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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

August 2015 | 171 pages | ID: F4173B60AFEEN
MarketsandMarkets

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Frequency converter market growth has been drive by the increasing demand for aerospace & defense infrastructure, and increasing industrial automation and upgradation of oil & gas, power, manufacturing plants. Also, increasing import and export trade activities of manufactured goods across nations worldwide are expected to boost the demand of frequency converters in process industry.

Electrical machineries used in manufacturing facilities operate at different power frequencies, and to run them various frequency converters are used. Emerging economies such as China, India, Brazil, Argentina, Saudi Arabia, and others offer promising growth opportunities for the frequency converter market.

The report “Frequency converter Market, By Type (Static, Rotary), By End-User (Aerospace & Defense, Process Industry, Power & Energy, Traction, Oil & Gas, Marine/Offshore), And By Region (North America, Latin America, Asia-Pacific, Europe, and the Middle East & Africa) – Global Forecast and Trends to 2020”, defines and segments the global frequency converter market with analysis and forecasting of the global market size (USD million). The report also touches on various important aspects of the market. These include analysis of the value chain, drivers, restraints, opportunities, challenges, Porter’s Five Forces model, and the competitive landscape.

Europe Dominating the Frequency Converter Market

Europe dominated the frequency converter market in 2014, followed by North America. The increasing aerospace & defense and oil & gas activities, growth of process industry in European region, along with introduction of high-speed rails, and rising trend of using advanced equipment for traction substations, are driving the growth of frequency converter in this market. Growing infrastructure and process industry modernization in the U.K., Germany, Russia, and France, are the key factors to increase the demand for frequency converters in Europe. The market in Europe is projected to grow at a steady rate in frequency converter market, with the U.K. and Germany showing the fastest growth within the region.
1 INTRODUCTION

1.1 OBJECTIVES OF THE STUDY
1.2 MARKET DEFINITION
1.3 MARKET SCOPE
  1.3.1 MARKETS COVERED
  1.3.2 YEARS CONSIDERED FOR THE STUDY
1.4 CURRENCY
1.5 LIMITATIONS
1.6 STAKEHOLDERS

2 RESEARCH METHODOLOGY

  2.1.1 SECONDARY DATA
    2.1.1.1 Key data from secondary sources
  2.1.2 PRIMARY DATA
    2.1.2.1 Key data from primary sources
    2.1.2.2 Key industry insights
2.2 MARKET SIZE ESTIMATION
2.3 BREAKDOWN OF PRIMARY INTERVIEWS
2.4 MARKET BREAKDOWN & DATA TRIANGULATION
2.5 RESEARCH ASSUMPTIONS

3 EXECUTIVE SUMMARY

4 PREMIUM INSIGHTS

4.1 ATTRACTIVE MARKET OPPORTUNITIES FOR STATIC FREQUENCY CONVERTERS
4.2 FREQUENCY CONVERTER MARKET: TWO TYPES OF FREQUENCY CONVERTERS
4.3 AEROSPACE & DEFENSE DOMINATED THE FREQUENCY CONVERTER MARKET IN 2014
4.4 FREQUENCY CONVERTERS: TOP 15 COUNTRIES
4.5 EUROPE DOMINATED FREQUENCY CONVERTER MARKET IN 2014
4.6 DEMAND FOR STATIC FREQUENCY CONVERTERS IS PROJECTED TO INCREASE BY 2020

5 MARKET OVERVIEW

5.1 INTRODUCTION
5.2 MARKET SEGMENTATION
5.3 MARKET DYNAMICS
  5.3.1 DRIVERS
    5.3.1.1 Highest electrical efficiency
    5.3.1.2 Suitable for varied applications
    5.3.1.3 High electricity prices
    5.3.1.1 Development & modernization of infrastructure
  5.3.2 RESTRAINTS
    5.3.2.1 Cost impact
    5.3.2.2 Electricity standards
  5.3.3 OPPORTUNITIES
    5.3.3.1 Growing concerns over emissions from conventional power generation methods
    5.3.3.2 Demand for electrical devices & equipment
    5.3.3.3 Huge market potential for frequency converter devices
  5.3.4 CHALLENGES
    5.3.4.1 Power ratings as per client's requirements
    5.3.4.2 Noise from frequency converters

