Power Conversion Industry Research Report 2025

Summary

Converters and inverters are electrical devices that convert current. Converters convert the voltage of an electric device, usually alternating current (AC) to direct current (DC) or change the current frequency.

According to APO Research, The global Power Conversion market was valued at US$ million in 2024 and is anticipated to reach US$ million by 2031, witnessing a CAGR of xx% during the forecast period 2025-2031.

North American market for Power Conversion is estimated to increase from $ million in 2025 to reach $ million by 2031, at a CAGR of % during the forecast period of 2026 through 2031.

Asia-Pacific market for Power Conversion is estimated to increase from $ million in 2025 to reach $ million by 2031, at a CAGR of % during the forecast period of 2025 through 2031.

Europe market for Power Conversion is estimated to increase from $ million in 2025 to reach $ million by 2031, at a CAGR of % during the forecast period of 2025 through 2031.

The major global manufacturers of Power Conversion include , 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 Power Conversion, 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 Power Conversion.
The report will help the Power Conversion manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, sales volume, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.

The Power Conversion market size, estimations, and forecasts are provided in terms of sales volume (K 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 Power Conversion 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.

Key Companies & Market Share Insights

In this section, the readers will gain an understanding of the key players competing. This report has studied the key growth strategies, such as innovative trends and developments, intensification of product portfolio, mergers and acquisitions, collaborations, new product innovation, and geographical expansion, undertaken by these participants to maintain their presence. Apart from business strategies, the study includes current developments and key financials. The readers will also get access to the data related to global revenue, price, and sales by manufacturers for the period 2020-2025. This all-inclusive report will certainly serve the clients to stay updated and make effective decisions in their businesses.

Power Conversion Segment by Company

ABB
Siemens
SMA
Yaskawa
Huawei
Sungrow
Schneider Electric
Fuji Electric
Solaredge
Inovance Technology
TBEA
TMEIC
Omron
Fronius
Enphase Energy
KACO
Ingeteam
Kostal
Bestek
NFA
Power Conversion Segment by Type

12-48 V
48-200 V
200-400 V
Above 400 V
Power Conversion Segment by Application

DC Power Source Usage
UPS
Motor Controller
Solar
Power Conversion Segment by Region

North America
United States
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Spain
Netherlands
Switzerland
Sweden
Poland
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Southeast Asia
South America
Brazil
Argentina
Chile
Middle East & Africa
Egypt
South Africa
Israel
Türkiye
GCC Countries

Key Drivers & Barriers

High-impact rendering factors and drivers have been studied in this report to aid the readers to understand the general development. Moreover, the report includes restraints and challenges that may act as stumbling blocks on the way of the players. This will assist the users to be attentive and make informed decisions related to business. Specialists have also laid their focus on the upcoming business prospects.

Reasons to Buy This Report

1. This report will help the readers to understand the competition within the industries and strategies for the competitive environment to enhance the potential profit. The report also focuses on the competitive landscape of the global Power Conversion market, and introduces in detail the market share, industry ranking, competitor ecosystem, market performance, new product development, operation situation, expansion, and acquisition. etc. of the main players, which helps the readers to identify the main competitors and deeply understand the competition pattern of the market.
2. This report will help stakeholders to understand the global industry status and trends of Power Conversion and provides them with information on key market drivers, restraints, challenges, and opportunities.
3. This report will help stakeholders to understand competitors better and gain more insights to strengthen their position in their businesses. The competitive landscape section includes the market share and rank (in volume and value), competitor ecosystem, new product development, expansion, and acquisition.
4. This report stays updated with novel technology integration, features, and the latest developments in the market
5. This report helps stakeholders to gain insights into which regions to target globally
6. This report helps stakeholders to gain insights into the end-user perception concerning the adoption of Power Conversion.
7. This report helps stakeholders to identify some of the key players in the market and understand their valuable contribution.

Chapter Outline

Chapter 1: Research objectives, research methods, data sources, data cross-validation;
Chapter 2: Introduces the report scope of the report, executive summary of different market segments (by region, product type, 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 3: Detailed analysis of Power Conversion manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: 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 5: Production/output, value of Power Conversion by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 6: Consumption of Power Conversion 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 7: 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 8: 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 9: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 10: 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 11: The main points and conclusions of the report.

Please Note: Single-User license will be delivered via PDF from the publisher without the rights to print or to edit.


