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Global Modular Multilevel Converters (MMC) Market Research Report 2025
Published Date: March 2025
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Report Code: QYRE-Auto-38N16103
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Global Modular Multilevel Converters MMC Market Research Report 2023
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Global Modular Multilevel Converters (MMC) Market Research Report 2025

Code: QYRE-Auto-38N16103
Report
March 2025
Pages:88
QYResearch
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DESCRIPTION
TABLE OF CONTENT
TABLES & FIGURES

Modular Multilevel Converters (MMC) Market Size

The global market for Modular Multilevel Converters (MMC) was valued at US$ 2326 million in the year 2024 and is projected to reach a revised size of US$ 3739 million by 2031, growing at a CAGR of 7.1% during the forecast period.

Modular Multilevel Converters (MMC) Market

Modular Multilevel Converters (MMC) Market

Modular Multi-Level Converter (MMC) is a power electronic device commonly used in high-voltage direct current transmission (HVDC) systems. It realizes the control and regulation of high-voltage direct current transmission lines by cascading multiple units. MMC adopts a modular structure. Each module is composed of a capacitor and several switching devices (such as thyristors or IGBTs, etc.), which can achieve multiple output voltages of different levels. This structure enables MMC to have higher voltage, current and power capacity, and can achieve higher voltage levels and lower harmonic content, thereby improving power transmission efficiency and stability.
Global key players of Modular Multilevel Converters (MMC) include Siemens Energy, Hitachi Energy, GE Vernova, NARI Technology, Toshiba, etc. The top five players hold a share about 71%. Asia-Pacific is the largest market, and has a share about 53%, followed by Europe and North America with share 25% and 17%, separately. In terms of product type, Half Bridge Type is the largest segment, accounting for a share of 87%. In terms of application, HVDC is the largest field with a share about 59 percent.
This report aims to provide a comprehensive presentation of the global market for Modular Multilevel Converters (MMC), with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Modular Multilevel Converters (MMC).
The Modular Multilevel Converters (MMC) market size, estimations, and forecasts are provided in terms of and revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. This report segments the global Modular Multilevel Converters (MMC) market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Modular Multilevel Converters (MMC) companies, new entrants, and industry chain related companies in this market with information on the revenues for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation

Scope of Modular Multilevel Converters (MMC) Market Report

Report Metric Details
Report Name Modular Multilevel Converters (MMC) Market
Accounted market size in year US$ 2326 million
Forecasted market size in 2031 US$ 3739 million
CAGR 7.1%
Base Year year
Forecasted years 2025 - 2031
Segment by Type
Segment by Application
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 Siemens Energy, Hitachi Energy, GE Vernova, NARI Technology, Toshiba, Rongxin Huiko Electric, XJ Electric, Hyosung Heavy Industries, Innomotics, XD Electric, TBEA, Sifang Automation, Mitsubishi Electric
Forecast units USD million in value
Report coverage Revenue and volume forecast, company share, competitive landscape, growth factors and trends

Chapter Outline

  • Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
  • Chapter 2: Introduces executive summary of global market size, regional market size, this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
  • Chapter 3: Detailed analysis of Modular Multilevel Converters (MMC) company competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
  • Chapter 4: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
  • Chapter 5: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
  • Chapter 6, 7, 8, 9, 10: North America, Europe, Asia Pacific, Latin America, Middle East and Africa segment by country. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.
  • Chapter 11: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
  • Chapter 12: The main points and conclusions of the report.

FAQ for this report

How fast is Modular Multilevel Converters (MMC) Market growing?

Ans: The Modular Multilevel Converters (MMC) Market witnessing a CAGR of 7.1% during the forecast period 2025-2031.

What is the Modular Multilevel Converters (MMC) Market size in 2031?

Ans: The Modular Multilevel Converters (MMC) Market size in 2031 will be US$ 3739 million.

What is the market share of major companies in Modular Multilevel Converters (MMC) Market?

Ans: The top five players hold a share about 71%.

What is the Modular Multilevel Converters (MMC) Market share by region?

Ans: Asia-Pacific is the largest market, and has a share about 53%, followed by Europe and North America with share 25% and 17%, separately.

What is the Modular Multilevel Converters (MMC) Market share by type?

