Frequency Converter Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024

Report Code: ZMR-1592 | Report Format : | Status : Upcoming |

Abstract

Global Frequency Converter Market: Overview

The frequency converter is an electronic device, which is also known as AC power source that converts fixed frequency and voltage into variable frequency and voltage. It is used to control the speed of the pump with a frequency inverter. Frequency converter helps to reduce mechanical as well as electrical stress. It extends the life of the pumps, motors, and other mechanical and electrical equipment.

Global Frequency Converter Market: Growth Factors

The frequency converter market will witness growth in the near future due to rising demand from industrial automation, oil & gas, manufacturing plants, power, and aerospace & defense infrastructure. Growing worldwide import and export trade activities of the manufactured goods are expected to strengthen the demand for frequency converters in the process industry. In the manufacturing companies, the electrical machinery is operated on the varied power frequencies and to run them various frequency converters are used. The demand for such efficient systems from developing countries is anticipated to fuel the market growth. Increasing preferences for efficient devices from a number of industries to enhance the performances may open up new growth opportunities in future. The increase in the trend for offshore wind electricity generation capacity is getting famous across the world. However, rising concerns regarding the quality of frequency converter and emergence of new innovative alternatives may hinder the global market to some extent.

Global Frequency Converter Market: Segmentation

The global frequency converter market is categorized based on the end-user, type, and geography. The end-user segment is segmented into aerospace and defense, oil & gas, marine, power & energy, process industry, traction, and others. Based on the type, the market is segregated into rotary frequency converter and static frequency converter. The static frequency converter accounted for the largest market share owing to growing awareness regarding the reduction of noise and air pollution by the marine, aerospace, and defense end-users. The geographical segmentation of the market is diversified into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.

Global Frequency Converter Market: Regional Analysis

Europe contributed for the largest market share owing to the huge investments from Germany and the UK for the expansion of the manufacturing, aerospace & defense, energy infrastructures, and marine sectors. North America is the second largest market for frequency converter. Asia Pacific is expected to be the fastest-growing market. Emerging economies include Saudi Arabia, India, China, Argentina, Brazil, and others are witnessing promising growth opportunities in the coming years for the frequency converters. The importance of the static frequency converter is rising in the developing economies such as Asia Pacific and the Middle East & Africa which anticipates boosting the market growth.

Global Frequency Converter Market: Competitive Players

Key players dominating the global frequency converter market are Sinepower, Power System & Control, General Electric Company, Piller GmbH., Aplab Ltd., Siemens AG, ABB Ltd., Magnus Power, and Danfoss A/S.

Global Frequency Converter Market: Regional Segment Analysis

  • North America
    • U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

What Report Provides

  • Full in-depth analysis of the parent market
  • Important changes in market dynamics
  • Segmentation details of the market
  • Former, on-going, and projected market analysis in terms of volume and value
  • Assessment of niche industry developments
  • Market share analysis
  • Key strategies of major players
  • Emerging segments and regional markets
  • Testimonials to companies in order to fortify their foothold in the market.

Related Reports

Hazardous Area Sensors Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2018–2026

Price : $ 3999.00 | Report Code: ZMR-3610 | Report Format:

Global Hazardous Area Sensors Market: Overview The operation of electrical gear in dangerous or hazardous areas has been a significant issue since the beginning of the twentieth century. Due to the need to achieve precision and security in unstable zones and the implementation of governmental ru...Read More

Wireless Charging ICs Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2018–2026

Price : $ 3999.00 | Report Code: ZMR-3606 | Report Format:

Global Wireless Charging ICs Market: Overview Wireless charging technology comprises transmission of power to electrical devices, through an air gap for energy transfer. Wireless technology helps in the elimination of using physical cables and connectors. This technology provides reliable and sa...Read More

Commercial Satellite Imaging Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026

Price : $ 3999.00 | Report Code: ZMR-3579 | Report Format:

Global Commercial Satellite Imaging Market: Overview Satellite imagery is termed as the earth pictures or pictures of other planets taken by imaging satellites carrying their operations under the regulation and auspices of various governments and private businesses across the globe. Satellite im...Read More

Tunnel Automation Market by Component (Hardware, Software, and Services), by Tunnel Type (Railway Tunnel, Roadway Tunnel, and Others (Underwater Tunnel)), and by System (HVAC, Lighting & Power Supply Signalization, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2017-2024

Nov-2018 | Price : $ 4899.00 | Pages: 155 | Report Code: ZMR-3577 | Report Format:

The report covers a forecast and an analysis for the tunnel automation market on a global and regional level. The study provides historical data from 2015 to 2017 along with a forecast from 2018 to 2024 based on revenue (USD Billion). The study includes drivers, challenges, and restraints for the ...Read More

Download Brochure
Why Choose Us ?

24/5 Research support

Resolved your research queries from industry expert. Request for a free research sample before report purchase.

Custom research service

Ask the Analyst to customize an exclusive study to serve your research needs.

Quality & Accuracy

Zion Market Research reports offers best quality reports based on various authentic and accurate data findings.

Customer Satisfaction

We ensure that our client's all research needs are met with customized, in-depth analysis solutions.

Information security

We never share your personal and confidential information. Your personal information is safe and secure with us.