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Report Outlook
| Market Size | CAGR | Dominating Region |
|---|---|---|
| USD 38.22 Billion by 2030 | 5.85% | Asia-Pacific |
| By Type | By Application | By Region |
|---|---|---|
|
|
|
SCOPE OF THE REPORT
Frequency Converter Market Overview
The frequency converter market is expected to grow at 5.85 % CAGR from 2023 to 2030. It is expected to reach above USD 38.22 Billion by 2030 from USD 25.68 Billion in 2023.
A frequency converter is an electronic device that converts the frequency and voltage of alternating current (AC) power from one frequency and voltage level to another. Frequency converters are commonly used to control the speed and torque of electric motors by adjusting the frequency and voltage of the power supplied to the motor. Frequency converters are able to adjust the output frequency of the power supply to the motor, allowing the motor speed to be precisely controlled. This makes frequency converters ideal for a wide range of applications, including pumps, fans, compressors, conveyors, and other industrial machinery.
Energy efficiency is a major driver of the frequency converter market. Frequency converters help to reduce energy consumption and improve the energy efficiency of motor control systems by allowing motors to operate at variable speeds and torque. This not only saves energy but also reduces wear and tear on the motors, leading to lower maintenance costs and longer lifetimes. In addition, frequency converters can optimize motor performance by reducing motor starting currents and reducing the need for mechanical speed control systems. As energy costs continue to rise and environmental concerns become more pressing, the demand for energy-efficient motor control systems is expected to continue to grow.
Compatibility issues can be a significant restraint on the frequency converter market. Frequency converters may not be compatible with all types of motors, particularly older motors. This can limit the potential market for frequency converters and require customers to upgrade their motors in order to use frequency converters. Compatibility issues can also arise when different brands or models of frequency converters are used with different types of motors, which can make it difficult to create integrated systems. As a result, customers may be reluctant to invest in frequency converters if they are unsure whether they will be compatible with their existing motors or if they will need to upgrade their motors to use them.
Energy storage represents a significant opportunity for growth in the frequency converter market. As energy storage technologies become more prevalent, frequency converters can be used to control the flow of power to and from energy storage systems, enabling more efficient use of renewable energy sources. This can help to stabilize the grid and reduce the need for fossil-fuel-based power plants. Frequency converters can also be used to provide grid stabilization services, such as frequency regulation and voltage support, which are critical for the integration of large-scale renewable energy sources. As energy storage continues to grow and evolve, the demand for frequency converters is expected to increase, providing significant opportunities for growth in the market.
The COVID-19 pandemic had a negative impact on the frequency converter market, as it had on many industries. The pandemic had disrupted global supply chains, leading to shortages of raw materials and components and increasing lead times for delivery. This had made it difficult for manufacturers to meet customer demand and had led to price increases. In addition, the pandemic had led to a decline in demand for many products and services, particularly in industries such as construction and manufacturing, which were major users of frequency converters. As a result, some companies had postponed or cancelled investments in new equipment and technologies, including frequency converters. However, as the global economy recovers and demand for energy-efficient motor control systems continues to grow, the frequency converter market is expected to rebound and continue to grow over the long term.
| ATTRIBUTE | DETAILS |
| Study period | 2020-2030 |
| Base year | 2022 |
| Estimated year | 2023 |
| Forecasted year | 2023-2030 |
| Historical period | 2019-2021 |
| Unit | Value (USD Billion), (Thousand Units). |
| Segmentation | By Type, By Application, By Region. |
| By Type |
|
| By Application |
|
| By Region |
|
Frequency Converter Market Segment Analysis
Based on product type, application, and region, the global market for Frequency Converter is divided into these categories.
Static frequency converters (SFCs) are widely used in various applications and industries due to their reliability, efficiency, and versatility. They are the most commonly used type of frequency converter because they offer precise control of motor speed and torque. SFCs are available in a wide range of sizes and power ratings and can operate at frequencies from a few hertz to several kilohertz. They can be configured to provide variable frequency output, making them suitable for a wide range of applications. Overall, SFCs are preferred due to their ability to provide stable and reliable power in a variety of settings.
Because of the developing Aerospace infrastructure, Defense mechanisms, and other applications, the Frequency Converters industry is the fastest-growing category in the industry. Frequency changers lessen the need for auxiliary power units during airplane maintenance. The terrestrial power unit is linked via a frequency converter to power the aircraft at the required frequency, which enhances the market growth of the frequency converters market.
Frequency Converter Market Player
The frequency converter market key players includes ABB Ltd, General Electric Company, APLAB Ltd, Siemens, Danfoss, Magnus Power, Georator Corporation, Aelco, NR Electric, KGS Electronics.
Industry Development:
- May 2023 ABB completed acquisition of Siemens low voltage NEMA motor business
- April 2023 ABB inaugurated new fully automated production line in Västerås.
Who Should Buy? Or Key Stakeholders
- Energy Institutions
- Defense Organization
- Raw Material Manufacturer
- Government Organization
- Market Research
- Consulting Firms
- Venture capitalists
- Investors
- Supplier and Distributor
- Others
Frequency Converter Market Regional Analysis
The Frequency Converter market by region includes North America, Asia-Pacific (APAC), Europe, South America, and Middle East & Africa (MEA).
- North America: includes the US, Canada, Mexico
- Asia Pacific: includes China, Japan, South Korea, India, Australia, ASEAN and Rest of APAC
- Europe: includes UK, Germany, France, Italy, Spain, Russia, and Rest of Europe
- South America: includes Brazil, Argentina and Rest of South America
- Middle East & Africa: includes Turkey, UAE, Saudi Arabia, South Africa, and Rest of MEA
The Asia-Pacific region is the largest and dominant market for frequency converters globally. This is due to several factors such as the expanding industrial sector, increasing demand for energy-efficient solutions, growing investments in infrastructure development, and the region’s significant manufacturing hubs. Additionally, the increasing adoption of renewable energy sources such as solar and wind energy is driving the demand for frequency converters in the region. As a result, Asia-Pacific is expected to maintain its dominance in the frequency converter market during the forecast period.
North America is an important market for frequency converters due to its well-established industrial sector, the demand for cloud-based services, the investment in renewable energy, and the adoption of electric vehicles. While not as dominant as the Asia-Pacific region, the increasing adoption of renewable energy and the growing demand for electric vehicles are expected to drive the demand for frequency converters in North America.
Key Market Segments: Frequency Converter Market
Frequency Converter Market by Type, 2020-2030, (USD Billion), (Thousand Units).
- Rotary Frequency Converter
- Static Frequency Converter
Frequency Converter Market by Application, 2020-2030, (USD Billion), (Thousand Units).
- Aerospace and Defense
- Power and Energy
- Oil and Gas
- Traction
- Marine/Offshore
- Process Industry
Frequency Converter Market by Region, 2020-2030, (USD Billion), (Thousand Units).
- North America
- Asia Pacific
- Europe
- South America
- Middle East and Africa
 Important Countries in All Regions Are Covered.
Exactitude Consultancy Services Key Objectives:
- Increasing sales and market share
- Developing new technology
- Improving profitability
- Entering new markets
- Enhancing brand reputation
Key Question Answered
- What is the expected growth rate of the frequency converter market over the next 7 years?
- Who are the major players in the frequency converter market and what is their market share?
- What are the end-user industries driving demand for market and what is their outlook?
- What are the opportunities for growth in emerging markets such as Asia-pacific, middle east, and Africa?
- How is the economic environment affecting the frequency converter market, including factors such as interest rates, inflation, and exchange rates?
- What is the expected impact of government policies and regulations on the frequency converter market?
- What is the current and forecasted size and growth rate of the global frequency converter market?
- What are the key drivers of growth in the frequency converter market?
- What are the distribution channels and supply chain dynamics in the frequency converter market?
- What are the technological advancements and innovations in the frequency converter market and their impact on material development and growth?
- What are the regulatory considerations and their impact on the market?
- What are the challenges faced by players in the frequency converter market and how are they addressing these challenges?
- What are the opportunities for growth and expansion in the frequency converter market?
- What are the products offerings and specifications of leading players in the market?
- What is the pricing trend of frequency converter in the market and what is the impact of raw material prices on the price trend?
Table of Content
- INTRODUCTION
- MARKET DEFINITION
- MARKET SEGMENTATION
- RESEARCH TIMELINES
- ASSUMPTIONS AND LIMITATIONS
- RESEARCH METHODOLOGY
- DATA MINING
- SECONDARY RESEARCH
- PRIMARY RESEARCH
- SUBJECT-MATTER EXPERTS’ ADVICE
- QUALITY CHECKS
- FINAL REVIEW
- DATA TRIANGULATION
- BOTTOM-UP APPROACH
- TOP-DOWN APPROACH
- RESEARCH FLOW
- DATA SOURCES
- DATA MINING
- EXECUTIVE SUMMARY
- MARKET OVERVIEW
- GLOBAL FREQUENCY CONVERTER MARKET OUTLOOK
- MARKET DRIVERS
- MARKET RESTRAINTS
- MARKET OPPORTUNITIES
- IMPACT OF COVID-19 ON FREQUENCY CONVERTER MARKET
- PORTER’S FIVE FORCES MODEL
- THREAT FROM NEW ENTRANTS
- THREAT FROM SUBSTITUTES
- BARGAINING POWER OF SUPPLIERS
- BARGAINING POWER OF CUSTOMERS
- DEGREE OF COMPETITION
- INDUSTRY VALUE CHAIN ANALYSIS
- GLOBAL FREQUENCY CONVERTER MARKET OUTLOOK
- GLOBAL FREQUENCY CONVERTER MARKET BY TYPE, 2020-2030, (USD BILLION), (THOUSAND UNITS)
- ROTARY FREQUENCY CONVERTER
- STATIC FREQUENCY CONVERTER
- GLOBAL FREQUENCY CONVERTER MARKET BY TYPE, 2020-2030, (USD BILLION), (THOUSAND UNITS)
- AEROSPACE AND DEFENSE
- POWER AND ENERGY
- OIL AND GAS
- TRACTION
- MARINE/OFFSHORE
- PROCESS INDUSTRY
- GLOBAL FREQUENCY CONVERTER MARKET BY REGION, 2020-2030, (USD BILLION), (THOUSAND UNITS)
- NORTH AMERICA
- US
- CANADA
- MEXICO
- SOUTH AMERICA
- BRAZIL
- ARGENTINA
- COLOMBIA
- REST OF SOUTH AMERICA
- EUROPE
- GERMANY
- UK
- FRANCE
- ITALY
- SPAIN
- RUSSIA
- REST OF EUROPE
- ASIA PACIFIC
- INDIA
- CHINA
- JAPAN
- SOUTH KOREA
- AUSTRALIA
- SOUTH-EAST ASIA
- REST OF ASIA PACIFIC
- MIDDLE EAST AND AFRICA
- UAE
- SAUDI ARABIA
- SOUTH AFRICA
- REST OF MIDDLE EAST AND AFRICA
- NORTH AMERICA
- COMPANY PROFILES*
(BUSINESS OVERVIEW, COMPANY SNAPSHOT, PRODUCTS OFFERED, RECENT DEVELOPMENTS)
- ABB LTD
- GENERAL ELECTRIC COMPANY
- APLAB LTD
- SIEMENS
- DANFOSS
- MAGNUS POWER
- GEORATOR CORPORATION
- AELCO
- NR ELECTRIC
- KGS ELECTRONICS
*THE COMPANY LIST IS INDICATIVE
LIST OF TABLES
TABLE 1Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â GLOBAL FREQUENCY CONVERTER MARKET BY TYPE (USD BILLION), 2020-2030
TABLE 2Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â GLOBAL FREQUENCY CONVERTER MARKET BY TYPE (THOUSAND UNITS), 2020-2030
TABLE 3Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â GLOBAL FREQUENCY CONVERTER MARKET BY APPLICATION (USD BILLION), 2020-2030
TABLE 4Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â GLOBAL FREQUENCY CONVERTER MARKET BY APPLICATION (THOUSAND UNITS), 2020-2030
TABLE 5Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â GLOBAL FREQUENCY CONVERTER MARKET BY REGION (USD BILLION), 2020-2030
TABLE 6Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â GLOBAL FREQUENCY CONVERTER MARKET BY REGION (THOUSAND UNITS), 2020-2030
TABLE 7Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â NORTH AMERICA FREQUENCY CONVERTER MARKET BY TYPE (USD BILLION), 2020-2030
TABLE 8Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â NORTH AMERICA FREQUENCY CONVERTER MARKET BY TYPE (THOUSAND UNITS), 2020-2030
TABLE 9Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â NORTH AMERICA FREQUENCY CONVERTER MARKET BY APPLICATION (USD BILLION), 2020-2030
TABLE 10Â Â Â Â Â Â Â Â Â Â Â Â Â NORTH AMERICA FREQUENCY CONVERTER MARKET BY APPLICATION (THOUSAND UNITS), 2020-2030
TABLE 11Â Â Â Â Â Â Â Â Â Â Â Â Â NORTH AMERICA FREQUENCY CONVERTER MARKET BY COUNTRY (USD BILLION), 2020-2030
TABLE 12Â Â Â Â Â Â Â Â Â Â Â Â Â NORTH AMERICA FREQUENCY CONVERTER MARKET BY COUNTRY (THOUSAND UNITS), 2020-2030
TABLE 13Â Â Â Â Â Â Â Â Â Â Â Â Â US FREQUENCY CONVERTER MARKET BY TYPE (USD BILLION), 2020-2030
TABLE 14Â Â Â Â Â Â Â Â Â Â Â Â Â US FREQUENCY CONVERTER MARKET BY TYPE (THOUSAND UNITS), 2020-2030
TABLE 15Â Â Â Â Â Â Â Â Â Â Â Â Â US FREQUENCY CONVERTER MARKET BY APPLICATION (USD BILLION), 2020-2030
TABLE 16Â Â Â Â Â Â Â Â Â Â Â Â Â US FREQUENCY CONVERTER MARKET BY APPLICATION (THOUSAND UNITS), 2020-2030
TABLE 17Â Â Â Â Â Â Â Â Â Â Â Â Â CANADA FREQUENCY CONVERTER MARKET BY TYPE (USD BILLION), 2020-2030
TABLE 18Â Â Â Â Â Â Â Â Â Â Â Â Â CANADA FREQUENCY CONVERTER MARKET BY TYPE (THOUSAND UNITS), 2020-2030
TABLE 19Â Â Â Â Â Â Â Â Â Â Â Â Â CANADA FREQUENCY CONVERTER MARKET BY APPLICATION (USD BILLION), 2020-2030
TABLE 20Â Â Â Â Â Â Â Â Â Â Â Â Â CANADA FREQUENCY CONVERTER MARKET BY APPLICATION (THOUSAND UNITS), 2020-2030
TABLE 21Â Â Â Â Â Â Â Â Â Â Â Â Â MEXICO FREQUENCY CONVERTER MARKET BY TYPE (USD BILLION), 2020-2030
TABLE 22Â Â Â Â Â Â Â Â Â Â Â Â Â MEXICO FREQUENCY CONVERTER MARKET BY TYPE (THOUSAND UNITS), 2020-2030
TABLE 23Â Â Â Â Â Â Â Â Â Â Â Â Â MEXICO FREQUENCY CONVERTER MARKET BY APPLICATION (USD BILLION), 2020-2030
TABLE 24Â Â Â Â Â Â Â Â Â Â Â Â Â MEXICO FREQUENCY CONVERTER MARKET BY APPLICATION (THOUSAND UNITS), 2020-2030
TABLE 25Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH AMERICA FREQUENCY CONVERTER MARKET BY TYPE (USD BILLION), 2020-2030
TABLE 26Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH AMERICA FREQUENCY CONVERTER MARKET BY TYPE (THOUSAND UNITS), 2020-2030
TABLE 27Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH AMERICA FREQUENCY CONVERTER MARKET BY COUNTRY (USD BILLION), 2020-2030
TABLE 28Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH AMERICA FREQUENCY CONVERTER MARKET BY COUNTRY (THOUSAND UNITS), 2020-2030
TABLE 29Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH AMERICA FREQUENCY CONVERTER MARKET BY APPLICATION (USD BILLION), 2020-2030
TABLE 30Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH AMERICA FREQUENCY CONVERTER MARKET BY APPLICATION (THOUSAND UNITS), 2020-2030
TABLE 31Â Â Â Â Â Â Â Â Â Â Â Â Â BRAZIL FREQUENCY CONVERTER MARKET BY TYPE (USD BILLION), 2020-2030
TABLE 32Â Â Â Â Â Â Â Â Â Â Â Â Â BRAZIL FREQUENCY CONVERTER MARKET BY TYPE (THOUSAND UNITS), 2020-2030
TABLE 33Â Â Â Â Â Â Â Â Â Â Â Â Â BRAZIL FREQUENCY CONVERTER MARKET BY APPLICATION (USD BILLION), 2020-2030
TABLE 34Â Â Â Â Â Â Â Â Â Â Â Â Â BRAZIL FREQUENCY CONVERTER MARKET BY APPLICATION (THOUSAND UNITS), 2020-2030
TABLE 35Â Â Â Â Â Â Â Â Â Â Â Â Â ARGENTINA FREQUENCY CONVERTER MARKET BY TYPE (USD BILLION), 2020-2030
TABLE 36Â Â Â Â Â Â Â Â Â Â Â Â Â ARGENTINA FREQUENCY CONVERTER MARKET BY TYPE (THOUSAND UNITS), 2020-2030
TABLE 37Â Â Â Â Â Â Â Â Â Â Â Â Â ARGENTINA FREQUENCY CONVERTER MARKET BY APPLICATION (USD BILLION), 2020-2030
TABLE 38Â Â Â Â Â Â Â Â Â Â Â Â Â ARGENTINA FREQUENCY CONVERTER MARKET BY APPLICATION (THOUSAND UNITS), 2020-2030
TABLE 39Â Â Â Â Â Â Â Â Â Â Â Â Â COLOMBIA FREQUENCY CONVERTER MARKET BY TYPE (USD BILLION), 2020-2030
TABLE 40Â Â Â Â Â Â Â Â Â Â Â Â Â COLOMBIA FREQUENCY CONVERTER MARKET BY TYPE (THOUSAND UNITS), 2020-2030
TABLE 41Â Â Â Â Â Â Â Â Â Â Â Â Â COLOMBIA FREQUENCY CONVERTER MARKET BY APPLICATION (USD BILLION), 2020-2030
TABLE 42Â Â Â Â Â Â Â Â Â Â Â Â Â COLOMBIA FREQUENCY CONVERTER MARKET BY APPLICATION (THOUSAND UNITS), 2020-2030
TABLE 43Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF SOUTH AMERICA FREQUENCY CONVERTER MARKET BY TYPE (USD BILLION), 2020-2030
TABLE 44Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF SOUTH AMERICA FREQUENCY CONVERTER MARKET BY TYPE (THOUSAND UNITS), 2020-2030
TABLE 45Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF SOUTH AMERICA FREQUENCY CONVERTER MARKET BY APPLICATION (USD BILLION), 2020-2030
TABLE 46Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF SOUTH AMERICA FREQUENCY CONVERTER MARKET BY APPLICATION (THOUSAND UNITS), 2020-2030
TABLE 47Â Â Â Â Â Â Â Â Â Â Â Â Â ASIA-PACIFIC FREQUENCY CONVERTER MARKET BY TYPE (USD BILLION), 2020-2030
TABLE 48Â Â Â Â Â Â Â Â Â Â Â Â Â ASIA-PACIFIC FREQUENCY CONVERTER MARKET BY TYPE (THOUSAND UNITS), 2020-2030
TABLE 49Â Â Â Â Â Â Â Â Â Â Â Â Â ASIA-PACIFIC FREQUENCY CONVERTER MARKET BY APPLICATION (USD BILLION), 2020-2030
TABLE 50Â Â Â Â Â Â Â Â Â Â Â Â Â ASIA-PACIFIC FREQUENCY CONVERTER MARKET BY APPLICATION (THOUSAND UNITS), 2020-2030
TABLE 51Â Â Â Â Â Â Â Â Â Â Â Â Â ASIA-PACIFIC FREQUENCY CONVERTER MARKET BY COUNTRY (USD BILLION), 2020-2030
TABLE 52Â Â Â Â Â Â Â Â Â Â Â Â Â ASIA-PACIFIC FREQUENCY CONVERTER MARKET BY COUNTRY (THOUSAND UNITS), 2020-2030
TABLE 53Â Â Â Â Â Â Â Â Â Â Â Â Â INDIA FREQUENCY CONVERTER MARKET BY TYPE (USD BILLION), 2020-2030
TABLE 54Â Â Â Â Â Â Â Â Â Â Â Â Â INDIA FREQUENCY CONVERTER MARKET BY TYPE (THOUSAND UNITS), 2020-2030
TABLE 55Â Â Â Â Â Â Â Â Â Â Â Â Â INDIA FREQUENCY CONVERTER MARKET BY APPLICATION (USD BILLION), 2020-2030
TABLE 56Â Â Â Â Â Â Â Â Â Â Â Â Â INDIA FREQUENCY CONVERTER MARKET BY APPLICATION (THOUSAND UNITS), 2020-2030
TABLE 57Â Â Â Â Â Â Â Â Â Â Â Â Â CHINA FREQUENCY CONVERTER MARKET BY TYPE (USD BILLION), 2020-2030
TABLE 58Â Â Â Â Â Â Â Â Â Â Â Â Â CHINA FREQUENCY CONVERTER MARKET BY TYPE (THOUSAND UNITS), 2020-2030
TABLE 59Â Â Â Â Â Â Â Â Â Â Â Â Â CHINA FREQUENCY CONVERTER MARKET BY APPLICATION (USD BILLION), 2020-2030
TABLE 60Â Â Â Â Â Â Â Â Â Â Â Â Â CHINA FREQUENCY CONVERTER MARKET BY APPLICATION (THOUSAND UNITS), 2020-2030
TABLE 61Â Â Â Â Â Â Â Â Â Â Â Â Â JAPAN FREQUENCY CONVERTER MARKET BY TYPE (USD BILLION), 2020-2030
TABLE 62Â Â Â Â Â Â Â Â Â Â Â Â Â JAPAN FREQUENCY CONVERTER MARKET BY TYPE (THOUSAND UNITS), 2020-2030
TABLE 63Â Â Â Â Â Â Â Â Â Â Â Â Â JAPAN FREQUENCY CONVERTER MARKET BY APPLICATION (USD BILLION), 2020-2030
TABLE 64Â Â Â Â Â Â Â Â Â Â Â Â Â JAPAN FREQUENCY CONVERTER MARKET BY APPLICATION (THOUSAND UNITS), 2020-2030
TABLE 65Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH KOREA FREQUENCY CONVERTER MARKET BY TYPE (USD BILLION), 2020-2030
TABLE 66Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH KOREA FREQUENCY CONVERTER MARKET BY TYPE (THOUSAND UNITS), 2020-2030
TABLE 67Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH KOREA FREQUENCY CONVERTER MARKET BY APPLICATION (USD BILLION), 2020-2030
