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Frequency Converter Market - 2019 Industry Trends, Size, Share, Growth Insight, Competitive Analysis, Segments, Leading Players, And Regional Forecast To 2023




(MENAFN - GetNews) Frequency Converter Market to Grow At 9% CAGR by 2023, according Global Frequency Converter Market 2019 Global Industry Forecast To 2023 Research Report published by Market Research Future. Global Frequency Converter Market is segmented by End-User (Aerospace & Defense, Power & Energy, Process Industry, Traction, Oil & Gas, and Marine/Offshore), Region (North America, Europe, Asia-Pacific and Rest of World) and by Global Forecast to 2023

Global Frequency Converter Market Highlights:

Global Frequency Converter Market Growth is attributed to factors such as growing demand for frequency converters in developing countries and economical systems is driving the frequency converter market worldwide. Currently, the device is used in industries such as aerospace & defense and process industry. The demand for economical devices in industries to enhance performance is expected to create further opportunities for the market. Varying worldwide electrical standards of main electricity supply, international trading, and growing demand for energy-efficient frequency converters are the main driving factors of the market.

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Frequency Converter Market Key Companies Analyzed:

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) and Magnus Power Pvt. Ltd. (India).

Frequency converters are devices that converts AC of one frequency to another frequency by alternating the currents. They are used to manipulate the speed of a pump with frequency inverter. Furthermore, these converters can minimize the electrical as well as mechanical stress. 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 defence and process industry. Demand for efficient devices across an array of industries to enhance performance is expected to create greater opportunities.

A frequency converter is an electronic or electromechanical 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. Furthermore, these converters can minimize the electrical and mechanical stress. A frequency converter plays an important role, in extending the durability of the motors, pumps and other equipment.

The majority of power generation plant use non-renewable fuels, and therefore, the importance of energy efficiency has gained significant ground over the last decade. Frequency converters are used for saving energy and optimizing energy consumption. Depending on the application, energy savings of up to 70% are possible with fan, pump, and compressor drives. The increase in usage of these converters for various other applications such as controlling pressure, temperature, and flow without the use of a separate controller is predicted to be a key trend in the frequency converter market, globally.

Regional Analysis:

Geographically, the global frequency converter market has been divided into North America, Europe, Asia Pacific and Rest of the World. 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.

Market Segments Analysis:

The scope of global frequency converter market is segmented into two major segments which are explained below:

By Type:

Static

Rotary

By End User:

Aerospace & Defence

Power & Energy

Process Industry

Traction

Oil & Gas

Marine/Offshore

Table Of Contents:

1 Executive Summary

2 Scope Of The Report

2.1 Market Definition

2.2 Scope Of The Study

2.2.1 Definition

2.2.2 Research Objective

2.2.3 Assumptions

2.2.4 Limitations

2.3 Research Process

2.3.1 Primary Research

2.3.2 Secondary Research

2.4 Market Size Estimation

2.5 Forecast Model

3 Market Landscape

3.1 Porter's Five Forces Analysis

3.1.1 Threat Of New Entrants

3.1.2 Bargaining Power Of Buyers

3.1.3 Threat Of Substitutes

3.1.4 Segment Rivalry

3.1.5 Bargaining Power Of Buyers

3.2 Value Chain/Supply Chain Analysis

4 Market Dynamics

4.1 Introduction

4.2 Market Drivers

4.3 Market Restraints

4.4 Market Opportunities

4.5 Market Trends

Continued…

List Of Tables:

Table 1 Global Frequency Converter Market: By Region, 2017-2023

Table 2 North America Frequency Converter Market: By Country, 2017-2023

Table 3 Europe Frequency Converter Market: By Country, 2017-2023

Table 4 Asia Pacific Frequency Converter Market: By Country, 2017-2023

Table 5 RoW Frequency Converter Market: By Country, 2017-2023

Table 6 Global Frequency Converter Market, By Technology, By Regions, 2017-2023

Continued…

List Of Figures:

FIGURE 1 RESEARCH INSULATION TYPE

FIGURE 2 GLOBAL FREQUENCY CONVERTER MARKET: BY TYPE (%)

FIGURE 3 GLOBAL FREQUENCY CONVERTER MARKET: BY END USER (%)

FIGURE 4 GLOBAL FREQUENCY CONVERTER MARKET: BY REGIO

FIGURE 5 NORTH AMERICA FREQUENCY CONVERTER MARKET, BY TYPE (%)

FIGURE 6 NORTH AMERICA FREQUENCY CONVERTER MARKET, BY END USER (%)

FIGURE 7 EUROPE FREQUENCY CONVERTER MARKET, BY TYPE (%)

FIGURE 8 EUROPE FREQUENCY CONVERTER MARKET, BY END USER (%)

FIGURE 9 ASIA-PACIFIC FREQUENCY CONVERTER MARKET, BY TYPE (%)

FIGURE 10 ASIA-PACIFIC FREQUENCY CONVERTER MARKET, BY END USER (%)

FIGURE 11 ROW FREQUENCY CONVERTER MARKET, BY TYPE (%)

FIGURE 12 ROW FREQUENCY CONVERTER MARKET, BY END USER (%)

Continued…

For More Information On This Report Visit: https://www.marketresearchfuture.com/reports/frequency-converter-market-3218

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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Frequency Converter Market - 2019 Industry Trends, Size, Share, Growth Insight, Competitive Analysis, Segments, Leading Players, And Regional Forecast To 2023

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