The Europe frequency converter market size reached USD 9.0 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 18.2 Billion by 2033, exhibiting a growth rate (CAGR) of 8.2% during 2025-2033.
Report Attribute
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Key Statistics
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Base Year
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2024
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Forecast Years
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2025-2033
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Historical Years
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2019-2024
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Market Size in 2024
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USD 9.0 Billion |
Market Forecast in 2033
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USD 18.2 Billion |
Market Growth Rate 2025-2033 | 8.2% |
A frequency converter, also known as frequency changer, refers to electromechanical equipment used to change the frequency of alternating current (AC). It transforms fixed-rate and voltage sinewave or line power into a variable frequency and voltage output. This power conversion device uses a combination of semiconductors and diodes to facilitate proper frequency change. It also manipulates the speed, torque, and processes the temperature without using a separate controller. In Europe, frequency converters have gained traction as they are low cost and do not require additional throttle valves and dampers. They also reduce the electrical and mechanical stress on the machine and its sub-components.
Europe represents one of the largest markets for frequency converters in the world. The market is primarily driven by the European Union's new motor efficiency regulation, the premium efficiency stage, or IE3. This has been mandated by Regulation 640/2009 for all-electric motors, resulting in the shift toward higher efficiency standards that requires the use of frequency converters. Besides this, the rising usage of frequency converters in industrial applications is also contributing to the market growth. Furthermore, the increasing offshore windmill installations, especially in Northern Europe, in the North Sea, the Irish Sea, Baltic Sea, and the English Channel, have increased the demand for the product.
IMARC Group provides an analysis of the key trends in each sub-segment of the Europe frequency converter market report, along with forecasts at the regional and country level from 2025-2033. Our report has categorized the market based on type and end use industry.
Breakup by Type:
Breakup by End Use Industry:
Breakup by Country:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Report Features | Details |
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Base Year of the Analysis | 2024 |
Historical Period | 2019-2024 |
Forecast Period | 2025-2033 |
Units | Billion USD |
Segment Coverage | Type, End Use Industry, Country |
Countries Covered | Germany, France, United Kingdom, Italy, Spain, Others |
Customization Scope | 10% Free Customization |
Post-Sale Analyst Support | 10-12 Weeks |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Questions Answered in This Report: