Global Variable Frequency Drive Market Key industry giants in the market includes ABB, American Electric Technologies, Hitachi, Honeywell, KB Electronics, Johnson Controls, Mitsubishi Electric, Schneider Electric, Siemens, Toshiba, Vacon and Yaskawa Elect
Rising investments toward infrastructure development coupled with increasing manufacturing facilities across developing economies will drive the variable frequency drive market size. Growing adoption of energy efficient products with an aim to ensure energy security will complement the business outlook. Regulatory bodies across the globe has introduced various standards to encourage the deployment of energy efficient systems. For instance, the U.S. Department of Energy (DOE) plans to accomplish efficiency standards with an aim to improve energy efficiency that is economically justified and technologically feasible.
Request for Sample Copy of this research report @ https://www.gminsights.com/request-sample/detail/1185
Variable frequency drive market research report includes in-depth coverage of the industry with estimates & forecast in terms of Units and USD from 2013 to 2024, for the following segments:
Variable Frequency Drive Market, By Power Range
• Micro power drive
• Low power drive
• Medium power drive
• High power drive
Variable Frequency Drive Market, By Drive
UK variable frequency drive market is set to surpass 1.3 million units by 2024. Rising demand for clean energy technology along with stringent government norms toward the adoption of sustainable systems will positively impact the industry outlook. In 2014, the European Union introduced Climate and Energy target to reduce carbon footprints to 20% along with an aim to increase renewable energy share by 20% by the end of 2020.
Technological advancement across industries including metals & mining, utilities, petrochemicals, steel and cement industry will stimulate the variable frequency drive market. Increasing exploration and production activities across oil-rich countries will positively impact the product demand. As per the Organization for Petroleum Exporting Countries (OPEC) the world crude oil production has witnessed an increase of 2.4% in 2016 when compared to the production of 2015. High efficiency, limited maintenance, high power factor and low cost make its adoption preferable over other counterparts.
Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/1185
The U.S. variable frequency drive market will grow over 3% by 2024. Rising adoption of speed drives primarily across O&G and power generation sector will propel the industry growth. Introduction of initiatives toward the achievement of energy efficiency will further augment the industry landscape. For instance, in the U.S., Federal Energy Management Programme identifies affordable solutions to meet goals related to energy leadership across the country.
For Asia Pacific, China variable frequency drive market is predicted to witness strong growth owing to rapid industrialization and urbanization. Rising need for energy efficiency along with high end technological advancement will complement the industry outlook. Rapid expansion by Original Equipment Manufacturers (OEMs) along with flourishing automotive industry will further stimulate the product penetration.
Browse key industry insights spread across 550 pages with 1258 market data tables & 12 figures & charts from the report @ https://www.gminsights.com/industry-analysis/variable-frequency-drive-vfd-market
In 2016, Saudi Arabia accounted for over 17% of Middle East and Africa variable frequency drive market share. Aggressive spending towards the deployment of sustainable systems with an aim to facilitate energy savings along with limited maintenance cost, will augment the industry landscape. In 2015, GE initiated the deployment MV7000 speed drives of 18 MW across Yanbu desalination plant.
Key industry giants in the variable frequency drive market are ABB, Crompton Greaves, Amtech Electronics, Eaton, Emerson, Danfoss VLT Drives, Fuji Electric, Hiconics, GE, Johnson Controls, Honeywell, KB Electronics, Mitsubishi, Schneider Electric, Rockwell Automation, Siemens, Vacon, Toshiba and Yaskawa Electric.
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
Corporate Sales, USA
Global Market Insights, Inc.
Toll Free: 1-888-689-0688
Explore Our Blog @ http://allnewsmyway.com
This release was published on openPR.
Permanent link to this press release:
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 Global Variable Frequency Drive Market Key industry giants in the market includes ABB, American Electric Technologies, Hitachi, Honeywell, KB Electronics, Johnson Controls, Mitsubishi Electric, Schneider Electric, Siemens, Toshiba, Vacon and Yaskawa Elect here
News-ID: 1507921 • Views: 416
More Releases from Global Market Insights, Inc.
