Press release
Frequency Converter Market
A frequency converter is an electronic or electromechanical device that converts the frequency of alternating current according to the requirement of the appliance connected. It is used to manage the speed of a pump with frequency inverter. Furthermore, these converters can minimize the electrical and mechanical stress. A frequency converter plays an important role, in extending the durability of the motors, pumps and other equipment. The growing demand for frequency converters in developing countries and economical systems is driving the frequency converter market worldwide. Currently, the device is used in industries such as aerospace & defence and process industry. The demand for economical devices in industries to enhance performance is expected to create further opportunities for the market. Varying worldwide electrical standards of main electricity supply, international trading, and growing demand for energy-efficient frequency converters are the main driving factors of the market. As per the study conducted by Market
Request to view Sample Report:
https://www.marketresearchfuture.com/sample_request/3218
Frequency converters are devices that converts AC of one frequency to another frequency by alternating the currents. They are used to manipulate the speed of a pump with frequency inverter. Furthermore, these converters can minimize the electrical as well as mechanical stress. Frequency converter plays a vital role, in extending the component life of the motors, pumps and others equipment. Rising demand for frequency converter in developing countries and efficient systems is driving the frequency converter market worldwide. Today, the consumption volume of the device comes from industries such as aerospace and defence and process industry. Demand for efficient devices across an array of industries to enhance performance is expected to create greater opportunities.
The majority of power generation plant use non-renewable fuels, and therefore, the importance of energy efficiency has gained significant ground over the last decade. Frequency converters are used for saving energy and optimizing energy consumption. Depending on the application, energy savings of up to 70% are possible with fan, pump, and compressor drives. The increase in usage of these converters for various other applications such as controlling pressure, temperature, and flow without the use of a separate controller is predicted to be a key trend in the frequency converter market, globally.
Geographically, the global frequency converter market has been divided into North America, Europe, Asia Pacific and Rest of the World. Static frequency converters are expected to grow at a high pace in developing economies of regions such as Asia-Pacific and Middle East & Africa. As these regions spend heavily on infrastructural developments such as, manufacturing & production facilities, ports, and airports, electrical equipment used here need specific current frequency to run efficiently. So the need for efficient and clean process is expected to drive the demand for frequency converters.
Currently, Europe dominates the global frequency market due to extensive investments from countries such as Germany, France and United Kingdom into the development of the aerospace & defence, manufacturing, energy infrastructures and marine/offshore. The second largest market is North America.
Industry News
In December, 2017 – ABB confirmed as the #1 in Distributed Control Systems globally. With around 20% market share across industries, ABB is the leader of digitally enabled control and automation, as confirmed by the “Distributed Control Systems Global Market 2016-2021” report.
In September, 2017 – ABB to acquired GE Industrial Solutions. GE Industrial Solutions has deep customer relationships in more than 100 countries and an established installed base with strong roots in North America, ABB’s biggest market.
Frequency Converter Global Market – Segmentation
The scope of global frequency converter market is segmented into two major segments which are explained below:
By Type
Static
Rotary
By End User
Aerospace & Defence
Power & Energy
Process Industry
Traction
Oil & Gas
Marine/Offshore
Frequency Converter Global Market - Competitive Analysis
Frequency converter market will continue to develop globally, as the market for electrical component is highly competitive and there is always a rising demand for subsequent electrical components. The prominent market players continuously strive for sustainable development of their product, so as to stay on top in the frequency converter market. Most of the major market share is hold by the tier 1 companies in the electrical component industry. New entrants are highly subjected to risk while competing in a well matured market, whereas it will be less competitive for the new entrants to enter into emerging economies.
Browse Full Report @ https://www.marketresearchfuture.com/reports/frequency-converter-market-3218
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.
