1. Market Research
  2. > Energy & Environment
  3. > Energy
  4. > Renewable Energy Market Trends

Global and China Wind Power Converter Industry Report, 2014-2018

  • 96 pages, published in February 2015
  • By Research In China
  • Report Number: 2679463

Summary

Table of Contents

As one of key components of a wind generating set, the wind power converter accounts for 17.9% of costs of wind power equipment automation products. It can optimize the operation of wind power system, improve the efficiency of wind turbine, reduce power loss, and raise utilization of wind energy.

In 2014, the global installed wind power capacity increased by 47.3GW, up 33.9% from a year earlier. In particular, China contributed 17.7GW, a 9.6% rise year on year, ranking the world's first for five consecutive years.

Driven by the resumption of offshore wind power projects in August 2013 and the State's support for wind power industry, the output value of China's wind power converter industry amounted to RMB5.8 billion in 2014, up 11.5% from a year earlier. The demand was 10,727 sets, rising by 14.7%, year on year.

At present, the 1.5MW and 2MW wind power converters are widely used in the market, with the total demand for both accounting for more than 80%. In the future, as offshore wind power expands, the industry's R&D focus will be shifted to 5MW-10MW wind power converters.

Now that China's wind power industry started relatively late, the domestic wind power converter market was monopolized by the foreign players like ABB, Emerson, and Siemens. In contrast, the Chinese enterprises such as Sungrow Power Supply, Hi-Tech Control, Zhuzhou CSR Times Electric occupied a mere 5% market share.

ABB: In 2014, the company released a new air cooled doubly-fed wind power converter, targeting China's onshore and offshore utility-scale wind turbines, with the power range of 1.5MW-2.2MW.

Emerson: In October 2014, WinTrust series 2MW doubly-fed wind power converter (air cooled) products won the bid for the Yunnan Huadian's Daheishan Project; in January 2015, WinTrust series 2MW doubly-fed wind power converter (water cooled) products won the tender for Huadian Anhui's Wuwei Project.

Sungrow Power Supply: in early 2014, the company completed a 600,000 kw/a wind power converter technological transformation project, including a 400,000 kw/a full-power wind power converter capacity and 200,000 kw/a doubly-fed wind power converter; in October 2014, the company launched a full-power wind power converter for the ?5MW offshore wind power turbine unit.

Hi-Tech Control: In recent years, the company has aggressively developed wind power converters. In 2014, it developed 5.5MW WINGREEN high-voltage high-power offshore wind power converter; in 2015, it will develop 3.0MW full power (liquid cooled) wind power converter.

Global and China Wind Power Converter Industry Report, 2014-2018 by ResearchInChina is primarily concerned with the following:

Status quo and competitive landscape, etc. of global wind power converter market;
Development environment, market size, competitive landscape, etc. of China's wind power converter industry;
Market size and competition pattern, etc. of IGBT and relay, etc. in China and the World;
Market size, market structure, imports and exports, competition pattern, etc. of installed wind power in China and the World;
Operation and revenue structure of 8 foreign wind power converter manufacturers and their layout in China;
Operation, revenue structure, competitive edges, etc. of 16 Chinese wind power converter manufacturers.

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 60 Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

Veronica helps you get this report now

Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

Purchase Reports From Reputable Market Research Publishers
Opportunity in Wind Power Sector in India - 2017

Opportunity in Wind Power Sector in India - 2017

  • $ 4500
  • Industry report
  • March 2017
  • by Feedback Business Consulting

This report provides insight into the current market scenario, structure and practices. In depth market scenario includes: - Current market size estimate - Revenues by players - Top 5 Companies - Market ...

Global Wind Power Sector  - 2017

Global Wind Power Sector - 2017

  • $ 4500
  • Industry report
  • March 2017
  • by Feedback Business Consulting

This report provides an insight into the sector - current scenario, structure and practices In depth market scenario includes: - Market estimate for CY 16 - Geographical presence of key players - Providing ...

Investment Opportunities in the Indian Wind Energy - Growth Trends and Forecasts (2017 - 2022)

Investment Opportunities in the Indian Wind Energy - Growth Trends and Forecasts (2017 - 2022)

  • $ 4500
  • Industry report
  • January 2017
  • by Mordor Intelligence LLP

Alstom India forms a Joint Venture with Bharat Forge in October 2013, the Stock Prices of Alstom Indias share price went up 80% in the last 5 months and during almost the same time frame, Bharat forges ...


ref:plp2015

Reportlinker.com © Copyright 2017. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.