Press release
Variable Frequency Drive Market Global Demand and Insights Analysis Report | Industry Top Leaders: ABB Ltd. , Siemens AG , Rockwell Automation, Inc., General Electric , Emerson Electric Co.
The factor which drives the growth of variable frequency drive market is increase in urbanization and industrialization in developing countries. Other factors driving the growth of these market are regulation on efficiency of energy, growing trends in industrial automation, efficient utilization of energy and increase in construction activities, power transmission & distribution. The utilization of VFDs, also results in the reduction of production cost, ultimately leading to the growth of these market. The growth of VFDs is also attributed by the increase of infrastructure activities such as construction of hospitals and educational institutions. The reduction in the operating cost of energy industry also results in the growth of this market.
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Variable Frequency Drive Industry Top Key Players:-
• Emerson Electric Co.
• Hitachi, Ltd.
• Mitsubishi Electric Corporation
• Schneider Electric
• Honeywell International
• ABB Ltd.
• Siemens AG
• Rockwell Automation, Inc.
• WEG
• Yaskawa Electric Corporation
• Eaton Corporation Plc.
• General Electric
Asia-Pacific accounts for the highest market share:-
The Asia-Pacific accounts for the highest market share during the forecast period because the region is leading in infrastructure and industrial sector. Energy industries are adopting these drives in order to reduce the energy consumption and reduce the emission of CO2. In Middle East and Africa, the growth in the construction industry have resulted in the growth of these market. Europe is expected to grow during the forecast period, due to the rise in automotive industry.
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Variable Frequency Drive 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.
Major Points From TOC:-
1 Executive Summary
2 Research Methodology
3 Market Dynamics
4 Global Variable Frequency Drive Market, By Type
5 Global Variable Frequency Drive Market, By Application
6 Global Variable Frequency Drive Market, By End-User
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7 Regional Market Analysis
7.1 Introduction
7.2 North America
7.2.1 U.S.
7.2.2 Canada
7.3 Europe
7.3.1 U.K
7.3.2 France
7.3.3 Germany
7.3.4 Spain
7.3.5 Rest Of Europe
7.4 Asia-Pacific
7.4.1 China
7.4.2 Japan
7.4.3 India
7.4.4 Rest Of Asia-Pacific
7.5 Rest Of The World
Continued.........
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