Press release
Variable Frequency Drive Market Key Players are Johnson Controls, Honeywell, Emerson, Siemens, Schneider Electric, CG, Mitsubishi Electric, Eaton, Hitachi
variable frequency drive market
Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/1185
According to the official release, through this collaboration, SEW-Eurodrive and GE have a plan to offer complementary drive and motion controller solutions for process and discrete applications. Allegedly, these solutions would thereafter be utilized in sectors like manufacturing, machine control, and the like infrastructural verticals.
Growth Drivers:
1. Stringent energy efficiency norms
2. Flourishing automotive sector
3. Increasing electricity capacity addition
4. Growing infrastructural spending
5. Increasing demand for electricity
6. Industry pitfalls & challenges
Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/1185
The second aspect of the partnership deals with technology integration. As per the reports, the U.S. based giant would be integrating SEW’s servomotors and VFDs into its PACMotion product range. SEW, on the other hand, will incorporate GE’s IICS (Industrial Internet Control System) into its patent controller-based drive solutions to offer analytics, which ultimately would improve overall motor efficiency and reduce the operation cost.
Growing inclination toward deploying energy efficient products with an envision to ensure energy security has undoubtedly complemented overall variable frequency drive market outlook. Rising energy prices in tandem with the dire necessity of efficient motor controls is bound to generate a massive demand for advanced variable frequency drives. As per estimates, electric motors account for almost 25% of the overall electricity consumption both from consumer and industrial applications. As the electricity consumption continues to upsurge, the application scope of variable frequency drive market is certain to widen, subject to its incredible potential of improving process control, while boosting overall system efficiency, and power factor. The presumption is amply validated by the forecast which claims annual installation of VFD industry to surpass 59 million units by 2024.
About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: www.gminsights.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Variable Frequency Drive Market Key Players are Johnson Controls, Honeywell, Emerson, Siemens, Schneider Electric, CG, Mitsubishi Electric, Eaton, Hitachi here
News-ID: 1218598 • Views: …
More Releases from Global Market Insights, Inc.
Rare Sugar Market Top 3 Trends, Covid-19 Outbreak, Factors Driving, Threats, Cha …
Rising awareness regarding health & fitness and the subsequent shift in consumer trends towards low-calorie sweeteners will boost rare sugar market share over the forecast spell. Recent years have marked a steady rise in the prevalence of cardiovascular ailments, diabetes, and obesity, among other chronic conditions, which have triggered a massive change in consumer perceptions towards health.
This in turn has led to a surge in demand for various functional foods…
Global Selenium Yeast Market Industry Assessment, Trends, Competitive Landscape, …
The selenium yeast market is anticipated to register substantial gains on account of rising inclination towards organic additives in animal nutrition, with an aim to improve livestock health and production. Consumers are steadily becoming aware of the downsides associated with using synthetic additives. As a result, they are preferring selenium yeast feed grades over other counterparts to provide balanced nutrition to their livestock.
According to Global Market Insights Inc estimates…
Power Distribution Component Market Share, Size, Trends by 2025 | Leading Key pl …
Global Power Distribution Component Market Report offers market overview, segmentation by types, application, countries, key manufactures, cost analysis, industrial chain, sourcing strategy, downstream buyers, marketing strategy analysis, distributors/traders, factors affecting market, forecast and other important information for key insight.
Request a sample of this research report @ https://www.gminsights.com/request-sample/detail/3091
Voltage rating have acted as a standard industry protocol toward the installation of power components reliant on regulatory preference, deployment areas, and the group…
Prenatal Vitamin Ingredients Market New Entrants, Risk Factors, Market Expansion …
The rise in the instances of miscarriages on account of poor diet and hygiene will anchor the consumption of prenatal vitamin ingredients. Excessive intake of junk food has resulted in the scarcity of important nutrients in pregnant women that could adversely affect the fetus health and development. Furthermore, prenatal vitamin ingredients possess additional nutritional components that are not so easily sourced from regular food items and products.
Prenatal vitamin ingredients can…
More Releases for SEW
The Shot Shirt is Sew Clever
Walnutport, PA – April 14, 2021- When the need for face masks emerged, an enormous amount of new sewers were created as well. Now there is something for new sewers to provide to consumers; which, is both clever and needed. The Shot Shirt.
The Shot shirt is designed with a side sleeve zipper for easy access to the upper arm. With the entire country encouraged to get a Covid19 vaccination…
Beaver Paper Group Rebrands Legacy Cut & Sew Products
Atlanta, GA – Beaver Paper Group, a member of Koehler Paper, announced the rebranding of their legacy sewn paper products to TexSewn™ family of Cut and Sew Papers.
By streamlining and reimagining their sewn paper category, Beaver Paper Group will be able to appeal to a broader customer base and support growth across new market channels. This change will provide customers with a total paper solution from the designing and cutting…
Precision Gearbox Market 2024 Key Players Siemens, Brevini, SEW Eurodrive
North America, mainly led by the U.S. precision gearbox market, captured over 20% of the revenue in the year 2015, due to rise in manufacturing plants in the region. The APAC Market will witness growth on account of increasing automation and adoption of operational efficient machinery. Europe precision gearbox market share was responsible for over 30% of overall 2015 revenue and will grow significantly throughout the forecast timeline.
Precision Gearbox Market…
Precision Gearbox Market: Top Manufacturers are Siemens, SEW Eurodrive, Brevini
Precision Gearbox Market is projected to be valued at around USD 3 billion by 2024. These machines are designed to withstand high tolerances offering efficiencies of 90% and above and are used for speed reduction to provide high torque multiplication. Precision gearboxes are preferred by designer as they have smaller components, utilizes less space and saves cost.
Request For Sample Copy Of This Report @ https://www.gminsights.com/request-sample/detail/255
…
Global Resistance box Market 2017 : Prova, YOKOGAWA, Smart, SEW, DAHUA
Resistance box
A market study based on the " Resistance box Market " across the globe, recently added to the repository of Market Research, is titled ‘Global Resistance box Market 2017’. The research report analyses the historical as well as present performance of the worldwide Resistance box industry, and makes predictions on the future status of Resistance box market on the basis of this analysis.
Get Free Sample Copy of Report Here…
SEW-EURODRIVE and Brose Establish Joint Venture
Bruchsal/Coburg, Germany, February 21, 2011: Brose Fahrzeugteile GmbH & Co. KG and SEW-EURODRIVE concluded an agreement today to establish Brose-SEW Elektromobilitäts GmbH & Co. KG, a joint venture for electric mobility solutions. The goal of this new joint venture is to develop, produce and market drive systems and charging systems for electric and hybrid vehicles.
Brose Fahrzeugteile GmbH & Co. in Coburg, Germany and SEW-EURODRIVE GmbH & Co KG in Bruchsal…
