Variable Frequency Drive 2018 Market Size, Share and Business Operation Data | Industry Technological Advancement Research Report Forecast to 2023

Global Variable Frequency Drive Market Research Report by type, by application, by end-user, and Region . Global variable frequency drive market is expected to expand at ~6.3% CAGR during the forecast period.

Market Highlights:-
A variable frequency drive is responsible for motor controlling by varying the frequency and voltage which is supplied to the motor. The system can control the speed of the motor and torque by varying the input frequency of the motor. There are various application in which VFD’s are used such as small appliances, mine mill and compressors. The drive consists of three sub-system that are AC motor, main drive assembly and interface.

Get sample Copy @ https://www.marketresearchfuture.com/sample_request/2440

Top Key Players:-
The key players of global variable frequency drive market are ABB Ltd. (Switzerland), Siemens AG (Germany), Rockwell Automation, Inc. (U.S.), WEG (Brazil), Yaskawa Electric Corporation (Japan), and Eaton Corporation Plc. (Ireland). General Electric (U.S.), Emerson Electric Co. (U.S.), Hitachi, Ltd. (Japan), Mitsubishi Electric Corporation (Japan), Schneider Electric (U.S.), and Honeywell International (U.S) are among others.

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.

Market Research Analysis:-
The market is highly based on applications. Pumps segment is expected to dominate the variable frequency drive market due to the rapid increase in the industrial activities and growing construction sector. The growing oil & gas production in U.S. and Middle East have also resulted in the growth of these markets. In Asia-Pacific, there has been increase in demand for the use of pumps, due to which the market is expected to grow during the forecast period.
The factors contributing to the growth of variable frequency drive market are increase in urbanization and industrialization in developing countries, efficient utilization of energy, increase in construction activities, power transmission and reduction in the cost of production if VFD’s.
The restraint in the growth of global variable frequency drive market is the decrease in Greenfield investment of VFD which will lead to decrease in the profit.

Access Complete Report @ https://www.marketresearchfuture.com/reports/variable-frequency-drive-market-2440

Scope of the Report:-
This study provides an overview of the global variable frequency drive market, tracking three market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global variable frequency drive market by its type, by application, by end-user and by region.
By Type
• AC
• DC
• Servo

By Application
• Pumps
• Fans
• Compressors
• Extruders
• Others

By End-User
• Industrial
• Infrastructure
• Oil & Gas
• Power Generation
• Others

For More Information or Query Conatct us @ https://www.marketresearchfuture.com/enquiry/2440

By region
• North America
• Europe
• Asia-Pacific
• ROW

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services

Contact

Market Research Future
+1 646 845 9312
Email: sales@marketresearchfuture.com

This release was published on openPR.