Press release
Frequency Converters Market to Record CAGR of 8.2% Increase in Revenue by 2025
Frequency Converters Market
The Frequency Converters Market is expected to register a significant CAGR of 8.2% by 2025. Frequency converters are used to alter the frequency and voltage of an alternating current, which, in turn, helps adjust the speed of electric motors.
An electronic or electromechanical device that converts alternating current (AC) from one frequency to another is called a frequency converter or frequency converter. Devices that convert electricity include frequency converters. Traditionally, these devices are known as motor-generator sets and have been electromechanical devices. These devices usually consist of a rectifier that produces direct current and is tuned to deliver alternating current at the desired frequency.
A battery can be added to the DC hardware to improve the converter's handling of voltage drops during data control. All frequency converters consist of three basic parts: rectifier, inverter and intermediate circuit.
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To convert a stable mains frequency to a variable frequency, frequency converters work according to a basic principle that can be defined in two stages. In the first stage, the AC voltage is rectified to DC voltage, and in the second stage, this DC voltage is cut to AC voltage and converted to the required frequency.
Frequency converters offer several advantages: B. Low maintenance cost, controlled acceleration rate, limited torque, easy starting etc. Several advantages allow it to be used in a variety of applications, such as sensors.
Another field of application is the aviation and aircraft industry. Aircraft typically use 400Hz control, so a 50Hz or 60Hz to 400Hz frequency converter is required for use on ground controls used to control aircraft from the ground. Airlines can also use converters to give travelers an air split-flow that can be used with a tablet or the like . In the renewable energy framework, AC drives are a key segment of the dual boost accommodating generators used as part of today's multi-megawatt wind turbines.
Frequency converters are commonly used to control the speed of motors, mainly pumps and fans. The most demanding applications can be found on modern process lines where the requirements for control accuracy can be high. This is especially true in the nuclear and weapons industries, where these devices control the operation of refineries.
Frequency Converter Market: Dynamic
The drives market is determined by many factors such as B. growing demand from end users, research and testing activities, use of defense mechanisms, etc. Along with the above factors, demand for electrical machinery and effective and efficient requirement devices are related to the growth of the market.
The increasing use of technologically advanced equipment and the use of high-speed trains can be seen as trends in the frequency converter market.
Frequency Converter Market: Segmentation
Frequency Converter Market Segment by Type:
• Rotary frequency converter
• Static frequency converter
Frequency Converter Market Segmentation by End-User:
• Power
• Oil gasoline
• Maritime/Ocean Market
• Aerospace
• Traction
Frequency Converter Market: A Regional Perspective
Europe holds a significant share of the powertrain market, followed by North America and Asia Pacific. Increasing demand from some sectors such as aerospace, defense, oil, gas, etc. has contributed to the growth of the AC drive market. Additionally, infrastructure growth, industrialization and upgrading in some regions such as Western and Eastern Europe are expected to boost the powertrain market over the forecast period. Also, comparatively high growth of this market is expected in some countries such as UK and Germany.
Growing awareness of reducing air and noise pollution is expected to increase market share in some developing countries such as India and South Africa.3
The Asia Pacific region and the emerging economies of the Middle East and Africa present productive market opportunities for powertrain manufacturers.
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Frequency Converter Market: Market Participants
Examples of identified propulsion market participants along the value chain include 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 and Power Systems & Controls Inc.
The research report represents a comprehensive assessment of the market and contains detailed information, facts, historical data as well as statistically supported and industry-validated market data. It also includes projections using appropriate assumptions and methods. The research report provides analysis and information by market segments such as geography, application, and industry.
Reports include exhaust gas analysis for:
• Market segment
• Market dynamics
• Historical actual market size, 2012-2014
• Market size and forecast from 2015 to 2024
• Value chain of supply and demand
• Current market trends/issues/challenges
• Competition and related companies
• Technology
• Value chain
Regional analysis includes:
• North America
• Latin America
• Europe
• Asia Pacific and Japan
• Middle East and Africa
This report is a compilation of first-hand information from industry analysts, qualitative and quantitative assessments, and input from industry experts and industry participants across the value chain.
The report provides an in-depth analysis of key market trends, macroeconomic indicators and driving factors, and segment-based market attractiveness. The report also maps the qualitative impact of various market factors across market segments and geographies.
Report highlights:
• Detailed overview of the top markets
• Changed market dynamics of the industry.
• Deep market segmentation
• Historical, current and forecast market size in terms of volume and value
• Current industry trends and developments
• Competitive landscape
• Strategies of major players and products provided
• Potential and niche segments, promising areas for growth
• A neutral view of market performance
• Essential information for market participants to maintain and improve their market position
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