2025-2031 Global Grid Forming Power Conversion System (PCS) Industry Research & Trends Analysis Report
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Grid Forming Power Conversion System (PCS) Market Overview
Grid Forming Power Conversion System (PCS) is an energy storage converter that builds and maintains output voltage and frequency, operates with voltage source characteristics, and actively provides grid support. Grid Forming Power Conversion System (PCS) can be divided into high-voltage grid forming power conversion system (PCS) and low-voltage grid forming power conversion system according to the AC output voltage level. High-voltage grid forming power conversion system refers to a grid-forming energy storage converter with an AC port voltage of 6kV to 35kV; low-voltage grid forming power conversion system refers to a grid-forming energy storage converter with an AC port voltage of 1000V and below.
Key Insights & Strategic Takeaways Driving Market Outlook
(1) Global Grid Forming Power Conversion System (PCS) market size (sales volume & revenue), history data from 2020 - 2025, and forecast data from {2025 to 2031.
(2) Global Grid Forming Power Conversion System (PCS) market competitive situation, sales, revenue, price, and market share, from 2020 to 2025.
(3) China Grid Forming Power Conversion System (PCS) market competitive situation, sales, revenue, price, and market share, from 2020 to 2025.
(4) Global Grid Forming Power Conversion System (PCS) segment by region (or country), key regions cover the United States, Europe, China, Japan, South Korea, Southeast Asia, and India, etc.
(5) Global Grid Forming Power Conversion System (PCS) segment by Type, and by Application, and regional segment by Type, and by Application.
(6) Global major production regions of Grid Forming Power Conversion System (PCS) , capacity, production and trends.
(7) Grid Forming Power Conversion System (PCS) industry supply chain, upstream, midstream, and downstream analysis.
In-Depth Assessment of Market Segmentation by Geographic Region
➤ North America (United States, Canada, and Mexico)
➤ Europe (UK, Germany, France, Russia, and Italy)
➤ Asia-Pacific (China, Korea, Japan, India, and Southeast Asia)
➤ South America (Brazil, Colombia, Argentina, etc.)
➤ The Middle East and Africa (Saudi Arabia, UAE, Nigeria, Egypt, and South Africa)
Segmentation by Product Type: Analytical Breakdown and Market Relevance
This section presents a comprehensive analysis of the market based on product type, highlighting segment-wise performance indicators, emerging trends, and their strategic implications within the overall industry landscape.
- Industrial
- Commercial
- Public Utility
Market Segmentation by Application
Markets are categorized based on specific application areas, offering insight into usage trends and consumer preferences. This segmentation helps businesses tailor products, services, and strategies to align with diverse industry needs and customer demands.
- Low Voltage
- High Voltage
Market Segmentation by Key Players
This report examines the competitive landscape by categorizing market participants based on their roles, influence, and strategic positioning. Understanding player segmentation helps identify industry leaders, emerging competitors, and collaboration opportunities within the market.
- Shenzhen Sinexcel Electric Co., Ltd.
- Sineng Electric Co., Ltd.
- Beijing Soaring Electric Technology Co., Ltd.
- Sungrow Power Supply Co., Ltd.
- SMA
- Fujian Nebula Electronics Co., Ltd.
- NREC
- Hi-Tech
- Xiamen Kehua Shuneng Technology Co., Ltd.
- Beijing Hyperstrong Technology Co., Ltd.
1 Market Overview
1.1 Grid Forming Power Conversion System (PCS) Definition
1.2 Global Grid Forming Power Conversion System (PCS) Market Size and Forecast
1.2.1 By Revenue, Global Grid Forming Power Conversion System (PCS) Market Size, 2020-2031
1.2.2 By Sales Volume, Global Grid Forming Power Conversion System (PCS) Market Size, 2020-2031
1.2.3 Global Grid Forming Power Conversion System (PCS) Price Trend, 2020-2031
1.3 China Grid Forming Power Conversion System (PCS) Market Size and Forecast
1.3.1 By Revenue, China Grid Forming Power Conversion System (PCS) Market Size, 2020-2031
1.3.2 By Sales Volume, China Grid Forming Power Conversion System (PCS) Market Size, 2020-2031
1.3.3 China Grid Forming Power Conversion System (PCS) Price Trend, 2020-2031
1.4 China Percentage in Global Market
1.4.1 By Revenue, China Grid Forming Power Conversion System (PCS) Share in Global Market, 2020-2031
1.4.2 By Sales Volume, China Grid Forming Power Conversion System (PCS) Share in Global Market, 2020-2031
1.4.3 Grid Forming Power Conversion System (PCS) Market Size: China VS Global, 2020-2031
1.5 Grid Forming Power Conversion System (PCS) Market Dynamics
1.5.1 Grid Forming Power Conversion System (PCS) Market Drivers
1.5.2 Grid Forming Power Conversion System (PCS) Market Restraints
1.5.3 Grid Forming Power Conversion System (PCS) Industry Trends
