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Synopsis
Matrix Converter is defined as a converter with a single stage of conversion. It utilizes bidirectional controlled switch to achieve automatic conversion of power from AC to AC. It provides an alternative to PWM voltage rectifier doublesided.
Currently, only Yaskawa and Fuji Electric have commercially produced Matrix Converter products. Manufacturers like ABB believe that the MC technology is attractive, but it requires more research before it can be fully explored for industrial applications.
The global Matrix Converter market was valued at US$ 603 million in 2023 and is anticipated to reach US$ 783.2 million by 2030, witnessing a CAGR of 4.0% during the forecast period 2024-2030.
In the global market, the core manufacturers of Matrix Converters are Yaskawa and Fuji Electric, with the top two companies in the industry accounting for more than 99% of the market share. North America, Europe, Japan, and China are the main production regions for this product, and they all occupy about 20% of the global market share. The product is categorised into low voltage converters and medium voltage converters based on the product type. The products are widely used in general machinery, HVAC and compressors, cranes and hoists, pumps and fans, oil and gas, new energy and other industries.
This report aims to provide a comprehensive presentation of the global market for Matrix Converter, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Matrix Converter.
Report Scope
The Matrix Converter market size, estimations, and forecasts are provided in terms of output/shipments (K Units) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Matrix Converter market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Matrix Converter manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
- Yaskawa
- Fuji Electric
Segment by Type
- Low Voltage Converter
- Medium Voltage Converter
Segment by Application
- General-purpose Machinery
- HVAC and Compressors
- Cranes and Hoists
- Pumps and Fans
- Oil & gas
- New Energy
- Others
Production by Region
- North America
- Europe
- China
- Japan
Consumption by Region
- North America (United States, Canada)
- Europe (Germany, France, U.K., Italy, Netherlands)
- Asia-Pacific (China, Japan, South Korea, China Taiwan, Southeast Asia, India)
- Latin America, Middle East & Africa (Latin America, Mexico, Brazil, Turkey)
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of Matrix Converter manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Matrix Converter by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption of Matrix Converter in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 5: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 6: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: The main points and conclusions of the report.
Index
1 Matrix Converter Market Overview
1.1 Product Definition
1.2 Matrix Converter Segment by Type
1.2.1 Global Matrix Converter Market Value Growth Rate Analysis by Type 2023 VS 2030
1.2.2 Low Voltage Converter
1.2.3 Medium Voltage Converter
1.3 Matrix Converter Segment by Application
1.3.1 Global Matrix Converter Market Value Growth Rate Analysis by Application: 2023 VS 2030
1.3.2 General-purpose Machinery
1.3.3 HVAC and Compressors
1.3.4 Cranes and Hoists
1.3.5 Pumps and Fans
1.3.6 Oil & gas
1.3.7 New Energy
1.3.8 Others
1.4 Global Market Growth Prospects
1.4.1 Global Matrix Converter Production Value Estimates and Forecasts (2019-2030)
1.4.2 Global Matrix Converter Production Capacity Estimates and Forecasts (2019-2030)
1.4.3 Global Matrix Converter Production Estimates and Forecasts (2019-2030)
1.4.4 Global Matrix Converter Market Average Price Estimates and Forecasts (2019-2030)
1.5 Assumptions and Limitations
2 Market Competition by Manufacturers
2.1 Global Matrix Converter Production Market Share by Manufacturers (2019-2024)
2.2 Global Matrix Converter Production Value Market Share by Manufacturers (2019-2024)
2.3 Global Key Players of Matrix Converter, Industry Ranking, 2022 VS 2023 VS 2024
2.4 Global Matrix Converter Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
2.5 Global Matrix Converter Average Price by Manufacturers (2019-2024)
2.6 Global Key Manufacturers of Matrix Converter, Manufacturing Base Distribution and Headquarters
2.7 Global Key Manufacturers of Matrix Converter, Product Offered and Application
2.8 Global Key Manufacturers of Matrix Converter, Date of Enter into This Industry
2.9 Matrix Converter Market Competitive Situation and Trends
2.9.1 Matrix Converter Market Concentration Rate
2.9.2 Global 5 and 10 Largest Matrix Converter Players Market Share by Revenue
2.10 Mergers & Acquisitions, Expansion
3 Matrix Converter Production by Region
3.1 Global Matrix Converter Production Value Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.2 Global Matrix Converter Production Value by Region (2019-2030)
3.2.1 Global Matrix Converter Production Value Market Share by Region (2019-2024)
3.2.2 Global Forecasted Production Value of Matrix Converter by Region (2025-2030)
3.3 Global Matrix Converter Production Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.4 Global Matrix Converter Production by Region (2019-2030)
3.4.1 Global Matrix Converter Production Market Share by Region (2019-2024)
3.4.2 Global Forecasted Production of Matrix Converter by Region (2025-2030)
3.5 Global Matrix Converter Market Price Analysis by Region (2019-2024)
3.6 Global Matrix Converter Production and Value, Year-over-Year Growth
3.6.1 North America Matrix Converter Production Value Estimates and Forecasts (2019-2030)
3.6.2 Europe Matrix Converter Production Value Estimates and Forecasts (2019-2030)
3.6.3 China Matrix Converter Production Value Estimates and Forecasts (2019-2030)
3.6.4 Japan Matrix Converter Production Value Estimates and Forecasts (2019-2030)
4 Matrix Converter Consumption by Region
4.1 Global Matrix Converter Consumption Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
4.2 Global Matrix Converter Consumption by Region (2019-2030)
4.2.1 Global Matrix Converter Consumption by Region (2019-2024)
4.2.2 Global Matrix Converter Forecasted Consumption by Region (2025-2030)
4.3 North America
4.3.1 North America Matrix Converter Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.3.2 North America Matrix Converter Consumption by Country (2019-2030)
4.3.3 United States
4.3.4 Canada
4.4 Europe
4.4.1 Europe Matrix Converter Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.4.2 Europe Matrix Converter Consumption by Country (2019-2030)
