Report Details:
15 Companies Covered
100 Pages
Market Research Future (MRFR) has published a cooked research report on the “India Wind Turbine Converters Market” that contains the information from 2019 to 2035.
The India Wind Turbine Converters market is estimated to register a CAGR of 10.3% during the forecast period of 2025 to 2035.
MRFR recognizes the following companies as the key players in the India Wind Turbine Converters Market —ABB, GE Vernova, Schneider Electric, Delta Electronics, Ingeteam, Vertiv Group Corp, Infineon Technologies, Amtech, PowerWind Limited, Ghodawat Energy Limited, Envision Energy, Wind World India L.T.D, Vestas and Others
India Wind Turbine Converters Market Highlights
The India Wind Turbine Converters Market is accounted for to register a CAGR of 10.3% during the forecast period and is estimated to reach USD 730.1 million by 2035.
One of the most revolutionary prospects for the Indian wind turbine converter market is the growth of smart grid technology, which lays the groundwork for increased scalability, stability, and efficiency in the integration of renewable energy sources. Smart grid implementation is becoming a key enabler that can help close the gap between irregular wind generation and dependable power delivery as India speeds up its shift to a cleaner and more resilient energy system. The national power infrastructure's use of automation, digital intelligence, and communication technologies not only improves grid responsiveness but also opens up new possibilities for sophisticated converter systems, which act as the vital route between wind turbines and the grid.
According to the government's renewable energy program, India's wind energy ecosystem is growing rapidly, with installed capacity surpassing 46 GW as of 2025 and a national goal of 140 GW of onshore and offshore wind power by 2030. However, modernizing India's transmission and distribution networks is crucial to the expansion's success. Large-scale wind energy can be seamlessly integrated into the national grid with the help of smart grids, which are distinguished by adaptive load balancing, real-time data exchange, predictive maintenance, and two-way communication. This progress, which is driven by sophisticated control features that enhance smart grid environments, translates into potential for innovation, demand growth, and increased system reliability for the wind turbine converter industry.
The capacity of smart grids to improve real-time communication between grid operators and renewable generators is one of its main benefits. The absence of real-time monitoring and control in conventional grid systems frequently causes delayed reactions to power variations, which can cause grid instability or restriction of renewable energy sources. Smart grids can continually monitor wind output, frequency, voltage, and reactive power by deploying Supervisory Control and Data Acquisition (SCADA) systems, Internet of Things (IoT) sensors, and sophisticated communication networks. Wind turbine converters can better regulate voltage, maintain grid stability in the face of fluctuating wind conditions, and dynamically modify their power output thanks to this data interchange. The ability of converters to communicate directly with grid control centers allows for adaptive power dispatch, ensuring that generation is optimized according to grid demand, thus reducing curtailment rates and increasing overall wind energy utilization.
Segment Analysis
The India Wind Turbine Converters Market has been segmented based on Type, Voltage, Application, End-User and Region
The India Wind Turbine Converters Market segmentation, based on Type has been segmented into Doubly-fed Converter, Full-power Converter. Among these, the Full-power Converter segment is projected to dominate the India Wind Turbine Converters revenue through the projected period. Based on Voltage, the India Wind Turbine Converters Market is segmented into Low Voltage Wind Turbine Converter, Medium Voltage Wind Turbine Converter, High Voltage Wind Turbine Converter. Among these, the High Voltage Wind Turbine Converter is projected to dominate the market revenue through the period. The India Wind Turbine Converters Market segmentation, based on Application has been segmented into Onshore Wind Turbine, Offshore Wind Turbine. Among these, the Onshore Wind Turbine segment is projected to dominate the India Wind Turbine Converters Market revenue through the projected period. Based on End-User, the India Wind Turbine Converters Market is segmented into Utility-Scale Power Producers, Independent Power Producers, Industrial, and Others. Among which, the Utility-Scale Power Producers is projected to dominate the market revenue through the period.
Region Analysis
By Region, the India Wind Turbine Converters Market is segmented into North India, South India, East India, West India. The South India Cast Iron market holds considerable market share and is also forecasted to hold the largest share during the forecast period. South India has a strong industrial database and widespread adoption across various sectors.
Key Findings of the Study
- The Growth is expected to reach 1 million by 2035, at a CAGR of 10.3% during the forecast period.
- South India accounted for the fastest-growing market.
- Based on Type, the Full-power Converter was attributed to holding the largest market in 2024.
- Based on Voltage, the High Voltage Wind Turbine Converter was attributed to holding the largest market in 2024.
- Based on Applications, the Onshore Wind Turbine was attributed to holding the largest market in 2024.
- Based on End-User, the Utility-Scale Power Producers was attributed to holding the largest market in 2024.
- ABB, GE Vernova, Schneider Electric, Delta Electronics, Ingeteam, Vertiv Group Corp, Infineon Technologies, Amtech, PowerWind Limited, Ghodawat Energy Limited, Envision Energy, Wind World India L.T.D, Vestas and Others are the key market players.