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Share this article Share this article ResearchAndMarkets.com s offering. The global frequency converter market by revenue is expected to grow at a CAGR of 5% during 2020-2026. The market is expected to grow due to the growth in industrial production, technological advancements, urbanization, and industries expansion. Static frequency converters are expected to witness the highest revenue share by product type, driving the market growth. The market is expected to grow at a stable rate in the short term due to industrial development restrictions; however, the market is anticipated to grow during the forecast period backed by industrial and economic development across the globe. Emerging markets such as APAC and Latin America are expected to witness the highest growth during the forecast period due to or increased investments by developed countries, favorable government policies, and FDIs, and shifting focus toward domestic manufacturing. Automation, robotization, energy conservat

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