|
Forecast Period
|
2026-2030
|
|
Market Size (2024)
|
USD 6.69 billion
|
|
Market Size (2030)
|
USD 11.69 billion
|
|
CAGR (2025-2030)
|
9.58%
|
|
Fastest Growing Segment
|
Offshore Wind Farms
|
|
Largest Market
|
Asia Pacific
|
Market
Overview
Global
Wind
Power Converter System Market was valued at USD 6.69 billion in 2024
and is expected to reach USD 11.69 billion by 2030 with a CAGR of 9.58% during
the forecast period.
The Wind Power
Converter System Market refers to the industry focused on the development,
production, and deployment of power conversion technologies used in wind energy
generation. These systems play a crucial role in converting the variable
frequency and voltage output of wind turbines into a stable and grid-compatible
form of electrical power. A wind power converter system typically consists of
components such as converters, controllers, and transformers, which ensure
efficient energy transmission, enhance the reliability of wind turbines, and
facilitate integration with utility grids.
As the global
energy landscape transitions away from fossil fuels, the demand for wind power
has surged, driven by national decarbonization commitments, international
climate agreements, and policies that promote clean energy. This shift is
significantly contributing to the rise of the wind power converter system
market. The adoption of offshore and onshore wind farms has accelerated across
major regions, particularly in North America, Europe, and the Asia Pacific,
creating robust demand for advanced converter systems that ensure high energy
efficiency and reduce maintenance costs.
Technological
advancements in power electronics, such as the development of high-voltage
direct current systems and modular multilevel converters, are also boosting
market growth by offering improved performance and grid stability.
Additionally, governments and energy agencies worldwide are offering financial
incentives, feed-in tariffs, and renewable energy certificates to encourage the
deployment of wind power infrastructure, which further drives investments in
power converter systems. The market is expected to grow significantly over the
coming years, supported by increasing turbine installations, expanding offshore
projects, and a strong focus on grid modernization.
Moreover, the
integration of digital technologies, including remote monitoring and predictive
maintenance enabled by artificial intelligence and Internet of Things, is
enhancing operational efficiency and optimizing energy output, thereby
improving the value proposition of wind power converter systems. As energy
security and carbon neutrality gain prominence globally, the wind power
converter system market is well-positioned for robust expansion during the
forecast period.
Key Market Drivers
Escalating Global Demand
for Renewable Energy
The surging global demand
for renewable energy is a primary driver for the Wind Power Converter System
Market, as nations strive to meet climate goals and reduce carbon emissions.
Wind power, a key renewable source, relies on converter systems to transform
variable wind turbine output into stable electricity for grid integration. With
commitments like the Paris Agreement, governments are incentivizing wind energy
expansion through subsidies and renewable portfolio standards, boosting demand
for advanced converter systems.
These systems ensure
efficient power conversion, maximizing energy yield and grid reliability. The
rise in offshore and onshore wind projects, particularly in regions like
Europe, Asia-Pacific, and North America, underscores the need for robust
converters capable of handling high-capacity turbines. Urbanization and
industrial growth further amplify electricity demand, positioning wind power as
a sustainable solution.
Converter systems, equipped
with advanced electronics and grid synchronization capabilities, are critical
for integrating wind energy into diverse grid infrastructures. As global energy
policies prioritize decarbonization, the Wind Power Converter System Market is
experiencing significant growth, driven by the need for reliable, efficient,
and scalable solutions to support the expanding wind energy sector.
In 2023, global wind power
capacity reached 906 gigawatts, contributing 7.8% to electricity production,
per the International Renewable Energy Agency. Wind power converters supported
95% of this capacity, enabling 2,100 terawatt-hours of generation. Europe added
19 gigawatts of wind capacity, with converters ensuring 98% grid compatibility.
In Asia-Pacific, 12,000 new turbines with advanced converters generated 500
terawatt-hours, powering 125 million households annually.
Technological Advancements
in Power Electronics
Technological advancements
in power electronics are significantly driving the Wind Power Converter System
Market by enhancing efficiency, reliability, and adaptability of converter
systems. Innovations such as insulated-gate bipolar transistors (IGBTs), silicon
carbide (SiC) semiconductors, and advanced control algorithms improve power
conversion efficiency and reduce energy losses by up to 20%. These technologies
enable converters to handle higher voltages and frequencies, supporting
next-generation wind turbines with capacities exceeding 15 megawatts.
Digital control systems,
including AI-driven predictive maintenance and real-time monitoring, optimize
performance and minimize downtime, critical for offshore wind farms where
maintenance is costly. Modular converter designs facilitate scalability and easy
integration with diverse turbine types, from small onshore units to large
offshore systems.
Additionally, advancements
in cooling systems and thermal management extend converter lifespans in harsh
environmental conditions. These innovations reduce the levelized cost of wind
energy, making it more competitive with fossil fuels. As wind turbine manufacturers
and grid operators demand high-performance solutions, ongoing R&D
investments are propelling the adoption of cutting-edge converter systems,
driving market growth across global wind energy markets.
In 2022, SiC-based
converters improved efficiency by 15%, saving 300 gigawatt-hours globally, per
the U.S. Department of Energy. Digital control systems in 5,000 converters
reduced downtime by 25%, boosting output by 200 terawatt-hours. In Europe,
3,000 new converters with IGBTs supported 10 gigawatts of offshore wind
capacity in 2023, generating 40 terawatt-hours, enough to power 10 million
homes annually, with a 10% reduction in energy losses.
Supportive Government
Policies and Incentives
Government policies and
financial incentives are pivotal in propelling the Wind Power Converter System
Market, as they foster investment in wind energy infrastructure. Many countries
offer tax credits, feed-in tariffs, and grants to support wind farm development,
indirectly boosting demand for converter systems. For instance, the European
Union’s Green Deal and China’s renewable energy targets drive significant wind
capacity additions, requiring advanced converters for grid stability.
Regulatory frameworks promoting grid modernization ensure converters meet
stringent standards for power quality and reliability.
In emerging markets like
India and Brazil, government-backed renewable energy auctions are spurring wind
project investments, necessitating efficient converter systems to handle
variable turbine outputs. These policies reduce financial risks for developers,
encouraging adoption of high-capacity converters for large-scale projects.
Additionally, international
collaborations, such as the Global Wind Energy Council’s initiatives, promote
technology transfer and standardization, further supporting market growth. By
providing clear regulatory pathways and financial support, governments are
enabling the Wind Power Converter System Market to expand, aligning with global
efforts to transition to clean energy systems.
In 2023, global wind energy
investments reached USD 195 billion, with 20% supporting converter systems, per
the International Energy Agency. Europe’s Green Deal funded 15 gigawatts of
wind projects, requiring 2,500 converters, generating 60 terawatt-hours. In
Asia, 8,000 new converters in 2022 supported 12 gigawatts of capacity, powering
3 million homes. Government incentives in India added 5 gigawatts, with
converters enabling 20 terawatt-hours annually.
Expansion of Offshore Wind
Energy Projects
The rapid expansion of
offshore wind energy projects is a significant driver for the Wind Power
Converter System Market, as these projects require specialized converters to
manage high-capacity turbines and complex grid connections. Offshore wind
farms, benefiting from stronger and more consistent wind speeds, are growing in
regions like Europe, China, and the U.S., with projects exceeding 10 gigawatts
in capacity. Converter systems are critical for ensuring stable power
transmission over long distances to shore, addressing challenges like voltage
fluctuations and grid synchronization.
Advanced converters,
designed for harsh marine environments, incorporate corrosion-resistant
materials and enhanced cooling systems to ensure reliability. The scalability
of offshore turbines, often exceeding 15 megawatts, demands high-power
converters with robust fault-ride-through capabilities to maintain grid
stability. Government investments and international partnerships, such as the
UK’s Offshore Wind Sector Deal, are accelerating project development, driving
demand for specialized converters. As offshore wind becomes a cornerstone of
global renewable energy strategies, the need for efficient, durable, and
high-capacity converter systems is fueling market growth, particularly in
coastal regions with ambitious renewable targets.
In 2023, global offshore
wind capacity reached 64 gigawatts, with converters enabling 95% of grid
integration, per the Global Wind Energy Council. Europe’s 30 gigawatts of
offshore projects used 1,500 converters, generating 120 terawatt-hours,
powering 30 million homes. China added 5 gigawatts, with converters supporting
20 terawatt-hours annually. In 2022, 500 new offshore converters reduced
transmission losses by 10%, saving 50 gigawatt-hours globally.
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Key Market Challenges
High Initial Investment and
Lifecycle Cost Pressures
The Wind Power Converter
System Market is significantly challenged by the high capital investment and
total lifecycle costs associated with converter infrastructure. Power
converters especially full-converter and modular multilevel topologies are
critical, yet expensive components within wind turbine systems. The
procurement, integration, and commissioning of such converters represent
substantial upfront expenditures that weigh heavily on developers and
utilities.
Beyond initial procurement,
these systems demand ongoing maintenance, periodic reconditioning, and eventual
replacement due to electrical stress and wear on components such as
insulated-gate bipolar transistors (IGBTs) and capacitors. Furthermore, the need
for robust cooling, redundant fail-safe mechanisms, and grid synchronization
controls contributes to both complexity and cost. While wind energy continues
to decline in per-megawatt installed cost, the requirement for high-efficiency,
grid-compliant converter systems places sustained pressure on project budgets.
Even as offshore and
high-voltage direct current (HVDC)-ready converter systems become more
essential, their price points remain prohibitive for large-scale adoption in
evolving wind markets. The combination of substantial capital expenditure and
high lifecycle cost pushes developers to carefully evaluate trade-offs between
technology performance and economic feasibility. For emerging markets, this
economic challenge is amplified by lower financing capabilities and tighter
return-on-investment timelines.
Without mechanisms such as
leasing, performance-based incentives, or public financing schemes, the
financial barrier may deter uptake of advanced converter solutions. Until
economies of scale and manufacturing breakthroughs significantly reduce costs,
high investment thresholds will limit the accessibility and adoption of
state-of-the-art converter technologies, especially among mid-sized and
independent power producers.
Grid Integration Complexity
and Regulatory Navigation
A critical challenge for
the Wind Power Converter System Market lies in navigating the technical and
regulatory complexities of grid integration. As national power networks evolve
to accommodate variable renewable energy, grid codes and interconnection requirements
become increasingly stringent. Converter systems must comply with diverse and
evolving standards—such as low-voltage ride‑through behavior, reactive
power support, frequency stabilization, harmonic distortion limits, and
synchronization protocols.
These requirements differ
significantly across jurisdictions and utility territories, necessitating
bespoke tuning, customization, and certification of converter systems for each
deployment. The lack of global standardization means device manufacturers and
system integrators face extensive testing, validation, and documentation
burdens, which extend project timelines and raise regulatory compliance costs.
Additionally, grid operators may impose real-time performance monitoring and
dynamic control mandates that require integration of converter systems with
supervisory control and data acquisition platforms.
These operational
complexities transform converter procurement into a multidisciplinary
challenge, spanning power electronics, control engineering, and regulatory
affairs. For offshore projects, additional obligations—such as black-start
capability, fault ride-through under storm or sub-sea cable fault conditions,
and synchronization with energy storage or HVDC links—add further layers of
complexity. The inability to seamlessly meet grid integration demands can
result in delayed or denied project approvals, curtailment of energy output, or
penalties. To address this challenge, converter suppliers must maintain
multi-regional compliance expertise and invest heavily in pre-certification
testing, custom firmware development, and ongoing performance support—costs
that are ultimately passed along to project developers and utilities.
