Press release
Frequency Converter Market Innovations, And Portfolio Extensions Leading To Product Premiumization To Boost Market Growth by ABB Ltd., Danfoss A/S, General Electric Company
Frequency Converter Market
Frequency Converter is an electromechanically controlled device used to convert alternating current of one frequency to alternating current of another frequency. Frequency converters enable the equipment and devices to operate at their standard frequency apart from utility frequency, which is 50 Hz or 60 Hz varying with countries across the globe. Frequency converters are used to control the speed and torque of the AC motors as per the load requirement in various industries. There are two types of frequency converters used in the industries for conversion of frequency including static and rotary frequency converters.
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Impact Factors:
• High electrical efficiency and development & modernization of electronic infrastructure.
Recent Developments:
• In July 2018, GE Power was chosen by ANDRITZ and Dongfang Electric Machinery Co., Ltd. to provide electrical solutions for the Fengning pumped-storage hydroelectric plant located in the Hebei Province in China. During phase 2 of project GE's Power Conversion business will provide the variable speed technology-constituting two variable speed MV7000 converters and one static frequency converter.
• In February 2019, Astronics Corporation announced the availability of the new CorePower® Frequency Converter Unit (FCU) which will be used in aerospace, defense, and other mission-critical industries.
Segmentations Covered in the Report:
Detailed segmentation by area (country), business, type, and application are included in the Frequency Converter market research analysis. The research offers comprehensive details on new products, regional investments, and market investments. The Frequency Converter market research report also monitors emerging technologies and trends. The most recent market dynamics, including motivating and inhibiting factors, as well as business news like mergers and acquisitions and investments, are also included in the study. This analysis of current market trends from 2023 to 2032 is provided for each of the sub-segments.
Market Segmentation:
By Type (Static, Rotary),
By End-User (Aerospace & Defense, Power & Energy, Process Industry, Traction, Oil & Gas, Marine/Offshore)
Regional Overview:
>>North America (the United States of America, Canada, and Mexico)
>>Asia-Pacific (Japan, China, India, Australia, Rest of Asia Pacific)
>>Europe (Germany, UK, France, Rest of Europe)
>>Central & South America (Brazil, Argentina, Rest of South America)
>>Middle East & Africa (United Arab Emirates, Saudi Arabia, South Africa, Rest of Middle East & Africa)
The Key Players in this Market are: ABB Ltd., Danfoss A/S, General Electric Company, Siemens AG, Magnus Power, Sinepower, Aplab Ltd., Power System & Control, Piller GmbH And 25 Others.
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Reasons for Buying Frequency Converter Market Report:
- This report gives a forward-looking prospect of various factors driving or restraining market growth.
- It renders an in-depth analysis for changing competitive dynamics.
- It presents a detailed analysis of changing competition dynamics and puts you ahead of competitors.
- It gives a ten-year forecast evaluated on the basis of how the market is predicted to grow.
- It assists in making informed business decisions by performing a pin-point analysis of market segments and by having complete insights of the Frequency Converter Market.
- This report helps the readers understand key product segments and their future.
- From 2015 to 2022, All Recent Developments have been covered in this Report.
The Research study can answer the following Key questions:
1. What will be the progress rate of the Frequency Converter Market for the conjecture period, 2032?
2. What are the prominent factors driving the Frequency Converter Market across different regions?
3. Who are the major vendors dominating the Frequency Converter industry and what are their winning strategies?
4. What will be the market scope for the estimated period?
5. What are the major trends shaping the expansion of the industry in the coming years?
6. What are the challenges faced by the Frequency Converter Market?
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