Press release
Frequency Converter for Automotive Market – Opportunities in Key Application Sectors by 2025
The main objective of this report is to define, describe, and forecast the global “Frequency Converter for Automotive” market on the basis of types of applications, major sectors, deployment models, organization size, and regions. The report contains an analysis of the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges). It aims to strategically analyze the micromarkets with respect to individual growth trends, prospects, and their contribution to the market. The report attempts to forecast the market size for 5 major regions, namely, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America. It contains key vendor profiles and comprehensively analyzes their core competencies. The report also tracks and analyzes competitive developments, including partnerships, collaborations, acquisitions, new product developments, and R&D activities in the market.
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Frequency converter or frequency is an electronic or electromechanical device that converts alternating current of one frequency to alternating current of another frequency. Frequency conversion may refer to different processes affecting frequency of physical phenomena, for example variable frequency drive is a frequency converter.
Demand for frequency converters is expected to rise in future due to automation of the automotive industry. The ongoing research and testing on autonomous vehicles also requires frequency converters, leading to a rise in their demand. Hybrid vehicles are equipped with frequency converters to manage the transmission of alternating current.
Frequency converters can be categorized based on type, component variation, number of phases, end users, vehicle type, and region.
Based on type, frequency converters can be categorized as static frequency converter and rotary frequency converter. Static frequency converter is a device which alters the frequency of the input signal according to input set point and consists of solid switching devices which act according to the input control signal. Static frequency converters have less installation cost and occupy lesser space. Rotary frequency converters were used for conversion of AC current into DC current before the advent of solid state power rectification and inverting. Rotary converters were made obsolete by the semiconductor rectifiers in the 1960s.
Frequency converters consist of rectifier, DC bus, and inverter. Rectifier and inverter are present in all the frequency converters whereas the DC bus is present only in high quality rectifiers. DC bus converter does not directly contribute to the variable frequency operation.
In terms of the number of phases, frequency converters can be categorized as single phase frequency converter and three phase frequency converter. In single phase frequency converter, the power transmission is in the form of single phase and is generally used in home appliances like refrigerators, washing machines, and hair dryers. In three phase frequency converters, the power transmission is in the form of three phase and each phase can constitute a single phase circuit with neutral point to provide electrical energy for users. Three phase frequency converters are cheaper than the single phase frequency converters.
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On the basis of end users, frequency converter can be used at different places in automobiles such as charging the battery of the vehicle and for actuation of the vehicle components. To charge the battery of the vehicle, bi-directional DC-DC type frequency converter is used. To empower the vehicle components for their motion unidirectional DC frequency converter is used.
On the basis of vehicle type, frequency converter can be categorized as passenger vehicles and commercial vehicles. Passenger vehicles are further classified as hatchbacks, sedans, and multi utility vehicles. Commercial vehicles can be further categorized as light commercial vehicles and heavy duty commercial vehicles.
On the basis of geography, the frequency converter automotive market can be segmented into Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Due to increasing developments in the automotive industry, the frequency converter market is expected to expand in Asia Pacific at a significant pace. Currently, Europe dominates the global frequency converter market due to extensive investments in countries such as Germany, France, and the United Kingdom in the development of aerospace & defense, manufacturing, energy infrastructures, and marine/offshore. The second largest market across the globe is North America.
Key players of in the frequency converter market are Piller Group GmbH, ABB Ltd, Power Systems & Controls Inc., Danfoss, Aplab Ltd., General Electric Company, Sinepower, Siemens, and Magnus Power Pvt. Ltd.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
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The study is a source of reliable data on:
Market segments and sub-segments
Market trends and dynamics
Supply and demand
Market size
Current trends/opportunities/challenges
Competitive landscape
Technological breakthroughs
Value chain and stakeholder analysis
The regional analysis covers:
North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
A complete backdrop analysis, which includes an assessment of the parent market
Important changes in market dynamics
Market segmentation up to the second or third level
Historical, current, and projected size of the market from the standpoint of both value and volume
Reporting and evaluation of recent industry developments
Market shares and strategies of key players
Emerging niche segments and regional markets
An objective assessment of the trajectory of the market
Recommendations to companies for strengthening their foothold in the market
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