Press release
Modular Multilevel Converters (MMC) Market Size 2024: Forecast and Analysis to 2030
Modular Multi-Level Converter (MMC) is a power electronic device commonly used in high-voltage direct current transmission (HVDC) systems. It realizes the control and regulation of high-voltage direct current transmission lines by cascading multiple units. MMC adopts a modular structure. Each module is composed of a capacitor and several switching devices (such as thyristors or IGBTs, etc.), which can achieve multiple output voltages of different levels. This structure enables MMC to have higher voltage, current and power capacity, and can achieve higher voltage levels and lower harmonic content, thereby improving power transmission efficiency and stability.
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Modular Multi-Level Converter (MMC) is a power electronic device commonly used in high-voltage direct current transmission (HVDC) systems. It realizes the control and regulation of high-voltage direct current transmission lines by cascading multiple units. MMC adopts a modular structure. Each module is composed of a capacitor and several switching devices (such as thyristors or IGBTs, etc.), which can achieve multiple output voltages of different levels. This structure enables MMC to have higher voltage, current and power capacity, and can achieve higher voltage levels and lower harmonic content, thereby improving power transmission efficiency and stability.
According to the new market research report "Modular Multilevel Converters (MMC)- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030", published by QYResearch, the global Modular Multilevel Converters (MMC) market size is projected to reach USD 3.51 billion by 2030, at a CAGR of 7.2% during the forecast period.
According to QYResearch Top Players Research Center, the global key manufacturers of Modular Multilevel Converters (MMC) include Siemens Energy, Hitachi Energy, GE Vernova, NARI Technology, Toshiba, Rongxin Huiko Electric, XJ Electric, Hyosung Heavy Industries, Innomotics, XD Electric, etc. In 2023, the global top five players had a share approximately 71.0% in terms of revenue.
The report provides a detailed analysis of the market size, growth potential, and key trends for each segment. Through detailed analysis, industry players can identify profit opportunities, develop strategies for specific customer segments, and allocate resources effectively.
The Modular Multilevel Converters (MMC) market is segmented as below:
By Company
Siemens Energy
Hitachi Energy
GE Vernova
NARI Technology
Toshiba
Rongxin Huiko Electric
XJ Electric
Hyosung Heavy Industries
Innomotics
XD Electric
TBEA
Sifang Automation
Mitsubishi Electric
Segment by Type
Full Bridge Type
Half Bridge Type
Others
Segment by Application
HVDC
FACTS
Others
Each chapter of the report provides detailed information for readers to further understand the Modular Multilevel Converters (MMC) market:
Chapter 1: Introduces the report scope of the Modular Multilevel Converters (MMC) report, global total market size (valve, volume and price). This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry. (2019-2030)
Chapter 2: Detailed analysis of Modular Multilevel Converters (MMC) manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc. (2019-2024)
Chapter 3: Provides the analysis of various Modular Multilevel Converters (MMC) market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments. (2019-2030)
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.(2019-2030)
Chapter 5: Sales, revenue of Modular Multilevel Converters (MMC) in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world..(2019-2030)
Chapter 6: Sales, revenue of Modular Multilevel Converters (MMC) in country level. It provides sigmate data by Type, and by Application for each country/region.(2019-2030)
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc. (2019-2024)
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.
Benefits of purchasing QYResearch report:
Competitive Analysis: QYResearch provides in-depth Modular Multilevel Converters (MMC) competitive analysis, including information on key company profiles, new entrants, acquisitions, mergers, large market shear, opportunities, and challenges. These analyses provide clients with a comprehensive understanding of market conditions and competitive dynamics, enabling them to develop effective market strategies and maintain their competitive edge.
Industry Analysis: QYResearch provides Modular Multilevel Converters (MMC) comprehensive industry data and trend analysis, including raw material analysis, market application analysis, product type analysis, market demand analysis, market supply analysis, downstream market analysis, and supply chain analysis.
and trend analysis. These analyses help clients understand the direction of industry development and make informed business decisions.
Market Size: QYResearch provides Modular Multilevel Converters (MMC) market size analysis, including capacity, production, sales, production value, price, cost, and profit analysis. This data helps clients understand market size and development potential, and is an important reference for business development.
Other relevant reports of QYResearch:
Global and Japan Modular Multilevel Converters (MMC) Market Report & Forecast 2024-2030
Global Modular Multilevel Converters (MMC) Market Insights, Forecast to 2030
Global Modular Multilevel Converters (MMC) Market Research Report 2024
Global Modular Multilevel Converters (MMC) STATCOM Market Research Report 2024
Global and United States Modular Multilevel Converters (MMC) STATCOM Market Report & Forecast 2024-2030
Global Modular Multilevel Converters (MMC) STATCOM Market Insights, Forecast to 2030
Modular Multilevel Converters (MMC) STATCOM- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030
Global Modular Multilevel Converter (MMC) Test Bench Market Insights, Forecast to 2030
Global Modular Multilevel Converter (MMC) Test Bench Market Research Report 2024
Global and United States Modular Multilevel Converters (MMC) Static Synchronous Compensator Market Report & Forecast 2024-2030
Global Modular Multilevel Converters (MMC) Static Synchronous Compensator Market Research Report 2024
Global Modular Multilevel Converters (MMC) Static Synchronous Compensator Market Insights, Forecast to 2030
Modular Multilevel Converters (MMC) Static Synchronous Compensator- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030
Global Modular Multilevel Converters (MMC) Market Research Report 2023
Global Modular Multilevel Converters (MMC) Market Insights, Forecast to 2029
Global and India Modular Multilevel Converters (MMC) Market Report & Forecast 2023-2029
Modular Multilevel Converters (MMC) - Global Market Insights and Sales Trends 2024
Global Modular Multilevel Converter (MMC) Test Bench Market Research Report 2023
Global Modular Multilevel Converter (MMC) Test Bench Market Insights, Forecast to 2029
Global and India Modular Multilevel Converter (MMC) Test Bench Market Report & Forecast 2023-2029
About Us：
QYResearch founded in California, USA in 2007, which is a leading global market research and consulting company. Our primary business include market research reports, custom reports, commissioned research, IPO consultancy, business plans, etc. With over 17 years of experience and a dedicated research team, we are well placed to provide useful information and data for your business, and we have established offices in 7 countries (include United States, Germany, Switzerland, Japan, Korea, China and India) and business partners in over 30 countries. We have provided industrial information services to more than 60,000 companies in over the world.
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