The ‘Global Frequency Converter Market Price, Size, Share, Trends, Growth, Analysis, Research, Report and Forecast 2022-2027’ by Expert Market Research gives an extensive outlook of the global frequency converter market, assessing the market on the basis of its segments like types, end uses, and major regions.
The report studies the latest updates in the market, along with their impact across the market. It also analysis the market demand, together with its price and demand indicators. The report also tracks the market on the bases of SWOT and Porter’s Five Forces Models.
Get a Free Sample Report with Table of Contents@ https://www.expertmarketresearch.com/reports/frequency-converter-market/requestsample
Frequency Converter Market Size, Share, Trends, Industry Report, Key Player, Major Segments, and Forecast
The key highlights of the report include:
Market Overview (2017-2027)
• Forecast CAGR (2022-2027): 9%
| Report Attribute | Details |
| Historical Period | 2017-2021 |
| Forecast Period | 2022-2027 |
| Base Year | 2020 |
| Market Size in 2020 | USD 20.2 billion |
| Revenue Forecast in 2026 | USD 34 billion |
| Growth Rate CAGR | 9% |
| Major Players | General Electric, ABB Ltd, Georator Corporation, NR Electric Co., Ltd., Avionic Instruments, LLC, Siemens Aktiengesellschaft, Kgs Electronics, Power Systems & Controls, Inc., and Sinepower, among others. |
The increasing applications of both rotary frequency converters and static frequency converters in the aerospace and defence sector is driving the global market for frequency converters. Frequency converters can operate in extreme environments while reducing the level of pollution and noise. They also provide savings on the consumption of aircraft fuel which is a major advantage of the product. Hence, the growing expansion of the aerospace and defence industry by sovereign military powers is fuelling the frequency converter market.
The growing deployment of frequency converters in the offshore oil and gas industry is further supplementing market growth. Frequency converters offer stable and reliable power to oil and gas operations in the most hostile zones such as deserts and tundra. Hence, the flourishing oil and gas industry and anticipated increase in demand for crude oil are likely to generate a significant demand for frequency converters in the forecast period.
Geographically, Europe holds a significant share in the market due to the rising requirement of oil and gas, and aerospace and defence from strong economies such as Germany and France. In addition, factors such as rising military expenditure, rapid industrialisation in developing countries, and growing urbanisation are positively influencing the frequency converter market.
Frequency Converter Industry Definition and Major Segments
A frequency converter is a type of electronic device which converts a current of a particular frequency to a different current with another frequency. The value of voltage remains the same throughout the conversion process. For example, a fan running at a certain speed at 50 Hz current, can run faster using a frequency converter which can alter the current at a consistent voltage.
Read Full Report with Table of Contents@ https://www.expertmarketresearch.com/reports/frequency-converter-market
Based on type, the market can be segmented into:
• Static Frequency Converter
• Rotary Frequency Converter
By end use, the market can be divided into:
• Aerospace and Defence
• Power and Energy
• Oil and Gas
• Traction
• Marine/Offshore
• Process Industry
• Others
On the basis of region, the market can be categorised into:
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa
Frequency Converter Market Trends
The key trends in the frequency converter market include technological advancements in various end use industries of the product including power and energy, marine, and defence, among others. Meanwhile, the stringent regulations of the government to curb the emission of greenhouse gases and industrial pollution are further encouraging the demand for frequency converters.
Rising investments supporting innovations for advanced frequency converters with superior design, high reliability, and greater performance, are crucial trends propelling the demand for the frequency converter market. Systems with inbuilt failsafe features are also a relevant trend in the market, due to the enhanced safety of such systems.
Furthermore, the increasing penetration of frequency converters in households due to the increasing adoption of high-end electronic devices is likely to bolster the market growth in the coming years.
Key Market Players
The major players in the frequency converter market report are
- General Electric
- ABB Ltd
- Georator Corporation
- NR Electric Co., Ltd.
- Avionic Instruments, LLC
- Siemens Aktiengesellschaft
- Kgs Electronics
- Power Systems & Controls, Inc.
- Sinepower
- Others
The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
About Us:
Expert Market Research (EMR) is leading market research company with clients across the globe. Through comprehensive data collection and skillful analysis and interpretation of data, the company offers its clients extensive, latest, and actionable market intelligence which enables them to make informed and intelligent decisions and strengthen their position in the market. The clientele ranges from Fortune 1000 companies to small and medium scale enterprises.
EMR customises syndicated reports according to clients’ requirements and expectations. The company is active across over 15 prominent industry domains, including food and beverages, chemicals and materials, technology and media, consumer goods, packaging, agriculture, and pharmaceuticals, among others.
Over 3000 EMR consultants and more than 100 analysts work very hard to ensure that clients get only the most updated, relevant, accurate and actionable industry intelligence so that they may formulate informed, effective and intelligent business strategies and ensure their leadership in the market.
Media Contact:
Company Name: Claight Corporation
Contact Person: Elena Jones, Corporate Sales Specialist – U.S.A.
Email: sales@expertmarketresearch.com
Toll Free Number: +1-415-325-5166 | +44-702-402-5790
Address: 30 North Gould Street, Sheridan, WY 82801, USA
Website: https://www.expertmarketresearch.com
0 Comments:
Post a Comment