Rotating Phase Converter Market: Introduction:
Phase converters are used in equipment or in machines to convert single phase power to three phase power. A rotating phase converter is a commonly used and universal type of phase converter, which uses rotating motion to convert power phase. A rotating phase converter uses an induction generator to convert single phase power into three phase. To energize the induction generator, two single phase lines are used, which in turn produce the three phase power in a rotating phase converter.
Furthermore, rotating phase converter is used to operate any machine or equipment in industrial or in commercial sector, which uses three phase load. The rotating phase converter is used for a range of applications such as, in computer controlled equipment/CNC machines, pumps, welding machines, elevators, air & gas compressors, fans etc. The rotating phase converter is available in various configurations in the market depending on horse power requirements and its application. However, high penetration of the static phase converter in the market may affect the rotating phase converter in the near term.
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Rotating Phase Converter Market: Dynamics:
The demand for electrical equipment is increasing at a significant rate situated with the growing population, urbanization, and industrialization across the globe. The growing end use industries such as, automotive, oil & gas, power generation etc. are expected to create significant demand for electrical equipment and machineries, which in turn is projected to boost the growth of global rotating phase converter market over the forecast period. Additionally, increasing focus on industrialization by governments in emerging economies is estimated to create demand for electrical equipment and machines for industrial applications, thus increasing the demand for rotating phase converter in the market.
Furthermore, escalating demand for electrical appliances from commercial and residential sector and increasing rate of automation in industries expected to create new growth opportunities for the rotating phase converter in the market over the forecast period.
However, the presence of alternative technology in the market such as static phase converter with economical price point and higher reliability is anticipated to restrain the growth of rotating phase converter market over the forecast period.
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Rotating Phase Converter Market: Segmentation:
Rotating phase converter market can be segmented into horse power, application, end use and region.
On the basis of horse power, global rotating phase converter market is segmented into:
- Less than 20 HP
- 20 – 50 HP
- 50 – 80 HP
- More than 80 HP
On the basis of application, global rotating phase converter market is segmented into:
- Computer Controlled Equipment/CNC Machines
- Pumps
- Welding Machines
- Others (Elevators, Air & Gas Compressors, Fans etc.)
On the basis of end use, global rotating phase converter market is segmented into:
- Industrial
- Commercial
- Residential
Rotating Phase Converter Market: Regional Outlook:
The Asia Pacific region is expected to have significant growth in the global rotating phase converter market owing to rising demand for electrical equipment. The growing industrial sector in countries such as, India, China, Japan, etc. projected to create new growth opportunities for the growth of rotating phase converter market. North America is expected to be one of the prominent market for rotating phase converter owing to growing demand from computer controlled equipment and machines in the industrial sector, as well as demand from compressors, elevators etc., in the commercial sector in the region.
Furthermore, growing automation in various end use industries and rapid implementation of modern day industrial frameworks such as ‘Industry 4.0’ in Europe is estimated to significantly drive the growth of rotating phase converter market in the region. Additionally, Middle East & Africa and Latin America regions are anticipated to witness promising growth in the rotating phase converter market during the forecast period.
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Rotating Phase Converter Market: Market Participants:
Some of the market participants in the global rotating phase converter market are:
- 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.