Ans: In terms of product type, Half Bridge Type is the largest segment, accounting for a share of 87%.

Who are the main players in the Modular Multilevel Converters (MMC) Market report?

Ans: The main players in the Modular Multilevel Converters (MMC) Market are Siemens Energy, Hitachi Energy, GE Vernova, NARI Technology, Toshiba, Rongxin Huiko Electric, XJ Electric, Hyosung Heavy Industries, Innomotics, XD Electric, TBEA, Sifang Automation, Mitsubishi Electric

What are the Application segmentation covered in the Modular Multilevel Converters (MMC) Market report?

Ans: The Applications covered in the Modular Multilevel Converters (MMC) Market report are HVDC, FACTS, Others

What are the Type segmentation covered in the Modular Multilevel Converters (MMC) Market report?

Ans: The Types covered in the Modular Multilevel Converters (MMC) Market report are Full Bridge Type, Half Bridge Type, Others

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1 Report Overview
1.1 Study Scope
1.2 Market Analysis by Type
1.2.1 Global Modular Multilevel Converters (MMC) Market Size Growth Rate by Type: 2020 VS 2024 VS 2031
1.2.2 Full Bridge Type
1.2.3 Half Bridge Type
1.2.4 Others
1.3 Market by Application
1.3.1 Global Modular Multilevel Converters (MMC) Market Growth by Application: 2020 VS 2024 VS 2031
1.3.2 HVDC
1.3.3 FACTS
1.3.4 Others
1.4 Assumptions and Limitations
1.5 Study Objectives
1.6 Years Considered
2 Global Growth Trends
2.1 Global Modular Multilevel Converters (MMC) Market Perspective (2020-2031)
2.2 Global Modular Multilevel Converters (MMC) Growth Trends by Region
2.2.1 Global Modular Multilevel Converters (MMC) Market Size by Region: 2020 VS 2024 VS 2031
2.2.2 Modular Multilevel Converters (MMC) Historic Market Size by Region (2020-2025)
2.2.3 Modular Multilevel Converters (MMC) Forecasted Market Size by Region (2026-2031)
2.3 Modular Multilevel Converters (MMC) Market Dynamics
2.3.1 Modular Multilevel Converters (MMC) Industry Trends
2.3.2 Modular Multilevel Converters (MMC) Market Drivers
2.3.3 Modular Multilevel Converters (MMC) Market Challenges
2.3.4 Modular Multilevel Converters (MMC) Market Restraints
3 Competition Landscape by Key Players
3.1 Global Top Modular Multilevel Converters (MMC) Players by Revenue
3.1.1 Global Top Modular Multilevel Converters (MMC) Players by Revenue (2020-2025)
3.1.2 Global Modular Multilevel Converters (MMC) Revenue Market Share by Players (2020-2025)
3.2 Global Modular Multilevel Converters (MMC) Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.3 Global Key Players Ranking by Modular Multilevel Converters (MMC) Revenue
3.4 Global Modular Multilevel Converters (MMC) Market Concentration Ratio
3.4.1 Global Modular Multilevel Converters (MMC) Market Concentration Ratio (CR5 and HHI)
3.4.2 Global Top 10 and Top 5 Companies by Modular Multilevel Converters (MMC) Revenue in 2024
3.5 Global Key Players of Modular Multilevel Converters (MMC) Head office and Area Served
3.6 Global Key Players of Modular Multilevel Converters (MMC), Product and Application
3.7 Global Key Players of Modular Multilevel Converters (MMC), Date of Enter into This Industry
3.8 Mergers & Acquisitions, Expansion Plans
4 Modular Multilevel Converters (MMC) Breakdown Data by Type
4.1 Global Modular Multilevel Converters (MMC) Historic Market Size by Type (2020-2025)
4.2 Global Modular Multilevel Converters (MMC) Forecasted Market Size by Type (2026-2031)
5 Modular Multilevel Converters (MMC) Breakdown Data by Application
5.1 Global Modular Multilevel Converters (MMC) Historic Market Size by Application (2020-2025)
5.2 Global Modular Multilevel Converters (MMC) Forecasted Market Size by Application (2026-2031)
6 North America
6.1 North America Modular Multilevel Converters (MMC) Market Size (2020-2031)
