openPR Logo
Press release

Variable Frequency Drive (VFD) Market Growth Framework 2025 | WEG, Mitsubishi Electric Corporation, Siemens AG

11-20-2020 04:22 AM CET | Energy & Environment

Press release from: TMR Research

TMR Research

TMR Research

Global Variable Frequency Drive (VFD) Market: Overview

Also known as speed variable drive, AC drive, adjustable speed drive, microdrive, and inverter, variable frequency drives (VFDs) are used in electro-mechanical drive systems as motor controllers by varying the frequency and voltage supplied to an electric motor. Depending upon the application, the VFD can ramp up or ramp down the voltage and frequency so as to meet the needs of the electric motor’s speed.

The global variable frequency drive market can be segmented based on end user, application, voltage, and geographical region. By end-use industries, pulp and papers, oil and gas, mining and metals, food processing, and automotive industries are the key segments of the global market for variable frequency drives.

Get Sample Copy of the Report @ https://www.tmrresearch.com/sample/sample?flag=B&rep_id=1976

Global Variable Frequency Drive (VFD) Market: Key Trends

The emergence of Industrial Internet of Things (IIoT) has brought about the development of advanced VFD technologies that make fans, pumps, ACs, and other devices smarter. Effecting efficiency, these devices can boost the production rate via fewer errors. Lower maintenance costs and high lifespan of equipment that deploy variable frequency drives are some other benefits of these devices.

As these devices are capable of significantly reducing energy costs, consequently bringing down the cost of production, the demand for variable frequency drives will increase substantially. Moreover, as no other method of AC electric motor control can harmonize the speed of the motor with the load requirement, the market will witness a further impetus.

On the other hand, vulnerability of smart variable frequency drives to cyber-attacks might impede the growth of the market. However, the impact of this restraint will be nullified by the emergence of cutting-edge VFD technologies.

Global Variable Frequency Drive (VFD) Market: Market Potential

Product innovations, mergers, acquisitions, collaborations, and partnerships are being increasingly adopted by a number of market players. For instance, in March 2016, Ideal Power Inc. announced the successful testing and demonstration of its new variable frequency drive that uses its patented Power Packet Switching Architecture (PPSA). The new VFDs are apt at controlling the speed of electric motors used across numerous products such as conveyor motors, pumps, HVAC blowers and compressors, and cranes.

Similarly, in July 2016, a new family of VFDs for pumps that supply continuous water pressure throughout the selected location was introduced by Franklin Electric Co., Inc.

Request TOC of the Report @ https://www.tmrresearch.com/sample/sample?flag=T&rep_id=1976

Global Variable Frequency Drive (VFD) Market: Regional Outlook

The changing regulatory policies and new legislations in different countries of Europe have been fuelling the market in this region. The North America market is expected to hold a major share of the global market thanks to the deployment of VFDs across several industries such as HVAC, packaging, pumping, and machinery equipment. Initiatives aimed at the reduction of carbon emissions and energy footprint by regions such as California have also been aiding growth.

The expeditious growth in infrastructure and urbanization backed by the propitious industrial development in several countries of Asia Pacific are likely to station the region at the fore during the forecast period. Latin America appears to be the fastest growing region. The Middle East and Africa (MEA) is also slated for considerable expansion.

Global Variable Frequency Drive (VFD) Market: Competitive Analysis

Several manufacturers are receiving orders for their variable frequency drives. For instance, in March 2017, WE Tech Solutions, a prominent provider of energy efficient solutions, received an order for its permanent magnet shaft generator solution from the China State Shipbuilding Corporation (CSS). Likewise, Simark Controls Ltd., a leading supplier of hybrid power solutions to the mobile and stationary power generation markets, entered an agreement with an oil producer based in Alberta under which it will deliver its variable frequency drive systems to the oil producer.

Some of the major companies operating in the global market for variable frequency drive market are WEG, Mitsubishi Electric Corporation, Siemens AG, General Electric, Fuji Electric Co., Ltd., Rockwell Automation, Inc., ABB Ltd., Crompton Greaves, Emerson Electric Co., and Danfoss.

