Voltage Source Converter Market

Voltage Source Converters (VSC) are self-commutated converters to connect HVAC and HVDC systems using devices suitable for high power electronic applications, such as IGBTs. VSCs are capable of self-commutation, being able to generate AC voltages without the need to rely on an AC system. This allows for independent rapid control of both active and reactive power. VSCs maintain a constant polarity of the DC voltage for their building blocks, such as the 2-level or 3-level converter as well as the so-called modules in an MMC. The change of power flow direction is achieved by reversing the direction of the current. Thereby, VSCs are more easily integrated in multi-terminal DC systems. VSC-based HVDC systems offer a faster active power flow control with respect to the more mature CSC-HVDC, while also ensuring flexible and extended reactive power controllability at the two converter terminals.

Voltage Source Converter Market contains market size and forecasts of Voltage Source Converter in global, including the following market information:

Global Voltage Source Converter Market Revenue, 2017-2022, 2023-2028, ($ millions)

Global Voltage Source Converter Market Sales, 2017-2022, 2023-2028, (K Units)

Global top five Voltage Source Converter companies in 2021 (%)

The global Voltage Source Converter market was valued at million in 2021 and is projected to reach US$ million by 2028, at a CAGR of % during the forecast period.

The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.

Single Phase Segment to Reach $ Million by 2028, with a % CAGR in next six years.

The global key manufacturers of Voltage Source Converter include ABB, GE Grid Solutions, Wrtsil, Orano, Siemens, Bharat Heavy Electricals, Hitachi, Toshiba and Mitsubishi. etc. In 2021, the global top five players have a share approximately % in terms of revenue.

We surveyed the Voltage Source Converter manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.

Total Market by Segment:

Global Voltage Source Converter Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (K Units)

Global Voltage Source Converter Market Segment Percentages, by Type, 2021 (%)

• Single Phase
• Three Phase

Global Voltage Source Converter Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (K Units)

Global Voltage Source Converter Market Segment Percentages, by Application, 2021 (%)

• Submarine Cable
• Underground Cable
• Renewable Energy Industrial
• Others

Global Voltage Source Converter Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (K Units)

Global Voltage Source Converter Market Segment Percentages, By Region and Country, 2021 (%)

• North America
• US
• Canada
• Mexico
• Europe
• Germany
• France
• U.K.
• Italy
• Russia
• Nordic Countries
• Benelux
• Rest of Europe
• Asia
• China
• Japan
• South Korea
• Southeast Asia
• India
• Rest of Asia
• South America
• Brazil
• Argentina
• Rest of South America
• Middle East & Africa
• Turkey
• Israel
• Saudi Arabia
• UAE
• Rest of Middle East & Africa

Competitor Analysis

The report also provides analysis of leading market participants including:

• Key companies Voltage Source Converter revenues in global market, 2017-2022 (Estimated), ($ millions)
• Key companies Voltage Source Converter revenues share in global market, 2021 (%)
• Key companies Voltage Source Converter sales in global market, 2017-2022 (Estimated), (K Units)
• Key companies Voltage Source Converter sales share in global market, 2021 (%)

Further, the report presents profiles of competitors in the market, key players include:

• ABB
• GE Grid Solutions
• Wrtsil
• Orano
• Siemens
• Bharat Heavy Electricals
• Hitachi
• Toshiba
• Mitsubishi