Market Overview:
The United States frequency converter market is currently witnessing strong growth. 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. On account of these factors, the market is expected to continue its strong growth in the next five years (2020-2025).
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 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:
- Static Frequency Converter
- Rotary Frequency Converter
Breakup by End Use Industry:
- Aerospace and Defense
- Power and Energy
- Oil and Gas
- Traction
- Marine/Offshore
- Process Industry
- Others
Breakup by Region:
- Northeast
- Midwest
- South
- West
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Key Questions Answered in This Report:
- How has the United States frequency converter market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the United States frequency converter market?
- What are the key regional markets?
- 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 industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the United States frequency converter market and who are the key players?
- What is the degree of competition in the 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 United States Frequency Converter Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 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 Northeast
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Midwest
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 South
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 West
8.4.1 Market Trends
8.4.2 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 Porters 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 Policy and Regulatory Landscape
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
List of Figures
Figure 1: United States: Frequency Converter Market: Major Drivers and Challenges
Figure 2: United States: Frequency Converter Market: Sales Value (in Million US$), 2014-2019
Figure 3: United States: Frequency Converter Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 4: United States: Frequency Converter Market: Breakup by Type (in %), 2019
Figure 5: United States: Frequency Converter Market: Breakup by End Use Industry (in %), 2019
Figure 6: United States: Frequency Converter Market: Breakup by Region (in %), 2019
Figure 7: United States: Frequency Converter (Static Frequency Converter) Market: Sales Value (in Million US$), 2014 & 2019
Figure 8: United States: Frequency Converter (Static Frequency Converter) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 9: United States: Frequency Converter (Rotary Frequency Converter) Market: Sales Value (in Million US$), 2014 & 2019
Figure 10: United States: Frequency Converter (Rotary Frequency Converter) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 11: United States: Frequency Converter (Aerospace and Defense) Market: Sales Value (in Million US$), 2014 & 2019
Figure 12: United States: Frequency Converter (Aerospace and Defense) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 13: United States: Frequency Converter (Power and Energy) Market: Sales Value (in Million US$), 2014 & 2019
Figure 14: United States: Frequency Converter (Power and Energy) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 15: United States: Frequency Converter (Oil and Gas) Market: Sales Value (in Million US$), 2014 & 2019
Figure 16: United States: Frequency Converter (Oil and Gas) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 17: United States: Frequency Converter (Traction) Market: Sales Value (in Million US$), 2014 & 2019
Figure 18: United States: Frequency Converter (Traction) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 19: United States: Frequency Converter (Marine/Offshore) Market: Sales Value (in Million US$), 2014 & 2019
Figure 20: United States: Frequency Converter (Marine/Offshore) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 21: United States: Frequency Converter (Process Industry) Market: Sales Value (in Million US$), 2014 & 2019
Figure 22: United States: Frequency Converter (Process Industry) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 23: United States: Frequency Converter (Other End Use Industries) Market: Sales Value (in Million US$), 2014 & 2019
Figure 24: United States: Frequency Converter (Other End Use Industries) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 25: Northeast: Frequency Converter Market: Sales Value (in Million US$), 2014 & 2019
Figure 26: Northeast: Frequency Converter Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 27: Midwest: Frequency Converter Market: Sales Value (in Million US$), 2014 & 2019
Figure 28: Midwest: Frequency Converter Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 29: South: Frequency Converter Market: Sales Value (in Million US$), 2014 & 2019
Figure 30: South: Frequency Converter Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 31: West: Frequency Converter Market: Sales Value (in Million US$), 2014 & 2019
Figure 32: West: Frequency Converter Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 33: United States: Frequency Converter Industry: SWOT Analysis
Figure 34: United States: Frequency Converter Industry: Value Chain Analysis
Figure 35: United States: Frequency Converter Industry: Porter’s Five Forces Analysis
List of Tables
Table 1: United States: Frequency Converter Market: Key Industry Highlights, 2019 and 2025
Table 2: United States: Frequency Converter Market Forecast: Breakup by Type (in Million US$), 2020-2025
Table 3: United States: Frequency Converter Market Forecast: Breakup by End Use Industry (in Million US$), 2020-2025
Table 4: United States: Frequency Converter Market Forecast: Breakup by Region (in Million US$), 2020-2025
Table 5: United States: Frequency Converter Market: Competitive Structure
Table 6: United States: Frequency Converter Market: Key Players