Matrix Converter Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET INTRODUCTION

A matrix converter is a converter that only has one stage of conversion. It achieves automated power conversion from AC to AC by using a bidirectional controlled switch. It serves as a substitute for a double-sided PWM voltage rectifier. The market is growing due to the rising use of matrix converters in electronic appliances such as incinerator pumps, blowers, and boilers. In addition, the growing demand for matrix converters as overvoltage protection circuits is propelling the market forward.

MARKET SCOPE

The "Global Matrix Converter Market Analysis to 2031" is a specialized and in-depth study of the matrix converter Market with a special focus on the global market trend analysis. The report aims to provide an overview of matrix converter market with detailed market segmentation by type and application. The global matrix converter market expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading matrix converter market player and offers key trends and opportunities in the matrix converter market.

MARKET SEGMENTATION

- Based on the type the market is segmented as, CMC matrix converter.
- Based on the application the market is segmented as, general industrial machines, fans or pumps and others.

MARKET DYNAMICS

Drivers-
- The market is growing due to the rising use of matrix converters in electronic appliances such as incinerator pumps, blowers, and boilers.
- The growing demand for matrix converters as overvoltage protection circuits is expected to fuel market growth.
Restraints-
- The matrix converter market's growth is restrained by the lack of fully regulated bilateral switches in matrix converters that can operate at high frequencies.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global matrix converter market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The matrix converter market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.

The report analyzes factors affecting matrix converter Market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the matrix converter market in these regions.
IMPACT OF COVID-19 ON MATRIX CONVERTER MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.

MARKET PLAYERS

The reports cover key developments in the matrix converter market organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from matrix converter market are anticipated to lucrative growth opportunities in the future with the rising demand for matrix converter market. Below mentioned is the list of few companies engaged in the matrix converter market.

The report also includes the profiles of key matrix converter market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.

- Fuji Electric
- Yaskawa Electric Corporation
- ABB
- Mitsubishi Electric
- Hitachi Electric
- Siemens
- TOYO ELECTRIC CORPORATION
- SAMSUNG
- Emerson Electric Co
- Bonfiglioli Transmissions Private Limited

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Matrix Converter Report Scope