openPR Logo
Press release

Variable Frequency Drive Market Future Forecast 2017–2027: Latest Analysis by Future Market Insights.

11-27-2018 10:51 AM CET | Industry, Real Estate & Construction

Press release from: Future Market Insights

Variable Frequency Drive Market Future Forecast 2017–2027:

Smart grid technology has been anticipated to create lucrative growth avenues for VFD (variable frequency drive) manufacturers in the forthcoming years. This is primarily attributed to the developing applications of VFD (variable frequency drive) in smart grids for varying voltage and phase angle required. This in turn ensures more effective transmission of electricity. Key plyers in VFD (variable frequency drive) market are taking immense efforts in focusing on introducing bundled solutions for reducing customer buying efforts, thus improving overall customer experience.

By launching combined motor-drive and industry-specific package, leading VFD (variable frequency drive) manufacturers are simplifying customer buying efforts. Growing awareness amongst the end-users with regards to possible usage of single drives for the purpose of controlling multiple motors has been driving the growth of VFD (variable frequency drive) market. The study by Future Market Insights predicts that VFD (variable frequency drive) market is likely to expand at a robust 8.5% CAGR over the forecast period, 2016-2026. This growth has been attributed towards surging technological advancements and energy prices in VFD (variable frequency drive).

Request Sample of Global Smart Bike Industry Market @ https://www.futuremarketinsights.com/reports/sample/REP-GB-140

AC drive segment in VFD (variable frequency drive) market offers has been observing significant demand compared to servo and DC drives. Main benefits of AC drives includes reduced level of vibration and noise as well as increased energy savings. AC drives are majorly utilized for the purpose of diverse torque application in the industries such as mining, water and wastewater and oil & gas. Low voltage range is expected to hold the largest share in VFD (variable frequency drive) market over the period of forecast owing to significantly high energy savings at lower capital costs as well as better process control, benefitting various industries. Increasing production towards the infrastructural activities across emerging nations is likely to drive the demand for low voltage range VFD (variable frequency drive).

Pump segment is anticipated to witness significant demand during the forecast period owing to huge potential for reliability, improved performance and energy savings. In addition, increasing oil & shale gas productions have been fuelling the global pump market. Apart from this, industrial applications are likely to prove lucrative for VFD (variable frequency drive) market in the forthcoming years. Rapidly increasing demand for the electric motors from several industries such as cement, discrete manufacturing, marine, pulp and paper and others are anticipated to drive the demand and supply for VFD (variable frequency drive) for industrial applications.

Customized Research Report As per your Requirements @ https://www.futuremarketinsights.com/customization-available/rep-gb-140

Asia-Pacific is leading the VFD (variable frequency drive) market during the forecast period. China is anticipated to hold the lion’s share in Asia-Pacific region. Governments of Japan, India and China are making heavy investments in clean energy and intends to supply over 20% power from the non-fossil sources by the end of forecast period, which in turn creates positive growth avenues for VFD (variable frequency drive) market. Massive investments on manufacturing industry is another factor driving the VFD (variable frequency drive) market in Asia-Pacific.

Key players and manufacturers in VFD (variable frequency drive) market are developing strategies to introduce cost-effective and innovative VFD (variable frequency drive) for buying out competition in the near future. Manufacturers are further planning to enter into partnerships with the electric motor manufacturers for expanding customer-base as well as enhancing their presence in VFD (variable frequency drive) market.

Have Any Query? Ask Our Experts @ https://www.futuremarketinsights.com/ask-the-analyst/rep-gb-140

ABOUT US:

Future Market Insights is the premier provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centres in the U.S. and India.

FMI’s research and consulting services help businesses around the globe navigate the challenges in a rapidly evolving marketplace with confidence and clarity. Our customised and syndicated market research reports deliver actionable insights that drive sustainable growth. We continuously track emerging trends and events in a broad range of end industries to ensure our clients prepare for the evolving needs of their consumers.

CONTACT:

Future Market Insights
U.S. Office
616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989,
United States
T: +1-347-918-3531
F: +1-845-579-5705
Email: sales@futuremarketinsights.com
Web: https://www.futuremarketinsights.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 Future Forecast 2017–2027: Latest Analysis by Future Market Insights. here

News-ID: 1401544 • Views:

