The India frequency converter market size reached USD 1,078.9 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 2,375.6 Million by 2033, exhibiting a growth rate (CAGR) of 8.71% during 2025-2033.
Report Attribute
|
Key Statistics
|
---|---|
Base Year
|
2024
|
Forecast Years
|
2025-2033
|
Historical Years
|
2019-2024
|
Market Size in 2024
|
USD 1,078.9 Million |
Market Forecast in 2033
|
USD 2,375.6 Million |
Market Growth Rate 2025-2033 | 8.71% |
A frequency converter, or frequency changer, refers to an instrument used to convert the input supply frequency as required by specific machinery or equipment. It feeds the connected machinery with the desired current frequency and voltage level. Frequency converters are also used in renewable energy systems, wherein they form an essential component of doubly-fed induction generators (DFIGs) as used in modern multi-megawatt class wind turbines.
India represents one of the largest frequency converter markets in the Asia Pacific region. The market is primarily driven by high investments in the infrastructure and manufacturing sectors. Besides this, India offers a favorable business landscape, administrative setup, attractive policies regarding FDI, and a cheap and skilled labor force. The availability of all these factors has prompted many international companies to set up their manufacturing operations in India. Several automotive companies, such as BMW, Daimler, Volvo, Ford, Hyundai, Suzuki, and Volkswagen, have also initiated various expansion programs. The consequent increase in the demand for AC drives will, thereby, impel the sales of frequency converters across the country.
IMARC Group provides an analysis of the key trends in each segment of the India frequency converter market report, along with forecasts at the country and regional levels 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 Region:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Report Features | Details |
---|---|
Base Year of the Analysis | 2024 |
Historical Period | 2019-2024 |
Forecast Period | 2025-2033 |
Units | Million USD |
Segment Coverage | Type, End Use Industry, Region |
Region Covered | North India, West and Central India, South India, East India |
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: