Global is one of the high growth markets owing to distinct end-users across all verticals of the industry from developing economies, such as China, India, Brazil and South Africa. Static frequency converter, one of the types, is gaining market attraction due to increasing electricity prices all across the world as well as growing awareness on reduction of air and noise pollution, especially by aerospace & defense and marine/offshore end-users. The end-users considered in the scope of the study include aerospace & defense, marine/offshore, oil & gas, power & energy, manufacturing industry, traction, grid interconnections, and research & testing labs among others, that are studied under the scope of study of market.
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