6.2 North America Modular Multilevel Converters (MMC) Market Growth Rate by Country: 2020 VS 2024 VS 2031
6.3 North America Modular Multilevel Converters (MMC) Market Size by Country (2020-2025)
6.4 North America Modular Multilevel Converters (MMC) Market Size by Country (2026-2031)
6.5 United States
6.6 Canada
7 Europe
7.1 Europe Modular Multilevel Converters (MMC) Market Size (2020-2031)
7.2 Europe Modular Multilevel Converters (MMC) Market Growth Rate by Country: 2020 VS 2024 VS 2031
7.3 Europe Modular Multilevel Converters (MMC) Market Size by Country (2020-2025)
7.4 Europe Modular Multilevel Converters (MMC) Market Size by Country (2026-2031)
7.5 Germany
7.6 France
7.7 U.K.
7.8 Italy
7.9 Russia
7.10 Nordic Countries
8 Asia-Pacific
8.1 Asia-Pacific Modular Multilevel Converters (MMC) Market Size (2020-2031)
8.2 Asia-Pacific Modular Multilevel Converters (MMC) Market Growth Rate by Region: 2020 VS 2024 VS 2031
8.3 Asia-Pacific Modular Multilevel Converters (MMC) Market Size by Region (2020-2025)
8.4 Asia-Pacific Modular Multilevel Converters (MMC) Market Size by Region (2026-2031)
8.5 China
8.6 Japan
8.7 South Korea
8.8 Southeast Asia
8.9 India
8.10 Australia
9 Latin America
9.1 Latin America Modular Multilevel Converters (MMC) Market Size (2020-2031)
9.2 Latin America Modular Multilevel Converters (MMC) Market Growth Rate by Country: 2020 VS 2024 VS 2031
9.3 Latin America Modular Multilevel Converters (MMC) Market Size by Country (2020-2025)
9.4 Latin America Modular Multilevel Converters (MMC) Market Size by Country (2026-2031)
9.5 Mexico
9.6 Brazil
10 Middle East & Africa
10.1 Middle East & Africa Modular Multilevel Converters (MMC) Market Size (2020-2031)
10.2 Middle East & Africa Modular Multilevel Converters (MMC) Market Growth Rate by Country: 2020 VS 2024 VS 2031
10.3 Middle East & Africa Modular Multilevel Converters (MMC) Market Size by Country (2020-2025)
10.4 Middle East & Africa Modular Multilevel Converters (MMC) Market Size by Country (2026-2031)
10.5 Turkey
10.6 Saudi Arabia
10.7 UAE
11 Key Players Profiles
11.1 Siemens Energy
11.1.1 Siemens Energy Company Details
11.1.2 Siemens Energy Business Overview
11.1.3 Siemens Energy Modular Multilevel Converters (MMC) Introduction
11.1.4 Siemens Energy Revenue in Modular Multilevel Converters (MMC) Business (2020-2025)
11.1.5 Siemens Energy Recent Development
11.2 Hitachi Energy
11.2.1 Hitachi Energy Company Details
11.2.2 Hitachi Energy Business Overview
11.2.3 Hitachi Energy Modular Multilevel Converters (MMC) Introduction
11.2.4 Hitachi Energy Revenue in Modular Multilevel Converters (MMC) Business (2020-2025)
11.2.5 Hitachi Energy Recent Development
11.3 GE Vernova
11.3.1 GE Vernova Company Details
11.3.2 GE Vernova Business Overview
11.3.3 GE Vernova Modular Multilevel Converters (MMC) Introduction
11.3.4 GE Vernova Revenue in Modular Multilevel Converters (MMC) Business (2020-2025)
11.3.5 GE Vernova Recent Development
11.4 NARI Technology
11.4.1 NARI Technology Company Details
11.4.2 NARI Technology Business Overview
11.4.3 NARI Technology Modular Multilevel Converters (MMC) Introduction
11.4.4 NARI Technology Revenue in Modular Multilevel Converters (MMC) Business (2020-2025)
11.4.5 NARI Technology Recent Development
11.5 Toshiba
11.5.1 Toshiba Company Details
11.5.2 Toshiba Business Overview
11.5.3 Toshiba Modular Multilevel Converters (MMC) Introduction
11.5.4 Toshiba Revenue in Modular Multilevel Converters (MMC) Business (2020-2025)
11.5.5 Toshiba Recent Development
11.6 Rongxin Huiko Electric
11.6.1 Rongxin Huiko Electric Company Details
11.6.2 Rongxin Huiko Electric Business Overview
11.6.3 Rongxin Huiko Electric Modular Multilevel Converters (MMC) Introduction
11.6.4 Rongxin Huiko Electric Revenue in Modular Multilevel Converters (MMC) Business (2020-2025)
