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Global Voltage Source Converters (VSC) Market Outlook, In‑Depth Analysis & Forecast to 2031
Published Date: November 2025
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Report Code: QYRE-Auto-37C17323
Home | Market Reports | Computers & Electronics| Electronics & Electrical| Electronic Components
Global Voltage Source Converters VSC Market Research Report 2024
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Global Voltage Source Converters (VSC) Market Outlook, In‑Depth Analysis & Forecast to 2031

Code: QYRE-Auto-37C17323
Report
November 2025
Pages:148
QYResearch
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DESCRIPTION
TABLE OF CONTENT
TABLES & FIGURES
FEATURED COMPANIES
ABB Ltd
Siemens AG
GE
Nexans S A
NKT
Prysmian Power Link

Voltage Source Converters (VSC) Market

The global Voltage Source Converters (VSC) market is projected to grow from US$ million in 2024 to US$ million by 2031, at a CAGR of %(2025-2031), driven by critical product segments and diverse end‑use applications, while evolving U.S. tariff policies introduce trade‑cost volatility and supply‑chain uncertainty.
VSCs are advanced power electronic devices that convert electrical power from AC to DC and vice versa. They are self-commutated converters that use high-power electronic devices like Insulated Gate Bipolar Transistors (IGBTs) for operation. VSCs are capable of generating AC voltages independently, allowing for rapid control of both active and reactive power, as well as black start capabilities.
From a downstream perspective, Onshore Power Generation Equipment accounted for % of 2024 revenue, surging to US$ million by 2031 (CAGR: % from 2025–2031).
Voltage Source Converters (VSC) leading manufacturers including ABB, Siemens, GE, Prysmian Power Link, Nexans, NKT, etc., dominate supply; the top five capture approximately % of global revenue, with ABB leading 2024 sales at US$ million.
Regional Outlook:
North America rose from US$ million in 2024 to a forecast US$ million by 2031 (CAGR %).
Asia‑Pacific will expand from US$ million to US$ million (CAGR  %), led by China (US$ million in 2024, % share rising to % by 2031), Japan (CAGR %), South Korea (CAGR %), and Southeast Asia (CAGR %).
Europe is set to grow from US$ million to US$ million (CAGR %), with Germany projected to hit US$ million by 2031 (CAGR %).

Report Includes:

This definitive report equips CEOs, marketing directors, and investors with a 360° view of the global Voltage Source Converters (VSC) market, seamlessly integrating production capacity and sales performance across the value chain. It analyzes historical production, revenue, and sales data (2020–2024) and delivers forecasts through 2031, illuminating demand trends and growth drivers.
By segmenting the market by Type and by Application, the study quantifies volume and value, growth rates, technical innovations, niche opportunities, and substitution risks, and analyzes downstream customers distribution pattern.
Granular regional insights cover five major markets—North America, Europe, APAC, South America, and MEA—with in‑depth analysis of 20+ countries. Each region’s dominant products, competitive landscape, and downstream demand trends are clearly detailed.
Critical competitive intelligence profiles manufacturers—capacity, sales volume, revenue, margins, pricing strategies, and major customers—and dissects the top-player positioning across product lines, applications, and regions to reveal strategic strengths.
A concise supply‑chain overview maps upstream suppliers, manufacturing technologies, cost structures, and distribution dynamics to identify strategic gaps and unmet demand.
Market Segmentation

Scope of Voltage Source Converters (VSC) Market Report

Report Metric Details
Report Name Voltage Source Converters (VSC) Market
Segment by Type
  • High Voltage Electrical Converter
  • Low Voltage Electrical Converter
Segment by Application
  • Onshore Power Generation Equipment
  • Offshore Power Generation Equipment
Production by Region
  • North America
  • Europe
  • China
  • Japan
Sales by Region
  • North America (United States, Canada)
  • Europe (Germany, France, UK, Italy, Russia) Rest of Europe
  • Nordic Countries
  • Asia-Pacific (China, Japan, South Korea)
  • Southeast Asia (India, Australia)
  • Rest of Asia
  • Latin America (Mexico, Brazil)
  • Rest of Latin America
  • Middle East & Africa (Turkey, Saudi Arabia, UAE, Rest of MEA)
By Company ABB, Siemens, GE, Prysmian Power Link, Nexans, NKT
Forecast units USD million in value
Report coverage Revenue and volume forecast, company share, competitive landscape, growth factors and trends

