Frequency Converter Market size is expected to reach US$ 50.36 Bn. by 2030, growing at a CAGR of 8.06% during the forecast period. The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.To know about the Research Methodology :- Request Free Sample Report
Frequency Converter Market Dynamics
Growing demand for frequency converters in defense, aviation, industrial automation, and oil & gas sector is a major factor driving growth of the global frequency converter market. Additionally, up gradation of infrastructure in industrial sector is another factor supporting the growth of the global market. Moreover, rising use of frequency converters in power generation plants is a factor anticipated to support growth of global market. Also, growing demand for electrical equipment’s can create high revenue opportunities for prominent players in the market. Nevertheless, different electricity standards in several countries is a factor that may hamper growth of global frequency converter market.Frequency Converter Market Segment Analysis
Based on type segment, static frequency converter is a device which varies the frequency of the input signal according to input set point and consists of solid switching devices which act according to the input control signal. Static frequency converters have less installation charge and occupy lesser space. Rotary frequency converters were used for conversion of AC current into DC current before the arrival of solid state power rectification and inverting.
Regional Insights
Geographically, because of increasing developments in the automotive industry, the frequency converter market is anticipated to expand in Asia Pacific at a significant pace. Presently, Europe dominates the global market caused by extensive investments in countries such as Germany, France, and the United Kingdom in the development of aerospace & defense, manufacturing, energy infrastructures, and marine/offshore. The second leading market across the globe is North America. Report has been compiled through comprehensive primary analysis (through interviews, surveys, and observations of seasoned analysts) and secondary analysis (which entails reputable paid sources, trade journals, and trade body databases). The report also features a widespread qualitative and quantitative valuation by analyzing data gathered from industry analysts and market contributors across key points in the industry’s value chain. The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding global frequency converter market dynamics, structure by identifying and analyzing the market segments and project the global market size. Further, the report also focuses on the competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, SWOT analysis to address the question of shareholders to prioritizing the efforts and investment in the near future to the emerging segment in global frequency converter market.Frequency Converter Market, Key Highlights:
Global Frequency Converter Market analysis and forecast, in terms of value. Comprehensive study and analysis of market drivers, restraints and opportunities influencing the growth of the Global market Global market segmentation on the basis of type, source, end-user, and region (country-wise) has been provided. The Frequency Converter Market strategic analysis with respect to individual growth trends, future prospects along with the contribution of various sub-market stakeholders have been considered under the scope of study. Global Frequency Converter Market analysis and forecast for five major regions namely North America, Europe, Asia Pacific, the Middle East & Africa (MEA) and Latin America along with country-wise segmentation. Profiles of key industry players, their strategic perspective, market positioning and analysis of core competencies are further profiled. Competitive developments, investments, strategic expansion and competitive landscape of the key players operating in the Global Frequency Converter Market are also profiled.Scope of Global Frequency Converter Market:Inquire Before Buying
Global Frequency Converter Market Report Coverage Details Base Year: 2023 Forecast Period: 2024-2030 Historical Data: 2018 to 2023 Market Size in 2023: US $ 29.27 Bn. Forecast Period 2024 to 2030 CAGR: 8.06% Market Size in 2030: US $ 50.36 Bn. Segments Covered: by Product Static Frequency Converter Rotary Frequency Converter by Application Marine/Offshore Aerospace and Defense Traction Power & Energy and Process Industry Oil & Gas Others Frequency Converter Market, by Region
North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (Brazil, Argentina Rest of South America)Some of The Prominent Key Players in Global Frequency Converter Market Are:
1.ABB Ltd. (Switzerland) 2.Danfoss A/S (Denmark) 3.General Electric Company (U.S.) 4.Siemens AG (Germany) 5.Piller Group GmbH 6.Power Systems & Controls Inc. 7.Sinepower 8.Magnus Power Pvt. Ltd. 9.Aplab Ltd. 10.Aelco 11.Avionic Instruments LLC Corporation 12.KGS Electronics 13.NR Electric Co Ltd 14.Shenzhen 15.Sophpower 16.Georator Corporation, 17.Advance Electronic Labs 18.Corp. 19.GoHz.com 20.Shanghai Meibao Frequency Converter Co.Frequently Asked questions
1. What is the market size of the Global Frequency Converter Market in 2023? Ans. The market size Global market in 2023 was US$ 29.27 Billion. 2. What are the different segments of the Global Frequency Converter Market? Ans. The Global market is divided into Product and Application. 3. What is the study period of this market? Ans. The Global market will be studied from 2023 to 2030. 4. Which region is expected to hold the highest Global Frequency Converter Market share? Ans. The Asia Pacific dominates the market share in the market. 5. What is the Forecast Period of Global Frequency Converter Market? Ans. The Forecast Period of the market is 2024-2030 in the market.
