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Variable Frequency Drive Market Study 2018-Types, Share, and Growth by Leading International Manufacturers with its Applications, Usage and Types by 2023

06-22-2018 12:56 PM CET | Energy & Environment

Press release from: Market Research Future

Variable Frequency Drive Market Study 2018-Types, Share,

Market Highlights:-
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.
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Industry Top Key Players:-
• ABB Ltd.
• Siemens AG
• Rockwell Automation, Inc.
• WEG
• Yaskawa Electric Corporation
• Eaton Corporation Plc.
• General Electric
• Emerson Electric Co.

Market Segmentations:-
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.

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 Assumptions
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

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Global Variable Frequency Drive Market:-
The VFD market is expected to expand at a phenomenal pace during the forecast period owing to automation in power industry and increasing infrastructure sector. Asia Pacific region is expected to dominate the market share in the variable frequency drive market. China, India, South Korea, Japan, and Indonesia are the fastest growing nations, which are the largest markets for infrastructure and industrial sectors. Industries including oil & gas, metals, and mining are adopting the drives to reduce the energy consumption and to limit the CO2 emission.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

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