Global Energy Storage Power Conversion System (PCS) Market Growth 2025-2031

The global Energy Storage Power Conversion System (PCS) market size is predicted to grow from US$ million in 2025 to US$ million in 2031; it is expected to grow at a CAGR of %from 2025 to 2031.

Power conversion system(PCS) energy storage is a multi-functional AC-DC converter by offering both basic bidirectional power converters factions of PCS and several optional modules which could offer on/off grid switch and renewable energy access. Range from 50kW to 250kW, it well fits the requirement of Battery Energy Storage in commercial and industrial applications.

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 53% of the investment. The effect of the policy has initially appeared, and the energy storage industry in the United States shows an upward trend.

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

This Insight Report provides a comprehensive analysis of the global Energy Storage Power Conversion System (PCS) 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 Energy Storage Power Conversion System (PCS) portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Energy Storage Power Conversion System (PCS) market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Energy Storage Power Conversion System (PCS) 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 Energy Storage Power Conversion System (PCS).

This report presents a comprehensive overview, market shares, and growth opportunities of Energy Storage Power Conversion System (PCS) market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
Less Than 500KW
500KW-1MW
Above 1MW

Segmentation by Application:
Power Station
Other

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
Johnson Controls
Parker Hannifin
Delta Electronics
Sungrow Power Supply
KELONG
CLOU
SINENG
WindSun Science Technology
Shenzhen Sinexcel Electric
HNAC Technology
TBEA
Hopewind
Zhiguang ENERGY Storage Technology
Beijing Soaring Electric Technology
NR Electric
Beijing IN-POWER ELECTRIC

Key Questions Addressed in this Report

What is the 10-year outlook for the global Energy Storage Power Conversion System (PCS) market?

What factors are driving Energy Storage Power Conversion System (PCS) market growth, globally and by region?

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

How do Energy Storage Power Conversion System (PCS) market opportunities vary by end market size?

How does Energy Storage Power Conversion System (PCS) break out by Type, by Application?

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