Global Wind Turbine Converter Market Outlook 2017-2022

Global Wind Turbine Converter Market is anticipated to grow significantly in the forecast period owing to the increased adoption of wind energy and exhausting conventional natural resources. Wind turbine systems are one of the most efficient renewable energy sources available today. They are widely used in wind power stations and also in distribution networks which are connected with transmission networks.

The major drivers of wind turbine converters market comprise exhausting natural resources, increase in number of efforts by governments for harnessing wind energy, global efforts for controlling carbon dioxide emissions, growing concern of global warming and other hazardous gases in the atmosphere. Wind turbine converter market is experiencing strong competition from other renewable technologies like solar cells. However, the growth of wind turbine converter market is hampered by personalized need for automation by different consumers due to variation in wind power from different geographies.

Wind power development is witnessing a growth phase at current that leads the researchers and scientists to explore and discover effective technologies proving beneficial for wind power generation system. The flexible nature of wind energy sources with respect to reactive power, real power, frequency and output voltage is still challenging wind turbine converter market. Converting input AC (alternating current) power at a particular voltage and frequency to an output power at different voltage and frequency can be achieved with the help of static circuits known as power converters. These converters contain controlled powered electronic devices. Several power converters have been manufactured to meet the wind power generation requirements with each one having their own pros and cons.

Wind turbine converter market is categorized on the basis of type, deployment model, application, and geography. On the basis of type, wind turbine converter market is divided into doubly-fed and full power.

Based on deployment model, wind turbine converter market is classified into onshore power and offshore wind power. Offshore wind power is expected to lead wind turbine converter market owing to higher attraction and streamlined use. Despite less issues faced by onshore wind power, offshore wind services come with more challenges than as compared to the onshore wind power services.

In terms of application, wind turbine converter market is split into financial analytics, clinical analytics, and administrative analytics.

Geographically, wind turbine converter market is segmented as North America, South America, Europe, Asia Pacific, and Middle East & Africa. The emerging countries of Asia Pacific, especially China is predicted to hold larger share of wind turbine converter market due to extensive investments in the region. The lead in wind turbine converter market is also influenced by North America and South America due to growing projects and major industries in the segment.

The key players profiled in the wind turbine converter market report comprise AMSC, Schneider, GE Power, Emerson, Switch, ABB, Ingeteam, Siemens, Vacon and Woodward.

The global market for wind turbine converter will grow at a CAGR of 4.7% by 2022, according to a new report published by Gen Consulting Company. The report segments the market and forecasts its size, by volume and value, on the basis of product (partial converter, full converter, etc.), and by geography (North America, Europe, Asia-Pacific, MEA and South America).

The report covers forecast and analysis for the wind turbine converter market on a global and regional level. The study provides historic data of 2012-2016 along with a forecast from 2017 to 2022 based on both output/volume and revenue. The study then describes the drivers and restraints for the wind turbine converter market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the wind turbine converter market on a global level.

The report has been prepared based on the synthesis, analysis, and interpretation of information about the global wind turbine converter market collected from specialized sources. The competitive landscape section of the report provides a clear insight into the market share analysis of key industry players. Company overview, financial overview, product portfolio, new project launched, recent development analysis are the parameters included in the profile. Relevantly, the report and company profiles specify the key drivers that are impacting the demand in global wind turbine converter market.

Key Products
- Partial Converter
- Full Converter

Key Regions
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- South America

Key Vendors
- ABB
- Enercon
- Etechwin
- Gamesa
- GE
- Hopewind
- Ingeteam
- Simens
- Vestas
- Woodward
- request free sample to get a complete list of companies

Key Questions Answered in this Report
- What will the market size be in 2022?
- What are the key factors driving the global wind turbine converter market?
- What are the challenges to market growth?
- Who are the key players in the wind turbine converter market?
- What are the market opportunities and threats faced by the key players?