Global Grid-Forming SVG Supply, Demand and Key Producers, 2026-2032
The global Grid-Forming SVG market size is expected to reach $ 648 million by 2032, rising at a market growth of 6.6% CAGR during the forecast period (2026-2032).
Grid-forming SVG is an advanced power electronic reactive power compensation device with voltage-source characteristics and grid reference capability. It can actively establish voltage and frequency references in weak grids or environments with high renewable penetration, providing fast dynamic reactive power support, virtual inertia, and short-circuit capacity compensation. It can also maintain voltage stability during grid faults or islanded operation, thereby enhancing the dynamic stability and supply reliability of the power system. Unlike traditional grid-following SVGs, which primarily use current control and follow the grid, grid-forming SVGs emphasize “actively forming the grid” and support the stable operation of renewable energy sources, energy storage systems, and other power electronic sources in the new power system.
This report studies the global Grid-Forming SVG demand, key companies, and key regions.
This report is a detailed and comprehensive analysis of the world market for Grid-Forming SVG, and provides market size (US$ million) and Year-over-Year (YoY) growth, considering 2025 as the base year. This report explores demand trends and competition, as well as details the characteristics of Grid-Forming SVG that contribute to its increasing demand across many markets.
Highlights and key features of the study
Global Grid-Forming SVG total market, 2021-2032, (USD Million)
Global Grid-Forming SVG total market by region & country, CAGR, 2021-2032, (USD Million)
U.S. VS China: Grid-Forming SVG total market, key domestic companies, and share, (USD Million)
Global Grid-Forming SVG revenue by player, revenue and market share 2021-2026, (USD Million)
Global Grid-Forming SVG total market by Type, CAGR, 2021-2032, (USD Million)
Global Grid-Forming SVG total market by Application, CAGR, 2021-2032, (USD Million)
This report profiles major players in the global Grid-Forming SVG market based on the following parameters - company overview, revenue, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Siemens, NR Electric, Xin Fengguang, Sieyuan Electric, XJ Group, Hopewind, Beijing Sifang Automation, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the world Grid-Forming SVG market
Detailed Segmentation:
Each section contains quantitative market data including market by value (US$ Millions), by player, by regions, by Type, and by Application. Data is given for the years 2021-2032 by year with 2025 as the base year, 2026 as the estimate year, and 2027-2032 as the forecast year.
Global Grid-Forming SVG Market, By Region:
1. How big is the global Grid-Forming SVG market?
2. What is the demand of the global Grid-Forming SVG market?
3. What is the year over year growth of the global Grid-Forming SVG market?
4. What is the total value of the global Grid-Forming SVG market?
5. Who are the Major Players in the global Grid-Forming SVG market?
6. What are the growth factors driving the market demand?
Grid-forming SVG is an advanced power electronic reactive power compensation device with voltage-source characteristics and grid reference capability. It can actively establish voltage and frequency references in weak grids or environments with high renewable penetration, providing fast dynamic reactive power support, virtual inertia, and short-circuit capacity compensation. It can also maintain voltage stability during grid faults or islanded operation, thereby enhancing the dynamic stability and supply reliability of the power system. Unlike traditional grid-following SVGs, which primarily use current control and follow the grid, grid-forming SVGs emphasize “actively forming the grid” and support the stable operation of renewable energy sources, energy storage systems, and other power electronic sources in the new power system.
This report studies the global Grid-Forming SVG demand, key companies, and key regions.
This report is a detailed and comprehensive analysis of the world market for Grid-Forming SVG, and provides market size (US$ million) and Year-over-Year (YoY) growth, considering 2025 as the base year. This report explores demand trends and competition, as well as details the characteristics of Grid-Forming SVG that contribute to its increasing demand across many markets.
Highlights and key features of the study
Global Grid-Forming SVG total market, 2021-2032, (USD Million)
Global Grid-Forming SVG total market by region & country, CAGR, 2021-2032, (USD Million)
U.S. VS China: Grid-Forming SVG total market, key domestic companies, and share, (USD Million)
Global Grid-Forming SVG revenue by player, revenue and market share 2021-2026, (USD Million)
Global Grid-Forming SVG total market by Type, CAGR, 2021-2032, (USD Million)
Global Grid-Forming SVG total market by Application, CAGR, 2021-2032, (USD Million)
This report profiles major players in the global Grid-Forming SVG market based on the following parameters - company overview, revenue, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Siemens, NR Electric, Xin Fengguang, Sieyuan Electric, XJ Group, Hopewind, Beijing Sifang Automation, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the world Grid-Forming SVG market
Detailed Segmentation:
Each section contains quantitative market data including market by value (US$ Millions), by player, by regions, by Type, and by Application. Data is given for the years 2021-2032 by year with 2025 as the base year, 2026 as the estimate year, and 2027-2032 as the forecast year.
Global Grid-Forming SVG Market, By Region:
- United States
- China
- Europe
- Japan
- South Korea
- ASEAN
- India
- Rest of World
- High-voltage Type
- Low-voltage Type
- Single-Unit
- Parallel / Modular
- Hybrid
- VSM Control
- Droop Control
- Virtual Impedance
- New Energy
- Power System
- Industry and Manufacturing
- Other
- Siemens
- NR Electric
- Xin Fengguang
- Sieyuan Electric
- XJ Group
- Hopewind
- Beijing Sifang Automation
1. How big is the global Grid-Forming SVG market?
2. What is the demand of the global Grid-Forming SVG market?
3. What is the year over year growth of the global Grid-Forming SVG market?
4. What is the total value of the global Grid-Forming SVG market?
5. Who are the Major Players in the global Grid-Forming SVG market?
6. What are the growth factors driving the market demand?
1 SUPPLY SUMMARY
1.1 Grid-Forming SVG Introduction
1.2 World Grid-Forming SVG Market Size & Forecast (2021 & 2025 & 2032)
1.3 World Grid-Forming SVG Total Market by Region (by Headquarter Location)
1.3.1 World Grid-Forming SVG Market Size by Region (2021-2032), (by Headquarter Location)
1.3.2 United States Based Company Grid-Forming SVG Revenue (2021-2032)
1.3.3 China Based Company Grid-Forming SVG Revenue (2021-2032)
1.3.4 Europe Based Company Grid-Forming SVG Revenue (2021-2032)
1.3.5 Japan Based Company Grid-Forming SVG Revenue (2021-2032)
1.3.6 South Korea Based Company Grid-Forming SVG Revenue (2021-2032)
1.3.7 ASEAN Based Company Grid-Forming SVG Revenue (2021-2032)
1.3.8 India Based Company Grid-Forming SVG Revenue (2021-2032)
1.4 Market Drivers, Restraints and Trends
1.4.1 Grid-Forming SVG Market Drivers
1.4.2 Factors Affecting Demand
1.4.3 Major Market Trends
2 DEMAND SUMMARY
2.1 World Grid-Forming SVG Consumption Value (2021-2032)
2.2 World Grid-Forming SVG Consumption Value by Region
2.2.1 World Grid-Forming SVG Consumption Value by Region (2021-2026)
2.2.2 World Grid-Forming SVG Consumption Value Forecast by Region (2027-2032)
2.3 United States Grid-Forming SVG Consumption Value (2021-2032)
2.4 China Grid-Forming SVG Consumption Value (2021-2032)
2.5 Europe Grid-Forming SVG Consumption Value (2021-2032)
2.6 Japan Grid-Forming SVG Consumption Value (2021-2032)
2.7 South Korea Grid-Forming SVG Consumption Value (2021-2032)
2.8 ASEAN Grid-Forming SVG Consumption Value (2021-2032)
2.9 India Grid-Forming SVG Consumption Value (2021-2032)
3 WORLD GRID-FORMING SVG COMPANIES COMPETITIVE ANALYSIS
3.1 World Grid-Forming SVG Revenue by Player (2021-2026)
3.2 Industry Rank and Concentration Rate (CR)
3.2.1 Global Grid-Forming SVG Industry Rank of Major Players
3.2.2 Global Concentration Ratios (CR4) for Grid-Forming SVG in 2025
3.2.3 Global Concentration Ratios (CR8) for Grid-Forming SVG in 2025
3.3 Grid-Forming SVG Company Evaluation Quadrant
3.4 Grid-Forming SVG Market: Overall Company Footprint Analysis
3.4.1 Grid-Forming SVG Market: Region Footprint
3.4.2 Grid-Forming SVG Market: Company Product Type Footprint
3.4.3 Grid-Forming SVG Market: Company Product Application Footprint
3.5 Competitive Environment
3.5.1 Historical Structure of the Industry
3.5.2 Barriers of Market Entry
3.5.3 Factors of Competition
3.6 Mergers & Acquisitions Activity
4 UNITED STATES VS CHINA VS REST OF WORLD (BY HEADQUARTER LOCATION)
4.1 United States VS China: Grid-Forming SVG Revenue Comparison (by Headquarter Location)
4.1.1 United States VS China: Grid-Forming SVG Revenue Comparison (2021 & 2025 & 2032) (by Headquarter Location)
4.1.2 United States VS China: Grid-Forming SVG Revenue Market Share Comparison (2021 & 2025 & 2032)
4.2 United States Based Companies VS China Based Companies: Grid-Forming SVG Consumption Value Comparison
4.2.1 United States VS China: Grid-Forming SVG Consumption Value Comparison (2021 & 2025 & 2032)
4.2.2 United States VS China: Grid-Forming SVG Consumption Value Market Share Comparison (2021 & 2025 & 2032)
4.3 United States Based Grid-Forming SVG Companies and Market Share, 2021-2026
4.3.1 United States Based Grid-Forming SVG Companies, Headquarters (States, Country)
4.3.2 United States Based Companies Grid-Forming SVG Revenue, (2021-2026)
4.4 China Based Companies Grid-Forming SVG Revenue and Market Share, 2021-2026
4.4.1 China Based Grid-Forming SVG Companies, Company Headquarters (Province, Country)
4.4.2 China Based Companies Grid-Forming SVG Revenue, (2021-2026)
4.5 Rest of World Based Grid-Forming SVG Companies and Market Share, 2021-2026
4.5.1 Rest of World Based Grid-Forming SVG Companies, Headquarters (Province, Country)
4.5.2 Rest of World Based Companies Grid-Forming SVG Revenue (2021-2026)
5 MARKET ANALYSIS BY TYPE
5.1 World Grid-Forming SVG Market Size Overview by Type: 2021 VS 2025 VS 2032
5.2 Segment Introduction by Type
5.2.1 High-voltage Type
5.2.2 Low-voltage Type
5.3 Market Segment by Type
5.3.1 World Grid-Forming SVG Market Size by Type (2021-2026)
5.3.2 World Grid-Forming SVG Market Size by Type (2027-2032)
5.3.3 World Grid-Forming SVG Market Size Market Share by Type (2027-2032)
6 MARKET ANALYSIS BY STRUCTURE
6.1 World Grid-Forming SVG Market Size Overview by Structure: 2021 VS 2025 VS 2032
6.2 Segment Introduction by Structure
6.2.1 Single-Unit
6.2.2 Parallel / Modular
6.2.3 Hybrid
6.3 Market Segment by Structure
6.3.1 World Grid-Forming SVG Market Size by Structure (2021-2026)
6.3.2 World Grid-Forming SVG Market Size by Structure (2027-2032)
6.3.3 World Grid-Forming SVG Market Size Market Share by Structure (2027-2032)
