LAMEA 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 Latin America, Middle East and Africa Frequency Converter Market would witness market growth of 8.9% CAGR during the forecast period (2022-2028).
A 60-to-50 Hz converter is required to improve the available 60 Hz power to 50 Hz in order for a typical piece of European machinery. The same holds true when converting power from 50 Hz to 60 Hz. While frequency changers have predefined power ratings and capacities, the frequency converters can work with voltages ranging from 100V to 600V. The voltages 110V, 120V, 200V, 220V, 230V, 240V, 380V, 400V, and 480V are the ones that are most frequently specified.
Reversing starters are not required when using a frequency converter because the output phases to the motor could be altered electrically without the use of any mechanical components. The removal of a reversing starter minimizes panel space and lowers maintenance costs. Using a frequency converter can help businesses do away with the expense of gearboxes and other mechanical drive parts. Without a speed-increasing or speed-reduction device in between the motor and load, the frequency inverter can give the low- or high-speed needed by the load since it can work with an infinitely variable speed. This lowers the requirements for floor space along with reducing maintenance expenditures.
Due to the UAE's water shortage, water distillation is now a necessity for the government. The primary cause of the shortage is people's heavy water use for domestic and agricultural uses. People in the UAE waste water carelessly since they have access to free water supplies. When compared to the everyday routine intake for typical domestic use, water waste is even higher on farms. The terrible weather that residents of the Middle East must endure is well known to them. Because the nation is in an arid region, the majority of the precipitation quickly evaporates. In this region, there is almost no surface water; however, occasionally, heavy rainfall may change this.
The Brazil market dominated the LAMEA Frequency Converter Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $554 million by 2028.The Argentina market is experiencing a CAGR of 9.5% during (2022 - 2028). Additionally, The UAE market would display a CAGR of 8.6% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
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
- Saudi Arabia
- South Africa
- Rest of LAMEA
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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