4.4.3 Germany
4.4.4 France
4.4.5 U.K.
4.4.6 Italy
4.4.7 Russia
4.5 Asia Pacific
4.5.1 Asia Pacific Matrix Converter Consumption Growth Rate by Region: 2019 VS 2023 VS 2030
4.5.2 Asia Pacific Matrix Converter Consumption by Region (2019-2030)
4.5.3 China
4.5.4 Japan
4.5.5 South Korea
4.5.6 China Taiwan
4.5.7 Southeast Asia
4.5.8 India
4.6 Latin America, Middle East & Africa
4.6.1 Latin America, Middle East & Africa Matrix Converter Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.6.2 Latin America, Middle East & Africa Matrix Converter Consumption by Country (2019-2030)
4.6.3 Mexico
4.6.4 Brazil
4.6.5 Turkey
5 Segment by Type
5.1 Global Matrix Converter Production by Type (2019-2030)
5.1.1 Global Matrix Converter Production by Type (2019-2024)
5.1.2 Global Matrix Converter Production by Type (2025-2030)
5.1.3 Global Matrix Converter Production Market Share by Type (2019-2030)
5.2 Global Matrix Converter Production Value by Type (2019-2030)
5.2.1 Global Matrix Converter Production Value by Type (2019-2024)
5.2.2 Global Matrix Converter Production Value by Type (2025-2030)
5.2.3 Global Matrix Converter Production Value Market Share by Type (2019-2030)
5.3 Global Matrix Converter Price by Type (2019-2030)
6 Segment by Application
6.1 Global Matrix Converter Production by Application (2019-2030)
6.1.1 Global Matrix Converter Production by Application (2019-2024)
6.1.2 Global Matrix Converter Production by Application (2025-2030)
6.1.3 Global Matrix Converter Production Market Share by Application (2019-2030)
6.2 Global Matrix Converter Production Value by Application (2019-2030)
6.2.1 Global Matrix Converter Production Value by Application (2019-2024)
6.2.2 Global Matrix Converter Production Value by Application (2025-2030)
6.2.3 Global Matrix Converter Production Value Market Share by Application (2019-2030)
6.3 Global Matrix Converter Price by Application (2019-2030)
7 Key Companies Profiled
7.1 Yaskawa
7.1.1 Yaskawa Matrix Converter Corporation Information
7.1.2 Yaskawa Matrix Converter Product Portfolio
7.1.3 Yaskawa Matrix Converter Production, Value, Price and Gross Margin (2019-2024)
7.1.4 Yaskawa Main Business and Markets Served
7.1.5 Yaskawa Recent Developments/Updates
7.2 Fuji Electric
7.2.1 Fuji Electric Matrix Converter Corporation Information
7.2.2 Fuji Electric Matrix Converter Product Portfolio
7.2.3 Fuji Electric Matrix Converter Production, Value, Price and Gross Margin (2019-2024)
7.2.4 Fuji Electric Main Business and Markets Served
7.2.5 Fuji Electric Recent Developments/Updates
8 Industry Chain and Sales Channels Analysis
8.1 Matrix Converter Industry Chain Analysis
8.2 Matrix Converter Key Raw Materials
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.3 Matrix Converter Production Mode & Process
8.4 Matrix Converter Sales and Marketing
8.4.1 Matrix Converter Sales Channels
8.4.2 Matrix Converter Distributors
8.5 Matrix Converter Customers
9 Matrix Converter Market Dynamics
9.1 Matrix Converter Industry Trends
9.2 Matrix Converter Market Drivers
9.3 Matrix Converter Market Challenges
9.4 Matrix Converter Market Restraints
10 Research Finding and Conclusion
11 Methodology and Data Source
11.1 Methodology/Research Approach
11.1.1 Research Programs/Design
11.1.2 Market Size Estimation
11.1.3 Market Breakdown and Data Triangulation
11.2 Data Source
11.2.1 Secondary Sources
11.2.2 Primary Sources
11.3 Author List
11.4 Disclaimer
Published By : QY Research
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