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Market Highlights:Market Research Future published a half cooked Research Report on Global Frequency Converter Market. The Frequency Converter Market is expected to grow over the CAGR of around 9% during the period 2017 to 2023.
Frequency converters are used in industries such as aerospace and defense and process industry. The global frequency converter market is driven by the growing demand for economical systems and frequency converters in developing countries. The demand for economical devices across industries is expected to be driven by the need for better performance. Varying electrical standards of main electricity supply across geographies, international trading, and growing demand for energy-efficient frequency converters are the main driving factors of the market.
Key Players:
The key players of Frequency Converter Market are:
• Piller Group GmbH (Germany)
• ABB Ltd (Switzerland)
• Power Systems & Controls Inc (USA)
• Danfoss (Denmark)
• Aplab Ltd. (India)
• General Electric Company (USA)
• Sinepower (Portugal)
• Siemens (Germany),
• Magnus Power Pvt. Ltd. (India)
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Market Research Analysis:
The Static frequency converters market in developing economies of Asia-Pacific and the Middle East & Africa are expected to grow at higher pace. As these regions are spending more on development of infrastructure such as, manufacturing & production facilities, ports, airports, the electric equipment used in these industries need specific current frequency to run efficiently. Need for clean and efficient process is expected to drive the demand for frequency converters.
Currently, Europe dominates the global frequency market due to extensive investments from countries such as Germany, France and United Kingdom into the development of the aerospace & defense, manufacturing, energy infrastructures and marine/offshore. The second largest market is North America.
Scope of the Report:
This study provides an overview of the global frequency converter market, tracking two market segments across four geographic regions. The report studies key players, providing a six-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next six years for each region.
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The scope of the study segments the global frequency converter market by its type, end user and by regions.
By Type:
• Static
• Rotary
By End User:
• Oil & Gas
• Aerospace & Defense
• Power & Energy
• Process Industry
• Traction
• Marine/Offshore
By Region:
• North America
• Asia Pacific
• Europe
• Rest of the World
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
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In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.
Contact Info:
Name: Akash Anand
Email: Send Email
Organization: Market Research Future (MRFR)
Address: Office No. 528, Amanora Chambers Magarpatta Road, Hadapsar, Pune - 411028 Maharashtra, India
Phone: +1 646 845 9312
Website: https://www.marketresearchfuture.com/reports/frequency-converter-market-3218
Release ID: 210949
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