Global Power Conditioning System in Energy Storage Market Growth (Status and Outlook) 2025-2031

The global Power Conditioning System in Energy Storage market size is predicted to grow from US$ 1189 million in 2025 to US$ 2519 million in 2031; it is expected to grow at a CAGR of 13.3% from 2025 to 2031.

Power Conditioning System in Energy Storage is the power electronics interface between energy storage batteries and the grid. It can realize the charge and discharge control and management of the battery, and at the same time realize independent decoupling control of active and reactive power. Specifically, the main functions of the power conditioning system include: Active power control: can automatically adjust the active power output according to the active power control instructions given by the monitoring system. Reactive power control: Automatically adjust reactive power output according to the reactive power instructions and grid-side voltage levels given by the monitoring and dispatching system. In addition, the energy storage system can quickly respond to frequency and power regulation through the power regulation system, helping the power system maintain stable voltage and frequency. It can provide or absorb power in a short period of time to cope with sudden load changes or power fluctuations, improving the reliability and stability of the power grid. In general, the power conditioning system is an indispensable part of the energy storage system. It achieves powerful regulation of the grid load through precise control of battery charge and discharge, thereby balancing grid supply and demand and promoting the sustainable development of energy.

Global key players of Power Conditioning System in Energy Storage include ABB, Meidensha, Fuji Electric, etc. The top three players hold a share about 38%. Asia is the largest market, and has a share about 61%, followed by North America and Europe with share 18% and 17%, separately. In terms of product type, Three-Phase is the largest segment, occupied for a share of 80%. In terms of application, Utility Scale has a share about 56 percent.

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

This Insight Report provides a comprehensive analysis of the global Power Conditioning System in Energy Storage landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyses the strategies of leading global companies with a focus on Power Conditioning System in Energy Storage portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Power Conditioning System in Energy Storage market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Power Conditioning System in Energy Storage 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 Power Conditioning System in Energy Storage.

This report presents a comprehensive overview, market shares, and growth opportunities of Power Conditioning System in Energy Storage market by product type, application, key players and key regions and countries.

Segmentation by Type:

Three-Phase

Single-Phase

Segmentation by Application:

Utility Scale

Commercial

Residential

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

ABB

Meidensha

Fuji Electric

GS Yuasa

Nissin Electric

Delta Electronics

Eaton

Omron

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