7 MARKET ANALYSIS BY CONTROL STRATEGIES
7.1 World Grid-Forming SVG Market Size Overview by Control Strategies: 2021 VS 2025 VS 2032
7.2 Segment Introduction by Control Strategies
7.2.1 VSM Control
7.2.2 Droop Control
7.2.3 Virtual Impedance
7.3 Market Segment by Control Strategies
7.3.1 World Grid-Forming SVG Market Size by Control Strategies (2021-2026)
7.3.2 World Grid-Forming SVG Market Size by Control Strategies (2027-2032)
7.3.3 World Grid-Forming SVG Market Size Market Share by Control Strategies (2027-2032)
8 MARKET ANALYSIS BY APPLICATION
8.1 World Grid-Forming SVG Market Size Overview by Application: 2021 VS 2025 VS 2032
8.2 Segment Introduction by Application
8.2.1 New Energy
8.2.2 Power System
8.2.3 Industry and Manufacturing
8.2.4 Other
8.3 Market Segment by Application
8.3.1 World Grid-Forming SVG Market Size by Application (2021-2026)
8.3.2 World Grid-Forming SVG Market Size by Application (2027-2032)
8.3.3 World Grid-Forming SVG Market Size Market Share by Application (2021-2032)
9 COMPANY PROFILES
9.1 Siemens
9.1.1 Siemens Details
9.1.2 Siemens Major Business
9.1.3 Siemens Grid-Forming SVG Product and Services
9.1.4 Siemens Grid-Forming SVG Revenue, Gross Margin and Market Share (2021-2026)
9.1.5 Siemens Recent Developments/Updates
9.1.6 Siemens Competitive Strengths & Weaknesses
9.2 NR Electric
9.2.1 NR Electric Details
9.2.2 NR Electric Major Business
9.2.3 NR Electric Grid-Forming SVG Product and Services
9.2.4 NR Electric Grid-Forming SVG Revenue, Gross Margin and Market Share (2021-2026)
9.2.5 NR Electric Recent Developments/Updates
9.2.6 NR Electric Competitive Strengths & Weaknesses
9.3 Xin Fengguang
9.3.1 Xin Fengguang Details
9.3.2 Xin Fengguang Major Business
9.3.3 Xin Fengguang Grid-Forming SVG Product and Services
9.3.4 Xin Fengguang Grid-Forming SVG Revenue, Gross Margin and Market Share (2021-2026)
9.3.5 Xin Fengguang Recent Developments/Updates
9.3.6 Xin Fengguang Competitive Strengths & Weaknesses
9.4 Sieyuan Electric
9.4.1 Sieyuan Electric Details
9.4.2 Sieyuan Electric Major Business
9.4.3 Sieyuan Electric Grid-Forming SVG Product and Services
9.4.4 Sieyuan Electric Grid-Forming SVG Revenue, Gross Margin and Market Share (2021-2026)
9.4.5 Sieyuan Electric Recent Developments/Updates
9.4.6 Sieyuan Electric Competitive Strengths & Weaknesses
9.5 XJ Group
9.5.1 XJ Group Details
9.5.2 XJ Group Major Business
9.5.3 XJ Group Grid-Forming SVG Product and Services
9.5.4 XJ Group Grid-Forming SVG Revenue, Gross Margin and Market Share (2021-2026)
9.5.5 XJ Group Recent Developments/Updates
9.5.6 XJ Group Competitive Strengths & Weaknesses
9.6 Hopewind
9.6.1 Hopewind Details
9.6.2 Hopewind Major Business
9.6.3 Hopewind Grid-Forming SVG Product and Services
9.6.4 Hopewind Grid-Forming SVG Revenue, Gross Margin and Market Share (2021-2026)
9.6.5 Hopewind Recent Developments/Updates
9.6.6 Hopewind Competitive Strengths & Weaknesses
9.7 Beijing Sifang Automation
9.7.1 Beijing Sifang Automation Details
9.7.2 Beijing Sifang Automation Major Business
9.7.3 Beijing Sifang Automation Grid-Forming SVG Product and Services
9.7.4 Beijing Sifang Automation Grid-Forming SVG Revenue, Gross Margin and Market Share (2021-2026)
9.7.5 Beijing Sifang Automation Recent Developments/Updates
9.7.6 Beijing Sifang Automation Competitive Strengths & Weaknesses
10 INDUSTRY CHAIN ANALYSIS
10.1 Grid-Forming SVG Industry Chain
10.2 Grid-Forming SVG Upstream Analysis
10.3 Grid-Forming SVG Midstream Analysis
10.4 Grid-Forming SVG Downstream Analysis
11 RESEARCH FINDINGS AND CONCLUSION
12 APPENDIX
12.1 Methodology
12.2 Research Process and Data Source
12.3 Disclaimer
1.1 Grid-Forming SVG Introduction
1.2 World Grid-Forming SVG Market Size & Forecast (2021 & 2025 & 2032)
1.3 World Grid-Forming SVG Total Market by Region (by Headquarter Location)
1.3.1 World Grid-Forming SVG Market Size by Region (2021-2032), (by Headquarter Location)
1.3.2 United States Based Company Grid-Forming SVG Revenue (2021-2032)
1.3.3 China Based Company Grid-Forming SVG Revenue (2021-2032)
1.3.4 Europe Based Company Grid-Forming SVG Revenue (2021-2032)
1.3.5 Japan Based Company Grid-Forming SVG Revenue (2021-2032)
1.3.6 South Korea Based Company Grid-Forming SVG Revenue (2021-2032)
1.3.7 ASEAN Based Company Grid-Forming SVG Revenue (2021-2032)
1.3.8 India Based Company Grid-Forming SVG Revenue (2021-2032)
1.4 Market Drivers, Restraints and Trends
1.4.1 Grid-Forming SVG Market Drivers
1.4.2 Factors Affecting Demand
1.4.3 Major Market Trends
2 DEMAND SUMMARY
2.1 World Grid-Forming SVG Consumption Value (2021-2032)
2.2 World Grid-Forming SVG Consumption Value by Region
2.2.1 World Grid-Forming SVG Consumption Value by Region (2021-2026)
2.2.2 World Grid-Forming SVG Consumption Value Forecast by Region (2027-2032)
2.3 United States Grid-Forming SVG Consumption Value (2021-2032)
2.4 China Grid-Forming SVG Consumption Value (2021-2032)
2.5 Europe Grid-Forming SVG Consumption Value (2021-2032)
2.6 Japan Grid-Forming SVG Consumption Value (2021-2032)
2.7 South Korea Grid-Forming SVG Consumption Value (2021-2032)
2.8 ASEAN Grid-Forming SVG Consumption Value (2021-2032)
2.9 India Grid-Forming SVG Consumption Value (2021-2032)
3 WORLD GRID-FORMING SVG COMPANIES COMPETITIVE ANALYSIS
3.1 World Grid-Forming SVG Revenue by Player (2021-2026)
3.2 Industry Rank and Concentration Rate (CR)
3.2.1 Global Grid-Forming SVG Industry Rank of Major Players
