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

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).

Free Valuable Insights: The Power Converter Market is Predict to reach USD 35 billion by 2030, at a CAGR of 7.6%

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

Chapter 2. Market at a Glance
2.1 Key Highlights

Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges

Chapter 4. Competition Analysis - Global
4.1 KBV Cardinal Matrix
4.2 Recent Industry Wide Strategic Developments
4.2.1 Partnerships, Collaborations and Agreements
4.2.2 Product Launches and Product Expansions
4.2.3 Acquisition and Mergers
4.3 Top Winning Strategies
4.3.1 Key Leading Strategies: Percentage Distribution (2019-2023)
4.3.2 Key Strategic Move: (Product Launches and Product Expansions : 2019, Feb – 2023, May) Leading Players
4.4 Porter’s Five Forces Analysis

Chapter 5. North America Power Converter Market, by Application
5.1 North America Consumer Electronics Market, by Country
5.2 North America Medical Equipment Market, by Country
5.3 North America Electric Vehicle Market, by Country
5.4 North America Renewable Energy Market, by Country
5.5 North America Others Market, by Country

Chapter 6. North America Power Converter Market, by Type
6.1 North America DC to DC Converter Market, by Country
6.2 North America AC to DC Converter Market, by Country
6.3 North America AC to AC Convertor Market, by Country
6.4 North America DC to AC Converter Market, by Country

Chapter 7. North America Power Converter Market, by End-Use Industry
7.1 North America Industrial Market, by Country
7.2 North America Commercial Market, by Country
7.3 North America Residential Market, by Country

Chapter 8. North America Power Converter Market, by Country
8.1 US Power Converter Market
8.1.1 US Power Converter Market, by Application
8.1.2 US Power Converter Market, by Type
8.1.3 US Power Converter Market, by End-Use Industry
8.2 Canada Power Converter Market
8.2.1 Canada Power Converter Market, by Application
8.2.2 Canada Power Converter Market, by Type
8.2.3 Canada Power Converter Market, by End-Use Industry
8.3 Mexico Power Converter Market
8.3.1 Mexico Power Converter Market, by Application
8.3.2 Mexico Power Converter Market, by Type
8.3.3 Mexico Power Converter Market, by End-Use Industry
8.4 Rest of North America Power Converter Market
8.4.1 Rest of North America Power Converter Market, by Application
8.4.2 Rest of North America Power Converter Market, by Type
8.4.3 Rest of North America Power Converter Market, by End-Use Industry