6 INDUSTRY TRENDS

6.1 INTRODUCTION
6.2 VALUE CHAIN ANALYSIS
6.3 SUPPLY CHAIN ANALYSIS
6.4 PORTER’S FIVE FORCES ANALYSIS
  6.4.1 THREAT OF SUBSTITUTES
  6.4.2 BARGAINING POWER OF BUYERS
  6.4.3 BARGAINING POWER OF SUPPLIERS
  6.4.4 THREAT OF NEW ENTRANTS
  6.4.5 INTENSITY OF COMPETITIVE RIVALRY

7 FREQUENCY CONVERTER MARKET, BY TYPE

7.1 INTRODUCTION
7.2 ROTARY FREQUENCY CONVERTER
7.3 STATIC FREQUENCY CONVERTER

8 FREQUENCY CONVERTER MARKET, BY END-USER

8.1 INTRODUCTION
8.2 AEROSPACE & DEFENSE
8.3 POWER & ENERGY
8.4 PROCESS INDUSTRY
8.5 TRACTION
8.6 OIL & GAS
8.7 MARINE/OFFSHORE
8.8 OTHER END-USERS

9 FREQUENCY CONVERTER MARKET, BY REGION

9.1 INTRODUCTION
9.2 EUROPE
  9.2.1 INTRODUCTION
  9.2.2 BY END-USER
    9.2.2.1 By country analysis
  9.2.3 BY TYPE
    9.2.3.1 By country analysis
9.3 NORTH AMERICA
  9.3.1 INTRODUCTION
  9.3.2 BY END-USER
    9.3.2.1 By country analysis
  9.3.3 BY TYPE
    9.3.3.1 By country analysis
9.4 ASIA-PACIFIC
  9.4.1 INTRODUCTION
  9.4.2 BY END-USER
    9.4.2.1 By country analysis
  9.4.3 BY TYPE
    9.4.3.1 By country analysis
9.5 LATIN AMERICA
  9.5.1 INTRODUCTION
  9.5.2 BY END-USER
    9.5.2.1 By country analysis
  9.5.3 BY TYPE
    9.5.3.1 By country analysis
9.6 MIDDLE EAST & AFRICA
  9.6.1 INTRODUCTION
  9.6.2 BY END-USER
    9.6.2.1 By country analysis
  9.6.3 BY TYPE
    9.6.3.1 By country analysis

10 COMPETITIVE LANDSCAPE

10.1 OVERVIEW
10.2 COMPETITIVE SITUATION & TRENDS
10.3 MARKET SHARE ANALYSIS: FREQUENCY CONVERTER MARKET (BY KEY PLAYERS)
10.4 PARTNERSHIPS/AGREEMENTS/COLLABORATIONS
10.5 EXPANSIONS
10.6 NEW PRODUCT DEVELOPMENTS

11 COMPANY PROFILES

(Company at a Glance, Recent Financials, Products & Services, Strategies & Insights, & Recent Developments)*

11.1 INTRODUCTION
11.2 ABB LTD.
11.3 GENERAL ELECTRIC COMPANY
11.4 SIEMENS AG
11.5 DANFOSS A/S
11.6 APLAB LTD.
11.7 MAGNUS POWER
11.8 AELCO
11.9 GEORATOR CORPORATION
11.10 KGS ELECTRONICS
11.11 NR ELECTRIC CO., LTD.
11.12 PILLER GMBH
11.13 AVIONIC INSTRUMENTS LLC
11.14 POWER SYSTEM & CONTROL
11.15 SINEPOWER

*Details on company at a glance, recent financials, products & services, strategies & insights, & recent developments might not be captured in case of unlisted companies.

