Press release
Frequency Converter Market Size and Industry Estimated to Rise Profitably with CAGR 9% during Forecast Period 2017-2023
Market HighlightsGrowing demand for frequency converter 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 opportunities for the frequency converter 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 market has been analyzed based on types. Static frequency converter type consists of components such as a rectifier, a DC bus or internal power storage battery, an inverter, and a control panel. Rectifiers and inverters are formed from an assembly of capacitor banks and semiconductor switches (such as GTO, power transistor, and IGBT,), along with diodes and control electronics. The other type is rotary frequency converter. It has a robust design and is mostly used in gas turbine power plants, offshore activities, and traction power supply. Although other industries also use rotary frequency converters, they prefer static frequency converters for their compact size.
Frequency Converter Market is expected to grow over the CAGR of around 9% during the period 2017 to 2023
Taste the market data and market information presented through more than 50 market data tables and figures spread in 110 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “Global Frequency Converter Market Research Report – Forecast to 2023”
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)
• Magnus Power Pvt. Ltd. (India).
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Static frequency converter are leading in all major region.
Static frequency converters are expected to grow at higher pace in developing economies of regions such as Asia-Pacific and the Middle East & Africa. As these regions are spending more on development of infrastructure such as, manufacturing & production facilities, ports, and airports. The electric equipment used in these industries need specific current frequency to run efficiently. So the need for efficient and clean process, is expected to drive the demand for frequency converters.
Growing demand for frequency converter 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 opportunities for the frequency converter 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.
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
Continue……..
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 (%)
Continue…….
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