ID: MRFR/E&P/2327-HCR | February 2021 | Region: Global | 111 pages
Market Scenario:
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 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.
The Frequency Converter Market is expected to grow with the CAGR of approximately 9% from 2017 to 2023.
Study Objectives of Frequency Converter Market:
Market Segmentation:
Global Analysis:
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.
Currently, Europe dominates the global frequency market due to extensive investments from countries such as Germany, France and United Kingdom into the development of the aerospace & defense, manufacturing, energy infrastructures and marine/offshore. The second largest market is North America.
Key Players:
The key players of Frequency Converter Market are 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).
Intended Audience:
Product Analysis:
Additional Information:
Geographic Analysis:
Company Information:
The report for Frequency Converter Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
Frequently Asked Questions (FAQ) :
The market can attain a growth rate of approximately 9% during the review period.
The market size is anticipated to expand tremendously by 2023, given the increasing use of frequency converters in applications like temperature, flow and controlling pressure.
ABB Ltd (Switzerland), Power Systems & Controls Inc (USA), Siemens (Germany) Piller Group GmbH (Germany), Aplab Ltd. (India), General Electric Company (USA), Magnus Power Pvt. Ltd. (India), Sinepower (Portugal), Danfoss (Denmark), are the major players profiled in the report.
North America is the second leading market for frequency converter.
Substantial investments from France, United Kingdom and Germany into the development of sectors like manufacturing, aerospace & defense, marine/offshore and energy infrastructures are the factors that back Europe’s dominance in the global market.
Table of Contents
1 Executive Summary
2 Research Methodology
2.1 Scope of the Study
2.1.1 Definition
2.1.2 Research Objective
2.1.3 Assumptions
2.1.4 Limitations
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
4.1 Introduction
4.2 Static
4.3 Rotary
5 Global Frequency converter Market, By End User
5.1 Introduction
5.2 Oil & Gas
5.3 Aerospace & Defense
5.4 Power & Energy
5.5 Process Industry
5.6 Traction
5.7 Marine/Offshore
6 Regional Market Analysis
6.1 Introduction
6.2 North America
6.2.1 U.S.
6.2.2 Canada
6.3 Europe
6.3.1 U.K.
6.3.2 France
6.3.3 Germany
6.3.4 Rest of Europe
6.4 Asia-Pacific
6.4.1 China
6.4.2 Japan
6.4.3 India
6.4.4 Rest of Asia-Pacific
6.5 Rest of the World
7 Competitive Analysis
7.1 Introduction
7.2 Competitive Scenario
7.2.1 Market Share Analysis
7.2.2 Market Development Analysis
7.2.3 Application/Service Benchmarking
7.3 Piller Group GmbH (Germany)
7.3.1 Overview
7.3.2 Application/Service Offering
7.3.3 Strategy
7.4 ABB Ltd (Switzerland)
7.4.1 Overview
7.4.2 Application/Service Offering
7.4.3 Strategy
7.5 Power Systems & Controls Inc (USA)
7.5.1 Overview
7.5.2 Application/Service Offering
7.5.3 Strategy
7.6 Danfoss (Denmark)
7.6.1 Overview
7.6.2 Application/Service Offering
7.6.3 Strategy
7.7 Aplab Ltd. (India)
7.7.1 Overview
7.7.2 Application/Service Offering
7.7.3 Strategy
7.8 General Electric Company (USA)
7.8.1 Overview
7.8.2 Application/Service Offering
7.8.3 Strategy
7.9 Sinepower (Portugal)
7.9.1 Overview
7.9.2 Application/Service Offering
7.9.3 Strategy
7.10 Siemens (Germany)
7.10.1 Overview
7.10.2 Application/Service Offering
7.10.3 Strategy
7.11 Magnus Power Pvt. Ltd. (India)
7.11.1 Overview
7.11.2 Application/Service Offering
7.11.3 Strategy
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
TABLE 7 U.S. FREQUENCY CONVERTER MARKET, BY END USER
TABLE 8 CANADA FREQUENCY CONVERTER MARKET, BY TYPE
TABLE 9 CANADA FREQUENCY CONVERTER MARKET, BY END USER
TABLE 10 EUROPE FREQUENCY CONVERTER MARKET, BY TYPE
TABLE 11 EUROPE FREQUENCY CONVERTER MARKET, BY END USER
TABLE 12 GERMANY FREQUENCY CONVERTER MARKET, BY TYPE
TABLE 13 GERMANY FREQUENCY CONVERTER MARKET, BY END USER
TABLE 14 FRANCE FREQUENCY CONVERTER MARKET, BY TYPE
TABLE 15 FRANCE FREQUENCY CONVERTER MARKET, BY END USER
TABLE 16 U.K. FREQUENCY CONVERTER MARKET, BY TYPE
TABLE 17 U.K. FREQUENCY CONVERTER MARKET, BY END USER
TABLE 18 REST OF EUROPE FREQUENCY CONVERTER MARKET, BY TYPE
TABLE 19 REST OF EUROPE FREQUENCY CONVERTER MARKET, BY END USER
TABLE 20 ASIA-PACIFIC FREQUENCY CONVERTER MARKET, BY TYPE
TABLE 21 ASIA-PACIFIC FREQUENCY CONVERTER MARKET, BY END USER
TABLE 22 ROW FREQUENCY CONVERTER MARKET, BY TYPE
TABLE 23 ROW FREQUENCY CONVERTER MARKET, BY END USER
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 (%)
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 (%)