1.5.4 Grid Forming Power Conversion System (PCS) Industry Policy
2 Global Competitive Landscape by Company
2.1 Global Grid Forming Power Conversion System (PCS) Revenue by Company, 2020-2025
2.2 Global Grid Forming Power Conversion System (PCS) Sales Volume by Company, 2020-2025
2.3 Global Grid Forming Power Conversion System (PCS) Price by Company, 2020-2025
2.4 Global Grid Forming Power Conversion System (PCS) Participants, Market Position (Tier 1, Tier 2, and Tier 3)
2.5 Global Grid Forming Power Conversion System (PCS) Concentration Ratio
2.6 Global Grid Forming Power Conversion System (PCS) Mergers & Acquisitions, Expansion Plans
2.7 Global Grid Forming Power Conversion System (PCS) Manufacturers Product Type
3 China Competitive Landscape by Company
3.1 China Grid Forming Power Conversion System (PCS) Revenue by Company, 2020-2025
3.2 China Grid Forming Power Conversion System (PCS) Sales Volume by Company, 2020-2025
3.3 China Grid Forming Power Conversion System (PCS) Grid Forming Power Conversion System (PCS) Participants, Market Position (Tier 1, Tier 2, and Tier 3)
3.4 China Grid Forming Power Conversion System (PCS) Market, Sales Percentage of Local Players VS Foreign Players (2020-2025)
3.5 Chinese Local Players, Grid Forming Power Conversion System (PCS) Domestic VS Export
3.6 China Market, Grid Forming Power Conversion System (PCS) Import & Export
3.6.1 China Market, Grid Forming Power Conversion System (PCS) Import & Export, 2020-2031
3.6.2 China Grid Forming Power Conversion System (PCS) Import & Export Trends
3.6.3 Main Sources of China Grid Forming Power Conversion System (PCS) Import
3.6.4 Export Destination of China Grid Forming Power Conversion System (PCS)
4 Grid Forming Power Conversion System (PCS) Production by Region
4.1 Global Grid Forming Power Conversion System (PCS) Capacity, Production and Capacity Utilization, 2020-2031
4.2 Global Geographic Distribution of Grid Forming Power Conversion System (PCS) Manufacturers
4.3 Global Major Manufacturers, Grid Forming Power Conversion System (PCS) Capacity Expansion and Future Plans
4.4 Global Grid Forming Power Conversion System (PCS) Capacity by Region
4.5 Global Grid Forming Power Conversion System (PCS) Production by Region
4.5.1 Global Grid Forming Power Conversion System (PCS) Production & Forecast by Region, 2020 VS 2024 VS 2031
4.5.2 Global Grid Forming Power Conversion System (PCS) Production by Region, 2020-2025
4.5.3 Global Grid Forming Power Conversion System (PCS) Production Market Share & Forecast by Region, 2020-2031
5 Industry Chain Analysis
5.1 Grid Forming Power Conversion System (PCS) Industry Chain
5.2 Grid Forming Power Conversion System (PCS) Upstream Analysis
5.2.1 Grid Forming Power Conversion System (PCS) Core Raw Materials
5.2.2 Main Manufacturers of Grid Forming Power Conversion System (PCS) Core Raw Materials
5.3 Midstream Analysis
5.4 Downstream Analysis
5.5 Grid Forming Power Conversion System (PCS) Production Mode
5.6 Grid Forming Power Conversion System (PCS) Procurement Model
5.7 Grid Forming Power Conversion System (PCS) Industry Sales Model and Sales Channels
5.7.1 Grid Forming Power Conversion System (PCS) Sales Model
5.7.2 Grid Forming Power Conversion System (PCS) Typical Distributors
6 Sights by Product Type
6.1 Grid Forming Power Conversion System (PCS) Classification
6.1.1 Low Voltage
6.1.2 High Voltage
6.2 by Type, Global Grid Forming Power Conversion System (PCS) Market Size & CAGR, 2020 VS 2024 VS 2031
6.3 by Type, Global Grid Forming Power Conversion System (PCS) Revenue, 2020-2031
6.4 by Type, Global Grid Forming Power Conversion System (PCS) Sales Volume, 2020-2031
6.5 by Type, Global Grid Forming Power Conversion System (PCS) Price, 2020-2031
7 Sights by Application
7.1 Grid Forming Power Conversion System (PCS) Segment by Application
7.1.1 Industrial
7.1.2 Commercial
7.1.3 Public Utility
7.2 by Application, Global Grid Forming Power Conversion System (PCS) Market Size & CAGR, 2020 VS 2024 VS 2031
7.3 by Application, Global Grid Forming Power Conversion System (PCS) Revenue, 2020-2031
7.4 by Application, Global Grid Forming Power Conversion System (PCS) Sales Volume, 2020-2031
7.5 by Application, Global Grid Forming Power Conversion System (PCS) Price, 2020-2031
8 Sales Sights by Region
8.1 By Region, Global Grid Forming Power Conversion System (PCS) Market Size, 2020 VS 2024 VS 2031
8.2 By Region, Global Grid Forming Power Conversion System (PCS) Revenue, 2020-2031
8.3 By Region, Global Grid Forming Power Conversion System (PCS) Sales Volume, 2020-2031
8.4 North America
8.4.1 North America Grid Forming Power Conversion System (PCS) Market Size & Forecasts, 2020-2031
8.4.2 By Country, North America Grid Forming Power Conversion System (PCS) Market Size Market Share
8.5 Europe
8.5.1 Europe Grid Forming Power Conversion System (PCS) Market Size & Forecasts, 2020-2031
8.5.2 By Country, Europe Grid Forming Power Conversion System (PCS) Market Size Market Share
8.6 Asia Pacific