3.2.2 Global Concentration Ratios (CR4) for Grid-Forming SVG in 2025
3.2.3 Global Concentration Ratios (CR8) for Grid-Forming SVG in 2025
3.3 Grid-Forming SVG Company Evaluation Quadrant
3.4 Grid-Forming SVG Market: Overall Company Footprint Analysis
3.4.1 Grid-Forming SVG Market: Region Footprint
3.4.2 Grid-Forming SVG Market: Company Product Type Footprint
3.4.3 Grid-Forming SVG Market: Company Product Application Footprint
3.5 Competitive Environment
3.5.1 Historical Structure of the Industry
3.5.2 Barriers of Market Entry
3.5.3 Factors of Competition
3.6 Mergers & Acquisitions Activity
4 UNITED STATES VS CHINA VS REST OF WORLD (BY HEADQUARTER LOCATION)
4.1 United States VS China: Grid-Forming SVG Revenue Comparison (by Headquarter Location)
4.1.1 United States VS China: Grid-Forming SVG Revenue Comparison (2021 & 2025 & 2032) (by Headquarter Location)
4.1.2 United States VS China: Grid-Forming SVG Revenue Market Share Comparison (2021 & 2025 & 2032)
4.2 United States Based Companies VS China Based Companies: Grid-Forming SVG Consumption Value Comparison
4.2.1 United States VS China: Grid-Forming SVG Consumption Value Comparison (2021 & 2025 & 2032)
4.2.2 United States VS China: Grid-Forming SVG Consumption Value Market Share Comparison (2021 & 2025 & 2032)
4.3 United States Based Grid-Forming SVG Companies and Market Share, 2021-2026
4.3.1 United States Based Grid-Forming SVG Companies, Headquarters (States, Country)
4.3.2 United States Based Companies Grid-Forming SVG Revenue, (2021-2026)
4.4 China Based Companies Grid-Forming SVG Revenue and Market Share, 2021-2026
4.4.1 China Based Grid-Forming SVG Companies, Company Headquarters (Province, Country)
4.4.2 China Based Companies Grid-Forming SVG Revenue, (2021-2026)
4.5 Rest of World Based Grid-Forming SVG Companies and Market Share, 2021-2026
4.5.1 Rest of World Based Grid-Forming SVG Companies, Headquarters (Province, Country)
4.5.2 Rest of World Based Companies Grid-Forming SVG Revenue (2021-2026)
5 MARKET ANALYSIS BY TYPE
5.1 World Grid-Forming SVG Market Size Overview by Type: 2021 VS 2025 VS 2032
5.2 Segment Introduction by Type
5.2.1 High-voltage Type
5.2.2 Low-voltage Type
5.3 Market Segment by Type
5.3.1 World Grid-Forming SVG Market Size by Type (2021-2026)
5.3.2 World Grid-Forming SVG Market Size by Type (2027-2032)
5.3.3 World Grid-Forming SVG Market Size Market Share by Type (2027-2032)
6 MARKET ANALYSIS BY STRUCTURE
6.1 World Grid-Forming SVG Market Size Overview by Structure: 2021 VS 2025 VS 2032
6.2 Segment Introduction by Structure
6.2.1 Single-Unit
6.2.2 Parallel / Modular
6.2.3 Hybrid
6.3 Market Segment by Structure
6.3.1 World Grid-Forming SVG Market Size by Structure (2021-2026)
6.3.2 World Grid-Forming SVG Market Size by Structure (2027-2032)
6.3.3 World Grid-Forming SVG Market Size Market Share by Structure (2027-2032)
7 MARKET ANALYSIS BY CONTROL STRATEGIES
7.1 World Grid-Forming SVG Market Size Overview by Control Strategies: 2021 VS 2025 VS 2032
7.2 Segment Introduction by Control Strategies
7.2.1 VSM Control
7.2.2 Droop Control
7.2.3 Virtual Impedance
7.3 Market Segment by Control Strategies
7.3.1 World Grid-Forming SVG Market Size by Control Strategies (2021-2026)
7.3.2 World Grid-Forming SVG Market Size by Control Strategies (2027-2032)
7.3.3 World Grid-Forming SVG Market Size Market Share by Control Strategies (2027-2032)
8 MARKET ANALYSIS BY APPLICATION
8.1 World Grid-Forming SVG Market Size Overview by Application: 2021 VS 2025 VS 2032
8.2 Segment Introduction by Application
8.2.1 New Energy
8.2.2 Power System
8.2.3 Industry and Manufacturing
8.2.4 Other
8.3 Market Segment by Application
8.3.1 World Grid-Forming SVG Market Size by Application (2021-2026)
8.3.2 World Grid-Forming SVG Market Size by Application (2027-2032)
8.3.3 World Grid-Forming SVG Market Size Market Share by Application (2021-2032)
9 COMPANY PROFILES
9.1 Siemens
9.1.1 Siemens Details
9.1.2 Siemens Major Business
9.1.3 Siemens Grid-Forming SVG Product and Services
9.1.4 Siemens Grid-Forming SVG Revenue, Gross Margin and Market Share (2021-2026)
9.1.5 Siemens Recent Developments/Updates
9.1.6 Siemens Competitive Strengths & Weaknesses
9.2 NR Electric
9.2.1 NR Electric Details
9.2.2 NR Electric Major Business
9.2.3 NR Electric Grid-Forming SVG Product and Services
9.2.4 NR Electric Grid-Forming SVG Revenue, Gross Margin and Market Share (2021-2026)
9.2.5 NR Electric Recent Developments/Updates
9.2.6 NR Electric Competitive Strengths & Weaknesses
9.3 Xin Fengguang
9.3.1 Xin Fengguang Details
9.3.2 Xin Fengguang Major Business
9.3.3 Xin Fengguang Grid-Forming SVG Product and Services
9.3.4 Xin Fengguang Grid-Forming SVG Revenue, Gross Margin and Market Share (2021-2026)
9.3.5 Xin Fengguang Recent Developments/Updates
9.3.6 Xin Fengguang Competitive Strengths & Weaknesses
9.4 Sieyuan Electric
9.4.1 Sieyuan Electric Details
9.4.2 Sieyuan Electric Major Business
9.4.3 Sieyuan Electric Grid-Forming SVG Product and Services
9.4.4 Sieyuan Electric Grid-Forming SVG Revenue, Gross Margin and Market Share (2021-2026)
9.4.5 Sieyuan Electric Recent Developments/Updates
9.4.6 Sieyuan Electric Competitive Strengths & Weaknesses
9.5 XJ Group
9.5.1 XJ Group Details
9.5.2 XJ Group Major Business
9.5.3 XJ Group Grid-Forming SVG Product and Services
9.5.4 XJ Group Grid-Forming SVG Revenue, Gross Margin and Market Share (2021-2026)
