As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.

Global Frequency Converter Market: By Type: Static Frequency Converter, Rotary Frequency Converter; By End Use: Aerospace and Defence, Power and Energy, Oil and Gas, Traction, Marine/Offshore; Regional Analysis; Historical Market and Forecast (2016-2026); Market Dynamics; Competitive Landscape; Industry Events and Developments

Global Frequency Converter Market Outlook

The global frequency converter market size reached a value of almost USD 20.2 billion in the year 2020. The market is further expected to grow at a CAGR of 9% between 2021 and 2026 to reach a value of almost USD 34 billion by 2026.

 

Global Frequency Converter Market

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

 

The global frequency converter market is driven by the rising demand for efficient electrical equipment. Some other factors contributing to the market growth include favourable properties of frequency converter like increasing energy savings, controlling acceleration, and removing power line disturbances.

 

Properties and Applications

Frequency converters, also known as frequency changers, are referred to as electromechanical equipment that are used to change alternating current (AC) of one frequency to another frequency. They are power conversion devices that transform into a variable voltage output and variable frequency from a voltage sine-wave power or line power and fixed frequency. It uses a combination of semiconductors and diodes to enable proper frequency change. The use of frequency converters helps minimize the maintenance costs of equipment and removes the need for extra throttle valves and dampers.

 

Frequency Converter Market by Type

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

 

On the basis of type, the market is bifurcated into static and rotary frequency converter.

On the basis of end-use, the market is segmented into:

  • Aerospace and Defence
  • Power and Energy
  • Oil and Gas
  • Traction
  • Marine/Offshore
  • Process Industry
  • Others

The report also covers the regional markets like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Frequency Converter Market by Region

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

 

Market Analysis

The global frequency converter market is driven by the increasing usage of frequency converters in the industries. In addition to this, there is an increasing demand for effective electric machinery and advanced technological equipment in developing economies. The global frequency converter market is further aided by the development of high-speed rails that use frequency converters to monitor the speed of pumps, engines, and fans. Moreover, the equipment is also being widely used in the defence and aerospace industry, where it is used to supervise the activities of refinement axes. These converters are used in the manufacturing sector to operate electrical machinery at different speeds to improve performance and overall productivity. 

The global frequency converter market is accelerated by the rising trend of offshore wind power generation. Furthermore, the growth of the market is supported by the product innovations taking place in the industry, such as the integration of advanced output filters that inhibit the common mode currents and, at the same time, convert the phase-to-phase voltage into a sinusoidal signal.

 

Competitive Landscape

The report gives a detailed analysis of the following key players in the global frequency converter market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • General Electric
  • ABB Ltd
  • Georator Corporation
  • NR Electric Co., Ltd.
  • Avionic Instruments, LLC
  • Siemens Aktiengesellschaft
  • Kgs Electronics
  • Power Systems & Controls, Inc.
  • Sinepower
  • Others

The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model along with giving a SWOT analysis.

 

