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Global Wind Turbine Converters Market Research Report 2025
Synopsis
The wind turbine converter plays an important role in helping customers create the perfect wind economy. The selection of the right converter is critical in the turbine design and for a higher return on investment.
The global Wind Turbine Converters market was valued at US$ 559.1 million in 2023 and is anticipated to reach US$ 766 million by 2030, witnessing a CAGR of 4.6% during the forecast period 2024-2030.
According to the Global Wind Report 2023 released by the Global Wind Energy Council, by 2024, the newly installed capacity of global onshore wind power will exceed 100GW for the first time; by 2025, the newly installed capacity of global offshore wind power will also reach 25GW. In the next five years, the newly added grid-connected capacity of wind power will reach 680GW. The report also shows that the United States and Europe may experience a supply bottleneck of wind turbines and components in 2025. It recommends that national policymakers take immediate action to increase investment in supply chains to meet their rapid growth in demand and avoid supply chain bottlenecks hindering the development of wind power. In addition, according to Wood Mackenzie statistics, China is the largest and fastest-growing market for wind power generation in the world, accounting for more than half of the market share. Data from the National Energy Administration of China also shows that China's installed wind power capacity ranks first in the world, with a capacity of nearly 400 million kilowatts.
This report aims to provide a comprehensive presentation of the global market for Wind Turbine Converters, 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 Wind Turbine Converters.
Report Scope
The Wind Turbine Converters 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 Wind Turbine Converters 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 Wind Turbine Converters 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
Siemens
ABB
GE
Woodward
The Switch
Nissens
Polwind
Northern Power Systems
WINDLifeTM
Senvion
Vestas
Schneider Electric
Bonfiglioli
Emerson
Danfoss
KACO new energy
Yaskawa
Segment by Type
Grid-tie Converters
Off-grid Converters
Segment by Application
Centralized Wind Power
Distributed Wind Power
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
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 Wind Turbine Converters manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Wind Turbine Converters 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 Wind Turbine Converters 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.
The wind turbine converter plays an important role in helping customers create the perfect wind economy. The selection of the right converter is critical in the turbine design and for a higher return on investment.
The global Wind Turbine Converters market was valued at US$ 559.1 million in 2023 and is anticipated to reach US$ 766 million by 2030, witnessing a CAGR of 4.6% during the forecast period 2024-2030.
According to the Global Wind Report 2023 released by the Global Wind Energy Council, by 2024, the newly installed capacity of global onshore wind power will exceed 100GW for the first time; by 2025, the newly installed capacity of global offshore wind power will also reach 25GW. In the next five years, the newly added grid-connected capacity of wind power will reach 680GW. The report also shows that the United States and Europe may experience a supply bottleneck of wind turbines and components in 2025. It recommends that national policymakers take immediate action to increase investment in supply chains to meet their rapid growth in demand and avoid supply chain bottlenecks hindering the development of wind power. In addition, according to Wood Mackenzie statistics, China is the largest and fastest-growing market for wind power generation in the world, accounting for more than half of the market share. Data from the National Energy Administration of China also shows that China's installed wind power capacity ranks first in the world, with a capacity of nearly 400 million kilowatts.
This report aims to provide a comprehensive presentation of the global market for Wind Turbine Converters, 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 Wind Turbine Converters.
Report Scope
The Wind Turbine Converters 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 Wind Turbine Converters 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 Wind Turbine Converters 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
Siemens
ABB
GE
Woodward
The Switch
Nissens
Polwind
Northern Power Systems
WINDLifeTM
Senvion
Vestas
Schneider Electric
Bonfiglioli
Emerson
Danfoss
KACO new energy
Yaskawa
Segment by Type
Grid-tie Converters
Off-grid Converters
Segment by Application
Centralized Wind Power
Distributed Wind Power
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
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 Wind Turbine Converters manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Wind Turbine Converters 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 Wind Turbine Converters 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.
