Assessment of China's Market for Power Converters
BEIJING- November 12, 2010 – Defined as both AC rectifiers and DC inverters, the domestic alternative energy converters market in China, as used in renewable energy applications (target market), is valued at approximately RMB 8 Bn in revenues as of year-end 2009. This study focuses on domestic sales of four product categories. For inverters all power ratings above and including 10 watts for “on-grid” (including grid-tie) and “off-grid” applications.
For rectifiers (referred to as converters in the study) “large” converters rated over 1 Mw, and “small” converters rated below 1 Mw.
The market grew by approximately 18% in 2009 up from 15% year-end of 2008 due to increasing government spending on China’s energy sector including a surge of capacity building for the renewable energy sector. The next five years will see a slight marginal decline in growth rates amidst concerns of overcapacity.
Renewable energy has created significant demand for converters and inverters. Wind power turbines require two converters each and solar power plants require multiple inverters to produce AC power.
About the GCIS China Alternative Energy Converters Materials Study
This GCiS market study draws on a three month, in-depth primary survey of over 100 of the market’s supply side, channel players and end-users. It is essential reading for any professional needing accurate and detailed strategic information on this market. Major areas covered include: market size and shares, five-year projections, market structure, new vs. replacement sales, pricing trends, distribution, consumption, an assessment of key suppliers and more.
For rectifiers (referred to as converters in the study) “large” converters rated over 1 Mw, and “small” converters rated below 1 Mw.
The market grew by approximately 18% in 2009 up from 15% year-end of 2008 due to increasing government spending on China’s energy sector including a surge of capacity building for the renewable energy sector. The next five years will see a slight marginal decline in growth rates amidst concerns of overcapacity.
Renewable energy has created significant demand for converters and inverters. Wind power turbines require two converters each and solar power plants require multiple inverters to produce AC power.
About the GCIS China Alternative Energy Converters Materials Study
This GCiS market study draws on a three month, in-depth primary survey of over 100 of the market’s supply side, channel players and end-users. It is essential reading for any professional needing accurate and detailed strategic information on this market. Major areas covered include: market size and shares, five-year projections, market structure, new vs. replacement sales, pricing trends, distribution, consumption, an assessment of key suppliers and more.
CHAPTER 1 INTRODUCTION
I. INTRODUCTION
LPS Overview
Sections of the Study
Sampling
Figure 1.1: Total Sampling by Target Group
Supplier Sampling
Figure 1.2: Supplier Sample Representation
Channel and Influencer Sampling & Segmentation
Definition
Sampling - Channel Players
Figure 1.3: Channel Player Sample Representation
Product Definitions
End-user Industry Definitions
Figure 1.5: Customer Demographic Data by Industry (2008)
II. DEFINITIONS AND PROCESS
Abbreviations
Figure 1.6: Glossary of Industry Terms in English and Chinese
Open and Closed Questions
GCiS China Segmentation
Figure 1.7: GCiS Standard China Geographic Segmentation
GCiS Regional Segmentation
Locations by Tier in China
A Note on China’s Key Industrial Output Areas
Pearl River Delta
Figure 1.8: Overview: The Pearl River Delta
Yangtze River Delta
Figure 1.9: Overview: The Yangtze River Delta
Bohai Rim Economic Zone
Figure 1.10: Overview: The Bohai Rim
About Limited Publication Studies
CHAPTER 2: TOTAL ANALYSIS
I. EXECUTIVE SUMMARY
Market in Sum
Figure 2.1: Summary of Key Market Figures
Figure 2.2: GIS Market Size and Share by Aspect
Figure 2.3: Key Benchmark Data
Market Entry Issues
