Market Overview:
Matrix converters are used to convert three-phase AC power into two-phase AC power. Matrix converters can be classified into CMC matrix converter and IMC matrix converter. The global matrix converter market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth of the market is mainly driven by the increasing demand for general industrial machines, fans or pumps, and rising awareness about energy efficiency across the globe. However, high installation cost may restrain the growth of this market during the forecast period. The global matrix converter market can be segmented on the basis of type, application, and region. On the basis of type, it can be divided into CMC matrix converter and IMC matrix converter. In terms of application, it can be classified into general industrial machines (such as textile machinery), fans or pumps (such as air conditioners), automobiles (hybrid electric vehicles), railways (electric locomotives), ships (marine propulsion systems) and others (UPS systems).
Product Definition:
A matrix converter is a device that converts an input voltage, current, or power signal into an output voltage, current, or power signal. Matrix converters are important because they can convert multiple input signals into a single output signal. This makes them ideal for systems that require multiple sources of power or signals.
CMC Matrix Converter:
CMC matrix converter is a device that changes analog signals into digital ones. It's major applications are in smartphones, tablets, and computers. Matrix converters are used to convert the audio signal from one format to another of the same bit rate and channel type.
IMC Matrix Converter:
IMC matrix converters are used in the Matrix Converter market to convert an analog signal into a digital one. It is also used to convert a digital signal back into an analog one. IMC matrix converters are mainly used for converting Analog-to-Digital (AD) and Digital-to-Analog (DAC) signals.
Application Insights:
The general industrial machines segment dominated the global matrix converter market in 2017. The growth of this application segment can be attributed to the rising demand for various products, such as CNC machining centers, automated guided vehicles and 3D printers. Furthermore, increasing R&D activities by major players to develop advanced products is also responsible for driving the global market.
Matrix converters are used in a variety of applications including pumps & fans and general industrial machinery. Pumps & fans are expected to witness significant growth over the forecast period owing to their rising use in various industries such as oil & gas and power generation where high pressure air or liquid is required for operations or production processes at a desired level of performance.
Regional Analysis:
The market in North America is expected to witness significant growth over the forecast period owing to the presence of major players such as ABB Ltd. and Siemens AG, with extensive manufacturing facilities in U.S. Furthermore, growing demand for industrial automation solutions is anticipated to drive regional market growth over the forecast period.
Asia Pacific region accounted for a revenue share of more than 30% in 2017 and is estimated to expand at a CAGR exceeding 6% from 2018 to 2030 owing to increasing adoption of IMC matrix converters across various industries due their ability generate power while consuming energy thus reducing overall electricity costs by up-to-90%. Moreover, rising investments by governments across countries such as China and India are expected drive regional product demand over the next eight years.
Growth Factors:
- Increasing demand for miniaturization in electronics industry
- Growing popularity of electric vehicles
- Proliferation of renewable energy sources
- Rising demand from the healthcare sector
- Development of next-generation technologies
Scope Of The Report
Report Attributes
Report Details
Report Title
Matrix Converter Market Research Report
By Type
CMC Matrix Converter, IMC Matrix Converter
By Application
General Industrial Machines, Fans or Pumps
By Companies
Fuji Eletric, Yaskawa, ABB, Mitsubishi Electric, Hitachi Electric, Siemens Electric, Toyo Electric, Samsung, Hyundai, ARVI Systems & Controls, Bonfiglioli Transmissions, Riello PCI, Emerson Network Power
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
240
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Matrix Converter Market Report Segments:
The global Matrix Converter market is segmented on the basis of:
Types
CMC Matrix Converter, IMC Matrix Converter
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
General Industrial Machines, Fans or Pumps
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Fuji Eletric
- Yaskawa
- ABB
- Mitsubishi Electric
- Hitachi Electric
- Siemens Electric
- Toyo Electric
- Samsung
- Hyundai
- ARVI Systems & Controls
- Bonfiglioli Transmissions
- Riello PCI
- Emerson Network Power
Highlights of The Matrix Converter Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- CMC Matrix Converter
- IMC Matrix Converter
- By Application:
- General Industrial Machines
- Fans or Pumps
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Matrix Converter Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Matrix Converter is a software that can be used to convert various types of files between different formats.