Index1 Wind Turbine Converters Market Overview
1.1 Product Definition
1.2 Wind Turbine Converters Segment by Type
1.2.1 Global Wind Turbine Converters Market Value Growth Rate Analysis by Type 2023 VS 2030
1.2.2 Grid-tie Converters
1.2.3 Off-grid Converters
1.3 Wind Turbine Converters Segment by Application
1.3.1 Global Wind Turbine Converters Market Value Growth Rate Analysis by Application: 2023 VS 2030
1.3.2 Centralized Wind Power
1.3.3 Distributed Wind Power
1.4 Global Market Growth Prospects
1.4.1 Global Wind Turbine Converters Production Value Estimates and Forecasts (2019-2030)
1.4.2 Global Wind Turbine Converters Production Capacity Estimates and Forecasts (2019-2030)
1.4.3 Global Wind Turbine Converters Production Estimates and Forecasts (2019-2030)
1.4.4 Global Wind Turbine Converters Market Average Price Estimates and Forecasts (2019-2030)
1.5 Assumptions and Limitations
2 Market Competition by Manufacturers
2.1 Global Wind Turbine Converters Production Market Share by Manufacturers (2019-2024)
2.2 Global Wind Turbine Converters Production Value Market Share by Manufacturers (2019-2024)
2.3 Global Key Players of Wind Turbine Converters, Industry Ranking, 2022 VS 2023 VS 2024
2.4 Global Wind Turbine Converters Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
2.5 Global Wind Turbine Converters Average Price by Manufacturers (2019-2024)
2.6 Global Key Manufacturers of Wind Turbine Converters, Manufacturing Base Distribution and Headquarters
2.7 Global Key Manufacturers of Wind Turbine Converters, Product Offered and Application
2.8 Global Key Manufacturers of Wind Turbine Converters, Date of Enter into This Industry
2.9 Wind Turbine Converters Market Competitive Situation and Trends
2.9.1 Wind Turbine Converters Market Concentration Rate
2.9.2 Global 5 and 10 Largest Wind Turbine Converters Players Market Share by Revenue
2.10 Mergers & Acquisitions, Expansion
3 Wind Turbine Converters Production by Region
3.1 Global Wind Turbine Converters Production Value Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.2 Global Wind Turbine Converters Production Value by Region (2019-2030)
3.2.1 Global Wind Turbine Converters Production Value Market Share by Region (2019-2024)
3.2.2 Global Forecasted Production Value of Wind Turbine Converters by Region (2025-2030)
3.3 Global Wind Turbine Converters Production Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.4 Global Wind Turbine Converters Production by Region (2019-2030)
3.4.1 Global Wind Turbine Converters Production Market Share by Region (2019-2024)
3.4.2 Global Forecasted Production of Wind Turbine Converters by Region (2025-2030)
3.5 Global Wind Turbine Converters Market Price Analysis by Region (2019-2024)
3.6 Global Wind Turbine Converters Production and Value, Year-over-Year Growth
3.6.1 North America Wind Turbine Converters Production Value Estimates and Forecasts (2019-2030)
3.6.2 Europe Wind Turbine Converters Production Value Estimates and Forecasts (2019-2030)
3.6.3 China Wind Turbine Converters Production Value Estimates and Forecasts (2019-2030)
3.6.4 Japan Wind Turbine Converters Production Value Estimates and Forecasts (2019-2030)
4 Wind Turbine Converters Consumption by Region
4.1 Global Wind Turbine Converters Consumption Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
4.2 Global Wind Turbine Converters Consumption by Region (2019-2030)
4.2.1 Global Wind Turbine Converters Consumption by Region (2019-2024)
4.2.2 Global Wind Turbine Converters Forecasted Consumption by Region (2025-2030)
4.3 North America
4.3.1 North America Wind Turbine Converters Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.3.2 North America Wind Turbine Converters Consumption by Country (2019-2030)
4.3.3 U.S.
4.3.4 Canada
4.4 Europe
4.4.1 Europe Wind Turbine Converters Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.4.2 Europe Wind Turbine Converters 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 Wind Turbine Converters Consumption Growth Rate by Region: 2019 VS 2023 VS 2030
4.5.2 Asia Pacific Wind Turbine Converters 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 Wind Turbine Converters Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.6.2 Latin America, Middle East & Africa Wind Turbine Converters Consumption by Country (2019-2030)
4.6.3 Mexico
4.6.4 Brazil
4.6.5 Turkey
5 Segment by Type
5.1 Global Wind Turbine Converters Production by Type (2019-2030)
5.1.1 Global Wind Turbine Converters Production by Type (2019-2024)
5.1.2 Global Wind Turbine Converters Production by Type (2025-2030)
5.1.3 Global Wind Turbine Converters Production Market Share by Type (2019-2030)
5.2 Global Wind Turbine Converters Production Value by Type (2019-2030)
5.2.1 Global Wind Turbine Converters Production Value by Type (2019-2024)
5.2.2 Global Wind Turbine Converters Production Value by Type (2025-2030)
5.2.3 Global Wind Turbine Converters Production Value Market Share by Type (2019-2030)
5.3 Global Wind Turbine Converters Price by Type (2019-2030)
6 Segment by Application
6.1 Global Wind Turbine Converters Production by Application (2019-2030)
6.1.1 Global Wind Turbine Converters Production by Application (2019-2024)
6.1.2 Global Wind Turbine Converters Production by Application (2025-2030)
6.1.3 Global Wind Turbine Converters Production Market Share by Application (2019-2030)
6.2 Global Wind Turbine Converters Production Value by Application (2019-2030)
6.2.1 Global Wind Turbine Converters Production Value by Application (2019-2024)
6.2.2 Global Wind Turbine Converters Production Value by Application (2025-2030)
6.2.3 Global Wind Turbine Converters Production Value Market Share by Application (2019-2030)
6.3 Global Wind Turbine Converters Price by Application (2019-2030)
7 Key Companies Profiled
7.1 Siemens
7.1.1 Siemens Wind Turbine Converters Corporation Information
7.1.2 Siemens Wind Turbine Converters Product Portfolio
7.1.3 Siemens Wind Turbine Converters Production, Value, Price and Gross Margin (2019-2024)
7.1.4 Siemens Main Business and Markets Served
7.1.5 Siemens Recent Developments/Updates
7.2 ABB
7.2.1 ABB Wind Turbine Converters Corporation Information
7.2.2 ABB Wind Turbine Converters Product Portfolio
7.2.3 ABB Wind Turbine Converters Production, Value, Price and Gross Margin (2019-2024)
7.2.4 ABB Main Business and Markets Served
7.2.5 ABB Recent Developments/Updates
7.3 GE
7.3.1 GE Wind Turbine Converters Corporation Information
7.3.2 GE Wind Turbine Converters Product Portfolio
7.3.3 GE Wind Turbine Converters Production, Value, Price and Gross Margin (2019-2024)
7.3.4 GE Main Business and Markets Served
7.3.5 GE Recent Developments/Updates
7.4 Woodward
7.4.1 Woodward Wind Turbine Converters Corporation Information
7.4.2 Woodward Wind Turbine Converters Product Portfolio
7.4.3 Woodward Wind Turbine Converters Production, Value, Price and Gross Margin (2019-2024)
7.4.4 Woodward Main Business and Markets Served
7.4.5 Woodward Recent Developments/Updates
7.5 The Switch
7.5.1 The Switch Wind Turbine Converters Corporation Information
7.5.2 The Switch Wind Turbine Converters Product Portfolio
7.5.3 The Switch Wind Turbine Converters Production, Value, Price and Gross Margin (2019-2024)
7.5.4 The Switch Main Business and Markets Served
7.5.5 The Switch Recent Developments/Updates
7.6 Nissens
7.6.1 Nissens Wind Turbine Converters Corporation Information
7.6.2 Nissens Wind Turbine Converters Product Portfolio
7.6.3 Nissens Wind Turbine Converters Production, Value, Price and Gross Margin (2019-2024)
7.6.4 Nissens Main Business and Markets Served
7.6.5 Nissens Recent Developments/Updates
7.7 Polwind
7.7.1 Polwind Wind Turbine Converters Corporation Information
7.7.2 Polwind Wind Turbine Converters Product Portfolio
7.7.3 Polwind Wind Turbine Converters Production, Value, Price and Gross Margin (2019-2024)
7.7.4 Polwind Main Business and Markets Served
