MARKET INTRODUCTION
A frequency converter is a device that converts alternating current of one frequency to another frequency. The main advantage of the frequency converter as it improves efficiency by reducing the consumption of electricity, henceforth increasing the use of frequency converter that propels the growth of the market. Frequency converter helps to reduce the electrical and mechanical stress; additionally, it extends the life of the motor, pump, and other equipment that augmenting the growth of the frequency converter market.
MARKET DYNAMICS
The various benefits offered by the frequency converter such as low operation cost, easy start, limited torque, control ramped-up speed, and among others are rising their adoption in the several application that booming the growth of the frequency converter market. Growing electricity prices across the globe, coupled with the rising awareness about this device, is further triggering the growth of the frequency converter market. Moreover, the increasing demand for an efficient system like frequency converter is driving the growth of the frequency converter market.
MARKET SCOPE
The "Global Frequency Converter Market Analysis To 2028" is a specialized and in-depth study of the frequency converter industry with a special focus on the global market trend analysis. The report aims to provide an overview frequency converter market with detailed market segmentation by type, end-user, and geography. The global frequency converter market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading frequency converter market players and offers key trends and opportunities in the frequency converter market.
MARKET SEGMENTATION
The global frequency converter market is segmented on the basis of type, end-user. On the basis type the market is segmented as static frequency converter, rotary frequency converter. On the basis of end-user the market is segmented as aerospace and defense, energy and power, process industry, oil and gas, marine, others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global frequency converter market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The frequency converter market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting frequency converter market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the frequency converter market in these regions.
MARKET PLAYERS
The reports cover key developments in the frequency converter market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from frequency converter market are anticipated to lucrative growth opportunities in the future with the rising demand for frequency converter in the global market. Below mentioned is the list of few companies engaged in the frequency converter market.
The report also includes the profiles of key frequency converter companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- ABB
- Aplab Limited
- Danfoss
- General Electric Company
- Georator Corporation
- NOVA ELECTRIC
- Piller Power Systems
- Power Systems & Controls, Inc.
- Power Systems International
- Siemens AG
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.