The variable frequency drives market is segmented on the lines of its type, end user, voltage range, power range and application. Under type segmentation it covers AC voltage, DC voltage and servo voltage. Based on end user segmentation it covers manufacturing, chemical processing, oil and gas, automation and industrial development. The variable frequency drives market is segmented on the lines of its voltage range like low voltage and medium voltage. Under power range it covers micro power drives, low power drives, medium power drives and high power drives.
The variable frequency drives market is expected to exceed more than USD 31.0 billion by 2024; Growing at a CAGR of around 8% in the given forecast period.
The scope of the report includes a detailed study of global and regional markets for various types of coatings with the reasons given for variations in the growth of the industry in certain regions.
The report covers detailed competitive outlook including the market share and company profiles of the key participants operating in the global market. Key players profiled in the report include ABB Ltd., Siemens AG, Schneider Electric Industries S.A.S., Crompton Greaves Ltd., Danfoss VLT Drives, Eaton Corporation, Emerson Industrial Automation, Fuji Electric Co., Ltd., Mitsubishi Electric Corporation and Vacon PLC.. Company profile includes assign such as company summary, financial summary, business strategy and planning, SWOT analysis and current developments.
A variable frequency drive is also called as adjustable speed drive, AC drive, inverter, micro drive, adjustable frequency drive or variable speed drive. It is used to drives an electrical motors having changeable voltage and frequency; it is a type of motor controller and the frequency is directly linked with speed of motor. VFD controls the speed of motor, so it minimize the overall power utilization. Because of this benefit VFD reduces overall energy costs with higher efficiency. Compared to other motor controllers, installation of variable frequency drives become easier And training for installing of VFD will also minimize.
This report provides:
1) An overview of the global market for variable frequency drives and related technologies.
2) Analyses of global market trends, with data from 2015, estimates for 2016 and 2017, and projections of compound annual growth rates (CAGRs) through 2024.
3) Identifications of new market opportunities and targeted promotional plans for variable frequency drive
4) Discussions of research and development, and the demand for new products and new applications.
5) Comprehensive company profiles of major players in the industry.
The Variable Frequency Drives Market has been segmented as below:
The Variable Frequency Drives Market is segmented on the Basis of Application Analysis, Type Analysis, End-user Analysis, Voltage range segment Analysis, Power range Analysis and Regional Analysis. By Application Analysis this market is segmented on the basis of Pumps, Fans, Compressors, Conveyors, Extruders and Other Applications.
By Type Analysis this market is segmented on the basis of AC Voltage, DC Voltage and Servo Voltage. By End-user Analysis this market is segmented on the basis of Manufacturing sector, Chemical processing sector, Oil and Gas sector, Automation sector, Industrial development sector and Others. By Voltage range segment Analysis this market is segmented on the basis of Low voltage and Medium voltage. By Power range Analysis this market is segmented on the basis of Micro Power Drives, Low Power Drives, Medium Power Drives and High Power Drives. By Regional Analysis this market is segmented on the basis of North America, Europe, Asia-Pacific and Rest of the World.
The major driving factors of variable frequency drives market are as follows:
- Rising need for sinking energy utilization
- Reliable performance of motor is essential for constant function
- Growing use of induction motors
- Increase in industrialization and urbanization
- Rules on Energy Efficiency
The restraints factors of variable frequency drives market are as follows:
- Undesirable impact of execution costs in rising economies
- Reduction in Greenfield investment
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Table of Contents:
2 Research Methodology
3 Executive Summary
4 Premium Insights
4.1 Variable Frequency Drives Market, By Voltage
4.2 Variable Frequency Drives Market, By Type
4.3 Asia-Pacific: the Largest Market During the Forecast Period
4.4 Variable Frequency Drives, By Power Range
4.5 Variable Frequency Drives, By Application
5 Market Overview
6 Variable Frequency Drives Market, By Type
7 Variable Frequency Drives Market, By End-User
8 Variable Frequency Drives Market, By Voltage
9 Variable Frequency Drive Market, By Power Range
10 Variable Frequency Drives Market, By Application
11 Variable Frequency Drives Market, By Region
12 Competitive Landscape
13 Company Profiles
13.2 ABB Ltd
13.3 Siemens AG
13.4 Schneider Electric Se
13.6 Rockwell Automation
13.7 WEG SA
13.8 Yaskawa Electric Corp
13.10 General Electric
13.11 Emerson Electric Co.
13.13 Crompton Greaves
13.14 Mitsubishi Heavy Industries, Ltd.
13.15 Fuji Electric Co.
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