×
Request Free Sample ×

Kindly complete the form below to receive a free sample of this Report

* Please use a valid business email

Leading companies partner with us for data-driven Insights

clients tt-cursor
Hero Background

India Wind Turbine Converters Market

ID: MRFR/EnP/63996-CR
100 Pages
Garvit Vyas
December 2025

India Wind Turbine Converters Research Report By Type (Doubly-fed Converter, Full-power Converter), By Voltage (Low Voltage Wind Turbine Converter, Medium Voltage Wind Turbine Converter, High Voltage Wind Turbine Converter), By Application (Onshore Wind Turbine, Offshore Wind Turbine), By End-User (Utility-Scale Power Producers, Independent Power Producers, Industrial, Others), By Region – Forecast to 2035

Share:
Download PDF ×

We do not share your information with anyone. However, we may send you emails based on your report interest from time to time. You may contact us at any time to opt-out.

Purchase Options

India Wind Turbine Converters Market Summary

As per Market Research Future analysis, the India Wind Turbine Converters Market Size was estimated at 209.9 USD Million in 2024. The US PVC (polyvinyl chloride) Stabilizers is projected to grow from 274.8 USD Million in 2025 to 730.1 USD Million by 2035, exhibiting a compound annual growth rate (CAGR) of 10%.3% during the forecast period 2025 - 2035.

Key Market Trends & Highlights

The India Wind Turbine Converters Market is experiencing steady growth driven by the country’s accelerating renewable energy deployment and the need for highly reliable power electronics within modern wind turbine systems.

  • Rising adoption of SiC-based converters for high efficiency and compact design.
  • Advanced IGBT modules improving reliability under harsh operating conditions.
  • Enhanced predictive maintenance reduces system failures and lifecycle costs.

Market Size & Forecast

2024 Market Size 209.9 (USD Million)
2035 Market Size 730.1 (USD Million)
CAGR (2025 - 2035) 10.3%

Major Players

ABB, GE Vernova, Schneider Electric, Delta Electronics, Ingeteam, Vertiv Group Corp, Infineon Technologies, Amtech, PowerWind Limited, and Ghodawat Energy Limited.

India Wind Turbine Converters Market Trends

The India Wind Turbine Converters Market is undergoing a significant transformation, driven by rising performance requirements, stricter grid regulations, and a strong national push toward renewable energy expansion. This shift is particularly evident as the industry moves away from legacy converter architectures toward high-efficiency, environmentally compliant solutions such as SiC-based converters, modular multilevel converter (MMC) designs, and next-generation IGBT systems. Moreover, with the need for higher energy yield, reduced downtime, and improved reactive power and fault-ride-through performance becoming more pronounced, demand for innovative, thermally robust, and maintenance-friendly converter technologies continues to accelerate.

Furthermore, India’s surge in utility-scale wind projects, repowering of older farms, and expansion of hybrid wind-solar-storage systems is amplifying the role of converters in ensuring grid stability, enhancing turbine efficiency, and supporting seamless integration with the country’s modernizing power infrastructure.

Transition Toward Advanced Semiconductor Technologies (SiC & IGBT)

India’s wind turbine converter market is witnessing a rapid transition toward high-performance semiconductor technologies such as silicon carbide (SiC) and advanced IGBT modules. These components offer superior switching efficiency, reduced thermal losses, and enhanced reliability—critical for turbines operating in India’s widely varying climatic environments. Additionally, SiC-based converters, in particular, support higher power densities and smaller footprints, making them ideal for next-generation large-capacity turbines and offshore wind systems expected to emerge in the coming years. This shift is driven by the need for better grid compliance, improved energy capture, and extended asset life with lower maintenance overhead.

Growing Demand for Grid-Compliant and Flexible Converter Architectures

As India strengthens its grid codes, especially related to fault ride-through (FRT), harmonic control, and reactive power management, which makes the need for sophisticated converter systems has grown substantially. Modern converters such as full-scale converters (FSCs) and modular multilevel converters (MMCs) are increasingly preferred for their ability to deliver precise grid synchronization, voltage regulation, and disturbance handling. These technologies enable smooth integration of wind power into India’s evolving transmission network while ensuring minimal grid disruptions even during fluctuations or faults.