11.6.5 Rongxin Huiko Electric Recent Development
11.7 XJ Electric
11.7.1 XJ Electric Company Details
11.7.2 XJ Electric Business Overview
11.7.3 XJ Electric Modular Multilevel Converters (MMC) Introduction
11.7.4 XJ Electric Revenue in Modular Multilevel Converters (MMC) Business (2020-2025)
11.7.5 XJ Electric Recent Development
11.8 Hyosung Heavy Industries
11.8.1 Hyosung Heavy Industries Company Details
11.8.2 Hyosung Heavy Industries Business Overview
11.8.3 Hyosung Heavy Industries Modular Multilevel Converters (MMC) Introduction
11.8.4 Hyosung Heavy Industries Revenue in Modular Multilevel Converters (MMC) Business (2020-2025)
11.8.5 Hyosung Heavy Industries Recent Development
11.9 Innomotics
11.9.1 Innomotics Company Details
11.9.2 Innomotics Business Overview
11.9.3 Innomotics Modular Multilevel Converters (MMC) Introduction
11.9.4 Innomotics Revenue in Modular Multilevel Converters (MMC) Business (2020-2025)
11.9.5 Innomotics Recent Development
11.10 XD Electric
11.10.1 XD Electric Company Details
11.10.2 XD Electric Business Overview
11.10.3 XD Electric Modular Multilevel Converters (MMC) Introduction
11.10.4 XD Electric Revenue in Modular Multilevel Converters (MMC) Business (2020-2025)
11.10.5 XD Electric Recent Development
11.11 TBEA
11.11.1 TBEA Company Details
11.11.2 TBEA Business Overview
11.11.3 TBEA Modular Multilevel Converters (MMC) Introduction
11.11.4 TBEA Revenue in Modular Multilevel Converters (MMC) Business (2020-2025)
11.11.5 TBEA Recent Development
11.12 Sifang Automation
11.12.1 Sifang Automation Company Details
11.12.2 Sifang Automation Business Overview
11.12.3 Sifang Automation Modular Multilevel Converters (MMC) Introduction
11.12.4 Sifang Automation Revenue in Modular Multilevel Converters (MMC) Business (2020-2025)
11.12.5 Sifang Automation Recent Development
11.13 Mitsubishi Electric
11.13.1 Mitsubishi Electric Company Details
11.13.2 Mitsubishi Electric Business Overview
11.13.3 Mitsubishi Electric Modular Multilevel Converters (MMC) Introduction
11.13.4 Mitsubishi Electric Revenue in Modular Multilevel Converters (MMC) Business (2020-2025)
11.13.5 Mitsubishi Electric Recent Development
12 Analyst's Viewpoints/Conclusions
13 Appendix
13.1 Research Methodology
13.1.1 Methodology/Research Approach
13.1.1.1 Research Programs/Design
13.1.1.2 Market Size Estimation
13.1.1.3 Market Breakdown and Data Triangulation
13.1.2 Data Source
13.1.2.1 Secondary Sources
13.1.2.2 Primary Sources
13.2 Author Details
13.3 Disclaimer
List of Tables
 Table 1. Global Modular Multilevel Converters (MMC) Market Size Growth Rate by Type (US$ Million): 2020 VS 2024 VS 2031
 Table 2. Key Players of Full Bridge Type
 Table 3. Key Players of Half Bridge Type
 Table 4. Key Players of Others
 Table 5. Global Modular Multilevel Converters (MMC) Market Size Growth by Application (US$ Million): 2020 VS 2024 VS 2031
 Table 6. Global Modular Multilevel Converters (MMC) Market Size by Region (US$ Million): 2020 VS 2024 VS 2031
 Table 7. Global Modular Multilevel Converters (MMC) Market Size by Region (2020-2025) & (US$ Million)
 Table 8. Global Modular Multilevel Converters (MMC) Market Share by Region (2020-2025)
 Table 9. Global Modular Multilevel Converters (MMC) Forecasted Market Size by Region (2026-2031) & (US$ Million)
 Table 10. Global Modular Multilevel Converters (MMC) Market Share by Region (2026-2031)
 Table 11. Modular Multilevel Converters (MMC) Market Trends
 Table 12. Modular Multilevel Converters (MMC) Market Drivers
 Table 13. Modular Multilevel Converters (MMC) Market Challenges
 Table 14. Modular Multilevel Converters (MMC) Market Restraints
 Table 15. Global Modular Multilevel Converters (MMC) Revenue by Players (2020-2025) & (US$ Million)
 Table 16. Global Modular Multilevel Converters (MMC) Market Share by Players (2020-2025)