9.5.5 XJ Group Recent Developments/Updates
9.5.6 XJ Group Competitive Strengths & Weaknesses
9.6 Hopewind
9.6.1 Hopewind Details
9.6.2 Hopewind Major Business
9.6.3 Hopewind Grid-Forming SVG Product and Services
9.6.4 Hopewind Grid-Forming SVG Revenue, Gross Margin and Market Share (2021-2026)
9.6.5 Hopewind Recent Developments/Updates
9.6.6 Hopewind Competitive Strengths & Weaknesses
9.7 Beijing Sifang Automation
9.7.1 Beijing Sifang Automation Details
9.7.2 Beijing Sifang Automation Major Business
9.7.3 Beijing Sifang Automation Grid-Forming SVG Product and Services
9.7.4 Beijing Sifang Automation Grid-Forming SVG Revenue, Gross Margin and Market Share (2021-2026)
9.7.5 Beijing Sifang Automation Recent Developments/Updates
9.7.6 Beijing Sifang Automation Competitive Strengths & Weaknesses
10 INDUSTRY CHAIN ANALYSIS
10.1 Grid-Forming SVG Industry Chain
10.2 Grid-Forming SVG Upstream Analysis
10.3 Grid-Forming SVG Midstream Analysis
10.4 Grid-Forming SVG Downstream Analysis
11 RESEARCH FINDINGS AND CONCLUSION
12 APPENDIX
12.1 Methodology
12.2 Research Process and Data Source
12.3 Disclaimer
LIST OF TABLES
Table 1. World Grid-Forming SVG Revenue by Region (2021, 2025 and 2032) & (USD Million), (by Headquarter Location)
Table 2. World Grid-Forming SVG Revenue by Region (2021-2026) & (USD Million), (by Headquarter Location)
Table 3. World Grid-Forming SVG Revenue by Region (2027-2032) & (USD Million), (by Headquarter Location)
Table 4. World Grid-Forming SVG Revenue Market Share by Region (2021-2026), (by Headquarter Location)
Table 5. World Grid-Forming SVG Revenue Market Share by Region (2027-2032), (by Headquarter Location)
Table 6. Major Market Trends
Table 7. World Grid-Forming SVG Consumption Value Growth Rate Forecast by Region (2021 & 2025 & 2032) & (USD Million)
Table 8. World Grid-Forming SVG Consumption Value by Region (2021-2026) & (USD Million)
Table 9. World Grid-Forming SVG Consumption Value Forecast by Region (2027-2032) & (USD Million)
Table 10. World Grid-Forming SVG Revenue by Player (2021-2026) & (USD Million)
Table 11. Revenue Market Share of Key Grid-Forming SVG Players in 2025
Table 12. World Grid-Forming SVG Industry Rank of Major Player, Based on Revenue in 2025
Table 13. Global Grid-Forming SVG Company Evaluation Quadrant
Table 14. Head Office of Key Grid-Forming SVG Players
Table 15. Grid-Forming SVG Market: Company Product Type Footprint
Table 16. Grid-Forming SVG Market: Company Product Application Footprint
Table 17. Grid-Forming SVG Mergers & Acquisitions Activity
Table 18. United States VS China Grid-Forming SVG Revenue Comparison, (2021 & 2025 & 2032) & (USD Million)
Table 19. United States VS China Grid-Forming SVG Consumption Value Comparison, (2021 & 2025 & 2032) & (USD Million)
Table 20. United States Based Grid-Forming SVG Companies, Headquarters (States, Country)
Table 21. United States Based Companies Grid-Forming SVG Revenue, (2021-2026) & (USD Million)
Table 22. United States Based Companies Grid-Forming SVG Revenue Market Share (2021-2026)
Table 23. China Based Grid-Forming SVG Companies, Headquarters (Province, Country)
Table 24. China Based Companies Grid-Forming SVG Revenue, (2021-2026) & (USD Million)
Table 25. China Based Companies Grid-Forming SVG Revenue Market Share (2021-2026)
Table 26. Rest of World Based Grid-Forming SVG Companies, Headquarters (Province, Country)
Table 27. Rest of World Based Companies Grid-Forming SVG Revenue (2021-2026) & (USD Million)
Table 28. Rest of World Based Companies Grid-Forming SVG Revenue Market Share (2021-2026)
Table 29. World Grid-Forming SVG Market Size by Type, (USD Million), 2021 & 2025 & 2032
Table 30. World Grid-Forming SVG Market Size Value by Type (2021-2026) & (USD Million)
Table 31. World Grid-Forming SVG Market Size by Type (2027-2032) & (USD Million)
Table 32. World Grid-Forming SVG Market Size by Structure, (USD Million), 2021 & 2025 & 2032
Table 33. World Grid-Forming SVG Market Size Value by Structure (2021-2026) & (USD Million)
Table 34. World Grid-Forming SVG Market Size by Structure (2027-2032) & (USD Million)
Table 35. World Grid-Forming SVG Market Size by Control Strategies, (USD Million), 2021 & 2025 & 2032
Table 36. World Grid-Forming SVG Market Size Value by Control Strategies (2021-2026) & (USD Million)
Table 37. World Grid-Forming SVG Market Size by Control Strategies (2027-2032) & (USD Million)
Table 38. World Grid-Forming SVG Market Size by Application, (USD Million), 2021 & 2025 & 2032
Table 39. World Grid-Forming SVG Market Size by Application (2021-2026) & (USD Million)
Table 40. World Grid-Forming SVG Market Size by Application (2027-2032) & (USD Million)
Table 41. Siemens Basic Information, Manufacturing Base and Competitors
Table 42. Siemens Major Business
Table 43. Siemens Grid-Forming SVG Product and Services
Table 44. Siemens Grid-Forming SVG Revenue, Gross Margin and Market Share (2021-2026) & (USD Million)
Table 45. Siemens Recent Developments/Updates
Table 46. Siemens Competitive Strengths & Weaknesses
Table 47. NR Electric Basic Information, Manufacturing Base and Competitors
Table 48. NR Electric Major Business
Table 49. NR Electric Grid-Forming SVG Product and Services
Table 50. NR Electric Grid-Forming SVG Revenue, Gross Margin and Market Share (2021-2026) & (USD Million)
Table 51. NR Electric Recent Developments/Updates
Table 52. NR Electric Competitive Strengths & Weaknesses
