Variable Frequency Drive Market Growth By Top Key Players | Johnson Controls, Honeywell, ABB, Emerson Electric, Siemens AG, Schneider Electric, CG Power, Mitsubishi Electric, Eaton, Fuji Electric

Global Variable Frequency Drive Market Forecast to 2026 released By DEC Research, provides Market information about industry Top Key Players, Countries, Type and Application. This Variable Frequency Drive Market report also states Company Profile, sales, Variable Frequency Drive Market revenue and price, market share, market growth and gross margin by regions, Strategic recommendations for the new entrants, Market forecasts for a minimum of five years of all the mentioned segments, sub segments and the regional markets.

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Leading Key Players in Variable Frequency Drive Market are Johnson Controls, Inc., Honeywell International, Inc., ABB, Emerson Electric, Siemens AG, Schneider Electric, CG Power, Mitsubishi Electric, Eaton, Fuji Electric, Rockwell Automation, WEG, Yaskawa Electric, Hiconics, Danfoss, Hitachi

The variable frequency drive market is segmented in terms of power range, drive, voltage, technology, application, end-use, and regional landscape. With respect to power range, the market is divided into micro, low, medium, and high. It is observed that increasing electricity cost along with shifting focus toward energy savings has increased the penetration of low power drives primarily across HVAC industry. The ability to provide a quick return on investment and enhancement of user's profitability by improving the process will strengthen the product adoption for medium power range.

Growth Drivers OF Variable Frequency Drive Market:
o North America & Europe
o Stringent energy efficiency norms
o Flourishing automotive sector
o Asia Pacific
o Increasing electricity capacity addition
o Growing infrastructural spending
o Middle East, Africa & Latin America
o Increasing demand for electricity

Based on application, the market is bifurcated into cutters, conveyor, mixers, fans, pump, evaporators, grinders, and centrifuges. Among these, evaporators will witness growth owing to ongoing modifications in applicable codes and standards that have effectively made the use of VFDs as an indispensable requirement across HVAC applications. The capability to eliminate separate gear sets along with simplifying the power transmission across the motor will propel the demand for mixers.

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The ability to change motor speed in line with the applicability of VFD units to control high tension will enhance the product requirement for grinders. Flexible product configurations including speed control as well as safe & reliable operations will complement the industry growth for the cutters. Increasing modulation of motor speed along with a wide range of applicability of VFD's across HVAC systems will boost the product demand for fans.
With respect to end-use, the market is segmented into mining & metals, food processing, oil & gas, pulp & paper, power generation, and automotive. Among these, the ongoing investments in R&D and technological advancements are positively impacting the product demand in mining & metals.
High reliable control over torque and speed as well as improved efficiency and reduced production cost are some of the key parameters which are accelerating the adoption of variable frequency drives in pulp & paper industry.

From a regional frame of reference, in the Middle East & Africa VFD market, the restoration of electric grid infrastructure throughout war affected GCC nations to sustain their economic growth will propel product demand. Increasing energy demand coupled with large-scale urbanization across Latin America will considerably drive the demand for the integration of a sustainable transmission infrastructure.

Table of content:
Chapter 1 Methodology & Scope
1.1 Methodology
1.2 Market Definitions
1.3 Market estimates and forecast parameters
1.4 Data Sources
1.4.1 Primary
1.4.2 Secondary
1.4.2.1 Paid Sources
1.4.2.2 Public Sources
Chapter 2 Executive Summary
2.1 Variable frequency drive 3600 synopsis, 2015 - 2026
2.1.1 Business trends
2.1.2 Power range trends
2.1.3 Drive type trends
2.1.4 Voltage trends
2.1.5 Technology trends
2.1.6 Application trends
2.1.7 End-Use trends
2.1.8 Regional trends

Read More About Variable Frequency Drive Market At: https://www.globenewswire.com/news-release/2018/03/20/1442460/0/en/Variable-Frequency-Drive-Market-worth-over-19-billion-by-2024-Global-Market-Insights-Inc.html

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