Increasing Adoption of Customized Stabilizer Blends for Streamlined Manufacturing

Digitalization is becoming a major trend as OEMs incorporate AI-enabled diagnostics, remote monitoring, and predictive maintenance capabilities into converter systems. These technologies help operators detect early degradation in power electronics, optimize performance, and reduce costly downtimes. Real-time feedback loops between converters, turbine controllers, and grid systems are improving overall efficiency and enabling seamless asset management across geographically distributed wind farms.

India Wind Turbine Converters Market Drivers

Technological Advancements in Power Conversion

Rapid innovation in power electronics is reshaping the wind turbine converter landscape in India. The adoption of next-generation semiconductor technologies such as IGBT and silicon carbide (SiC) devices is enabling converters to deliver higher switching efficiency, reduced thermal stress, and superior performance under demanding environmental conditions. Advanced architectures like full-scale converters and modular multilevel converters (MMCs) are gaining prominence due to their improved control flexibility, scalability, and ability to support high-capacity turbines. These technological advancements not only enhance the reliability and lifespan of wind assets but also ensure compliance with evolving performance and safety standards, reinforcing the market’s shift toward more intelligent and efficient conversion systems.

Increasing Need for Energy Efficiency and Management

The growing emphasis on maximizing wind farm productivity and reducing operational losses is significantly driving the demand for advanced wind turbine converters in India. As developers push for higher energy yield, converters are playing a critical role in optimizing power flow, minimizing conversion losses, and enhancing overall turbine efficiency. Modern converter systems enable real-time power management, improved load control, and better handling of fluctuating wind conditions—capabilities that are essential for maintaining performance consistency across India’s diverse wind profiles. This focus on energy efficiency becomes even more important as the industry moves toward larger turbine ratings and hybrid renewable plants, where precise power management is vital for grid stability and project bankability.

Strengthening Grid Regulations and Compliance Requirements

India’s tightening grid regulations are emerging as a major driver for converter demand, particularly as the country integrates increasing volumes of intermittent wind power into the national grid. Regulatory bodies now mandate advanced grid-support functionalities such as fault-ride-through (FRT), reactive power management, voltage stabilization, and harmonic distortion control. These requirements make sophisticated converter systems indispensable for ensuring seamless grid integration and stability. As wind developers and OEMs work to align with the Central Electricity Authority’s (CEA) updated grid codes, the market is witnessing accelerated adoption of high-performance converters capable of delivering rapid response, precise control, and robust compliance.

Market Segment Insights

India Wind Turbine Converters Market Segment Insights, By Type

Doubly-fed Converter

India’s wind turbine converter market is dominated by the Doubly-Fed Induction Generator (DFIG) system due to its cost-effectiveness, operational reliability, and compatibility with existing grid infrastructure. Major domestic and international OEMs such as Siemens Gamesa and Vestas widely adopt DFIGs because they require less cooling, use fewer rare-earth minerals, and support local sourcing. However, growing renewable penetration has increased the need for enhanced grid compliance, driving the integration of advanced DFIG control systems with LVRT/FRT capabilities, improved reactive power support, and tighter voltage and frequency regulation to meet evolving CEA and PGCIL grid codes. The market is also being shaped by rapid digitalization, with smart converter units offering remote monitoring, predictive maintenance, and modular, scalable designs, which are features that are becoming essential as wind farms expand into remote and grid-challenged regions across India.

Full-power Converter 

India’s wind turbine converter market is seeing growing adoption of Full-Power Converter (FPC) systems as the country moves toward offshore wind, hybrid projects, and high-capacity turbines. Unlike DFIG systems, FPCs process 100% of turbine output, offering complete electrical decoupling and superior control over power quality, frequency, and voltage capabilities essential for maintaining stability in India’s increasingly complex and renewable-heavy grid. Their advanced features, including full active/reactive power control, HVRT/LVRT support, and strong fault tolerance, make FPCs highly suited for future offshore developments and 4–8 MW turbine platforms. Despite, the higher costs and system complexity remain key challenges, ongoing localization of power electronics manufacturing under Make in India and PLI schemes is narrowing the cost gap, positioning FPC technology as a critical enabler of India’s next-generation wind and hybrid renewable infrastructure.