Table 53. Xin Fengguang Basic Information, Manufacturing Base and Competitors
Table 54. Xin Fengguang Major Business
Table 55. Xin Fengguang Grid-Forming SVG Product and Services
Table 56. Xin Fengguang Grid-Forming SVG Revenue, Gross Margin and Market Share (2021-2026) & (USD Million)
Table 57. Xin Fengguang Recent Developments/Updates
Table 58. Xin Fengguang Competitive Strengths & Weaknesses
Table 59. Sieyuan Electric Basic Information, Manufacturing Base and Competitors
Table 60. Sieyuan Electric Major Business
Table 61. Sieyuan Electric Grid-Forming SVG Product and Services
Table 62. Sieyuan Electric Grid-Forming SVG Revenue, Gross Margin and Market Share (2021-2026) & (USD Million)
Table 63. Sieyuan Electric Recent Developments/Updates
Table 64. Sieyuan Electric Competitive Strengths & Weaknesses
Table 65. XJ Group Basic Information, Manufacturing Base and Competitors
Table 66. XJ Group Major Business
Table 67. XJ Group Grid-Forming SVG Product and Services
Table 68. XJ Group Grid-Forming SVG Revenue, Gross Margin and Market Share (2021-2026) & (USD Million)
Table 69. XJ Group Recent Developments/Updates
Table 70. XJ Group Competitive Strengths & Weaknesses
Table 71. Hopewind Basic Information, Manufacturing Base and Competitors
Table 72. Hopewind Major Business
Table 73. Hopewind Grid-Forming SVG Product and Services
Table 74. Hopewind Grid-Forming SVG Revenue, Gross Margin and Market Share (2021-2026) & (USD Million)
Table 75. Hopewind Recent Developments/Updates
Table 76. Hopewind Competitive Strengths & Weaknesses
Table 77. Beijing Sifang Automation Basic Information, Manufacturing Base and Competitors
Table 78. Beijing Sifang Automation Major Business
Table 79. Beijing Sifang Automation Grid-Forming SVG Product and Services
Table 80. Beijing Sifang Automation Grid-Forming SVG Revenue, Gross Margin and Market Share (2021-2026) & (USD Million)
Table 81. Beijing Sifang Automation Recent Developments/Updates
Table 82. Beijing Sifang Automation Competitive Strengths & Weaknesses
Table 83. Global Key Players of Grid-Forming SVG Upstream (Raw Materials)
Table 84. Global Grid-Forming SVG Typical Customers
Table 1. World Grid-Forming SVG Revenue by Region (2021, 2025 and 2032) & (USD Million), (by Headquarter Location)
Table 2. World Grid-Forming SVG Revenue by Region (2021-2026) & (USD Million), (by Headquarter Location)
Table 3. World Grid-Forming SVG Revenue by Region (2027-2032) & (USD Million), (by Headquarter Location)
Table 4. World Grid-Forming SVG Revenue Market Share by Region (2021-2026), (by Headquarter Location)
Table 5. World Grid-Forming SVG Revenue Market Share by Region (2027-2032), (by Headquarter Location)
Table 6. Major Market Trends
Table 7. World Grid-Forming SVG Consumption Value Growth Rate Forecast by Region (2021 & 2025 & 2032) & (USD Million)
Table 8. World Grid-Forming SVG Consumption Value by Region (2021-2026) & (USD Million)
Table 9. World Grid-Forming SVG Consumption Value Forecast by Region (2027-2032) & (USD Million)
Table 10. World Grid-Forming SVG Revenue by Player (2021-2026) & (USD Million)
Table 11. Revenue Market Share of Key Grid-Forming SVG Players in 2025
Table 12. World Grid-Forming SVG Industry Rank of Major Player, Based on Revenue in 2025
Table 13. Global Grid-Forming SVG Company Evaluation Quadrant
Table 14. Head Office of Key Grid-Forming SVG Players
Table 15. Grid-Forming SVG Market: Company Product Type Footprint
Table 16. Grid-Forming SVG Market: Company Product Application Footprint
Table 17. Grid-Forming SVG Mergers & Acquisitions Activity
Table 18. United States VS China Grid-Forming SVG Revenue Comparison, (2021 & 2025 & 2032) & (USD Million)
Table 19. United States VS China Grid-Forming SVG Consumption Value Comparison, (2021 & 2025 & 2032) & (USD Million)
Table 20. United States Based Grid-Forming SVG Companies, Headquarters (States, Country)
Table 21. United States Based Companies Grid-Forming SVG Revenue, (2021-2026) & (USD Million)
Table 22. United States Based Companies Grid-Forming SVG Revenue Market Share (2021-2026)
Table 23. China Based Grid-Forming SVG Companies, Headquarters (Province, Country)
Table 24. China Based Companies Grid-Forming SVG Revenue, (2021-2026) & (USD Million)
Table 25. China Based Companies Grid-Forming SVG Revenue Market Share (2021-2026)
Table 26. Rest of World Based Grid-Forming SVG Companies, Headquarters (Province, Country)
Table 27. Rest of World Based Companies Grid-Forming SVG Revenue (2021-2026) & (USD Million)
Table 28. Rest of World Based Companies Grid-Forming SVG Revenue Market Share (2021-2026)
Table 29. World Grid-Forming SVG Market Size by Type, (USD Million), 2021 & 2025 & 2032
Table 30. World Grid-Forming SVG Market Size Value by Type (2021-2026) & (USD Million)
Table 31. World Grid-Forming SVG Market Size by Type (2027-2032) & (USD Million)
Table 32. World Grid-Forming SVG Market Size by Structure, (USD Million), 2021 & 2025 & 2032
Table 33. World Grid-Forming SVG Market Size Value by Structure (2021-2026) & (USD Million)
Table 34. World Grid-Forming SVG Market Size by Structure (2027-2032) & (USD Million)
Table 35. World Grid-Forming SVG Market Size by Control Strategies, (USD Million), 2021 & 2025 & 2032
Table 36. World Grid-Forming SVG Market Size Value by Control Strategies (2021-2026) & (USD Million)
Table 37. World Grid-Forming SVG Market Size by Control Strategies (2027-2032) & (USD Million)
