Global Variable Frequency Drive Market is Expected to Reach $28.21 billion by 2023

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”
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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

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