Frequency Converter Market: 2019 Global Industry Size, Share, Trends, Growth Application, Emerging Demand And Opportunit

1. Market Research Future published a Half Cooked Research Report on “Global Frequency Converter Market Research Report - Forecast to 2023 ”– Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023 . Frequency Converter Global Market – Overview 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 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

2. 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. Browse Full Report @ https://www.marketresearchfuture.com/reports/frequency-converter- market-3218 Key Players: Piller Group GmbH (Germany), ABB Ltd (Switzerland), Power Systems & Controls Inc (USA), Danfoss (Denmark), Aplab Ltd. (India), General Electric Company (USA), Sinepower (Portugal), Siemens (Germany) and Magnus Power Pvt. Ltd. (India) are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the global frequency converter market. 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. Contact Info: Company Name: Market Research Future Email: sales@marketresearchfuture.com

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