As one of key components of a wind generating set, the wind power converter accounts for 17.9% of costs of wind power equipment automation products. It can optimize the operation of wind power system, improve the efficiency of wind turbine, reduce power loss, and raise utilization of wind energy.
In 2014, the global installed wind power capacity increased by 47.3GW, up 33.9% from a year earlier. In particular, China contributed 17.7GW, a 9.6% rise year on year, ranking the world's first for five consecutive years.
Driven by the resumption of offshore wind power projects in August 2013 and the State's support for wind power industry, the output value of China's wind power converter industry amounted to RMB5.8 billion in 2014, up 11.5% from a year earlier. The demand was 10,727 sets, rising by 14.7%, year on year.
At present, the 1.5MW and 2MW wind power converters are widely used in the market, with the total demand for both accounting for more than 80%. In the future, as offshore wind power expands, the industry's R&D focus will be shifted to 5MW-10MW wind power converters.
Now that China's wind power industry started relatively late, the domestic wind power converter market was monopolized by the foreign players like ABB, Emerson, and Siemens. In contrast, the Chinese enterprises such as Sungrow Power Supply, Hi-Tech Control, Zhuzhou CSR Times Electric occupied a mere 5% market share.
ABB: In 2014, the company released a new air cooled doubly-fed wind power converter, targeting China's onshore and offshore utility-scale wind turbines, with the power range of 1.5MW-2.2MW.
Emerson: In October 2014, WinTrust series 2MW doubly-fed wind power converter (air cooled) products won the bid for the Yunnan Huadian's Daheishan Project; in January 2015, WinTrust series 2MW doubly-fed wind power converter (water cooled) products won the tender for Huadian Anhui's Wuwei Project.
Sungrow Power Supply: in early 2014, the company completed a 600,000 kw/a wind power converter technological transformation project, including a 400,000 kw/a full-power wind power converter capacity and 200,000 kw/a doubly-fed wind power converter; in October 2014, the company launched a full-power wind power converter for the ?5MW offshore wind power turbine unit.
Hi-Tech Control: In recent years, the company has aggressively developed wind power converters. In 2014, it developed 5.5MW WINGREEN high-voltage high-power offshore wind power converter; in 2015, it will develop 3.0MW full power (liquid cooled) wind power converter.
Global and China Wind Power Converter Industry Report, 2014-2018 by ResearchInChina is primarily concerned with the following:
Status quo and competitive landscape, etc. of global wind power converter market; Development environment, market size, competitive landscape, etc. of China's wind power converter industry; Market size and competition pattern, etc. of IGBT and relay, etc. in China and the World; Market size, market structure, imports and exports, competition pattern, etc. of installed wind power in China and the World; Operation and revenue structure of 8 foreign wind power converter manufacturers and their layout in China; Operation, revenue structure, competitive edges, etc. of 16 Chinese wind power converter manufacturers.
Our reports have been used by over 10K customers, including:
Wind Power Market, Update 2018 - Global Market Size, Average Price, Turbine Market Share, and Key Country Analysis to 2025 Summary Wind Power has seen tremendous growth over the past few years and is expected to maintain its competitiveness in the energy market.In 2006, electricity from wind power...
Abstract Wind Power in China The Wind Power industry in China generates power by natural wind from the ocean as well as the land. As a clean and renewable energy source, wind power is playing an increasingly significant role in power generation, ranking after thermal power, hydroelectric power and nuclear...
Asia Pacific Renewable Energy Policy Handbook 2018 Summary Renewable energy represents a possible solution to two major global issues: global warming and diminishing fossil fuel reserves. It is sustainable and clean, generally emitting no or very little CO2, and these factors have led major countries...
Wind Power in China, Market Outlook to 2030, Update 2018 - Capacity, Generation, Investment Trends, Regulations and Company Profiles Summary "Wind Power in China, Market Outlook to 2030, Update 2018 - Capacity, Generation, Investment Trends, Regulations and Company Profiles", is the latest report...
China Renewable Energy Policy Handbook 2018 Summary "China Renewable Energy Policy Handbook 2018” is among the latest country specific policy report from GlobalData, the industry analysis specialist that offers comprehensive information on major policies governing renewable energy market in the country. The...
133 pages •
By Asia Market Information & Development Company
• Jan 2018
This study focuses on China’s Energy industry forecasts. In the two past decades, the industry has been growing at a fast pace. The dramatic expansions of the manufacturing capabilities and rising consumer consumptions in China have transformed China’s society and economy. China is one of the world’s major producers...