Global VSC Converters Market Growth (Status and Outlook) 2024-2030

Global VSC Converters Market Growth (Status and Outlook) 2024-2030

VSC Converters are the core equipment for converting between the city's AC distribution network and the flexible direct current distribution network. VSC-HVDC makes up for the natural defect of phase-change failure in conventional DC transmission technology, which may cause power transmission interruption and thus system fluctuation. It has many advantages such as phase-change without grid support, flexible power four-quadrant control, space saving without reactive compensation devices, and low harmonic emissions in multi-level topology. It has great application potential in the fields of large-scale renewable energy grid connection, offshore wind power grid connection, island power supply, urban power supply, asynchronous grid networking, long-distance power transmission, and multi-terminal DC transmission network. It is one of the key technologies for building a new power system with new energy as the main body.

The global VSC Converters market size is projected to grow from US$ 2093 million in 2024 to US$ 2901 million in 2030; it is expected to grow at a CAGR of 5.6% from 2024 to 2030.

LPI (LP Information)' newest research report, the “VSC Converters Industry Forecast” looks at past sales and reviews total world VSC Converters sales in 2022, providing a comprehensive analysis by region and market sector of projected VSC Converters sales for 2023 through 2029. With VSC Converters sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world VSC Converters industry.

This Insight Report provides a comprehensive analysis of the global VSC 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 analyses the strategies of leading global companies with a focus on VSC Converters portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global VSC Converters market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for VSC 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 VSC Converters.

United States market for VSC Converters is estimated to increase from US$ million in 2023 to US$ million by 2030, at a CAGR of % from 2024 through 2030.

China market for VSC Converters is estimated to increase from US$ million in 2023 to US$ million by 2030, at a CAGR of % from 2024 through 2030.

Europe market for VSC Converters is estimated to increase from US$ million in 2023 to US$ million by 2030, at a CAGR of % from 2024 through 2030.

Global key VSC Converters players cover Siemens Energy, Hitachi Energy, GE Vernova, NARI Technology, Toshiba, etc. In terms of revenue, the global two largest companies occupied for a share nearly % in 2023.

This report presents a comprehensive overview, market shares, and growth opportunities of VSC Converters market by product type, application, key players and key regions and countries.

Segmentation by Type:
IGBT Module
IGCT Module

Segmentation by Application:
HVDC
Others

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

Segmentation by Type:
IGBT Module
IGCT Module

Segmentation by Application:
HVDC
Others

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.
Siemens Energy
Hitachi Energy
GE Vernova
NARI Technology
Toshiba
Rongxin Huiko Electric
XJ Electric
Hyosung Heavy Industries
XD Electric
TBEA
Sifang Automation
Mitsubishi Electric

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