12 APPENDIX

12.1 INSIGHTS OF INDUSTRY EXPERTS
12.2 OTHER DEVELOPMENTS
12.3 DISCUSSION GUIDE
12.4 INTRODUCING RT: REAL TIME MARKET INTELLIGENCE
12.5 AVAILABLE CUSTOMIZATIONS
12.6 RELATED REPORTS

LIST OF TABLES

TABLE 1 HIGH ELECTRICAL EFFICIENCY, VERSATILITY IN APPLICATIONS, & DEVELOPMENT OF INFRASTRUCTURE PROPELLING GROWTH OF THE FREQUENCY CONVERTER MARKET
TABLE 2 COST IMPACT & DIFFERENT ELECTRICITY STANDARDS RESTRAIN MARKET GROWTH
TABLE 3 INCREASING DEMAND FOR ELECTRONIC DEVICES AND GROWING CONCERNS OVER EMISSIONS ARE THE KEY OPPORTUNITIES
TABLE 4 POWER RATINGS AS PER CLIENTS REQUIREMENTS & NOISE FROM FREQUENCY CONVERTERS ARE THE CHALLENGES OF THE FREQUENCY CONVERTER MARKET
TABLE 5 FREQUENCY CONVERTER MARKET SIZE, BY TYPE, 2013-2020 (USD MILLION)
TABLE 6 ROTARY FREQUENCY CONVERTER MARKET SIZE, BY REGION, 2013-2020 (USD MILLION)
TABLE 7 STATIC FREQUENCY CONVERTER MARKET SIZE, BY REGION, 2013-2020 (USD MILLION)
TABLE 8 FREQUENCY CONVERTER MARKET SIZE, BY END-USER, 2013-2020 (USD MILLION)
TABLE 9 AEROSPACE & DEFENSE: FREQUENCY CONVERTER MARKET SIZE, BY REGION, 2013-2020 (USD MILLION)
TABLE 10 POWER & ENERGY: FREQUENCY CONVERTER MARKET SIZE, BY REGION, 2013-2020 (USD MILLION)
TABLE 11 PROCESS INDUSTRY: FREQUENCY CONVERTER MARKET SIZE, BY REGION, 2013-2020 (USD MILLION)
TABLE 12 TRACTION: FREQUENCY CONVERTER MARKET SIZE, BY REGION, 2013-2020 (USD MILLION)
TABLE 13 OIL & GAS: FREQUENCY CONVERTER MARKET SIZE, BY REGION, 2013-2020 (USD MILLION)
TABLE 14 MARINE/OFFSHORE: FREQUENCY CONVERTER MARKET SIZE, BY REGION, 2013-2020 (USD MILLION)
TABLE 15 OTHER END-USERS: FREQUENCY CONVERTER MARKET SIZE, BY REGION, 2013-2020 (USD MILLION)
TABLE 16 FREQUENCY CONVERTER MARKET SIZE, BY REGION, 2013-2020 (USD MILLION)
TABLE 17 EUROPE: FREQUENCY CONVERTER MARKET SIZE, BY COUNTRY, 2013-2020 (USD MILLION)
TABLE 18 EUROPE: FREQUENCY CONVERTER MARKET SIZE, BY END-USER, 2013-2020 (USD MILLION)
TABLE 19 U.K.: FREQUENCY CONVERTER MARKET SIZE, BY END-USER, 2013-2020 (USD MILLION)
TABLE 20 GERMANY: FREQUENCY CONVERTER MARKET SIZE, BY END-USER, 2013-2020 (USD MILLION)
TABLE 21 RUSSIA: FREQUENCY CONVERTER MARKET SIZE, BY END-USER, 2013-2020 (USD MILLION)
TABLE 22 FRANCE: FREQUENCY CONVERTER MARKET SIZE, BY END-USER, 2013-2020 (USD MILLION)