Global Frequency Converter Market
1. Preface 1.1. Report Scope and Market Segmentation 1.2. Research Highlights 1.3. Research Objectives 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary: Global Frequency Converter Market, by Market Value (US$ Bn) 4. Market Overview 4.1. Introduction 4.2. Market Indicator 4.2.1. Drivers 4.2.2. Restraints 4.2.3. Opportunities 4.2.4. Challenges 4.3. Porter’s Analysis 4.4. Value Chain Analysis 4.5. Market Risk Analysis 4.6. SWOT Analysis 4.7. Global Frequency Converter Market Industry Trends 4.8. Global Frequency Converter Market Competitive Landscape 5. Supply Side and Demand Side Indicators 6. Global Frequency Converter Market Analysis and Forecast 6.1. Global Frequency Converter Market Size & Y-o-Y Growth Analysis 6.1.1. North America 6.1.2. Europe 6.1.3. Asia Pacific 6.1.4. Middle East & Africa 6.1.5. South America 7. Global Frequency Converter Market Analysis and Forecast, by Type 7.1. Introduction and Definition 7.2. Key Findings 7.3. Global Frequency Converter Market Value Share Analysis, by Type 7.4. Global Frequency Converter Market Size (US$ Bn) Forecast, by Type 7.5. Global Frequency Converter Market Analysis, by Type 7.6. Global Frequency Converter Market Attractiveness Analysis, by Type 8. Global Frequency Converter Market Analysis and Forecast, by Application 8.1. Introduction and Definition 8.2. Key Findings 8.3. Global Frequency Converter Market Value Share Analysis, by Application 8.4. Global Frequency Converter Market Size (US$ Bn) Forecast, by Application 8.5. Global Frequency Converter Market Analysis, by Application 8.6. Global Frequency Converter Market Attractiveness Analysis, by Application 9. Global Frequency Converter Market Analysis, by Region 9.1. Global Frequency Converter Market Value Share Analysis, by Region 9.2. Global Frequency Converter Market Size (US$ Bn) Forecast, by Region 9.3. Global Frequency Converter Market Attractiveness Analysis, by Region 10. North America Frequency Converter Market Analysis 10.1. Key Findings 10.2. North America Frequency Converter Market Overview 10.3. North America Frequency Converter Market Value Share Analysis, by Type 10.4. North America Frequency Converter Market Forecast, by Type 10.4.1. Static Frequency Converter 10.4.2. Rotary Frequency Converter 10.5. North America Frequency Converter Market Value Share Analysis, by Application 10.6. North America Frequency Converter Market Forecast, by Application 10.6.1. Marine/Offshore 10.6.2. Aerospace and Defense 10.6.3. Traction 10.6.4. Power & Energy and Process Industry 10.6.5. Oil & Gas 10.6.6. Others 10.7. North America Frequency Converter Market Value Share Analysis, by Country 10.8. North America Frequency Converter Market Forecast, by Country 10.8.1. U.S. 10.8.2. Canada 10.9. North America Frequency Converter Market Analysis, by Country 10.10. U.S. Frequency Converter Market Forecast, by Type 10.10.1. Static Frequency Converter 10.10.2. Rotary Frequency Converter 10.11. U.S. Frequency Converter Market Forecast, by Application 10.11.1. Marine/Offshore 10.11.2. Aerospace and Defense 10.11.3. Traction 10.11.4. Power & Energy and Process Industry 10.11.5. Oil & Gas 10.11.6. Others 10.12. Canada Frequency Converter Market Forecast, by Type 10.12.1. Static Frequency Converter 10.12.2. Rotary Frequency Converter 10.13. Canada Frequency Converter Market Forecast, by Application 10.13.1. Marine/Offshore 10.13.2. Aerospace and Defense 10.13.3. Traction 10.13.4. Power & Energy and Process Industry 10.13.5. Oil & Gas 10.13.6. Others 10.14. North America Frequency Converter Market Attractiveness Analysis 10.14.1. By Type 10.14.2. By Application 10.15. PEST Analysis 10.16. Key Trends 10.17. Key Development 11. Europe Frequency Converter Market Analysis 11.1. Key Findings 11.2. Europe Frequency Converter Market Overview 11.3. Europe Frequency