The global Microgrid Power Conversion System market size was valued at US$ million in 2023. With growing demand in downstream market, the Microgrid Power Conversion System is forecast to a readjusted size of US$ million by 2030 with a CAGR of % during review period.
The research report highlights the growth potential of the global Microgrid Power Conversion System market. Microgrid Power Conversion System are expected to show stable growth in the future market. However, product differentiation, reducing costs, and supply chain optimization remain crucial for the widespread adoption of Microgrid Power Conversion System. 麻豆原创 players need to invest in research and development, forge strategic partnerships, and align their offerings with evolving consumer preferences to capitalize on the immense opportunities presented by the Microgrid Power Conversion System market.
Energy storage converter electrochemical energy storage system, connected between the battery system and the grid (and/or load) to achieve bi-directional conversion of electrical energy, can control the charging and discharging process of the battery, AC and DC conversion, in the absence of the grid can be directly for AC load power supply.
In February 2023, the Standardization Administration of China and the National Energy Administration issued the Guidelines on the Construction of New Energy Storage Standard System, which included 205 new energy storage standards. In the 14th Five-Year Plan and the 2035 Vision Target Outline, the energy storage industry, energy storage capacity, energy storage projects have been made requirements. In 2021, China issued the Guiding Opinions on Accelerating the Development of New Energy Storage, which specified a clear path for the development of energy storage industry. According to the data of CEC, the cumulative installed capacity of electrochemical energy storage power stations that put into operation was mainly distributed in the power side, and the total energy is 6.80 GWh, which accounted for 48.40% by the end of 2022.
According to CNESA, by the end of 2022, the cumulative installed capacity of power energy storage projects which has put into operation in the world was 237.2GW, with an annual growth rate of 15%. The cumulative installed capacity of new energy storage reached 45.7GW, which has nearly twice of the same period last year, with an annual growth rate of 80%. The lithium-ion battery occupied an absolute dominant position, with an annual growth rate of more than 85%. The global energy storage market developed rapidly, and the installed capacity of new power energy storage projects is 30.7GW, with a year-on-year growth of 98%. China, Europe and the United States continued to lead the development of the global energy storage market, collectively accounting for 86% of the global market.
According to CNESA statistics, by the end of 2022, the total installed capacity of power energy storage projects put into operation in China was 59.8GW, accounting for 25% of the total global market scale, with an annual growth rate of 38%. The cumulative installed capacity of new energy storage exceeded 10GW for the first time, reaching 13.1GW / 27.1, GWh. And the annual growth rate of power scale reached 128%, while the annual growth rate of energy scale reached 141%. The installed capacity of newly added power energy storage projects in China reached 16.5GW for the first time, among which the new capacity of pumped storage was 9.1GW. Among the new energy storage, lithium-ion battery occupied an absolute dominant position, accounting for 116%.
Key Features:
The report on Microgrid Power Conversion System market reflects various aspects and provide valuable insights into the industry.
麻豆原创 Size and Growth: The research report provide an overview of the current size and growth of the Microgrid Power Conversion System market. It may include historical data, market segmentation by Type (e.g., AC Energy Storage Converter, DC Energy Storage Converter), and regional breakdowns.
麻豆原创 Drivers and Challenges: The report can identify and analyse the factors driving the growth of the Microgrid Power Conversion System market, such as government regulations, environmental concerns, technological advancements, and changing consumer preferences. It can also highlight the challenges faced by the industry, including infrastructure limitations, range anxiety, and high upfront costs.
Competitive Landscape: The research report provides analysis of the competitive landscape within the Microgrid Power Conversion System market. It includes profiles of key players, their market share, strategies, and product offerings. The report can also highlight emerging players and their potential impact on the market.
Technological Developments: The research report can delve into the latest technological developments in the Microgrid Power Conversion System industry. This include advancements in Microgrid Power Conversion System technology, Microgrid Power Conversion System new entrants, Microgrid Power Conversion System new investment, and other innovations that are shaping the future of Microgrid Power Conversion System.
Downstream Procumbent Preference: The report can shed light on customer procumbent behaviour and adoption trends in the Microgrid Power Conversion System market. It includes factors influencing customer ' purchasing decisions, preferences for Microgrid Power Conversion System product.
Government Policies and Incentives: The research report analyse the impact of government policies and incentives on the Microgrid Power Conversion System market. This may include an assessment of regulatory frameworks, subsidies, tax incentives, and other measures aimed at promoting Microgrid Power Conversion System market. The report also evaluates the effectiveness of these policies in driving market growth.
Environmental Impact and Sustainability: The research report assess the environmental impact and sustainability aspects of the Microgrid Power Conversion System market.
麻豆原创 Forecasts and Future Outlook: Based on the analysis conducted, the research report provide market forecasts and outlook for the Microgrid Power Conversion System industry. This includes projections of market size, growth rates, regional trends, and predictions on technological advancements and policy developments.
Recommendations and Opportunities: The report conclude with recommendations for industry stakeholders, policymakers, and investors. It highlights potential opportunities for market players to capitalize on emerging trends, overcome challenges, and contribute to the growth and development of the Microgrid Power Conversion System market.
麻豆原创 Segmentation:
Microgrid Power Conversion System market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value.
Segmentation by type
AC Energy Storage Converter
DC Energy Storage Converter
Segmentation by application
Campus and Public Institutions
Industrial and Commercial Areas
Military & Silos
Community
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Acrel
Nidec
NR
Parker
HNAC
Shenzhen Shenghong Electric
Guangyi Technology
Kehua Data
Sunshine Power
Beijing Soying Electric Technology
Shangneng Electric
Nanjing Nanrui Relay Electric
Key Questions Addressed in this Report
What is the 10-year outlook for the global Microgrid Power Conversion System market?
What factors are driving Microgrid Power Conversion System market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Microgrid Power Conversion System market opportunities vary by end market size?
How does Microgrid Power Conversion System break out type, application?
Please Note - This is an on demand report and will be delivered in 2 business days (48 hours) post payment.
1 Scope of the Report
1.1 麻豆原创 Introduction
1.2 Years Considered
1.3 Research Objectives
1.4 麻豆原创 Research Methodology
1.5 Research Process and Data Source
1.6 Economic Indicators
1.7 Currency Considered
1.8 麻豆原创 Estimation Caveats
2 Executive Summary
2.1 World 麻豆原创 Overview
2.1.1 Global Microgrid Power Conversion System Annual Sales 2019-2030
2.1.2 World Current & Future Analysis for Microgrid Power Conversion System by Geographic Region, 2019, 2023 & 2030
2.1.3 World Current & Future Analysis for Microgrid Power Conversion System by Country/Region, 2019, 2023 & 2030
2.2 Microgrid Power Conversion System Segment by Type
2.2.1 AC Energy Storage Converter
2.2.2 DC Energy Storage Converter
2.3 Microgrid Power Conversion System Sales by Type
2.3.1 Global Microgrid Power Conversion System Sales 麻豆原创 Share by Type (2019-2024)
2.3.2 Global Microgrid Power Conversion System Revenue and 麻豆原创 Share by Type (2019-2024)
2.3.3 Global Microgrid Power Conversion System Sale Price by Type (2019-2024)
2.4 Microgrid Power Conversion System Segment by Application
2.4.1 Campus and Public Institutions
2.4.2 Industrial and Commercial Areas
2.4.3 Military & Silos
2.4.4 Community
2.5 Microgrid Power Conversion System Sales by Application
2.5.1 Global Microgrid Power Conversion System Sale 麻豆原创 Share by Application (2019-2024)
2.5.2 Global Microgrid Power Conversion System Revenue and 麻豆原创 Share by Application (2019-2024)
2.5.3 Global Microgrid Power Conversion System Sale Price by Application (2019-2024)
3 Global Microgrid Power Conversion System by Company
3.1 Global Microgrid Power Conversion System Breakdown Data by Company
3.1.1 Global Microgrid Power Conversion System Annual Sales by Company (2019-2024)
3.1.2 Global Microgrid Power Conversion System Sales 麻豆原创 Share by Company (2019-2024)
3.2 Global Microgrid Power Conversion System Annual Revenue by Company (2019-2024)
3.2.1 Global Microgrid Power Conversion System Revenue by Company (2019-2024)
3.2.2 Global Microgrid Power Conversion System Revenue 麻豆原创 Share by Company (2019-2024)
3.3 Global Microgrid Power Conversion System Sale Price by Company
3.4 Key Manufacturers Microgrid Power Conversion System Producing Area Distribution, Sales Area, Product Type
3.4.1 Key Manufacturers Microgrid Power Conversion System Product Location Distribution
3.4.2 Players Microgrid Power Conversion System Products Offered
3.5 麻豆原创 Concentration Rate Analysis
3.5.1 Competition Landscape Analysis
