Matrix Converter market anticipates Double Digit CAGR from 2020-2026
Posted On May 05, 2020
The Global Matrix Converter Market is foreseen to grow at a remarkable double digit CAGR during the year 2020-2026 as estimated by the report from Value Market Research wherein the market value is expected to grow from USD 2.3 billion in 2019. The thriving utilization of electronic applications such as incinerator pumps, blowers, and boilers where matrix converters are used, is escalating the market growth. Also, the growing demand for matrix converters as a protective shield for the circuit safeguarding it from overvoltage is another considerable driving factor in the market growth. However, the absence of bilateral switches, which can be fully controlled and lack of ability to operate at high frequencies inhibits the matrix converter market growth. With more and more nations adopting sustainable power generation methods, the use of matrix converters in high power generation is anticipated to increase its penetration in the market.
Matrix Converter is an array of committed semiconductor switches that connects the source to the load, wherein both the source and load are three-phased. It eliminates the frequency constraint that exists with thyristor-based converters. It offers AC voltage control without any need for any DC link in between. These are inherently bi-directional, thus making regeneration possible. Matrix Converter finds its application in general industrial machines, fans, pumps, and more. Precisely, there are two types of matrix converters, IMC and CMC. These converters provide sinusoidal input and output waveforms, with least higher-order harmonics and none subharmonics.
The "Global Matrix Converter Market Report By Type (CMC Matrix Converter And IMC Matrix Converter), Application (General Industrial Machines And Fans or Pumps) And By Regions - Industry Trends, Size, Share, Growth, Estimation and Forecast, 2019-2026" provides statistical data on the basis of revenue/or volume as well as qualitative data gathered from reliable sources. The market drivers responsible for pushing the market growth are discussed in length in the report. The matrix converter market opportunities are useful to identify the profit canters and take the strategic decision accordingly.
By type the matrix converter market is divided into CMC matrix converter and IMC matrix converter. On the basis of application the matrix converter market is divided into general industrial machines and fans or pumps.
Geographically the research study provides data on North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa regions. Each region is segregated into North America (North America, United State and Rest of North America), Europe (United Kingdom, France, Germany, Rest of Europe), Asia Pacific (China, Japan, India, Rest of Asia Pacific), Latin America (Brazil, Rest of Latin America) and Middle East & Africa This section provides the estimates of market by segment. This section provides the estimates of market by segment thus, providing valuable data to take strategic decisions.
The Report Segments Global Matrix Converter Market -
- CMC Matrix Converter
- IMC Matrix Converter
- General Industrial Machines
- Fans or Pumps
Players Profiled In the Report:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
ABB, ARVI Systems and Controls, Bonfiglioli Transmissions, Hitachi Electric, Hyundai, Mitsubishi Electric, Riello PCI, Samsung, Siemens Electric, Toyo Electric, Yaskawa, and others.
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