Press release
Variable Frequency Drive Market by Key Players, End User, Demand and Analysis Growth 2024
Variable Frequency Drive Market
The size of Variable Frequency Drive Market was registered at USD 13 billion in the year 2016 and is anticipated to cross USD 19 billion by 2024. The business space, as it is observed lately, has paved a distinctive transition from traditional product design to smart models. In this regard, predictive maintenance is standing out across the supply chain of variable frequency drive market. With the rising integration of IoT in various industrial domains, the prerequisite requirement of manipulating the humongous volume of data received from machines into business intelligence becomes more important. Since VFDs help in simplifying these to and fro flow of information from machineries to engineers, it can be profoundly stated that variable frequency drive market has experienced a plethora of opportunities swayed by the IoT wave.
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In fact, it has encouraged manufacturers to break the conventional mold of social network and inclining toward Ethernet. In addition, complex communication strategies that are existing nowadays are also complementing the renewed variable frequency drive market outlook, as these devices are extensively deployed to maintain comprehensive reports on power output, production rate, downtimes etc.
Texas headquartered industrial equipment manufacturer, Larson Electronics, has recently launched a single phase 2hp variable frequency drive. The fan-cooled VFD having a voltage compatibility of 220/240 volts AC input/output, output current of 9.6 Amp, and an operating frequency range of 0Hz-3000 Hz, claims to improve the AC motor performance in industrial application. Moreover, the latest VFD also comes with excellent features like fast torque rise, and protection from steady speed error and resonance vibration. Considering its unique amalgamation of characteristics, the product is likely to create a new benchmark in the overall variable frequency drive market.
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Invertek Drives' recent showcase of an outdoor range of variable frequency drive at Hannover Messe is another relevant instance depicting the extension by which VFD market players are making attempts to diversify their product portfolio. The new product range, dubbed as Optidrive E3 IP66, is reported to encompass drives that would feature highest level of protection for outdoor application. The latest product line up can be directly machine mounted, which by extension reduces its additional cabinet protection requirement. Ever since its debut, it has already made its way to the front page for having such an outstanding design and is deemed to bring a disruption in the entire variable frequency drive market.
Partial Table of Contents (ToC) of the report:
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
4.3.1 Global market from lower power drive, 2013 - 2024
4.3.2 Global market from lower power drive, by region, 2013 - 2024
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
5.2.1 Global market from AC drive, 2013 - 2024
5.2.2 Global market from AC drive, by region, 2013 - 2024
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
5.4.1 Global market from servo drive, 2013 - 2024
5.4.2 Global market from servo drive, by region, 2013 - 2024
Browse complete table of content of this report @ https://www.gminsights.com/toc/detail/variable-frequency-drive-vfd-market
Speaking of the significant events that has left a mark in the competitive terrain of variable frequency drive market, General Electric's strategic collaboration with SEW-Eurodrive is certainly worth mentioning. For the records, the partnership centered around integrating SEW-Eurodrive's VFDs into General Electric's Automation & Controls' PACMotion advanced product line. As per experts' opinion, this tie up also brings to light a rather pivotal factor - how collaborative approaches have been a stepping stone in diversifying the product landscape of VFD marketplace. Reportedly, through this deal, both the giants aim to provide complimentary solutions for drive & controller-based motion control for discrete as well as process applications.
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Global Market Insights, Inc.
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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 methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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