Press release
Global Variable Frequency Market: Global Market Sales, Consumption, Demand and Forecast 2023 - Planet Market Report
Global Variable Frequency Market 2019
Planet Market Reports projects that the Variable Frequency Drive market size will grow from USD 19.96 Billion in 2017 to USD 28.31 Billion by 2023, at an estimated CAGR of 5.99%. The base year considered for the study is 2017, and the market size is projected from 2018 to 2023.
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This growth is attributed to the increasing infrastructural activities including construction of hospitals, and educational institutions, strict regulations related to energy efficiency, reduction of life cycle cost and optimized energy use.The report segments the variable frequency drive market based on type into AC drives, DC drives and Servo drives. The AC drives segment is projected to dominate the VFD market.The variable frequency drive market has been segmented based on power range into micro power drive UP TO 5 Kw , low power drive 6-40 kW , medium power drive 41-200 kW and high power drive Above 200 kW . The micro power drive segment accounted for the largest market share in 2015. These VFDs are increasingly popular due to their wide application in fans, pumps, compressors, conveyors, extruders, among others.
By Market Players
ABB Ltd. , Siemens AG , Schneider Electric Se , Danfoss , Rockwell Automation , Weg SA , Yaskawa Electric Corp , Eaton , General Electric , Emerson Electric Co. , Hitachi , Crompton Greaves , Mitsubishi Heavy Industries, Ltd. , Fuji Electric Co. , Toshiba, ,
By Type
Alternating Current AC Variable Frequency Drives , Direct Current DC Variable Frequency Drives , Servo Variable Frequency Drives, ,
By End-User
Oil & Gas , Power Generation , Industrial , Infrastructure,
By Voltage
Low Voltage Variable Frequency Drives , Medium Voltage Variable Frequency Drives,
By Power Range
Micro Power Drives , Low Power Drives , Medium Power Drives , High Power Drives,
The prime objective of this report is to help the user understand the market in terms of its definition, segmentation, market potential, influential trends, and the challenges that the market is facing. Deep researches and analysis were done during the preparation of the report. The readers will find this report very helpful in understanding the market in depth. The data and the information regarding the market are taken from reliable sources such as websites, annual reports of the companies, journals, and others and were checked and validated by the industry experts. The facts and data are represented in the report using diagrams, graphs, pie charts, and other pictorial representations. This enhances the visual representation and also helps in understanding the facts much better.
Points Covered in The Report:
The points that are discussed within the report are the major market players that are involved in the market such as manufacturers, raw material suppliers, equipment suppliers, end users, traders, distributors and etc.
The complete profile of the companies is mentioned. And the capacity, production, price, revenue, cost, gross, gross margin, sales volume, sales revenue, consumption, growth rate, import, export, supply, future strategies, and the technological developments that they are making are also included within the report. The historical data from 2012 to 2017 and forecast data from 2018 to 2023.
The growth factors of the market is discussed in detail wherein the different end users of the market are explained in detail.
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Data and information by manufacturer, by region, By Type, By Application and etc, and custom research can be added according to specific requirements.
The report contains the SWOT analysis of the market. Finally, the report contains the conclusion part where the opinions of the industrial experts are included.
Key Reasons to Purchase
To gain insightful analyses of the market and have comprehensive understanding of the global market and its commercial landscape.
Assess the production processes, major issues, and solutions to mitigate the development risk.
To understand the most affecting driving and restraining forces in the market and its impact in the global market.
Learn about the market strategies that are being adopted by leading respective organizations.
To understand the future outlook and prospects for the market.
Besides the standard structure reports, we also provide custom research according to specific requirements.
About US:
Planet Market Reports gives statistical surveying reports to businesses, people and associations with a goal of helping them in their decision making process. We have huge database of market research reports & company profiles across globe. We offer premium progressive statistical surveying, market research reports, analysis & forecast data for industries and governments around the globe.
Contact US:-
Name: Jennifer Daniel
Email-Id: sales@planetmarketreports.com
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UK: +447441952057
Organization: Planet Market Reports
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