Chapter Outline

  • Chapter 1: Defines the Voltage Source Converters (VSC) study scope, segments the market by Type and by Application, etc, highlights segment size and growth potential.
  • Chapter 2: Offers current market state, projects global revenue and sales to 2031, pinpointing high consumption regions and emerging market catalysts
  • Chapter 3: Maps global production capacity, utilization, and market share (2020–2031), identifies efficient hubs, reveals regulatory/trade policy impacts and bottlenecks.
  • Chapter 4: Dissects the manufacturer landscape—ranks by volume and revenue, analyzes profitability and pricing, maps production bases, details manufacturer performance by product type and evaluates concentration alongside M&A moves.
  • Chapter 5: Unlocks high margin product segments—compares sales, revenue, ASP, and technology differentiators, highlighting growth niches and substitution risks
  • Chapter 6: Targets downstream market opportunities—evaluates sales, revenue, and pricing by Application, identifies emerging use cases, and profiles leading customers by region and by Application.
  • Chapter 7: North America—breaks down sales and revenue by Type, by Application and country, profiles key manufacturers and assesses growth drivers and barriers.
  • Chapter 8: Europe—analyses regional sales, revenue and market by Type, by Application and manufacturers, flagging drivers and barriers.
  • Chapter 9: Asia Pacific—quantifies sales and revenue by Type, by Application, and region/country, profiles top manufacturers, and uncovers high potential expansion areas.
  • Chapter 10: Central & South America—measures sales and revenue by Type, by Application, and country, profiles top manufacturers, and identifies investment opportunities and challenges.
  • Chapter 11: Middle East and Africa—evaluates sales and revenue by Type, by Application, and country, profiles key manufacturers, and outlines investment prospects and market hurdles
  • Chapter 12: Profiles manufacturers in depth—details product specs, capacity, sales, revenue, margins; Top manufactures 2024 sales breakdowns by Product type, by Application, by sales region SWOT analysis, and recent strategic developments.
  • Chapter 13: Supply chain—analyses upstream raw materials and suppliers, manufacturing footprint and technology, cost drivers, plus downstream channels and distributor roles.
  • Chapter 14: Market dynamics—explores drivers, restraints, regulatory impacts, and risk mitigation strategies.
  • Chapter 15: Actionable conclusions and strategic recommendations.
  • Why This Report:
  • Beyond standard market data, this analysis provides a clear profitability roadmap—empowering you to:
  • Allocate capital strategically to high growth regions (Chapters 7–11) and margin rich segments (Chapter 5).
  • Negotiate from strength with suppliers (Chapter 13) and customers (Chapter 6) using cost and demand intelligence.
  • Outmaneuver competitors with granular insights into their operations, margins, and strategies (Chapters 4 and 12).
  • Secure your supply chain against disruptions through upstream and downstream visibility (Chapters 13 and 14).
  • Leverage this 360° intelligence to turn market complexity into actionable competitive advantage.

FAQ for this report

Who are the main players in the Voltage Source Converters (VSC) Market report?

Ans: The main players in the Voltage Source Converters (VSC) Market are ABB, Siemens, GE, Prysmian Power Link, Nexans, NKT

What are the Application segmentation covered in the Voltage Source Converters (VSC) Market report?

Ans: The Applications covered in the Voltage Source Converters (VSC) Market report are Onshore Power Generation Equipment, Offshore Power Generation Equipment

What are the Type segmentation covered in the Voltage Source Converters (VSC) Market report?

Ans: The Types covered in the Voltage Source Converters (VSC) Market report are High Voltage Electrical Converter, Low Voltage Electrical Converter

