Frequency Converter Market - Global Growth, Trends and Forecast (2022 - 2027) By Types, By Application, By Regions, and By Key Players: Nova Electric, ABB Ltd (NSE: ABB), Siemens Ltd (NSE: SIEMENS), General Electric (NYSE: GE)

Registering a CAGR of 7.2% over the forecast period, the market value of Frequency Converter is expected to reach US$ 32000 million in the year 2027.

Frequency Converter Market Overview

Frequency converters, also known as frequency changers, are electromechanical devices that convert alternating current (AC) from one frequency to another. It is a power converter that converts fixed frequency and voltage sine-wave power or line power into variable frequency and voltage output. The use of a frequency converter also ensures that pumps, motors, and other equipment last longer. The demand for frequency converters has recently increased dramatically as a result of growing urbanization. Furthermore, the use of frequency converters is economical and energy-efficient, which contributes to the growth of the global frequency converter market.

Many factors drive the frequency converters market, including increasing end-user demand, research and testing activities, applications in defense mechanisms, and so on. Along with the aforementioned factors, the market's expansion is linked to the demand for electric machinery and the need for effective and efficient equipment. Trends in the frequency converters market include the increased use of technologically advanced equipment and the use of high-speed rails.

The global frequency converter market is experiencing increased demand. Recently, countries in various regions have been moving toward urbanization, which necessitates the development of a high-frequency converter market, resulting in the growth of the global frequency converter market. Another factor driving demand for the frequency converter market in the global market is rising personal disposable income.

The report aspects discussed the profile of the top manufacturers of the global Frequency Converter market. These aspects include the financial status of major companies, trending advancements, and the entire market scenario. Growth of the report has examined Frequency Converter Market production, demand and growth potential, geographic analysis, as well as current market developments in various regions and countries.

Who are the Major Players in the Frequency Converter Market?

The global Frequency Converter includes the identification and analysis of the various market participants competing in the global market. Prominent competitors include Nova Electric, ABB Ltd (NSE: ABB), Danfoss Engineering Tomorrow, Siemens Ltd (NSE: SIEMENS), Sinepower, Aelco, Aplab Limited, Avionic Instruments LLC Corporation, General Electric (NYSE: GE), Georator Corporation, KGS Electronics, Magnus Power Private Limited, NR Electric Co Ltd, Langley Holdings Plc, Power Systems & Controls Inc and others.

Industry News and Updates:

Astronics AES Launches a New Frequency Conversion Unit for Aircraft Power Systems

27 February 2019—Astronics Corporation (Nasdaq: ATRO), a leading provider of advanced technologies for global aerospace, defence, and other mission critical industries, announced the release of the new CorePower® Frequency Converter Unit (FCU). The new unit, available from Astronics AES, a wholly owned subsidiary of Astronics, converts variable frequency power sources to constant 400Hz power to protect sensitive aircraft electronics from unregulated frequency and power surges.

What are the major Applications, Types, and Regions for the Frequency Converter Market?

The market is segmented based on the type, applications, companies, and regions.

By Type, it is segmented into

• Static Frequency Converter


• Rotary Frequency Converter

By Application, it is segmented into

• Aerospace and Defense


• Power and Energy


• Oil and Gas


• Traction


• Marine/Offshore


• Process Industry


• Others

Frequency Converter Market Regional Analysis

North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa have all entered the global frequency converter market. Because of the rapid industrialization of countries such as India, China, Bangladesh, and Vietnam, Asia-Pacific is expected to dominate the frequency converter market. The expansion of the manufacturing sector in Asia-Pacific provides a significant boost to the frequency converter market. Food and beverage, oil and gas, power generation, and other industrial sectors are expanding rapidly. The growth of industries has benefited the frequency converter market. Automation has gained traction in the Asia-Pacific region's industrial and manufacturing sectors, fueling the frequency converter, which is widely used for timing and synchronization.

The development of infrastructure in Asia-Pacific as a result of rapid urbanization has also aided the growth of the frequency converter market. The widespread use of elevators and escalators in commercial, residential, and industrial buildings has fueled the frequency converter market. Europe and North America are undergoing a rapid transition to automated manufacturing and industrial activities. Automation initiatives by North American and European industries have fueled the market.

• North America
  
  
  
  
  • US
  
  
  • Canada
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Rest of the World
  
  
  
  • Middle East & Africa
  
  
  • Latin America
  
  
  
  

The Frequency Converter Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type, and segment. It focuses extensively on revealing a detailed regional analysis. The Global Frequency Converter Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.

What is our Frequency Converter Market report scope?

Scope of the Report covers Frequency Converter Market with a detailed analysis of the overall scenario for the market. It also highlights the business participants’ environment in the global marketplace. This report also provides an overview of leading companies covering the latest successful marketing strategies, market contributions, current and historical background, and latest market happenings to help key organizations to grow and generate larger profits. Business players will greatly benefit from this Frequency Converter Market analysis report as it has vital details to provide about regional markets and expected opportunities for the prediction time period 2022-2027. Growth between segments is used to understand the different growth factors that are expected to dominate the market as a whole and to develop strategies to differentiate between key applications and target markets. It further reveals how the worldwide market is working through efficient information graphics.

Key Takeaways from this Frequency Converter Report

• Evaluate Frequency Converter market potential through analyzing growth rates (CAGR %), Volume (Units), and Value ($M) data given at the country level - for product types, end-use applications, and different industries verticals.


• Understand the different dynamics influencing the market - growth driving factors, specific challenges, and hidden opportunities.


• Get in-depth insights on your competitor’s performance – revenue, shares, business strategies, financial benchmarking, product benchmarking, SWOT analysis, and more.


• Analyze the sales and distribution channels across geographies to enhance top-line revenues.


• Understand the demanding supply chain with a deep dive on the value augmentation at each, in order to optimize value and bring efficiencies to your processes.


• Get a quick outlook on the Frequency Converter market entropy – M&As, deals, partnerships, and product launches of all key players for the past 5 years.


• Evaluate the import-export statistics, supply-demand, and competitive landscape for more than the top 20 countries globally for the market.

Frequently Asked Questions

What is the study period of this market?

The Frequency Converter Market is studied from 2017 - 2027.

What is the growth rate of the Frequency Converter Market?

The Frequency Converter Market is growing at a CAGR of 7.2% over the next 5 years.

Who are the key players in Frequency Converter Market?

Nova Electric, ABB Ltd, Danfoss Engineering Tomorrow, Siemens Ltd, Sinepower, Aelco, Aplab Limited, Avionic Instruments LLC Corporation, General Electric, Georator Corporation, KGS Electronics, Magnus Power Private Limited, NR Electric Co Ltd, Langley Holdings Plc, Power Systems & Controls Inc

What regions does this Frequency Converter Market report cover?

North America (the United States, Canada, and Mexico)

Europe (Germany, France, UK, Russia, and Italy)

Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)

South America (Brazil, Argentina, Colombia, etc.)

The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

What are the significant types of Frequency Converter Market?

Static Frequency Converter, Rotary Frequency Converter

What are the major end-use applications of Frequency Converter Market?

Aerospace and Defense, Power and Energy, Oil and Gas, Traction, Marine/Offshore, Process Industry, Others

 

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