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China Wind Power Converter Industry Market Analysis Report

China Wind Power Converter Industry Market Analysis Report

Last Update:2014-04-24

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The global output value creating by wind power industry is about 40 billion euro (55 billion USD) in 2010 while it is 50 billion euro (70 billion USD) in 2009. The decline of global wind power industry output value in 2010 relates to the decreasing wind power generation cost and the industry transferring towards China. In 2010, China becomes the country with the biggest wind power installed capacity as well as the center of international wind power industry. The proportion of China to the global wind market exceeds 50%.

In the aspect of offshore wind power generation, China build a second major offshore wind field on the open sea next to Shanghai. The installed capacity reaches 100MW. Comparing with the total wind power installed capacity in China the offshore wind power takes a tiny part (the new installed capacity accounts for only 0.5% of the total new installed capacity).

The experts from the Chinese Academy of Engineering and Energy Research Institute of National Development and Reform Commission predict that China’s wind power installed capacity in 2020 will be 100 million kW if with slow growth, 150 million kW if with moderate growth and 200 million kW if with fast growth. Meanwhile, the proportion of wind power to total energy consumption under these three conditions will be 1.6%, 2.5% and 3.3%.

The fast growth of China’s wind power installed capacity provides powerful driving force for the development of China’s wind power converter industry. In 2009 the market capacity of China’s wind power converter is 6 billion Yuan. Among which the demand from direct driving fan is 2,202 MW with a market capacity of 1.4 billion Yuan while the demand from new double-fed installed capacity is 11,608 MW with a market capacity of 4.6 billion Yuan. And in 2010, the demand from direct driving fan is 3,230 MW with a market capacity of about 1.9 billion Yuan while the demand from new double-fed installed capacity is 9,770 MW with a market capacity of about 3.5 billion Yuan. The total market capacity of China’s wind power converter is about 5.5 billion Yuan.

In 2009 there are about 3,000 sets of megawatt wind power converter in China and most of the converters are 1.5 MW level. Presently, corporations with a production capacity of 1.5 MW mainly include Q-harvest, CORONA, Sun Grow Power, Hopewind, and CSR TIMES ELECTRIC. Still, the converter is in small scale production. From the planning production capacity, major corporations in China will form the production capacity of over 4,000 converters in 2011. And the single production capacity of Sun Grow Power, Hopewind, and CSR TIMES ELECTRIC may reaches 1,000 in 2011.

There are only few of the wind power components not yet realize localization. And wind power converter is one of the few. The import substitution will bring many investment opportunities which also why we pay attention to the converter market and write this report. Technically speaking, in order to improve the stability and useful life of wind turbine, it is the trend for the development of complete machine to simplify the machine components and complicate the power electronic control units. Therefore, the significance of converter is increasing. At present, the market share of foreign brands in domestic wind power converter market exceeds 95%. Driving by the import substitution policy and industry high profitability, the domestic corporations are speeding up the product R&D. Predicting by the capacity planning of major corporations, the market share of domestic product may break through 1/3 in the following 2-3 years.

With Forward’s the long-term tracking and collecting market data of wind power converter industry, we roundly and accurately analyze the structure system for you from the view of mastering the whole industry. This report will base on the macro condition of current wind power converter industry, production and marketing condition, industry demand trend of auto industry, then detailed analyzes the market scale, technology level and industry prospects forecast of China wind power converter industry.

This report mainly analyzes the following aspects: development overview of China’s wind power converter; market capacity of China’s wind power automation products; market scale and localization process of wind power converter; technology level and trend of wind power converter; leading corporations’ operational condition in wind power converter market; market prospects forecast of wind power converter. Meanwhile, together with the comprehensive and detailed market data which is accumulated for 5 years, Forward helps you to grasp the market and development trends of wind power converter industry, so as to win advantages from competition!

Major characteristics of this report are forward-looking and timeliness. Base on the forward-looking analysis of massive research data, we further analyze the development scale and competitive landscape of wind power converter industry. Along with the industry development route and our practical experience, we analyze and predict the future development prospect of wind power converter industry. This report is of a high value for wind power converter manufacturers, investment corporations, downstream demanding corporations and R&D institutes to accurately know the latest industry development trend, and obtain market opportunities and determine an insightful operation strategy and development direction. In the meantime, it is the first heavy weight report to analyze the up/down-stream industry chain and industry leading corporations of wind power converter industry in an overall and systemic way.

Here, we’d like to express our sincere gratitude to National Statistics Bureau of China, International Information Institute, General Administration of Customs, National Institute of the Ministry of Commerce, National Tsing Hua University Library, Institute of Market Economy of the State Council Development Research Center, and Beijing Qinghua Forward Market Research Center, etc. Thank you so much!

Notice: all the market data, especially the corporation list data in this report is only for business reference. Please don’t take the data for enterprise publicity. Thank you! Or Forward shall not take any responsibility for any consequences!


Qianzhan Business Information Co., Ltd. Industry Research Center
Research Team of Wind Power Converter Industry

China Wind Power Converter Industry Report" related reports »

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