The United States frequency converter market size reached US$ 5.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 8.8 Billion by 2028, exhibiting a growth rate (CAGR) of 8.59% during 2023-2028.
A frequency converter, or frequency changer, converts the input frequency of alternating current (AC). It is utilized in industrial applications to match the frequency of the power supply with the frequency requirement of the connected equipment or machinery. Some of the common components of frequency converters include the rectifier, inverter, power filter, EMI filter, and isolation transformer.
The United States frequency converter market is primarily driven by the use of frequency converters in industrial applications to facilitate effective control of energy usage, as these devices can reduce electricity consumption by 20-50%. Moreover, the Government of the United States is shifting toward sustainable infrastructure, with more focus on energy conservation and efficiency. The Government is also implementing various new policies for improving the efficacy of energy supply, which, in turn, is providing a positive impact on the market growth. Besides this, frequency converters are used in the aerospace and defense industries in simulator applications, as they reduce the dependence on auxiliary power units while the aircraft is undergoing maintenance.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the United States frequency converter market report, along with forecasts at the country and regional level from 2023-2028. Our report has categorized the market based on type and end use industry.
Breakup by Type:
Static Frequency Converter
Rotary Frequency Converter
Breakup by End Use Industry:
Aerospace and Defense
Power and Energy
Oil and Gas
Breakup by Region:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Base Year of the Analysis
Type, End Use Industry, Region
Northeast, Midwest, South, West
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Key Questions Answered in This Report
The United States frequency converter market was valued at US$ 5.3 Billion in 2022.
We expect the United States frequency converter market to exhibit a CAGR of 8.59% during 2023-2028.
The rising adoption of frequency converters, as they aid in facilitating effective control of energy usage, is primarily driving the United States frequency converter market.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across the nation, resulting in the temporary closure of numerous end-use industries for frequency converters.
Based on the type, the United States frequency converter market has been segregated into static frequency converter and rotary frequency converter, where static frequency converter currently exhibits a clear dominance in the market.
Based on the end use industry, the United States frequency converter market can be bifurcated into aerospace and defense, power and energy, oil and gas, traction, marine/offshore, process industry, and others. Currently, aerospace and defense holds the largest market share.
On a regional level, the market has been classified into Northeast, Midwest, South, and West.
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