sales for 2025 through 2031. With Wind Turbine Converters sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Wind Turbine Converters industry.
This Insight Report provides a comprehensive analysis of the global Wind Turbine 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 analyzes the strategies of leading global companies with a focus on Wind Turbine Converters portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Wind Turbine Converters market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Wind Turbine 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 Wind Turbine Converters.
This report presents a comprehensive overview, market shares, and growth opportunities of Wind Turbine Converters market by product type, application, key manufacturers and key regions and countries.
Segmentation by Type:
Grid-tie Converters
Off-grid Converters
Segmentation by Application:
Centralized Wind Power
Distributed 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.
Siemens
ABB
GE
Woodward
The Switch
Nissens
Polwind
Northern Power Systems
WINDLifeTM
Senvion
Vestas
Schneider Electric
Bonfiglioli
Emerson
Danfoss
KACO new energy
Yaskawa
Key Questions Addressed in this Report
What is the 10-year outlook for the global Wind Turbine Converters market?
What factors are driving Wind Turbine Converters market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Wind Turbine Converters market opportunities vary by end market size?
How does Wind Turbine Converters break out by Type, by Application?
Please note: The report will take approximately 2 business days to prepare and deliver.
Table of Contents
142 Pages
- *This is a tentative TOC and the final deliverable is subject to change.*
- 1 Scope of the Report
- 2 Executive Summary
- 3 Global by Company
- 4 World Historic Review for Wind Turbine Converters by Geographic Region
- 5 Americas
- 6 APAC
- 7 Europe
- 8 Middle East & Africa
- 9 Market Drivers, Challenges and Trends
- 10 Manufacturing Cost Structure Analysis
- 11 Marketing, Distributors and Customer
- 12 World Forecast Review for Wind Turbine Converters by Geographic Region
- 13 Key Players Analysis
- 14 Research Findings and Conclusion
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