Chapter 9. Company Profiles
9.1 ABB Group
9.1.1 Company Overview
9.1.2 Financial Analysis
9.1.3 Segmental and Regional Analysis
9.1.4 Research & Development Expense
9.1.5 Recent strategies and developments:
9.1.5.1 Partnerships, Collaborations, and Agreements:
9.1.5.2 Product Launches and Product Expansions:
9.1.6 SWOT Analysis
9.2 General Electric Company
9.2.1 Company Overview
9.2.2 Financial Analysis
9.2.3 Segmental and Regional Analysis
9.2.4 Research & Development Expense
9.2.5 Recent strategies and developments:
9.2.5.1 Partnerships, Collaborations, and Agreements:
9.2.5.2 Acquisition and Mergers:
9.2.6 SWOT Analysis
9.3 Mitsubishi Electric Corporation
9.3.1 Company Overview
9.3.2 Financial Analysis
9.3.3 Segmental and Regional Analysis
9.3.4 Research & Development Expense
9.3.5 SWOT Analysis
9.4 Emerson Electric Co.
9.4.1 Company Overview
9.4.2 Financial Analysis
9.4.3 Segmental and Regional Analysis
9.4.4 Research & Development Expense
9.4.5 Recent strategies and developments:
9.4.5.1 Partnerships, Collaborations, and Agreements:
9.4.6 SWOT Analysis
9.5 Delta Electronics, Inc.
9.5.1 Company Overview
9.5.2 Financial Analysis
9.5.3 Research & Development Expense
9.5.4 Recent strategies and developments:
9.5.4.1 Product Launches and Product Expansions:
9.5.5 SWOT Analysis
9.6 Texas Instruments, Inc.
9.6.1 Company Overview
9.6.2 Financial Analysis
9.6.3 Segmental and Regional Analysis
9.6.4 Research & Development Expense
9.6.5 SWOT Analysis
9.7 Schneider Electric SE
9.7.1 Company Overview
9.7.2 Financial Analysis
9.7.3 Segmental and Regional Analysis
9.7.4 Research & Development Expense
9.7.5 Recent strategies and developments:
9.7.5.1 Acquisition and Mergers:
9.7.6 SWOT Analysis
9.8 Vicor Corporation
9.8.1 Company Overview
9.8.2 Financial Analysis
9.8.3 Product Line and Regional Analysis
9.8.4 Research & Development Expenses
9.8.5 Recent strategies and developments:
9.8.5.1 Product Launches and Product Expansions:
9.8.6 SWOT Analysis
9.9 Eaton Corporation PLC
9.9.1 Company Overview
9.9.2 Financial Analysis
9.9.3 Segmental and Regional Analysis
9.9.4 Research & Development Expense
9.9.5 Recent strategies and developments:
9.9.5.1 Product Launches and Product Expansions:
9.9.6 SWOT Analysis
9.10. Siemens AG
9.10.1 Company Overview
9.10.2 Financial Analysis
9.10.3 Segmental and Regional Analysis
9.10.4 Research & Development Expense
9.10.5 Recent strategies and developments:
9.10.5.1 Partnerships, Collaborations, and Agreements:
9.10.5.2 Product Launches and Product Expansions:
9.10.6 SWOT Analysis

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

List of Figures
FIG 1 Methodology for the research
FIG 2 North America Power Converter Market, 2019 - 2030, USD Million
FIG 3 Key Factors Impacting Power Converter Market
FIG 4 KBV Cardinal Matrix
FIG 5 Key Leading Strategies: Percentage Distribution (2019-2023)
FIG 6 Key Strategic Move: (Product Launches and Product Expansions : 2019, Feb – 2023, May) Leading Players
FIG 7 Porter’s Five Forces Analysis - Power Converter Market
FIG 8 North America Power Converter Market share, by Application, 2022
FIG 9 North America Power Converter Market share, by Application, 2030
FIG 10 North America Power Converter Market, by Application, 2019 - 2030, USD Million
FIG 11 North America Power Converter Market share, by Type, 2022
FIG 12 North America Power Converter Market share, by Type, 2030
FIG 13 North America Power Converter Market, by Type, 2019 - 2030, USD Million
FIG 14 North America Power Converter Market share, by End-Use Industry, 2022
FIG 15 North America Power Converter Market share, by End-Use Industry, 2030
FIG 16 North America Power Converter Market, by End-Use Industry, 2019 - 2030, USD Million
FIG 17 North America Power Converter Market share, by Country, 2022
FIG 18 North America Power Converter Market share, by Country, 2030
FIG 19 North America Power Converter Market, by Country, 2019 - 2030, USD Million
FIG 20 Recent strategies and developments: ABB Group
FIG 21 SWOT Analysis: ABB Group
FIG 22 Recent strategies and developments: General Electric Company
FIG 23 SWOT Analysis: General electric (GE) Co.
FIG 24 SWOT Analysis: Mitsubishi Electric Corporation
FIG 25 Swot Analysis: EMERSON ELECTRIC CO.
FIG 26 SWOT Analysis: Delta Electronics, Inc.
FIG 27 SWOT Analysis: Texas Instruments, Inc.
FIG 28 SWOT Analysis: Schneider Electric SE
FIG 29 SWOT Analysis: Vicor Corporation
FIG 30 SWOT Analysis: Eaton Corporation PLC
FIG 31 Recent strategies and developments: Siemens AG
FIG 32 SWOT Analysis: Siemens AG