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Worldwide Frequency Converter Industry to 2026 - Players Include ABB, Bosch and Danfoss Among Others

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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, e ....

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Frequency Converter Market Size to Reach Revenues of over USD 25 Billion by 2026

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CHICAGO, March 17, 2021 /PRNewswire/ In-depth analysis and data-driven insights on the impact of COVID-19 included in this global frequency converter market report.
The global frequency converter market is expected to grow at a CAGR of approximately 5% during the period 2020−2021.
Key Highlights Offered in the Report:
Regions such as APAC and Europe are expected to be the major demand generators in the market, followed by North America. However, the Middle East and Latin America regions are anticipated to create opportunities with industrial developments in the F&B, oil and gas, and other industries.
The market is highly fragmented with various vendors that operate and sell frequency converters across the globe. There is intense competition among vendors for market share and the market is characterized by the rapidly changing technological environment that is expected to adversely affect vendors. ....

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