 

India Wind Turbine Converters Market Segment Insights, By Voltage

Low Voltage Wind Turbine Converter

In India’s onshore wind market, Low Voltage (LV) converters play a critical role in 1–3 MW turbines, operating below 1 kV and widely used in DFIG and partial converter systems due to their affordability, compact design, and compatibility with India's distribution-level grid. Their reliability and suitability for regions with moderate grid strength, such as Tamil Nadu, Gujarat, and Karnataka, further support their widespread adoption. However, LV converters face limitations in scalability beyond 3 MW, experience higher current-related losses over long distances, and must now incorporate more advanced functions like FRT, reactive power support, and harmonic filtering to meet increasingly stringent CEA grid codes.

Medium Voltage Wind Turbine Converter

Medium Voltage (MV) wind turbine converters are becoming an essential technology in India’s evolving wind sector, particularly for 3–6 MW turbines used in modern onshore and hybrid wind-solar projects. Operating in the 1 kV to 33 kV range, MV converters offer higher power-handling capability, reduced current losses, and improved overall efficiency—advantages that are increasingly valuable for large wind farms in regions like Gujarat and Rajasthan where longer transmission distances are common. MV converters also align with national initiatives such as the Green Energy Corridor and NIP by enhancing grid compatibility through reactive power support, grid fault management, and power factor correction. With integrated digital capabilities, remote diagnostics, predictive maintenance, and real-time monitoring of medium voltage converters are enabling smarter, more reliable, and more efficient wind farm operations across India.

High Voltage Wind Turbine Converter

High Voltage (HV) wind turbine converters represent the most advanced technology segment in India’s wind sector, designed for 6–15 MW turbines used in large onshore, hybrid, and especially offshore projects that require efficient long-distance power transmission and strong grid stability. Operating above 33 kV, these converters are primarily integrated into Full-Power Converter (FPC) systems which provide complete control over power quality, frequency, and grid synchronization, making them essential for India’s upcoming offshore wind developments in Gujarat and Tamil Nadu. HV converters deliver high fault tolerance, dynamic grid support, and minimal transmission losses, supported by sophisticated liquid cooling systems and advanced semiconductor technologies such as IGBTs and SiC-based modules.

India Wind Turbine Converters Market Segment Insights, By Application

Onshore Wind Turbine

India’s onshore wind turbine converter segment is forming the backbone of the country’s wind power capacity which primarily relies on low- and medium-voltage converter systems optimized for inland grid conditions across key wind states such as Tamil Nadu, Gujarat, Karnataka, Maharashtra, and Rajasthan. Historically dominated by DFIG-based partial-scale converters that manage 25–30% of power flow, the segment benefits from their cost-effectiveness and suitability for the widely deployed 1.5–3 MW turbine class. However, as turbine capacities increase and renewable penetration deepens, there is a growing shift toward full-power converter (FPC) systems that offer superior power quality, grid compliance, and fault tolerance.

Offshore Wind Turbine 

India’s offshore wind turbine converter market, though still in its early stages with no commercial projects operational as of 2025, is emerging as a strategically critical segment under the National Offshore Wind Energy Policy. Offshore turbines in the 6–15 MW range require robust, high-voltage full-power converter (FPC) systems capable of delivering complete electrical decoupling, superior grid compliance, and reliable performance under harsh marine conditions such as high winds, salt corrosion, and remote access challenges. Furthermore, global OEMs are collaborating with NIWE and BHEL to customize converter designs for the offshore environments of Gujarat and Tamil Nadu, focusing on modular architectures, liquid-cooled SiC-based modules, and redundant control systems.

India Wind Turbine Converters Market Segment Insights, By End-User

Utility-Scale Power Producers

The Utility-Scale Power Producer segment represents the largest and most influential consumer base in India’s wind turbine converter market, comprising state utilities, CPSUs, and major private energy firms that collectively account for over 70% of the country’s installed wind capacity. These developers rely heavily on high-performance converter systems, which primarily full-power converters (FPCs) and medium- to high-voltage architectures help to ensure efficient grid integration, maintain power quality, support reactive power and frequency regulation, and meet stringent CEA grid code requirements. For large wind farms in remote regions such as Gujarat’s Kutch district and southern Tamil Nadu, converters must also enable long-distance, low-loss power transmission, often through HVDC or hybrid AC/DC networks.