Converter Market Value Share Analysis, by Type 11.4. Europe Frequency Converter Market Forecast, by Type 11.4.1. Static Frequency Converter 11.4.2. Rotary Frequency Converter 11.5. Europe Frequency Converter Market Value Share Analysis, by Application 11.6. Europe Frequency Converter Market Forecast, by Application 11.6.1. Marine/Offshore 11.6.2. Aerospace and Defense 11.6.3. Traction 11.6.4. Power & Energy and Process Industry 11.6.5. Oil & Gas 11.6.6. Others 11.7. Europe Frequency Converter Market Value Share Analysis, by Country 11.8. Europe Frequency Converter Market Forecast, by Country 11.8.1. Germany 11.8.2. U.K. 11.8.3. France 11.8.4. Italy 11.8.5. Spain 11.8.6. Rest of Europe 11.9. Europe Frequency Converter Market Analysis, by Country 11.10. Germany Frequency Converter Market Forecast, by Type 11.10.1. Static Frequency Converter 11.10.2. Rotary Frequency Converter 11.11. Germany Frequency Converter Market Forecast, by Application 11.11.1. Marine/Offshore 11.11.2. Aerospace and Defense 11.11.3. Traction 11.11.4. Power & Energy and Process Industry 11.11.5. Oil & Gas 11.11.6. Others 11.12. U.K. Frequency Converter Market Forecast, by Type 11.12.1. Static Frequency Converter 11.12.2. Rotary Frequency Converter 11.13. U.K. Frequency Converter Market Forecast, by Application 11.13.1. Marine/Offshore 11.13.2. Aerospace and Defense 11.13.3. Traction 11.13.4. Power & Energy and Process Industry 11.13.5. Oil & Gas 11.13.6. Others 11.14. France Frequency Converter Market Forecast, by Type 11.14.1. Static Frequency Converter 11.14.2. Rotary Frequency Converter 11.15. France Frequency Converter Market Forecast, by Application 11.15.1. Marine/Offshore 11.15.2. Aerospace and Defense 11.15.3. Traction 11.15.4. Power & Energy and Process Industry 11.15.5. Oil & Gas 11.15.6. Others 11.16. Italy Frequency Converter Market Forecast, by Type 11.16.1. Static Frequency Converter 11.16.2. Rotary Frequency Converter 11.17. Italy Frequency Converter Market Forecast, by Application 11.17.1. Marine/Offshore 11.17.2. Aerospace and Defense 11.17.3. Traction 11.17.4. Power & Energy and Process Industry 11.17.5. Oil & Gas 11.17.6. Others 11.18. Spain Frequency Converter Market Forecast, by Type 11.18.1. Static Frequency Converter 11.18.2. Rotary Frequency Converter 11.19. Spain Frequency Converter Market Forecast, by Application 11.19.1. Marine/Offshore 11.19.2. Aerospace and Defense 11.19.3. Traction 11.19.4. Power & Energy and Process Industry 11.19.5. Oil & Gas 11.19.6. Others 11.20. Rest of Europe Frequency Converter Market Forecast, by Type 11.20.1. Static Frequency Converter 11.20.2. Rotary Frequency Converter 11.21. Rest of Europe Frequency Converter Market Forecast, by Application 11.21.1. Marine/Offshore 11.21.2. Aerospace and Defense 11.21.3. Traction 11.21.4. Power & Energy and Process Industry 11.21.5. Oil & Gas 11.21.6. Others 11.22. Europe Frequency Converter Market Attractiveness Analysis 11.22.1. By Type 11.22.2. By Application 11.23. PEST Analysis 11.24. Key Trends 11.25. Key Development 12. Asia Pacific Frequency Converter Market Analysis 12.1. Key Findings 12.2. Asia Pacific Frequency Converter Market Overview 12.3. Asia Pacific Frequency Converter Market Value Share Analysis, by Type 12.4. Asia Pacific Frequency Converter Market Forecast, by Type 12.4.1. Static Frequency Converter 12.4.2. Rotary Frequency Converter 12.5. Asia Pacific Frequency Converter Market Value Share Analysis, by Application 12.6. Asia Pacific Frequency Converter Market Forecast, by Application 12.6.1. Marine/Offshore 12.6.2. Aerospace and Defense 12.6.3. Traction 12.6.4. Power & Energy and Process Industry 12.6.5. Oil & Gas 12.6.6. Others 12.7. Asia Pacific Frequency Converter Market Value Share Analysis, by Country 12.8. Asia Pacific Frequency Converter Market Forecast, by Country 12.8.1. China 12.8.2. India 12.8.3. Japan 