Global Frequency Converter Market to Reach USD 44.4 Billion by 2033, Stimulated by Increasing Demand for Efficient Electrical Equipment

January 06, 2025 | Technology & Media

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According to the latest report by IMARC Group, titled “Frequency Converter Market Report by Type (Static Frequency Converter, Rotary Frequency Converter), End Use Industry (Aerospace and Defense, Power and Energy, Oil and Gas, Traction, Marine/Offshore, Process Industry, and Others), and Region 2025-2033”, the global frequency converter market reached a value of USD 25.8 Billion in 2024. A frequency converter, also known as frequency changer, is an electromechanical device that assists in the conversion of an electrical variable current of one frequency into another. It is widely used for manipulating the speed of a pump, minimizing the electrical and mechanical stress on the equipment and controlling critical processes in cooling and ventilating systems. It also reduces the overall maintenance cost of the equipment and eradicates the need for additional throttle valves and dampers. Some of the other benefits offered by frequency converters include controlling acceleration, eliminating power line disturbances and increasing energy savings.

Global Frequency Converter Market Trends:

The rising demand for efficient electric machinery and technologically advanced equipment around the world represents one of the significant factors propelling the market growth. As a result, frequency converters are widely being used in the aerospace and defense sectors for monitoring activities of refinement axes. These converters are also employed in the manufacturing sector to operate electrical machinery at varying speeds, thereby enhancing their overall performance and productivity. Apart from this, manufacturers are introducing product innovations, such as advanced output filters to dampen the common mode currents and alter the phase-to-phase voltage into a sinusoidal signal. The growing popularity of offshore wind power generation is further driving the demand for frequency converters across the globe. Looking forward, the market value is projected to reach USD 44.4 Billion by 2033, expanding at a CAGR of 5.89% during 2025-2033.

Market Summary:

Based on the type, the market has been bifurcated into static and rotary frequency converters.
On the basis of the end use industry, the market has been classified into aerospace and defense, power and energy, oil and gas, traction, marine/offshore, process industry, and others.
Region-wise, the market has been segmented into Europe, North America, Asia Pacific, Latin America, and Middle East and Africa.
The competitive landscape of the market has also been examined, with some of the key players being ABB Asea Brown Boveri Ltd., General Electric (GE) Company, Aplab Limited, Siemens AG, Danfoss A/S, Magnus Power Private Limited, Georator Corporation, Advance Electronic Labs., Corp., Piller Group (Langley Holdings PLC), NR Electric Co. Ltd., KGS Electronics, Inc., Avionic Instruments LLC, Power System & Controls, Inc., and Shenzhen Sinepower Technology Co., Ltd.

Report Scope:

Report Features	Details
Base Year of the Analysis	2024
Historical Period	2019-2024
Forecast Period	2025-2033
Units	Billion USD
Segment Coverage	Type, End Use Industry, Region
Region Covered	Europe, North America, Asia Pacific, Latin America, Middle East and Africa
Companies Covered	ABB Asea Brown Boveri Ltd., General Electric (GE) Company, Aplab Limited, Siemens AG, Danfoss A/S, Magnus Power Private Limited, Georator Corporation, Advance Electronic Labs., Corp., Piller Group (Langley Holdings PLC), NR Electric Co. Ltd., KGS Electronics, Inc., Avionic Instruments LLC, Power System & Controls, Inc., and Shenzhen Sinepower Technology Co., Ltd.
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)

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IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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Global Frequency Converter Market to Reach USD 44.4 Billion by 2033, Stimulated by Increasing Demand for Efficient Electrical Equipment

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