TABLE 23 REST OF EUROPE: FREQUENCY CONVERTER MARKET SIZE, BY END-USER, 2013-2020 (USD MILLION)
TABLE 24 EUROPE: FREQUENCY CONVERTER MARKET SIZE, BY TYPE, 2013-2020 (USD MILLION)
TABLE 25 U.K.: FREQUENCY CONVERTER MARKET SIZE, BY TYPE, 2013-2020 (USD MILLION)
TABLE 26 GERMANY: FREQUENCY CONVERTER MARKET SIZE, BY TYPE, 2013-2020 (USD MILLION)
TABLE 27 RUSSIA: FREQUENCY CONVERTER MARKET SIZE, BY TYPE, 2013-2020 (USD MILLION)
TABLE 28 FRANCE: FREQUENCY CONVERTER MARKET SIZE, BY TYPE, 2013-2020 (USD MILLION)
TABLE 29 REST OF EUROPE: FREQUENCY CONVERTER MARKET SIZE, BY TYPE, 2013-2020 (USD MILLION)
TABLE 30 NORTH AMERICA: FREQUENCY CONVERTER MARKET SIZE, BY COUNTRY, 2013-2020 (USD MILLION)
TABLE 31 NORTH AMERICA: FREQUENCY CONVERTER MARKET SIZE, BY END-USER, 2013-2020 (USD MILLION)
TABLE 32 U.S.: FREQUENCY CONVERTER MARKET SIZE, BY END-USER, 2013-2020 (USD MILLION)
TABLE 33 CANADA: FREQUENCY CONVERTER MARKET SIZE, BY END-USER, 2013-2020 (USD MILLION)
TABLE 34 NORTH AMERICA: FREQUENCY CONVERTER MARKET SIZE, BY TYPE, 2013-2020 (USD MILLION)
TABLE 35 U.S.: FREQUENCY CONVERTER MARKET SIZE, BY TYPE, 2013-2020 (USD MILLION)
TABLE 36 CANADA: FREQUENCY CONVERTER MARKET SIZE, BY TYPE, 2013-2020 (USD MILLION)
TABLE 37 ASIA-PACIFIC: FREQUENCY CONVERTER MARKET SIZE, BY COUNTRY, 2013-2020 (USD MILLION)
TABLE 38 ASIA-PACIFIC: FREQUENCY CONVERTER MARKET SIZE, BY END-USER, 2013-2020 (USD MILLION)
TABLE 39 JAPAN: FREQUENCY CONVERTER MARKET SIZE, BY END-USER, 2013-2020 (USD MILLION)
TABLE 40 CHINA: FREQUENCY CONVERTER MARKET SIZE, BY END-USER, 2013-2020 (USD MILLION)
TABLE 41 INDIA: FREQUENCY CONVERTER MARKET SIZE, BY END-USER, 2013-2020 (USD MILLION)
TABLE 42 AUSTRALIA: FREQUENCY CONVERTER MARKET SIZE, BY END-USER, 2013-2020 (USD MILLION)
TABLE 43 REST OF ASIA-PACIFIC: FREQUENCY CONVERTER MARKET SIZE, BY END-USER, 2013-2020 (USD MILLION)
TABLE 44 ASIA-PACIFIC: FREQUENCY CONVERTER MARKET SIZE, BY TYPE, 2013-2020 (USD MILLION)
TABLE 45 JAPAN: FREQUENCY CONVERTER MARKET SIZE, BY TYPE, 2013-2020 (USD MILLION)
TABLE 46 CHINA: FREQUENCY CONVERTER MARKET SIZE, BY TYPE, 2013-2020 (USD MILLION)
TABLE 47 INDIA: FREQUENCY CONVERTER MARKET SIZE, BY TYPE, 2013-2020 (USD MILLION)
TABLE 48 AUSTRALIA: FREQUENCY CONVERTER MARKET SIZE, BY TYPE, 2013-2020 (USD MILLION)
