Energy and Power Frequency Converter Market

See How Frequency Converter Market Grows Rapidly to Reach $23.2 Billion till 2020 The report “Frequency Converter Market by Type (Static and Rotary), by End-User (Aerospace & Defense, Power & Energy, Process Industry, Traction, Oil & Gas, and Marine/Offshore), and by Region - Global Forecast and Trends to 2020” defines and segments the global frequency converter market with analysis and forecast of the market size. The frequency converter market is expected to grow from an estimated market size of USD 15.0 Billion in 2015 to USD 23.2 Billion by 2020, growing at a CAGR of 9.1%. Browse 74 tables and 42 figures spread through 223 Pages and in-depth TOC on "Frequency Converter Market - Global Forecast and Trends to 2020" Growth of frequency converter market is contributed by demand from develo ping economies need for efficient process systems. A major portion of the demand for frequency converters comes from aerospace & defence, traction, and process industry end-users in Europe, North America, and Asia-Pacific regions. Increasing demand across diverse sectors for process and equipment efficiency for enhanced output create the need for frequency converters. Increasing requirements of frequency converter in oil & gas, power & energy, marine/offshore, and research & testing activities among others, is giving more scope for contracts of end-users with the manufacturers. The figure below shows the global frequency converter market share by region in 2014. Frequency Converter Market report has been segmented on the basis of type, end -user, and region as follows: On the basis of Type: The report considers basic types of frequency converters, Static Frequency Converter, and Rotary Frequency Converter On the basis of End-Users: Under this segmentation, the report considers various types of end users such as, Aerospace & Defense, Power & Energy, Process Industry, Traction, Oil & Gas, and Marine/Offshore On the basis of Region: The regions analysed in the report include Asia-Pacific, Europe, North America, Latin America, and the Middle East & Africa. Developing economies from the regions,