Some of the key players operating in the matrix converter market are Fuji Eletric, Yaskawa, ABB, Mitsubishi Electric, Hitachi Electric, Siemens Electric, Toyo Electric, Samsung, Hyundai, ARVI Systems & Controls, Bonfiglioli Transmissions, Riello PCI, Emerson Network Power.
The matrix converter market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Matrix Converter Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Matrix Converter Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Matrix Converter Market - Supply Chain
4.5. Global Matrix Converter Market Forecast
4.5.1. Matrix Converter Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Matrix Converter Market Size (000 Units) and Y-o-Y Growth
4.5.3. Matrix Converter Market Absolute $ Opportunity
5. Global Matrix Converter Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Matrix Converter Market Size and Volume Forecast by Type
5.3.1. CMC Matrix Converter
5.3.2. IMC Matrix Converter
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Matrix Converter Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Matrix Converter Market Size and Volume Forecast by Application
6.3.1. General Industrial Machines
6.3.2. Fans or Pumps
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Matrix Converter Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Matrix Converter Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Matrix Converter Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Matrix Converter Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Matrix Converter Demand Share Forecast, 2019-2026
9. North America Matrix Converter Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Matrix Converter Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Matrix Converter Market Size and Volume Forecast by Application
9.4.1. General Industrial Machines
9.4.2. Fans or Pumps
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Matrix Converter Market Size and Volume Forecast by Type
9.7.1. CMC Matrix Converter
9.7.2. IMC Matrix Converter
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Matrix Converter Demand Share Forecast, 2019-2026
10. Latin America Matrix Converter Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Matrix Converter Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Matrix Converter Market Size and Volume Forecast by Application
10.4.1. General Industrial Machines
10.4.2. Fans or Pumps
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Matrix Converter Market Size and Volume Forecast by Type
10.7.1. CMC Matrix Converter
10.7.2. IMC Matrix Converter
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Matrix Converter Demand Share Forecast, 2019-2026
11. Europe Matrix Converter Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Matrix Converter Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Matrix Converter Market Size and Volume Forecast by Application
11.4.1. General Industrial Machines
11.4.2. Fans or Pumps
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Matrix Converter Market Size and Volume Forecast by Type
11.7.1. CMC Matrix Converter
11.7.2. IMC Matrix Converter
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analyis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Matrix Converter Demand Share, 2019-2026
12. Asia Pacific Matrix Converter Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Matrix Converter Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Matrix Converter Market Size and Volume Forecast by Application
12.4.1. General Industrial Machines
12.4.2. Fans or Pumps
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Matrix Converter Market Size and Volume Forecast by Type
12.7.1. CMC Matrix Converter
12.7.2. IMC Matrix Converter
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Matrix Converter Demand Share, 2019-2026
13. Middle East & Africa Matrix Converter Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Matrix Converter Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Matrix Converter Market Size and Volume Forecast by Application
13.4.1. General Industrial Machines
13.4.2. Fans or Pumps
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Matrix Converter Market Size and Volume Forecast by Type
13.7.1. CMC Matrix Converter
13.7.2. IMC Matrix Converter
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Matrix Converter Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Matrix Converter Market: Market Share Analysis
14.2. Matrix Converter Distributors and Customers
14.3. Matrix Converter Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Fuji Eletric
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Yaskawa
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. ABB
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Mitsubishi Electric
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Hitachi Electric
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Siemens Electric
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Toyo Electric
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Samsung
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Hyundai
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. ARVI Systems & Controls
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Bonfiglioli Transmissions
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Riello PCI
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Emerson Network Power
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