1 Study Coverage
1.1 Introduction to Voltage Source Converters (VSC): Definition, Properties, and Key Attributes
1.2 Market Segmentation by Type
1.2.1 Global Voltage Source Converters (VSC) Market Size by Type, 2020 VS 2024 VS 2031
1.2.2 High Voltage Electrical Converter
1.2.3 Low Voltage Electrical Converter
1.3 Market Segmentation by Application
1.3.1 Global Voltage Source Converters (VSC) Market Size by Application, 2020 VS 2024 VS 2031
1.3.2 Onshore Power Generation Equipment
1.3.3 Offshore Power Generation Equipment
1.4 Assumptions and Limitations
1.5 Study Objectives
1.6 Years Considered
2 Executive Summary
2.1 Global Voltage Source Converters (VSC) Revenue Estimates and Forecasts 2020-2031
2.2 Global Voltage Source Converters (VSC) Revenue by Region
2.2.1 Revenue Comparison: 2020 VS 2024 VS 2031
2.2.2 Historical and Forecasted Revenue by Region (2020--2031)
2.2.3 Global Revenue Market Share by Region (2020-2031)
2.3 Global Voltage Source Converters (VSC) Sales Estimates and Forecasts 2020-2031
2.4 Global Voltage Source Converters (VSC) Sales by Region
2.4.1 Sales Comparison: 2020 VS 2024 VS 2031
2.4.2 Historical and Forecasted Sales by Region (2020-2031)
2.4.3 Emerging Market Focus: Growth Drivers & Investment Trends
2.4.4 Global Sales Market Share by Region (2020-2031)
3 Global Production Analysis
3.1 Global Voltage Source Converters (VSC) Production Capacity and Utilization Rates (2020–2031)
3.2 Regional Production: Comparative Analysis (2020 VS 2024 VS 2031)
3.3 Regional Production Dynamics
3.3.1 Historic Production by Region (2020-2025)
3.3.2 Forecasted Production by Region (2026-2031)
3.3.3 Production Market Share by Region (2020-2031)
3.3.4 Regulatory and Trade Policy Impact on Production
3.3.5 Production Capacity Enablers and Constraints
3.4 Key Regional Production Hubs
3.4.1 North America
3.4.2 Europe
3.4.3 China
3.4.4 Japan
4 Competition by Manufacturers
4.1 Global Voltage Source Converters (VSC) Sales by Manufacturers
4.1.1 Global Sales Volume by Manufacturers (2020-2025)
4.1.2 Global Top 5 and Top 10 Manufacturers’Market Share by Sales Volume (2024)
4.2 Global Voltage Source Converters (VSC) Manufacturer Revenue Rankings and Tiers
4.2.1 Global Revenue (Value) by Manufacturers (2020-2025)
4.2.2 Global Key Manufacturer Revenue Ranking (2023 vs. 2024)
4.2.3 Revenue-Based Tier Segmentation (Tier 1, Tier 2, and Tier 3)
4.3 Manufacturer Profitability Profiles and Pricing Strategies
4.3.1 Gross Margin by Top Manufacturer (2020 VS 2024)
4.3.2 Manufacturer-Level Price Trends (2020-2025)
4.4 Key Manufacturers Manufacturing Base and Headquarters
4.5 Main Product Type Market Size by Manufacturers
4.5.1 High Voltage Electrical Converter Market Size by Manufacturers
4.5.2 Low Voltage Electrical Converter Market Size by Manufacturers
4.6 Global Voltage Source Converters (VSC) Market Concentration and Dynamics
4.6.1 Global Market Concentration (CR5 and HHI)
4.6.2 Entrant/Exit Impact Analysis
4.6.3 Strategic Moves: M&A, Capacity Expansion, R&D Investment
5 Global Product Segmentation Analysis
5.1 Global Voltage Source Converters (VSC) Sales Performance by Type
5.1.1 Global Historical and Forecasted Sales by Type (2020-2031)
5.1.2 Global Sales Market Share by Type (2020-2031)
5.2 Global Voltage Source Converters (VSC) Revenue Trends by Type
5.2.1 Global Historical and Forecasted Revenue by Type (2020-2031)
5.2.2 Global Revenue Market Share by Type (2020-2031)
5.3 Global Average Selling Price (ASP) Trends by Type (2020-2031)
5.4 Product Technology Differentiation
5.5 Subtype Dynamics: Growth Leaders, Profitability and Risk
5.5.1 High-Growth Niches and Adoption Drivers
5.5.2 Profitability Hotspots and Cost Drivers
5.5.3 Substitution Threats
6 Global Downstream Application Analysis
6.1 Global Voltage Source Converters (VSC) Sales by Application
6.1.1 Global Historical and Forecasted Sales by Application (2020-2031)
6.1.2 Global Sales Market Share by Application (2020-2031)
6.1.3 High-Growth Application Identification
6.1.4 Emerging Application Case Studies
6.2 Global Voltage Source Converters (VSC) Revenue by Application
6.2.1 Global Historical and Forecasted Revenue by Application (2020-2031)
6.2.2 Revenue Market Share by Application (2020-2031)
6.3 Global Pricing Dynamics by Application (2020-2031)
6.4 Downstream Customer Analysis
6.4.1 Top Customers by Region
6.4.2 Top Customers by Application
7 North America
7.1 North America Sales Volume and Revenue (2020-2031)
7.2 North America Key Manufacturers Sales Revenue in 2024
7.3 North America Voltage Source Converters (VSC) Sales and Revenue by Type (2020-2031)
7.4 North America Voltage Source Converters (VSC) Sales and Revenue by Application (2020-2031)
7.5 North America Growth Accelerators and Market Barriers
7.6 North America Voltage Source Converters (VSC) Market Size by Country
7.6.1 North America Revenue by Country
7.6.2 North America Sales Trends by Country
7.6.3 US
7.6.4 Canada
7.6.5 Mexico
8 Europe
8.1 Europe Sales Volume and Revenue (2020-2031)
8.2 Europe Key Manufacturers Sales Revenue in 2024
8.3 Europe Voltage Source Converters (VSC) Sales and Revenue by Type (2020-2031)
8.4 Europe Voltage Source Converters (VSC) Sales and Revenue by Application (2020-2031)
8.5 Europe Growth Accelerators and Market Barriers
8.6 Europe Voltage Source Converters (VSC) Market Size by Country
8.6.1 Europe Revenue by Country
8.6.2 Europe Sales Trends by Country
8.6.3 Germany
8.6.4 France
8.6.5 U.K.
8.6.6 Italy
8.6.7 Russia
9 Asia-Pacific
9.1 Asia-Pacific Sales Volume and Revenue (2020-2031)
9.2 Asia-Pacific Key Manufacturers Sales Revenue in 2024
9.3 Asia-Pacific Voltage Source Converters (VSC) Sales and Revenue by Type (2020-2031)
9.4 Asia-Pacific Voltage Source Converters (VSC) Sales and Revenue by Application (2020-2031)
9.5 Asia-Pacific Voltage Source Converters (VSC) Market Size by Region
9.5.1 Asia-Pacific Revenue by Region
9.5.2 Asia-Pacific Sales Trends by Region
9.6 Asia-Pacific Growth Accelerators and Market Barriers
9.7 Southeast Asia
9.7.1 Southeast Asia Revenue by Country (2020 VS 2024 VS 2031)
9.7.2 Key Country Analysis: Indonesia, Vietnam, Thailand
9.8 China
9.9 Japan
9.10 South Korea
9.11 China Taiwan
9.12 India
10 Central and South America
10.1 Central and South America Sales Volume and Revenue (2020-2031)
10.2 Central and South America Key Manufacturers Sales Revenue in 2024
10.3 Central and South America Voltage Source Converters (VSC) Sales and Revenue by Type (2020-2031)
10.4 Central and South America Voltage Source Converters (VSC) Sales and Revenue by Application (2020-2031)
10.5 Central and South America Investment Opportunities and Key Challenges
10.6 Central and South America Voltage Source Converters (VSC) Market Size by Country
10.6.1 Central and South America Revenue Trends by Country (2020 VS 2024 VS 2031)
10.6.2 Brazil
10.6.3 Argentina
11 Middle East and Africa
11.1 Middle East and Africa Sales Volume and Revenue (2020-2031)
11.2 Middle East and Africa Key Manufacturers Sales Revenue in 2024
11.3 Middle East and Africa Voltage Source Converters (VSC) Sales and Revenue by Type (2020-2031)
11.4 Middle East and Africa Voltage Source Converters (VSC) Sales and Revenue by Application (2020-2031)
11.5 Middle East and Africa Investment Opportunities and Key Challenges
11.6 Middle East and Africa Voltage Source Converters (VSC) Market Size by Country
11.6.1 Middle East and Africa Revenue Trends by Country (2020 VS 2024 VS 2031)
11.6.2 GCC Countries
11.6.3 Turkey
11.6.4 Egypt
11.6.5 South Africa
12 Corporate Profile
12.1 ABB
12.1.1 ABB Corporation Information
12.1.2 ABB Business Overview
12.1.3 ABB Voltage Source Converters (VSC) Product Models, Descriptions and Specifications
12.1.4 ABB Voltage Source Converters (VSC) Capacity, Sales, Price, Revenue and Gross Margin (2020-2025)
12.1.5 ABB Voltage Source Converters (VSC) Sales by Product in 2024
12.1.6 ABB Voltage Source Converters (VSC) Sales by Application in 2024
12.1.7 ABB Voltage Source Converters (VSC) Sales by Geographic Area in 2024
12.1.8 ABB Voltage Source Converters (VSC) SWOT Analysis
12.1.9 ABB Recent Developments
12.2 Siemens
12.2.1 Siemens Corporation Information
12.2.2 Siemens Business Overview
12.2.3 Siemens Voltage Source Converters (VSC) Product Models, Descriptions and Specifications
12.2.4 Siemens Voltage Source Converters (VSC) Capacity, Sales, Price, Revenue and Gross Margin (2020-2025)
12.2.5 Siemens Voltage Source Converters (VSC) Sales by Product in 2024
12.2.6 Siemens Voltage Source Converters (VSC) Sales by Application in 2024
12.2.7 Siemens Voltage Source Converters (VSC) Sales by Geographic Area in 2024
12.2.8 Siemens Voltage Source Converters (VSC) SWOT Analysis
12.2.9 Siemens Recent Developments
12.3 GE
12.3.1 GE Corporation Information
12.3.2 GE Business Overview
12.3.3 GE Voltage Source Converters (VSC) Product Models, Descriptions and Specifications
12.3.4 GE Voltage Source Converters (VSC) Capacity, Sales, Price, Revenue and Gross Margin (2020-2025)
12.3.5 GE Voltage Source Converters (VSC) Sales by Product in 2024
12.3.6 GE Voltage Source Converters (VSC) Sales by Application in 2024
12.3.7 GE Voltage Source Converters (VSC) Sales by Geographic Area in 2024
12.3.8 GE Voltage Source Converters (VSC) SWOT Analysis
12.3.9 GE Recent Developments
12.4 Prysmian Power Link
12.4.1 Prysmian Power Link Corporation Information
12.4.2 Prysmian Power Link Business Overview
12.4.3 Prysmian Power Link Voltage Source Converters (VSC) Product Models, Descriptions and Specifications
12.4.4 Prysmian Power Link Voltage Source Converters (VSC) Capacity, Sales, Price, Revenue and Gross Margin (2020-2025)
12.4.5 Prysmian Power Link Voltage Source Converters (VSC) Sales by Product in 2024
12.4.6 Prysmian Power Link Voltage Source Converters (VSC) Sales by Application in 2024
12.4.7 Prysmian Power Link Voltage Source Converters (VSC) Sales by Geographic Area in 2024
12.4.8 Prysmian Power Link Voltage Source Converters (VSC) SWOT Analysis
12.4.9 Prysmian Power Link Recent Developments
12.5 Nexans
12.5.1 Nexans Corporation Information
12.5.2 Nexans Business Overview
12.5.3 Nexans Voltage Source Converters (VSC) Product Models, Descriptions and Specifications
12.5.4 Nexans Voltage Source Converters (VSC) Capacity, Sales, Price, Revenue and Gross Margin (2020-2025)
12.5.5 Nexans Voltage Source Converters (VSC) Sales by Product in 2024
12.5.6 Nexans Voltage Source Converters (VSC) Sales by Application in 2024
12.5.7 Nexans Voltage Source Converters (VSC) Sales by Geographic Area in 2024
