Press release
Booming Growth in Variable-frequency Drive Market Analysis Report 2020 and Forecast to 2024 by Developments in Company’s by - ABB, Siemens, Schneider Electric, Danfoss
Variable-frequency Drive Market
Global Variable-frequency Drive Market overview:
BusinessIndustryReports have new report spread across 96 pages is an overview of the Global Variable-frequency Drive Market Report 2020. The Global Variable-frequency Drive Market is projected to grow at a healthy growth rate from 2020 to 2024 according to new research. The study focuses on market trends, leading players, supply chain trends, technological innovations, key developments, and future strategies.
Available Exclusive Sample Copy of this Report @ https://www.businessindustryreports.com/sample-request/231201.
Regulations are the major factor that drives Variable-frequency Drive Market are increased usage of Variable-frequency Drive across major industry verticals, rapid industrialization and urbanization, along with increasing investments on infrastructure development, and shifting focus on energy efficiency.
The Global Variable-frequency Drive Market is segmented on the basis of Product Type, Application, End Use Industry and Region. On the Basis of Product Type segment, the Variable-frequency Drive Market is sub segmented into Medium-voltage Inverter, Low-voltage Inverter. Based on End Use Industry segment, the Variable-frequency Drive Market is sub segmented into Textile Industry, Oil & Gas Industry, Ming Industry, Hoisting Machinery, Others. Oil & gas is one of the leading end-use industries of Variable-frequency Drive. There has been a stagnant growth in the global upstream oil & gas industry since 2014, owing to the decrease in exploration and production activities. Declining oil prices, due to an oversupplied market, have resulted in a decrease in exploration and production activities.
The Asia-Pacific region is projected to register a highest growth in the market between 2020 and 2024. The growing end-user industry is the key driver of the market in the region. Europe is projected to witness a slow growth during the forecast period due to stringent environment norms in the region. North America is the largest market for Variable-frequency Drive followed by Asia-Pacific. The increasing demand from the water treatment segment coupled with the rising demand from reviving Technology industry is driving the market for Variable-frequency Drive in North America.
Some of the Variable-frequency Drive Market manufacturers involved in the market are ABB, Siemens, Schneider Electric, Danfoss, Rockwell Automation, Mitsubishi Electric, Yaskawa Electric, Fuji Electric, Delta Electronics, Inovance Technology, INVT, EURA DRIVES, Slanvert, Hiconics, STEP Electric Corporation, Acquisitions and effective mergers are some of the strategies adopted by the Variable-frequency Drive Market manufacturers. New product launches and continuous technological innovations are the Variable-frequency Drive Market strategies adopted by the major players.
Latest Industry Updates:
Siemens Limited will equip Lalitpur Power Generation Company Limited (LPGCL), a Bajaj Group company, with advanced digital solutions for its power plant located in Lalitpur, Uttar Pradesh, India.
Siemens will provide a complete thermal twin for the LPGCL coal-fired power plant, enabling improvements in the plant’s performance. Siemens experts, in close collaboration with plant operations team, will provide remote performance monitoring and diagnostics from the recently launched Siemens MindSphere Application Center in Gurgaon. The thermal twin, powered by thermodynamic analysis and machine learning, allows power plant operators to diagnose performance gaps for every asset in the cycle in real-time and provides recommendations for improving performance. This co-creation approach will assist the plant team in identifying and rectifying performance gaps in a timely manner.
R S Sharma, Managing Director, Bajaj Power Ventures, said, “We are delighted to partner with Siemens in our digitalization journey. The digital solutions are aimed at improving power plant performance and optimizing operations. The solutions, once executed, will result in sustainable and efficient power generation.” Gerd Deusser, Head, Gas and Power, Siemens Limited, said, “Changing market requirements in the power sector have increased the demand for data analysis and digitalization is about turning that data into value for businesses. We are proud to partner LPGCL in equipping their super-critical power plants with cutting edge digital solutions. Digitalization will be a significant enabler for more efficiency, sustainability, security and productivity for power plants
Buy Variable-frequency Drive Market analysis & forecast 2020-2024 Report along with complete TOC@ https://www.businessindustryreports.com/buy-now/231201/single.
Key Questions Answered in this Report:
1 The study provides an in-depth analysis of the global Variable-frequency Drive Market and current & future trends to elucidate the imminent investment pockets.
2 Information about key drivers, restrains, and opportunities and their impact analysis on the market size is provided.
3 Porters Five Forces analysis illustrates the potency of buyers and suppliers operating in the industry.
4 The quantitative analysis of the global market from 2016 to 2024 is provided to determine the market potential.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Region segment: This report is segmented into several key regions, with sales, revenue, market share (%) and growth Rate (%) of HD Map in these regions, from 2013 to 2024 (forecast), covering: North America, Europe, Asia Pacific, Middle East & Africa and South America
Get Attractive Discount @ https://www.businessindustryreports.com/check-discount/231201.
Table of Contents:
1 Variable-frequency Drive Definition
2 Global Variable-frequency Drive Market Major Player Share and Market Overview
3 Major Player Variable-frequency Drive Business Introduction
4 Global Variable-frequency Drive Market Segmentation (Region Level)
5 Global Variable-frequency Drive Market Segmentation (Product Type Level)
6 Global Variable-frequency Drive Market Segmentation (Industry Level)
7 Global Variable-frequency Drive Market Segmentation (Channel Level)
8 Variable-frequency Drive Market Forecast 2020-2024
9 Variable-frequency Drive Segmentation Type
10 Variable-frequency Drive Segmentation Industry
11 Variable-frequency Drive Cost Analysis
12 Conclusion
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