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Frequency Converter Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024

The global frequency converter market was worth US$ 18.2 Billion in 2018. Frequency converters or frequency changers are electromechanical equipments that are used to convert alternating current (AC) of one frequency to another frequency. It is a power conversion device that transforms a fixed frequency and voltage sine-wave power or line power into a variable frequency and variable voltage output. They use a combination of semiconductors and diodes to facilitate proper frequency change. The key function is to manipulate the speed, torque and process temperature without using a separate controller and reduce the electric and mechanical stress on the equipment and its sub-components. It minimizes the maintenance costs of equipment and eliminates the need for additional throttle valves and dampers.

Global Frequency Converter Market Report

Rising industrial usage of frequency converters is one of the key factors driving their market growth. There is an increasing demand for efficient electric machinery and technologically advanced equipment in the developing countries. The development of high-speed rails that require frequency converters to control the speed of engines, pumps and fans are further catalyzing the growth of the market. Furthermore, the equipment is also being extensively used in the aerospace and defense industry where it is used for monitoring the activities of refinement axes. In the manufacturing sector, these converters are used to operate electrical machinery at varying speeds to enhance performance and overall productivity. Additionally, with the increasing trend of offshore wind power generation, the demand for the product has significantly grown. Moreover, product innovations such as the integration of advanced output filters that dampen the common mode currents and simultaneously change the phase-to-phase voltage into a sinusoidal signal are also contributing to the growth of the market. Looking forward, IMARC Group expects the market to reach a value of US$ 29.7 Billion by 2024, registering a CAGR of 8.5% during 2019-2024.

Report Coverage:

  • Historical, Current and Future Market Trends
     
  • Market Breakup by Type:
    • Static Frequency Converter 
    • Rotary Frequency Converter
       
  • Market Breakup by End Use Industry:
    • Aerospace and Defense
    • Power and Energy
    • Oil and Gas
    • Traction
    • Marine/Offshore
    • Process Industry
    • Others
       
  • Market Breakup by Region:
    • Europe
    • North America
    • Asia Pacific
    • Middle East and Africa
    • Latin America
       

Competitive Landscape:

The report has also analysed the competitive landscape of the market with some of the key players being ABB Ltd, General Electric Company, Aplab, Siemens, Danfoss, Magnus Power, Georator Corporation, Aelco, Piller, NR Electric, KGS Electronics, Avionic Instruments, Power System & Control, Sinepower, etc.

Key Questions Answered in This Report:

  • How has the global frequency converter market performed so far and how will it perform in the coming years?
  • What are the key regional markets in the global frequency converter industry?
  • What is the breakup of the market based on the type?
  • What is the breakup of the market based on the end use industry?
  • What are the various stages in the value chain of the global frequency converter industry?
  • What are the key driving factors and challenges in the global frequency converter industry?
  • What is the structure of the global frequency converter industry and who are the key players?
  • What is the degree of competition in the global frequency converter industry?

1    Preface
2    Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction

    4.1    Overview
    4.2    Key Industry Trends
5    Global Frequency Converter Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Market Breakup by Type
    5.4    Market Breakup by Use Industry
    5.5    Market Breakup by Region
    5.6    Market Forecast
6    Market Breakup by Type
    6.1    Static Frequency Converter
        6.1.1    Market Trends
        6.1.2    Market Forecast
    6.2    Rotary Frequency Converter
        6.2.1    Market Trends
        6.2.2    Market Forecast
7    Market Breakup by End Use Industry
    7.1    Aerospace and Defense
        7.1.1    Market Trends
        7.1.2    Market Forecast
    7.2    Power and Energy
        7.2.1    Market Trends
        7.2.2    Market Forecast
    7.3    Oil and Gas
        7.3.1    Market Trends
        7.3.2    Market Forecast
    7.4    Traction
        7.4.1    Market Trends
        7.4.2    Market Forecast
    7.5    Marine/Offshore
        7.5.1    Market Trends
        7.5.2    Market Forecast
    7.6    Process Industry
        7.6.1    Market Trends
        7.6.2    Market Forecast
    7.7    Others
        7.7.1    Market Trends
        7.7.2    Market Forecast
8    Market Breakup by Region
    8.1    Europe
        8.1.1    Market Trends
        8.1.2    Market Forecast
    8.2    North America
        8.2.1    Market Trends
        8.2.2    Market Forecast
    8.3    Asia Pacific
        8.3.1    Market Trends
        8.3.2    Market Forecast
    8.4    Middle East and Africa
        8.4.1    Market Trends
        8.4.2    Market Forecast
    8.5    Latin America
        8.5.1    Market Trends
        8.5.2    Market Forecast
9    SWOT Analysis
    9.1    Overview
    9.2    Strengths
    9.3    Weaknesses
    9.4    Opportunities
    9.5    Threats
10    Value Chain Analysis
11    Porter’s Five Forces Analysis

    11.1    Overview
    11.2    Bargaining Power of Buyers
    11.3    Bargaining Power of Suppliers
    11.4    Degree of Competition
    11.5    Threat of New Entrants
    11.6    Threat of Substitutes
12    Price Analysis
13    Competitive Landscape

    13.1    Market Structure
    13.2    Key Players
    13.3    Profiles of Key Players
        13.3.1    ABB Ltd
        13.3.2    General Electric Company
        13.3.3    Aplab
        13.3.4    Siemens
        13.3.5    Danfoss
        13.3.6    Magnus Power 
        13.3.7    Georator Corporation 
        13.3.8    Aelco 
        13.3.9    Piller 
        13.3.10     NR Electric 
        13.3.11     KGS Electronics 
        13.3.12     Avionic Instruments 
        13.3.13     Power System & Control 
        13.3.14     Sinepower  

List of Figures

Figure 1: Global: Frequency Converter Market: Major Drivers and Challenges
Figure 2: Global: Frequency Converter Market: Sales Value (in Billion US$), 2013-2018
Figure 3: Global: Frequency Converter Market: Breakup by Type (in %), 2018
Figure 4: Global: Frequency Converter Market: Breakup by End Use Industry (in %), 2018
Figure 5: Global: Frequency Converter Market: Breakup by Region (in %), 2018
Figure 6: Global: Frequency Converter Market Forecast: Sales Value (in Billion US$), 2019-2024
Figure 7: Global: Frequency Converter Industry: SWOT Analysis
Figure 8: Global: Frequency Converter Industry: Value Chain Analysis
Figure 9: Global: Frequency Converter Industry: Porter’s Five Forces Analysis
Figure 10: Global: Frequency Converter (Static) Market: Sales Value (in Million US$), 2013 & 2018
Figure 11: Global: Frequency Converter (Static) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 12: Global: Frequency Converter (Rotary) Market: Sales Value (in Million US$), 2013 & 2018
Figure 13: Global: Frequency Converter (Rotary) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 14: Global: Frequency Converter (Aerospace and Defense) Market: Sales Value (in Million US$), 2013 & 2018
Figure 15: Global: Frequency Converter (Aerospace and Defense) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 16: Global: Frequency Converter (Power and Energy) Market: Sales Value (in Million US$), 2013 & 2018
Figure 17: Global: Frequency Converter (Power and Energy) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 18: Global: Frequency Converter (Oil and Gas) Market: Sales Value (in Million US$), 2013 & 2018
Figure 19: Global: Frequency Converter (Oil and Gas) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 20: Global: Frequency Converter (Traction) Market: Sales Value (in Million US$), 2013 & 2018
Figure 21: Global: Frequency Converter (Traction) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 22: Global: Frequency Converter (Marine/Offshore) Market: Sales Value (in Million US$), 2013 & 2018
Figure 23: Global: Frequency Converter (Marine/Offshore) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 24: Global: Frequency Converter (Process Industry) Market: Sales Value (in Million US$), 2013 & 2018
Figure 25: Global: Frequency Converter (Process Industry) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 26: Global: Frequency Converter (Other End Use Industries) Market: Sales Value (in Million US$), 2013 & 2018
Figure 27: Global: Frequency Converter (Other End Use Industries) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 28: Europe: Frequency Converter Market: Sales Value (in Million US$), 2013 & 2018
Figure 29: Europe: Frequency Converter Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 30: North America: Frequency Converter Market: Sales Value (in Million US$), 2013 & 2018
Figure 31: North America: Frequency Converter Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 32: Asia Pacific: Frequency Converter Market: Sales Value (in Million US$), 2013 & 2018
Figure 33: Asia Pacific: Frequency Converter Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 34: Middle East and Africa: Frequency Converter Market: Sales Value (in Million US$), 2013 & 2018
Figure 35: Middle East and Africa: Frequency Converter Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 36: Latin America: Frequency Converter Market: Sales Value (in Million US$), 2013 & 2018
Figure 37: Latin America: Frequency Converter Market Forecast: Sales Value (in Million US$), 2019-2024

List of Tables

Table 1: Global: Frequency Converter Market: Key Industry Highlights, 2018 and 2024
Table 2: Global: Frequency Converter Market Forecast: Breakup by Type (in Million US$), 2019-2024
Table 3: Global: Frequency Converter Market Forecast: Breakup by End Use Industry (in Million US$), 2019-2024
Table 4: Global: Frequency Converter Market Forecast: Breakup by Region (in Million US$), 2019-2024
Table 5: Global: Frequency Converter Market Structure
Table 6: Global: Frequency Converter Market: Key Players

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