12.5.8 Nexans Voltage Source Converters (VSC) SWOT Analysis
12.5.9 Nexans Recent Developments
12.6 NKT
12.6.1 NKT Corporation Information
12.6.2 NKT Business Overview
12.6.3 NKT Voltage Source Converters (VSC) Product Models, Descriptions and Specifications
12.6.4 NKT Voltage Source Converters (VSC) Capacity, Sales, Price, Revenue and Gross Margin (2020-2025)
12.6.5 NKT Recent Developments
13 Value Chain and Supply-Chain Analysis
13.1 Voltage Source Converters (VSC) Industry Chain
13.2 Voltage Source Converters (VSC) Upstream Materials Analysis
13.2.1 Raw Materials
13.2.2 Key Suppliers Market Share & Risk Assessment
13.3 Voltage Source Converters (VSC) Integrated Production Analysis
13.3.1 Manufacturing Footprint Analysis
13.3.2 Production Technology Overview
13.3.3 Regional Cost Drivers
13.4 Voltage Source Converters (VSC) Sales Channels and Distribution Networks
13.4.1 Sales Channels
13.4.2 Distributors
14 Voltage Source Converters (VSC) Market Dynamics
14.1 Industry Trends and Evolution
14.2 Market Growth Drivers and Emerging Opportunities
14.3 Market Challenges, Risks, and Restraints
15 Key Findings in the Global Voltage Source Converters (VSC) Study
16 Appendix
16.1 Research Methodology
16.1.1 Methodology/Research Approach
16.1.1.1 Research Programs/Design
16.1.1.2 Market Size Estimation
16.1.1.3 Market Breakdown and Data Triangulation
16.1.2 Data Source
16.1.2.1 Secondary Sources
16.1.2.2 Primary Sources
16.2 Author Details
FEATURED COMPANIES
ABB Ltd
Siemens AG
GE
Nexans S A
NKT
Prysmian Power Link
List of Tables
 Table 1. Global Voltage Source Converters (VSC) Market Size Growth Rate by Type, 2020 VS 2024 VS 2031 (US$ Million)
 Table 2. Global Voltage Source Converters (VSC) Market Size Growth Rate by Application, 2020 VS 2024 VS 2031 (US$ Million)
 Table 3. Global Voltage Source Converters (VSC) Revenue Grow Rate (CAGR) by Region: 2020 VS 2024 VS 2031 (US$ Million)
 Table 4. Global Voltage Source Converters (VSC) Revenue by Region (2020-2025) & (US$ Million)
 Table 5. Global Voltage Source Converters (VSC) Revenue by Region (2026-2031) & (US$ Million)
 Table 6. Global Voltage Source Converters (VSC) Sales Grow Rate (CAGR) by Region: 2020 VS 2024 VS 2031 (K Units)
 Table 7. Global Voltage Source Converters (VSC) Sales by Region (2020-2025) & (K Units)
 Table 8. Global Voltage Source Converters (VSC) Sales by Region (2026-2031) & (K Units)
 Table 9. Emerging Market Revenue Grow Rate (CAGR) by Country (2020 VS 2024 VS 2031) (US$ Million)
 Table 10. Global Voltage Source Converters (VSC) Production Growth Rate (CAGR) by Region: 2020 VS 2024 VS 2031 (K Units)
 Table 11. Global Voltage Source Converters (VSC) Production by Region (2020-2025) & (K Units)
 Table 12. Global Voltage Source Converters (VSC) Production by Region (2026-2031) & (K Units)
 Table 13. Global Voltage Source Converters (VSC) Sales by Manufacturers (2020-2025) & (K Units)
 Table 14. Global Voltage Source Converters (VSC) Sales Share by Manufacturers (2020-2025)
 Table 15. Global Voltage Source Converters (VSC) Revenue by Manufacturers (2020-2025) & (US$ Million)
 Table 16. Global Voltage Source Converters (VSC) Revenue Market Share by Manufacturers (2020-2025)
 Table 17. Global Key Manufacturers’Ranking Shift (2023 vs. 2024) (Based on Revenue)
 Table 18. Global Voltage Source Converters (VSC) by Manufacturer Tier (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Voltage Source Converters (VSC) as of 2024)
 Table 19. Global Voltage Source Converters (VSC) Average Gross Margin (%) by Manufacturer (2020 VS 2024)
 Table 20. Global Voltage Source Converters (VSC) Average Selling Price (ASP) by Manufacturers (2020-2025) & (US$/Unit)
 Table 21. Key Manufacturers Voltage Source Converters (VSC) Manufacturing Base and Headquarters
 Table 22. Global Voltage Source Converters (VSC) Market Concentration Ratio (CR5 and HHI)
 Table 23. Key Market Entrant/Exit (2020-2024) – Drivers & Impact Analysis
 Table 24. Key Mergers & Acquisitions, Expansion Plans, R&D Investment
 Table 25. Global Voltage Source Converters (VSC) Sales by Type (2020-2025) & (K Units)
 Table 26. Global Voltage Source Converters (VSC) Sales by Type (2026-2031) & (K Units)
 Table 27. Global Voltage Source Converters (VSC) Revenue by Type (2020-2025) & (US$ Million)
 Table 28. Global Voltage Source Converters (VSC) Revenue by Type (2026-2031) & (US$ Million)
 Table 29. Global Voltage Source Converters (VSC) ASP by Type (2020-2031) & (US$/Unit)
 Table 30. Technical Specifications by Key Product Type
 Table 31. Global Voltage Source Converters (VSC) Sales by Application (2020-2025) & (K Units)
 Table 32. Global Voltage Source Converters (VSC) Sales by Application (2026-2031) & (K Units)
 Table 33. Voltage Source Converters (VSC) High-Growth Sectors Demand CAGR (2024-2031)
 Table 34. Global Voltage Source Converters (VSC) Revenue by Application (2020-2025) & (US$ Million)
 Table 35. Global Voltage Source Converters (VSC) Revenue by Application (2026-2031) & (US$ Million)
 Table 36. Global Voltage Source Converters (VSC) ASP by Application (2020-2031) & (US$/Unit)
 Table 37. Top Customers by Region
 Table 38. Top Customers by Application
 Table 39. North America Voltage Source Converters (VSC) Growth Accelerators and Market Barriers
