Press release
Global Variable Frequency Drive Market Application Potential, Competitive Market Share & Forecast, 2017 – 2024 Key player includes ohnson Controls, Mitsubishi Electric, Schneider Electric, Siemens, Rockwell Automation, Toshiba, Vacon and Yaskawa Electri
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According to the official release, through this collaboration, SEW-Eurodrive and GE have a plan to offer complementary drive and motion controller solutions for process and discrete applications. Allegedly, these solutions would thereafter be utilized in sectors like manufacturing, machine control, and the like infrastructural verticals.
The second aspect of the partnership deals with technology integration. As per the reports, the U.S. based giant would be integrating SEW’s servomotors and VFDs into its PACMotion product range. SEW, on the other hand, will incorporate GE’s IICS (Industrial Internet Control System) into its patent controller-based drive solutions to offer analytics, which ultimately would improve overall motor efficiency and reduce the operation cost.
Growing inclination toward deploying energy efficient products with an envision to ensure energy security has undoubtedly complemented overall variable frequency drive market outlook. Rising energy prices in tandem with the dire necessity of efficient motor controls is bound to generate a massive demand for advanced variable frequency drives. As per estimates, electric motors account for almost 25% of the overall electricity consumption both from consumer and industrial applications.
As the electricity consumption continues to upsurge, the application scope of variable frequency drive market is certain to widen, subject to its incredible potential of improving process control, while boosting overall system efficiency, and power factor. The presumption is amply validated by the forecast which claims annual installation of VFD industry to surpass 59 million units by 2024.
The research process begins with extensive data mining, using authentic sources such as trade magazines, technical publications, independent studies along with paid avenues such as ICIS, Hoovers, etc. Primary objectives of data mining include:
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Research Methodology
• Definition and scope of research
• Market dynamics, growth drivers and industry pitfalls
• Regulatory and political guidelines for the industry
• Demographics and statistical data
All the above factors are identified and analyzed in detail, with their present and expected market impact, which is quantified and used to derive market growth expectation. Market forecast is built using statistical analysis with models built around time-variance, regression and correlation analytics.
Significant emphasis is put on primary research, which serves the dual role or not only validating our findings but also obtaining penetrating market insights, which help us gain more clarity regarding business environment and competitive leverage. Notable participants in our primary research process include:
• Leadership figures such as CEOs, CSOs, VPs etc. in key companies
• Supply-chain participants, distributors and domain experts
• Key customers and B2B clients
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Chapter 4 Variable Frequency Drive Market, By Power Range
4.1 Variable frequency drive market share by power range, 2016 & 2024
4.2 Micro power drive
4.2.1 Global market from micro power drive, 2013 - 2024
4.2.2 Global market from micro power drive, by region, 2013 – 2024
4.3 Lower power drive
4.4 Medium power drive
4.4.1 Global market from medium power drive, 2013 - 2024
4.4.2 Global market from medium power drive, by region, 2013 – 2024
4.5 High power drives
4.5.1 Global market from high power drives, 2013 - 2024
4.5.2 Global market from high power drives, by region, 2013 – 2024
Chapter 5 Variable Frequency Drive Market, By Drive Type
5.1 Variable frequency drive market share by drive type, 2016 & 2024
5.2 AC drive
5.3 DC drive
5.3.1 Global market from DC drive, 2013 - 2024
5.3.2 Global market from DC drive, by region, 2013 – 2024
5.4 Servo drive
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
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