Hypochlorite Bleaches Market to hit US$ 300 Mn 2025 | Top Key Players like Adity …
As per the research report by Global Market Insights, Inc., Global Hypochlorite Bleaches Market to cross USD 300 million by 2025 and grow at 3.4% CAGR from 2019 to 2025. It has been projected that the Global hypochlorite bleaches market is expected to reach a consumption of around 485-kilo tons by 2025. Water scarcity as well as rising water costs have led to more emphasis being laid on water recycling and
Feminine Hygiene Products Market: Growing awareness regarding intimate health in …
Global Market Insights, Inc., announces an ongoing comprehensive report on the Feminine Hygiene Products Market. One of the most hushed topics across the world is female hygiene, the negligence of which results in several diseases. Studies claim that nearly 30% to 60 % women across the globe develop urinary tract infection once in their lifetime, mainly due to negligence in proper intimate hygiene. Dearth of knowledge regarding the negative consequences of
Examination Gowns Market 2020 business trends & growth opportunities to 2026
Global Market Insights, Inc., announces an ongoing comprehensive report on the Examination Gowns Market. The exposure to various kinds of hospital acquired infections has led to a spate of health problems for the healthcare professionals as well has the patients. In this regard, experts have been massively shifting to adoption of personal protective equipment or clothing, examination gowns, protecting them from all kinds of infections. These gowns are present in the
Nonwoven Packaging Market to witness increased demand from pharmaceutical sector …
Global Market Insights, Inc., announces an ongoing comprehensive report on the Nonwoven Packaging Market. With the world struggling to fight against negative consequences of industrialization and increased carbon emissions, nonwovens or nonwoven fabrics have emerged as an intrinsic solution for all ecological imbalances across the globe. These fabrics are made from staple fiber and long fibers, merged together by chemical, heat, or mechanical treatment. These are generally used in textile manufacturing
More Releases for Drive
Global Harmonic Drive Market 2018 - BENRUN Robot, Nidec-Shimpo, China Harmonic D …
Apex Market Reports, recently published a detailed market research study focused on the “Harmonic Drive Market” across the global, regional and country level. The report provides 360° analysis of “Harmonic Drive Market” from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global PP Pipe industry, and estimates the future trend of Harmonic Drive on
Harmonic Drive Gear Reduction
Publisher Research announces that it has published a new study Harmonic Drive Precision Strain Wave Reducer Gearboxes and RV and RD Reducers: Market Shares, Strategy, and Forecasts, Worldwide, 2018 to 2024. The 2018 study has 230 pages, 141 tables and figures. The leading vendors in the harmonic drive industry have invested in high-quality technology and processes to develop leading edge reducer strain relief gearbox capability. Request Sample Copy at http://www.reportsweb.com/inquiry&RW00011308042/sample Harmonic
Hard Disk Drive Market 2017-2027 Expected to Drive Growth
In recent past it has been observed that the Hard disk drive market is negatively affected, driven by falling sales in the PC market. But a trend that helped to boost the market growth is the innovation of high-storage portable external hard disks. Hard disk drive market is directly affected by the flash-based SSDs. In now days the adaptation of flash based SSDs in Laptops and personal computers continue
Harmonic Drive Market Forecasts – HDSI, Leaderdrive, Beijing CTKM Harmonic Dri …
For overview analysis, the report introduces Harmonic Drive Market basic information including definition, classification, application, industry chain structure, industry overview, policy analysis, and news analysis, etc. Harmonic Drive Market : Harmonic Drive is a compact, high performance, precision reduction gear. It is one of the key components used in robotic products such as collaborative work robots. The gear consists of only 3 basic parts (Wave Generator, Flex spline, and Circular Spline). It
Harmonic Drive Market 2017- HDSI, Leaderdrive, Beijing CTKM Harmonic Drive
The Global Harmonic Drive Market 2017 Industry Research Report focused on major manufacturers, regions, type as well as application of the Harmonic Drive industry.“Harmonic Drive is a compact, high performance, precision reduction gear. It is one of the key components used in robotic products such as collaborative work robots. The gear consists of only 3 basic parts (Wave Generator, Flex spline, and Circular Spline). It provides excellent features not
New Compact Linear Drive
PIShift drives are compact and cost-efficient piezo linear drives from PI (Physik Instrumente), the Karlsruhe specialist for positioning systems. The drives use the stick-slip effect and, due to the high operating frequency of more than 20 kHz, they are noiseless. The load is coupled to the moving rod. Typical applications of drives operating with this principle are the adjustment of optical and opto-mechanical components, cell manipulation as well as industrial applications