Figure 2.4: Snapshot of Key Market Entry Issues
Key Findings
Market Drivers, Inhibitors
Key Market Inhibitors for China’s Power Converters market:
Figure 2.5: Drivers and Inhibitors – Chart
Figure 2.6: Relevant Government Bodies
Figure 2.7: Related Bodies and Organizations
Government Enforcement
Market Opportunities in Target Market
Figure 2.8: GCiS China Market Opportunities Assessment (by Market Segment)
Opportunity Matrix
Figure 2.9: Market Opportunities for Foreign / Quality Suppliers by application
Figure 2.10: Opportunity Qualitative & Quantitative Assessment – Industry
Figure 2.11: Product Opportunities for Foreign/Quality Suppliers by product
Figure 2.12: Opportunity Qualitative & Quantitative Assessment – Product
Corporate and Regulatory News
Figure 2.13: On-going Wind and Solar projects in China (2009-2010)
Expert Views
Recommendations
Particularly for Converter Suppliers
Particularly for Inverter Suppliers
II. MARKET FIGURES
Key Findings
Market Figures Overview
Figure 2.14: Market Segmentation
Figure 2.15: Summary of Market Size Figures (Bn RMB) – Chart
Supply-end Market
Figure 2.16: Total Market Revenues by Product (Mn RMB)
Figure 2.17: Total Market Revenues by Product – Chart
Locations: Sales by Region / Exports
Figure 2.18: Weighted Average of Exports (%), Average Export Revenues of
Suppliers
Figure 2.19: Domestic and Export Revenue Breakdown (Bn RMB)
Domestic Market Revenues by Application
Figure 2.20: Total Revenues by Application (Mn RMB)
Figure 2.21: Total Revenues by Product
Domestic Market Revenues by Application – Con
Figure 2.22: Total Sales by Application
Figure 2.23: Customer Demographic Data by Industry (2008)
Market Shares
Figure 2.24: Estimated Market Share by Company (Mn RMB)
Figure 2.25: Estimated Market Share by Company (Mn RMB) – Chart
Regional Sales
Figure 2.26: Sales by Industry and Region
Pricing Trends
Figure 2.27: Pricing and Pricing Trends – Chart
Growth Rates and Forecasts
Figure 2.28: Power Converters China Market Size (2008-2015)
Figure 2.29: Power Converters China Market Size –Chart (2008-2015)
Figure 2.30: Year-on-Year Growth Rates
Forecast Analysis
Figure 2.31: State Grid Electricity Demand used in Forecast by Year
Figure 2.32: Change in Sales and SG Electricity Growth Rates (`08-15)
III. COMPETITIVE ANALYSIS
Key Points
Dynamics of this Market
Concentration of Suppliers
Foreign vs Domestic Suppliers
Figure 2.33: Foreign and Domestic Market Shares
Key Recent Local Innovations
Figure 2.34: Recent Local Innovations
Key Suppliers
Key strategic indicators
Five-Forces Analysis
Figure 2.38: Five Forces Analysis
IV. DOWNSTREAM ANALYSIS
Key Findings
Summary of Channel Players
Product Revenue Breakdown By Channel Type
Figure 2.39: Power Converter Revenues by Participant Type – Chart
Figure 2.40: Proportion of Channel Players Providing Services – Chart
Market Value Chain
Figure 2.41: China GIS Market Value Chain
Value Chain Explained
Usage Rates
OEMs
CHAPTER 3: SEGMENT ANALYSIS
I. CONVERTERS
Key Findings
Figure 3.1: Revenues, Output, Growth and Pricing by Market Tier
Segment Summary
Figure 3.2: Converters Revenue and Output Breakdown
Revenues Streams
Figure 3.3: Revenue Streams by Percentage – Converters
Projects and Pricing
Figure 3.4: Pricing Examples – Converters
Figure 3.5: Pricing by Rating (Extrapolation) – Converters
Regional Sales
Figure 3.6: Revenues by Region – Converter
Figure 3.7: Revenues by Region – Chart – Converter
Market by End-user Application
Sales Channels – Converters
Figure 3.8: Channel Breakdown – Converters
Figure 3.9: Channel Breakdown – Converters - Chart
Output vs Capacity
Figure 3.10: Capacity and Output Ratios – Converters (`000 Units)
Figure 3.11: Additional capacity in 2010 – Converters
Market Shares
Figure 3.12: Market Share by Revenues – Converters
Figure 3.13: Market Share by Revenues – Converters – Chart
Product and Price Comparison
Figure 3.14: Pricing Examples – Converters
Figure 3.15: Average Pricing– Converters
Figure 3.16: Pricing Trends – Converters