TABLE 68Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH KOREA FREQUENCY CONVERTER MARKET BY APPLICATION (THOUSAND UNITS), 2020-2030
TABLE 69Â Â Â Â Â Â Â Â Â Â Â Â Â AUSTRALIA FREQUENCY CONVERTER MARKET BY TYPE (USD BILLION), 2020-2030
TABLE 70Â Â Â Â Â Â Â Â Â Â Â Â Â AUSTRALIA FREQUENCY CONVERTER MARKET BY TYPE (THOUSAND UNITS), 2020-2030
TABLE 71Â Â Â Â Â Â Â Â Â Â Â Â Â AUSTRALIA FREQUENCY CONVERTER MARKET BY APPLICATION (USD BILLION), 2020-2030
TABLE 72Â Â Â Â Â Â Â Â Â Â Â Â Â AUSTRALIA FREQUENCY CONVERTER MARKET BY APPLICATION (THOUSAND UNITS), 2020-2030
TABLE 73Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH EAST ASIA FREQUENCY CONVERTER MARKET BY TYPE (USD BILLION), 2020-2030
TABLE 74Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH EAST ASIA FREQUENCY CONVERTER MARKET BY TYPE (THOUSAND UNITS), 2020-2030
TABLE 75Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH EAST ASIA FREQUENCY CONVERTER MARKET BY APPLICATION (USD BILLION), 2020-2030
TABLE 76Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH EAST ASIA FREQUENCY CONVERTER MARKET BY APPLICATION (THOUSAND UNITS), 2020-2030
TABLE 77Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF ASIA PACIFIC FREQUENCY CONVERTER MARKET BY TYPE (USD BILLION), 2020-2030
TABLE 78Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF ASIA PACIFIC FREQUENCY CONVERTER MARKET BY TYPE (THOUSAND UNITS), 2020-2030
TABLE 79Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF ASIA PACIFIC FREQUENCY CONVERTER MARKET BY APPLICATION (USD BILLION), 2020-2030
TABLE 80Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF ASIA PACIFIC FREQUENCY CONVERTER MARKET BY APPLICATION (THOUSAND UNITS), 2020-2030
TABLE 81Â Â Â Â Â Â Â Â Â Â Â Â Â EUROPE FREQUENCY CONVERTER MARKET BY TYPE (USD BILLION), 2020-2030
TABLE 82Â Â Â Â Â Â Â Â Â Â Â Â Â EUROPE FREQUENCY CONVERTER MARKET BY TYPE (THOUSAND UNITS), 2020-2030
TABLE 83Â Â Â Â Â Â Â Â Â Â Â Â Â EUROPE FREQUENCY CONVERTER MARKET BY APPLICATION (USD BILLION), 2020-2030
TABLE 84Â Â Â Â Â Â Â Â Â Â Â Â Â EUROPE FREQUENCY CONVERTER MARKET BY APPLICATION (THOUSAND UNITS), 2020-2030
TABLE 85Â Â Â Â Â Â Â Â Â Â Â Â Â EUROPE FREQUENCY CONVERTER MARKET BY COUNTRY (USD BILLION), 2020-2030
TABLE 86Â Â Â Â Â Â Â Â Â Â Â Â Â EUROPE FREQUENCY CONVERTER MARKET BY COUNTRY (THOUSAND UNITS), 2020-2030
TABLE 87Â Â Â Â Â Â Â Â Â Â Â Â Â GERMANY FREQUENCY CONVERTER MARKET BY TYPE (USD BILLION), 2020-2030
TABLE 88Â Â Â Â Â Â Â Â Â Â Â Â Â GERMANY FREQUENCY CONVERTER MARKET BY TYPE (THOUSAND UNITS), 2020-2030
TABLE 89Â Â Â Â Â Â Â Â Â Â Â Â Â GERMANY FREQUENCY CONVERTER MARKET BY APPLICATION (USD BILLION), 2020-2030
TABLE 90Â Â Â Â Â Â Â Â Â Â Â Â Â GERMANY FREQUENCY CONVERTER MARKET BY APPLICATION (THOUSAND UNITS), 2020-2030
TABLE 91Â Â Â Â Â Â Â Â Â Â Â Â Â UK FREQUENCY CONVERTER MARKET BY TYPE (USD BILLION), 2020-2030
TABLE 92Â Â Â Â Â Â Â Â Â Â Â Â Â UK FREQUENCY CONVERTER MARKET BY TYPE (THOUSAND UNITS), 2020-2030
TABLE 93Â Â Â Â Â Â Â Â Â Â Â Â Â UK FREQUENCY CONVERTER MARKET BY APPLICATION (USD BILLION), 2020-2030
TABLE 94Â Â Â Â Â Â Â Â Â Â Â Â Â UK FREQUENCY CONVERTER MARKET BY APPLICATION (THOUSAND UNITS), 2020-2030
TABLE 95Â Â Â Â Â Â Â Â Â Â Â Â Â FRANCE FREQUENCY CONVERTER MARKET BY TYPE (USD BILLION), 2020-2030
TABLE 96Â Â Â Â Â Â Â Â Â Â Â Â Â FRANCE FREQUENCY CONVERTER MARKET BY TYPE (THOUSAND UNITS), 2020-2030
