In 2024, China dominated the global export of static converters, accounting for 89.87% of units exported. Other leading export countries included Singapore (2.34%) and Thailand (1.62%). Year-over-year growth highlights Switzerland's remarkable 171.98% increase, although from a low base, while China's 3.27% growth continued its stronghold. Smaller exporters like Belarus, Armenia, and Peru experienced growth, whereas Chile, Norway, and Kuwait faced declines. The five-year CAGR has shown steady growth for India and Malaysia, indicating potential market shifts.
Future trends to monitor include emerging markets expanding their export capacities, potential shifts due to geopolitical factors affecting trade routes, and technological advancements impacting production in China. Countries such as India and Malaysia are positioned for growth, potentially increasing their global market share.
Top countries in Export of Static Converters Share by Country (Units)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 89.87 | 2023 | +2.83% | +3.27% | View data |
| 2 | 2 Singapore | 2.34 | 2023 | -3.05% | -2.02% | View data |
| 3 | 3 Thailand | 1.62 | 2023 | +2.98% | +2.14% | View data |
| 4 | 4 India | 1.23 | 2023 | +4.31% | +5.39% | View data |
| 5 | 5 Malaysia | 1.08 | 2023 | +3.3% | +4.06% | View data |
| 6 | 6 Switzerland | 0.11 | 2023 | +1.78% | +171.98% | View data |
| 7 | 7 Slovakia | 0.069 | 2023 | -1.04% | -3.98% | View data |
| 8 | 8 Belarus | 0.061 | 2023 | +4.82% | +6.95% | View data |
| 9 | 9 Armenia | 0.006 | 2023 | +7.26% | +40.84% | View data |
| 10 | 10 Norway | 0.006 | 2023 | -7.37% | -5.92% | View data |
