Global Wind Power Converter Market Size study, by Type (Partial Converter, Full Converter) by Application (Onshore, Offshore) and Regional Forecasts 2020-2027

  • Product Code:
    RP-ID-10326769
  • Published Date:
    31 Jul 2020
  • Region:
    Global
  • Pages:
    200
  • Category:
    Energy & Power
  • Publisher:
    Pub-ID-14

Impact Analysis on the Growth of Market

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Global Wind Power Converter Market is valued approximately at USD XXX billion in 2019 and is anticipated to grow with a healthy growth rate of more than XX % over the forecast period 2020-2027. The Wind power Converter systems are used to adjust the generator frequency and voltage of the wind turbine generator according to the requirement of the electrical grid. These converters consist of line filters and transformers to improve the power quality and step-up the voltage level. The market growth is primarily driven by rising implementation of wind turbine projects across various regions of the world. Additionally, growing demand for power generation in emerging regions is further likely to propel the demand for wind power converters in these regions. For Instance: in June 2020, Vestas, a Danish wind turbine manufacturer secured a supply order of 226 MW to Russia. As per the contract, the company will supply its V126-4.2MW wind turbines to 5 wind farms which are to be built in Russia. Further, the rising investments from public and private sector to aid the implementation of renewable sources of energy fuels the market growth. According to International energy association, the global energy investment for energy efficiency in 2017 was USD 236 billion and the global investment in the power sector was USD 750 billion. While the corporate investments in the new energy technology companies amounted to more than 6 billion in 2017. Moreover according to a joint study by Paris based International energy agency and Council on energy, environment and Water, the green energy investments in India doubled in five years to USD 20 billion in 2018. However, higher initial investment requirements and availability of alternative energy sources impedes the growth of the market over the forecast period of 2020-2027. Although, tremendous research in order to develop new products to increase the efficiency presents a lucrative opportunity for the market.

The regional analysis of global Wind Power Converter market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the growing awareness for renewable energy and supporting government norms and subsidiaries. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027. Factors such as rising demand for power along with swelling investments in the Wind power generation would create lucrative growth prospects for the Wind Power Converter market across Asia-Pacific region.

Major market player included in this report are:
ABB Ltd.
American Superconductor AMSC
Beijing Etechwin Electric Co., Ltd.
Emerson Electric Co.
Enercon GmbH
General Electric Company
NARI Technology Development Limited Company
REnergy Electric Tianjin Ltd.
Schneider Electric SE
Siemens Gamesa Renewable Energy S.A.

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Type:
Partial Converter
Full Converter
By Application:
Onshore
Offshore

By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027

Target Audience of the Global Wind Power Converter Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors
Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2018-2027 (USD Billion)
1.2.1. Wind Power Converter Market, by Region, 2018-2027 (USD Billion)
1.2.2. Wind Power Converter Market, by Type, 2018-2027 (USD Billion)
1.2.3. Wind Power Converter Market, by Application, 2018-2027 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Wind Power Converter Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Wind Power Converter Market Dynamics
3.1. Wind Power Converter Market Impact Analysis (2018-2027)
3.1.1. Market Drivers
3.1.2. Market Challenges
3.1.3. Market Opportunities
Chapter 4. Global Wind Power Converter Market: Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2017-2027)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Wind Power Converter Market, by Type
5.1. Market Snapshot
5.2. Global Wind Power Converter Market by Type, Performance - Potential Analysis
5.3. Global Wind Power Converter Market Estimates & Forecasts by Type 2017-2027 (USD Billion)
5.4. Wind Power Converter Market, Sub Segment Analysis
5.4.1. Partial Converter
5.4.2. Full Converter
Chapter 6. Global Wind Power Converter Market, by Application
6.1. Market Snapshot
6.2. Global Wind Power Converter Market by Application, Performance - Potential Analysis
6.3. Global Wind Power Converter Market Estimates & Forecasts by Application 2017-2027 (USD Billion)
6.4. Wind Power Converter Market, Sub Segment Analysis
6.4.1. Onshore
6.4.2. Offshore
Chapter 7. Global Wind Power Converter Market, Regional Analysis
7.1. Wind Power Converter Market, Regional Market Snapshot
7.2. North America Wind Power Converter Market
7.2.1. U.S. Wind Power Converter Market
7.2.1.1. Type breakdown estimates & forecasts, 2017-2027
7.2.1.2. Application breakdown estimates & forecasts, 2017-2027
7.2.2. Canada Wind Power Converter Market
7.3. Europe Wind Power Converter Market Snapshot
7.3.1. U.K. Wind Power Converter Market
7.3.2. Germany Wind Power Converter Market
7.3.3. France Wind Power Converter Market
7.3.4. Spain Wind Power Converter Market
7.3.5. Italy Wind Power Converter Market
7.3.6. Rest of Europe Wind Power Converter Market
7.4. Asia-Pacific Wind Power Converter Market Snapshot
7.4.1. China Wind Power Converter Market
7.4.2. India Wind Power Converter Market
7.4.3. Japan Wind Power Converter Market
7.4.4. Australia Wind Power Converter Market
7.4.5. South Korea Wind Power Converter Market
7.4.6. Rest of Asia Pacific Wind Power Converter Market
7.5. Latin America Wind Power Converter Market Snapshot
7.5.1. Brazil Wind Power Converter Market
7.5.2. Mexico Wind Power Converter Market
7.6. Rest of The World Wind Power Converter Market

Chapter 8. Competitive Intelligence
8.1. Top Market Strategies
8.2. Company Profiles
8.2.1. ABB Ltd
8.2.1.1. Key Information
8.2.1.2. Overview
8.2.1.3. Financial (Subject to Data Availability)
8.2.1.4. Product Summary
8.2.1.5. Recent Developments
8.2.2. American Superconductor AMSC
8.2.3. Beijing Etechwin Electric Co., Ltd.
8.2.4. Emerson Electric Co.
8.2.5. Enercon GmbH
8.2.6. General Electric Company
8.2.7. NARI Technology Development Limited Company
8.2.8. REnergy Electric Tianjin Ltd.
8.2.9. Schneider Electric SE
8.2.10. Siemens Gamesa Renewable Energy S.A.
Chapter 9. Research Process
9.1. Research Process
9.1.1. Data Mining
9.1.2. Analysis
9.1.3. Market Estimation
9.1.4. Validation
9.1.5. Publishing
9.2. Research Attributes
9.3. Research Assumption
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ABB Ltd.
American Superconductor AMSC
Beijing Etechwin Electric Co., Ltd.
Emerson Electric Co.
Enercon GmbH
General Electric Company
NARI Technology Development Limited Company
REnergy Electric Tianjin Ltd.
Schneider Electric SE
Siemens Gamesa Renewable Energy S.A.
Please enter your personal details below
*
I want to buy this report
I am willing to know the scope of research
I have customized query over this report

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