Dublin, Dec. 30, 2019 (GLOBE NEWSWIRE) -- The "Frequency Converter Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024" report has been added to ResearchAndMarkets.com's offering.

The global frequency converter market was worth US$ 18.2 Billion in 2018. Looking forward, the market is forecast to reach a value of US$ 29.7 Billion by 2024, registering a CAGR of 8.5% during 2019-2024.

Rising industrial usage of frequency converters is one of the key factors driving their market growth. There is an increasing demand for efficient electric machinery and technologically advanced equipment in the developing countries. The development of high-speed rails that require frequency converters to control the speed of engines, pumps and fans are further catalyzing the growth of the market.

Furthermore, the equipment is also being extensively used in the aerospace and defense industry where it is used for monitoring the activities of refinement axes. In the manufacturing sector, these converters are used to operate electrical machinery at varying speeds to enhance performance and overall productivity. Additionally, with the increasing trend of offshore wind power generation, the demand for the product has significantly grown.

Moreover, product innovations such as the integration of advanced output filters that dampen the common mode currents and simultaneously change the phase-to-phase voltage into a sinusoidal signal are also contributing to the growth of the market.

The report has also analysed the competitive landscape of the market with some of the key players being ABB Ltd, General Electric Company, Aplab, Siemens, Danfoss, Magnus Power, Georator Corporation, Aelco, Piller, NR Electric, KGS Electronics, Avionic Instruments, Power System & Control, Sinepower, etc.

Key Questions Answered in This Report

• How has the global frequency converter market performed so far and how will it perform in the coming years?
• What are the key regional markets in the global frequency converter industry?
• What is the breakup of the market based on the type?
• What is the breakup of the market based on the end use industry?
• What are the various stages in the value chain of the global frequency converter industry?
• What are the key driving factors and challenges in the global frequency converter industry?
• What is the structure of the global frequency converter industry and who are the key players?
• What is the degree of competition in the global frequency converter industry?

Key Topics Covered

1 Preface

2 Scope and Methodology

3 Executive Summary

4 Introduction
4.1 Overview
4.2 Key Industry Trends

5 Global Frequency Converter Market
5.1 Market Overview
5.2 Market Performance
5.3 Market Breakup by Type
5.4 Market Breakup by Use Industry
5.5 Market Breakup by Region
5.6 Market Forecast

6 Market Breakup by Type
6.1 Static Frequency Converter
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Rotary Frequency Converter
6.2.1 Market Trends
6.2.2 Market Forecast

7 Market Breakup by End Use Industry
7.1 Aerospace and Defense
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Power and Energy
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Oil and Gas
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Traction
7.4.1 Market Trends
7.4.2 Market Forecast
7.5 Marine/Offshore
7.5.1 Market Trends
7.5.2 Market Forecast
7.6 Process Industry
7.6.1 Market Trends
7.6.2 Market Forecast
7.7 Others
7.7.1 Market Trends
7.7.2 Market Forecast

8 Market Breakup by Region
8.1 Europe
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 North America
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Asia Pacific
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Middle East and Africa
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Latin America
8.5.1 Market Trends
8.5.2 Market Forecast

9 SWOT Analysis
9.1 Overview
9.2 Strengths
9.3 Weaknesses
9.4 Opportunities
9.5 Threats

10 Value Chain Analysis

11 Porter's Five Forces Analysis
11.1 Overview
11.2 Bargaining Power of Buyers
11.3 Bargaining Power of Suppliers
11.4 Degree of Competition
11.5 Threat of New Entrants
11.6 Threat of Substitutes

12 Price Analysis

13 Competitive Landscape
13.1 Market Structure
13.2 Key Players
13.3 Profiles of Key Players
13.3.1 ABB Ltd
13.3.2 General Electric Company
13.3.3 Aplab
13.3.4 Siemens
13.3.5 Danfoss
13.3.6 Magnus Power
13.3.7 Georator Corporation
13.3.8 Aelco
13.3.9 Piller
13.3.10 NR Electric
13.3.11 KGS Electronics
13.3.12 Avionic Instruments
13.3.13 Power System & Control
13.3.14 Sinepower

For more information about this report visit https://www.researchandmarkets.com/r/edb9g9

Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.

CONTACT: ResearchAndMarkets.com
         Laura Wood, Senior Press Manager
         press@researchandmarkets.com
         For E.S.T Office Hours Call 1-917-300-0470
         For U.S./CAN Toll Free Call 1-800-526-8630
         For GMT Office Hours Call +353-1-416-8900