Growth and Projections
Figure 3.17: 2009 - 2015 Converter Market Forecasts (Bn RMB)
Market Outlook
Opportunity Ratings
Figure 3.18: Opportunity Ratings by Application – Converter
II. INVERTERS
Key Findings
Figure 3.19: Revenues, Output, Growth and Pricing by Market Tier
Segment Summary
Figure 3.20: Converters Revenue and Output Breakdown
Revenues Streams
Figure 3.21: Revenue Streams by Percentage – Inverters
Projects and Pricing
Figure 3.22: Pricing Examples – Inverters
Figure 3.23: Pricing by Rating (Extrapolation) – Inverters
Regional Sales
Figure 3.24: Revenues by Region – Inverter
Figure 3.25: Revenues by Region – Chart – Inverter
Market by End-user Application
Sales Channels – Inverters
Figure 3.26: Channel Breakdown – Inverters
Figure 3.27: Channel Breakdown – Inverters - Chart
Output vs Capacity
Figure 3.28: Capacity and Output Ratios – Inverters (`000 Units)
Figure 3.29: Additional capacity in 2010 – Inverters
Market Shares
Figure 3.30: Market Share by Revenues – Inverters
Figure 3.31: Market Share by Revenues – Inverters – Chart
Product and Price Comparison
Figure 3.32: Pricing Examples – Inverters
Figure 3.33: Average Pricing– Inverters
Figure 3.34: Pricing Trends – Inverters
Growth and Projections
Figure 3.35: 2009 - 2015 Inverter Market Forecasts (Bn RMB)
Market Outlook
Opportunity Ratings
Figure 3.36: Opportunity Ratings by Application – Inverter
APPENDIX I: SUPPLIER PROFILES
LIST OF CONTACTS
I. INTRODUCTION
LPS Overview
Sections of the Study
Sampling
Figure 1.1: Total Sampling by Target Group
Supplier Sampling
Figure 1.2: Supplier Sample Representation
Channel and Influencer Sampling & Segmentation
Definition
Sampling - Channel Players
Figure 1.3: Channel Player Sample Representation
Product Definitions
End-user Industry Definitions
Figure 1.5: Customer Demographic Data by Industry (2008)
II. DEFINITIONS AND PROCESS
Abbreviations
Figure 1.6: Glossary of Industry Terms in English and Chinese
Open and Closed Questions
GCiS China Segmentation
Figure 1.7: GCiS Standard China Geographic Segmentation
GCiS Regional Segmentation
Locations by Tier in China
A Note on China’s Key Industrial Output Areas
Pearl River Delta
Figure 1.8: Overview: The Pearl River Delta
Yangtze River Delta
Figure 1.9: Overview: The Yangtze River Delta
Bohai Rim Economic Zone
Figure 1.10: Overview: The Bohai Rim
About Limited Publication Studies
CHAPTER 2: TOTAL ANALYSIS
I. EXECUTIVE SUMMARY
Market in Sum
Figure 2.1: Summary of Key Market Figures
Figure 2.2: GIS Market Size and Share by Aspect
Figure 2.3: Key Benchmark Data
Market Entry Issues
Figure 2.4: Snapshot of Key Market Entry Issues
Key Findings
Market Drivers, Inhibitors
Key Market Inhibitors for China’s Power Converters market:
Figure 2.5: Drivers and Inhibitors – Chart
Figure 2.6: Relevant Government Bodies
Figure 2.7: Related Bodies and Organizations
Government Enforcement
Market Opportunities in Target Market
Figure 2.8: GCiS China Market Opportunities Assessment (by Market Segment)
Opportunity Matrix
Figure 2.9: Market Opportunities for Foreign / Quality Suppliers by application
Figure 2.10: Opportunity Qualitative & Quantitative Assessment – Industry
Figure 2.11: Product Opportunities for Foreign/Quality Suppliers by product
Figure 2.12: Opportunity Qualitative & Quantitative Assessment – Product
Corporate and Regulatory News
Figure 2.13: On-going Wind and Solar projects in China (2009-2010)
Expert Views
Recommendations
Particularly for Converter Suppliers
Particularly for Inverter Suppliers
II. MARKET FIGURES
Key Findings
Market Figures Overview
Figure 2.14: Market Segmentation
Figure 2.15: Summary of Market Size Figures (Bn RMB) – Chart
Supply-end Market
Figure 2.16: Total Market Revenues by Product (Mn RMB)
Figure 2.17: Total Market Revenues by Product – Chart
Locations: Sales by Region / Exports
Figure 2.18: Weighted Average of Exports (%), Average Export Revenues of
Suppliers
Figure 2.19: Domestic and Export Revenue Breakdown (Bn RMB)
Domestic Market Revenues by Application