 Table 40. North America Voltage Source Converters (VSC) Revenue Grow Rate (CAGR) by Country (2020 VS 2024 VS 2031) (US$ Million)
 Table 41. North America Voltage Source Converters (VSC) Sales (K Units) by Country (2020 VS 2024 VS 2031)
 Table 42. Europe Voltage Source Converters (VSC) Growth Accelerators and Market Barriers
 Table 43. Europe Voltage Source Converters (VSC) Revenue Grow Rate (CAGR) by Country: 2020 VS 2024 VS 2031 (US$ Million)
 Table 44. Europe Voltage Source Converters (VSC) Sales (K Units) by Country (2020 VS 2024 VS 2031)
 Table 45. Asia-Pacific Voltage Source Converters (VSC) Revenue Grow Rate (CAGR) by Region: 2020 VS 2024 VS 2031 (US$ Million)
 Table 46. Asia-Pacific Voltage Source Converters (VSC) Sales (K Units) by Country (2020 VS 2024 VS 2031)
 Table 47. Asia-Pacific Voltage Source Converters (VSC) Growth Accelerators and Market Barriers
 Table 48. Southeast Asia Voltage Source Converters (VSC) Revenue Grow Rate (CAGR) by Region: 2020 VS 2024 VS 2031 (US$ Million)
 Table 49. Central and South America Voltage Source Converters (VSC) Investment Opportunities and Key Challenges
 Table 50. Central and South America Voltage Source Converters (VSC) Revenue Grow Rate (CAGR) by Country (2020 VS 2024 VS 2031) (US$ Million)
 Table 51. Middle East and Africa Voltage Source Converters (VSC) Investment Opportunities and Key Challenges
 Table 52. Middle East and Africa Voltage Source Converters (VSC) Revenue Grow Rate (CAGR) by Country (2020 VS 2024 VS 2031) (US$ Million)
 Table 53. ABB Corporation Information
 Table 54. ABB Description and Major Businesses
 Table 55. ABB Product Models, Descriptions and Specifications
 Table 56. ABB Capacity, Sales (K Units), Revenue (US$ Million), Price (US$/Unit) and Gross Margin (2020-2025)
 Table 57. ABB Sales Value Proportion by Product in 2024
 Table 58. ABB Sales Value Proportion by Application in 2024
 Table 59. ABB Sales Value Proportion by Geographic Area in 2024
 Table 60. ABB Voltage Source Converters (VSC) SWOT Analysis
 Table 61. ABB Recent Developments
 Table 62. Siemens Corporation Information
 Table 63. Siemens Description and Major Businesses
 Table 64. Siemens Product Models, Descriptions and Specifications
 Table 65. Siemens Capacity, Sales (K Units), Revenue (US$ Million), Price (US$/Unit) and Gross Margin (2020-2025)
 Table 66. Siemens Sales Value Proportion by Product in 2024
 Table 67. Siemens Sales Value Proportion by Application in 2024
 Table 68. Siemens Sales Value Proportion by Geographic Area in 2024
 Table 69. Siemens Voltage Source Converters (VSC) SWOT Analysis
 Table 70. Siemens Recent Developments
 Table 71. GE Corporation Information
 Table 72. GE Description and Major Businesses
 Table 73. GE Product Models, Descriptions and Specifications
 Table 74. GE Capacity, Sales (K Units), Revenue (US$ Million), Price (US$/Unit) and Gross Margin (2020-2025)
 Table 75. GE Sales Value Proportion by Product in 2024
 Table 76. GE Sales Value Proportion by Application in 2024
 Table 77. GE Sales Value Proportion by Geographic Area in 2024
 Table 78. GE Voltage Source Converters (VSC) SWOT Analysis
 Table 79. GE Recent Developments
 Table 80. Prysmian Power Link Corporation Information
 Table 81. Prysmian Power Link Description and Major Businesses
 Table 82. Prysmian Power Link Product Models, Descriptions and Specifications
 Table 83. Prysmian Power Link Capacity, Sales (K Units), Revenue (US$ Million), Price (US$/Unit) and Gross Margin (2020-2025)
 Table 84. Prysmian Power Link Sales Value Proportion by Product in 2024
 Table 85. Prysmian Power Link Sales Value Proportion by Application in 2024
 Table 86. Prysmian Power Link Sales Value Proportion by Geographic Area in 2024
 Table 87. Prysmian Power Link Voltage Source Converters (VSC) SWOT Analysis
 Table 88. Prysmian Power Link Recent Developments
 Table 89. Nexans Corporation Information
 Table 90. Nexans Description and Major Businesses
 Table 91. Nexans Product Models, Descriptions and Specifications
 Table 92. Nexans Capacity, Sales (K Units), Revenue (US$ Million), Price (US$/Unit) and Gross Margin (2020-2025)
 Table 93. Nexans Sales Value Proportion by Product in 2024
 Table 94. Nexans Sales Value Proportion by Application in 2024
 Table 95. Nexans Sales Value Proportion by Geographic Area in 2024
 Table 96. Nexans Voltage Source Converters (VSC) SWOT Analysis
 Table 97. Nexans Recent Developments
 Table 98. NKT Corporation Information
 Table 99. NKT Description and Major Businesses
 Table 100. NKT Product Models, Descriptions and Specifications
 Table 101. NKT Capacity, Sales (K Units), Revenue (US$ Million), Price (US$/Unit) and Gross Margin (2020-2025)
 Table 102. NKT Recent Developments
 Table 103. Key Raw Materials Distribution
 Table 104. Raw Materials Key Suppliers
 Table 105. Critical Raw Material Supplier Concentration (2024) & Risk Index
 Table 106. Milestones in Production Technology Evolution
 Table 107. Distributors List
 Table 108. Market Trends and Market Evolution
 Table 109. Market Drivers and Opportunities
 Table 110. Market Challenges, Risks, and Restraints
 Table 111. Research Programs/Design for This Report
 Table 112. Key Data Information from Secondary Sources
 Table 113. Key Data Information from Primary Sources


