세계의 주파수 변환기 시장 예측(-2030년) : 유형별, 전압 유형별, 통합 유형별, 용도별, 최종 사용자별, 지역별 분석

According to Stratistics MRC, the Global Frequency Converter Market is accounted for $25.1 billion in 2024 and is expected to reach $44.7 billion by 2030 growing at a CAGR of 10.1% during the forecast period. A frequency converter is an electronic device that changes the frequency of an input electrical signal to a different output frequency. It is commonly used to adapt electrical power systems, enabling devices or machinery to operate at different frequencies than what is available in the power supply. Frequency converters are essential in applications such as motors, transformers, and power grids, where the frequency of the input current does not match the operational requirements. They are widely used in industries like manufacturing, telecommunications, and renewable energy to ensure compatibility and optimal performance of equipment.

Market Dynamics:

Driver:

Growing adoption of renewable energy

The growing adoption of renewable energy is significantly driving the market. As solar, wind, and other renewable sources become more integrated into power grids, frequency converters are crucial in stabilizing energy output by converting variable frequencies to a consistent form. These converters enable efficient energy transmission, enhance grid stability, and improve the performance of renewable energy systems, accelerating their widespread use in both commercial and residential sectors.

Restraint:

Complexity of integration

The complexity of integration in the market can pose significant challenges. As systems become more sophisticated, the integration of frequency converters with existing infrastructure can be difficult and time-consuming, leading to higher installation costs and potential system inefficiencies. In addition, the need for specialized knowledge to configure and maintain these devices can increase operational costs and cause delays in deployment, hindering the growth of the market in some regions.

Opportunity:

Demand for smart homes and buildings

The increasing demand for smart homes and buildings is boosting the market. As these structures integrate advanced automation systems, efficient energy management, and smart appliances, frequency converters play a key role in ensuring seamless power conversion and optimization. They help in stabilizing electrical systems, enabling devices to operate at varying frequencies, and enhancing energy efficiency, which is critical for the performance of modern, tech-driven homes and commercial buildings.

Threat:

Lack of skilled professionals

The lack of skilled professionals in the market can lead to operational inefficiencies and increased costs. Inadequate expertise in installation, maintenance, and troubleshooting may result in improper system integration, causing performance issues or even equipment failure. Additionally, the shortage of qualified technicians may delay project timelines, limit the adoption of advanced technology, and increase reliance on external support, ultimately hindering market growth and innovation.

Covid-19 Impact:

The COVID-19 pandemic disrupted the market by causing delays in manufacturing, supply chain interruptions, and reduced demand in certain sectors due to economic uncertainty. Many industrial projects were postponed or canceled, affecting the adoption of frequency converters. However, the growing need for energy efficiency and automation in critical sectors like healthcare and renewable energy provided a partial recovery, driving demand for frequency converters in those areas.

The motor control segment is expected to be the largest market share during the forecast period

The motor control segment is expected to account for the largest market share during the forecast period. Frequency converters enable efficient motor operation by adjusting the power frequency to meet specific performance requirements. This enhances energy efficiency, reduces wear and tear on motors, and improves system reliability. Motor control solutions are widely used in industries like manufacturing, HVAC, and transportation, driving demand for advanced frequency converter technologies.

The telecommunications segment is expected to have the highest CAGR during the forecast period

Over the forecast period, the telecommunications segment is predicted to witness the highest growth rate. They help convert varying frequencies to match the requirements of communication equipment, ensuring optimal performance and reducing downtime. Frequency converters also facilitate smooth operation of satellite systems, data centers, and wireless networks by maintaining consistent power, which is essential for high-speed data transmission and uninterrupted service, driving growth in the telecommunications sector.

Region with largest share:

During the forecast period, the North America region is expected to hold the largest market share. The region's focus on modernizing energy grids, integrating renewable sources, and enhancing energy efficiency drives the need for frequency converters. Additionally, the presences of key industries such as manufacturing, telecommunications, and utilities further fuels market expansion, as companies seek reliable solutions for power conversion and system optimization.

Region with highest CAGR:

Over the forecast period, the Asia Pacific region is anticipated to exhibit the highest CAGR due to various factors, such as the rise of renewable energy, industrialization, and advancements in technology. Growing industries like manufacturing, automotive, and construction in countries like China and India drive the demand for frequency converters. Additionally, frequency converters play a role in integrating renewable energy sources like wind and solar into the grid, and Asia Pacific has been rapidly adopting these technologies.

Key players in the market

Some of the key players in Frequency Converter market include Siemens AG, ABB Ltd., Schneider Electric SE, General Electric (GE), Mitsubishi Electric Corporation, Eaton Corporation, Danfoss Group, Fuji Electric Co., Ltd., Emerson Electric Co., Rockwell Automation, Inc., Delta Electronics, Inc., ABB Power Grids, Hitec Products AS, ArcelorMittal, Cavotec SA and Parker Hannifin Corporation.