 Table 17. Global Top Modular Multilevel Converters (MMC) Players by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Modular Multilevel Converters (MMC) as of 2024)
 Table 18. Ranking of Global Top Modular Multilevel Converters (MMC) Companies by Revenue (US$ Million) in 2024
 Table 19. Global 5 Largest Players Market Share by Modular Multilevel Converters (MMC) Revenue (CR5 and HHI) & (2020-2025)
 Table 20. Global Key Players of Modular Multilevel Converters (MMC), Headquarters and Area Served
 Table 21. Global Key Players of Modular Multilevel Converters (MMC), Product and Application
 Table 22. Global Key Players of Modular Multilevel Converters (MMC), Date of Enter into This Industry
 Table 23. Mergers & Acquisitions, Expansion Plans
 Table 24. Global Modular Multilevel Converters (MMC) Market Size by Type (2020-2025) & (US$ Million)
 Table 25. Global Modular Multilevel Converters (MMC) Revenue Market Share by Type (2020-2025)
 Table 26. Global Modular Multilevel Converters (MMC) Forecasted Market Size by Type (2026-2031) & (US$ Million)
 Table 27. Global Modular Multilevel Converters (MMC) Revenue Market Share by Type (2026-2031)
 Table 28. Global Modular Multilevel Converters (MMC) Market Size by Application (2020-2025) & (US$ Million)
 Table 29. Global Modular Multilevel Converters (MMC) Revenue Market Share by Application (2020-2025)
 Table 30. Global Modular Multilevel Converters (MMC) Forecasted Market Size by Application (2026-2031) & (US$ Million)
 Table 31. Global Modular Multilevel Converters (MMC) Revenue Market Share by Application (2026-2031)
 Table 32. North America Modular Multilevel Converters (MMC) Market Size Growth Rate by Country (US$ Million): 2020 VS 2024 VS 2031
 Table 33. North America Modular Multilevel Converters (MMC) Market Size by Country (2020-2025) & (US$ Million)
 Table 34. North America Modular Multilevel Converters (MMC) Market Size by Country (2026-2031) & (US$ Million)
 Table 35. Europe Modular Multilevel Converters (MMC) Market Size Growth Rate by Country (US$ Million): 2020 VS 2024 VS 2031
 Table 36. Europe Modular Multilevel Converters (MMC) Market Size by Country (2020-2025) & (US$ Million)
 Table 37. Europe Modular Multilevel Converters (MMC) Market Size by Country (2026-2031) & (US$ Million)
 Table 38. Asia-Pacific Modular Multilevel Converters (MMC) Market Size Growth Rate by Region (US$ Million): 2020 VS 2024 VS 2031
 Table 39. Asia-Pacific Modular Multilevel Converters (MMC) Market Size by Region (2020-2025) & (US$ Million)
 Table 40. Asia-Pacific Modular Multilevel Converters (MMC) Market Size by Region (2026-2031) & (US$ Million)
 Table 41. Latin America Modular Multilevel Converters (MMC) Market Size Growth Rate by Country (US$ Million): 2020 VS 2024 VS 2031
 Table 42. Latin America Modular Multilevel Converters (MMC) Market Size by Country (2020-2025) & (US$ Million)
 Table 43. Latin America Modular Multilevel Converters (MMC) Market Size by Country (2026-2031) & (US$ Million)
 Table 44. Middle East & Africa Modular Multilevel Converters (MMC) Market Size Growth Rate by Country (US$ Million): 2020 VS 2024 VS 2031
 Table 45. Middle East & Africa Modular Multilevel Converters (MMC) Market Size by Country (2020-2025) & (US$ Million)
 Table 46. Middle East & Africa Modular Multilevel Converters (MMC) Market Size by Country (2026-2031) & (US$ Million)
 Table 47. Siemens Energy Company Details
 Table 48. Siemens Energy Business Overview
 Table 49. Siemens Energy Modular Multilevel Converters (MMC) Product
 Table 50. Siemens Energy Revenue in Modular Multilevel Converters (MMC) Business (2020-2025) & (US$ Million)
 Table 51. Siemens Energy Recent Development
 Table 52. Hitachi Energy Company Details
 Table 53. Hitachi Energy Business Overview
 Table 54. Hitachi Energy Modular Multilevel Converters (MMC) Product