Table 38. World Grid-Forming SVG Market Size by Application, (USD Million), 2021 & 2025 & 2032
Table 39. World Grid-Forming SVG Market Size by Application (2021-2026) & (USD Million)
Table 40. World Grid-Forming SVG Market Size by Application (2027-2032) & (USD Million)
Table 41. Siemens Basic Information, Manufacturing Base and Competitors
Table 42. Siemens Major Business
Table 43. Siemens Grid-Forming SVG Product and Services
Table 44. Siemens Grid-Forming SVG Revenue, Gross Margin and Market Share (2021-2026) & (USD Million)
Table 45. Siemens Recent Developments/Updates
Table 46. Siemens Competitive Strengths & Weaknesses
Table 47. NR Electric Basic Information, Manufacturing Base and Competitors
Table 48. NR Electric Major Business
Table 49. NR Electric Grid-Forming SVG Product and Services
Table 50. NR Electric Grid-Forming SVG Revenue, Gross Margin and Market Share (2021-2026) & (USD Million)
Table 51. NR Electric Recent Developments/Updates
Table 52. NR Electric Competitive Strengths & Weaknesses
Table 53. Xin Fengguang Basic Information, Manufacturing Base and Competitors
Table 54. Xin Fengguang Major Business
Table 55. Xin Fengguang Grid-Forming SVG Product and Services
Table 56. Xin Fengguang Grid-Forming SVG Revenue, Gross Margin and Market Share (2021-2026) & (USD Million)
Table 57. Xin Fengguang Recent Developments/Updates
Table 58. Xin Fengguang Competitive Strengths & Weaknesses
Table 59. Sieyuan Electric Basic Information, Manufacturing Base and Competitors
Table 60. Sieyuan Electric Major Business
Table 61. Sieyuan Electric Grid-Forming SVG Product and Services
Table 62. Sieyuan Electric Grid-Forming SVG Revenue, Gross Margin and Market Share (2021-2026) & (USD Million)
Table 63. Sieyuan Electric Recent Developments/Updates
Table 64. Sieyuan Electric Competitive Strengths & Weaknesses
Table 65. XJ Group Basic Information, Manufacturing Base and Competitors
Table 66. XJ Group Major Business
Table 67. XJ Group Grid-Forming SVG Product and Services
Table 68. XJ Group Grid-Forming SVG Revenue, Gross Margin and Market Share (2021-2026) & (USD Million)
Table 69. XJ Group Recent Developments/Updates
Table 70. XJ Group Competitive Strengths & Weaknesses
Table 71. Hopewind Basic Information, Manufacturing Base and Competitors
Table 72. Hopewind Major Business
Table 73. Hopewind Grid-Forming SVG Product and Services
Table 74. Hopewind Grid-Forming SVG Revenue, Gross Margin and Market Share (2021-2026) & (USD Million)
Table 75. Hopewind Recent Developments/Updates
Table 76. Hopewind Competitive Strengths & Weaknesses
Table 77. Beijing Sifang Automation Basic Information, Manufacturing Base and Competitors
Table 78. Beijing Sifang Automation Major Business
Table 79. Beijing Sifang Automation Grid-Forming SVG Product and Services
Table 80. Beijing Sifang Automation Grid-Forming SVG Revenue, Gross Margin and Market Share (2021-2026) & (USD Million)
Table 81. Beijing Sifang Automation Recent Developments/Updates
Table 82. Beijing Sifang Automation Competitive Strengths & Weaknesses
Table 83. Global Key Players of Grid-Forming SVG Upstream (Raw Materials)
Table 84. Global Grid-Forming SVG Typical Customers
LIST OF FIGURES
Figure 1. Grid-Forming SVG Picture
Figure 2. World Grid-Forming SVG Total Revenue: 2021 & 2025 & 2032, (USD Million)
Figure 3. World Grid-Forming SVG Total Revenue (2021-2032) & (USD Million)
Figure 4. World Grid-Forming SVG Revenue by Region (2021, 2025 and 2032) & (USD Million), (by Headquarter Location)
Figure 5. World Grid-Forming SVG Revenue Market Share by Region (2021-2032), (by Headquarter Location)
Figure 6. United States Based Company Grid-Forming SVG Revenue (2021-2032) & (USD Million)
Figure 7. China Based Company Grid-Forming SVG Revenue (2021-2032) & (USD Million)
Figure 8. Europe Based Company Grid-Forming SVG Revenue (2021-2032) & (USD Million)
Figure 9. Japan Based Company Grid-Forming SVG Revenue (2021-2032) & (USD Million)
Figure 10. South Korea Based Company Grid-Forming SVG Revenue (2021-2032) & (USD Million)
Figure 11. ASEAN Based Company Grid-Forming SVG Revenue (2021-2032) & (USD Million)
Figure 12. India Based Company Grid-Forming SVG Revenue (2021-2032) & (USD Million)
Figure 13. Grid-Forming SVG Market Drivers
Figure 14. Factors Affecting Demand
Figure 15. World Grid-Forming SVG Consumption Value (2021-2032) & (USD Million)
Figure 16. World Grid-Forming SVG Consumption Value Market Share by Region (2021-2032)
Figure 17. United States Grid-Forming SVG Consumption Value (2021-2032) & (USD Million)
Figure 18. China Grid-Forming SVG Consumption Value (2021-2032) & (USD Million)
Figure 19. Europe Grid-Forming SVG Consumption Value (2021-2032) & (USD Million)
Figure 20. Japan Grid-Forming SVG Consumption Value (2021-2032) & (USD Million)
Figure 21. South Korea Grid-Forming SVG Consumption Value (2021-2032) & (USD Million)
Figure 22. ASEAN Grid-Forming SVG Consumption Value (2021-2032) & (USD Million)
Figure 23. India Grid-Forming SVG Consumption Value (2021-2032) & (USD Million)
Figure 24. Producer Shipments of Grid-Forming SVG by Player Revenue ($MM) and Market Share (%): 2025
Figure 25. Global Four-firm Concentration Ratios (CR4) for Grid-Forming SVG Markets in 2025
Figure 26. Global Four-firm Concentration Ratios (CR8) for Grid-Forming SVG Markets in 2025
Figure 27. United States VS China: Grid-Forming SVG Revenue Market Share Comparison (2021 & 2025 & 2032)
