Rising demand for frequency converter in developing countries and efficient systems is driving the frequency converter market worldwide.
Portland, OR -- (SBWIRE) -- 08/01/2017 -- 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.
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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 defense and process industry. Demand for efficient devices across an array of industries to enhance performance is expected to create greater opportunities.
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The frequency converter market is segmented based on type, end user and geography. Types covered in the market research report are static frequency converter as well as rotary frequency converter. The key end users assessed during the marine/offshore, aerospace and defense, traction, power & energy and process industry, oil & gas, and others. Regions such as North America, Europe, Asia -Pacific and LAMEA is expected to observe tremendous growth.
Key market players active in the frequency converter market are Piller GmbH, ABB Ltd., Power System & Control, Danfoss A/S, Aplab Ltd., General Electric Company, Sinepower, Siemens AG and Magnus Power.