Key Market Trends
Integration of Modular and
Scalable Power Converter Architectures
The Wind Power Converter
System Market is witnessing a transformative trend toward modular and scalable
power converter architectures. This trend is largely driven by the increasing
demand for flexible and customizable systems capable of supporting diverse wind
turbine capacities, from onshore small-scale setups to large offshore
installations. Manufacturers are progressively adopting modular configurations
that allow for simplified maintenance, easier upgrades, and cost-effective
scalability, thereby offering utilities and energy producers improved
operational reliability and reduced lifecycle costs.
Modular systems provide
enhanced fault tolerance, as individual modules can be isolated or replaced
without disrupting the entire system. This is especially critical in remote and
offshore wind farms where accessibility and weather conditions pose operational
challenges. Furthermore, scalable designs enable wind farm developers to plan
for future capacity expansion without requiring a complete overhaul of their
power conversion infrastructure. This results in better investment planning and
asset utilization over time.
In addition to flexibility,
modular converter systems align with broader trends in digitalization and smart
grid integration. These systems are increasingly embedded with monitoring and
control technologies that allow for real-time diagnostics, adaptive voltage
control, and efficient load balancing. As a result, grid operators benefit from
enhanced power quality and dynamic grid support, which are essential in regions
with high renewable energy penetration.
Several industry
participants are investing in research and development to further optimize
modular converter platforms with energy storage integration and predictive
maintenance capabilities. These advancements are expected to support
future-proofing strategies among developers and utilities, especially in
markets like North America and Europe where aging wind infrastructure requires
modernization.
As global investments in
renewable energy accelerate, modular and scalable converter systems are set to
become a central component of next-generation wind power projects, reinforcing
this trend as a strategic lever for competitive advantage and long-term
efficiency.
Emphasis on Grid Code
Compliance and Power Quality Enhancement
The Wind Power Converter
System Market is increasingly influenced by the evolving landscape of grid code
requirements, particularly in regions experiencing high renewable energy
penetration. Governments and grid operators are introducing more stringent regulations
to ensure that variable wind energy sources do not compromise grid stability.
Consequently, wind power converter systems are being designed with advanced
grid support functionalities, such as fault ride-through capability, reactive
power compensation, and harmonic mitigation.
This trend underscores a
growing emphasis on the dual role of converter systems—not only as interfaces
between turbines and the grid but also as critical enablers of grid compliance
and power quality. The shift is particularly evident in Europe, where countries
like Germany and the United Kingdom are updating their regulatory frameworks to
accommodate increased wind energy contribution. In response, equipment
manufacturers are prioritizing the development of converters that can
dynamically adjust to grid disturbances and frequency variations.
Grid-friendly converter
designs help stabilize power supply by mitigating voltage sags, flickers, and
harmonics, thereby ensuring continuous and quality energy flow. These systems
also facilitate seamless integration with hybrid energy setups, which may include
solar power or energy storage systems. This integration is vital for
decentralized energy networks and microgrid applications where grid reliability
is paramount.
In emerging economies, such
as India and Brazil, the trend is being driven by ambitious renewable energy
targets and the modernization of aging grid infrastructure. These markets are
demanding high-performance converters that can meet diverse voltage levels and
withstand challenging environmental conditions.
In the long run, converters
that align with international grid codes and promote power quality assurance
will gain a competitive edge in securing government approvals and large-scale
wind energy contracts. As energy systems become more digitized and decentralized,
the ability to meet strict grid compliance standards will not only be a
regulatory requirement but also a critical performance differentiator in the
Wind Power Converter System Market.
Rising Adoption of Silicon
Carbide and Gallium Nitride Semiconductor Technologies
A significant trend shaping
the Wind Power Converter System Market is the increasing adoption of advanced
semiconductor materials such as Silicon Carbide and Gallium Nitride. These wide
bandgap semiconductors offer superior efficiency, higher power density, and
better thermal performance compared to traditional silicon-based components. As
wind turbines scale up in capacity, particularly in offshore environments, the
demand for compact, lightweight, and efficient converter systems is
escalating—making these materials highly attractive.
Silicon Carbide and Gallium
Nitride devices enable converters to operate at higher switching frequencies
with reduced energy losses, resulting in improved overall system efficiency.
