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Modular Multilevel Converter Market to Reach USD 3739 Million by 2031, Fueled by HVDC Growth

06-08-2025 01:57 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Valuates Reports

Modular Multilevel Converters (MMC) Market Size

The global market for Modular Multilevel Converters (MMC) was valued at US$ 2326 million in the year 2024 and is projected to reach a revised size of US$ 3739 million by 2031, growing at a CAGR of 7.1% during the forecast period.

Get Free Sample: https://reports.valuates.com/request/sample/QYRE-Auto-38N16103/Global_Modular_Multilevel_Converters_MMC_Market_Research_Report_2023

Global key players of Modular Multilevel Converters (MMC) include Siemens Energy, Hitachi Energy, GE Vernova, NARI Technology, Toshiba, etc. The top five players hold a share about 71%. Asia-Pacific is the largest market, and has a share about 53%, followed by Europe and North America with share 25% and 17%, separately. In terms of product type, Half Bridge Type is the largest segment, accounting for a share of 87%. In terms of application, HVDC is the largest field with a share about 59 percent.

For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.

By Type
• Full Bridge Type
• Half Bridge Type

By Application
• HVDC
• FACTS
• Others

Key Companies
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

View Full Report: https://reports.valuates.com/market-reports/QYRE-Auto-38N16103/global-modular-multilevel-converters-mmc

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Valuates offers an extensive collection of market research reports that helps companies to take intelligent strategical decisions based on current and forecasted Market trends.

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