 Table 55. Hitachi Energy Revenue in Modular Multilevel Converters (MMC) Business (2020-2025) & (US$ Million)
 Table 56. Hitachi Energy Recent Development
 Table 57. GE Vernova Company Details
 Table 58. GE Vernova Business Overview
 Table 59. GE Vernova Modular Multilevel Converters (MMC) Product
 Table 60. GE Vernova Revenue in Modular Multilevel Converters (MMC) Business (2020-2025) & (US$ Million)
 Table 61. GE Vernova Recent Development
 Table 62. NARI Technology Company Details
 Table 63. NARI Technology Business Overview
 Table 64. NARI Technology Modular Multilevel Converters (MMC) Product
 Table 65. NARI Technology Revenue in Modular Multilevel Converters (MMC) Business (2020-2025) & (US$ Million)
 Table 66. NARI Technology Recent Development
 Table 67. Toshiba Company Details
 Table 68. Toshiba Business Overview
 Table 69. Toshiba Modular Multilevel Converters (MMC) Product
 Table 70. Toshiba Revenue in Modular Multilevel Converters (MMC) Business (2020-2025) & (US$ Million)
 Table 71. Toshiba Recent Development
 Table 72. Rongxin Huiko Electric Company Details
 Table 73. Rongxin Huiko Electric Business Overview
 Table 74. Rongxin Huiko Electric Modular Multilevel Converters (MMC) Product
 Table 75. Rongxin Huiko Electric Revenue in Modular Multilevel Converters (MMC) Business (2020-2025) & (US$ Million)
 Table 76. Rongxin Huiko Electric Recent Development
 Table 77. XJ Electric Company Details
 Table 78. XJ Electric Business Overview
 Table 79. XJ Electric Modular Multilevel Converters (MMC) Product
 Table 80. XJ Electric Revenue in Modular Multilevel Converters (MMC) Business (2020-2025) & (US$ Million)
 Table 81. XJ Electric Recent Development
 Table 82. Hyosung Heavy Industries Company Details
 Table 83. Hyosung Heavy Industries Business Overview
 Table 84. Hyosung Heavy Industries Modular Multilevel Converters (MMC) Product
 Table 85. Hyosung Heavy Industries Revenue in Modular Multilevel Converters (MMC) Business (2020-2025) & (US$ Million)
 Table 86. Hyosung Heavy Industries Recent Development
 Table 87. Innomotics Company Details
 Table 88. Innomotics Business Overview
 Table 89. Innomotics Modular Multilevel Converters (MMC) Product
 Table 90. Innomotics Revenue in Modular Multilevel Converters (MMC) Business (2020-2025) & (US$ Million)
 Table 91. Innomotics Recent Development
 Table 92. XD Electric Company Details
 Table 93. XD Electric Business Overview
 Table 94. XD Electric Modular Multilevel Converters (MMC) Product
 Table 95. XD Electric Revenue in Modular Multilevel Converters (MMC) Business (2020-2025) & (US$ Million)
 Table 96. XD Electric Recent Development
 Table 97. TBEA Company Details
 Table 98. TBEA Business Overview
 Table 99. TBEA Modular Multilevel Converters (MMC) Product
 Table 100. TBEA Revenue in Modular Multilevel Converters (MMC) Business (2020-2025) & (US$ Million)
 Table 101. TBEA Recent Development
 Table 102. Sifang Automation Company Details
 Table 103. Sifang Automation Business Overview
 Table 104. Sifang Automation Modular Multilevel Converters (MMC) Product
 Table 105. Sifang Automation Revenue in Modular Multilevel Converters (MMC) Business (2020-2025) & (US$ Million)
 Table 106. Sifang Automation Recent Development
 Table 107. Mitsubishi Electric Company Details
 Table 108. Mitsubishi Electric Business Overview
 Table 109. Mitsubishi Electric Modular Multilevel Converters (MMC) Product
 Table 110. Mitsubishi Electric Revenue in Modular Multilevel Converters (MMC) Business (2020-2025) & (US$ Million)
 Table 111. Mitsubishi Electric Recent Development
 Table 112. Research Programs/Design for This Report
 Table 113. Key Data Information from Secondary Sources
 Table 114. Key Data Information from Primary Sources
 Table 115. Authors List of This Report


