Wind Power Converter Market - Global Industry Analysis 2014 - 2018 and Forecast, 2019 - 2029


Wind Power Converter  Market
  • To Be Published : Apr-2020 |
  • Status : Work in progress |
  • Format : Wind Power Converter  Market Wind Power Converter  Market Wind Power Converter  Market Wind Power Converter  Market

Introduction

The depleting natural resources such as coal and fossil fuels, among others, has further intensified the need to find an alternative route of power generation. The increasing awareness surrounding renewable sources of energy for power generation has put wind energy in the limelight. The process of generating electricity through wind energy is known as wind energy. The movement of wind turbines caused due to wind translates the kinetic energy of wind into the mechanical energy which is further utilized in electricity generation. The employment of wind power converter in the whole system is to facilitate the input AC power at a certain voltage and frequency to an output power at a desired voltage and frequency. With the increasing demand for wind power systems and upcoming maintenance activities for the existing infrastructure, the demand for wind power converter is anticipated to expand in tandem with it.

Wind Power Converter Market: Dynamics

Wind power converters adopt to the variable wind speed, further enhancing the efficiency of the wind power systems. The increasing installations of wind power systems across the globe is anticipated to play a prominent role in propelling the wind power converter market in the coming years. The opportunistic government schemes and subsidies are also opening up the doors in the wind energy value chain, thereby aiding the wind power converter marketplace. As the market for wind power converters is noted to remain directly influenced by new wind turbine installations, MRO as well as retrofit activities also play a significant role in the evolution of the market.

However, a certain level of restraining effect from the prominence of other renewable sources of energy such as solar energy and hydro energy are expected to cause a gentle setback in the global wind power converter market. Additionally, the procurement costs associated with the complex manufacturing processes of wind power converters are also another concerns in the global wind power converter market.

Wind Power Converter Market: Segmentation

The global wind power converter market can be segmented on the basis of technology, type, sales channel and application

On the basis of technology, the global wind power converter market can be segmented into:

  • Diode Rectifier Based Wind Power Converter
  • Back to Back Wind Power Converter
  • Matrix Wind Power Converter
  • Z­ – Source Wind Power Converter
  • Cycloconverter
  • Multilevel Wind Power Converter

On the basis of type, the global wind power converter market can be segmented into:

  • Partial Wind Power Converter
  • Full Wind Power Converter
  • Doubly Fed Wind Power Converter

On the basis of sales channel, the global wind power converter market can be segmented into:

  • Direct Sales / Original Equipment Manufacturer (OEM)
  • Indirect Sales / Aftermarket

On the basis of application, the global wind power converter market can be segmented into:

  • Onshore
  • Offshore

Wind Power Converter Market: Regional Outlook

On a regional front, China-led East Asia is anticipated to remain one of the prominent markets for the wind power converter. With its significantly large scale installed wind power capacity of nearly 217 Gigawatt, as of 2018, the countries of East Asia are also noted to largely demand the new installations of wind power. This rapid growth can be attributed to the rising concerns surrounding environment protection and utilization of renewable resources. Following East Asia, the North America wind power converter market is expected to create significant opportunities for the manufacturers operating in the region. This is due to the optimistic support from the government and legislative authorities that facilitate the inclination towards renewable sources of energy, particularly wind power. Countries in Europe such as Germany, United Kingdom and France, among others, are noted to remain in the forefront to create substantial volumetric demand in the wind power converter market. Furthermore, considering the economics of wind power, the countries in South Asia are also noted to upscale the national wind power capacities, further gaining significant momentum in the wind power converter market. Additionally, countries like Kenya and Brazil are rapidly moving towards upgrading its electrification infrastructure and are expected to pose a strong demand in the wind power converter market.

Some of the market participants in the global wind power converter market identified across the value chain include Seimens AG, ABB Ltd, General Electric Company, Schneider Electric SE, Ingeteam Corporación, S.A., Fuji Electric Co., Ltd., American Superconductor Corp, Shenzhen Hopewind Electric Co., Ltd., Delta Electronics, Inc, and WOODWARD INC, among others.

The Wind Power Converter research report presents a comprehensive assessment of the Wind Power Converter market and contains thoughtful insights, facts, historical data and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The Wind Power Converter research report provides analysis and information according to market segments such as geographies, scaffold type, position, number of points and number of tiers.

The Wind Power Converter report covers exhaustive analysis on:

  • Wind Power Converter Market Segments
  • Wind Power Converter Market Dynamics
  • Wind Power Converter Market Size
  • Wind Power Converter Market Supply & Demand Scenario
  • Wind Power Converter Market Current Trends/Issues/Challenges
  • Wind Power Converter Market Competition & Companies Involved
  • Wind Power Converter Market Value Chain

Regional Analysis for Wind Power Converter Market includes:

  • North America (U.S., Canada)
  • Latin America (Mexico, Brazil, Argentina, Chile, Peru)
  • Europe (Germany, Italy, France, U.K, Spain, BENELUX, Nordic, Eastern Europe)
  • South Asia (India, Thailand, Malaysia, Indonesia, Philippines, Rest of South Asia)
  • East Asia (Japan, China, South Korea)
  • Oceania (Australia, New Zealand)
  • Middle East and Africa (GCC Countries, South Africa, Turkey, Iran, Israel)

The Wind Power Converter report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The Wind Power Converter report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The Wind Power Converter report also maps the qualitative impact of various market factors on market segments and geographies.

Wind Power Converter Report Highlights:          

  • Detailed overview of parent market
  • Changing Wind Power Converter market dynamics in the industry
  • In-depth Wind Power Converter market segmentation
  • Historical, current and projected Wind Power Converter market size in terms of volume and value
  • Recent industry trends and developments
  • Competitive landscape
  • Strategies of key players and products offered
  • Potential and niche segments, geographical regions exhibiting promising growth
  • A neutral perspective on market performance
  • Must-have information for Wind Power Converter market players to sustain and enhance their market footprint

Wind Power Converter Market

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