Converters and inverters are electrical devices that convert current. Converters convert the voltage of an electric device, usually alternating current (AC) to direct current (DC) or change the current frequency.
According to the new market research report “Global Power Conversion Market Report 2023-2029”, published by QYResearch, the global Power Conversion market size is projected to reach USD 36.89 billion by 2029, at a CAGR of 3.6% during the forecast period.
- Global Power Conversion MarketSize(US$ Million), 2018-2029
Based on or includes research from QYResearch: Global Power Conversion Market Report 2023-2029.
- Global Power Conversion Top20Players Ranking and Market Share（Based on data of 2021, Continually updated）
Based on or includes research from QYResearch: 2021 data information of Global Power Conversion Market Report 2023-2029.
The global key manufacturers of Power Conversion include ABB, Siemens, SMA, Yaskawa, Huawei, Sungrow, Schneider Electric, Fuji Electric, Solaredge, Inovance Technology, etc. In 2021, the global top five players had a share approximately 18.0% in terms of revenue.
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