Market Synopsis:
The Global Variable Frequency Drive Market Report gives the clear picture of current scenario which includes historical and projected Variable Frequency Drive Market size, Share, industry growth, trends in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report also gives a broad study of the different market segments and regions.
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Report analyzes Global Variable Frequency Drive Market Research Report by type (AC, DC, and servo), by application (pumps, fans, compressor, extruder, others), by end-user (oil & gas, industrial, infrastructure, power generation, others), and Region – Forecast till 2023
Variable Frequency Drive Market Infrastructure Key Players Studied In Report:
Siemens AG (Germany), Rockwell Automation, Inc. (U.S.), ABB Ltd. (Switzerland), Schneider Electric (U.S.), WEG (Brazil), Eaton Corporation Plc. (Ireland), Yaskawa Electric Corporation (Japan), General Electric (U.S.), Hitachi, Ltd. (Japan), Emerson Electric Co. (U.S.), Mitsubishi Electric Corporation (Japan), and Honeywell International (U.S) are among others.
The innovation in products and services is the main factor adding to the market’s profitability and swaying the trends that gain prominence in the market. The accessibility to a good labor force along with resources is adding to the overall market growth. The external factors are shaping the market which is dependent on the techniques and the strategic roadmaps that are deployed by market players. The market is relatively well defined in terms of its value and volume. The key success factors and competitors’ tendencies are progressively improving by the strategies being exploited by market players.
Market Segmentation:
VFD market is segmented on the basis of type, application, end-use, and region. On the basis of type, the market is segmented as AC, DC, and Servo. AC segment is dominating the market due to their high efficiency, longer lifespan and lower maintenance cost. By application, the variable frequency drive market is segmented as pumps, fans, compressors, extruders, and others.
Amongst, these, the compressors segment is expected to dominate the market owing to increasing use of refrigeration systems, which is driven by expanding food & beverage industry. 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.
Regional Analysis:
The VFD market is anticipated to develop at a remarkable pace through the forecast period due to automation in the power industry and growing infrastructure sector. The Asia Pacific region is likely to control the market for the variable frequency drive.
South Korea, China, Japan, India, and Indonesia are the most rapidly rising nations, which are the chief markets for industrial and infrastructure sectors. Industries such as oil & gas, metals, and mining are implementing the drives to lessen the energy consumption and to control the CO2 emission. The Middle East region will trail the Asia Pacific region in the market for variable frequency drive due to the mounting construction industry. In the European region, the developing automotive sector is anticipated to lead the market’s development.
Intended Audience:
Variable Frequency Drive Market manufacturers
Variable Frequency Drive Market Suppliers
Research and Development (R&D) Companies
Distributer & Supplier companies
End Users
Consultants and Investment bankers
Government as well as Independent Regulatory Authorities
Major Table Of Content:
1 Executive Summary
2 Research Methodology
2.1 Scope Of The Study
2.1.1 Definition
2.1.2 Research Objective
2.1.3 Assumption
2.1.4 Limitations
2.2 Research Process
2.2.1 Primary Research
2.2.2 Secondary Research
2.3 Market Size Estimation
2.4 Forecast Model
3 Market Dynamics
3.1 Market Drivers
3.2 Market Inhibitors
3.3 Supply/Value Chain Analysis
3.4 Porter’s Five Forces Analysis
4 Global Variable Frequency Drive Market, By Charging Type
4.1 Introduction
4.2 AC Charging
4.3 DC Charging
5. VARIABLE FREQUENCY DRIVE MARKET, BY SOURCE
5 Global Variable Frequency Drive Market, By Application
5.1 Introduction
5.2 Pumps
5.3 Fans
5.4 Compressors
5.4 Extruders
5.5 Others
6 Global Variable Frequency Drive Market, By End-User
6.1 Industrial
6.2 Infrastructure
6.3 Oil & Gas
6.4 Power Generation
6.5 Others
Continued
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