North America Power Converter Market Size, Share & Trends Analysis Report By Application, By Type (DC to DC Converter, AC to DC Converter, AC to AC Convertor, and DC to AC Converter), By End-Use Industry, By Country and Growth Forecast, 2023 - 2030

PUBLISHED: February 29, 2024

PAGES: 152 Pages

DELIVERY TIME: 1-2 business days

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The North America Power Converter Market would witness market growth of 6.9% CAGR during the forecast period (2023-2030). In the year 2019, the North America market's volume surged to 75,404.0 thousand units, showcasing a growth of 6.7% (2019-2022).

The aerospace and defense sectors leverage power converters for diverse applications, including avionics, radar systems, and electronic warfare equipment. Power converters in these applications need to adhere to stringent reliability, performance, and electromagnetic compatibility standards. Avionics power converters contribute to the operation of flight control systems, navigation instruments, communication systems, and electronic displays in the cockpit. The reliability and efficiency of these converters are crucial for the safety and performance of aircraft, making adherence to rigorous aerospace standards imperative. Radar systems are essential for aircraft, providing critical capabilities such as weather monitoring, terrain mapping, and, most importantly, detecting other aircraft and potential threats. Power converters within radar systems are pivotal in converting and regulating the electrical power required for radar transmitters, receivers, and signal processing units.

Furthermore, in the medical field, power converters are integral components of medical imaging equipment, diagnostic devices, and life support systems. The precision and reliability of power converters are critical in ensuring the accurate functioning of medical devices vital for patient care. Fuel economy and overall aircraft performance can be enhanced using lightweight materials. Power converters contribute to precisely controlling the magnetic fields and operate radiofrequency (RF) coils, enabling high-quality imaging while maintaining patient safety.

Mexico has been making significant strides in developing its renewable energy sector. The country has abundant renewable resources, including solar and wind, and there has been a push towards diversifying the energy mix and reducing dependence on traditional fossil fuels. Expanding the renewable energy sector in Mexico involves integrating solar and wind power into the electrical grid. Thus, the rising renewable energy sector in North America will assist in the expansion of the regional power converter market.

The US market dominated the North America Power Converter Market, by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $7,203.6 Million by 2030. The Canada market is experiencing a CAGR of 9.3% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 8.4% during (2023 - 2030).

Based on Application, the market is segmented into Consumer Electronics, Medical Equipment, Electric Vehicle, Renewable Energy, and Others. Based on Type, the market is segmented into DC to DC Converter, AC to DC Converter, AC to AC Convertor, and DC to AC Converter. Based on End-Use Industry, the market is segmented into Industrial, Commercial and Residential. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.

List of Key Companies Profiled

ABB Group
General Electric Company
Mitsubishi Electric Corporation
Emerson Electric Co.
Delta Electronics, Inc.
Texas Instruments Incorporated
Eaton Corporation
Schneider Electric
Vicor Corporation
Siemens AG

North America Power Converter Market Report Segmentation

By Application (Volume, Thousand Units, USD Billion, 2019-2030)

Consumer Electronics
Medical Equipment
Electric Vehicle
Renewable Energy
Others

By Type (Volume, Thousand Units, USD Billion, 2019-2030)

DC to DC Converter
AC to DC Converter
AC to AC Convertor
DC to AC Converter

By End-Use Industry (Volume, Thousand Units, USD Billion, 2019-2030)

Industrial
Commercial
Residential

By Country (Volume, Thousand Units, USD Billion, 2019-2030)

US
Canada
Mexico
Rest of North America

Chapter 1.Market Scope & Methodology

1.1Market Definition
1.2Objectives
1.3Market Scope
1.4Segmentation
- 1.4.1North America Power Converter Market, by Application
- 1.4.2North America Power Converter Market, by Type
- 1.4.3North America Power Converter Market, by End-Use Industry
- 1.4.4North America Power Converter Market, by Country
1.5Methodology for the research

Chapter 2.Market at a Glance

2.1Key Highlights

Chapter 3.Market Overview

3.1Introduction
- 3.1.1Overview
  - 3.1.1.1Market Composition and Scenario
3.2Key Factors Impacting the Market
- 3.2.1Market Drivers
- 3.2.2Market Restraints
- 3.2.3Market Opportunities
- 3.2.4Market Challenges

