This site uses cookies, including third-party cookies, that help us to provide and improve our services.

Privacy Policy
- Global Locations -
Headquarters
Future Market Insights, Inc.
Christiana Corporate, 200 Continental Drive, Suite 401, Newark, Delaware - 19713, United States
T: +1-845-579-5705
MEA
Market Access DMCC
1602-6 Jumeirah Bay X2 Tower, Plot No: JLT-PH2-X2A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
Americas
Future Market Insights
616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989,
United States
T: +1-347-918-3531
Europe
Future Market Insights
3rd Floor, 207 Regent Street,
London W1B 3HH
United Kingdom
T: + 44 (0) 20 8123 9659
D: +44 (0) 20 3287 4268
APAC
Future Market Insights
Office No. 401-A, 4th Floor,
VANTAGE 9, S.No. 36/1/1,
Baner, Pune 411045 India

Rotating Phase Converter Market

Market Insights on Rotating Phase Converter covering sales outlook, demand forecast & up-to-date key trends

Rotating Phase Converters Market By Horse Power (Less than 20 HP, 20 - 50 HP, 50 - 80 HP, More than 80 HP), Application (Computer Controlled Equipment/CNC Machines, Pumps, Welding Machines), End Use (Industrial, Commercial, Residential) & Region - Forecast 2022-2032

Rotating Phase Converter Market Overview

The rotating phase converter market is likely to register a CAGR of 15% during the forecast period and is anticipated to reach a market share of US$ 1 Bn in 2026 from US$ 0.45 Bn in 2021 due to the growing end-use industries such as automotive, oil & gas, power generation etc.

Attributes

Details

Rotating Phase Converter Market CAGR

15%

Rotating Phase Converter Market Size (2026)

US$ 1 Bn

Rotating Phase Converter Market Size (2021)

US$ 0.45 Bn

The rotating phase converter is utilized in a variety of applications, including computer-controlled equipment/CNC machines, pumps, welding machines, elevators, air and gas compressors, and fans, among others, which is raising the demand for rotating phase converters.

Depending on the horsepower needs and application, the rotating phase converter is available in a variety of versions on the market. The significant market penetration of the static phase converter, on the other hand, may have an immediate impact on the sales of rotating phase converter.

The analysis covers the global rotating phase converter market and its advancements across different industry verticals as well as regions. It targets estimating the current rotating phase converter market share and growth potential of the global rotating phase converter market across sections such as application and representatives.

The study for the rotating phase converter market also includes estimates based on a suitable set of assumptions and techniques. It examines the various elements that influence and constrain demand for rotating phase converter.

What Factors led to Growth of the Rotating Phase Converter Market?

With the growing population, urbanization, and industrialization around the world, the need for electrical equipment is developing at a rapid pace, which is contributing to the demand for rotating phase converter.

Growing end-use industries such as automotive, oil & gas, and power generation, among others, are predicted to drive demand for electrical equipment and machines, boosting the global sales of the rotating phase converter over the forecast period.

In addition, rising demand for electrical appliances in the commercial and residential sectors, as well as an increase in the rate of automation in businesses, are likely to generate higher sales of rotation phase converter. This opens new potential opportunities for the rotating phase converter market throughout the forecast period.

Customize this Report

Let us know your requirement to get
100% FREE customization

What Hampers the Growth of the Rotating Phase Converter Market?

Over the forecast period, the presence of alternative technology in the market, such as static phase converters with lower prices and improved dependability, is expected to hinder the growth of the rotating phase converter market and impede the sales of rotating phase converter.

What is the Regional Outlook of the Rotating Phase Converter Market?

Due to increased demand for electrical equipment, the Asia Pacific region is likely to have considerable growth in the worldwide rotating phase converter market. The expanding industrial sector in countries like India, China, and Japan is expected to open up new potential for the demand for rotating phase converter.

Owing to the increased demand from computer controlled equipment and machines in the industrial sector, as well as demand from compressors, elevators, and other commercial equipment in the region, North America is likely to be one of the leading markets for rotating phase converters. It contributes to the global revenue generation through higher sales of rotation phase converter.

Additionally, increased automation in various end-use industries, as well as quick adoption of novel industrial frameworks like 'Industry 4.0' in Europe, are likely to boost the sales of rotating phase converter in the region.

Furthermore, over the projected period, the rotating phase converter market in the Middle East and Africa, as well as Latin America, is expected to grow significantly, and promotes the global sales of rotating phase converter.

Nikhil Kaitwade
Principal Consultant
LinkedIn
Talk to Analyst

Find your sweet spots for generating winning opportunities in this market.

Talk to Analyst

How Competition Impacts Players in the Rotating Phase Converter Market?

Kay Industries, Ronk Electrical Industries Inc, ARCO Electric Products, North America Phase Converter Company, Phase-A-Matic., Inc., Coffman Electrical Equipment Company, Martin Electric, Inc., Steelman Industries Inc., Southern Phase Converters, Willett Manufacturing Ltd, PhazeMeister Rotary Phaze Converters are some of the key players in the rotating phase converter market, which are majorly contributing to the rotating phase converter market share.

  • The growing focus on industrialization by governments and the business sector in emerging nations is expected to increase demand for electrical equipment and machines for industrial applications, boosting demand for rotating phase converters.
  • This study provides a comprehensive assessment of the competitive environment, including important mergers and acquisitions, future capabilities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other strategic developments which lead to the substantial rotating phase converter market share.

Scope Of Report

Report Attribute

Details

Growth rate

CAGR of 15% from 2022 to 2032

Base year for estimation

2021

Historical data

2015 - 2020

Forecast period

2022 - 2032

Quantitative units

Revenue in USD billion, volume in kilotons, and CAGR from 2022 to 2032

Report coverage

Revenue forecast, volume forecast, company ranking, competitive landscape, growth factors, and trends, Pricing Analysis,

Segments covered

Boat type, sales channel, end user, region

Regional scope

North America; Western Europe, Eastern Europe, Middle East, Africa, ASEAN, South Asia, Rest of Asia, Australia and New Zealand

Country scope

U.S.; Canada; Mexico; Germany; U.K.; France; Italy; Spain; Russia; Belgium; Poland; Czech Republic; China; India; Japan; Australia; Brazil; Argentina; Colombia; Saudi Arabia; UAE; Iran; South Africa

Key companies profiled

Kay Industries, Ronk Electrical Industries Inc, Tower Electric Motor Company, North America Phase Converter Company, ARCO Electric Products, Phase-A-Matic., Inc., Southern Phase Converters, Coffman Electrical Equipment Company, Martin Electric, Inc., Steelman Industries, Inc., Willett Manufacturing Ltd., PhazeMeister Rotary Phaze Converters

Customization scope

Free report customization (equivalent to up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs.

Become a MarketNgage Insider

An unified Market Research Subscription Platform, built for today’s disparate research needs.

Frequently Asked Questions

The rotating phase converter market is anticipated to register a CAGR of 15% during the forecast period.

The rotating phase converter market share is anticipated to reach US$ 1 Bn in 2032.

Demand for rotating phase converter is likely to rise as a result of the rising end-use sectors, such as automotive, oil & gas, and power generation, to name a few.

Table of Content

NA

Customize this Report

Let us know your requirement to get
100% FREE customization

List of Tables

NA

Nikhil Kaitwade
Principal Consultant
LinkedIn
Talk to Analyst

Find your sweet spots for generating winning opportunities in this market.

Talk to Analyst

List of Charts

NA

Need specific information?

Request Customization

Explore Industrial Automation Insights

View Reports
Google translate

Rotating Phase Converter Market