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

Request Brochure Request Discount

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

Automotive Electronics Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018-2024

Price : $ 3999.00 | Report Code: ZMR-3132 | Report Format:

Automotive Electronics Market: Overview Automotive electronics comprises of electrically operated systems deployed in vehicles. Electronic fuel injection, airbag, advanced driver assistance and infotainment are some of the areas where automotive electronic systems are primarily used in order to ...Read More

Digital Phase Shifter Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018 – 2024

Price : $ 3999.00 | Report Code: ZMR-3101 | Report Format:

Global Digital Phase Shifter Market: Overview The digital phase shifter is the digital device that helps in changing the phase of RF, wave signals with no change in amplitude. The digital phase shifter is used for various applications like amplitude phase modulation, fiber optics, RF distortion...Read More

Quantum Cascade Lasers Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2024

Price : $ 3999.00 | Report Code: ZMR-3091 | Report Format:

Global Quantum Cascade Lasers Market: Overview Quantum Cascade lasers are semiconductor lasers that offer peak emission in the mid-IR range. This quantum cascade lasers usually have applications of chemical physics such as research on helium droplets, population pumping and in matrix isolation i...Read More

Industrial Control Transformer Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2016–2024

Price : $ 3999.00 | Report Code: ZMR-3077 | Report Format:

Global Industrial Control Transformer Market: Overview An industrial control transformer is mainly an isolation transformer majorly used for offering a high degree of voltage stability and good voltage regulation in case of voltage spikes or power overload. Also known as control transformers, ma...Read More

Universal Flash Storage Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2024

Price : $ 3999.00 | Report Code: ZMR-3076 | Report Format:

Global Universal Flash Storage Market: Overview Flash storage a type of drive, repository or system which uses the flash memory to store the data for an extended period. Flash memory is omnipresent in the small computing device and more common in large business storage systems. Universal flash s...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.