TABLE 49 REST OF ASIA-PACIFIC: FREQUENCY CONVERTER MARKET SIZE, BY TYPE, 2013-2020 (USD MILLION)
TABLE 50 LATIN AMERICA: FREQUENCY CONVERTER MARKET SIZE, BY COUNTRY, 2013-2020 (USD MILLION)
TABLE 51 LATIN AMERICA: FREQUENCY CONVERTER MARKET SIZE, BY END-USER, 2013-2020 (USD MILLION)
TABLE 52 BRAZIL: FREQUENCY CONVERTER MARKET SIZE, BY END-USER, 2013-2020 (USD MILLION)
TABLE 53 MEXICO: FREQUENCY CONVERTER MARKET SIZE, BY END-USER, 2013-2020 (USD MILLION)
TABLE 54 ARGENTINA: FREQUENCY CONVERTER MARKET, BY END-USER, 2013-2020 (USD MILLION)
TABLE 55 REST OF LATIN AMERICA: FREQUENCY CONVERTER MARKET SIZE, BY END-USER, 2013-2020 (USD MILLION)
TABLE 56 LATIN AMERICA: FREQUENCY CONVERTER MARKET SIZE, BY TYPE, 2013-2020 (USD MILLION)
TABLE 57 BRAZIL: FREQUENCY CONVERTER MARKET SIZE, BY TYPE, 2013-2020 (USD MILLION)
TABLE 58 MEXICO: FREQUENCY CONVERTER MARKET SIZE, BY TYPE, 2013-2020 (USD MILLION)
TABLE 59 ARGENTINA: FREQUENCY CONVERTER MARKET SIZE, BY TYPE, 2013-2020 (USD MILLION)
TABLE 60 REST OF LATIN AMERICA: FREQUENCY CONVERTER MARKET SIZE, BY TYPE, 2013-2020 (USD MILLION)
TABLE 61 MIDDLE EAST & AFRICA: FREQUENCY CONVERTER MARKET SIZE, BY COUNTRY, 2013-2020 (USD MILLION)
TABLE 62 MIDDLE EAST & AFRICA: FREQUENCY CONVERTER MARKET SIZE, BY END-USER, 2013-2020 (USD MILLION)
TABLE 63 SAUDI ARABIA: FREQUENCY CONVERTER MARKET SIZE, BY END-USER, 2013-2020 (USD MILLION)
TABLE 64 SOUTH AFRICA: FREQUENCY CONVERTER MARKET SIZE, BY END-USER, 2013-2020 (USD MILLION)
TABLE 65 UAE: FREQUENCY CONVERTER MARKET SIZE, BY END-USER, 2013-2020 (USD MILLION)
TABLE 66 REST OF THE MIDDLE EAST & AFRICA: FREQUENCY CONVERTER MARKET SIZE, BY END-USER, 2013-2020 (USD MILLION)
TABLE 67 MIDDLE EAST & AFRICA: FREQUENCY CONVERTER MARKET SIZE, BY TYPE, 2013-2020 (USD MILLION)
TABLE 68 UAE: FREQUENCY CONVERTER MARKET SIZE, BY TYPE, 2013-2020 (USD MILLION)
TABLE 69 SAUDI ARABIA: FREQUENCY CONVERTER MARKET SIZE, BY TYPE, 2013-2020 (USD MILLION)
TABLE 70 SOUTH AFRICA: FREQUENCY CONVERTER MARKET SIZE, BY TYPE, 2013-2020 (USD MILLION)
TABLE 71 REST OF THE MIDDLE EAST & AFRICA: FREQUENCY CONVERTER MARKET, BY TYPE, 2013-2020 (USD MILLION)
TABLE 72 PARTNERSHIPS/AGREEMENTS/COLLABORATIONS, 2014-2015
TABLE 73 EXPANSIONS, 2013-2015
TABLE 74 NEW PRODUCT DEVELOPMENTS, 2013-2014

