FREQUENCY CONVERTERS MARKET: INTRODUCTION
Frequency converters, also known as frequency changers, are electronic or electromechanical gadgets that convert AC (alternating current) of one frequency to AC of another frequency. Frequency converters are power transformation gadgets. Conventionally, these gadgets were electromechanical machines and were known as motor generator sets. As a rule, these devices comprise of a rectifier (to produce direct current), which is then modified to deliver AC of required frequency. A battery may be added to the DC hardware to enhance the converter’s ride-through of brief blackouts in information control. There are three basic components of any frequency converter, namely rectifier, inverter, and DC-link.
In order to convert stable power frequency to variable frequency, frequency converters work on a basic principle, which can be defined in two steps. In the first one, an AC power source is rectified into DC voltage, and in the second step, this DC voltage is chopped into AC voltage in order to convert it into the required frequency.
Frequency converters offer several advantages, such as low maintenance costs, controlled ramp-up speed, limited torque, easy start, etc. Several benefits enable their adoption in several applications, such as temperature control of any process, pressure and flow control, capability of being good sensors, etc.
Another application is in the aviation and aircraft businesses. Regularly planes utilize 400 Hz control so a 50 Hz or 60 Hz to 400 Hz frequency converters are required for use in the ground control unit used to control the plane while it is on the ground. Carriers may likewise use the converters to give in-air divider current to travelers for use with tablets and so forth. In renewable vitality frameworks, frequency converters are a basic segment of double bolstered acceptance generators as utilized as a part of present day multi-megawatt class wind turbines.
Frequency converters are ordinarily used to control the speed of engines, fundamentally pumps and fans. The most requesting application ranges are found on modern preparing lines, where the control precision necessities can be high. This is especially valid in the atomic power and weapons industry, where these gadgets control the operation of refinement axes.
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FREQUENCY CONVERTERS MARKET: DYNAMICS
The frequency converters market is driven by many factors, such as increasing demand from end user side, research and testing activities, uses in the defense mechanism, etc. Along with aforementioned factors, the demand for electric machinery, and the need for effective and efficient equipment are associated with the growth of the market.
Increase in usage of technologically advanced equipment and utilization of high-speed rails can be considered as trends in the frequency converters market.
FREQUENCY CONVERTERS MARKET: SEGMENTATION
- Segmentation of the frequency converters market on the basis of type:
- Rotary frequency converters
- Static frequency converters
- Segmentation of the frequency converters market on the basis of end-user:
- Power & energy
- Oil & gas
- Marine/offshore market
- Aerospace & defense
FREQUENCY CONVERTERS MARKET: REGIONAL OUTLOOK
Europe holds a major share of the frequency converters market, followed by North America and Asia-Pacific. Rising demand from some sectors, such as aerospace, defense, oil, gas, etc. has contributed to growth of the frequency converters market. Also, growth in infrastructure, industrialization, and modernization in some regions, such as Western Europe and Eastern Europe is expected to enhance the market for frequency converters in the forecasted period. Additionally, some countries such as the U.K. and Germany are forecasted to exhibit comparatively high growth in this market.
The market share of some developing countries, such as India and South Africa is expected to grow owing to increasing awareness to reduce air and noise pollution.
Developing economies from Asia-Pacific and the Middle East & Africa show productive market opportunities for frequency converter manufacturers.
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FREQUENCY CONVERTERS MARKET: MARKET PARTICIPANTS
Examples of some of the market participants in the frequency converters market identified across the value chain are Nova Electric, ABB Ltd, Danfoss Engineering Tomorrow, Siemens Ltd, Sinepower, Aelco, Aplab Limited, Avionic Instruments LLC Corporation, General Electric, Georator Corporation, KGS Electronics, Magnus Power Private Limited, NR Electric Co Ltd, Langley Holdings Plc, and Power Systems & Controls Inc.
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