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Variable Frequency Drive Global Market Growth Strategies, Size, Share, Worldwide Top Manufactures Analysis | Business Development and Upcoming Prospects by Forecast 2023

Global Variable Frequency Drive Market Research Report by type , by application (pumps, fans, compressor, extruder, others), by end-user , and Region - Forecast till 2023
Published 03 July 2018

Market Overview:-

Variable frequency drive (VFD) is a power electronic device that is capable of regulating the speed of an alternating current motor, by adjusting the frequency along with the voltage of the electrical power, supplied to that motor. With the help of VFDs the otherwise high power consuming appliances and motors can save energy. VFD is mainly used in high voltage alternating current devices, which do not require continuous flow of current, and there is high requirement for speed control. The main advantages of VFD include, energy savings, low motor starting current, managing devices at various speeds, easy installations, operations at high power factor, and others.

FDI is investments in infrastructure projects. According to IBEF, in India, total foreign direct investment in the construction sector including infrastructure sector reached USD 12.3 billion by the end of 2017. Along with this, there has been high demand for VFD owing to energy efficiency, which has been mandatory for manufacturers, offices, industries and commercial buildings.


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Market Segmenattions:-

The variable frequency drive market, based on end-use, is segmented as oil & gas, industrial, infrastructure, power generation, and others. The infrastructure segment is anticipated to capture the largest market size, due to increasing urbanization and smart cities projects from the growing nations. For an instance, in the Middle East region, the smart cities projects are enhancing, thus, increasing the variable frequency drive market, which is widely used in district cooling and centralized HVAC applications. 


Industry TopKey Players:-


Top key players of global variable frequency drive market are ABB Ltd. (Switzerland), Siemens AG (Germany), Rockwell Automation, Inc. (U.S.), WEG (Brazil), Yaskawa Electric Corporation (Japan), and Eaton Corporation Plc. (Ireland). General Electric (U.S.), Emerson Electric Co. (U.S.), Hitachi, Ltd. (Japan), Mitsubishi Electric Corporation (Japan), Schneider Electric (U.S.), and Honeywell International (U.S) are among others.


Major Points From TOC:-

LIST OF TABLES:-

TABLE 1 GLOBAL VARIABLE FREQUENCY DRIVE MARKET, BY TYPE

TABLE 2 GLOBAL VARIABLE FREQUENCY DRIVE MARKET, BY APPLICATION

TABLE 3 GLOBAL VARIABLE FREQUENCY DRIVE MARKET, BY END-USER

TABLE 4 GLOBAL VARIABLE FREQUENCY DRIVE MARKET, BY REGIONS

TABLE 5 NORTH AMERICA VARIABLE FREQUENCY DRIVE MARKET, BY TYPE

TABLE 6 NORTH AMERICA VARIABLE FREQUENCY DRIVE MARKET, BY APPLICATION

TABLE 7 NORTH AMERICA VARIABLE FREQUENCY DRIVE MARKET, BY END-USER

TABLE 8 U.S. VARIABLE FREQUENCY DRIVE MARKET, BY TYPE

TABLE 9 U.S. VARIABLE FREQUENCY DRIVE MARKET, BY APPLICATION

TABLE 10 U.S. VARIABLE FREQUENCY DRIVE MARKET, BY END-USER

To be continued.....


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Market Analysis:-

Asia-Pacific accounts for the highest market share:-

The Asia-Pacific accounts for the highest market share during the forecast period because the region is leading in infrastructure and industrial sector. Energy industries are adopting these drives in order to reduce the energy consumption and reduce the emission of CO2. In Middle East and Africa, the growth in the construction industry have resulted in the growth of these market. Europe is expected to grow during the forecast period, due to the rise in automotive industry.

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