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 pressure,
temperature, and flow without the use of a separate controller is
predicted to be a key trend in the Frequency Converter Market, globally.
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.
A Sample of This Report Is Available upon Request @ https://www.marketresearchfuture.com/sample_request/3218
Frequency Converter Global Market – Segmentation
The scope of Global Frequency Converter Market is segmented into two major segments which are explained below:
By Type
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.
Browse The Full Research Report At@ https://www.marketresearchfuture.com/reports/frequency-converter-market-3218
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 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.
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.
A Sample of This Report Is Available upon Request @ https://www.marketresearchfuture.com/sample_request/3218
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
- Aerospace & Defence
- Power & Energy
- Process Industry
- Traction
- Oil & Gas
- Marine/Offshore
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.
Browse The Full Research Report At@ https://www.marketresearchfuture.com/reports/frequency-converter-market-3218
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.
No comments:
Post a Comment