8.6.1 Asia Pacific Grid Forming Power Conversion System (PCS) Market Size & Forecasts, 2020-2031
8.6.2 By Country/Region, Asia Pacific Grid Forming Power Conversion System (PCS) Market Size Market Share
8.7 South America
8.7.1 South AmericaGrid Forming Power Conversion System (PCS) Market Size & Forecasts, 2020-2031
8.7.2 By Country, South America Grid Forming Power Conversion System (PCS) Market Size Market Share
8.8 Middle East & Africa
9 Sales Sights by Country Level
9.1 By Country, Global Grid Forming Power Conversion System (PCS) Market Size & CAGR，2020 VS 2024 VS 2031
9.2 By Country, Global Grid Forming Power Conversion System (PCS) Revenue, 2020-2031
9.3 By Country, Global Grid Forming Power Conversion System (PCS) Sales Volume, 2020-2031
9.4 United States
9.4.1 United States Grid Forming Power Conversion System (PCS) Market Size, 2020-2031
9.4.2 By Company, United States Grid Forming Power Conversion System (PCS) Sales Volume Market Share, 2024
9.4.3 by Type, United States Grid Forming Power Conversion System (PCS) Market Size, Share, 2024 VS 2031
9.4.4 by Application, United States Grid Forming Power Conversion System (PCS) Market Size, Share, 2024 VS 2031
9.5 Europe
9.5.1 Europe Grid Forming Power Conversion System (PCS) Market Size, 2020-2031
9.5.2 By Company, Europe Grid Forming Power Conversion System (PCS) Sales Volume Market Share, 2024
9.5.3 by Type, Europe Grid Forming Power Conversion System (PCS) Market Size, Share, 2024 VS 2031
9.5.4 by Application, Europe Grid Forming Power Conversion System (PCS) Market Size, Share, 2024 VS 2031
9.6 China
9.6.1 China Grid Forming Power Conversion System (PCS) Market Size, 2020-2031
9.6.2 By Company, China Grid Forming Power Conversion System (PCS) Sales Volume Market Share, 2024
9.6.3 by Type, China Grid Forming Power Conversion System (PCS) Market Size, Share, 2024 VS 2031
9.6.4 by Application, China Grid Forming Power Conversion System (PCS) Market Size, Share, 2024 VS 2031
9.7 Japan
9.7.1 Japan Grid Forming Power Conversion System (PCS) Market Size, 2020-2031
9.7.2 By Company, Japan Grid Forming Power Conversion System (PCS) Market Share, 2024
9.7.3 by Type, Japan Grid Forming Power Conversion System (PCS) Market Size, Share, 2024 VS 2031
9.7.4 by Application, Japan Grid Forming Power Conversion System (PCS) Market Size, Share, 2024 VS 2031
9.8 South Korea
9.8.1 South Korea Grid Forming Power Conversion System (PCS) Market Size, 2020-2031
9.8.2 By Company, South Korea Grid Forming Power Conversion System (PCS) Market Share, 2024
9.8.3 by Type, South Korea Grid Forming Power Conversion System (PCS) Market Size, Share, 2024 VS 2031
9.8.4 by Application, South Korea Grid Forming Power Conversion System (PCS) Market Size, Share, 2024 VS 2031
9.9 Southeast Asia
9.9.1 Southeast Asia Grid Forming Power Conversion System (PCS) Market Size, 2020-2031
9.9.2 By Company, Southeast Asia Grid Forming Power Conversion System (PCS) Market Share, 2024
9.9.3 by Type, Southeast Asia Grid Forming Power Conversion System (PCS) Market Size, Share, 2024 VS 2031
9.9.4 by Application, Southeast Asia Grid Forming Power Conversion System (PCS) Market Size, Share, 2024 VS 2031
9.10 India
9.10.1 India Grid Forming Power Conversion System (PCS) Market Size, 2020-2031
9.10.2 By Company, India Grid Forming Power Conversion System (PCS) Market Share, 2024
9.10.3 by Type, India Grid Forming Power Conversion System (PCS) Market Size, Share, 2024 VS 2031
9.10.4 by Application, India Grid Forming Power Conversion System (PCS) Market Size, Share, 2024 VS 2031
9.11 Middle East & Africa
9.11.1 Middle East & Africa Grid Forming Power Conversion System (PCS) Market Size, 2020-2031
9.11.2 By Company, Middle East & Africa Grid Forming Power Conversion System (PCS) Market Share, 2024
9.11.3 by Type, Middle East & Africa Grid Forming Power Conversion System (PCS) Market Size, Share, 2024 VS 2031
9.11.4 by Application, Middle East & Africa Grid Forming Power Conversion System (PCS) Market Size, Share, 2024 VS 2031
10 Manufacturers Profile
10.1 Shenzhen Sinexcel Electric Co., Ltd.
10.1.1 Shenzhen Sinexcel Electric Co., Ltd. Company Information, Head Office, Market Area, and Industry Position
10.1.2 Shenzhen Sinexcel Electric Co., Ltd. Grid Forming Power Conversion System (PCS) Models, Specifications, and Application
10.1.3 Shenzhen Sinexcel Electric Co., Ltd. Grid Forming Power Conversion System (PCS) Sales Volume, Revenue, Price and Gross Margin, 2020-2025
10.1.4 Shenzhen Sinexcel Electric Co., Ltd. Company Profile and Main Business
10.1.5 Shenzhen Sinexcel Electric Co., Ltd. Recent Developments
10.2 Sineng Electric Co., Ltd.
10.2.1 Sineng Electric Co., Ltd. Company Information, Head Office, Market Area, and Industry Position
10.2.2 Sineng Electric Co., Ltd. Grid Forming Power Conversion System (PCS) Models, Specifications, and Application
10.2.3 Sineng Electric Co., Ltd. Grid Forming Power Conversion System (PCS) Sales Volume, Revenue, Price and Gross Margin, 2020-2025