List of Figures
 Figure 1. Voltage Source Converters (VSC) Product Picture
 Figure 2. Global Voltage Source Converters (VSC) Market Size Growth Rate by Type, 2020 VS 2024 VS 2031 (US$ Million)
 Figure 3. High Voltage Electrical Converter Product Picture
 Figure 4. Low Voltage Electrical Converter Product Picture
 Figure 5. Global Voltage Source Converters (VSC) Market Size Growth Rate by Application, 2020 VS 2024 VS 2031 (US$ Million)
 Figure 6. Onshore Power Generation Equipment
 Figure 7. Offshore Power Generation Equipment
 Figure 8. Voltage Source Converters (VSC) Report Years Considered
 Figure 9. Global Voltage Source Converters (VSC) Revenue, (US$ Million), 2020 VS 2024 VS 2031
 Figure 10. Global Voltage Source Converters (VSC) Revenue (2020-2031) & (US$ Million)
 Figure 11. Global Voltage Source Converters (VSC) Revenue (CAGR) by Region: 2020 VS 2024 VS 2031 (US$ Million)
 Figure 12. Global Voltage Source Converters (VSC) Revenue Market Share by Region (2020-2031)
 Figure 13. Global Voltage Source Converters (VSC) Sales (2020-2031) & (K Units)
 Figure 14. Global Voltage Source Converters (VSC) Sales (CAGR) by Region (2020-2031) (K Units)
 Figure 15. Global Voltage Source Converters (VSC) Sales Market Share by Region (2020-2031)
 Figure 16. Global Voltage Source Converters (VSC) Capacity, Production and Utilization (2020-2031) & (K Units)
 Figure 17. Global Voltage Source Converters (VSC) Production Trend by Region (2020-2031) (K Units)
 Figure 18. Global Voltage Source Converters (VSC) Production Market Share by Region (2020-2031)
 Figure 19. Production Capacity Enablers & Constraints
 Figure 20. Voltage Source Converters (VSC) Production Growth Rate in North America (2020-2031) & (K Units)
 Figure 21. Voltage Source Converters (VSC) Production Growth Rate in Europe (2020-2031) & (K Units)
 Figure 22. Voltage Source Converters (VSC) Production Growth Rate in China (2020-2031) & (K Units)
 Figure 23. Voltage Source Converters (VSC) Production Growth Rate in Japan (2020-2031) & (K Units)
 Figure 24. Top 5 and Top 10 Manufacturers Voltage Source Converters (VSC) Sales Volume Market Share in 2024
 Figure 25. Global Voltage Source Converters (VSC) Revenue Market Share Ranking (2024)
 Figure 26. Tier Distribution by Revenue Contribution (2020 VS 2024)
 Figure 27. High Voltage Electrical Converter Revenue Market Share by Manufacturer in 2024
 Figure 28. Low Voltage Electrical Converter Revenue Market Share by Manufacturer in 2024
 Figure 29. Type Eight Revenue Market Share by Manufacturer in 2024
 Figure 30. Type Nine Revenue Market Share by Manufacturer in 2024
 Figure 31. Global Voltage Source Converters (VSC) Sales Market Share by Type (2020-2031)
 Figure 32. Global Voltage Source Converters (VSC) Revenue Market Share by Type (2020-2031)
 Figure 33. Global Voltage Source Converters (VSC) Sales Market Share by Application (2020-2031)
 Figure 34. Global Voltage Source Converters (VSC) Revenue Market Share by Application (2020-2031)
 Figure 35. North America Voltage Source Converters (VSC) Sales YoY (2020-2031) & (K Units)
 Figure 36. North America Voltage Source Converters (VSC) Revenue YoY (2020-2031) & (US$ Million)
 Figure 37. North America Top 5 Manufacturers Voltage Source Converters (VSC) Sales Revenue (US$ Million) in 2024
 Figure 38. North America Voltage Source Converters (VSC) Sales Volume (K Units) by Type (2020- 2031)
 Figure 39. North America Voltage Source Converters (VSC) Sales Revenue (US$ Million) by Type (2020 - 2031)
 Figure 40. North America Voltage Source Converters (VSC) Sales Volume (K Units) by Application (2020-2031)
 Figure 41. North America Voltage Source Converters (VSC) Sales Revenue (US$ Million) by Application (2020-2031)
 Figure 42. US Voltage Source Converters (VSC) Revenue (2020-2031) & (US$ Million)
 Figure 43. Canada Voltage Source Converters (VSC) Revenue (2020-2031) & (US$ Million)
 Figure 44. Mexico Voltage Source Converters (VSC) Revenue (2020-2031) & (US$ Million)
 Figure 45. Europe Voltage Source Converters (VSC) Sales YoY (2020-2031) & (K Units)
 Figure 46. Europe Voltage Source Converters (VSC) Revenue YoY (2020-2031) & (US$ Million)
 Figure 47. Europe Top 5 Manufacturers Voltage Source Converters (VSC) Sales Revenue (US$ Million) in 2024
 Figure 48. Europe Voltage Source Converters (VSC) Sales Volume (K Units) by Type (2020-2031)
 Figure 49. Europe Voltage Source Converters (VSC) Sales Revenue (US$ Million) by Type (2020-2031)
