Global Power Conversion Market Growth 2023-2029

Global Power Conversion Market Growth 2023-2029

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.
LPI (LP Information)' newest research report, the “Power Conversion Industry Forecast” looks at past sales and reviews total world Power Conversion sales in 2022, providing a comprehensive analysis by region and market sector of projected Power Conversion sales for 2023 through 2029. With Power Conversion sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Power Conversion industry.
This Insight Report provides a comprehensive analysis of the global Power Conversion 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 Power Conversion portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Power Conversion market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Power Conversion 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 Conversion.
The global Power Conversion market size is projected to grow from US$ 27080 million in 2022 to US$ 35490 million in 2029; it is expected to grow at a CAGR of 35490 from 2023 to 2029.
In terms of region, the largest segment of Power Conversion Market would be Asia-Pacific, with a market share of over 47% in 2019. The follower is Europe accounted for nearly 23% of global market.
For applications of Power Conversion Market, Motor Controller is the largest segment with a market share of nearly 44% in 2019. DC Power Source Usage and UPS accounted for about 26% and 18% of global market, respectively.
This report presents a comprehensive overview, market shares, and growth opportunities of Power Conversion market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
12-48 V
48-200 V
200-400 V
Above 400 V
Segmentation by application
DC Power Source Usage
UPS
Motor Controller
Solar
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
Siemens
SMA
Yaskawa
Huawei
Sungrow
Schneider Electric
Fuji Electric
Solaredge
Inovance Technology
TBEA
TMEIC
Omron
Fronius
Enphase Energy
KACO
Ingeteam
Kostal
Bestek
NFA

Key Questions Addressed in this Report
What is the 10-year outlook for the global Power Conversion market?
What factors are driving Power Conversion market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Power Conversion market opportunities vary by end market size?
How does Power Conversion break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?

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