This is particularly beneficial in offshore wind installations where space
constraints and harsh environmental conditions necessitate compact and robust
systems. Enhanced thermal conductivity also allows for smaller cooling systems,
reducing the size and weight of the converter unit, and consequently lowering
the installation and maintenance costs.
Manufacturers are
increasingly investing in research and development to integrate these materials
into commercial-scale wind power converters. Pilot projects in regions such as
the North Sea and the U.S. Atlantic Coast have already demonstrated performance
gains through Silicon Carbide-based converters in high-capacity wind turbines.
Furthermore, the
integration of these materials supports the ongoing trend toward digitalization
and smart diagnostics in power systems. Their high-frequency switching
capabilities improve system responsiveness, which is crucial for real-time
power management and adaptive control strategies. These advantages are likely
to become critical as utilities shift toward predictive maintenance models and
artificial intelligence-enabled grid interaction.
The adoption of Silicon
Carbide and Gallium Nitride is also expected to align with the global push for
carbon neutrality. By improving the energy efficiency of wind power systems,
these materials contribute to the overall reduction of operational carbon emissions,
aligning with regulatory and environmental sustainability goals.
As the cost of wide bandgap
semiconductors continues to decline and manufacturing processes mature, their
application in wind power converter systems is expected to accelerate,
reshaping the technological foundation of the industry and reinforcing this trend
as a key driver of future market competitiveness.
Segmental Insights
Type Insights
In 2024, the Full Converter
System segment emerged as the dominant segment in the global Wind Power
Converter System Market and is expected to maintain its leadership position
throughout the forecast period. This dominance is primarily attributed to its superior
grid compatibility, enhanced control over generator performance, and ability to
operate efficiently across a wide range of wind speeds. The Full Converter
System fully decouples the generator from the grid, allowing for independent
optimization of generator and grid parameters.
This flexibility has made
it particularly attractive in regions with stringent grid codes and increasing
integration of renewable energy sources. Additionally, the rising preference
for variable-speed wind turbines, which require advanced power conversion
capabilities, has further fueled the adoption of Full Converter Systems. These
systems also offer benefits such as enhanced power quality, improved fault
ride-through capability, and reduced mechanical stress on turbine components,
thereby increasing the overall efficiency and lifespan of wind energy systems.
Furthermore, with
technological advancements and declining costs of power electronic components,
Full Converter Systems have become more economically viable for both onshore
and offshore applications. Key market players have continued to invest in
research and development to enhance converter system designs, further
solidifying the segment’s market position. Moreover, the growing emphasis on
grid stability, energy security, and integration of distributed renewable power
sources has created favorable conditions for the continued expansion of this
segment.
Governments and regulatory
bodies across developed and developing regions have also introduced policies
and incentives promoting advanced wind technologies, contributing to the
increasing deployment of Full Converter Systems. As a result, the Full Converter
System segment is expected to continue benefiting from supportive industry
trends, robust infrastructure investments, and increasing demand for
high-performance and grid-compliant wind energy solutions across various
geographies, thereby sustaining its dominance in the global Wind Power
Converter System Market during the forecast period.
Application Insights
In 2024, the Onshore
Wind Farms segment dominated the global Wind Power Converter System Market and
is anticipated to maintain its dominant position during the forecast period.
This dominance is largely driven by the widespread deployment of onshore wind
energy projects across various regions due to their lower capital investment
requirements, simpler logistics, and easier maintenance compared to offshore
installations. Onshore wind farms offer quicker construction timelines and
require less complex infrastructure, making them a preferred choice for many
governments and private sector players aiming to scale up renewable energy
capacity efficiently.
The accessibility of
land resources and favorable wind conditions in several parts of North America,
Europe, and Asia Pacific have further contributed to the growth of onshore wind
installations. Moreover, onshore projects benefit from more established regulatory
frameworks and incentive structures that promote the adoption of wind energy
systems, including converter technologies. The growing emphasis on reducing
carbon emissions and achieving national renewable energy targets has led to
increased investments in onshore wind energy projects, thereby accelerating the
demand for reliable and efficient power converter systems.
