Report overview
Power Conversion System (PCS) is a device that is connected between the battery system and the power grid to achieve two-way conversion of electrical energy. It can control the charging and discharging process of the battery, perform AC and DC conversion. It covers battery storage inverter and transformer rectifiers, etc. Energy storage is the capture of energy produced at one time for use at a later time. A device that stores energy is generally called an accumulator or battery.
This report aims to provide a comprehensive presentation of the global market for Power Conversion System (PCS) Electrochemical Energy Storage System, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Power Conversion System (PCS) Electrochemical Energy Storage System. This report contains market size and forecasts of Power Conversion System (PCS) Electrochemical Energy Storage System in global, including the following market information:
Global Power Conversion System (PCS) Electrochemical Energy Storage System Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global Power Conversion System (PCS) Electrochemical Energy Storage System Market Sales, 2018-2023, 2024-2029, (MW)
Global top five Power Conversion System (PCS) Electrochemical Energy Storage System companies in 2022 (%)
The global Power Conversion System (PCS) Electrochemical Energy Storage System market was valued at US$ 1763.6 million in 2022 and is projected to reach US$ 8812.8 million by 2029, at a CAGR of 25.8% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
The major players in global Power Conversion System (PCS) Electrochemical Energy Storage System market include Samsung SDI, LG Chem, Fluence, etc. The top 3 players occupy about 50% shares of the global market. Asia-Pacific is the main market, and occupies about 70% of the global market. Lithium Battery is the main type, with a share about 95%. Power Station is the main application, which holds a share over 95%.
We surveyed the Power Conversion System (PCS) Electrochemical Energy Storage System 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 Power Conversion System (PCS) Electrochemical Energy Storage System Market, by Type, 2018-2023, 2024-2029 ($ Millions) & (MW)
Global Power Conversion System (PCS) Electrochemical Energy Storage System Market Segment Percentages, by Type, 2022 (%)
Lithium Battery
Lead Acid Battery
Others
Global Power Conversion System (PCS) Electrochemical Energy Storage System Market, by Application, 2018-2023, 2024-2029 ($ Millions) & (MW)
Global Power Conversion System (PCS) Electrochemical Energy Storage System Market Segment Percentages, by Application, 2022 (%)
Power Station
Others
Global Power Conversion System (PCS) Electrochemical Energy Storage System Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions) & (MW)
Global Power Conversion System (PCS) Electrochemical Energy Storage System Market Segment Percentages, By Region and Country, 2022 (%)
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 Power Conversion System (PCS) Electrochemical Energy Storage System revenues in global market, 2018-2023 (Estimated), ($ millions)
Key companies Power Conversion System (PCS) Electrochemical Energy Storage System revenues share in global market, 2022 (%)
Key companies Power Conversion System (PCS) Electrochemical Energy Storage System sales in global market, 2018-2023 (Estimated), (MW)
Key companies Power Conversion System (PCS) Electrochemical Energy Storage System sales share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
Samsung SDI
LG Chem
Fluence
Showa Denko Material Co., Ltd
BYD
Tesla
Kokam
LSIS
SMA Solar Technology
Outline of Major Chapters:
Chapter 1: Introduces the definition of Power Conversion System (PCS) Electrochemical Energy Storage System, market overview.
Chapter 2: Global Power Conversion System (PCS) Electrochemical Energy Storage System market size in revenue and volume.
Chapter 3: Detailed analysis of Power Conversion System (PCS) Electrochemical Energy Storage System manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various 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.
Chapter 5: 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.
Chapter 6: Sales of Power Conversion System (PCS) Electrochemical Energy Storage System in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
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.
Chapter 8: Global Power Conversion System (PCS) Electrochemical Energy Storage System capacity by region & country.
Chapter 9: Introduces 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.
Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 11: The main points and conclusions of the report.