Chapter 4.Competition Analysis - Global

4.1KBV Cardinal Matrix
4.2Recent Industry Wide Strategic Developments
- 4.2.1Partnerships, Collaborations and Agreements
- 4.2.2Product Launches and Product Expansions
- 4.2.3Acquisition and Mergers
4.3Top Winning Strategies
- 4.3.1Key Leading Strategies: Percentage Distribution (2019-2023)
- 4.3.2Key Strategic Move: (Product Launches and Product Expansions : 2019, Feb - 2023, May) Leading Players
4.4Porter's Five Forces Analysis

Chapter 5.North America Power Converter Market, by Application

5.1North America Consumer Electronics Market, by Country
5.2North America Medical Equipment Market, by Country
5.3North America Electric Vehicle Market, by Country
5.4North America Renewable Energy Market, by Country
5.5North America Others Market, by Country

Chapter 6.North America Power Converter Market, by Type

6.1North America DC to DC Converter Market, by Country
6.2North America AC to DC Converter Market, by Country
6.3North America AC to AC Convertor Market, by Country
6.4North America DC to AC Converter Market, by Country

Chapter 7.North America Power Converter Market, by End-Use Industry

7.1North America Industrial Market, by Country
7.2North America Commercial Market, by Country
7.3North America Residential Market, by Country

Chapter 8.North America Power Converter Market, by Country

8.1US Power Converter Market
- 8.1.1US Power Converter Market, by Application
- 8.1.2US Power Converter Market, by Type
- 8.1.3US Power Converter Market, by End-Use Industry
8.2Canada Power Converter Market
- 8.2.1Canada Power Converter Market, by Application
- 8.2.2Canada Power Converter Market, by Type
- 8.2.3Canada Power Converter Market, by End-Use Industry
8.3Mexico Power Converter Market
- 8.3.1Mexico Power Converter Market, by Application
- 8.3.2Mexico Power Converter Market, by Type
- 8.3.3Mexico Power Converter Market, by End-Use Industry
8.4Rest of North America Power Converter Market
- 8.4.1Rest of North America Power Converter Market, by Application
- 8.4.2Rest of North America Power Converter Market, by Type
- 8.4.3Rest of North America Power Converter Market, by End-Use Industry

Chapter 9.Company Profiles

9.1ABB Group
- 9.1.1Company Overview
- 9.1.2Financial Analysis
- 9.1.3Segmental and Regional Analysis
- 9.1.4Research & Development Expense
- 9.1.5Recent strategies and developments:
  - 9.1.5.1Partnerships, Collaborations, and Agreements:
  - 9.1.5.2Product Launches and Product Expansions:
- 9.1.6SWOT Analysis
9.2General Electric Company
- 9.2.1Company Overview
- 9.2.2Financial Analysis
- 9.2.3Segmental and Regional Analysis
- 9.2.4Research & Development Expense
- 9.2.5Recent strategies and developments:
  - 9.2.5.1Partnerships, Collaborations, and Agreements:
  - 9.2.5.2Acquisition and Mergers:
- 9.2.6SWOT Analysis
9.3Mitsubishi Electric Corporation
- 9.3.1Company Overview
- 9.3.2Financial Analysis
- 9.3.3Segmental and Regional Analysis
- 9.3.4Research & Development Expense
- 9.3.5SWOT Analysis
9.4Emerson Electric Co.
- 9.4.1Company Overview
- 9.4.2Financial Analysis
- 9.4.3Segmental and Regional Analysis
- 9.4.4Research & Development Expense
- 9.4.5Recent strategies and developments:
  - 9.4.5.1Partnerships, Collaborations, and Agreements:
- 9.4.6SWOT Analysis
9.5Delta Electronics, Inc.
- 9.5.1Company Overview
- 9.5.2Financial Analysis
- 9.5.3Research & Development Expense
- 9.5.4Recent strategies and developments:
  - 9.5.4.1Product Launches and Product Expansions:
- 9.5.5SWOT Analysis
9.6Texas Instruments, Inc.
- 9.6.1Company Overview
- 9.6.2Financial Analysis
- 9.6.3Segmental and Regional Analysis
- 9.6.4Research & Development Expense
- 9.6.5SWOT Analysis
9.7Schneider Electric SE
- 9.7.1Company Overview
- 9.7.2Financial Analysis
- 9.7.3Segmental and Regional Analysis
- 9.7.4Research & Development Expense
- 9.7.5Recent strategies and developments:
  - 9.7.5.1Acquisition and Mergers:
- 9.7.6SWOT Analysis
9.8Vicor Corporation
- 9.8.1Company Overview
- 9.8.2Financial Analysis
- 9.8.3Product Line and Regional Analysis
- 9.8.4Research & Development Expenses
- 9.8.5Recent strategies and developments:
  - 9.8.5.1Product Launches and Product Expansions:
- 9.8.6SWOT Analysis
9.9Eaton Corporation PLC
- 9.9.1Company Overview
- 9.9.2Financial Analysis
- 9.9.3Segmental and Regional Analysis
- 9.9.4Research & Development Expense
- 9.9.5Recent strategies and developments:
  - 9.9.5.1Product Launches and Product Expansions:
- 9.9.6SWOT Analysis
9.10.Siemens AG
- 9.10.1Company Overview
- 9.10.2Financial Analysis
- 9.10.3Segmental and Regional Analysis
- 9.10.4Research & Development Expense
- 9.10.5Recent strategies and developments:
  - 9.10.5.1Partnerships, Collaborations, and Agreements:
  - 9.10.5.2Product Launches and Product Expansions:
- 9.10.6SWOT Analysis