10.2.4 Sineng Electric Co., Ltd. Company Profile and Main Business
10.2.5 Sineng Electric Co., Ltd. Recent Developments
10.3 Beijing Soaring Electric Technology Co., Ltd.
10.3.1 Beijing Soaring Electric Technology Co., Ltd. Company Information, Head Office, Market Area, and Industry Position
10.3.2 Beijing Soaring Electric Technology Co., Ltd. Grid Forming Power Conversion System (PCS) Models, Specifications, and Application
10.3.3 Beijing Soaring Electric Technology Co., Ltd. Grid Forming Power Conversion System (PCS) Sales Volume, Revenue, Price and Gross Margin, 2020-2025
10.3.4 Beijing Soaring Electric Technology Co., Ltd. Company Profile and Main Business
10.3.5 Beijing Soaring Electric Technology Co., Ltd. Recent Developments
10.4 Sungrow Power Supply Co., Ltd.
10.4.1 Sungrow Power Supply Co., Ltd. Company Information, Head Office, Market Area, and Industry Position
10.4.2 Sungrow Power Supply Co., Ltd. Grid Forming Power Conversion System (PCS) Models, Specifications, and Application
10.4.3 Sungrow Power Supply Co., Ltd. Grid Forming Power Conversion System (PCS) Sales Volume, Revenue, Price and Gross Margin, 2020-2025
10.4.4 Sungrow Power Supply Co., Ltd. Company Profile and Main Business
10.4.5 Sungrow Power Supply Co., Ltd. Recent Developments
10.5 SMA
10.5.1 SMA Company Information, Head Office, Market Area, and Industry Position
10.5.2 SMA Grid Forming Power Conversion System (PCS) Models, Specifications, and Application
10.5.3 SMA Grid Forming Power Conversion System (PCS) Sales Volume, Revenue, Price and Gross Margin, 2020-2025
10.5.4 SMA Company Profile and Main Business
10.5.5 SMA Recent Developments
10.6 Fujian Nebula Electronics Co., Ltd.
10.6.1 Fujian Nebula Electronics Co., Ltd. Company Information, Head Office, Market Area, and Industry Position
10.6.2 Fujian Nebula Electronics Co., Ltd. Grid Forming Power Conversion System (PCS) Models, Specifications, and Application
10.6.3 Fujian Nebula Electronics Co., Ltd. Grid Forming Power Conversion System (PCS) Sales Volume, Revenue, Price and Gross Margin, 2020-2025
10.6.4 Fujian Nebula Electronics Co., Ltd. Company Profile and Main Business
10.6.5 Fujian Nebula Electronics Co., Ltd. Recent Developments
10.7 NREC
10.7.1 NREC Company Information, Head Office, Market Area, and Industry Position
10.7.2 NREC Grid Forming Power Conversion System (PCS) Models, Specifications, and Application
10.7.3 NREC Grid Forming Power Conversion System (PCS) Sales Volume, Revenue, Price and Gross Margin, 2020-2025
10.7.4 NREC Company Profile and Main Business
10.7.5 NREC Recent Developments
10.8 Hi-Tech
10.8.1 Hi-Tech Company Information, Head Office, Market Area, and Industry Position
10.8.2 Hi-Tech Grid Forming Power Conversion System (PCS) Models, Specifications, and Application
10.8.3 Hi-Tech Grid Forming Power Conversion System (PCS) Sales Volume, Revenue, Price and Gross Margin, 2020-2025
10.8.4 Hi-Tech Company Profile and Main Business
10.8.5 Hi-Tech Recent Developments
10.9 Xiamen Kehua Shuneng Technology Co., Ltd.
10.9.1 Xiamen Kehua Shuneng Technology Co., Ltd. Company Information, Head Office, Market Area, and Industry Position
10.9.2 Xiamen Kehua Shuneng Technology Co., Ltd. Grid Forming Power Conversion System (PCS) Models, Specifications, and Application
10.9.3 Xiamen Kehua Shuneng Technology Co., Ltd. Grid Forming Power Conversion System (PCS) Sales Volume, Revenue, Price and Gross Margin, 2020-2025
