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Variable Frequencies Drives Market - Global Opportunity Analysis and Industry Forecast, 2017-2023 | Leading Players: ABB, Hitachi, Honeywell, Mitsubishi Electric, Omron, Panasonic, Schneider Electronics, Siemens, Toshiba, and Yaskawa

02-05-2019 07:27 PM CET | Energy & Environment

Press release from: Allied Market Research

Variable Frequencies Drives Market - Global Opportunity

Rise in need for energy efficiency and cost savings is expected to drive the growth of the market. Further, rapid urbanization and industrialization is also anticipated to fuel the demand of VDF equipment during forecast period. However, the lack of application of VDF in pumping the fluids is expected to hinder the growth of the market.

Variable frequency drives (VDF) are capable of converting basic fixed frequency into variable frequency resulting in enhanced motor control. The use of variable frequency drives facilitates in power savings, efficient flow control, and cost savings. Moreover, VDF equipment is far more reliable compared to the traditional mechanical approaches and the frequency variations have larger scope of application in various end-user industries.

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The global variable frequency drives market is segmented based on application, end-user industry, and geography. By application, the market is divided into compressors, motors, fans, extruders, and others. By end-user industry, the market is classified into automotive, electronics, power generation, oil & gas, and others. Based on region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Key Benefits:
•The study provides an in-depth analysis of the global variable frequency drives market and current & future trends to elucidate the imminent investment pockets.
•Information about key drivers, restrains, and opportunities is provided.
•Porters Five Forces analysis illustrates the potency of buyers and suppliers operating in the industry.
•The quantitative analysis of the global market from 2016 to 2023 is provided to determine the market potential.

Variable Frequencies Drives Market Key Segments:

By Application
• Compressor
• Motors
• Fans
• Extruders
• Others

By End-User Industry
• Automotive
• Electronics
• Power Generation
• Oil & Gas
• Others

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Key players profiled in the report include ABB, Hitachi, Honeywell, Mitsubishi Electric, Omron, Panasonic, Schneider Electronics, Siemens, Toshiba, and Yaskawa.

About Allied Market Research
Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small & medium enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.

Allied Market Research provides one stop solution from the beginning of data collection to investment advice. The analysts at Allied Market Research dig out factors that help clients to understand the significance and impact of market dynamics. The company amplies client’s insight on the factors, such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys among others. As follows, the company offers consistent business intelligent support to aid the clients to turn into prominent business firm.

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