12.8.4. ASEAN 12.8.5. Rest of Asia Pacific 12.9. Asia Pacific Frequency Converter Market Analysis, by Country 12.10. China Frequency Converter Market Forecast, by Type 12.10.1. Static Frequency Converter 12.10.2. Rotary Frequency Converter 12.11. China Frequency Converter Market Forecast, by Application 12.11.1. Marine/Offshore 12.11.2. Aerospace and Defense 12.11.3. Traction 12.11.4. Power & Energy and Process Industry 12.11.5. Oil & Gas 12.11.6. Others 12.12. India Frequency Converter Market Forecast, by Type 12.12.1. Static Frequency Converter 12.12.2. Rotary Frequency Converter 12.13. India Frequency Converter Market Forecast, by Application 12.13.1. Marine/Offshore 12.13.2. Aerospace and Defense 12.13.3. Traction 12.13.4. Power & Energy and Process Industry 12.13.5. Oil & Gas 12.13.6. Others 12.14. Japan Frequency Converter Market Forecast, by Type 12.14.1. Static Frequency Converter 12.14.2. Rotary Frequency Converter 12.15. Japan Frequency Converter Market Forecast, by Application 12.15.1. Marine/Offshore 12.15.2. Aerospace and Defense 12.15.3. Traction 12.15.4. Power & Energy and Process Industry 12.15.5. Oil & Gas 12.15.6. Others 12.16. ASEAN Frequency Converter Market Forecast, by Type 12.16.1. Static Frequency Converter 12.16.2. Rotary Frequency Converter 12.17. ASEAN Frequency Converter Market Forecast, by Application 12.17.1. Marine/Offshore 12.17.2. Aerospace and Defense 12.17.3. Traction 12.17.4. Power & Energy and Process Industry 12.17.5. Oil & Gas 12.17.6. Others 12.18. Rest of Asia Pacific Frequency Converter Market Forecast, by Type 12.18.1. Static Frequency Converter 12.18.2. Rotary Frequency Converter 12.19. Rest of Asia Pacific Frequency Converter Market Forecast, by Application 12.19.1. Marine/Offshore 12.19.2. Aerospace and Defense 12.19.3. Traction 12.19.4. Power & Energy and Process Industry 12.19.5. Oil & Gas 12.19.6. Others 12.20. Asia Pacific Frequency Converter Market Attractiveness Analysis 12.20.1. By Type 12.20.2. By Application 12.21. PEST Analysis 12.22. Key Trends 12.23. Key Development 13. Middle East & Africa Frequency Converter Market Analysis 13.1. Key Findings 13.2. Middle East & Africa Frequency Converter Market Overview 13.3. Middle East & Africa Frequency Converter Market Value Share Analysis, by Type 13.4. Middle East & Africa Frequency Converter Market Forecast, by Type 13.4.1. Static Frequency Converter 13.4.2. Rotary Frequency Converter 13.5. Middle East & Africa Frequency Converter Market Value Share Analysis, by Application 13.6. Middle East & Africa Frequency Converter Market Forecast, by Application 13.6.1. Marine/Offshore 13.6.2. Aerospace and Defense 13.6.3. Traction 13.6.4. Power & Energy and Process Industry 13.6.5. Oil & Gas 13.6.6. Others 13.7. Middle East & Africa Frequency Converter Market Value Share Analysis, by Country 13.8. Middle East & Africa Frequency Converter Market Forecast, by Country 13.8.1. GCC 13.8.2. South Africa 13.8.3. Rest of Middle East & Africa 13.9. Middle East & Africa Frequency Converter Market Analysis, by Country 13.10. GCC Frequency Converter Market Forecast, by Type 13.10.1. Static Frequency Converter 13.10.2. Rotary Frequency Converter 13.11. GCC Frequency Converter Market Forecast, by Application 13.11.1. Marine/Offshore 13.11.2. Aerospace and Defense 13.11.3. Traction 13.11.4. Power & Energy and Process Industry 13.11.5. Oil & Gas 13.11.6. Others 13.12. South Africa Frequency Converter Market Forecast, by Type 13.12.1. Static Frequency Converter 13.12.2. Rotary Frequency Converter 13.13. South Africa Frequency Converter Market Forecast, by Application 13.13.1. Marine/Offshore 13.13.2. Aerospace and Defense 13.13.3. Traction 13.13.4. Power & Energy and Process Industry 13.13.5. Oil & Gas 13.13.6. Others 13.14. Rest of Middle East & Africa Frequency Converter Market Forecast, by Type 13.14.1. Static