10.9.4 Xiamen Kehua Shuneng Technology Co., Ltd. Company Profile and Main Business
10.9.5 Xiamen Kehua Shuneng Technology Co., Ltd. Recent Developments
10.10 Beijing Hyperstrong Technology Co., Ltd.
10.10.1 Beijing Hyperstrong Technology Co., Ltd. Company Information, Head Office, Market Area, and Industry Position
10.10.2 Beijing Hyperstrong Technology Co., Ltd. Grid Forming Power Conversion System (PCS) Models, Specifications, and Application
10.10.3 Beijing Hyperstrong Technology Co., Ltd. Grid Forming Power Conversion System (PCS) Sales Volume, Revenue, Price and Gross Margin, 2020-2025
10.10.4 Beijing Hyperstrong Technology Co., Ltd. Company Profile and Main Business
10.10.5 Beijing Hyperstrong Technology Co., Ltd. Recent Developments
11 Conclusion
12 Appendix
12.1 Research Methodology
12.2 Data Source
12.2.1 Secondary Sources
12.2.2 Primary Sources
12.3 Market Estimation Model
12.4 Disclaimer
Tables & Figures:
List of Tables
Table 1. Grid Forming Power Conversion System (PCS) Market Size & CAGR: China VS Global, 2020-2031, US$ Million
Table 2. Grid Forming Power Conversion System (PCS) Market Restraints
Table 3. Grid Forming Power Conversion System (PCS) Market Trends
Table 4. Grid Forming Power Conversion System (PCS) Industry Policy
Table 5. Global Grid Forming Power Conversion System (PCS) Revenue by Company, 2020-2025, US$ million
Table 6. Global Grid Forming Power Conversion System (PCS) Revenue Market Share by Company, 2020-2025
Table 7. Global Grid Forming Power Conversion System (PCS) Sales Volume by Company, 2020-2025, (Units)
Table 8. Global Grid Forming Power Conversion System (PCS) Sales Volume by Company, 2020-2025
Table 9. Global Grid Forming Power Conversion System (PCS) Price by Company, 2020-2025, (US$/Unit)
Table 10. Global Grid Forming Power Conversion System (PCS) Manufacturers Market Concentration Ratio (CR3 and HHI)
Table 11. Global Grid Forming Power Conversion System (PCS) Mergers & Acquisitions, Expansion Plans
Table 12. Global Grid Forming Power Conversion System (PCS) Manufacturers Product Type
Table 13. China Grid Forming Power Conversion System (PCS) Revenue by Company, 2020-2025, US$ million
Table 14. China Grid Forming Power Conversion System (PCS) Revenue Market Share by Company, 2020-2025
Table 15. China Grid Forming Power Conversion System (PCS) Sales Volume by Company, 2020-2025, (Units)
Table 16. China Grid Forming Power Conversion System (PCS) Sales Volume Market Share by Company, 2020-2025
Table 17. China Market, Grid Forming Power Conversion System (PCS) Production, Sales, Import and Export, 2020-2025, (Units)
Table 18. China Market, Grid Forming Power Conversion System (PCS) Production, Sales, Import and Export, 2020-2031, (Units)
Table 19. China Grid Forming Power Conversion System (PCS) Import & Export Trends
Table 20. Main Sources of China Grid Forming Power Conversion System (PCS) Import
Table 21. Export Destination of China Grid Forming Power Conversion System (PCS)
Table 22. Global Headquarters and Manufacturing Base of Grid Forming Power Conversion System (PCS) Manufacturers
Table 23. Global Major Manufacturers, Grid Forming Power Conversion System (PCS) Capacity Expansion and Future Plans
Table 24. Global Grid Forming Power Conversion System (PCS) Production & Forecast by Region, 2020 VS 2024 VS 2031, (Units)
Table 25. Global Grid Forming Power Conversion System (PCS) Production by Region, 2020-2025, (Units)
Table 26. Global Grid Forming Power Conversion System (PCS) Production Forecast by Region, 2026-2031, (Units)
Table 27. Global Key Players of Grid Forming Power Conversion System (PCS) Upstream (Raw Materials)
Table 28. Global Grid Forming Power Conversion System (PCS) Typical Customers
Table 29. Grid Forming Power Conversion System (PCS) Typical Distributors
Table 30. by Type, Global Grid Forming Power Conversion System (PCS) Revenue & CAGR, 2020 VS 2024 VS 2031, US$ Million
Table 31. by Application, Global Grid Forming Power Conversion System (PCS) Revenue & CAGR, 2020 VS 2024 VS 2031, US$ Million
Table 32. By Region, Global Grid Forming Power Conversion System (PCS) Market Size, 2020 VS 2024 VS 2031, US$ Million
Table 33. By Region, Global Grid Forming Power Conversion System (PCS) Revenue, 2020-2031, US$ Million
Table 34. By Region, Global Grid Forming Power Conversion System (PCS) Revenue, 2026-2031, US$ Million
Table 35. By Region, Global Grid Forming Power Conversion System (PCS) Sales Volume, 2020-2025, (Units)
Table 36. By Region, Global Grid Forming Power Conversion System (PCS) Sales Volume, 2020-2031, (Units)
Table 37. By Country, Global Grid Forming Power Conversion System (PCS) Revenue & CAGR，2020 VS 2024 VS 2031, US$ Million
Table 38. By Country, Global Grid Forming Power Conversion System (PCS) Revenue, 2020-2025, US$ Million
Table 39. By Country, Global Grid Forming Power Conversion System (PCS) Revenue, 2026-2031, US$ Million
Table 40. By Country, Global Grid Forming Power Conversion System (PCS) Revenue Market Share, 2020-2025
Table 41. By Country, Global Grid Forming Power Conversion System (PCS) Revenue Market Share, 2026-2031
Table 42. By Country, Global Grid Forming Power Conversion System (PCS) Sales Volume, 2020-2025, (Units)
Table 43. By Country, Global Grid Forming Power Conversion System (PCS) Sales Volume, 2026-2031, (Units)
Table 44. By Country, Global Grid Forming Power Conversion System (PCS) Sales Volume Market Share, 2020-2025