Figure 2.20: Total Revenues by Application (Mn RMB)
Figure 2.21: Total Revenues by Product
Domestic Market Revenues by Application – Con
Figure 2.22: Total Sales by Application
Figure 2.23: Customer Demographic Data by Industry (2008)
Market Shares
Figure 2.24: Estimated Market Share by Company (Mn RMB)
Figure 2.25: Estimated Market Share by Company (Mn RMB) – Chart
Regional Sales
Figure 2.26: Sales by Industry and Region
Pricing Trends
Figure 2.27: Pricing and Pricing Trends – Chart
Growth Rates and Forecasts
Figure 2.28: Power Converters China Market Size (2008-2015)
Figure 2.29: Power Converters China Market Size –Chart (2008-2015)
Figure 2.30: Year-on-Year Growth Rates
Forecast Analysis
Figure 2.31: State Grid Electricity Demand used in Forecast by Year
Figure 2.32: Change in Sales and SG Electricity Growth Rates (`08-15)
III. COMPETITIVE ANALYSIS
Key Points
Dynamics of this Market
Concentration of Suppliers
Foreign vs Domestic Suppliers
Figure 2.33: Foreign and Domestic Market Shares
Key Recent Local Innovations
Figure 2.34: Recent Local Innovations
Key Suppliers
Key strategic indicators
Five-Forces Analysis
Figure 2.38: Five Forces Analysis
IV. DOWNSTREAM ANALYSIS
Key Findings
Summary of Channel Players
Product Revenue Breakdown By Channel Type
Figure 2.39: Power Converter Revenues by Participant Type – Chart
Figure 2.40: Proportion of Channel Players Providing Services – Chart
Market Value Chain
Figure 2.41: China GIS Market Value Chain
Value Chain Explained
Usage Rates
OEMs
CHAPTER 3: SEGMENT ANALYSIS
I. CONVERTERS
Key Findings
Figure 3.1: Revenues, Output, Growth and Pricing by Market Tier
Segment Summary
Figure 3.2: Converters Revenue and Output Breakdown
Revenues Streams
Figure 3.3: Revenue Streams by Percentage – Converters
Projects and Pricing
Figure 3.4: Pricing Examples – Converters
Figure 3.5: Pricing by Rating (Extrapolation) – Converters
Regional Sales
Figure 3.6: Revenues by Region – Converter
Figure 3.7: Revenues by Region – Chart – Converter
Market by End-user Application
Sales Channels – Converters
Figure 3.8: Channel Breakdown – Converters
Figure 3.9: Channel Breakdown – Converters - Chart
Output vs Capacity
Figure 3.10: Capacity and Output Ratios – Converters (`000 Units)
Figure 3.11: Additional capacity in 2010 – Converters
Market Shares
Figure 3.12: Market Share by Revenues – Converters
Figure 3.13: Market Share by Revenues – Converters – Chart
Product and Price Comparison
Figure 3.14: Pricing Examples – Converters
Figure 3.15: Average Pricing– Converters
Figure 3.16: Pricing Trends – Converters
Growth and Projections
Figure 3.17: 2009 - 2015 Converter Market Forecasts (Bn RMB)
Market Outlook
Opportunity Ratings
Figure 3.18: Opportunity Ratings by Application – Converter
II. INVERTERS
Key Findings
Figure 3.19: Revenues, Output, Growth and Pricing by Market Tier
Segment Summary
Figure 3.20: Converters Revenue and Output Breakdown
Revenues Streams
Figure 3.21: Revenue Streams by Percentage – Inverters
Projects and Pricing
Figure 3.22: Pricing Examples – Inverters
Figure 3.23: Pricing by Rating (Extrapolation) – Inverters
Regional Sales
Figure 3.24: Revenues by Region – Inverter
Figure 3.25: Revenues by Region – Chart – Inverter
Market by End-user Application
Sales Channels – Inverters
Figure 3.26: Channel Breakdown – Inverters
Figure 3.27: Channel Breakdown – Inverters - Chart
Output vs Capacity
Figure 3.28: Capacity and Output Ratios – Inverters (`000 Units)
Figure 3.29: Additional capacity in 2010 – Inverters
Market Shares
Figure 3.30: Market Share by Revenues – Inverters
Figure 3.31: Market Share by Revenues – Inverters – Chart
Product and Price Comparison
Figure 3.32: Pricing Examples – Inverters
Figure 3.33: Average Pricing– Inverters
Figure 3.34: Pricing Trends – Inverters
Growth and Projections
Figure 3.35: 2009 - 2015 Inverter Market Forecasts (Bn RMB)
Market Outlook
Opportunity Ratings
Figure 3.36: Opportunity Ratings by Application – Inverter
APPENDIX I: SUPPLIER PROFILES
LIST OF CONTACTS
