Global Frequency Converter Market 2021 (Includes Business Impact of COVID-19)

                                          
Report updated on 11th September, 2021: Global Frequency Converter Market 2021 (Includes Business Impact of COVID-19)
Global Frequency Converter Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2030 is a recent report generated by Trusted Business Insights. The global frequency converter market report has been segmented on the basis of sensor type, end user, and region.
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The global Frequency Converter market size was valued at USD$ 17.14 billion in 2020 and is projected to reach UDS$39.82 billion by 2030, and is anticipated to expand at a CAGR of 8.47% over the forecast period from 2020 to 2030.


Global Frequency Converter Market: Overview


Frequency converter, also known as frequency changer, is an electronic device that alternates frequency of current for certain frequency to another frequency. Frequency converter is categorized into two types namely rotary frequency converter and solid state frequency converter.


Global Frequency Converter Market: Dynamics


Increasing demand for frequency converters in defense, aviation, industrial automation, and oil & gas sector is a major factor driving growth of the global frequency converter market. In addition, upgradation of infrastructure in industrial sector is another factor supporting growth of the global market. Furthermore, growing use of frequency converters in power generation plants is a factor expected to support growth of the global frequency converter market.

However, different electricity standards in various countries is a factor that may hamper growth of the global frequency converter market. Nevertheless, increasing demand for electrical equipments can create high revenue opportunities for prominent players in the target market.


Global Frequency Converter Market: Segment Analysis


Among the type segments, the static segment is expected to account for major share in terms of revenue in the global market. Static frequency converter is type of the device that according to the input set point, alters frequency of an input signal. It has low installation cost as it does not require heavy machinery. Compared to other mechanical coverts it offers low noise and also occupies less space. These are factors supporting growth of this segment in the target market. In addition, increasing demand for static frequency converter, owing to rising awareness regarding noise pollution is another factor supporting growth of this segment.

Among the end user segments, the aerospace & defense segment is expected to register lucrative growth in terms of revenue over the forecast period. In case of aircraft maintenance, frequency converters are used for reducing its dependency on auxiliary power units, as frequency converters helps to supply required power to the aircraft is a factor anticipated to fuel growth of aerospace & defense segment in the near future.


Global Frequency Converter Market: Regional Analysis


Currently, market in Europe dominates in the global market in terms of revenue and is expected to maintain its position over the forecast period. High investment for expansion of aviation, energy and marine infrastructure in countries such as UK and Germany is a key factor driving growth of the target market in this region. In addition, presence of prominent players in this region is another factor expected to support growth of the frequency converter market in the near future. Market in North America accounts for second-highest share in terms of revenue in the near future. Market in Asia Pacific is anticipated to register lucrative growth in terms of revenue in the near future, followed by Latin America and Middle East & Africa. Increasing demand for frequency converter, owing to growing industrial sector is a key factor fueling growth of the target market in Asia Pacific.


Below are the active patents related to Frequency Converter Market.


Patent Number: EP2897243A1

Frequency-conversion differential protection method for output transformer of static frequency convertor system

Abstract

In a frequency-conversion differential protection method for an output transformer of a static frequency converter (SFC) system, a protection device measures the three-phase current on each side of the output transformer of the SFC system; according to the connection manner of the output transformer, triangle side is used as a reference to perform phase correction on the star side; at the same time, in consideration of the secondary rated current on each side of the transformer are different, a balance coefficient on each side is adjusted, to calculate sampling values of correcting current on each side and the differential current; a generatorstart-up and shutdown protection algorithm which unaffected by frequency is used to calculate amplitude values of the correcting current, the differential current, and the restraint current; and frequency-conversion differential protection for the output transformer is implemented by using biased differential characteristic and according to magnitudes of the differential current and the restraint current. The protection method adapts to a large-scale frequency change, and compared with instantaneous overcurrent protection, greatly improves the sensitivity of detection on an internal fault of the output transformer.

Application File Date: 2013-07-01

Application Granted Date: 2019-02-06

Current Assignee: NR Electric Co Ltd, NR Engineering Co Ltd

Global Frequency Converter Market Segmentation:

Segmentation by type:

  
Rotary
  
Static

Segmentation by end user:

  
Oil & Gas
  
Process Industry
  
Aerospace & Defense
  
Marine/Offshore
  
Power & Energy


Key Market Players included in the report:


  
ABB Ltd. (Switzerland)
  
Aelco
  
Aplab Ltd. (India)
  
Avionic Instruments LLC Corporation
  
Danfoss Engineering Tomorrow
  
General Electric Company (U.S.)
  
Georator Corporation
  
KGS Electronics
  
Langley Holdings Plc
  
Magnus Power Pvt. Ltd. (India)
  
Nova Electric
  
NR Electric Co Ltd
  
Piller Group GmbH (Germany)
  
Power Systems & Controls Inc. (US)
  
Siemens AG (Germany)
  
Sinepower (Portugal)