The global demand for Rotating Phase Converter Market is presumed to reach the valuation of nearlyUSD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% under the study period of 2022-2028.
A rotating phase converter is commonly used to convert power from a single phase to three-phase power by rotating motion. It is mostly used in the industrial and commercial sector for operating machine or equipment which uses three-phase load. It has application across computer controlled equipment/CNC machines, pumps, welding machines and elevators, air & gas compressors, among others.
The growing population, urbanization, and industrialization are primarily driving the market growth. Growing end-use industries such as automotive, oil & gas, power generation, etc. are again accelerating market growth. Escalating demand for electrical appliances from the commercial and residential sector and increasing rate of automation in industries is further boosting the market demand. However, the availability of alternative technology in the market such as static phase converter with an economical price point and higher reliability is likely to hinder the market growth. Whereas, increasing focus on industrialization by governments in emerging economies is expected to propel demand over the forecast period.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of rotating phase converter.
The entire rotating phase converter market has been sub-categorized into horse power, application, and end-use. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
By Horse Power
- Less than 20 HP
- 20 – 50 HP
- 50 – 80 HP
- More than 80 HP
- Computer Controlled Equipment/CNC Machines
- Welding Machines
This section covers regional segmentation which accentuates on current and future demand for rotating phase converter market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Rotating Phase Converter Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the rotating phase converter market include ARCO Electric Products, Coffman Electrical Equipment Company, Martin Electric, Inc., North America Phase Converter Company, Phase-A-Matic., Inc., PhazeMeister Rotary Phaze Converters, Ronk Electrical Industries Inc, Southern Phase Converters, Steelman Industries, Inc., Tower Electric Motor Company and Willett Manufacturing Ltd. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry 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.