The North America Frequency Converter Market would witness market growth of 5.6% CAGR during the forecast period (2022-2028).
Governments and trade organizations are anticipated to implement favorable rules and regulations over the projected period. The market's customers are fully informed of their needs and how the industry can satisfy them. The enlarging of the sources of supply is enabling the market participants to produce goods that can successfully compete in the market. It is predicted that the market expansion will pick up speed in the upcoming years due to the upgrading of production capacity. It is anticipated that the cooperation of rivals in this industry would give way to new advancements and the introduction of unique products. Better research and development trials and activities are predicted to be carried out in the upcoming period as a result of the companies' improved economic situation.
Manufacturers of frequency converters are consistently implementing cutting-edge technology. Technical support is a crucial component of the company; in other words, technology is what makes businesses successful. It will result in significant modifications as long as the original equipment or comparable devices use the technology. Frequency converter use can occasionally result in a qualitative shift. Such technological advancement will undoubtedly increase their company's competitiveness.
The use of space capabilities gives the US and its allies previously unheard-of advantages in terms of military operations, homeland security, and political decision-making. While a small number of private companies have led the most recent space travel initiatives, there are currently discussions about adding the Space Force as the US military's sixth branch. In the projection years, this is expected to motivate public sector investments in space technologies. The US Department of Military (DoD) as well as the US aerospace and defense sector will probably both gain from the establishment of the US Space Command. In addition, the US Space Command manages space operations utilizing personnel and resources managed by the Space Force.
The US market dominated the North America Frequency Converter Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $5,743.9 million by 2028.The Canada market is poised to grow at a CAGR of 8% during (2022 - 2028). Additionally, The Mexico market would witness 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Frequency Converter Market is Estimated to reach $28.7 Billion by 2028, at a CAGR of 6.1%
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 Type
By End User
- Aerospace & Defense
- Traction
- Oil & Gas
- Marine/Offshore
- Power & Energy
- Process Industry & Others
By Country
- US
- Canada
- Mexico
- Rest of North America
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.
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Frequency Converter Market, by Type
1.4.2 North America Frequency Converter Market, by End User
1.4.3 North America Frequency Converter Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition & Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. North America Frequency Converter Market by Type
