See How Frequency Converter Market Grows Rapidly to
Reach $23.2 Billion till 2020
The report “Frequency Converter Market by Type (Static and Rotary), by End-User
(Aerospace & Defense, Power & Energy, Process Industry, Traction, Oil & Gas, and
Marine/Offshore), and by Region - Global Forecast and Trends to 2020” defines and
segments the global frequency converter market with analysis and forecast of the market size.
The frequency converter market is expected to grow from an estimated market size of USD 15.0
Billion in 2015 to USD 23.2 Billion by 2020, growing at a CAGR of 9.1%.
Browse 74 tables and 42 figures spread through 223 Pages and in-depth TOC on "Frequency
Converter Market - Global Forecast and Trends to 2020"
Growth of frequency converter market is contributed by demand from develo ping economies
need for efficient process systems. A major portion of the demand for frequency converters
comes from aerospace & defence, traction, and process industry end-users in Europe, North
America, and Asia-Pacific regions. Increasing demand across diverse sectors for process and
equipment efficiency for enhanced output create the need for frequency converters.
Increasing requirements of frequency converter in oil & gas, power & energy, marine/offshore,
and research & testing activities among others, is giving more scope for contracts of end-users
with the manufacturers. The figure below shows the global frequency converter market share by
region in 2014.
Frequency Converter Market report has been segmented on the basis of type, end -user, and
region as follows:
On the basis of Type: The report considers basic types of frequency converters, Static Frequency
Converter, and Rotary Frequency Converter
On the basis of End-Users: Under this segmentation, the report considers various types of end
users such as, Aerospace & Defense, Power & Energy, Process Industry, Traction, Oil & Gas, and
Marine/Offshore
On the basis of Region: The regions analysed in the report include Asia-Pacific, Europe, North
America, Latin America, and the Middle East & Africa. Developing economies from the regions,