List of Figures
 Figure 1. Modular Multilevel Converters (MMC) Picture
 Figure 2. Global Modular Multilevel Converters (MMC) Market Size Comparison by Type (2020-2031) & (US$ Million)
 Figure 3. Global Modular Multilevel Converters (MMC) Market Share by Type: 2024 VS 2031
 Figure 4. Full Bridge Type Features
 Figure 5. Half Bridge Type Features
 Figure 6. Others Features
 Figure 7. Global Modular Multilevel Converters (MMC) Market Size by Application (2020-2031) & (US$ Million)
 Figure 8. Global Modular Multilevel Converters (MMC) Market Share by Application: 2024 VS 2031
 Figure 9. HVDC Case Studies
 Figure 10. FACTS Case Studies
 Figure 11. Others Case Studies
 Figure 12. Modular Multilevel Converters (MMC) Report Years Considered
 Figure 13. Global Modular Multilevel Converters (MMC) Market Size (US$ Million), Year-over-Year: 2020-2031
 Figure 14. Global Modular Multilevel Converters (MMC) Market Size, (US$ Million), 2020 VS 2024 VS 2031
 Figure 15. Global Modular Multilevel Converters (MMC) Market Share by Region: 2024 VS 2031
 Figure 16. Global Modular Multilevel Converters (MMC) Market Share by Players in 2024
 Figure 17. Global Top Modular Multilevel Converters (MMC) Players by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Modular Multilevel Converters (MMC) as of 2024)
 Figure 18. The Top 10 and 5 Players Market Share by Modular Multilevel Converters (MMC) Revenue in 2024
 Figure 19. North America Modular Multilevel Converters (MMC) Market Size YoY Growth (2020-2031) & (US$ Million)
 Figure 20. North America Modular Multilevel Converters (MMC) Market Share by Country (2020-2031)
 Figure 21. United States Modular Multilevel Converters (MMC) Market Size YoY Growth (2020-2031) & (US$ Million)
 Figure 22. Canada Modular Multilevel Converters (MMC) Market Size YoY Growth (2020-2031) & (US$ Million)
 Figure 23. Europe Modular Multilevel Converters (MMC) Market Size YoY Growth (2020-2031) & (US$ Million)
 Figure 24. Europe Modular Multilevel Converters (MMC) Market Share by Country (2020-2031)
 Figure 25. Germany Modular Multilevel Converters (MMC) Market Size YoY Growth (2020-2031) & (US$ Million)
 Figure 26. France Modular Multilevel Converters (MMC) Market Size YoY Growth (2020-2031) & (US$ Million)
 Figure 27. U.K. Modular Multilevel Converters (MMC) Market Size YoY Growth (2020-2031) & (US$ Million)
 Figure 28. Italy Modular Multilevel Converters (MMC) Market Size YoY Growth (2020-2031) & (US$ Million)
 Figure 29. Russia Modular Multilevel Converters (MMC) Market Size YoY Growth (2020-2031) & (US$ Million)
 Figure 30. Nordic Countries Modular Multilevel Converters (MMC) Market Size YoY Growth (2020-2031) & (US$ Million)
 Figure 31. Asia-Pacific Modular Multilevel Converters (MMC) Market Size YoY Growth (2020-2031) & (US$ Million)
 Figure 32. Asia-Pacific Modular Multilevel Converters (MMC) Market Share by Region (2020-2031)
 Figure 33. China Modular Multilevel Converters (MMC) Market Size YoY Growth (2020-2031) & (US$ Million)
 Figure 34. Japan Modular Multilevel Converters (MMC) Market Size YoY Growth (2020-2031) & (US$ Million)
 Figure 35. South Korea Modular Multilevel Converters (MMC) Market Size YoY Growth (2020-2031) & (US$ Million)
 Figure 36. Southeast Asia Modular Multilevel Converters (MMC) Market Size YoY Growth (2020-2031) & (US$ Million)
 Figure 37. India Modular Multilevel Converters (MMC) Market Size YoY Growth (2020-2031) & (US$ Million)
 Figure 38. Australia Modular Multilevel Converters (MMC) Market Size YoY Growth (2020-2031) & (US$ Million)
 Figure 39. Latin America Modular Multilevel Converters (MMC) Market Size YoY Growth (2020-2031) & (US$ Million)
 Figure 40. Latin America Modular Multilevel Converters (MMC) Market Share by Country (2020-2031)
 Figure 41. Mexico Modular Multilevel Converters (MMC) Market Size YoY Growth (2020-2031) & (US$ Million)
 Figure 42. Brazil Modular Multilevel Converters (MMC) Market Size YoY Growth (2020-2031) & (US$ Million)
 Figure 43. Middle East & Africa Modular Multilevel Converters (MMC) Market Size YoY Growth (2020-2031) & (US$ Million)
 Figure 44. Middle East & Africa Modular Multilevel Converters (MMC) Market Share by Country (2020-2031)
 Figure 45. Turkey Modular Multilevel Converters (MMC) Market Size YoY Growth (2020-2031) & (US$ Million)
 Figure 46. Saudi Arabia Modular Multilevel Converters (MMC) Market Size YoY Growth (2020-2031) & (US$ Million)
 Figure 47. UAE Modular Multilevel Converters (MMC) Market Size YoY Growth (2020-2031) & (US$ Million)
 Figure 48. Siemens Energy Revenue Growth Rate in Modular Multilevel Converters (MMC) Business (2020-2025)
 Figure 49. Hitachi Energy Revenue Growth Rate in Modular Multilevel Converters (MMC) Business (2020-2025)
 Figure 50. GE Vernova Revenue Growth Rate in Modular Multilevel Converters (MMC) Business (2020-2025)
 Figure 51. NARI Technology Revenue Growth Rate in Modular Multilevel Converters (MMC) Business (2020-2025)
 Figure 52. Toshiba Revenue Growth Rate in Modular Multilevel Converters (MMC) Business (2020-2025)
 Figure 53. Rongxin Huiko Electric Revenue Growth Rate in Modular Multilevel Converters (MMC) Business (2020-2025)
 Figure 54. XJ Electric Revenue Growth Rate in Modular Multilevel Converters (MMC) Business (2020-2025)
 Figure 55. Hyosung Heavy Industries Revenue Growth Rate in Modular Multilevel Converters (MMC) Business (2020-2025)
 Figure 56. Innomotics Revenue Growth Rate in Modular Multilevel Converters (MMC) Business (2020-2025)
 Figure 57. XD Electric Revenue Growth Rate in Modular Multilevel Converters (MMC) Business (2020-2025)
 Figure 58. TBEA Revenue Growth Rate in Modular Multilevel Converters (MMC) Business (2020-2025)
 Figure 59. Sifang Automation Revenue Growth Rate in Modular Multilevel Converters (MMC) Business (2020-2025)
 Figure 60. Mitsubishi Electric Revenue Growth Rate in Modular Multilevel Converters (MMC) Business (2020-2025)
 Figure 61. Bottom-up and Top-down Approaches for This Report
 Figure 62. Data Triangulation
 Figure 63. Key Executives Interviewed
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