Variable Frequency Drive 2023 Market Opportunities, Segmentation, Industry Insights, Future Trends, On-going Demand Research Report

Variable Frequency Drive Market – Overview
The rising impetus on energy efficiency is contributing in a major way to the demand for variable frequency drives. Market reports associated with the energy and power sector made accessible by Market Research Future along with published reports on other sectors have been lately put out along with a report on this industry. The market is projected to progress with a 6.3% CAGR over the forecast period.

The escalating usage of appliances has prompted the growth in the market of late. Rising government initiatives linked to the reducing energy usage is expected to benefit the market for variable frequency drives. Factors such as rising construction levels for infrastructure and buildings coupled with rising industrialization is expected to fuel the market over the forecast period.

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The report has been analyzed based on types, applications, end-user and regions. On the basis of type, AC drives is expected to witness the highest growth during the forecast period due to higher demand for AC drives and less requirement of maintenance. They are extensively used in heavy industries such as metals and mining, power generation, oil & gas, which has led to the growth of these segment. Based on applications, pumps segment is expected to dominate the market during the forecast period due to the rapid increase in the industrial activities and the growth of the construction sector.

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

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.

Industry Updates:
Aug 2018 Invertek Drives Ltd. and Reftronix which is a Danish CO2 refrigerant control specialist will introduce a new variable frequency drives (VFD) and a CO2 condensing unit controller (CDU). Their technical partnership aims to deliver natural and energy efficient refrigerant-based solution to fulfill the requirements that the EU’s F-Gas Regulation and Eco-Design Directive levies on the HVAC&R industry.

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Major Points From Table Of Content:-
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
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
To be Continued.......

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