Table 45. By Country, Global Grid Forming Power Conversion System (PCS) Sales Volume Market Share, 2026-2031
Table 46. Shenzhen Sinexcel Electric Co., Ltd. Company Information, Head Office, Market Area, and Industry Position
Table 47. Shenzhen Sinexcel Electric Co., Ltd. Grid Forming Power Conversion System (PCS) Models, Specifications, and Application
Table 48. Shenzhen Sinexcel Electric Co., Ltd. Grid Forming Power Conversion System (PCS) Sales Volume (Units), Revenue (US$ Million), Price (US$/Unit) and Gross Margin, 2020-2025
Table 49. Shenzhen Sinexcel Electric Co., Ltd. Company Profile and Main Business
Table 50. Shenzhen Sinexcel Electric Co., Ltd. Recent Developments
Table 51. Sineng Electric Co., Ltd. Company Information, Head Office, Market Area, and Industry Position
Table 52. Sineng Electric Co., Ltd. Grid Forming Power Conversion System (PCS) Models, Specifications, and Application
Table 53. Sineng Electric Co., Ltd. Grid Forming Power Conversion System (PCS) Sales Volume (Units), Revenue (US$ Million), Price (US$/Unit) and Gross Margin, 2020-2025
Table 54. Sineng Electric Co., Ltd. Company Profile and Main Business
Table 55. Sineng Electric Co., Ltd. Recent Developments
Table 56. Beijing Soaring Electric Technology Co., Ltd. Company Information, Head Office, Market Area, and Industry Position
Table 57. Beijing Soaring Electric Technology Co., Ltd. Grid Forming Power Conversion System (PCS) Models, Specifications, and Application
Table 58. Beijing Soaring Electric Technology Co., Ltd. Grid Forming Power Conversion System (PCS) Sales Volume (Units), Revenue (US$ Million), Price (US$/Unit) and Gross Margin, 2020-2025
Table 59. Beijing Soaring Electric Technology Co., Ltd. Company Profile and Main Business
Table 60. Beijing Soaring Electric Technology Co., Ltd. Recent Developments
Table 61. Sungrow Power Supply Co., Ltd. Company Information, Head Office, Market Area, and Industry Position
Table 62. Sungrow Power Supply Co., Ltd. Grid Forming Power Conversion System (PCS) Models, Specifications, and Application
Table 63. Sungrow Power Supply Co., Ltd. Grid Forming Power Conversion System (PCS) Sales Volume (Units), Revenue (US$ Million), Price (US$/Unit) and Gross Margin, 2020-2025
Table 64. Sungrow Power Supply Co., Ltd. Company Profile and Main Business
Table 65. Sungrow Power Supply Co., Ltd. Recent Developments
Table 66. SMA Company Information, Head Office, Market Area, and Industry Position
Table 67. SMA Grid Forming Power Conversion System (PCS) Models, Specifications, and Application
Table 68. SMA Grid Forming Power Conversion System (PCS) Sales Volume (Units), Revenue (US$ Million), Price (US$/Unit) and Gross Margin, 2020-2025
Table 69. SMA Company Profile and Main Business
Table 70. SMA Recent Developments
Table 71. Fujian Nebula Electronics Co., Ltd. Company Information, Head Office, Market Area, and Industry Position
Table 72. Fujian Nebula Electronics Co., Ltd. Grid Forming Power Conversion System (PCS) Models, Specifications, and Application
Table 73. Fujian Nebula Electronics Co., Ltd. Grid Forming Power Conversion System (PCS) Sales Volume (Units), Revenue (US$ Million), Price (US$/Unit) and Gross Margin, 2020-2025
Table 74. Fujian Nebula Electronics Co., Ltd. Company Profile and Main Business
Table 75. Fujian Nebula Electronics Co., Ltd. Recent Developments
Table 76. NREC Company Information, Head Office, Market Area, and Industry Position
Table 77. NREC Grid Forming Power Conversion System (PCS) Models, Specifications, and Application
Table 78. NREC Grid Forming Power Conversion System (PCS) Sales Volume (Units), Revenue (US$ Million), Price (US$/Unit) and Gross Margin, 2020-2025
Table 79. NREC Company Profile and Main Business
Table 80. NREC Recent Developments
Table 81. Hi-Tech Company Information, Head Office, Market Area, and Industry Position
Table 82. Hi-Tech Grid Forming Power Conversion System (PCS) Models, Specifications, and Application
Table 83. Hi-Tech Grid Forming Power Conversion System (PCS) Sales Volume (Units), Revenue (US$ Million), Price (US$/Unit) and Gross Margin, 2020-2025
Table 84. Hi-Tech Company Profile and Main Business
Table 85. Hi-Tech Recent Developments
Table 86. Xiamen Kehua Shuneng Technology Co., Ltd. Company Information, Head Office, Market Area, and Industry Position
Table 87. Xiamen Kehua Shuneng Technology Co., Ltd. Grid Forming Power Conversion System (PCS) Models, Specifications, and Application
Table 88. Xiamen Kehua Shuneng Technology Co., Ltd. Grid Forming Power Conversion System (PCS) Sales Volume (Units), Revenue (US$ Million), Price (US$/Unit) and Gross Margin, 2020-2025
Table 89. Xiamen Kehua Shuneng Technology Co., Ltd. Company Profile and Main Business
Table 90. Xiamen Kehua Shuneng Technology Co., Ltd. Recent Developments
Table 91. Beijing Hyperstrong Technology Co., Ltd. Company Information, Head Office, Market Area, and Industry Position
Table 92. Beijing Hyperstrong Technology Co., Ltd. Grid Forming Power Conversion System (PCS) Models, Specifications, and Application
Table 93. Beijing Hyperstrong Technology Co., Ltd. Grid Forming Power Conversion System (PCS) Sales Volume (Units), Revenue (US$ Million), Price (US$/Unit) and Gross Margin, 2020-2025
Table 94. Beijing Hyperstrong Technology Co., Ltd. Company Profile and Main Business
Table 95. Beijing Hyperstrong Technology Co., Ltd. Recent Developments
List of Figures
Figure 1. Grid Forming Power Conversion System (PCS) Picture