TABLE 97Â Â Â Â Â Â Â Â Â Â Â Â Â FRANCE FREQUENCY CONVERTER MARKET BY APPLICATION (USD BILLION), 2020-2030
TABLE 98Â Â Â Â Â Â Â Â Â Â Â Â Â FRANCE FREQUENCY CONVERTER MARKET BY APPLICATION (THOUSAND UNITS), 2020-2030
TABLE 99Â Â Â Â Â Â Â Â Â Â Â Â Â ITALY FREQUENCY CONVERTER MARKET BY TYPE (USD BILLION), 2020-2030
TABLE 100Â Â Â Â Â Â Â Â Â Â Â ITALY FREQUENCY CONVERTER MARKET BY TYPE (THOUSAND UNITS), 2020-2030
TABLE 101Â Â Â Â Â Â Â Â Â Â Â ITALY FREQUENCY CONVERTER MARKET BY APPLICATION (USD BILLION), 2020-2030
TABLE 102Â Â Â Â Â Â Â Â Â Â Â ITALY FREQUENCY CONVERTER MARKET BY APPLICATION (THOUSAND UNITS), 2020-2030
TABLE 103Â Â Â Â Â Â Â Â Â Â Â SPAIN FREQUENCY CONVERTER MARKET BY TYPE (USD BILLION), 2020-2030
TABLE 104Â Â Â Â Â Â Â Â Â Â Â SPAIN FREQUENCY CONVERTER MARKET BY TYPE (THOUSAND UNITS), 2020-2030
TABLE 105Â Â Â Â Â Â Â Â Â Â Â SPAIN FREQUENCY CONVERTER MARKET BY APPLICATION (USD BILLION), 2020-2030
TABLE 106Â Â Â Â Â Â Â Â Â Â Â SPAIN FREQUENCY CONVERTER MARKET BY APPLICATION (THOUSAND UNITS), 2020-2030
TABLE 107Â Â Â Â Â Â Â Â Â Â Â RUSSIA FREQUENCY CONVERTER MARKET BY TYPE (USD BILLION), 2020-2030
TABLE 108Â Â Â Â Â Â Â Â Â Â Â RUSSIA FREQUENCY CONVERTER MARKET BY TYPE (THOUSAND UNITS), 2020-2030
TABLE 109Â Â Â Â Â Â Â Â Â Â Â RUSSIA FREQUENCY CONVERTER MARKET BY APPLICATION (USD BILLION), 2020-2030
TABLE 110Â Â Â Â Â Â Â Â Â Â Â RUSSIA FREQUENCY CONVERTER MARKET BY APPLICATION (THOUSAND UNITS), 2020-2030
TABLE 111Â Â Â Â Â Â Â Â Â Â Â REST OF EUROPE FREQUENCY CONVERTER MARKET BY TYPE (USD BILLION), 2020-2030
TABLE 112Â Â Â Â Â Â Â Â Â Â Â REST OF EUROPE FREQUENCY CONVERTER MARKET BY TYPE (THOUSAND UNITS), 2020-2030
TABLE 113Â Â Â Â Â Â Â Â Â Â Â REST OF EUROPE FREQUENCY CONVERTER MARKET BY APPLICATION (USD BILLION), 2020-2030
TABLE 114Â Â Â Â Â Â Â Â Â Â Â REST OF EUROPE FREQUENCY CONVERTER MARKET BY APPLICATION (THOUSAND UNITS), 2020-2030
TABLE 115Â Â Â Â Â Â Â Â Â Â Â MIDDLE EAST AND AFRICA FREQUENCY CONVERTER MARKET BY TYPE (USD BILLION), 2020-2030
TABLE 116Â Â Â Â Â Â Â Â Â Â Â MIDDLE EAST AND AFRICA FREQUENCY CONVERTER MARKET BY TYPE (THOUSAND UNITS), 2020-2030
TABLE 117Â Â Â Â Â Â Â Â Â Â Â MIDDLE EAST AND AFRICA FREQUENCY CONVERTER MARKET BY APPLICATION (USD BILLION), 2020-2030
TABLE 118Â Â Â Â Â Â Â Â Â Â Â MIDDLE EAST AND AFRICA FREQUENCY CONVERTER MARKET BY APPLICATION (THOUSAND UNITS), 2020-2030
TABLE 119Â Â Â Â Â Â Â Â Â Â Â MIDDLE EAST AND AFRICA FREQUENCY CONVERTER MARKET BY COUNTRY (USD BILLION), 2020-2030
TABLE 120Â Â Â Â Â Â Â Â Â Â Â MIDDLE EAST AND AFRICA FREQUENCY CONVERTER MARKET BY COUNTRY (THOUSAND UNITS), 2020-2030
TABLE 121Â Â Â Â Â Â Â Â Â Â Â UAE FREQUENCY CONVERTER MARKET BY TYPE (USD BILLION), 2020-2030
TABLE 122Â Â Â Â Â Â Â Â Â Â Â UAE FREQUENCY CONVERTER MARKET BY TYPE (THOUSAND UNITS), 2020-2030
TABLE 123Â Â Â Â Â Â Â Â Â Â Â UAE FREQUENCY CONVERTER MARKET BY APPLICATION (USD BILLION), 2020-2030
TABLE 124Â Â Â Â Â Â Â Â Â Â Â UAE FREQUENCY CONVERTER MARKET BY APPLICATION (THOUSAND UNITS), 2020-2030
TABLE 125Â Â Â Â Â Â Â Â Â Â Â SAUDI ARABIA FREQUENCY CONVERTER MARKET BY TYPE (USD BILLION), 2020-2030
TABLE 126Â Â Â Â Â Â Â Â Â Â Â SAUDI ARABIA FREQUENCY CONVERTER MARKET BY TYPE (THOUSAND UNITS), 2020-2030
TABLE 127Â Â Â Â Â Â Â Â Â Â Â SAUDI ARABIA FREQUENCY CONVERTER MARKET BY APPLICATION (USD BILLION), 2020-2030
TABLE 128Â Â Â Â Â Â Â Â Â Â Â SAUDI ARABIA FREQUENCY CONVERTER MARKET BY APPLICATION (THOUSAND UNITS), 2020-2030
