Press release
Variable Speed Drive Market by Type (AC Drive, DC Drive, and Servo Drive), Voltage (Low voltage and Medium Voltage), Application (Compressor, Pump, Fan, and Others), and End User (Mining & Minerals, Waste & Wastewater, Food & Beverage, and Others) - Globa
Variable Speed Drive Market
According to a recent report published by Allied Market Research, titled, Variable Speed Drive Market by Type, Voltage, Application, and End User System: Global Opportunity Analysis and Industry Forecast, 2017-2023, the global variable speed drive market was valued at $18,004 million in 2016, and is projected to reach at $26,544 million by 2023, growing at a CAGR of 5.6% from 2023 to 2026.
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Variable Speed Drive is a device that regulates the speed and rotational force of electric motor by changing the frequency of the power being fed to the motor. Motors are widely used in industries and offices. In addition, more than 65% of industrial energy is consumed by motors. Motors operate in various machine such as sewage and irrigation pumps, paper machines, power plant fans, and milking machines. Moreover, variable speed drive are essential components in electrical devices such as pump, fan, compressor, conveyor, and others where it plays a key role.
Increase in urbanization and industrialization in emerging countries such as India, China, Brazil, and others drive the demand for variable speed drive market. Further, the growth in need for energy efficiency, rise in trend of industrial automation, and reduction in operating costs of any intensive industry fuel the market growth. However, high cost of deployment is expected restrain the growth of the market.
ABB Ltd., Siemens AG, Rockwell Automation, Inc., Yaskawa Electric Corporation, General Electric, Crompton Greaves, WEG, Schneider, Emerson Electric, and Danfoss are some of the key players operating in the global variable speed drive market.
The variable speed drive market is segmented based on type, voltage, application, end user, and region. Based on type, the market is categorized into AC drive, DC drive, and servo drive. According to voltage type, the market is bifurcated into low voltage and medium voltage. Based on application, the market is divided into compressor, pumps, fans, and others. Based on end user, the market is segmented into automotive, electronic, oil & gas, power generation, and others. Based on region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
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Rise in working population and increase in urbanization lead to rise in industrialization in emerging markets such as India, China, Brazil, and others. Further, with the increase in industrialization the demand for variable speed drives is also expected to rise as it regulates the speed and rotational force of the electric motor installed in several machines for instance pump, fan, compressor, conveyor, and others in the organization. In addition, the benefit such as controlled starting current that extends the life of the motor, reduced voltage sag, and controlled acceleration attracts industries toward adoption of variable speed drives.
More than one-third of the global electrical energy is supplied by electric motors in fixed-speed centrifugal pump, compressor, fan, and other applications. This creates the demand for devices such as variable speed drives, which increases the energy efficiency, cuts down the operational cost, and results in rise in production efficiency. Variable speed drive reduces energy cost up to 50% through the reduction of speed on applications where the full speed of the electric motor is not required.
Table of Content:
Chapter: 1: Introduction
1.1. Report description
1.2. Key benefits for stakeholders
1.3. Key market segment
1.4. Research methodology
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools & models
Chapter: 2: Executive summary
2.1. CXO perspective
Chapter: 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top impacting factors
3.2.2. Top investment pockets
3.2.3. Top winning strategies
3.2.3.1. Top winning strategies, by year 2014-2017
3.2.3.2. Top winning strategies, by development 2014-2017
3.2.3.3. Top winning strategies, by company 2014-2017
3.3. Porter's five forces analysis
3.4. Market share analysis, 2015
3.5. Market dynamics
3.5.1. Drivers
3.5.1.1. Increase in industrialization in emerging market
3.5.1.2. Increase in demand for energy efficiency devices
3.5.2. Restraints
3.5.2.1. High cost of variable speed drives
3.5.3. Opportunities