More Releases from Future Market Insights

Global Lithium Ion Battery Separator Market Projected to Reach US$ 3,256.7 Million by 2032
Global Lithium Ion Battery Separator Market Projected to Reach US$ 3,256.7 Milli …
The lithium-ion battery separator is a critical component in lithium-ion batteries, responsible for preventing short circuits and ensuring safe and efficient battery performance. It acts as a physical barrier between the positive and negative electrodes, allowing lithium ions to pass through while blocking the flow of electrons. With advancements in separator technology, these separators play a key role in enhancing battery capacity, cycle life, and overall safety in various applications,
Industrial Drums Market on a Trajectory to Reach US$ 17.6 Billion by 2027, Bolstered by a Robust 7.1% CAGR from 2022
Industrial Drums Market on a Trajectory to Reach US$ 17.6 Billion by 2027, Bolst …
The Industrial Drums Market is experiencing a steady and promising trajectory, with an estimated value of US$ 12.5 billion in 2022, projected to escalate to US$ 17.6 billion by 2027 at a commendable Compound Annual Growth Rate (CAGR) of 7.1%. This growth is substantiated by a 6.6% CAGR in volume during 2022-27, as per Future Market Insights. Anticipated to expand 1.5 times within this period, the market presents alluring prospects for industry
Supermarkets, Convenience Stores, and Eco-friendly Choices Fuel the Expansion of the Metal Cans Industry, Catering to Health-conscious and Environmentally-aware Consumers
Supermarkets, Convenience Stores, and Eco-friendly Choices Fuel the Expansion of …
The metal cans market is predicted to grow at a CAGR of 5% over the forecast period, according to research by Future Market Insights. The industry's estimated value is expected to increase from US$ 56 Bn in 2023 to US$ 91.1 Bn by 2033. The market for metal cans has been driven by the heightened demand for the product in food and beverages industry. Metal cans helps prolong shelf-life of perishable
Folding IBCs Market Poised for Growth: Expected to Reach US$ 528 Million by 2027 with a 4.8% CAGR
Folding IBCs Market Poised for Growth: Expected to Reach US$ 528 Million by 2027 …
The folding intermediate bulk containers (IBCs) market is on a growth trajectory, with an estimated value of US$ 418 million in 2022, projected to reach US$ 528 million by 2027, showcasing a Compound Annual Growth Rate (CAGR) of 4.8%. Remarkably, the China folding IBCs market defied initial pandemic-related skepticism and is anticipated to grow by 6.9% year on year in 2022. Despite global challenges, China's folding IBCs market is poised to contribute

All 5 Releases


More Releases for VFD

Marine VFD Industry Report Analysis By opportunities
Stratistics MRC's Marine VFD Market report provides readers with an understanding of market details, overview, drivers and segmentation with types. Marine variable frequency drives (VFD) are used for regulating the speed and torque of motors so that they run accurately according to the demand. A variable frequency drive (VFD) is a type of motor controller that drives an electric motor by varying the frequency and voltage of its power supply. The
Variable Frequency Driver (VFD) Market 2021 | Detailed Report
The Variable Frequency Driver (VFD) research report undoubtedly meets the strategic and specific needs of the businesses and companies. The report acts as a perfect window that provides an explanation of market classification, market definition, applications, market trends, and engagement. The competitive landscape is studied here in terms of product range, strategies, and prospects of the market’s key players. Furthermore, the report offers insightful market data and information about the
Marine VFD Market Comprehensive Survey 2028
Marine VFD Market: Introduction The marine VFD market is experiencing a significant growth since past few years. The marine variable frequency drive market is anticipated to undergo even more developments in the span of coming years. The major factors contributing in the rising demand in global marine VFD market are decreased energy price and low energy consumption. It operates an electric engine and can control slow down and increase of
Variable Frequency Drive (VFD) Market Latest Trends 2025
Global Variable Frequency Drive (VFD) Market: Overview Also known as speed variable drive, AC drive, adjustable speed drive, microdrive, and inverter, variable frequency drives (VFDs) are used in electro-mechanical drive systems as motor controllers by varying the frequency and voltage supplied to an electric motor. Depending upon the application, the VFD can ramp up or ramp down the voltage and frequency so as to meet the needs of the electric motor’s
Global VFD Customer Display Market Growth 2019-2024
Market Research Report Store offers a latest published report on VFD Customer Display Market Analysis and Forecast 2019-2025 delivering key insights and providing a competitive advantage to clients through a detailed report. This report focuses on the key global VFD Customer Display players, to define, describe and analyze the value, market share, market competition landscape, SWOT analysis and development plans in next few years.To analyze the VFD Customer Display with
Marine VFD Market Size, Share, Development by 2024
Global Info Research offers a latest published report on Marine VFD Market Analysis and Forecast 2019-2025 delivering key insights and providing a competitive advantage to clients through a detailed report. The report contains 102 pages which highly exhibit on current market analysis scenario, upcoming as well as future opportunities, revenue growth, pricing and profitability. Click to view the full report TOC, figure and tables: https://www.globalinforesearch.com/global-marine-vfd-market_p109797.html   Scope of the Report: The worldwide market for Marine