Frequency Converter Market 2019 Global Industry Analysis To 2023, report on “Global Frequency Converter Industry” published by Market Research Future. Global Frequency Converter market set to rise at a 9% CAGR by 2023.
— Frequency Converter Market 2019 Global Industry Analysis To 2023, report on “Global Frequency Converter Industry” published by Market Research Future. Global Frequency Converter Market Information by Type (Static and Rotary), by End-User (Aerospace & Defense, Power & Energy, Process Industry, Traction, Oil & Gas, and Marine/Offshore), Region - Forecast till 2023.
Major Frequency Converter Companies covered in the market report include ABB Ltd (Switzerland), Aplab Ltd. (India), Danfoss (Denmark), General Electric Company (USA), Magnus Power Pvt. Ltd. (India), Piller Group GmbH (Germany), Siemens (Germany), and Sinepower (Portugal).
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Global Market Highlights:
Global Frequency Converter market has seen remarkable growth; expected to rise at a CAGR of 9%. A frequency converter is an electronic or electromagnetically device that converts the frequency of alternating current according to the requirement of the appliance connected. It is used to manage the speed of a pump with frequency inverter.
Market Research Future (MRFR) has published a research report about the global frequency converter market that envisions expansion for this market at 9% CAGR (Compound Annual Growth Rate) between 2017 and 2023. Analyzing the market structure, this report gauges the future growth potential of the market. It monitors the plans of the key players in the market and supports the competitive developments like joint ventures, new product developments, mergers & acquisitions, research and developments (R&D) in the market.
Frequency converter plays a vital role, in extending the component life of the motors, pumps and others equipment. Rising demand for frequency converter in developing countries and efficient systems is driving the frequency converter market worldwide. Today, the consumption volume of the device comes from industries such as aerospace and defense and process industry. Demand for efficient devices across an array of industries to enhance performance is expected to create greater opportunities. Varying worldwide electrical standards of the main electricity supply and international trading. Lastly, the growing demand for energy-efficient frequency converters is contributing to market growth.
The global frequency converter market can be segmented on the basis of end-user, type, and lastly, region. Based on end-user, this market has been segmented into aerospace & defense, marine/offshore, oil & gas, power & energy, process industry, and traction. By type, the market has been segmented into rotary and static.
Geographically, the global frequency converter market has been divided into North America, Europe, Asia Pacific and Rest of the World.
Currently, Europe is the largest regional market due to extensive investments from countries like France, Germany, and the UK (followed by the remaining countries in Europe) in various sectors. Some key market players are also based in Europe. North America is the second biggest regional market that is expected to grow during the forecast period, primarily due to the reasons same as in Europe. In this region, the maximum market revenue comes from USA and Canada.
Static frequency converters are expected to grow at a high pace in developing economies of regions such as Asia-Pacific and Middle East & Africa. As these regions spend heavily on infrastructural developments such as, manufacturing & production facilities, ports, and airports, electrical equipment used here need specific current frequency to run efficiently. So the need for efficient and clean process is expected to drive the demand for frequency converters.
Table Of Contents
1 Executive Summary
2 Research Methodology
2.1 Scope Of The Study
2.1.2 Research Objective
2.2 Research Process
2.2.1 Primary Research
2.2.2 Secondary Research
2.3 Market Size Estimation
2.4 Forecast Model
3 Market Dynamics
3.1 Market Drivers
3.2 Market Inhibitors
3.3 Supply/Value Chain Analysis
3.4 Porter’s Five Forces Analysis
4 Global Frequency Converter Market, By Type
5 Global Frequency Converter Market, By End User
5.2 Oil & Gas
5.3 Aerospace & Defense
5.4 Power & Energy
5.5 Process Industry
6 Regional Market Analysis
6.2 North America
6.3.4 Rest Of Europe
6.4.4 Rest Of Asia-Pacific
6.5 Rest Of The World
List of Tables:
TABLE 1 GLOBAL FREQUENCY CONVERTER MARKET, BY TYPE
TABLE 2 GLOBAL FREQUENCY CONVERTER MARKET, BY END USER
TABLE 3 GLOBAL FREQUENCY CONVERTER MARKET, BY REGIONS
TABLE 4 NORTH AMERICA FREQUENCY CONVERTER MARKET, BY TYPE
TABLE 5 NORTH AMERICA FREQUENCY CONVERTER MARKET, BY END USER
TABLE 6 U.S. FREQUENCY CONVERTER MARKET, BY TYPE
List of Figures:
FIGURE 1 RESEARCH APPLICATION
FIGURE 2 GLOBAL FREQUENCY CONVERTER MARKET: BY TYPE (%)
FIGURE 3 GLOBAL FREQUENCY CONVERTER MARKET: BY END USER (%)
FIGURE 4 GLOBAL FREQUENCY CONVERTER MARKET: BY REGION
FIGURE 5 NORTH AMERICA FREQUENCY CONVERTER MARKET, BY TYPE (%)
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