Contact:
Market Research Future
+1 646 845 9312
Email: sales@marketresearchfuture.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Frequency Converter Market here
News-ID: 1441065 • Views: …
More Releases from Market Research Future
Americas Recycled Plastics Market: Opportunities For Higher Growth| Delta Plasti …
Global Americas Recycled Plastics Market Report from Market Research Forecast highlights deep analysis on market characteristics, sizing, estimates and growth by segmentation, regional breakdowns & country along with competitive landscape, player's market shares, and strategies that are key in the market. The exploration provides a 360° view and insights, highlighting major outcomes of the industry. These insights help the business decision-makers to formulate better business plans and make informed decisions…
Hydrofluoric Acid Market (CAGR) of 4%, Innovation Imperative Future Proofing You …
Hydrofluoric acid (HF) is a crucial chemical compound with a wide range of applications across various industries. Despite its hazardous nature, it plays an essential role in manufacturing processes, especially in the production of fluorine compounds. The global hydrofluoric acid market has been witnessing steady growth, driven by demand from end-user industries such as oil refining, pharmaceuticals, and electronics.
The Hydrodesulfurization Catalysts Market is projected to register a CAGR of over…
Palm Methyl Ester Derivative Market Size Projected to Grow at 5.92% CAGR, Reachi …
In recent years, the global market for palm methyl ester derivatives has witnessed significant growth, driven by various factors including environmental concerns, technological advancements, and the increasing demand for sustainable alternatives in various industries. Palm methyl ester derivatives, derived from palm oil, have emerged as versatile ingredients with applications spanning across sectors such as cosmetics, pharmaceuticals, lubricants, and more.
The Palm Methyl Ester Derivative Market Size was valued at USD 1.5…
Asia-Pacific Ceramic Tiles Market to Register Highest CAGR Growth of 7.50% by 20 …
The Asia-Pacific ceramic tiles market has been witnessing robust growth, driven by various factors such as increasing investments in residential and commercial construction, renovation activities, and the growing preference for aesthetically pleasing and durable flooring solutions. Countries like China, India, Japan, and South Korea have been leading the market growth, supported by strong manufacturing capabilities, technological advancements, and evolving consumer preferences.
Asia-Pacific Ceramic Tiles Market Size was valued at USD 141.2…
More Releases for Frequency
Frequency Select MEMS Oscillator (FSMO) Market to Witness Huge Growth by Key Pla …
Global Frequency Select MEMS Oscillator (FSMO) Market 2021-2027, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market. An exclusive data offered in this report is collected by research and industry experts team.
Get Free Sample PDF (including full TOC,…
Automotive Antenna Module Market Forecast to 2028 - Covid-19 Impact and Global A …
The automotive antenna module is a component of the wireless communication system that is designed to send or receive radio waves which help in propagating guided waves through free space. Antenna mostly comes as a standard fitment in luxury cars and mid-segment cars. Growing wireless connectivity features in cars are expected to drive the growth of the automobile antenna market, whereas low signal availability while receiving or sharing information may…
Global Split Transformer Market Trends Analysis Report By Type (High Frequency, …
Split transformer is also referred as split-phase system transformer which is a type of single-phase electric power distribution. Split transformer is very simple AC circuit which provides power to loads more than one voltage. An increase in investment in transmission and distribution infrastructure is expected to drive the global split transformer market growth.
The report also ensures an objective analysis of the market by enabling a comprehensive view of the…
Radio Frequency Identification Market Size study, by Products (Tags, Readers and …
Global Radio Frequency Identification Market valued approximately USD XX million in 2017 is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2018-2025. Increasing installation of Radio frequency identification (RFID) in retail and manufacturing units for productivity and security improvement is expected to fuel the market.
According to India brand equity foundation (IBEF) India’s retail market is expected to increase by 60% and…
High Frequency Quenching Machine Market 2018, GH Group, President Honor, Dai-ich …
Global High Frequency Quenching Machine market 2018 by ReportsQuest presents a professional and complete analysis of on the current Industry situation. The Global report includes High Frequency Quenching Machine Revenue, market Share, industry volume, Trends, Growth aspects. It analyses the important factors of the based on present industry situations, demands, business strategies utilized by High Frequency Quenching Machine market players and the future prospects from various angles in detail. Industry…
Global and Japan Isolation Transformers Market, 2017 To 2022: By Frequency - Low …
Researchmoz added Most up-to-date research on "Global and Japan Isolation Transformers Market, 2017 To 2022: By Frequency - Low Frequency, Intermediate Frequency & High Frequency" to its huge collection of research reports.
The global Isolation Transformers market is valued at XX million USD in 2016 and is expected to reach XX million USD by the end of 2017, growing at a CAGR of XX% between 2016 and 2022.
Japan plays an important…