1 Preface
1.1 Scope of Report
1.2 Reasons for Doing This Study
1.3 Research Methodology
1.4 Research Process
1.5 Data Source
1.5.1 Secondary Sources
1.5.2 Primary Sources
2 Market Overview
2.1 Product Definition
2.2 Power Conversion by Type
2.2.1 Market Value Comparison by Type (2020 VS 2024 VS 2031) & (US$ Million)
2.2.2 12-48 V
2.2.3 48-200 V
2.2.4 200-400 V
2.2.5 Above 400 V
2.3 Power Conversion by Application
2.3.1 Market Value Comparison by Application (2020 VS 2024 VS 2031) & (US$ Million)
2.3.2 DC Power Source Usage
2.3.3 UPS
2.3.4 Motor Controller
2.3.5 Solar
2.4 Global Market Growth Prospects
2.4.1 Global Power Conversion Production Value Estimates and Forecasts (2020-2031)
2.4.2 Global Power Conversion Production Capacity Estimates and Forecasts (2020-2031)
2.4.3 Global Power Conversion Production Estimates and Forecasts (2020-2031)
2.4.4 Global Power Conversion Market Average Price (2020-2031)
3 Market Competitive Landscape by Manufacturers
3.1 Global Power Conversion Production by Manufacturers (2020-2025)
3.2 Global Power Conversion Production Value by Manufacturers (2020-2025)
3.3 Global Power Conversion Average Price by Manufacturers (2020-2025)
3.4 Global Power Conversion Industry Manufacturers Ranking, 2023 VS 2024 VS 2025
3.5 Global Power Conversion Key Manufacturers, Manufacturing Sites & Headquarters
3.6 Global Power Conversion Manufacturers, Product Type & Application
3.7 Global Power Conversion Manufacturers Established Date
3.8 Global Power Conversion Market CR5 and HHI
3.9 Global Manufacturers Mergers & Acquisition
4 Manufacturers Profiled
4.1 ABB
4.1.1 ABB Power Conversion Company Information
4.1.2 ABB Power Conversion Business Overview
4.1.3 ABB Power Conversion Production, Value and Gross Margin (2020-2025)
4.1.4 ABB Product Portfolio
4.1.5 ABB Recent Developments
4.2 Siemens
4.2.1 Siemens Power Conversion Company Information
4.2.2 Siemens Power Conversion Business Overview
4.2.3 Siemens Power Conversion Production, Value and Gross Margin (2020-2025)
4.2.4 Siemens Product Portfolio
4.2.5 Siemens Recent Developments
4.3 SMA
4.3.1 SMA Power Conversion Company Information
4.3.2 SMA Power Conversion Business Overview
4.3.3 SMA Power Conversion Production, Value and Gross Margin (2020-2025)
4.3.4 SMA Product Portfolio
4.3.5 SMA Recent Developments
4.4 Yaskawa
4.4.1 Yaskawa Power Conversion Company Information
4.4.2 Yaskawa Power Conversion Business Overview
4.4.3 Yaskawa Power Conversion Production, Value and Gross Margin (2020-2025)
4.4.4 Yaskawa Product Portfolio
4.4.5 Yaskawa Recent Developments
4.5 Huawei
4.5.1 Huawei Power Conversion Company Information
4.5.2 Huawei Power Conversion Business Overview
4.5.3 Huawei Power Conversion Production, Value and Gross Margin (2020-2025)
4.5.4 Huawei Product Portfolio
4.5.5 Huawei Recent Developments
4.6 Sungrow
4.6.1 Sungrow Power Conversion Company Information
4.6.2 Sungrow Power Conversion Business Overview
4.6.3 Sungrow Power Conversion Production, Value and Gross Margin (2020-2025)
4.6.4 Sungrow Product Portfolio
4.6.5 Sungrow Recent Developments
4.7 Schneider Electric
4.7.1 Schneider Electric Power Conversion Company Information
4.7.2 Schneider Electric Power Conversion Business Overview
4.7.3 Schneider Electric Power Conversion Production, Value and Gross Margin (2020-2025)
4.7.4 Schneider Electric Product Portfolio
4.7.5 Schneider Electric Recent Developments
4.8 Fuji Electric
4.8.1 Fuji Electric Power Conversion Company Information
4.8.2 Fuji Electric Power Conversion Business Overview
4.8.3 Fuji Electric Power Conversion Production, Value and Gross Margin (2020-2025)
4.8.4 Fuji Electric Product Portfolio
4.8.5 Fuji Electric Recent Developments
4.9 Solaredge
4.9.1 Solaredge Power Conversion Company Information