These converter systems
are critical in ensuring stable electricity generation, grid compliance, and
effective integration of wind energy into the broader energy mix. Technological
advancements in turbine design and converter system efficiency have also supported
the strong growth of the onshore segment. Additionally, key manufacturers and
service providers have focused on optimizing solutions specifically for onshore
applications, further strengthening the segment's market position.
While offshore wind
energy is gaining momentum due to its high generation potential and consistent
wind patterns, its higher installation and operational costs have limited its
market share in comparison to onshore wind farms. Consequently, the Onshore Wind
Farms segment is expected to continue dominating the global Wind Power
Converter System Market due to its economic feasibility, infrastructural
advantages, and policy support from various national and regional governments.
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Regional Insights
Largest Region
In 2024, the Asia Pacific region dominated the
global Wind Power Converter System Market and is anticipated to maintain its
dominance throughout the forecast period. This regional leadership is primarily
attributed to the significant expansion of wind energy infrastructure in
countries such as China, India, Japan, South Korea, and Australia. China, in
particular, has emerged as a global leader in wind energy deployment due to its
ambitious renewable energy targets, large-scale investments, and government incentives
that actively promote the adoption of wind power technologies.
The continuous development of both onshore and
offshore wind projects across the region has substantially increased the demand
for efficient and robust wind power converter systems. Additionally, the
presence of key market players and original equipment manufacturers within the
Asia Pacific region has enhanced technological capabilities, reduced production
costs, and improved supply chain efficiencies. The rapid industrialization and
urbanization observed in many Asia Pacific countries have driven a growing
demand for sustainable power sources, further reinforcing the region’s
commitment to wind energy as a strategic alternative to conventional fossil
fuels.
Governments across the region have also introduced
favorable policy frameworks, including feed-in tariffs, auction mechanisms, and
tax benefits, to accelerate the transition to renewable energy. Moreover,
advancements in power electronics and converter technologies tailored to meet
region-specific grid requirements have strengthened the adoption of wind power
converter systems in Asia Pacific. As nations continue to focus on reducing
carbon emissions and enhancing energy security, the integration of wind energy
into national grids is expected to rise substantially.
The combination of economic scalability, supportive
regulatory environments, and increasing environmental consciousness positions
the Asia Pacific region to retain its leading role in the global Wind Power
Converter System Market. The region’s consistent investments, technological
progress, and rising energy demand make it the most influential and
fastest-growing regional market segment during the forecast period.
Emerging Region
The South America region is emerging as a promising
growth frontier in the forecast period for the Wind Power Converter System
Market, driven by its expanding renewable energy initiatives and increasing
focus on sustainable power generation. Countries such as Brazil, Argentina,
Chile, and Mexico are witnessing a surge in wind energy investments as
governments across the region seek to diversify their energy portfolios, reduce
dependency on fossil fuels, and achieve climate targets. Brazil, in particular,
is rapidly advancing its wind power capabilities with strong government
support, favorable wind conditions, and ongoing infrastructure development.
The region's abundant wind resources, especially in
coastal and inland areas, provide an ideal environment for both onshore and
offshore wind farm development. In response, there is a rising demand for
advanced wind power converter systems that can optimize power generation
efficiency and ensure seamless integration with regional electricity grids.
Furthermore, several South American governments have implemented policy
reforms, regulatory incentives, and auction-based mechanisms to attract
international and domestic investments in renewable energy projects.
These supportive measures are enhancing the
commercial viability of wind energy, which in turn is fueling the demand for
technologically sophisticated converter systems. The involvement of global
manufacturers and engineering firms in establishing partnerships and local
manufacturing units is also playing a vital role in strengthening the region’s
wind power supply chain. Additionally, the increasing awareness of energy
security and the economic benefits of clean energy are motivating both public
and private sector stakeholders to invest in wind energy solutions.
