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Global Variable Frequency Drive Market is Expected to Reach $28.21 billion by 2023
Market Research Report on Global Variable Frequency Drive Market
Published 12 April 2018
Report Sellers has added a new market research report “Variable Frequency Drive - Global Market Outlook (2017-23)” to its offerings.
According to Report, Global Variable Frequency Drive Market is expected to grow from $18.68 billion in 2016 to reach $28.21 billion by 2023 with a CAGR of 6.0%. Growing demand for energy efficiency, government regulations and rise in demand for industrialization and urbanization are some factors expected to witness lucrative growth. Conversely, declining investments in Greenfield will reflect the market strength during the forecast period. Moreover, the market has tremendous growth opportunity like growing prospect in industrial internet of things (IIoT) and replacement sector.
By power range, micro power drive segment commanded the largest market share due to their wide applications in extruders, compressors, fans and others. Asia Pacific is anticipated to dominate the global market attributed to extensive usage of VFSs in infrastructural and industrial activities.
Some of the key players profiled in this market includes Hitachi, Ltd., Fuji Electric Co., Rockwell Automation, Mitsubishi Heavy Industries, Ltd., Schneider Electric SE, Yaskawa Electric Corp, WEG SA, Toshiba, Siemens AG, Crompton Greaves, ABB Ltd, Danfoss, Eaton Corporation Plc, Emerson Electric Co., and General Electric .
Browse through the complete description and in-depth TOC on “Global Variable Frequency Drive Market”
https://www.reportsellers.com/market-research-report/Variable-Frequency-Drive---Global-Market-Outlook-2017-2023
What does the Report Offers
Market share assessments for the regional and country level segments
Market share analysis of the top industry players
Strategic recommendations for the new entrants
Strategic recommendations in key business segments based on the market estimations
Competitive landscaping mapping the key common trends
Report Scope
Global Variable Frequency Drive Market has been segmented by voltages covered, end users covered, types covered, power ranges covered, applications covered and regions covered
Voltages Covered:
Low Voltage Variable Frequency Drives
Medium Voltage Variable Frequency Drives
Applications Covered:
Fans
Extruders
Compressors
Pumps
Conveyors
HVAC
Other Applications
End Users Covered:
Industrial
Oil & Gas
Infrastructure
Power Generation
Food Processing
Automotive
Mining & Metals
Pulp & Papers
Other End Users
Types Covered:
Direct Current (DC) Variable Frequency Drives
Servo Variable Frequency Drives
Alternative Current (AC) Variable Frequency Drives
Power Ranges Covered:
High Power Drives
Medium Power Drives
Low Power Drives
Micro Power Drives
Regions Covered:
North America
US
Canada
Mexico
Europe
Germany
France
Italy
UK
Spain
Rest of Europe
Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
South America
Argentina
Brazil
Chile
Rest of South America
Middle East & Africa
Saudi Arabia
UAE
Request sample here https://www.reportsellers.com/market-research-report/Variable-Frequency-Drive---Global-Market-Outlook-2017-2023
We have a large number of reports in IT & Telecommunication Industry which can be accessed in the following link: https://www.reportsellers.com/category/it-telecommunication-market-research-report
About Report Sellers
Report Sellers is a premium market research service provider offering market reports in varied sectors. We have a team of experienced analysts and publishers who continuously track the latest trends in different industries. Report Sellers is a brand of global repute and offers the best suited research services to its clients globally in the most satisfying manner. We have a strong network of industry experts who have successfully delivered complex research assignments in niche and top markets.
For more information, contact
Report Sellers
Email: sales@reportsellers.com
Direct: +1-214-396-2385
According to Report, Global Variable Frequency Drive Market is expected to grow from $18.68 billion in 2016 to reach $28.21 billion by 2023 with a CAGR of 6.0%. Growing demand for energy efficiency, government regulations and rise in demand for industrialization and urbanization are some factors expected to witness lucrative growth. Conversely, declining investments in Greenfield will reflect the market strength during the forecast period. Moreover, the market has tremendous growth opportunity like growing prospect in industrial internet of things (IIoT) and replacement sector.
By power range, micro power drive segment commanded the largest market share due to their wide applications in extruders, compressors, fans and others. Asia Pacific is anticipated to dominate the global market attributed to extensive usage of VFSs in infrastructural and industrial activities.
Some of the key players profiled in this market includes Hitachi, Ltd., Fuji Electric Co., Rockwell Automation, Mitsubishi Heavy Industries, Ltd., Schneider Electric SE, Yaskawa Electric Corp, WEG SA, Toshiba, Siemens AG, Crompton Greaves, ABB Ltd, Danfoss, Eaton Corporation Plc, Emerson Electric Co., and General Electric .
Browse through the complete description and in-depth TOC on “Global Variable Frequency Drive Market”
https://www.reportsellers.com/market-research-report/Variable-Frequency-Drive---Global-Market-Outlook-2017-2023
What does the Report Offers
Market share assessments for the regional and country level segments
Market share analysis of the top industry players
Strategic recommendations for the new entrants
Strategic recommendations in key business segments based on the market estimations
Competitive landscaping mapping the key common trends
Report Scope
Global Variable Frequency Drive Market has been segmented by voltages covered, end users covered, types covered, power ranges covered, applications covered and regions covered
Voltages Covered:
Low Voltage Variable Frequency Drives
Medium Voltage Variable Frequency Drives
Applications Covered:
Fans
Extruders
Compressors
Pumps
Conveyors
HVAC
Other Applications
End Users Covered:
Industrial
Oil & Gas
Infrastructure
Power Generation
Food Processing
Automotive
Mining & Metals
Pulp & Papers
Other End Users
Types Covered:
Direct Current (DC) Variable Frequency Drives
Servo Variable Frequency Drives
Alternative Current (AC) Variable Frequency Drives
Power Ranges Covered:
High Power Drives
Medium Power Drives
Low Power Drives
Micro Power Drives
Regions Covered:
North America
US
Canada
Mexico
Europe
Germany
France
Italy
UK
Spain
Rest of Europe
Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
South America
Argentina
Brazil
Chile
Rest of South America
Middle East & Africa
Saudi Arabia
UAE
Request sample here https://www.reportsellers.com/market-research-report/Variable-Frequency-Drive---Global-Market-Outlook-2017-2023
We have a large number of reports in IT & Telecommunication Industry which can be accessed in the following link: https://www.reportsellers.com/category/it-telecommunication-market-research-report
About Report Sellers
Report Sellers is a premium market research service provider offering market reports in varied sectors. We have a team of experienced analysts and publishers who continuously track the latest trends in different industries. Report Sellers is a brand of global repute and offers the best suited research services to its clients globally in the most satisfying manner. We have a strong network of industry experts who have successfully delivered complex research assignments in niche and top markets.
For more information, contact
Report Sellers
Email: sales@reportsellers.com
Direct: +1-214-396-2385
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