LIST OF TABLES

TABLE 1North America Power Converter Market, 2019 - 2022, USD Million
TABLE 2North America Power Converter Market, 2023 - 2030, USD Million
TABLE 3North America Power Converter Market, 2019 - 2022, Thousand Units
TABLE 4North America Power Converter Market, 2023 - 2030, Thousand Units
TABLE 5Partnerships, Collaborations and Agreements- Power Converter Market
TABLE 6Product Launches And Product Expansions- Power Converter Market
TABLE 7Acquisition and Mergers- Power Converter Market
TABLE 8North America Power Converter Market, by Application, 2019 - 2022, USD Million
TABLE 9North America Power Converter Market, by Application, 2023 - 2030, USD Million
TABLE 10North America Power Converter Market, by Application, 2019 - 2022, Thousand Units
TABLE 11North America Power Converter Market, by Application, 2023 - 2030, Thousand Units
TABLE 12North America Consumer Electronics Market, by Country, 2019 - 2022, USD Million
TABLE 13North America Consumer Electronics Market, by Country, 2023 - 2030, USD Million
TABLE 14North America Consumer Electronics Market, by Country, 2019 - 2022, Thousand Units
TABLE 15North America Consumer Electronics Market, by Country, 2023 - 2030, Thousand Units
TABLE 16North America Medical Equipment Market, by Country, 2019 - 2022, USD Million
TABLE 17North America Medical Equipment Market, by Country, 2023 - 2030, USD Million
TABLE 18North America Medical Equipment Market, by Country, 2019 - 2022, Thousand Units
TABLE 19North America Medical Equipment Market, by Country, 2023 - 2030, Thousand Units
TABLE 20North America Electric Vehicle Market, by Country, 2019 - 2022, USD Million
TABLE 21North America Electric Vehicle Market, by Country, 2023 - 2030, USD Million
TABLE 22North America Electric Vehicle Market, by Country, 2019 - 2022, Thousand Units
TABLE 23North America Electric Vehicle Market, by Country, 2023 - 2030, Thousand Units
TABLE 24North America Renewable Energy Market, by Country, 2019 - 2022, USD Million
TABLE 25North America Renewable Energy Market, by Country, 2023 - 2030, USD Million
TABLE 26North America Renewable Energy Market, by Country, 2019 - 2022, Thousand Units
TABLE 27North America Renewable Energy Market, by Country, 2023 - 2030, Thousand Units
TABLE 28North America Others Market, by Country, 2019 - 2022, USD Million
TABLE 29North America Others Market, by Country, 2023 - 2030, USD Million
TABLE 30North America Others Market, by Country, 2019 - 2022, Thousand Units
TABLE 31North America Others Market, by Country, 2023 - 2030, Thousand Units
TABLE 32North America Power Converter Market, by Type, 2019 - 2022, USD Million
TABLE 33North America Power Converter Market, by Type, 2023 - 2030, USD Million
TABLE 34North America Power Converter Market, by Type, 2019 - 2022, Thousand Units
TABLE 35North America Power Converter Market, by Type, 2023 - 2030, Thousand Units
TABLE 36North America DC to DC Converter Market, by Country, 2019 - 2022, USD Million
TABLE 37North America DC to DC Converter Market, by Country, 2023 - 2030, USD Million
TABLE 38North America DC to DC Converter Market, by Country, 2019 - 2022, Thousand Units
TABLE 39North America DC to DC Converter Market, by Country, 2023 - 2030, Thousand Units
TABLE 40North America AC to DC Converter Market, by Country, 2019 - 2022, USD Million
TABLE 41North America AC to DC Converter Market, by Country, 2023 - 2030, USD Million
TABLE 42North America AC to DC Converter Market, by Country, 2019 - 2022, Thousand Units
TABLE 43North America AC to DC Converter Market, by Country, 2023 - 2030, Thousand Units
TABLE 44North America AC to AC Convertor Market, by Country, 2019 - 2022, USD Million
TABLE 45North America AC to AC Convertor Market, by Country, 2023 - 2030, USD Million
TABLE 46North America AC to AC Convertor Market, by Country, 2019 - 2022, Thousand Units
TABLE 47North America AC to AC Convertor Market, by Country, 2023 - 2030, Thousand Units
TABLE 48North America DC to AC Converter Market, by Country, 2019 - 2022, USD Million
TABLE 49North America DC to AC Converter Market, by Country, 2023 - 2030, USD Million
TABLE 50North America DC to AC Converter Market, by Country, 2019 - 2022, Thousand Units
TABLE 51North America DC to AC Converter Market, by Country, 2023 - 2030, Thousand Units
TABLE 52North America Power Converter Market, by End-Use Industry, 2019 - 2022, USD Million
TABLE 53North America Power Converter Market, by End-Use Industry, 2023 - 2030, USD Million
TABLE 54North America Power Converter Market, by End-Use Industry, 2019 - 2022, Thousand Units
TABLE 55North America Power Converter Market, by End-Use Industry, 2023 - 2030, Thousand Units
TABLE 56North America Industrial Market, by Country, 2019 - 2022, USD Million
TABLE 57North America Industrial Market, by Country, 2023 - 2030, USD Million
TABLE 58North America Industrial Market, by Country, 2019 - 2022, Thousand Units
TABLE 59North America Industrial Market, by Country, 2023 - 2030, Thousand Units
TABLE 60North America Commercial Market, by Country, 2019 - 2022, USD Million
TABLE 61North America Commercial Market, by Country, 2023 - 2030, USD Million
TABLE 62North America Commercial Market, by Country, 2019 - 2022, Thousand Units
TABLE 63North America Commercial Market, by Country, 2023 - 2030, Thousand Units
TABLE 64North America Residential Market, by Country, 2019 - 2022, USD Million
TABLE 65North America Residential Market, by Country, 2023 - 2030, USD Million
TABLE 66North America Residential Market, by Country, 2019 - 2022, Thousand Units
TABLE 67North America Residential Market, by Country, 2023 - 2030, Thousand Units
TABLE 68North America Power Converter Market, by Country, 2019 - 2022, USD Million
TABLE 69North America Power Converter Market, by Country, 2023 - 2030, USD Million
TABLE 70North America Power Converter Market, by Country, 2019 - 2022, Thousand Units
TABLE 71North America Power Converter Market, by Country, 2023 - 2030, Thousand Units
TABLE 72US Power Converter Market, 2019 - 2022, USD Million
TABLE 73US Power Converter Market, 2023 - 2030, USD Million
TABLE 74US Power Converter Market, 2019 - 2022, Thousand Units
TABLE 75US Power Converter Market, 2023 - 2030, Thousand Units
TABLE 76US Power Converter Market, by Application, 2019 - 2022, USD Million
TABLE 77US Power Converter Market, by Application, 2023 - 2030, USD Million
TABLE 78US Power Converter Market, by Application, 2019 - 2022, Thousand Units
TABLE 79US Power Converter Market, by Application, 2023 - 2030, Thousand Units
TABLE 80US Power Converter Market, by Type, 2019 - 2022, USD Million
TABLE 81US Power Converter Market, by Type, 2023 - 2030, USD Million
TABLE 82US Power Converter Market, by Type, 2019 - 2022, Thousand Units
TABLE 83US Power Converter Market, by Type, 2023 - 2030, Thousand Units
TABLE 84US Power Converter Market, by End-Use Industry, 2019 - 2022, USD Million
TABLE 85US Power Converter Market, by End-Use Industry, 2023 - 2030, USD Million
TABLE 86US Power Converter Market, by End-Use Industry, 2019 - 2022, Thousand Units
TABLE 87US Power Converter Market, by End-Use Industry, 2023 - 2030, Thousand Units
TABLE 88Canada Power Converter Market, 2019 - 2022, USD Million
TABLE 89Canada Power Converter Market, 2023 - 2030, USD Million
TABLE 90Canada Power Converter Market, 2019 - 2022, Thousand Units
TABLE 91Canada Power Converter Market, 2023 - 2030, Thousand Units
TABLE 92Canada Power Converter Market, by Application, 2019 - 2022, USD Million
TABLE 93Canada Power Converter Market, by Application, 2023 - 2030, USD Million
TABLE 94Canada Power Converter Market, by Application, 2019 - 2022, Thousand Units
TABLE 95Canada Power Converter Market, by Application, 2023 - 2030, Thousand Units