Figure 2. By Revenue, Global Grid Forming Power Conversion System (PCS) Market Size and Forecast, 2020-2031, US$ Million
Figure 3. By Sales Volume, Global Grid Forming Power Conversion System (PCS) Market Size and Forecast, 2020-2031, (Units)
Figure 4. Global Grid Forming Power Conversion System (PCS) Price Trend, 2020-2031, (US$/Unit)
Figure 5. By Revenue, China Grid Forming Power Conversion System (PCS) Market Size and Forecast, 2020-2031, US$ million
Figure 6. By Sales Volume, China Grid Forming Power Conversion System (PCS) Market Size and Forecast, 2020-2031, (Units)
Figure 7. China Grid Forming Power Conversion System (PCS) Price Trend, 2020-2031 (US$/Unit)
Figure 8. By Revenue, China Grid Forming Power Conversion System (PCS) Share of Global Market, 2020-2031
Figure 9. By Sales Volume, China Grid Forming Power Conversion System (PCS) Share of Global Market, 2020-2031
Figure 10. Global Grid Forming Power Conversion System (PCS) Key Participants, Market Share, 2023 VS 2024 VS 2025
Figure 11. Global Grid Forming Power Conversion System (PCS) Market Share by Company, (Tier 1, Tier 2, and Tier 3), 2024
Figure 12. China Grid Forming Power Conversion System (PCS) Key Participants, Market Share, 2023 VS 2024 VS 2025
Figure 13. China Grid Forming Power Conversion System (PCS) Key Participants, Market Share, 2024
Figure 14. China Grid Forming Power Conversion System (PCS) Revenue, Domestic VS Import Products, Proportion of China Local Players and Foreign Players, 2020-2025
Figure 15. Chinese Local Players, Proportion of Grid Forming Power Conversion System (PCS) Domestic VS Export, 2024
Figure 16. Global Grid Forming Power Conversion System (PCS) Capacity, Production and Capacity Utilization, 2020-2031
Figure 17. Global Grid Forming Power Conversion System (PCS) Capacity Market Share by Region, 2024 VS 2031
Figure 18. Global Grid Forming Power Conversion System (PCS) Production Market Share & Forecast by Region, 2020-2031
Figure 19. Grid Forming Power Conversion System (PCS) Industry Chain
Figure 20. Grid Forming Power Conversion System (PCS) Procurement Model
Figure 21. Grid Forming Power Conversion System (PCS) Sales Model
Figure 22. Grid Forming Power Conversion System (PCS) Sales Channels, Direct Sales, and Distribution
Figure 23. Low Voltage
Figure 24. High Voltage
Figure 25. by Type, Global Grid Forming Power Conversion System (PCS) Revenue, 2020-2031, US$ Million
Figure 26. by Type, Global Grid Forming Power Conversion System (PCS) Revenue Market Share, 2020-2031
Figure 27. by Type, Global Grid Forming Power Conversion System (PCS) Sales Volume, 2020-2031, (Units)
Figure 28. by Type, Global Grid Forming Power Conversion System (PCS) Sales Volume Market Share, 2020-2031
Figure 29. by Type, Global Grid Forming Power Conversion System (PCS) Price, 2020-2031, (US$/Unit)
Figure 30. Industrial
Figure 31. Commercial
Figure 32. Public Utility
Figure 33. by Application, Global Grid Forming Power Conversion System (PCS) Revenue, 2020-2031, US$ Million
Figure 34. by Application, Global Grid Forming Power Conversion System (PCS) Revenue Market Share, 2020-2031
Figure 35. by Application, Global Grid Forming Power Conversion System (PCS) Sales Volume, 2020-2031, (Units)
Figure 36. by Application, Global Grid Forming Power Conversion System (PCS) Sales Volume Market Share, 2020-2031
Figure 37. by Application, Global Grid Forming Power Conversion System (PCS) Price, 2020-2031, (US$/Unit)
Figure 38. By Region, Global Grid Forming Power Conversion System (PCS) Revenue Market Share, 2020-2031
Figure 39. By Region, Global Grid Forming Power Conversion System (PCS) Sales Volume Market Share, 2020-2031
Figure 40. North America Grid Forming Power Conversion System (PCS) Revenue & Forecasts, 2020-2031, US$ Million
Figure 41. By Country, North America Grid Forming Power Conversion System (PCS) Revenue Market Share, 2024
Figure 42. Europe Grid Forming Power Conversion System (PCS) Revenue & Forecasts, 2020-2031, US$ Million
Figure 43. By Country, Europe Grid Forming Power Conversion System (PCS) Revenue Market Share, 2024
Figure 44. Asia Pacific Grid Forming Power Conversion System (PCS) Revenue & Forecasts, 2020-2031, US$ Million
Figure 45. By Country/Region, Asia Pacific Grid Forming Power Conversion System (PCS) Revenue Market Share, 2024
Figure 46. South America Grid Forming Power Conversion System (PCS) Revenue & Forecasts, 2020-2031, US$ Million
Figure 47. By Country, South America Grid Forming Power Conversion System (PCS) Revenue Market Share, 2024
Figure 48. Middle East & Africa Grid Forming Power Conversion System (PCS) Revenue & Forecasts, 2020-2031, US$ Million
Figure 49. United States Grid Forming Power Conversion System (PCS) Sales Volume, 2020-2031, (Units)
Figure 50. By Company, United States Grid Forming Power Conversion System (PCS) Market Share, 2024
Figure 51. by Type, United States Grid Forming Power Conversion System (PCS) Sales Volume Market Share, 2024 VS 2031
Figure 52. by Application, United States Grid Forming Power Conversion System (PCS) Sales Volume Market Share, 2024 VS 2031
Figure 53. Europe Grid Forming Power Conversion System (PCS) Sales Volume, 2020-2031, (Units)
Figure 54. By Company, Europe Grid Forming Power Conversion System (PCS) Market Share, 2024
Figure 55. by Type, Europe Grid Forming Power Conversion System (PCS) Market Size, Share, 2024 VS 2031
Figure 56. by Application, Europe Grid Forming Power Conversion System (PCS) Market Size, Share, 2024 VS 2031