REPORT FEATURES DETAILS
Base Year 2020
Historical Period 2016-2020
Forecast Period 2021-2026
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Type, End Use, Region
Breakup by Type Static Frequency Converter, Rotary Frequency Converter
Breakup by End Use Aerospace and Defence, Power and Energy, Oil and Gas, Traction, Marine/Offshore, Process Industry, Others
Breakup by Region North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Market Dynamics SWOT, Porter's Five Forces, EMR’s Key Indicators for Price and Demand
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered General Electric, ABB Ltd, Georator Corporation, NR Electric Co., Ltd., Avionic Instruments, LLC, Siemens Aktiengesellschaft, Kgs Electronics, Power Systems & Controls, Inc., Sinepower, Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global Frequency Converter Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Frequency Converter Historical Market (2016-2020) 
    8.3    Global Frequency Converter Market Forecast (2021-2026)
    8.4    Global Frequency Converter Market by Type
        8.4.1    Static Frequency Converter
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2016-2020)
            8.4.1.3    Forecast Trend (2021-2026)
        8.4.2    Rotary Frequency Converter
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2016-2020)
            8.4.2.3    Forecast Trend (2021-2026)
    8.5    Global Frequency Converter Market by End Use
        8.5.1    Aerospace and Defence
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2016-2020)
            8.5.1.3    Forecast Trend (2021-2026)
        8.5.2    Power and Energy
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2016-2020)
            8.5.2.3    Forecast Trend (2021-2026)
        8.5.3    Oil and Gas
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2016-2020)
            8.5.3.3    Forecast Trend (2021-2026)
        8.5.4    Traction
            8.5.4.1    Market Share
            8.5.4.2    Historical Trend (2016-2020)
            8.5.4.3    Forecast Trend (2021-2026)
        8.5.5    Marine/Offshore
            8.5.5.1    Market Share
            8.5.5.2    Historical Trend (2016-2020)
            8.5.5.3    Forecast Trend (2021-2026)
        8.5.6    Process Industry
            8.5.6.1    Market Share
            8.5.6.2    Historical Trend (2016-2020)
            8.5.6.3    Forecast Trend (2021-2026)
        8.5.7    Others
    8.6    Global Frequency Converter Market by Region
        8.6.1    Market Share
            8.6.1.1    North America
            8.6.1.2    Europe
            8.6.1.3    Asia Pacific
            8.6.1.4    Latin America
            8.6.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2016-2020)
        9.1.2    Forecast Trend (2021-2026)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2016-2020)
        9.2.2    Forecast Trend (2021-2026)
        9.2.3    Breakup by Country
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2016-2020)
        9.3.2    Forecast Trend (2021-2026)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2016-2020)
        9.4.2    Forecast Trend (2021-2026)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2016-2020)
        9.5.2    Forecast Trend (2021-2026)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    EMR’s Key Indicators for Demand
    10.4    EMR’s Key Indicators for Price
11    Value Chain Analysis
12    Competitive Landscape

    12.1    Market Structure
    12.2    Key Players
    12.3    Company Profiles
        12.3.1    General Electric
            12.3.1.1    Company Overview
            12.3.1.2    Product Portfolio
            12.3.1.3    Demographic Reach and Achievements
            12.3.1.4    Certifications
        12.3.2    ABB Ltd
            12.3.2.1    Company Overview
            12.3.2.2    Product Portfolio
            12.3.2.3    Demographic Reach and Achievements
            12.3.2.4    Certifications
        12.3.3    Georator Corporation
            12.3.3.1    Company Overview
            12.3.3.2    Product Portfolio
            12.3.3.3    Demographic Reach and Achievements
            12.3.3.4    Certifications
        12.3.4    NR Electric Co., Ltd.
            12.3.4.1    Company Overview
            12.3.4.2    Product Portfolio
            12.3.4.3    Demographic Reach and Achievements
            12.3.4.4    Certifications
        12.3.5    Avionic Instruments, LLC
            12.3.5.1    Company Overview
            12.3.5.2    Product Portfolio
            12.3.5.3    Demographic Reach and Achievements
            12.3.5.4    Certifications
        12.3.6    Siemens Aktiengesellschaft
            12.3.6.1    Company Overview
            12.3.6.2    Product Portfolio
            12.3.6.3    Demographic Reach and Achievements
            12.3.6.4    Certifications
        12.3.7    Kgs Electronics
            12.3.7.1    Company Overview
            12.3.7.2    Product Portfolio
            12.3.7.3    Demographic Reach and Achievements
            12.3.7.4    Certifications
        12.3.8    Power Systems & Controls, Inc.
            12.3.8.1    Company Overview
            12.3.8.2    Product Portfolio
            12.3.8.3    Demographic Reach and Achievements
            12.3.8.4    Certifications
        12.3.9    Sinepower
            12.3.9.1    Company Overview
            12.3.9.2    Product Portfolio
            12.3.9.3    Demographic Reach and Achievements
            12.3.9.4    Certifications
            12.3.10    Others
13    Industry Events and Developments


List of Figures and Tables

1.    Global Frequency Converter Market: Key Industry Highlights, 2016 and 2026
2.    Global Frequency Converter Historical Market: Breakup by Type (USD Billion), 2016-2020
3.    Global Frequency Converter Market Forecast: Breakup by Type (USD Billion), 2021-2026
4.    Global Frequency Converter Historical Market: Breakup by End Use (USD Billion), 2016-2020
5.    Global Frequency Converter Market Forecast: Breakup by End Use (USD Billion), 2021-2026
6.    Global Frequency Converter Historical Market: Breakup by Region (USD Billion), 2016-2020
7.    Global Frequency Converter Market Forecast: Breakup by Region (USD Billion), 2021-2026
8.    North America Frequency Converter Historical Market: Breakup by Country (USD Billion), 2016-2020
9.    North America Frequency Converter Market Forecast: Breakup by Country (USD Billion), 2021-2026
10.    Europe Frequency Converter Historical Market: Breakup by Country (USD Billion), 2016-2020
11.    Europe Frequency Converter Market Forecast: Breakup by Country (USD Billion), 2021-2026
12.    Asia Pacific Frequency Converter Historical Market: Breakup by Country (USD Billion), 2016-2020
13.    Asia Pacific Frequency Converter Market Forecast: Breakup by Country (USD Billion), 2021-2026
14.    Latin America Frequency Converter Historical Market: Breakup by Country (USD Billion), 2016-2020
15.    Latin America Frequency Converter Market Forecast: Breakup by Country (USD Billion), 2021-2026
16.    Middle East and Africa Frequency Converter Historical Market: Breakup by Country (USD Billion), 2016-2020
17.    Middle East and Africa Frequency Converter Market Forecast: Breakup by Country (USD Billion), 2021-2026
18.    Global Frequency Converter Market Structure

Key Questions Answered in the Report

The global frequency converter market reached a value of USD 20.2 billion in 2020. 

The market is projected to grow at a CAGR of nearly 9% in the forecast period of 2021-2026.

The market is estimated to reach a value of about USD 34 billion by 2026.

The major drivers of the industry include rising disposable incomes, increasing population, rising applications in the end-use industries, rising demand for effective electric machinery and advanced technological equipment in the developing countries, and the increased demand for efficient electrical equipment.

The rising trend of offshore wind power generation is expected to be a key trend guiding the growth of the industry.

North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa are the leading regions in the market.

Static and rotary frequency converter are the major types of the product in the market. 

The major end-use sectors in the industry include aerospace and defence, power and energy, oil and gas, traction, marine/offshore, and process industry, among others.

The leading players in the market are 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.

Analyst Review

The global frequency converter market attained a value of USD 20.2 billion in 2020, driven by the growth in the demand for efficient electrical equipment. Aided by the rising trend of offshore wind power generation, the industry is expected to witness a further growth in the forecast period of 2021-2026, growing at a CAGR of 9%. The industry is projected to reach USD 34 billion by 2026. 

EMR's meticulous research methodology delves deep into the industry, covering the macro and micro aspects of the industry. Based on its types, the global frequency converter market can be segmented into static and rotary frequency converter. On the basis of end uses, the industry can be divided into aerospace and defence, power and energy, oil and gas, traction, marine/offshore, and process industry, among others. The major regional markets are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above industry include 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.

EMR's research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition. 

Purchase Full Report

Mini Report

$1499
  • Selected Sections, One User
  • Printing Not Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Single User License

$2699
  • All Sections, One User
  • One Print Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Five User License

$3699
  • All Sections, Five Users
  • Five Prints Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Corporate License

$4699
  • All Sections, Unlimited Users
  • Unlimited Prints Allowed
  • Email Delivery in PDF + Excel
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Any Question? Speak With An Analyst

Contact Analyst

View A Sample

Request Sample

Did You Miss Anything, Ask Now

Request Customisation
Why Expert Market Research?

RIGHT PEOPLE

We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.

RIGHT METHODOLOGY

We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.

RIGHT PRICE

We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.

RIGHT SUPPORT

Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.

Similar Reports





NEWSLETTER