TABLE 96Canada Power Converter Market, by Type, 2019 - 2022, USD Million
TABLE 97Canada Power Converter Market, by Type, 2023 - 2030, USD Million
TABLE 98Canada Power Converter Market, by Type, 2019 - 2022, Thousand Units
TABLE 99Canada Power Converter Market, by Type, 2023 - 2030, Thousand Units
TABLE 100Canada Power Converter Market, by End-Use Industry, 2019 - 2022, USD Million
TABLE 101Canada Power Converter Market, by End-Use Industry, 2023 - 2030, USD Million
TABLE 102Canada Power Converter Market, by End-Use Industry, 2019 - 2022, Thousand Units
TABLE 103Canada Power Converter Market, by End-Use Industry, 2023 - 2030, Thousand Units
TABLE 104Mexico Power Converter Market, 2019 - 2022, USD Million
TABLE 105Mexico Power Converter Market, 2023 - 2030, USD Million
TABLE 106Mexico Power Converter Market, 2019 - 2022, Thousand Units
TABLE 107Mexico Power Converter Market, 2023 - 2030, Thousand Units
TABLE 108Mexico Power Converter Market, by Application, 2019 - 2022, USD Million
TABLE 109Mexico Power Converter Market, by Application, 2023 - 2030, USD Million
TABLE 110Mexico Power Converter Market, by Application, 2019 - 2022, Thousand Units
TABLE 111Mexico Power Converter Market, by Application, 2023 - 2030, Thousand Units
TABLE 112Mexico Power Converter Market, by Type, 2019 - 2022, USD Million
TABLE 113Mexico Power Converter Market, by Type, 2023 - 2030, USD Million
TABLE 114Mexico Power Converter Market, by Type, 2019 - 2022, Thousand Units
TABLE 115Mexico Power Converter Market, by Type, 2023 - 2030, Thousand Units
TABLE 116Mexico Power Converter Market, by End-Use Industry, 2019 - 2022, USD Million
TABLE 117Mexico Power Converter Market, by End-Use Industry, 2023 - 2030, USD Million
TABLE 118Mexico Power Converter Market, by End-Use Industry, 2019 - 2022, Thousand Units
TABLE 119Mexico Power Converter Market, by End-Use Industry, 2023 - 2030, Thousand Units
TABLE 120Rest of North America Power Converter Market, 2019 - 2022, USD Million
TABLE 121Rest of North America Power Converter Market, 2023 - 2030, USD Million
TABLE 122Rest of North America Power Converter Market, 2019 - 2022, Thousand Units
TABLE 123Rest of North America Power Converter Market, 2023 - 2030, Thousand Units
TABLE 124Rest of North America Power Converter Market, by Application, 2019 - 2022, USD Million
TABLE 125Rest of North America Power Converter Market, by Application, 2023 - 2030, USD Million
TABLE 126Rest of North America Power Converter Market, by Application, 2019 - 2022, Thousand Units
TABLE 127Rest of North America Power Converter Market, by Application, 2023 - 2030, Thousand Units
TABLE 128Rest of North America Power Converter Market, by Type, 2019 - 2022, USD Million
TABLE 129Rest of North America Power Converter Market, by Type, 2023 - 2030, USD Million
TABLE 130Rest of North America Power Converter Market, by Type, 2019 - 2022, Thousand Units
TABLE 131Rest of North America Power Converter Market, by Type, 2023 - 2030, Thousand Units
TABLE 132Rest of North America Power Converter Market, by End-Use Industry, 2019 - 2022, USD Million
TABLE 133Rest of North America Power Converter Market, by End-Use Industry, 2023 - 2030, USD Million
TABLE 134Rest of North America Power Converter Market, by End-Use Industry, 2019 - 2022, Thousand Units
TABLE 135Rest of North America Power Converter Market, by End-Use Industry, 2023 - 2030, Thousand Units
TABLE 136Key Information - ABB Group
TABLE 137Key Information - General Electric Company
TABLE 138Key Information - Mitsubishi Electric Corporation
TABLE 139Key Information - Emerson Electric Co.
TABLE 140Key Information - Delta Electronics, Inc.
TABLE 141Key Information - Texas Instruments, Inc.
TABLE 142Key Information - Schneider Electric SE
TABLE 143Key Information - Vicor Corporation
TABLE 144Key Information - Eaton Corporation PLC
TABLE 145Key Information - Siemens AG