Figure 57. China Grid Forming Power Conversion System (PCS) Sales Volume, 2020-2031, (Units)
Figure 58. By Company, China Grid Forming Power Conversion System (PCS) Market Share, 2024
Figure 59. by Type, China Grid Forming Power Conversion System (PCS) Market Size, Share, 2024 VS 2031
Figure 60. by Application, China Grid Forming Power Conversion System (PCS) Market Size, Share, 2024 VS 2031
Figure 61. Japan Grid Forming Power Conversion System (PCS) Sales Volume, 2020-2031, (Units)
Figure 62. By Company, Japan Grid Forming Power Conversion System (PCS) Market Share, 2024
Figure 63. by Type, Japan Grid Forming Power Conversion System (PCS) Market Size, Share, 2024 VS 2031
Figure 64. by Application, Japan Grid Forming Power Conversion System (PCS) Market Size, Share, 2024 VS 2031
Figure 65. South Korea Grid Forming Power Conversion System (PCS) Sales Volume, 2020-2031, (Units)
Figure 66. By Company, South Korea Grid Forming Power Conversion System (PCS) Market Share, 2024
Figure 67. by Type, South Korea Grid Forming Power Conversion System (PCS) Market Size, Share, 2024 VS 2031
Figure 68. by Application, South Korea Grid Forming Power Conversion System (PCS) Market Size, Share, 2024 VS 2031
Figure 69. Southeast Asia Grid Forming Power Conversion System (PCS) Sales Volume, 2020-2031, (Units)
Figure 70. By Company, Southeast Asia Grid Forming Power Conversion System (PCS) Market Share, 2024
Figure 71. by Type, Southeast Asia Grid Forming Power Conversion System (PCS) Market Size, Share, 2024 VS 2031
Figure 72. by Application, Southeast Asia Grid Forming Power Conversion System (PCS) Market Size, Share, 2024 VS 2031
Figure 73. India Grid Forming Power Conversion System (PCS) Sales Volume, 2020-2031, (Units)
Figure 74. By Company, India Grid Forming Power Conversion System (PCS) Market Share, 2024
Figure 75. by Type, India Grid Forming Power Conversion System (PCS) Market Size, Share, 2024 VS 2031
Figure 76. by Application, India Grid Forming Power Conversion System (PCS) Market Size, Share, 2024 VS 2031
Figure 77. Middle East & Africa Grid Forming Power Conversion System (PCS) Sales Volume, 2020-2031, (Units)
Figure 78. By Company, Middle East & Africa Grid Forming Power Conversion System (PCS) Market Share, 2024
Figure 79. by Type, Middle East & Africa Grid Forming Power Conversion System (PCS) Market Size, Share, 2024 VS 2031
Figure 80. by Application, Middle East & Africa Grid Forming Power Conversion System (PCS) Market Size, Share, 2024 VS 2031
Figure 81. Research Methodology
Figure 82. Breakdown of Primary Interviews
Figure 83. Bottom-up Approaches
Figure 84. Top-down Approaches
Research Methodology:
Grid Forming Power Conversion System (PCS) Market Size Estimation
To estimate market size and trends, we use a combination of top-down and bottom-up methods. This allows us to evaluate the market from various perspectives—by company, region, product type, and end users.
Our estimates are based on actual sales data, excluding any discounts. Segment breakdowns and market shares are calculated using weighted averages based on usage rates and average prices. Regional insights are determined by how widely a product or service is adopted in each area.
Key companies are identified through secondary sources like industry reports and company filings. We then verify revenue estimates and other key data points through primary research, including interviews with industry experts, company executives, and decision-makers.
We take into account all relevant factors that could influence the market and validate our findings with real-world input. Our final insights combine both qualitative and quantitative data to provide a well-rounded view. Please note, these estimates do not account for unexpected changes such as inflation, economic downturns, or policy shifts.
Data Source
Secondary Sources
This study draws on a wide range of secondary sources, including press releases, annual reports, non-profit organizations, industry associations, government agencies, and customs data. We also referred to reputable databases and directories such as Bloomberg, Wind Info, Hoovers, Factiva, Trading Economics, Statista, and others. Additional references include investor presentations, company filings (e.g., SEC), economic data, and documents from regulatory and industry bodies.
These sources were used to gather technical and market-focused insights, identify key players, analyze market segmentation and classification, and track major trends and developments across industries.
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Primary Sources
As part of our primary research, we interviewed a variety of stakeholders from both the supply and demand sides to gather valuable qualitative and quantitative insights.
On the supply side, we spoke with product manufacturers, competitors, industry experts, research institutions, distributors, traders, and raw material suppliers. On the demand side, we engaged with business leaders, marketing and sales heads, technology and innovation directors, supply chain executives, and end users across key organizations.
These conversations helped us better understand market segmentation, pricing, applications, leading players, supply chains, demand trends, industry outlook, and key market dynamics—including risks, opportunities, barriers, and strategic developments.
Key Data Information from Primary Sources
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