LIST OF FIGURES

FIGURE 1 MARKETS COVERED: FREQUENCY CONVERTER MARKET
FIGURE 2 FREQUENCY CONVERTER MARKET: RESEARCH DESIGN
FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
FIGURE 5 BREAKDOWN OF PRIMARY INTERVIEWS: BY COMPANY TYPE, DESIGNATION, & REGION
FIGURE 6 MARKET ESTIMATION APPROACH & DATA TRIANGULATION METHODOLOGY
FIGURE 7 FREQUENCY CONVERTER MARKET: END-USER SNAPSHOT
FIGURE 8 EUROPE DOMINATED THE FREQUENCY CONVERTER MARKET IN 2014
FIGURE 9 MAXIMUM DEMAND FOR FREQUENCY CONVERTER IN THE AEROSPACE & DEFENSE SECTOR IS EXPECTED TO COME FROM THE EUROPEAN MARKET DURING THE FORECAST PERIOD
FIGURE 10 STATIC FREQUENCY TO DOMINATE DURING THE FORECAST PERIOD
FIGURE 11 ATTRACTIVE MARKET OPPORTUNITIES IN FREQUENCY CONVERTERS
FIGURE 12 STATIC FREQUENCY CONVERTERS EXPECTED TO GROW AT A HIGHER RATE
FIGURE 13 AEROSPACE & DEFENSE FREQUENCY MARKET IS EXPECTED TO CAPTURE THE MAJOR SHARE BY 2020
FIGURE 14 JAPAN IS THE FASTEST GROWING COUNTRY TO DEMAND FREQUENCY CONVERTERS FROM 2015 TO 2020
FIGURE 15 EUROPE ACCOUNTED FOR THE LARGEST SHARE IN THE FREQUENCY CONVERTER MARKET IN 2014
FIGURE 16 STATIC FREQUENCY CONVERTER MARKET IS EXPECTED TO GROW AT A HIGHER CAGR DURING THE FORECAST PERIOD
FIGURE 17 MARKET SEGMENTATION: FREQUENCY CONVERTER MARKET
FIGURE 18 MARKET DYNAMICS: FREQUENCY CONVERTER MARKET
FIGURE 19 VALUE CHAIN ANALYSIS: MAJOR VALUE IS ADDED AT MANUFACTURING & ASSEMBLY PROCESS OF FREQUENCY CONVERTERS
FIGURE 20 SUPPLY CHAIN ANALYSIS: FREQUENCY CONVERTERS MARKET
FIGURE 21 PORTER’S FIVE FORCES ANALYSIS – FREQUENCY CONVERTERS MARKET
FIGURE 22 STATIC FREQUENCY CONVERTER MARKET IS EXPECTED TO GROW AT A HIGHER CAGR DURING THE FORECAST PERIOD
FIGURE 23 AEROSPACE & DEFENSE TO DOMINATE DURING THE FORECAST PERIOD
FIGURE 24 REGIONAL SNAPSHOT OF THE FREQUENCY CONVERTER MARKET IN 2014
FIGURE 25 ASIA-PACIFIC TO DOMINATE DURING THE FORECAST PERIOD
FIGURE 26 EUROPE: STATIC FREQUENCY CONVERTER EXPECTED TO GROW AT A HIGHER CAGR DURING THE FORECAST PERIOD
FIGURE 27 NORTH AMERICA: REGIONAL SNAPSHOT
FIGURE 28 NORTH AMERICA: FREQUENCY CONVERTER MARKET, BY COUNTRY, COMPARISON 2015 VS. 2020
FIGURE 29 ASIA-PACIFIC: REGIONAL SNAPSHOT
FIGURE 30 AEROSPACE & DEFENSE SECTOR TO DOMINATE THE FREQUENCY CONVERTER MARKET IN ASIA-PACIFIC BY 2020
FIGURE 31 CHINA: POWER & ENERGY EXPECTED TO GROW AT THE FASTEST CAGR DURING THE FORECAST PERIOD
FIGURE 32 COMPANIES ADOPTED PARTNERSHIPS/AGREEMENTS/COLLABORATIONS AS THE KEY GROWTH STRATEGY DURING 2012 & 2015
FIGURE 33 MARKET EVALUATION FRAMEWORK: PARTNERSHIP/AGREEMENTS/COLLABORATIONS HAVE FUELED GROWTH FROM 2012 TO 2015
FIGURE 34 FREQUENCY CONVERTER MARKET SHARE (VALUE), BY MAJOR MARKET PLAYERS, 2014
FIGURE 35 GEOGRAPHIC REVENUE MIX OF THE TOP 5 PLAYERS
FIGURE 36 ABB LTD.: COMPANY SNAPSHOT
FIGURE 37 ABB LTD.: SWOT ANALYSIS
FIGURE 38 GENERAL ELECTRIC COMPANY: COMPANY SNAPSHOT
FIGURE 39 GENERAL ELECTRIC COMPANY: SWOT ANALYSIS
FIGURE 40 SIEMENS AG: COMPANY SNAPSHOT
FIGURE 41 SIEMENS AG: SWOT ANALYSIS
FIGURE 42 DANFOSS A/S: COMPANY SNAPSHOT
FIGURE 43 DANFOSS A/S: SWOT ANALYSIS
FIGURE 44 APLAB LTD.: COMPANY SNAPSHOT


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