3.5.3.1. Increase in demand for variable speed drives in food & beverage industry
Chapter: 4: VARIABLE SPEED DRIVES MARKt BY TYPE
4.1. Overview
4.2. AC Drive
4.2.1. Key market trends and opportunities
4.2.2. Market size and forecast by region
4.2.3. Market analysis by country
4.3. DC Drive
4.3.1. Key market trends and opportunities
4.3.2. Market size and forecast by region
4.3.3. Market analysis by country
4.4. Servo Drive
4.4.1. Key market trends and opportunities
4.4.2. Market size and forecast by region
4.4.3. Market analysis by country
Chapter: 5: VARIABLE SPEED DRIVES MARKt BY VOLTAGE
5.1. Overview
5.2. Low Voltage
5.2.1. Key market trends and opportunities
5.2.2. Market size and forecast by region
5.2.3. Market analysis by country
5.3. Medium Voltage
5.3.1. Key market trends and opportunities
5.3.2. Market size and forecast by region
5.3.3. Market analysis by country
Chapter: 6: VARIABLE SPEED DRIVES MARKt BY application
6.1. Overview
6.2. Compressor
6.2.1. Key market trends and opportunities
6.2.2. Market size and forecast by region
6.2.3. Market analysis by country
6.3. Pump
6.3.1. Key market trends and opportunities
6.3.2. Market size and forecast by region
6.3.3. Market analysis by country
6.4. Fan
6.4.1. Key market trends and opportunities
6.4.2. Market size and forecast by region
6.4.3. Market analysis by country
6.5. Others
6.5.1. Key market trends and opportunities
6.5.2. Market size and forecast by region
6.5.3. Market analysis by country
Chapter: 7: VARIABLE SPEED DRIVES MARKt BY end -user
7.1. Overview
7.2. Mining & Minerals
7.2.1. Key market trends and opportunities
7.2.2. Market size and forecast by region
7.2.3. Market analysis by country
7.3. Waste and Wastewater
7.3.1. Key market trends and opportunities
7.3.2. Market size and forecast by region
7.3.3. Market analysis by country
7.4. Food and Beverage
7.4.1. Key market trends and opportunities
7.4.2. Market size and forecast by region
7.4.3. Market analysis by country
7.5. Others
7.5.1. Key market trends and opportunities
7.5.2. Market size and forecast by region
7.5.3. Market analysis by country
Chapter: 8: VARIABLE SPEED DRIVES MARKEt, BY REGION
8.1. Overview
8.2. North America
8.2.1. Key market trends and opportunities
8.2.2. Market size and forecast by type
8.2.3. Market size and forecast by voltage
8.2.4. Market size and forecast by application
8.2.5. Market size and forecast by end-user
8.2.6. Market analysis by country
8.2.6.1. U.S.
8.2.6.1.1. Market size and forecast
8.2.6.1.2. Market size and forecast, by type
8.2.6.1.3. Market size and forecast, by voltage
8.2.6.1.4. Market size and forecast, by application
8.2.6.1.5. Market size and forecast, by end-user
8.2.6.2. Canada
8.2.6.2.1. Market size and forecast
8.2.6.2.2. Market size and forecast, by type
8.2.6.2.3. Market size and forecast, by voltage
8.2.6.2.4. Market size and forecast, by application
8.2.6.2.5. Market size and forecast, by end-user
8.2.6.3. Mexico
8.2.6.3.1. Market size and forecast
8.2.6.3.2. Market size and forecast, by type
8.2.6.3.3. Market size and forecast, by voltage
8.2.6.3.4. Market size and forecast, by application
8.2.6.3.5. Market size and forecast, by end-user
8.3. Europe
8.3.1. Key market trends and opportunities
8.3.2. Market size and forecast by type
8.3.3. Market size and forecast by voltage
8.3.4. Market size and forecast by application
8.3.5. Market size and forecast by end-user
8.3.6. Market analysis by country
8.3.6.1. UK
8.3.6.1.1. Market size and forecast
8.3.6.1.2. Market size and forecast, by type
8.3.6.1.3. Market size and forecast, by voltage
8.3.6.1.4. Market size and forecast, by application
8.3.6.1.5. Market size and forecast, by end-user
8.3.6.2. France
8.3.6.2.1. Market size and forecast
8.3.6.2.2. Market size and forecast, by type
8.3.6.2.3. Market size and forecast, by voltage
8.3.6.2.4. Market size and forecast, by application
8.3.6.2.5. Market size and forecast, by end-user
8.3.6.3. Germany
8.3.6.3.1. Market size and forecast
8.3.6.3.2. Market size and forecast, by type
8.3.6.3.3. Market size and forecast, by voltage
8.3.6.3.4. Market size and forecast, by application
8.3.6.3.5. Market size and forecast, by end-user
8.3.6.4. Russia
8.3.6.4.1. Market size and forecast
8.3.6.4.2. Market size and forecast, by type
8.3.6.4.3. Market size and forecast, by voltage
8.3.6.4.4. Market size and forecast, by application
8.3.6.4.5. Market size and forecast, by end-user
8.3.6.5. Rest of Europe
8.3.6.5.1. Market size and forecast
8.3.6.5.2. Market size and forecast, by type
8.3.6.5.3. Market size and forecast, by voltage
8.3.6.5.4. Market size and forecast, by application
8.3.6.5.5. Market size and forecast, by end-user
8.4. Asia-Pacific
8.4.1. Key market trends and opportunities
8.4.2. Market size and forecast by type
8.4.3. Market size and forecast by voltage
8.4.4. Market size and forecast by application
8.4.5. Market size and forecast by end-user
8.4.6. Market analysis by country
8.4.6.1. China
8.4.6.1.1. Market size and forecast
8.4.6.1.2. Market size and forecast, by type
8.4.6.1.3. Market size and forecast, by voltage
8.4.6.1.4. Market size and forecast, by application
8.4.6.1.5. Market size and forecast, by end-user
8.4.6.2. Australia
8.4.6.2.1. Market size and forecast
8.4.6.2.2. Market size and forecast, by type
8.4.6.2.3. Market size and forecast, by voltage
8.4.6.2.4. Market size and forecast, by application
8.4.6.2.5. Market size and forecast, by end-user
8.4.6.3. India
8.4.6.3.1. Market size and forecast
8.4.6.3.2. Market size and forecast, by type
8.4.6.3.3. Market size and forecast, by voltage
8.4.6.3.4. Market size and forecast, by application
8.4.6.3.5. Market size and forecast, by end-user
8.4.6.4. Japan
8.4.6.4.1. Market size and forecast
8.4.6.4.2. Market size and forecast, by type
8.4.6.4.3. Market size and forecast, by voltage
8.4.6.4.4. Market size and forecast, by application
8.4.6.4.5. Market size and forecast, by end-user
8.4.6.5. Rest of Asia-Pacific
8.4.6.5.1. Market size and forecast
8.4.6.5.2. Market size and forecast, by type
8.4.6.5.3. Market size and forecast, by voltage
8.4.6.5.4. Market size and forecast, by application
8.4.6.5.5. Market size and forecast, by end-user
8.5. LAMEA
8.5.1. Key market trends and opportunities
8.5.2. Market size and forecast by type
8.5.3. Market size and forecast by voltage
8.5.4. Market size and forecast by application
8.5.5. Market size and forecast by end-user
8.5.6. Market analysis by Region
8.5.6.1. Latin America
8.5.6.1.1. Market size and forecast
8.5.6.1.2. Market size and forecast, by type
8.5.6.1.3. Market size and forecast, by voltage
8.5.6.1.4. Market size and forecast, by application
8.5.6.1.5. Market size and forecast, by end-user
8.5.6.2. Middle East
8.5.6.2.1. Market size and forecast
8.5.6.2.2. Market size and forecast, by type
8.5.6.2.3. Market size and forecast, by voltage
8.5.6.2.4. Market size and forecast, by application
8.5.6.2.5. Market size and forecast, by end-user
8.5.6.3. Africa
8.5.6.3.1. Market size and forecast
8.5.6.3.2. Market size and forecast, by type
8.5.6.3.3. Market size and forecast, by voltage
8.5.6.3.4. Market size and forecast, by application
8.5.6.3.5. Market size and forecast, by end-user
Chapter: 9: Company profiles
9.1. ABB Ltd.
9.1.1. Company overview
9.1.2. Company snapshot
9.1.3. Operating business segments
9.1.4. Product portfolio
9.1.5. Business performance
9.1.6. Key strategic moves and developments
9.2. Siemens AG
9.2.1. Company overview
9.2.2. Company snapshot
9.2.3. Operating business segments
9.2.4. Product portfolio
9.2.5. Business performance
9.3. Rockwell Automation, Inc.
9.3.1. Company overview
9.3.2. Company snapshot
9.3.3. Operating business segments
9.3.4. Product portfolio
9.3.5. Business performance
9.3.6. Key strategic moves and developments
9.4. Yaskawa Electric Corporation
9.4.1. Company overview
9.4.2. Company snapshot
9.4.3. Operating business segments
9.4.4. Product portfolio
9.4.5. Business performance
9.4.6. Key strategic moves and developments
9.5. General Electric,
9.5.1. Company overview
9.5.2. Company snapshot
9.5.3. Operating business segments
9.5.4. Product portfolio
9.5.5. Business performance
9.6. Crompton Greaves
9.6.1. Company overview
9.6.2. Company snapshot
9.6.3. Operating business segments
9.6.4. Product portfolio
9.6.5. Business performance
9.6.6. Key strategic moves and developments
9.7. WEG
9.7.1. Company overview
9.7.2. Company snapshot
9.7.3. Operating business segments
9.7.4. Product portfolio
9.7.5. Business performance
9.7.6. Key strategic moves and developments
9.8. Schneider
9.8.1. Company overview
9.8.2. Company snapshot
9.8.3. Product portfolio
9.8.4. Business performance
9.8.5. Key strategic moves and developments
9.9. Emerson Electric
9.9.1. Company overview
9.9.2. Company snapshot
9.9.3. Operating business segments
9.9.4. Product portfolio
9.9.5. Business performance
9.9.6. Key strategic moves and developments
9.10. Danfoss
9.10.1. Company overview
9.10.2. Company snapshot
9.10.3. Operating business segments
9.10.4. Product portfolio
9.10.5. Business performance
9.10.6. Key strategic moves and developments
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