Market Snapshot:
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.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2023 |
High Growth Market | Asia Pacific |
Largest Market | North America |
Unit | Value (USD Million) |
Key Companies Profiled | 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) |
Segment Analysis
AMA Research have 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 2023 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 2023. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement.
Market Trend
Substitutes Available For Matrix Converter. and Rising Demand of Matrix Converter in Asia- Pacific regions
Market Drivers
Increase Number of Matrix Converter Application in Wind & Water Force Machines. and Rapid Demand for Ac/Ac Conversion Fuelled Up the Matrix Converter Market.
Opportunities
Proliferation of PWM Modulation Technique Leads to Grow the Matrix Converter Market., Upsurge Demand of Electric Power Conversion Topologies. and Rise in Demand of Matrix Converter in Cranes, Elevators and Escalators.
Restraints
- Lack of Awareness Among the Customers Hampers the Matrix Converter Market.
- High Cost Associated with Matrix Converter.
In addition to the aforementioned factor, Increase Number of Matrix Converter Application in Wind & Water Force Machines.
is expected to propel the growth of the market over the forecast period.
The key Players profiled in the study are 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). A lot of Japanese, German and United States players are profiled in the research study indicating a strong market dependence.