Press release
Frequency Converters Market | Industry Leading Players - Nova Electric, ABB, Danfoss, Siemens
Frequency converters, also known as frequency changers, are electronic or electromechanical gadgets that convert AC (alternating current) of one frequency to AC of another frequency.
The frequency converters market is driven by many factors, such as increasing demand from end user side, research and testing activities, uses in the defense mechanism, etc.
Europe holds a major share of the frequency converters market, followed by United States and Asia-Pacific. Rising demand from some sectors, such as aerospace, defense, oil, gas, etc. has contributed to growth of the frequency converters market.
The market share of some developing countries, such as India and South Africa is expected to grow owing to increasing awareness to reduce air and noise pollution.
The global Frequency Converters market was xx million US$ in 2017 and is expected to xx million US$ by the end of 2025, growing at a CAGR of xx% between 2018 and 2025.
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Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Frequency Converters in these regions, from 2013 to 2025, covering
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil etc.)
Middle East and Africa (Egypt and GCC Countries)
The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers. The key manufacturers in this market include
Nova Electric
ABB
Danfoss
Siemens
Sinepower
Aelco
Aplab
Avionic Instruments
General Electric
Georator
KGS Electronics
Magnus Power
NR Electric
Langley
Power Systems & Controls
Piller
By the product type, the market is primarily split into
Rotary Frequency Converters
Static Frequency Converters
By the end users/application, this report covers the following segments
Power & Energy
Oil & Gas
Marine/offshore Market
Aerospace & Defense
Traction
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