PUNE, India, August 21, 2015 /PRNewswire/ --
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"
Early buyers will receive 10% customization on this report.
Growth of Frequency Converter Market is contributed by demand from developing economies, and need for efficient process systems. A major portion of the demand for frequency converters comes from aerospace & defense, 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.
Download Sample Pages of Report: http://www.marketsandmarkets.com/requestsample.asp?id=235193864
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.
The report forecasts revenue of the global Frequency Converter Market, which includes the key type of frequency converters with respect to main regions such as North America, Latin America, Asia-Pacific, Europe, and the Middle East and Africa. Frequency Converter Market is also analyzed on the basis of the end use industries which include aerospace & defense, process industry, power & energy, traction, oil & gas, and marine/offshore market.
Frequency Converter Market includes major players such as ABB Ltd. (Switzerland), Danfoss A/S (Denmark), General Electric Company (U.S.), Siemens AG (Germany), Magnus Power (U.K.), Sinepower (Portugal), Aplab Ltd. (India), Power System & Control (Virginia), and Piller GmbH (Germany).
Browse related reports
Variable Frequency Drives Market by Type (AC, DC, Servo), Power Range (Micro, Low, Medium, High), Voltage (Low & Medium), Application (Pump, Fan, Compressor, Conveyor, Elevator, Extruder) and Geography - Global Market Trends & Forecast to 2019
Distribution Voltage Regulator Market by Type (Ferro resonant and Tap Switching), by End-Users (Commercial, Industrial, and Residential) & by Region (Americas, Europe, Asia-Pacific, and the Middle East & Africa) - Global Trends & Forecast to 2019
MarketsandMarkets is world's No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.
M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
Visit MarketsandMarkets Blog @ http://www.marketsandmarketsblog.com/market-reports/energy-and-power
Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets