New Research Report Shares Details about the Global Frequency Converter Market Gearing up to Grow during 2017-2023

Frequency Converter Market by Type (Static and Rotary), by End-User (Aerospace & Defense, Power & Energy, Process Industry, Traction, Oil & Gas, and Marine/Offshore), Region (North America, Europe, Asia-Pacific and Rest of World) - Global Forecast to 2023

PUNE, India, 2017-Jun-22 — /EPR Network/ —

Market Overview and Forecast:

Frequency converters are used in industries such as aerospace and defense and process industry. The global frequency converter market is driven by the growing demand for economical systems and frequency converters in developing countries. The demand for economical devices across industries is expected to be driven by the need for better performance. Varying electrical standards of main electricity supply across geographies, international trading, and growing demand for energy-efficient frequency converters are the main driving factors of the market.

The Frequency Converter Market is Projected to grow at a CAGR of about 9% during the period 2017 to 2023.

Frequency Converter MarketKey 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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Frequency Converter Market- Scope

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.

Regional Analysis:

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.

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.

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Contact:

Akash Anand,

Market Research Future

+1 646 845 9312

Email: akash.anand@marketresearchfuture.com

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