Frequency Converter 13.14.2. Rotary Frequency Converter 13.15. Rest of Middle East & Africa Frequency Converter Market Forecast, by Application 13.15.1. Marine/Offshore 13.15.2. Aerospace and Defense 13.15.3. Traction 13.15.4. Power & Energy and Process Industry 13.15.5. Oil & Gas 13.15.6. Others 13.16. Middle East & Africa Frequency Converter Market Attractiveness Analysis 13.16.1. By Type 13.16.2. By Application 13.17. PEST Analysis 13.18. Key Trends 13.19. Key Development 14. South America Frequency Converter Market Analysis 14.1. Key Findings 14.2. South America Frequency Converter Market Overview 14.3. South America Frequency Converter Market Value Share Analysis, by Type 14.4. South America Frequency Converter Market Forecast, by Type 14.4.1. Static Frequency Converter 14.4.2. Rotary Frequency Converter 14.5. South America Frequency Converter Market Value Share Analysis, by Application 14.6. South America Frequency Converter Market Forecast, by Application 14.6.1. Marine/Offshore 14.6.2. Aerospace and Defense 14.6.3. Traction 14.6.4. Power & Energy and Process Industry 14.6.5. Oil & Gas 14.6.6. Others 14.7. South America Frequency Converter Market Value Share Analysis, by Country 14.8. South America Frequency Converter Market Forecast, by Country 14.8.1. Brazil 14.8.2. Mexico 14.8.3. Rest of South America 14.9. South America Frequency Converter Market Analysis, by Country 14.10. Brazil Frequency Converter Market Forecast, by Type 14.10.1. Static Frequency Converter 14.10.2. Rotary Frequency Converter 14.11. Brazil Frequency Converter Market Forecast, by Application 14.11.1. Marine/Offshore 14.11.2. Aerospace and Defense 14.11.3. Traction 14.11.4. Power & Energy and Process Industry 14.11.5. Oil & Gas 14.11.6. Others 14.12. Mexico Frequency Converter Market Forecast, by Type 14.12.1. Static Frequency Converter 14.12.2. Rotary Frequency Converter 14.13. Mexico Frequency Converter Market Forecast, by Application 14.13.1. Marine/Offshore 14.13.2. Aerospace and Defense 14.13.3. Traction 14.13.4. Power & Energy and Process Industry 14.13.5. Oil & Gas 14.13.6. Others 14.14. Rest of South America Frequency Converter Market Forecast, by Type 14.14.1. Static Frequency Converter 14.14.2. Rotary Frequency Converter 14.15. Rest of South America Frequency Converter Market Forecast, by Application 14.15.1. Marine/Offshore 14.15.2. Aerospace and Defense 14.15.3. Traction 14.15.4. Power & Energy and Process Industry 14.15.5. Oil & Gas 14.15.6. Others 14.16. South America Frequency Converter Market Attractiveness Analysis 14.16.1. By Type 14.16.2. By Application 14.17. PEST Analysis 14.18. Key Trends 14.19. Key Development 15. Company Profiles 15.1. Market Share Analysis, by Company 15.2. Competition Matrix 15.2.1. Competitive Benchmarking of key players by price, presence, market share, Applications and R&D investment 15.2.2. New Product Launches and Product Enhancements 15.2.3. Market Consolidation 15.2.3.1. M&A by Regions, Investment and Applications 15.2.3.2. M&A Key Players, Forward Integration and Backward 15.2.3.3. Integration 15.3. Company Profiles: Key Players 15.3.1. ABB Ltd. (Switzerland) 15.3.1.1. Company Overview 15.3.1.2. Financial Overview 15.3.1.3. Product Portfolio 15.3.1.4. Business Strategy 15.3.1.5. Recent Developments 15.3.1.6. Company Footprint 15.3.2. Danfoss A/S (Denmark) 15.3.3. General Electric Company (U.S.) 15.3.4. Siemens AG (Germany) 15.3.5. Piller Group GmbH 15.3.6. Power Systems & Controls Inc. 15.3.7. Sinepower 15.3.8. Magnus Power Pvt. Ltd. 15.3.9. Aplab Ltd. 15.3.10. Aelco 15.3.11. Avionic Instruments LLC Corporation 15.3.12. KGS Electronics 15.3.13. NR Electric Co Ltd 15.3.13. Shenzhen 15.3.13.Sophpower 15.3.13.Georator Corporation, 15.3.13.Advance Electronic Labs 15.3.13.Corp. 15.3.13.GoHz.com 15.3.13.Shanghai Meibao Frequency Converter Co. 16. Primary Key Insights