Product Code: ETC074879 | Publication Date: Aug 2023 | Updated Date: Feb 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
United Arab Emirates (UAE) Frequency Converter market currently, in 2023, has witnessed an HHI of 3346, Which has increased slightly as compared to the HHI of 1311 in 2017. The market is moving towards concentrated. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.
The frequency converter market in the United Arab Emirates (UAE) has witnessed significant growth, driven by the country`s industrial development, increasing infrastructure projects, and demand for energy-efficient solutions. Frequency converters, also known as variable frequency drives (VFDs), are devices used to control the speed and torque of electric motors by varying the frequency and voltage supplied to the motor. The UAE expanding manufacturing, construction, and oil and gas industries have been key drivers for the demand for frequency converters in the country. Additionally, the UAE focus on energy conservation and sustainability has led to the adoption of frequency converters to optimize energy consumption.
Several factors drive the demand for frequency converters in the UAE. Firstly, the UAE industrial sector requires precise control and regulation of motor speeds for various applications, including pumps, fans, compressors, and conveyor systems. Frequency converters enable energy-efficient operation and process control, enhancing productivity and reducing energy costs. Secondly, the UAE ambitious infrastructure projects, such as smart cities and sustainable developments, call for advanced technologies like frequency converters to optimize energy usage in buildings and facilities.
Despite the positive growth prospects, the UAE frequency converter market faces certain challenges. One significant challenge is the competition from traditional motor starters and soft starters. While frequency converters offer superior control and energy-saving benefits, the higher upfront costs can be a deterrent for some industrial and commercial customers. Educating end-users about the long-term benefits and cost savings of frequency converters is essential for market penetration. Additionally, the need for technical expertise for proper installation, programming, and maintenance of frequency converters can be a challenge for some customers.
The Covid-19 pandemic had a mixed impact on the UAE frequency converter market. While certain industries faced temporary disruptions and project delays during lockdowns and movement restrictions, the emphasis on energy efficiency and cost optimization remained relevant. As the UAE gradually recovered from the pandemic`s impact, the demand for frequency converters resumed, driven by the need for efficient operations in industrial processes and building systems.
The UAE frequency converter market comprises both international and regional players. Leading manufacturers of frequency converters, such as ABB, Siemens, and Schneider Electric, have a strong presence in the UAE, offering a wide range of solutions for various applications and industries. These companies provide frequency converters with different power ratings and control features to meet the diverse needs of the UAE industrial and infrastructure sectors. Additionally, local distributors, system integrators, and automation solution providers also play a crucial role in making frequency converters accessible to businesses and organizations across the country. The market`s competitiveness and growth are shaped by the efforts of these key players to provide reliable, technologically advanced, and energy-efficient frequency converter solutions that align with the UAE industrial and sustainability goals.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 United Arab Emirates (UAE) Frequency Converter Market Overview |
3.1 United Arab Emirates (UAE) Country Macro Economic Indicators |
3.2 United Arab Emirates (UAE) Frequency Converter Market Revenues & Volume, 2021 & 2031F |
3.3 United Arab Emirates (UAE) Frequency Converter Market - Industry Life Cycle |
3.4 United Arab Emirates (UAE) Frequency Converter Market - Porter's Five Forces |
3.5 United Arab Emirates (UAE) Frequency Converter Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 United Arab Emirates (UAE) Frequency Converter Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 United Arab Emirates (UAE) Frequency Converter Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 United Arab Emirates (UAE) Frequency Converter Market Trends |
6 United Arab Emirates (UAE) Frequency Converter Market, By Types |
6.1 United Arab Emirates (UAE) Frequency Converter Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 United Arab Emirates (UAE) Frequency Converter Market Revenues & Volume, By Type, 2018 - 2031F |
6.1.3 United Arab Emirates (UAE) Frequency Converter Market Revenues & Volume, By Rotary , 2018 - 2031F |
6.1.4 United Arab Emirates (UAE) Frequency Converter Market Revenues & Volume, By Static, 2018 - 2031F |
6.2 United Arab Emirates (UAE) Frequency Converter Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 United Arab Emirates (UAE) Frequency Converter Market Revenues & Volume, By Aerospace & Defense, 2018 - 2031F |
6.2.3 United Arab Emirates (UAE) Frequency Converter Market Revenues & Volume, By Power & Energy, 2018 - 2031F |
6.2.4 United Arab Emirates (UAE) Frequency Converter Market Revenues & Volume, By Process Industry, 2018 - 2031F |
6.2.5 United Arab Emirates (UAE) Frequency Converter Market Revenues & Volume, By Traction, 2018 - 2031F |
6.2.6 United Arab Emirates (UAE) Frequency Converter Market Revenues & Volume, By Oil & Gas, 2018 - 2031F |
6.2.7 United Arab Emirates (UAE) Frequency Converter Market Revenues & Volume, By Marine/Offshore, 2018 - 2031F |
7 United Arab Emirates (UAE) Frequency Converter Market Import-Export Trade Statistics |
7.1 United Arab Emirates (UAE) Frequency Converter Market Export to Major Countries |
7.2 United Arab Emirates (UAE) Frequency Converter Market Imports from Major Countries |
8 United Arab Emirates (UAE) Frequency Converter Market Key Performance Indicators |
9 United Arab Emirates (UAE) Frequency Converter Market - Opportunity Assessment |
9.1 United Arab Emirates (UAE) Frequency Converter Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 United Arab Emirates (UAE) Frequency Converter Market Opportunity Assessment, By Application, 2021 & 2031F |
10 United Arab Emirates (UAE) Frequency Converter Market - Competitive Landscape |
10.1 United Arab Emirates (UAE) Frequency Converter Market Revenue Share, By Companies, 2024 |
10.2 United Arab Emirates (UAE) Frequency Converter Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |