The pandemic continues to cause unprecedented disruption across industries worldwide.
Get detailed insights regarding the impact of COVID-19 on the market.
The Europe frequency converter market is currently witnessing moderate growth. A frequency converter, also known as frequency changer, refers to electromechanical equipment used to change the frequency of alternating current (AC). It transforms fixed-rate and voltage sinewave or line power into a variable frequency and voltage output. This power conversion device uses a combination of semiconductors and diodes to facilitate proper frequency change. It also manipulates the speed, torque, and processes the temperature without using a separate controller. In Europe, frequency converters have gained traction as they are low cost and do not require additional throttle valves and dampers. They also reduce the electrical and mechanical stress on the machine and its sub-components.
Europe represents one of the largest markets for frequency converters in the world. The market is primarily driven by the European Union's new motor efficiency regulation, the premium efficiency stage, or IE3. This has been mandated by Regulation 640/2009 for all-electric motors, resulting in the shift toward higher efficiency standards that requires the use of frequency converters. Besides this, the rising usage of frequency converters in industrial applications is also contributing to the market growth. Furthermore, the increasing offshore windmill installations, especially in Northern Europe, in the North Sea, the Irish Sea, Baltic Sea, and the English Channel, have increased the demand for the product. Looking forward, the market is expected to continue its moderate growth during the forecast period (2020-2025).
IMARC Group provides an analysis of the key trends in each sub-segment of the Europe frequency converter market report, along with forecasts for growth at the region level from 2020-2025. Our report has categorized the market based on region, type and end use industry.
Breakup by Type:
Breakup by End Use Industry:
Breakup by Country:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
REACH OUT TO US
Call us on
( US: +1-631-791-1145 )
( UK: +44-753-713-2163 )
( India: +91 120 433 0800 )
Drop us an email at