Last Updated: 23-07-2025 | Format: PDF | Report ID:10597 | Author: Ankit
| Key Market Question | Answer |
|---|---|
| What is the market size in 2025? | Revenue (USD Million) |
| What is the projected market size by 2035? | $4,110 Million |
| What is the market CAGR from 2025 to 2035? | 5.3% |
| Which region dominates the market? | US (71%) |
| Which product/service type dominates the market? | Line Commutated Converter (37%) |
| Which application leads the market? | Wind Power (33%) |
| Who are the major buyers? | Utilities (60%), EPC/System Integrator (23%) |
| What are the key market growth drivers? | Rapid expansion of renewable energy integration into national grids; Growing demand for reliable |
| What are the major market challenges? | Complex installation and high cost barriers; Supply chain disruptions and semiconductor shortages |
| What is the forecast period? | 2026–2035 |
| Who are the key market players? |
Study period:
2020-2035
Base year:
2026
Historical data
2020-2024
NO OF PAGE:
167
What You Get:
| ABB Ltd., Siemens Energy AG, General Electric Company, Mitsubishi Electric Corporation, Eaton Corporation plc, Toshiba Corporation, CG Power and Industrial Solutions Ltd., Schneider Electric SE, Hyosung Heavy Industries, Hitachi Energy Ltd., Bharat Heavy Electricals Limited, SPX Transformer Solutions, Inc., Fuji Electric Co., Ltd., SGB-SMIT Group, Wilson Transformer Company |
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