In accordance with this study, the Global Matrix Converter Market value registered in 2021 was close to USD XX BN and is predicted to outstretch revenue by USD XX BN in 2028 with a CAGR of XX% during the period of 2022-2028.
A matrix converter is basically a converter with a single stage conversion. It uses bidirectional controlled switch for automatic conversion of power from AC to AC. A matrix converter provides an alternate solution to PWM voltage rectifier which is a double-sided rectifier. It has a compact design as it lacks DC links and because of this, the bidirectional switches have controllable power factor input. Matrix converters are generally used in wind or water force machines such as blowers, boilers, incinerators pumps, and others.
The increasing utilization of electronic applications such as incinerator pumps, blowers, and boilers where matrix converters are used is escalating the market growth. Also, the rising demand for matrix converters as the protect circuit from overvoltage is further fueling the market growth. On the flip side, lack of bilateral switches in matrix converters that are fully controlled and are able to operate at high frequencies hampers the market growth.
The report has been created by using crucial tools such as Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis to help businesses around the globe navigate opportunities and challenges in the rapidly evolving marketplace with clarity. These tools also serve the detailed information of each application/product segment in the global market of matrix converter.
The study offers a decisive view of the global matrix converter market by segmenting it in terms of type and application. The report analyzes these subsets with respect to the regional segmentation. This research study will prepare marketers for the evolving needs of their customers.
- CMC Matrix Converter
- IMC Matrix Converter
- General Industrial Machines
- Fans or Pumps
This section covers matrix converter market for the regions North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Regional segmentation has been done based on the present and future trends in the global matrix converter market along with the individual application segment across all the prominent region.
Global Matrix Converter Market Share by Region (Representative Graph)
This research report also includes profiles of major companies operating in the global market. Some of the prominent players operating in the global matrix converter market are ABB, ARVI Systems and Controls, Bonfiglioli Transmissions, Hitachi Electric, Hyundai, Mitsubishi Electric, Riello PCI, Samsung, Siemens Electric, Toyo Electric, Yaskawa, and others. This section cover profiling of major players in terms of important aspects such as company overview, financial overview, business strategy, and recent developments undertaken during the forecast horizon.
The projections featured in the report have been derived by using primary and secondary research. Secondary research has been carried out by using various sources which include (but not limited to) Corporate Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different trade publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.