Independent Power Producers

The Independent Power Producers (IPPs) segment is one of the fastest-growing areas of India’s wind turbine converter market, driven by privately owned companies such as ReNew Power, Hero Future Energies, Ayana Renewable Power, and Mytrah Energy that develop 25–150 MW wind projects for grid sales under PPAs or direct commercial supply. Moreover, IPPs rely on medium-voltage converter systems are using DFIG or full-power converter technologies are likely to ensure reliable grid synchronization, low harmonic distortion, and strong reactive power performance while maintaining cost competitiveness and operational flexibility. Additionally, as hybrid and storage-linked projects expand, IPPs are increasingly adopting digitally enabled converter platforms with bidirectional power flow capabilities to facilitate seamless integration between wind, solar, and battery systems.

Industrial

India’s industrial segment for wind turbine converters comprises corporations and manufacturing industries invest in captive or group-captive wind projects to reduce electricity costs and meet sustainability goals. These projects, typically in the 1–10 MW range, use low- and medium-voltage converter systems that ensure stable power generation suited to industrial load profiles while managing voltage fluctuations, frequent load changes, and reactive power requirements. Policy support through the Open Access framework and the 2022 Green Energy Open Access Rules has accelerated industrial wind adoption, increasing demand for compact, efficient converters compatible with hybrid setups that combine wind, solar, and storage.

Others

The “Others” segment of India’s wind turbine converter market includes community wind projects, institutional renewable initiatives, distributed wind systems, and research-driven installations, contributing a small but important share to energy access, rural electrification, and technology development. Furthermore, this segment also serves as a testing platform for advanced technologies which includes SiC-based converters, modular multilevel converter (MMC) architectures, and AI-enabled control systems which are driving innovation that ultimately supports broader commercial adoption across India’s wind sector.

Get more detailed insights about India Wind Turbine Converters Market

Regional Insights

India Wind Turbine Converters Market Regional Segment Insights

North India

North India which includes Rajasthan, Madhya Pradesh, Punjab, Haryana, and Uttar Pradesh and has become a significant contributor to India’s wind energy sector, with Rajasthan alone accounting for about 11.8% of national wind capacity due to its vast windy landscapes and favorable resource potential. The region’s wind farms predominantly use medium-voltage converters in 1.5–3 MW turbines to ensure efficient grid integration and low transmission losses, while high-voltage full-power converters are gaining traction in large projects above 50 MW to meet stringent CEA grid compliance requirements, including reactive power support and fault ride-through performance.

South India

South India consists of Tamil Nadu, Karnataka, Andhra Pradesh, Telangana, and Kerala, has historically been the leading region for wind energy in India, with Tamil Nadu alone contributing 23.3% of national wind capacity due to its strong coastal wind resources. This region features a diverse technological landscape: while smaller turbines use low-voltage converters, medium- and high-voltage systems are increasingly adopted in larger turbines and wind-solar-storage hybrid projects, requiring advanced converters capable of bidirectional power flow and seamless energy dispatch. Karnataka and Andhra Pradesh continue to expand their substantial wind portfolios through supportive state policies that attract large-scale investments and promote job creation.

West India

West India, which encompassing Gujarat, Maharashtra, and parts of Rajasthan, has emerged as a technologically advanced hub for India’s wind energy sector, driven by the widespread adoption of medium- and high-voltage converters in large-scale and hybrid wind projects. This region prioritizes innovation through the deployment of smart, digitally enabled converters that support real-time monitoring and predictive maintenance, enhancing system reliability and efficiency in alignment with India’s 2030 renewable energy goals. Gujarat leads the country in installed wind capacity, bolstered by proactive policies, dedicated wind parks, and strong investor interest, while Maharashtra continues to expand its wind portfolio due to favorable wind conditions and proximity to major industrial centers supported by supportive state policies.

East India

The wind energy market in East India covers Odisha, West Bengal, Bihar, and Jharkhand is gradually expanding, with Odisha leading efforts by identifying promising wind resource zones to boost future capacity. While the region is still in the early stages of development, initial projects primarily use low-voltage converters suited for small turbines, though a shift toward medium-voltage converters is emerging as larger installations and improved grid integration become priorities. Moreover, East India is strengthening policy frameworks and transmission infrastructure, including Green Energy Corridors, to support this growth.

