Static converters are key electronic devices that enable power conversion and efficient utilization. In new energy applications, they connect renewable sources such as photovoltaics and wind power to the grid, addressing challenges of intermittent power generation. In industrial sectors, they provide adapted power for motor speed control and automated production lines. In energy storage and electric vehicle applications, they serve as core components enabling bidirectional energy flow and charge-discharge control.

       The global static converter core market is valued at approximately $25.72 billion. During the 2026-2033 period, it is expected to achieve a compound annual growth rate (CAGR) of 6.3%, reaching $44.57 billion by 2033.

       According to customs data, from January to December 2025, China's exports of static converters (HS Code: 85044099, static converters not elsewhere specified) reached 2.336 billion units with an export value of $11.714 billion, representing year-on-year increases of 209 million units (9.85%) and $1.346 billion (12.99%) respectively.

   By Export Destination   

       From January to December 2025, the United States was China's largest export destination for static converters, with an export value of $1.136 billion, followed by Vietnam and Saudi Arabia at $641 million and $626 million respectively.

       Breaking down by value: there were 6 markets exceeding $500 million—the United States, Vietnam, Saudi Arabia, Germany, Japan, and France—accounting for 34.2% of total export value, demonstrating strong market dominance. There were 25 markets between $100 million-$500 million, including India, South Korea, Mexico, Poland, the Philippines, and Nigeria. These markets encompass developed economies, key manufacturing nations, and emerging economies, indicating that high-end manufacturing, energy transition, and electronic consumer demand are core drivers of exports. Markets with less than $100 million in trade encompassed over 150 countries and regions. While individual country shares are small, their aggregate volume is substantial, reflecting the global penetration of static converters in infrastructure construction, industrial production, and civilian consumption.

       Notably, exports to Saudi Arabia surged 227.44% year-on-year from January to December 2025. As Saudi Arabia advances its "Vision 2030" to accelerate reducing dependence on oil and gas resources, it has become a core driver of Chinese static converter imports. In recent years, China's static converter industry has achieved continuous breakthroughs in technological iteration, production capacity, and cost control, perfectly adapting to Saudi Arabia's extreme high-temperature and dusty environments. This has formed a comprehensive competitive advantage distinct from other countries, providing the core confidence to capture the Saudi market. Meanwhile, deepening strategic energy cooperation between China and Saudi Arabia has built a convenient bridge for static converter exports, serving as an important catalyst for export growth.

       By specific country, from January to December 2025, China exported static converters to 226 countries and regions, an increase of 7 compared to the same period in 2024. Nearly 70% of markets saw positive year-on-year export growth. Among the top 20 export markets, 5 markets achieved year-on-year export growth exceeding 30%.

   By Regional Trade Analysis   

       Asia and Europe are the primary export destinations for Chinese static converters, accounting for 75.51% of total export volume. Among the six continents from January to December 2025: exports to Asia reached $5.122 billion, up 22.25% year-on-year; exports to Europe were $3.723 billion, up 14.83%; exports to Latin America were $819 million, up 13.96%; exports to Africa were $639 million, up 26.66%. Declining export regions included: North America at $1.229 billion, down 18.07% year-on-year; and Oceania at $180 million, down 14.52%.

       In 2025, Chinese static converter exports to Belt and Road Initiative (BRI) partner countries reached $8.576 billion, up 20.75% year-on-year. Dominica recorded the largest year-on-year increase at 2,403.50%, while the Federated States of Micronesia saw the largest year-on-year decrease at 95.66%.

       As the Belt and Road Initiative continues to advance, the market prospects for Chinese static converters in BRI partner countries remain broad. On one hand, economic development and infrastructure construction in partner countries will continuously create new demand. On the other hand, Chinese enterprises are continuously improving product quality and technical standards to better meet market demands and further expand market share in BRI partner countries.

       In 2025, Chinese static converter exports to RCEP countries reached $2.493 billion, up 2.36% year-on-year. Brunei recorded the largest year-on-year increase at 174.83%, while the top three countries with year-on-year declines were Australia, Singapore, and Thailand.

   Future Outlook   

       Driven by multiple favorable factors including deepening global consensus on "dual carbon" goals, global advancement of new power system construction, upgrading of high-end equipment industries, and accelerated core technology iteration, the global static converter industry is transitioning from large-scale application toward high-quality, diversified development, with broad future prospects. This has simultaneously generated new opportunities across multiple sectors and regions.

       The static converter industry also faces numerous challenges including technological breakthroughs, supply chain security, standards compliance, market competition, cost control, and operational maintenance adaptation. Facing intense market competition, enterprises should adopt differentiated competition strategies, closely monitor changes in international trade data for static converters, and build unique product characteristics and brand image through technological innovation and product differentiation. Enterprises with full-stack self-developed capabilities, global layout, and scenario-based service capabilities will build core competitiveness amid challenges and achieve breakthrough success.