123ArticleOnline Logo
Welcome to 123ArticleOnline.com!
ALL >> Business >> View Article

Frequency Converter Market Growing Demand Estimate The Revenue Of Usd 23.2 Billion By 2020

By Author: Akshay
Total Articles: 138

Global frequency converter is one of the high growth markets owing to distinct end-users across all verticals of the industry from developing economies, such as China, India, Brazil and South Africa. Static frequency converter, one of the types, is gaining market attraction due to increasing electricity prices all across the world as well as growing awareness on reduction of air and noise pollution, especially by aerospace & defense and marine/offshore end-users.
Frequency converter market includes major players such as ABB Ltd. (Switzerland), Danfoss A/S (Denmark), General Electric Company (U.S.), Siemens AG (Germany), Magnus Power (U.K.), Sinepower (Portugal), Aplab Ltd. (India), Power System & Control (Virginia), and Piller GmbH (Germany).
Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownload.asp?id=235193864
Static frequency converters are expected to grow higher in developing economies from Asia-Pacific and the Middle East & Africa. Economies from these regions are spending more on modernization of infrastructure such as, manufacturing & production facilities, ports, airports, etc. The electric devices and equipment used at these industries need specific current frequency to run efficiently. Need for clean and efficient process is expected to drive the demand for frequency converters. Above mentioned drivers are expected to enhance the global frequency converter market to USD 23.2 billion by 2020, at a CAGR of 9.1% from 2015 to 2020. In 2014, the market size of global frequency converter was valued at USD 13.7 Billion.
The report caters to power utilities, energy infrastructure contractors and equipment providers, aircraft manufacturers, vessel/port owners, oil & gas producers, traction substation installers, electric locomotive manufacturers, power electronics manufacturers and providers, manufacturing sector, dealers, and suppliers, raw material providers, consulting companies in the energy and power sector, government and research organizations, venture capital firms, and investment banks.
Browse 74 tables and 42 figures spread through 223 Pages and in-depth TOC on "Frequency Converter Market - Global Forecast and Trends to 2020"
Speak With Our Analyst Here: https://www.marketsandmarkets.com/speaktoanalyst.asp?id=235193864
Frequency Converter Market report has been segmented on the basis of type, end-user, and region as follows:
On the basis of Type: The report considers basic types of frequency converters, Static Frequency Converter, and Rotary Frequency Converter
On the basis of End-Users: Under this segmentation, the report considers various types of end users such as, Aerospace & Defense, Power & Energy, Process Industry, Traction, Oil & Gas, and Marine/Offshore
On the basis of Region: The regions analysed in the report include Asia-Pacific, Europe, North America, Latin America, and the Middle East & Africa. Developing economies from the regions, Asia-Pacific and the Middle East & Africa offer lucrative market opportunities to frequency converter manufacturers.
Browse Full Report Here: https://www.marketsandmarkets.com/Market-Reports/frequency-converter-market-235193864.html
In 2014, in the global frequency converter market, Europe accounted for the largest share due to the massive investments from Germany and U.K. towards expansion of the aerospace & defense, manufacturing, marine/offshore, and energy infrastructures. North America was the second largest market in 2014, by value.
Frequency Converter market has been analyzed for different geographies including North and Latin Americas, Asia-Pacific, Europe, and the Middle East & Africa. The market size has been further analyzed in detail for key countries.
The report forecasts revenue of the global frequency converter market, which includes the key type of frequency converters with respect to main regions such as North America, Latin America, Asia-Pacific, Europe, and the Middle East and Africa. Frequency converter market is also analyzed on the basis of the end use industries which include aerospace & defense, process industry, power & energy, traction, oil & gas, and marine/offshore market.
About MarketsandMarkets
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com

Total Views: 32Word Count: 668See All articles From Author

Business Articles

1. Is Business Success Relevant To Being Time Efficient?
Author: Jayanti Katariya

2. Blizzard And World Of Warcraft Gold Sellers
Author: Manoj Varma

3. Choosing A New Business Logo Of Which Is Made For People
Author: logo design

4. Freedom Of Speech In Online Game Worlds
Author: Manoj Varma

5. Rent Video Games? Online Rentals Vs Storefront Rentals
Author: Manoj Varma

6. Overview Of Green Building
Author: ge 3s

7. Nail It To Scale It: How Effective Branding Leads To Opportunity
Author: EWN Admin

8. Global Green Polymer Additive Market Analysis Trends, Growth, New Opportunity Forecast To 2023
Author: Nikhil khadilkar

9. Excellent Industrial Ro Equipment That Suits Your Needs
Author: Kelvin

10. Retail Mein Growth Kidhar Hai?
Author: Sachin Sharma

11. Benefits Of Stucco Installation Against Hurricanes
Author: Michael Smith

12. Import Export Code Online Application Form
Author: ebizfilingservices

13. Online Gaming Future? Mmorpgs!
Author: Manoj Varma

14. The Way To Lose Abdominal Fat In 5 Easy Steps
Author: Do you find that most of your stress is work relat

15. How To Ensure Office Security All The Times
Author: Logan Hartley

Login To Account
Login Email:
Password:
Forgot Password?
New User?
Sign Up Newsletter
Email Address: