Asia Pacific Frequency Converter Market Size, Share & Industry Trends Analysis Report By Type (Rotary and Static), By End User, By Country and Growth Forecast, 2022 - 2028
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Market Report Description
The Asia Pacific Frequency Converter Market would witness market growth of 6.5% CAGR during the forecast period (2022-2028).
Blowers that are operated with frequency converters use less energy. When compared to a motor running at steady velocity for the same duration, a variable frequency drive driving a blower motor can significantly reduce energy usage. It is crucial to evaluate the advantages for each application prior to calculating the shorter payback period because this benefit changes depending on system characteristics.
When the load being powered is susceptible to the input power frequency, issues arise. Motors, for instance, operate at a multiple of the power frequency. A 60 Hz motor will therefore rotate at 1800 or 3600 RPM. However, the Speed changes to 1500 or 3000 RPM when 50 Hz power is introduced. Because machines are frequently speed-sensitive, the power required to operate them must match the design RPM anticipated.
In India, there is an increasing requirement for fresh water for a variety of uses as a result of the country's rapid and unplanned urbanization as well as economic expansion. However, the country's water supplies are seriously threatened by spatiotemporal fluctuations in freshwater supply, climate unpredictability, as well as human, development, and management issues.
The role of water source pollution, including surface and groundwater pollution, in reducing the quantity of available fresh water for various uses has not received the attention it deserves. Excessive withdrawal from the surface, as well as underground sources & inefficient water use, have been acknowledged as reasons for decreased availability of fresh water with respect to space and time.
The China market dominated the Asia Pacific Frequency Converter Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $3,094.5 million by 2028.The Japan market is estimated to grow a CAGR of 5.8% during (2022 - 2028). Additionally, The India market would experience a CAGR of 7.1% during (2022 - 2028).
Based on Type, the market is segmented into Rotary and Static. Based on End User, the market is segmented into Aerospace & Defense, Traction, Oil & Gas, Marine/Offshore, Power & Energy and Process Industry & Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Siemens AG, ABB Group, General Electric (GE) Co., The Danfoss Group, Aplab Limited, NR Electric Co., Ltd., Magnus Power Pvt. Ltd., KGS Electronics, Georator Corporation, and Advance Electronic Labs., Corp.
Scope of the Study
Market Segments Covered in the Report:
By End User
- Aerospace & Defense
- Oil & Gas
- Power & Energy
- Process Industry & Others
- South Korea
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Siemens AG
- ABB Group
- General Electric (GE) Co.
- The Danfoss Group
- Aplab Limited
- NR Electric Co., Ltd.
- Magnus Power Pvt. Ltd.
- KGS Electronics
- Georator Corporation
- Advance Electronic Labs., Corp.
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