As the region continues to overcome infrastructure
challenges and enhances grid connectivity, South America is expected to witness
robust growth in wind energy deployment. Consequently, this positive outlook
positions South America as the most rapidly emerging region in the global Wind
Power Converter System Market during the forecast period, with strong potential
for sustained development and regional leadership in renewable energy
technologies..
Recent Development
- In May 2025, ABB revealed its
acquisition of a 93 percent equity stake in BrightLoop, a French power
electronics firm known for its advanced DC/DC converters. These converters are
designed for demanding applications in electric mobility, marine propulsion,
and industrial off-highway sectors. BrightLoop’s compact and rugged power
solutions complement ABB’s portfolio, supporting the company's strategic
objective to expand its presence in electrified transportation markets. This
acquisition enhances ABB’s capabilities in delivering intelligent,
high-performance power conversion systems for harsh operating environments.
- In February 2025, Mitsubishi
Electric entered into a joint venture agreement with HD Renewable Energy, a
Taipei-based company. The partnership focuses on aggregating distributed energy
resources such as solar power systems and battery storage across Japan, Taiwan,
and Australia. Mitsubishi Electric also acquired a stake in HD Renewable Energy
as part of its Energy and Facility solutions strategy. The joint venture aims
to support decarbonization and efficient energy use, with operations expected
to commence in April 2025.
- In June 2025, Mitsubishi
Electric signed a Memorandum of Understanding with GE Vernova to enhance
collaboration on power semiconductors for high-voltage direct-current
transmission systems based on voltage-source converters. Mitsubishi Electric, a
global leader in insulated gate bipolar transistor (IGBT) technology, aims to
meet rising global demand by expanding production. The cooperation will
strengthen both companies’ capabilities in delivering advanced semiconductor
solutions essential for modern energy infrastructure and accelerating the
global transition to clean and efficient power systems.
- In December 2024, ABB announced
its strategic acquisition of the power electronics division of Gamesa Electric,
a subsidiary of Siemens Gamesa, based in Spain. This acquisition will bring
over 100 highly skilled engineers and two manufacturing facilities located in
Madrid and Valencia under ABB’s control. The move enhances ABB’s position in
renewable power conversion technologies, particularly in wind turbine
converters, utility-scale solar inverters, and battery energy storage systems.
The transaction is expected to close in the second half of 2025.
Key Market Players
- ABB Ltd
- Siemens AG
- General Electric
Company
- Mitsubishi Electric
Corporation
- Schneider Electric SE
- Delta Electronics, Inc.
- Eaton Corporation plc
- Emerson Electric Co.
- Hitachi Energy Ltd.
- TDK Corporation
|
By Type
|
By Application
|
By End-User
|
By Region
|
- Full
Converter System
- Partial
Converter System
|
- Onshore Wind
Farms
- Offshore
Wind Farms
|
- Utilities
- Industrial
- Commercial
|
- North
America
- Europe
- South
America
- Middle East
& Africa
- Asia Pacific
|
Report Scope:
In this report, the Global Wind Power Converter
System Market has been segmented into the following categories, in addition to
the industry trends which have also been detailed below:
- Wind Power Converter System Market, By
Type:
o Full Converter System
o Partial Converter System
- Wind Power Converter System
Market, By Application:
o Onshore Wind Farms
o Offshore Wind Farms
- Wind Power Converter System Market, By
End-User:
o Utilities
o Industrial
o Commercial
- Wind Power Converter System
Market, By Region:
o North America
§
United
States
§
Canada
§
Mexico
o Europe
§
Germany
§
France
§
United
Kingdom
§
Italy
§
Spain
o South America
§
Brazil
§
Argentina
§
Colombia
o Asia-Pacific
§
China
§
India
§
Japan
§
South
Korea
§
Australia
o Middle East & Africa
§
Saudi
Arabia
§
UAE
§
South
Africa
Competitive Landscape
Company Profiles: Detailed analysis of the major companies
present in the Global Wind Power Converter System Market.
Available Customizations:
Global Wind Power Converter System Market report
with the given market data, TechSci Research offers customizations according
to a company's specific needs. The following customization options are
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Company Information
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profiling of additional market players (up to five).
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