3.1 North America Rotary Market by Country
3.2 North America Static Market by Country
Chapter 4. North America Frequency Converter Market by End User
4.1 North America Aerospace & Defense Market by Country
4.2 North America Traction Market by Country
4.3 North America Oil & Gas Market by Country
4.4 North America Marine/Offshore Market by Country
4.5 North America Power & Energy Market by Country
4.6 North America Process Industry & Others Market by Country
Chapter 5. North America Frequency Converter Market by Country
5.1 US Frequency Converter Market
5.1.1 US Frequency Converter Market by Type
5.1.2 US Frequency Converter Market by End User
5.2 Canada Frequency Converter Market
5.2.1 Canada Frequency Converter Market by Type
5.2.2 Canada Frequency Converter Market by End User
5.3 Mexico Frequency Converter Market
5.3.1 Mexico Frequency Converter Market by Type
5.3.2 Mexico Frequency Converter Market by End User
5.4 Rest of North America Frequency Converter Market
5.4.1 Rest of North America Frequency Converter Market by Type
5.4.2 Rest of North America Frequency Converter Market by End User
Chapter 6. Company Profiles
6.1 Siemens AG
6.1.1 Company Overview
6.1.2 Financial Analysis
6.1.3 Segmental and Regional Analysis
6.1.4 Research & Development Expense
6.1.5 Recent strategies and developments:
6.1.5.1 Product Launches and Product Expansions:
6.1.5.2 Acquisition and Mergers:
6.1.6 SWOT Analysis
6.2 ABB Group
6.2.1 Company Overview
6.2.2 Financial Analysis
6.2.3 Segmental and Regional Analysis
6.2.4 Research & Development Expense
6.2.5 SWOT Analysis
6.3 General Electric (GE) Co.
6.3.1 Company Overview
6.3.2 Financial Analysis
6.3.3 Segmental and Regional Analysis
6.3.4 Research & Development Expense
6.3.5 SWOT Analysis
6.4 The Danfoss Group
6.4.1 Company Overview
6.4.2 Financial Analysis
6.4.3 Segmental and Regional Analysis
6.4.4 Research & Development Expenses
6.5 Aplab Limited
6.5.1 Company Overview
6.5.2 Financial Analysis
6.6 NR Electric Co., Ltd. (NARI Technology Development Limited Co.)
6.6.1 Company Overview
6.7 Magnus Power Pvt. Ltd.
6.7.1 Company Overview
6.8 KGS Electronics
6.8.1 Company Overview
6.9 Georator Corporation (Worldwide Electric Corporation LLC)
6.9.1 Company Overview
6.10. Advance Electronic Labs., Corp.
6.10.1 Company Overview
TABLE 1 North America Frequency Converter Market, 2018 - 2021, USD Million
TABLE 2 North America Frequency Converter Market, 2022 - 2028, USD Million
TABLE 3 North America Frequency Converter Market by Type, 2018 - 2021, USD Million
TABLE 4 North America Frequency Converter Market by Type, 2022 - 2028, USD Million
TABLE 5 North America Rotary Market by Country, 2018 - 2021, USD Million
TABLE 6 North America Rotary Market by Country, 2022 - 2028, USD Million
TABLE 7 North America Static Market by Country, 2018 - 2021, USD Million
TABLE 8 North America Static Market by Country, 2022 - 2028, USD Million
TABLE 9 North America Frequency Converter Market by End User, 2018 - 2021, USD Million
TABLE 10 North America Frequency Converter Market by End User, 2022 - 2028, USD Million
TABLE 11 North America Aerospace & Defense Market by Country, 2018 - 2021, USD Million
TABLE 12 North America Aerospace & Defense Market by Country, 2022 - 2028, USD Million
TABLE 13 North America Traction Market by Country, 2018 - 2021, USD Million
TABLE 14 North America Traction Market by Country, 2022 - 2028, USD Million
TABLE 15 North America Oil & Gas Market by Country, 2018 - 2021, USD Million
TABLE 16 North America Oil & Gas Market by Country, 2022 - 2028, USD Million
TABLE 17 North America Marine/Offshore Market by Country, 2018 - 2021, USD Million
TABLE 18 North America Marine/Offshore Market by Country, 2022 - 2028, USD Million
TABLE 19 North America Power & Energy Market by Country, 2018 - 2021, USD Million
TABLE 20 North America Power & Energy Market by Country, 2022 - 2028, USD Million
TABLE 21 North America Process Industry & Others Market by Country, 2018 - 2021, USD Million
TABLE 22 North America Process Industry & Others Market by Country, 2022 - 2028, USD Million
TABLE 23 North America Frequency Converter Market by Country, 2018 - 2021, USD Million
TABLE 24 North America Frequency Converter Market by Country, 2022 - 2028, USD Million
TABLE 25 US Frequency Converter Market, 2018 - 2021, USD Million
TABLE 26 US Frequency Converter Market, 2022 - 2028, USD Million
TABLE 27 US Frequency Converter Market by Type, 2018 - 2021, USD Million
TABLE 28 US Frequency Converter Market by Type, 2022 - 2028, USD Million
TABLE 29 US Frequency Converter Market by End User, 2018 - 2021, USD Million
TABLE 30 US Frequency Converter Market by End User, 2022 - 2028, USD Million
TABLE 31 Canada Frequency Converter Market, 2018 - 2021, USD Million
TABLE 32 Canada Frequency Converter Market, 2022 - 2028, USD Million
TABLE 33 Canada Frequency Converter Market by Type, 2018 - 2021, USD Million
TABLE 34 Canada Frequency Converter Market by Type, 2022 - 2028, USD Million
TABLE 35 Canada Frequency Converter Market by End User, 2018 - 2021, USD Million
TABLE 36 Canada Frequency Converter Market by End User, 2022 - 2028, USD Million
TABLE 37 Mexico Frequency Converter Market, 2018 - 2021, USD Million
TABLE 38 Mexico Frequency Converter Market, 2022 - 2028, USD Million
TABLE 39 Mexico Frequency Converter Market by Type, 2018 - 2021, USD Million
TABLE 40 Mexico Frequency Converter Market by Type, 2022 - 2028, USD Million
TABLE 41 Mexico Frequency Converter Market by End User, 2018 - 2021, USD Million
TABLE 42 Mexico Frequency Converter Market by End User, 2022 - 2028, USD Million
TABLE 43 Rest of North America Frequency Converter Market, 2018 - 2021, USD Million
TABLE 44 Rest of North America Frequency Converter Market, 2022 - 2028, USD Million
TABLE 45 Rest of North America Frequency Converter Market by Type, 2018 - 2021, USD Million
TABLE 46 Rest of North America Frequency Converter Market by Type, 2022 - 2028, USD Million
TABLE 47 Rest of North America Frequency Converter Market by End User, 2018 - 2021, USD Million
TABLE 48 Rest of North America Frequency Converter Market by End User, 2022 - 2028, USD Million
TABLE 49 Key Information – Siemens AG
TABLE 50 Key Information – ABB Group
TABLE 51 KEY INFORMATION – GENERAL ELECTRIC (GE) CO.
TABLE 52 Key Information – The Danfoss Group
TABLE 53 Key Information – Aplab Limited
TABLE 54 Key information – NR Electric Co., Ltd.
TABLE 55 Key Information – Magnus Power Pvt. Ltd.
TABLE 56 Key Information – KGS Electronics
TABLE 57 Key Information – Georator Corporation
TABLE 58 Key Information – Advance Electronic Labs., Corp.
List of Figures
FIG 1 Methodology for the research
FIG 2 Recent strategies and developments: Siemens AG
FIG 3 Swot analysis: Siemens AG
FIG 4 SWOT Analysis: ABB Group
FIG 5 Swot analysis: General electric (GE) Co.