Press release
Frequency Converter Market Key Players - Piller Group GmbH, ABB Ltd, Power Systems & Controls, Danfoss, General Electric Company
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.
Market Research Analysis
The Static frequency converters market in developing economies of Asia-Pacific and the Middle East & Africa are expected to grow at higher pace. As these regions are spending more on development of infrastructure such as, manufacturing & production facilities, ports, airports, the electric equipment used in these industries need specific current frequency to run efficiently. Need for clean and efficient process is expected to drive the demand for frequency converters.
Currently, Europe dominates the global frequency market due to extensive investments from countries such as Germany, France and United Kingdom into the development of the aerospace & defense, manufacturing, energy infrastructures and marine/offshore. The second largest market is North America.
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Scope of the Report
This study provides an overview of the global frequency converter market, tracking two market segments across four geographic regions. The report studies key players, providing a six-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next six years for each region. The scope of the study segments the global frequency converter market by its type, end user and by regions.
By Type
• Static
• Rotary
By End User
• Oil & Gas
• Aerospace & Defense
• Power & Energy
• Process Industry
• Traction
• Marine/Offshore
By Region
• North America
• Asia Pacific
• Europe
• Rest of the World
About US
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