Key Players and Competitive Insights

The India Wind Turbine Converters Market has emerged as a technologically advanced and strategically critical segment within the nation’s renewable energy ecosystem, driven by a concentrated group of global OEMs, specialized power electronics manufacturers, domestic engineering firms, and system integrators with deep expertise in grid compliance, turbine integration, and high-performance converter design. Market dynamics are defined by accelerating competition among leading players who differentiate through innovations in semiconductor technology, advanced control algorithms, modular converter architectures, and digitalized monitoring platforms—capabilities essential for supporting India’s shift toward larger turbine ratings, hybrid renewable systems, and increasingly stringent grid code requirements.

Additionally, in this rapidly evolving yet maturing sector, companies must invest heavily in R&D for next-generation converter platforms, including SiC- and GaN-based power modules, full-power converter (FPC) architectures, and high-voltage solutions tailored for the anticipated offshore wind expansion.

Industry Developments

Schneider Electric announced plans to open three new manufacturing plants in India (Kolkata, Hyderabad, Ahmednagar) to support AI, digitalization, and energy transition technologies, aligning with grid modernization that indirectly supports wind converter integration and smart energy systems.

Delta Electronics India signed a 12-year Power Purchase Agreement (PPA) to source ~9.6 million kWh of wind power annually for its Tamil Nadu facilities, reaffirming its renewable commitment; this underscores broader industry demand for reliable wind generation and associated power electronics infrastructure.

Future Outlook

India Wind Turbine Converters Market Future Outlook

India Wind Turbine Converters Market is projected to grow at 10.3% CAGR from 2024 to 2035, driven by strong demand for advanced converter systems offering improved efficiency, grid stability, and long-term reliability.

New opportunities lie in:

  • Growing grid modernization and stricter CEA regulations are driving demand for advanced, grid-compliant converter technologies.
  • Rapid shift toward hybrid renewable systems like wind-solar-storage is increasing demand for intelligent, flexible converter architectures.
  • India’s clean energy transition and offshore wind roadmap are accelerating opportunities for high-voltage, full-power converter systems.

By 2035, the India Wind Turbine Converters Market is expected to benefit substantially from the rapid expansion of high-capacity onshore clusters, wind–solar hybrid parks, and offshore wind deployment.

Market Segmentation

India Wind Turbine Converters Type Outlook (USD Million, 2019-2035)

  • Doubly-fed Converter
  • Full-power Converter

India Wind Turbine Converters Region Outlook (USD Million, 2019-2035)

  • North India
  • South India
  • West India
  • East India

India Wind Turbine Converters Voltage Outlook (USD Million, 2019-2035)

  • Low Voltage Wind Turbine Converter
  • Medium Voltage Wind Turbine Converter
  • High Voltage Wind Turbine Converter

India Wind Turbine Converters End-User Outlook (USD Million, 2019-2035)

  • Utility-Scale Power Producers
  • Independent Power Producers
  • Industrial
  • Others

India Wind Turbine Converters Application Outlook (USD Million, 2019-2035)

  • Onshore Wind Turbine
  • Offshore Wind Turbine

Report Scope

Market Size 2024

209.9 (USD Million)

Market Size 2025

274.8 (USD Million)

Market Size 2035

730.1 (USD Million)

Compound Annual Growth Rate (CAGR)

10.3% (2024 - 2035)

Report Coverage

Revenue Forecast, Competitive Landscape, Growth Factors, and Trends

BASE YEAR

2024

Market Forecast Period

2025 - 2035

Historical Data

2019 - 2024

Market Forecast Units

USD Million

Key Companies Profiled

ABB, GE Vernova, Schneider Electric, Delta Electronics, Ingeteam, Vertiv Group Corp, Infineon Technologies, Amtech, PowerWind Limited, and Ghodawat Energy Limited.

Segments Covered

By Type, By Voltage, By Application, By End-User, By Region

Key Market Opportunities

Expansion Of Smart Grid Technologies; Growth in Energy Storage Solutions.

Key Market Dynamics

Increasing Need for Energy Efficiency and Management; Technological Advancements in Power Conversion; Strengthening Grid Regulations and Compliance Requirements.

Countries Covered

India

Leave a Comment

Download Free Sample

Kindly complete the form below to receive a free sample of this Report

Compare Licence

×
Features License Type
Single User Multiuser License Enterprise User
Price $4,950 $5,950 $7,250
Maximum User Access Limit 1 User Upto 10 Users Unrestricted Access Throughout the Organization
Free Customization
Direct Access to Analyst
Deliverable Format
Platform Access
Discount on Next Purchase 10% 15% 15%
Printable Versions