The global Frequency Converter market was valued at US$ 8343.2 million in 2019 and it is expected to reach US$ 12220 million by the end of 2026, growing at a CAGR of 7.3% during 2021-2026.
A frequency converter, also known as a power frequency changer, is a device that takes incoming power, normally 50 or 60 Hz and converts it to 400 Hz output power. Different types of power frequency converters exist, specifically, there are both rotary frequency converters and static frequency converters.
Of the manufactures, ABB, Siemens, General Electric, Danfoss, Piller, NR Electric, Avionic Instruments, Power System & Controlm, etc. captured the major market share spots in the Frequency Converter market in 2019. ABB dominated with over 20% revenue share, followed by Siemens with about 18% and GE with 14%. Europe is the largest production region, with a production volume market share about 30% in 2019. Following Europe, North America is the second largest production region with the production market share of nearly 30%.
Global Frequency Converter Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Frequency Converter Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027.
Key Companies profiled in this report are ABB, Siemens, General Electric, Danfoss, Piller, NR Electric, Avionic Instruments, Power System & Control, KGS Electronics, Sinepower, Nova Electric, EMZ, Georat Aplab and more in terms of market share by sales, revenue, average pricing, product type, margins, recent developments etc.
Segment by Type
- Static Frequency Converter
- Rotary Frequency Converter
Segment by Application
- Power and Energy
- Process Industry
- Naval and Marine
Table of Content:
1 Frequency Converter Market Overview
2 Market Competition by Manufacturers
3 Production and Capacity by Region
4 Global Frequency Converter Consumption by Region
5 Production, Revenue, Price Trend by Type
6 Consumption Analysis by Application
7 Key Companies Profiled
8 Frequency Converter Manufacturing Cost Analysis
9 Marketing Channel, Distributors and Customers
10 Market Dynamics
11 Production and Supply Forecast
12 Consumption and Demand Forecast
13 Forecast by Type and by Application (2022-2027)
14 Research Finding and Conclusion
15 Methodology and Data Source
Company Name: The Market Reports
Contact Person: Shirish Gupta
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