3.5.2 Concentration Ratio (CR3, CR5 and CR10) & (2019-2024)
3.6 New Products and Potential Entrants
3.7 Mergers & Acquisitions, Expansion
4 World Historic Review for Microgrid Power Conversion System by Geographic Region
4.1 World Historic Microgrid Power Conversion System 麻豆原创 Size by Geographic Region (2019-2024)
4.1.1 Global Microgrid Power Conversion System Annual Sales by Geographic Region (2019-2024)
4.1.2 Global Microgrid Power Conversion System Annual Revenue by Geographic Region (2019-2024)
4.2 World Historic Microgrid Power Conversion System 麻豆原创 Size by Country/Region (2019-2024)
4.2.1 Global Microgrid Power Conversion System Annual Sales by Country/Region (2019-2024)
4.2.2 Global Microgrid Power Conversion System Annual Revenue by Country/Region (2019-2024)
4.3 Americas Microgrid Power Conversion System Sales Growth
4.4 APAC Microgrid Power Conversion System Sales Growth
4.5 Europe Microgrid Power Conversion System Sales Growth
4.6 Middle East & Africa Microgrid Power Conversion System Sales Growth
5 Americas
5.1 Americas Microgrid Power Conversion System Sales by Country
5.1.1 Americas Microgrid Power Conversion System Sales by Country (2019-2024)
5.1.2 Americas Microgrid Power Conversion System Revenue by Country (2019-2024)
5.2 Americas Microgrid Power Conversion System Sales by Type
5.3 Americas Microgrid Power Conversion System Sales by Application
5.4 United States
5.5 Canada
5.6 Mexico
5.7 Brazil
6 APAC
6.1 APAC Microgrid Power Conversion System Sales by Region
6.1.1 APAC Microgrid Power Conversion System Sales by Region (2019-2024)
6.1.2 APAC Microgrid Power Conversion System Revenue by Region (2019-2024)
6.2 APAC Microgrid Power Conversion System Sales by Type
6.3 APAC Microgrid Power Conversion System Sales by Application
6.4 China
6.5 Japan
6.6 South Korea
6.7 Southeast Asia
6.8 India
6.9 Australia
6.10 China Taiwan
7 Europe
7.1 Europe Microgrid Power Conversion System by Country
7.1.1 Europe Microgrid Power Conversion System Sales by Country (2019-2024)
7.1.2 Europe Microgrid Power Conversion System Revenue by Country (2019-2024)
7.2 Europe Microgrid Power Conversion System Sales by Type
7.3 Europe Microgrid Power Conversion System Sales by Application
7.4 Germany
7.5 France
7.6 UK
7.7 Italy
7.8 Russia
8 Middle East & Africa
8.1 Middle East & Africa Microgrid Power Conversion System by Country
8.1.1 Middle East & Africa Microgrid Power Conversion System Sales by Country (2019-2024)
8.1.2 Middle East & Africa Microgrid Power Conversion System Revenue by Country (2019-2024)
8.2 Middle East & Africa Microgrid Power Conversion System Sales by Type
8.3 Middle East & Africa Microgrid Power Conversion System Sales by Application
8.4 Egypt
8.5 South Africa
8.6 Israel
8.7 Turkey
8.8 GCC Countries
9 麻豆原创 Drivers, Challenges and Trends
9.1 麻豆原创 Drivers & Growth Opportunities
9.2 麻豆原创 Challenges & Risks
9.3 Industry Trends
10 Manufacturing Cost Structure Analysis
10.1 Raw Material and Suppliers
10.2 Manufacturing Cost Structure Analysis of Microgrid Power Conversion System
10.3 Manufacturing Process Analysis of Microgrid Power Conversion System
10.4 Industry Chain Structure of Microgrid Power Conversion System
11 麻豆原创ing, Distributors and Customer
11.1 Sales Channel
11.1.1 Direct Channels
11.1.2 Indirect Channels
11.2 Microgrid Power Conversion System Distributors
11.3 Microgrid Power Conversion System Customer
12 World Forecast Review for Microgrid Power Conversion System by Geographic Region
12.1 Global Microgrid Power Conversion System 麻豆原创 Size Forecast by Region
12.1.1 Global Microgrid Power Conversion System Forecast by Region (2025-2030)
12.1.2 Global Microgrid Power Conversion System Annual Revenue Forecast by Region (2025-2030)
12.2 Americas Forecast by Country
12.3 APAC Forecast by Region
12.4 Europe Forecast by Country
12.5 Middle East & Africa Forecast by Country
12.6 Global Microgrid Power Conversion System Forecast by Type
12.7 Global Microgrid Power Conversion System Forecast by Application
13 Key Players Analysis
13.1 Acrel
13.1.1 Acrel Company Information
13.1.2 Acrel Microgrid Power Conversion System Product Portfolios and Specifications
