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The India frequency converter market is currently witnessing moderate growth. A frequency converter, or frequency changer, refers to an instrument used to convert the input supply frequency as required by specific machinery or equipment. It feeds the connected machinery with the desired current frequency and voltage level. Frequency converters are also used in renewable energy systems, wherein they form an essential component of doubly-fed induction generators (DFIGs) as used in modern multi-megawatt class wind turbines.
India represents one of the largest frequency converter markets in the Asia Pacific region. The market is primarily driven by high investments in the infrastructure and manufacturing sectors. Besides this, India offers a favorable business landscape, administrative setup, attractive policies regarding FDI, and a cheap and skilled labor force. The availability of all these factors has prompted many international companies to set up their manufacturing operations in India. Several automotive companies, such as BMW, Daimler, Volvo, Ford, Hyundai, Suzuki, and Volkswagen, have also initiated various expansion programs. The consequent increase in the demand for AC drives will, thereby, impel the sales of frequency converters across the country. 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 India 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 Region:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
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