TABLE 129Â Â Â Â Â Â Â Â Â Â Â SOUTH AFRICA FREQUENCY CONVERTER MARKET BY TYPE (USD BILLION), 2020-2030
TABLE 130Â Â Â Â Â Â Â Â Â Â Â SOUTH AFRICA FREQUENCY CONVERTER MARKET BY TYPE (THOUSAND UNITS), 2020-2030
TABLE 131Â Â Â Â Â Â Â Â Â Â Â SOUTH AFRICA FREQUENCY CONVERTER MARKET BY APPLICATION (USD BILLION), 2020-2030
TABLE 132Â Â Â Â Â Â Â Â Â Â Â SOUTH AFRICA FREQUENCY CONVERTER MARKET BY APPLICATION (THOUSAND UNITS), 2020-2030
TABLE 133Â Â Â Â Â Â Â Â Â Â Â REST OF MIDDLE EAST AND AFRICA FREQUENCY CONVERTER MARKET BY TYPE (USD BILLION), 2020-2030
TABLE 134Â Â Â Â Â Â Â Â Â Â Â REST OF MIDDLE EAST AND AFRICA FREQUENCY CONVERTER MARKET BY TYPE (THOUSAND UNITS), 2020-2030
TABLE 135Â Â Â Â Â Â Â Â Â Â Â REST OF MIDDLE EAST AND AFRICA FREQUENCY CONVERTER MARKET BY APPLICATION (USD BILLION), 2020-2030
TABLE 136Â Â Â Â Â Â Â Â Â Â Â REST OF MIDDLE EAST AND AFRICA FREQUENCY CONVERTER MARKET BY APPLICATION (THOUSAND UNITS), 2020-2030
LIST OF FIGURES
FIGURE 1Â Â Â Â Â Â Â Â Â Â Â Â Â MARKET DYNAMICS
FIGURE 2Â Â Â Â Â Â Â Â Â Â Â Â Â MARKET SEGMENTATION
FIGURE 3Â Â Â Â Â Â Â Â Â Â Â Â Â REPORT TIMELINES: YEARS CONSIDERED
FIGURE 4Â Â Â Â Â Â Â Â Â Â Â Â Â DATA TRIANGULATION
FIGURE 5Â Â Â Â Â Â Â Â Â Â Â Â Â BOTTOM-UP APPROACH
FIGURE 6Â Â Â Â Â Â Â Â Â Â Â Â Â TOP-DOWN APPROACH
FIGURE 7Â Â Â Â Â Â Â Â Â Â Â Â Â RESEARCH FLOW
FIGURE 8Â Â Â Â Â Â Â Â Â Â Â Â Â GLOBAL FREQUENCY CONVERTER MARKET BY TYPE, USD BILLION, 2020-2030
FIGURE 9Â Â Â Â Â Â Â Â Â Â Â Â Â GLOBAL FREQUENCY CONVERTER MARKET BY APPLICATION, USD BILLION, 2020-2030
FIGURE 10Â Â Â Â Â Â Â Â Â Â GLOBAL FREQUENCY CONVERTER MARKET BY REGION, USD BILLION, 2020-2030
FIGURE 11          PORTER’S FIVE FORCES MODEL
FIGURE 12Â Â Â Â Â Â Â Â Â Â GLOBAL FREQUENCY CONVERTER MARKET BY TYPE, USD BILLION, 2022
FIGURE 13Â Â Â Â Â Â Â Â Â Â GLOBAL FREQUENCY CONVERTER MARKET BY APPLICATION, USD BILLION, 2022
FIGURE 14Â Â Â Â Â Â Â Â Â Â GLOBAL FREQUENCY CONVERTER MARKET BY REGION, USD BILLION, 2022
FIGURE 15Â Â Â Â Â Â Â Â Â Â MARKET SHARE ANALYSIS
FIGURE 16Â Â Â Â Â Â Â Â Â Â ABB LTD: COMPANY SNAPSHOT
FIGURE 17Â Â Â Â Â Â Â Â Â Â GENERAL ELECTRIC COMPANY: COMPANY SNAPSHOT
FIGURE 18Â Â Â Â Â Â Â Â Â Â APLAB LTD: COMPANY SNAPSHOT
FIGURE 19Â Â Â Â Â Â Â Â Â Â SIEMENS: COMPANY SNAPSHOT
FIGURE 20Â Â Â Â Â Â Â Â Â Â DANFOSS: COMPANY SNAPSHOT
FIGURE 21Â Â Â Â Â Â Â Â Â Â MAGNUS POWER: COMPANY SNAPSHOT
FIGURE 22Â Â Â Â Â Â Â Â Â Â GEORATOR CORPORATION: COMPANY SNAPSHOT
FIGURE 23Â Â Â Â Â Â Â Â Â Â AELCO: COMPANY SNAPSHOT
FIGURE 24Â Â Â Â Â Â Â Â Â Â NR ELECTRIC: COMPANY SNAPSHOT
FIGURE 25Â Â Â Â Â Â Â Â Â Â KGS ELECTRONICS: COMPANY SNAPSHOT
FAQ
The frequency converter market is expected to grow at 5.85 % CAGR from 2023 to 2030. It is expected to reach above USD 38.22 Billion by 2030 from USD 25.68 Billion in 2023.
Asia Pacific held more than 34 % of the frequency converter market revenue share in 2022 and will witness expansion in the forecast period.
The need for energy-efficient motor control systems is a major driver of the frequency converter market. Frequency converters allow motors to operate at variable speeds and torque, reducing energy consumption and improving energy efficiency.
The aerospace and defense are major sector where the application of frequency converter has seen more.
The markets largest share is in the Asia Pacific region.
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