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Report Southern Asia - Static Converters - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Feb 1, 2025

Southern Asia - Static Converters - Market Analysis, Forecast, Size, Trends and Insights

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Southern Asia: Static Converter Market 2025

Static Converter Market Size in Southern Asia

The South Asian static converter market contracted modestly to $X in 2021, approximately reflecting the previous year. In general, consumption recorded a perceptible descent. The most prominent rate of growth was recorded in 2020 when the market value increased by 7.7%. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Static Converter Production in Southern Asia

In value terms, static converter production fell rapidly to $X in 2021 estimated in export price. Overall, production faced a deep reduction. The growth pace was the most rapid in 2020 with an increase of 97%. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Static Converter Exports

Exports in Southern Asia

In 2021, shipments abroad of static converters decreased by -31.5% to X units, falling for the second year in a row after three years of growth. In general, exports, however, posted a buoyant expansion. The growth pace was the most rapid in 2014 when exports increased by 334%. The volume of export peaked at X units in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, static converter exports skyrocketed to $X in 2021. Overall, exports, however, showed a prominent increase. The most prominent rate of growth was recorded in 2019 when exports increased by 60%. The level of export peaked in 2021 and is likely to continue growth in the near future.

Exports by Country

India prevails in exports structure, accounting for X units, which was approx. 96% of total exports in 2021. Bangladesh (X units) took a minor share of total exports.

Exports from India increased at an average annual rate of +17.4% from 2012 to 2021. At the same time, Bangladesh (+78.9%) displayed positive paces of growth. Moreover, Bangladesh emerged as the fastest-growing exporter exported in Southern Asia, with a CAGR of +78.9% from 2012-2021. From 2012 to 2021, the share of Bangladesh increased by +3.7 percentage points.

In value terms, India ($X) remains the largest static converter supplier in Southern Asia, comprising 99% of total exports. The second position in the ranking was held by Bangladesh ($X), with a 0.5% share of total exports.

In India, static converter exports increased at an average annual rate of +14.3% over the period from 2012-2021.

Export Prices by Country

The export price in Southern Asia stood at $X per unit in 2021, picking up by 80% against the previous year. Over the period under review, the export price, however, showed a noticeable descent. The level of export peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was India ($X per unit), while Bangladesh stood at $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (-2.7%).

Static Converter Imports

Imports in Southern Asia

In 2021, purchases abroad of static converters decreased by -10.3% to X units, falling for the second consecutive year after eight years of growth. In general, imports, however, continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2018 with an increase of 109% against the previous year. The volume of import peaked at X units in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, static converter imports skyrocketed to $X in 2021. Over the period under review, imports, however, recorded resilient growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

India dominates imports structure, finishing at X units, which was approx. 92% of total imports in 2021. It was distantly followed by Bangladesh (X units), comprising a 5.3% share of total imports.

India was also the fastest-growing in terms of the static converters imports, with a CAGR of +20.7% from 2012 to 2021. At the same time, Bangladesh (+7.2%) displayed positive paces of growth. India (+13 p.p.) significantly strengthened its position in terms of the total imports, while Bangladesh saw its share reduced by -8% from 2012 to 2021, respectively.

In value terms, India ($X) constitutes the largest market for imported static converters in Southern Asia, comprising 75% of total imports. The second position in the ranking was taken by Bangladesh ($X), with a 9.2% share of total imports.

In India, static converter imports increased at an average annual rate of +8.9% over the period from 2012-2021.

Import Prices by Country

In 2021, the import price in Southern Asia amounted to $X per unit, growing by 64% against the previous year. Overall, the import price, however, recorded a deep slump. The level of import peaked at $X per unit in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Bangladesh ($X per unit), while India totaled $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bangladesh (+3.5%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

India remains the largest static converter consuming country in Southern Asia, accounting for 86% of total volume. Moreover, static converter consumption in India exceeded the figures recorded by the second-largest consumer, Pakistan, more than tenfold. The third position in this ranking was occupied by Bangladesh, with a 4.1% share.
The country with the largest volume of static converter production was India, comprising approx. 100% of total volume.
In value terms, India remains the largest static converter supplier in Southern Asia, comprising 99% of total exports. The second position in the ranking was occupied by Bangladesh, with a 0.5% share of total exports.
In value terms, India constitutes the largest market for imported static converters in Southern Asia, comprising 77% of total imports. The second position in the ranking was occupied by Pakistan, with a 9.4% share of total imports. It was followed by Bangladesh, with an 8.4% share.
In 2020, the static converter export price in Southern Asia amounted to $48 per unit, rising by 14% against the previous year.
The static converter import price in Southern Asia stood at $3.9 per unit in 2020, increasing by 5.8% against the previous year.

This report provides an in-depth analysis of the static converter market in Southern Asia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • Prodcom 27115023 -
  • Prodcom 27115030 - Rectifiers (excluding of a kind used with telecommunication apparatus, automatic data-processing machines and units thereof)
  • Prodcom 27115033 - Accumulator chargers
  • Prodcom 27115035 -
  • Prodcom 27115040 - Power supply units for telecommunication apparatus, a utomatic data-processing machines and units thereof
  • Prodcom 27115053 - Inverters having a power handling capacity . 7,5 kVA
  • Prodcom 27115055 - Inverters having a power handling capacity > 7,5 kVA
  • Prodcom 27115070 - Static converters (excluding polycrystalline semiconductors, c onverters specially designed for welding, without welding equipment, accumulator chargers, rectifiers, inverters)
  • Prodcom 27904130 -
  • Prodcom 27904140 -
  • Prodcom 27904153 -
  • Prodcom 27904155 -
  • Prodcom 27904170 -
  • Prodcom 27904190 -

Country coverage:

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Production in Southern Asia, split by region and country
  • Trade (exports and imports) in Southern Asia
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. CONSUMPTION BY COUNTRY
    3. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
    2. PRODUCTION BY COUNTRY

  8. 8. IMPORTS

    The Largest Importers on The Market and How They Succeed

    1. IMPORTS FROM 2012–2024
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Exporters on The Market and How They Succeed

    1. EXPORTS FROM 2012–2024
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. 11. COUNTRY PROFILES

    The Largest Markets And Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
    • Afghanistan
    • Bangladesh
    • Bhutan
    • India
    • Maldives
    • Nepal
    • Pakistan
    • Sri Lanka

  12. LIST OF TABLES

    1. Key Findings In 2024
    2. Market Volume, In Physical Terms, 2012–2024
    3. Market Value, 2012–2024
    4. Per Capita Consumption, By Country, 2018–2024
    5. Production, In Physical Terms, By Country, 2012–2024
    6. Imports, In Physical Terms, By Country, 2012–2024
    7. Imports, In Value Terms, By Country, 2012–2024
    8. Import Prices, By Country Of Destination, 2012–2024
    9. Exports, In Physical Terms, By Country, 2012–2024
    10. Exports, In Value Terms, By Country, 2012–2024
    11. Export Prices, By Country Of Origin, 2012–2024

  13. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2024
    2. Market Value, 2012–2024
    3. Consumption, By Country, 2024
    4. Market Volume Forecast to 2030
    5. Market Value Forecast to 2030
    6. Products: Market Size And Growth, By Type
    7. Products: Average Per Capita Consumption, By Type
    8. Products: Exports And Growth, By Type
    9. Products: Export Prices And Growth, By Type
    10. Production Volume And Growth
    11. Exports And Growth
    12. Export Prices And Growth
    13. Market Size And Growth
    14. Per Capita Consumption
    15. Imports And Growth
    16. Import Prices
    17. Production, In Physical Terms, 2012–2024
    18. Production, In Value Terms, 2012–2024
    19. Production, By Country, 2024
    20. Production, In Physical Terms, By Country, 2012–2024
    21. Imports, In Physical Terms, 2012–2024
    22. Imports, In Value Terms, 2012–2024
    23. Imports, In Physical Terms, By Country, 2024
    24. Imports, In Physical Terms, By Country, 2012–2024
    25. Imports, In Value Terms, By Country, 2012–2024
    26. Import Prices, By Country, 2012–2024
    27. Exports, In Physical Terms, 2012–2024
    28. Exports, In Value Terms, 2012–2024
    29. Exports, In Physical Terms, By Country, 2024
    30. Exports, In Physical Terms, By Country, 2012–2024
    31. Exports, In Value Terms, By Country, 2012–2024
    32. Export Prices, 2012–2024

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