7.7.5 Polwind Recent Developments/Updates
7.8 Northern Power Systems
7.8.1 Northern Power Systems Wind Turbine Converters Corporation Information
7.8.2 Northern Power Systems Wind Turbine Converters Product Portfolio
7.8.3 Northern Power Systems Wind Turbine Converters Production, Value, Price and Gross Margin (2019-2024)
7.8.4 Northern Power Systems Main Business and Markets Served
7.7.5 Northern Power Systems Recent Developments/Updates
7.9 WINDLifeTM
7.9.1 WINDLifeTM Wind Turbine Converters Corporation Information
7.9.2 WINDLifeTM Wind Turbine Converters Product Portfolio
7.9.3 WINDLifeTM Wind Turbine Converters Production, Value, Price and Gross Margin (2019-2024)
7.9.4 WINDLifeTM Main Business and Markets Served
7.9.5 WINDLifeTM Recent Developments/Updates
7.10 Senvion
7.10.1 Senvion Wind Turbine Converters Corporation Information
7.10.2 Senvion Wind Turbine Converters Product Portfolio
7.10.3 Senvion Wind Turbine Converters Production, Value, Price and Gross Margin (2019-2024)
7.10.4 Senvion Main Business and Markets Served
7.10.5 Senvion Recent Developments/Updates
7.11 Vestas
7.11.1 Vestas Wind Turbine Converters Corporation Information
7.11.2 Vestas Wind Turbine Converters Product Portfolio
7.11.3 Vestas Wind Turbine Converters Production, Value, Price and Gross Margin (2019-2024)
7.11.4 Vestas Main Business and Markets Served
7.11.5 Vestas Recent Developments/Updates
7.12 Schneider Electric
7.12.1 Schneider Electric Wind Turbine Converters Corporation Information
7.12.2 Schneider Electric Wind Turbine Converters Product Portfolio
7.12.3 Schneider Electric Wind Turbine Converters Production, Value, Price and Gross Margin (2019-2024)
7.12.4 Schneider Electric Main Business and Markets Served
7.12.5 Schneider Electric Recent Developments/Updates
7.13 Bonfiglioli
7.13.1 Bonfiglioli Wind Turbine Converters Corporation Information
7.13.2 Bonfiglioli Wind Turbine Converters Product Portfolio
7.13.3 Bonfiglioli Wind Turbine Converters Production, Value, Price and Gross Margin (2019-2024)
7.13.4 Bonfiglioli Main Business and Markets Served
7.13.5 Bonfiglioli Recent Developments/Updates
7.14 Emerson
7.14.1 Emerson Wind Turbine Converters Corporation Information
7.14.2 Emerson Wind Turbine Converters Product Portfolio
7.14.3 Emerson Wind Turbine Converters Production, Value, Price and Gross Margin (2019-2024)
7.14.4 Emerson Main Business and Markets Served
7.14.5 Emerson Recent Developments/Updates
7.15 Danfoss
7.15.1 Danfoss Wind Turbine Converters Corporation Information
7.15.2 Danfoss Wind Turbine Converters Product Portfolio
7.15.3 Danfoss Wind Turbine Converters Production, Value, Price and Gross Margin (2019-2024)
7.15.4 Danfoss Main Business and Markets Served
7.15.5 Danfoss Recent Developments/Updates
7.16 KACO new energy
7.16.1 KACO new energy Wind Turbine Converters Corporation Information
7.16.2 KACO new energy Wind Turbine Converters Product Portfolio
7.16.3 KACO new energy Wind Turbine Converters Production, Value, Price and Gross Margin (2019-2024)
7.16.4 KACO new energy Main Business and Markets Served
7.16.5 KACO new energy Recent Developments/Updates
7.17 Yaskawa
7.17.1 Yaskawa Wind Turbine Converters Corporation Information
7.17.2 Yaskawa Wind Turbine Converters Product Portfolio
7.17.3 Yaskawa Wind Turbine Converters Production, Value, Price and Gross Margin (2019-2024)
7.17.4 Yaskawa Main Business and Markets Served
7.17.5 Yaskawa Recent Developments/Updates
8 Industry Chain and Sales Channels Analysis
8.1 Wind Turbine Converters Industry Chain Analysis
8.2 Wind Turbine Converters Key Raw Materials
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.3 Wind Turbine Converters Production Mode & Process
8.4 Wind Turbine Converters Sales and Marketing
8.4.1 Wind Turbine Converters Sales Channels
8.4.2 Wind Turbine Converters Distributors
8.5 Wind Turbine Converters Customers
9 Wind Turbine Converters Market Dynamics
9.1 Wind Turbine Converters Industry Trends
9.2 Wind Turbine Converters Market Drivers
9.3 Wind Turbine Converters Market Challenges
9.4 Wind Turbine Converters 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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