 Figure 50. Europe Voltage Source Converters (VSC) Sales Volume (K Units) by Application (2020-2031)
 Figure 51. Europe Voltage Source Converters (VSC) Sales Revenue (US$ Million) by Application (2020-2031)
 Figure 52. Germany Voltage Source Converters (VSC) Revenue (2020-2031) & (US$ Million)
 Figure 53. France Voltage Source Converters (VSC) Revenue (2020-2031) & (US$ Million)
 Figure 54. U.K. Voltage Source Converters (VSC) Revenue (2020-2031) & (US$ Million)
 Figure 55. Italy Voltage Source Converters (VSC) Revenue (2020-2031) & (US$ Million)
 Figure 56. Russia Voltage Source Converters (VSC) Revenue (2020-2031) & (US$ Million)
 Figure 57. Asia-Pacific Voltage Source Converters (VSC) Sales YoY (2020-2031) & (K Units)
 Figure 58. Asia-Pacific Voltage Source Converters (VSC) Revenue YoY (2020-2031) & (US$ Million)
 Figure 59. Asia-Pacific Top 8 Manufacturers Voltage Source Converters (VSC) Sales Revenue (US$ Million) in 2024
 Figure 60. Asia-Pacific Voltage Source Converters (VSC) Sales Volume (K Units) by Type (2020- 2031)
 Figure 61. Asia-Pacific Voltage Source Converters (VSC) Sales Revenue (US$ Million) by Type (2020- 2031)
 Figure 62. Asia-Pacific Voltage Source Converters (VSC) Sales Volume (K Units) by Application (2020-2031)
 Figure 63. Asia-Pacific Voltage Source Converters (VSC) Sales Revenue (US$ Million) by Application (2020-2031)
 Figure 64. Indonesia Voltage Source Converters (VSC) Revenue (2020-2031) & (US$ Million)
 Figure 65. Japan Voltage Source Converters (VSC) Revenue (2020-2031) & (US$ Million)
 Figure 66. South Korea Voltage Source Converters (VSC) Revenue (2020-2031) & (US$ Million)
 Figure 67. China Taiwan Voltage Source Converters (VSC) Revenue (2020-2031) & (US$ Million)
 Figure 68. India Voltage Source Converters (VSC) Revenue (2020-2031) & (US$ Million)
 Figure 69. Central and South America Voltage Source Converters (VSC) Sales YoY (2020-2031) & (K Units)
 Figure 70. Central and South America Voltage Source Converters (VSC) Revenue YoY (2020-2031) & (US$ Million)
 Figure 71. Central and South America Top 5 Manufacturers Voltage Source Converters (VSC) Sales Revenue (US$ Million) in 2024
 Figure 72. Central and South America Voltage Source Converters (VSC) Sales Volume (K Units) by Type (2021-2031)
 Figure 73. Central and South America Voltage Source Converters (VSC) Sales Revenue (US$ Million) by Type (2020-2031)
 Figure 74. Central and South America Voltage Source Converters (VSC) Sales Volume (K Units) by Application (2020-2031)
 Figure 75. Central and South America Voltage Source Converters (VSC) Sales Revenue (US$ Million) by Application (2020-2031)
 Figure 76. Brazil Voltage Source Converters (VSC) Revenue (2020-2025) & (US$ Million)
 Figure 77. Argentina Voltage Source Converters (VSC) Revenue (2020-2025) & (US$ Million)
 Figure 78. Middle East, and Africa Voltage Source Converters (VSC) Sales YoY (2020-2031) & (K Units)
 Figure 79. Middle East and Africa Voltage Source Converters (VSC) Revenue YoY (2020-2031) & (US$ Million)
 Figure 80. Middle East and Africa Top 5 Manufacturers Voltage Source Converters (VSC) Sales Revenue (US$ Million) in 2024
 Figure 81. Middle East and Africa Voltage Source Converters (VSC) Sales Volume (K Units) by Type (2021-2031)
 Figure 82. South America Voltage Source Converters (VSC) Sales Revenue (US$ Million) by Type (2020-2031)
 Figure 83. Middle East and Africa Voltage Source Converters (VSC) Sales Volume (K Units) by Application (2020-2031)
 Figure 84. Middle East and Africa Voltage Source Converters (VSC) Sales Revenue (US$ Million) by Application (2020-2031)
 Figure 85. GCC Countries Voltage Source Converters (VSC) Revenue (2020-2025) & (US$ Million)
 Figure 86. Turkey Voltage Source Converters (VSC) Revenue (2020-2025) & (US$ Million)
 Figure 87. Egypt Voltage Source Converters (VSC) Revenue (2020-2025) & (US$ Million)
 Figure 88. South Africa Voltage Source Converters (VSC) Revenue (2020-2025) & (US$ Million)
 Figure 89. Voltage Source Converters (VSC) Industry Chain Mapping
 Figure 90. Regional Voltage Source Converters (VSC) Manufacturing Base Distribution (%)
 Figure 91. Voltage Source Converters (VSC) Production Process
 Figure 92. Regional Voltage Source Converters (VSC) Production Cost Structure
 Figure 93. Channels of Distribution (Direct Vs Distribution)
 Figure 94. Bottom-up and Top-down Approaches for This Report
 Figure 95. Data Triangulation
 Figure 96. Key Executives Interviewed
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