13.1.3 Acrel Microgrid Power Conversion System Sales, Revenue, Price and Gross Margin (2019-2024)
13.1.4 Acrel Main Business Overview
13.1.5 Acrel Latest Developments
13.2 Nidec
13.2.1 Nidec Company Information
13.2.2 Nidec Microgrid Power Conversion System Product Portfolios and Specifications
13.2.3 Nidec Microgrid Power Conversion System Sales, Revenue, Price and Gross Margin (2019-2024)
13.2.4 Nidec Main Business Overview
13.2.5 Nidec Latest Developments
13.3 NR
13.3.1 NR Company Information
13.3.2 NR Microgrid Power Conversion System Product Portfolios and Specifications
13.3.3 NR Microgrid Power Conversion System Sales, Revenue, Price and Gross Margin (2019-2024)
13.3.4 NR Main Business Overview
13.3.5 NR Latest Developments
13.4 Parker
13.4.1 Parker Company Information
13.4.2 Parker Microgrid Power Conversion System Product Portfolios and Specifications
13.4.3 Parker Microgrid Power Conversion System Sales, Revenue, Price and Gross Margin (2019-2024)
13.4.4 Parker Main Business Overview
13.4.5 Parker Latest Developments
13.5 HNAC
13.5.1 HNAC Company Information
13.5.2 HNAC Microgrid Power Conversion System Product Portfolios and Specifications
13.5.3 HNAC Microgrid Power Conversion System Sales, Revenue, Price and Gross Margin (2019-2024)
13.5.4 HNAC Main Business Overview
13.5.5 HNAC Latest Developments
13.6 Shenzhen Shenghong Electric
13.6.1 Shenzhen Shenghong Electric Company Information
13.6.2 Shenzhen Shenghong Electric Microgrid Power Conversion System Product Portfolios and Specifications
13.6.3 Shenzhen Shenghong Electric Microgrid Power Conversion System Sales, Revenue, Price and Gross Margin (2019-2024)
13.6.4 Shenzhen Shenghong Electric Main Business Overview
13.6.5 Shenzhen Shenghong Electric Latest Developments
13.7 Guangyi Technology
13.7.1 Guangyi Technology Company Information
13.7.2 Guangyi Technology Microgrid Power Conversion System Product Portfolios and Specifications
13.7.3 Guangyi Technology Microgrid Power Conversion System Sales, Revenue, Price and Gross Margin (2019-2024)
13.7.4 Guangyi Technology Main Business Overview
13.7.5 Guangyi Technology Latest Developments
13.8 Kehua Data
13.8.1 Kehua Data Company Information
13.8.2 Kehua Data Microgrid Power Conversion System Product Portfolios and Specifications
13.8.3 Kehua Data Microgrid Power Conversion System Sales, Revenue, Price and Gross Margin (2019-2024)
13.8.4 Kehua Data Main Business Overview
13.8.5 Kehua Data Latest Developments
13.9 Sunshine Power
13.9.1 Sunshine Power Company Information
13.9.2 Sunshine Power Microgrid Power Conversion System Product Portfolios and Specifications
13.9.3 Sunshine Power Microgrid Power Conversion System Sales, Revenue, Price and Gross Margin (2019-2024)
13.9.4 Sunshine Power Main Business Overview
13.9.5 Sunshine Power Latest Developments
13.10 Beijing Soying Electric Technology
13.10.1 Beijing Soying Electric Technology Company Information
13.10.2 Beijing Soying Electric Technology Microgrid Power Conversion System Product Portfolios and Specifications
13.10.3 Beijing Soying Electric Technology Microgrid Power Conversion System Sales, Revenue, Price and Gross Margin (2019-2024)
13.10.4 Beijing Soying Electric Technology Main Business Overview
13.10.5 Beijing Soying Electric Technology Latest Developments
13.11 Shangneng Electric
13.11.1 Shangneng Electric Company Information
13.11.2 Shangneng Electric Microgrid Power Conversion System Product Portfolios and Specifications
13.11.3 Shangneng Electric Microgrid Power Conversion System Sales, Revenue, Price and Gross Margin (2019-2024)
13.11.4 Shangneng Electric Main Business Overview
13.11.5 Shangneng Electric Latest Developments
13.12 Nanjing Nanrui Relay Electric
13.12.1 Nanjing Nanrui Relay Electric Company Information
13.12.2 Nanjing Nanrui Relay Electric Microgrid Power Conversion System Product Portfolios and Specifications
13.12.3 Nanjing Nanrui Relay Electric Microgrid Power Conversion System Sales, Revenue, Price and Gross Margin (2019-2024)
13.12.4 Nanjing Nanrui Relay Electric Main Business Overview
13.12.5 Nanjing Nanrui Relay Electric Latest Developments
14 Research Findings and Conclusion
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*If Applicable.
