Matrix Converter Market Scope
Matrix Converter are generally reliable for handling variable voltages and variable frequencies drives. It is used for direct AC to AC converter that motoring and regenerative power flow capability. Graphic processor market is expected to mark significant growth over forecasted period owing to increasing consumers spending on various applications such are escalators, cranes & others. Matrix Converter allows users to provide low internal inductance, slightly modifying existing IGBT module and output. This result in rising popularity of bidirectional switches that control current flow in two directions between the power grid and a motor platforms, increasing demand of portable devices, escalating need for high-speed cellular networks, and growing popularity of cloud computing may trigger demand and help in industry expansion.
The market study is being classified by Type (CMC Matrix Converter and IMC Matrix Converter), by Application (General Industrial Machines, Fans, Pumps, Cranes, Elevators, Escalators and Others) and major geographies with country level break-up.
Research Analyst at AMA predicts that Japanese, German and United States Players will contribute to the maximum growth of Global Matrix Converter market throughout the predicted period.
Fuji Eletric (Japan), Yaskawa (Japan), ABB (Switzerland), Mitsubishi Electric (Japan), Hitachi Electric (Japan), Siemens Electric (Germany), Toyo Electric (Japan), Samsung (South Korea), Hyundai (South Korea), ARVI Systems & Controls (India), Bonfiglioli Transmissions (Italy) and Riello PCI (India) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Emerson Network Power (India), Sew-Eurodrive (Germany), SU-KAM Power Systems Ltd. (India) and Uniline Energy Systems (India).
AdvanceMarketAnalytics has segmented the market of Global Matrix Converter market by Type, Application and Region. On the basis of Type, CMC Matrix Converter are dominating the market in the year 2018 where as IMC Matrix Converter stood as second largest market share.
On the basis of geography, the market of Matrix Converter has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2018. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement. If we see Market by Sales Channel, the sub-segment i.e. OEMs will boost the Matrix Converter market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
In July 2018, Yaskawa Electric Corporation launched a Matrix Converter U1000 which is beneficial in providing various instruments that are operated on a ship that including hydraulic pumps, compressors and cranes.
- Substitutes Available For Matrix Converter.
- Rising Demand of Matrix Converter in Asia- Pacific regions
- Increase Number of Matrix Converter Application in Wind & Water Force Machines.
- Rapid Demand for Ac/Ac Conversion Fuelled Up the Matrix Converter Market.
- Proliferation of PWM Modulation Technique Leads to Grow the Matrix Converter Market.
- Upsurge Demand of Electric Power Conversion Topologies.
- Rise in Demand of Matrix Converter in Cranes, Elevators and Escalators.
- Lack of Awareness Among the Customers Hampers the Matrix Converter Market.
- High Cost Associated with Matrix Converter.
- Limitation Due to Government Interventions are Anticipated to Challenge the Market.
Key Target AudienceMatrix Converter Manufacturers, Matrix Converter Traders, End-Use Market Participants of Different Segments of Matrix Converter, Government and Research Organizations, R&D Institutions and Others
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