Wind power is a renewable energy source that is non-dispatchable due to its fluctuating nature. When wind blows past a turbine, the blades capture the energy and rotate. This rotation triggers an internal shaft to spin, which is connected to a gearbox increasing the speed of rotation, which is connect to a generator that ultimately produces electricity.
Wind turbines function at variable rotational speed; thus the generator electric frequency varies and needs to be decoupled from the grid frequency through a power electronic converter system. The wind turbine converter enables wind turbines to operate at variable (or adjustable) speed, and thus permits to provide more effective power capture than the fixed-speed counterparts.
The wind turbine converter is an interface found between the load/generator and the grid. Depending on the topology and the applications present in the system, power can flow into the direction of both the generator and the grid. In using converters, three important things must be considered: reliability, efficiency, and cost.
The global wind turbine converter production, which measures output worldwide, was expected to reach xx MW in 2016 with an growth rate of xx% from its year-earlier level. The global wind turbine converter market size is estimated to grow from USD xx million in 2011 to USD xx million by 2016, at an estimated CAGR of xx% between 2011 and 2016.
The global wind turbine converter market report profiles some of the key technological developments in the recent times. It also profiles some of the leading players in the market and analyzes their key strategies. The competitive landscape section of the report provides a clear insight into the market share analysis of key industry players. The major players in the global wind turbine converter market are Vestas, GE, ABB, Gamesa, Enercon, Etechwin, Ingeteam, Hopewind, Woodward, Simens, etc.
The global wind turbine converter industry is relatively fragmented, with the market share of top 10 wind turbine converter producers at xx%.