Figure 28. United States VS China: Grid-Forming SVG Consumption Value Market Share Comparison (2021 & 2025 & 2032)
Figure 29. World Grid-Forming SVG Market Size by Type, (USD Million), 2021 & 2025 & 2032
Figure 30. World Grid-Forming SVG Market Size Market Share by Type in 2025
Figure 31. High-voltage Type
Figure 32. Low-voltage Type
Figure 33. World Grid-Forming SVG Market Size Market Share by Type (2021-2032)
Figure 34. World Grid-Forming SVG Market Size by Structure, (USD Million), 2021 & 2025 & 2032
Figure 35. World Grid-Forming SVG Market Size Market Share by Structure in 2025
Figure 36. Single-Unit
Figure 37. Parallel / Modular
Figure 38. Hybrid
Figure 39. World Grid-Forming SVG Market Size Market Share by Structure (2021-2032)
Figure 40. World Grid-Forming SVG Market Size by Control Strategies, (USD Million), 2021 & 2025 & 2032
Figure 41. World Grid-Forming SVG Market Size Market Share by Control Strategies in 2025
Figure 42. VSM Control
Figure 43. Droop Control
Figure 44. Virtual Impedance
Figure 45. World Grid-Forming SVG Market Size Market Share by Control Strategies (2021-2032)
Figure 46. World Grid-Forming SVG Market Size by Application, (USD Million), 2021 & 2025 & 2032
Figure 47. World Grid-Forming SVG Market Size Market Share by Application in 2025
Figure 48. New Energy
Figure 49. Power System
Figure 50. Industry and Manufacturing
Figure 51. Other
Figure 52. World Grid-Forming SVG Market Size Market Share by Application (2021-2032)
Figure 53. Grid-Forming SVG Industrial Chain
Figure 54. Methodology
Figure 55. Research Process and Data Source
Figure 1. Grid-Forming SVG Picture
Figure 2. World Grid-Forming SVG Total Revenue: 2021 & 2025 & 2032, (USD Million)
Figure 3. World Grid-Forming SVG Total Revenue (2021-2032) & (USD Million)
Figure 4. World Grid-Forming SVG Revenue by Region (2021, 2025 and 2032) & (USD Million), (by Headquarter Location)
Figure 5. World Grid-Forming SVG Revenue Market Share by Region (2021-2032), (by Headquarter Location)
Figure 6. United States Based Company Grid-Forming SVG Revenue (2021-2032) & (USD Million)
Figure 7. China Based Company Grid-Forming SVG Revenue (2021-2032) & (USD Million)
Figure 8. Europe Based Company Grid-Forming SVG Revenue (2021-2032) & (USD Million)
Figure 9. Japan Based Company Grid-Forming SVG Revenue (2021-2032) & (USD Million)
Figure 10. South Korea Based Company Grid-Forming SVG Revenue (2021-2032) & (USD Million)
Figure 11. ASEAN Based Company Grid-Forming SVG Revenue (2021-2032) & (USD Million)
Figure 12. India Based Company Grid-Forming SVG Revenue (2021-2032) & (USD Million)
Figure 13. Grid-Forming SVG Market Drivers
Figure 14. Factors Affecting Demand
Figure 15. World Grid-Forming SVG Consumption Value (2021-2032) & (USD Million)
Figure 16. World Grid-Forming SVG Consumption Value Market Share by Region (2021-2032)
Figure 17. United States Grid-Forming SVG Consumption Value (2021-2032) & (USD Million)
Figure 18. China Grid-Forming SVG Consumption Value (2021-2032) & (USD Million)
Figure 19. Europe Grid-Forming SVG Consumption Value (2021-2032) & (USD Million)
Figure 20. Japan Grid-Forming SVG Consumption Value (2021-2032) & (USD Million)
Figure 21. South Korea Grid-Forming SVG Consumption Value (2021-2032) & (USD Million)
Figure 22. ASEAN Grid-Forming SVG Consumption Value (2021-2032) & (USD Million)
Figure 23. India Grid-Forming SVG Consumption Value (2021-2032) & (USD Million)
Figure 24. Producer Shipments of Grid-Forming SVG by Player Revenue ($MM) and Market Share (%): 2025
Figure 25. Global Four-firm Concentration Ratios (CR4) for Grid-Forming SVG Markets in 2025
Figure 26. Global Four-firm Concentration Ratios (CR8) for Grid-Forming SVG Markets in 2025
Figure 27. United States VS China: Grid-Forming SVG Revenue Market Share Comparison (2021 & 2025 & 2032)
Figure 28. United States VS China: Grid-Forming SVG Consumption Value Market Share Comparison (2021 & 2025 & 2032)
Figure 29. World Grid-Forming SVG Market Size by Type, (USD Million), 2021 & 2025 & 2032
Figure 30. World Grid-Forming SVG Market Size Market Share by Type in 2025
Figure 31. High-voltage Type
Figure 32. Low-voltage Type
Figure 33. World Grid-Forming SVG Market Size Market Share by Type (2021-2032)
Figure 34. World Grid-Forming SVG Market Size by Structure, (USD Million), 2021 & 2025 & 2032
Figure 35. World Grid-Forming SVG Market Size Market Share by Structure in 2025
Figure 36. Single-Unit
Figure 37. Parallel / Modular
Figure 38. Hybrid
Figure 39. World Grid-Forming SVG Market Size Market Share by Structure (2021-2032)
Figure 40. World Grid-Forming SVG Market Size by Control Strategies, (USD Million), 2021 & 2025 & 2032
Figure 41. World Grid-Forming SVG Market Size Market Share by Control Strategies in 2025
Figure 42. VSM Control
Figure 43. Droop Control
Figure 44. Virtual Impedance
Figure 45. World Grid-Forming SVG Market Size Market Share by Control Strategies (2021-2032)
Figure 46. World Grid-Forming SVG Market Size by Application, (USD Million), 2021 & 2025 & 2032
Figure 47. World Grid-Forming SVG Market Size Market Share by Application in 2025
Figure 48. New Energy
Figure 49. Power System
Figure 50. Industry and Manufacturing
Figure 51. Other
Figure 52. World Grid-Forming SVG Market Size Market Share by Application (2021-2032)
Figure 53. Grid-Forming SVG Industrial Chain
Figure 54. Methodology
Figure 55. Research Process and Data Source