Key Developments:

In June 2023, Danfoss announced the launch of its new frequency converter, the VLT(R) AutomationDrive FC 500. The VLT(R) AutomationDrive FC 500 is designed to be more modular and easy to install than previous generations of frequency converters.

In May 2023, Siemens announced the launch of its new frequency converter, the Sinamics G120. The Sinamics G120 is designed to be more scalable and flexible than previous generations of frequency converters.

Types Covered:

• Rotary Frequency Converters
• Static Frequency Converters

Voltage Types Covered:

• Low
• Medium
• High

Integration Types Covered:

• Standalone
• Integrated

Applications Covered:

• Motor Control
• Aircraft and Avionics
• Power Generation
• Broadcasting
• Medical Equipment
• Other Applications

End Users Covered:

• Industrial
• Military & Aerospace
• Energy & Utilities
• Transportation
• Telecommunications
• Healthcare
• Other End Users

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface

• 2.1 Abstract
• 2.2 Stake Holders
• 2.3 Research Scope
• 2.4 Research Methodology
  • 2.4.1 Data Mining
  • 2.4.2 Data Analysis
  • 2.4.3 Data Validation
  • 2.4.4 Research Approach
• 2.5 Research Sources
  • 2.5.1 Primary Research Sources
  • 2.5.2 Secondary Research Sources
  • 2.5.3 Assumptions

3 Market Trend Analysis

• 3.1 Introduction
• 3.2 Drivers
• 3.3 Restraints
• 3.4 Opportunities
• 3.5 Threats
• 3.6 Application Analysis
• 3.7 End User Analysis
• 3.8 Emerging Markets
• 3.9 Impact of Covid-19

4 Porters Five Force Analysis

• 4.1 Bargaining power of suppliers
• 4.2 Bargaining power of buyers
• 4.3 Threat of substitutes
• 4.4 Threat of new entrants
• 4.5 Competitive rivalry

5 Global Frequency Converter Market, By Type

• 5.1 Introduction
• 5.2 Rotary Frequency Converters
• 5.3 Static Frequency Converters

6 Global Frequency Converter Market, By Voltage Type

• 6.1 Introduction
• 6.2 Low
• 6.3 Medium
• 6.4 High

7 Global Frequency Converter Market, By Integration Type

• 7.1 Introduction
• 7.2 Standalone
• 7.3 Integrated

8 Global Frequency Converter Market, By Application

• 8.1 Introduction
• 8.2 Motor Control
• 8.3 Aircraft and Avionics
• 8.4 Power Generation
• 8.5 Broadcasting
• 8.6 Medical Equipment
• 8.7 Other Applications

9 Global Frequency Converter Market, By End User

• 9.1 Introduction
• 9.2 Industrial
• 9.3 Military & Aerospace
• 9.4 Energy & Utilities
• 9.5 Transportation
• 9.6 Telecommunications
• 9.7 Healthcare
• 9.9 Other End Users

10 Global Frequency Converter Market, By Geography

• 10.1 Introduction
• 10.2 North America
  • 10.2.1 US
  • 10.2.2 Canada
  • 10.2.3 Mexico
• 10.3 Europe
  • 10.3.1 Germany
  • 10.3.2 UK
  • 10.3.3 Italy
  • 10.3.4 France
  • 10.3.5 Spain
  • 10.3.6 Rest of Europe
• 10.4 Asia Pacific
  • 10.4.1 Japan
  • 10.4.2 China
  • 10.4.3 India
  • 10.4.4 Australia
  • 10.4.5 New Zealand
  • 10.4.6 South Korea
  • 10.4.7 Rest of Asia Pacific
• 10.5 South America
  • 10.5.1 Argentina
  • 10.5.2 Brazil
  • 10.5.3 Chile
  • 10.5.4 Rest of South America
• 10.6 Middle East & Africa
  • 10.6.1 Saudi Arabia
  • 10.6.2 UAE
  • 10.6.3 Qatar
  • 10.6.4 South Africa
  • 10.6.5 Rest of Middle East & Africa

11 Key Developments

• 11.1 Agreements, Partnerships, Collaborations and Joint Ventures
• 11.2 Acquisitions & Mergers
• 11.3 New Product Launch
• 11.4 Expansions
• 11.5 Other Key Strategies

12 Company Profiling

• 12.1 Siemens AG
• 12.2 ABB Ltd.
• 12.3 Schneider Electric SE
• 12.4 General Electric (GE)
• 12.5 Mitsubishi Electric Corporation
• 12.6 Eaton Corporation
• 12.7 Danfoss Group
• 12.8 Fuji Electric Co., Ltd.
• 12.9 Emerson Electric Co.
• 12.10 Rockwell Automation, Inc.
• 12.12 Delta Electronics, Inc.
• 12.12 ABB Power Grids
• 12.13 Hitec Products AS
• 12.14 ArcelorMittal
• 12.15 Cavotec SA
• 12.16 Parker Hannifin Corporation