4.9.2 Solaredge Power Conversion Business Overview
4.9.3 Solaredge Power Conversion Production, Value and Gross Margin (2020-2025)
4.9.4 Solaredge Product Portfolio
4.9.5 Solaredge Recent Developments
4.10 Inovance Technology
4.10.1 Inovance Technology Power Conversion Company Information
4.10.2 Inovance Technology Power Conversion Business Overview
4.10.3 Inovance Technology Power Conversion Production, Value and Gross Margin (2020-2025)
4.10.4 Inovance Technology Product Portfolio
4.10.5 Inovance Technology Recent Developments
4.11 TBEA
4.11.1 TBEA Power Conversion Company Information
4.11.2 TBEA Power Conversion Business Overview
4.11.3 TBEA Power Conversion Production, Value and Gross Margin (2020-2025)
4.11.4 TBEA Product Portfolio
4.11.5 TBEA Recent Developments
4.12 TMEIC
4.12.1 TMEIC Power Conversion Company Information
4.12.2 TMEIC Power Conversion Business Overview
4.12.3 TMEIC Power Conversion Production, Value and Gross Margin (2020-2025)
4.12.4 TMEIC Product Portfolio
4.12.5 TMEIC Recent Developments
4.13 Omron
4.13.1 Omron Power Conversion Company Information
4.13.2 Omron Power Conversion Business Overview
4.13.3 Omron Power Conversion Production, Value and Gross Margin (2020-2025)
4.13.4 Omron Product Portfolio
4.13.5 Omron Recent Developments
4.14 Fronius
4.14.1 Fronius Power Conversion Company Information
4.14.2 Fronius Power Conversion Business Overview
4.14.3 Fronius Power Conversion Production, Value and Gross Margin (2020-2025)
4.14.4 Fronius Product Portfolio
4.14.5 Fronius Recent Developments
4.15 Enphase Energy
4.15.1 Enphase Energy Power Conversion Company Information
4.15.2 Enphase Energy Power Conversion Business Overview
4.15.3 Enphase Energy Power Conversion Production, Value and Gross Margin (2020-2025)
4.15.4 Enphase Energy Product Portfolio
4.15.5 Enphase Energy Recent Developments
4.16 KACO
4.16.1 KACO Power Conversion Company Information
4.16.2 KACO Power Conversion Business Overview
4.16.3 KACO Power Conversion Production, Value and Gross Margin (2020-2025)
4.16.4 KACO Product Portfolio
4.16.5 KACO Recent Developments
4.17 Ingeteam
4.17.1 Ingeteam Power Conversion Company Information
4.17.2 Ingeteam Power Conversion Business Overview
4.17.3 Ingeteam Power Conversion Production, Value and Gross Margin (2020-2025)
4.17.4 Ingeteam Product Portfolio
4.17.5 Ingeteam Recent Developments
4.18 Kostal
4.18.1 Kostal Power Conversion Company Information
4.18.2 Kostal Power Conversion Business Overview
4.18.3 Kostal Power Conversion Production, Value and Gross Margin (2020-2025)
4.18.4 Kostal Product Portfolio
4.18.5 Kostal Recent Developments
4.19 Bestek
4.19.1 Bestek Power Conversion Company Information
4.19.2 Bestek Power Conversion Business Overview
4.19.3 Bestek Power Conversion Production, Value and Gross Margin (2020-2025)
4.19.4 Bestek Product Portfolio
4.19.5 Bestek Recent Developments
4.20 NFA
4.20.1 NFA Power Conversion Company Information
4.20.2 NFA Power Conversion Business Overview
4.20.3 NFA Power Conversion Production, Value and Gross Margin (2020-2025)
4.20.4 NFA Product Portfolio
4.20.5 NFA Recent Developments
5 Global Power Conversion Production by Region
5.1 Global Power Conversion Production Estimates and Forecasts by Region: 2020 VS 2024 VS 2031
5.2 Global Power Conversion Production by Region: 2020-2031
5.2.1 Global Power Conversion Production by Region: 2020-2025
5.2.2 Global Power Conversion Production Forecast by Region (2026-2031)
5.3 Global Power Conversion Production Value Estimates and Forecasts by Region: 2020 VS 2024 VS 2031
5.4 Global Power Conversion Production Value by Region: 2020-2031
5.4.1 Global Power Conversion Production Value by Region: 2020-2025
5.4.2 Global Power Conversion Production Value Forecast by Region (2026-2031)
5.5 Global Power Conversion Market Price Analysis by Region (2020-2025)
5.6 Global Power Conversion Production and Value, YOY Growth
5.6.1 North America Power Conversion Production Value Estimates and Forecasts (2020-2031)
5.6.2 Europe Power Conversion Production Value Estimates and Forecasts (2020-2031)
5.6.3 China Power Conversion Production Value Estimates and Forecasts (2020-2031)
5.6.4 Japan Power Conversion Production Value Estimates and Forecasts (2020-2031)
6 Global Power Conversion Consumption by Region
6.1 Global Power Conversion Consumption Estimates and Forecasts by Region: 2020 VS 2024 VS 2031
6.2 Global Power Conversion Consumption by Region (2020-2031)
6.2.1 Global Power Conversion Consumption by Region: 2020-2025
6.2.2 Global Power Conversion Forecasted Consumption by Region (2026-2031)
6.3 North America
6.3.1 North America Power Conversion Consumption Growth Rate by Country: 2020 VS 2024 VS 2031
6.3.2 North America Power Conversion Consumption by Country (2020-2031)
6.3.3 United States
6.3.4 Canada
6.3.5 Mexico
6.4 Europe
6.4.1 Europe Power Conversion Consumption Growth Rate by Country: 2020 VS 2024 VS 2031
6.4.2 Europe Power Conversion Consumption by Country (2020-2031)
6.4.3 Germany
6.4.4 France
6.4.5 U.K.
6.4.6 Italy
6.4.7 Russia
6.4.8 Spain
6.4.9 Netherlands
6.4.10 Switzerland
6.4.11 Sweden
6.4.12 Poland
6.5 Asia Pacific
6.5.1 Asia Pacific Power Conversion Consumption Growth Rate by Country: 2020 VS 2024 VS 2031
6.5.2 Asia Pacific Power Conversion Consumption by Country (2020-2031)
6.5.3 China
6.5.4 Japan
6.5.5 South Korea
6.5.6 India
6.5.7 Australia
6.5.8 Taiwan
6.5.9 Southeast Asia
6.6 South America, Middle East & Africa
6.6.1 South America, Middle East & Africa Power Conversion Consumption Growth Rate by Country: 2020 VS 2024 VS 2031
6.6.2 South America, Middle East & Africa Power Conversion Consumption by Country (2020-2031)
6.6.3 Brazil
6.6.4 Argentina
6.6.5 Chile
6.6.6 Turkey
6.6.7 GCC Countries
7 Segment by Type
7.1 Global Power Conversion Production by Type (2020-2031)
7.1.1 Global Power Conversion Production by Type (2020-2031) & (K Units)
7.1.2 Global Power Conversion Production Market Share by Type (2020-2031)
7.2 Global Power Conversion Production Value by Type (2020-2031)
7.2.1 Global Power Conversion Production Value by Type (2020-2031) & (US$ Million)
7.2.2 Global Power Conversion Production Value Market Share by Type (2020-2031)
7.3 Global Power Conversion Price by Type (2020-2031)
8 Segment by Application
8.1 Global Power Conversion Production by Application (2020-2031)
8.1.1 Global Power Conversion Production by Application (2020-2031) & (K Units)
8.1.2 Global Power Conversion Production Market Share by Application (2020-2031)
8.2 Global Power Conversion Production Value by Application (2020-2031)
8.2.1 Global Power Conversion Production Value by Application (2020-2031) & (US$ Million)
8.2.2 Global Power Conversion Production Value Market Share by Application (2020-2031)
8.3 Global Power Conversion Price by Application (2020-2031)
9 Value Chain and Sales Channels Analysis of the Market
9.1 Power Conversion Value Chain Analysis
9.1.1 Power Conversion Key Raw Materials
9.1.2 Raw Materials Key Suppliers
9.1.3 Power Conversion Production Mode & Process
9.2 Power Conversion Sales Channels Analysis
9.2.1 Direct Comparison with Distribution Share
9.2.2 Power Conversion Distributors
9.2.3 Power Conversion Customers
10 Global Power Conversion Analyzing Market Dynamics
10.1 Power Conversion Industry Trends
10.2 Power Conversion Industry Drivers
10.3 Power Conversion Industry Opportunities and Challenges
10.4 Power Conversion Industry Restraints
11 Report Conclusion
12 Disclaimer

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