Read Comprehensive Overview of Report @ https://www.tmrresearch.com/variable-frequency-drive-market

About TMR Research:

TMR Research is a premier provider of customized market research and consulting services to business entities keen on succeeding in today’s supercharged economic climate. Armed with an experienced, dedicated, and dynamic team of analysts, we are redefining the way our clients’ conduct business by providing them with authoritative and trusted research studies in tune with the latest methodologies and market trends

Contact:

TMR Research,
3739 Balboa St # 1097,
San Francisco, CA 94121
United States
Tel: +1-415-520-1050

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Variable Frequency Drive (VFD) Market Growth Framework 2025 | WEG, Mitsubishi Electric Corporation, Siemens AG here

News-ID: 2191187 • Views: 125

More Releases from TMR Research

Cast Resin Current Transformers Market Scope and Forecast 2028 | Siemens, Fuji E …
Global Cast Resin Current Transformers Market: Overview The global cast resin current transformers market has grown steadily over the years, owing to the convenience it provides in reducing high voltage and currents. Resin cast current transformers are basically a dry type of transformer. Within cast resin current transformer, the internal coils and windings are coated with a special type of resin, which is known as epoxy resin. Such coating with epoxy
Drilling Mud Desander and Desilter Market Assessment On Competition 2028 | Halli …
Global Drilling Mud Desander and Desilter Market: Introduction The global drilling mud desander and desilter market is expected to find lucrative growth opportunities in the coming years, supported by the burgeoning oil and gas sector. Drilling mud desanders and desilters are used too separate sand and silt, and companies widely accept abrasive solids from the drilling mud with a set of hydroclones. The desanders and desilter are typically combined to efficiently
Switchgear Monitoring System Market Growth Framework 2028 | Schneider Electric, …
Global Switchgear Monitoring System Market: Introduction The demand for switchgear monitoring systems has increased due to soaring investments in renewable energies and in demand for safe, secure electricity distribution systems. The switchgear is defined as a combination of electrical disconnecting switches, breakers, protective relays and other components like interconnectors. Using the switchgear, electric current can be continuously transferred and current overload, short circuit and insulator failure protected. It has been designed
Marine VFD Market Study by 2028 | GE (US), ABB (Switzerland), Eaton (Ireland), S …
Marine VFD Market: Introduction The marine VFD market is experiencing a significant growth since past few years. The marine variable frequency drive market is anticipated to undergo even more developments in the span of coming years. The major factors contributing in the rising demand in global marine VFD market are decreased energy price and low energy consumption. It operates an electric engine and can control slow down and increase of

All 5 Releases


More Releases for VFD

Global Vacuum Fluorescent Displays (VFD) Market Insights Forecast Report 2025
The Vacuum Fluorescent Displays (VFD) market was valued at Million US$ in 2018 and is projected to reach Million US$ by 2025, at a CAGR of during the forecast period. In this study, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Vacuum Fluorescent Displays (VFD). sample copy of report : https://www.marketdensity.com/contact?ref=Sample&reportid=125490 Table of Contents 1 Study Coverage
Variable Frequency Drive (VFD) Market Aggrandize Share by 2025
Global Variable Frequency Drive (VFD) Market: Overview Also known as speed variable drive, AC drive, adjustable speed drive, microdrive, and inverter, variable frequency drives (VFDs) are used in electro-mechanical drive systems as motor controllers by varying the frequency and voltage supplied to an electric motor. Depending upon the application, the VFD can ramp up or ramp down the voltage and frequency so as to meet the needs of the electric
Variable Frequency Drive (VFD) Market : Evolving Market Trends & Dynamics 2025
Global Variable Frequency Drive (VFD) Market: Overview Also known as speed variable drive, AC drive, adjustable speed drive, microdrive, and inverter, variable frequency drives (VFDs) are used in electro-mechanical drive systems as motor controllers by varying the frequency and voltage supplied to an electric motor. Depending upon the application, the VFD can ramp up or ramp down the voltage and frequency so as to meet the needs of the electric
High Voltage VFD Market Trends and Opportunities 2017
Market Research Report on High Voltage VFD Industry providing Global Market Landscape and its Growth Prospects over the coming years till 2022 is now available at ReportsWeb.com. This report studies High Voltage VFD (Variable-Frequency Drive) in Global market, especially in North America, China, Europe, Southeast Asia, Japan and India, with production, revenue, consumption, import and export in these regions, from 2012 to 2016, and forecast to 2022. This report focuses on
Variable Frequency Drive (VFD) Market: Industry Survey and Outlook 2025
Global Variable Frequency Drive (VFD) Market: Overview Also known as speed variable drive, AC drive, adjustable speed drive, microdrive, and inverter, variable frequency drives (VFDs) are used in electro-mechanical drive systems as motor controllers by varying the frequency and voltage supplied to an electric motor. Depending upon the application, the VFD can ramp up or ramp down the voltage and frequency so as to meet the needs of the electric
Global Vacuum Fluorescent Displays (VFD) Sales Market Report 2017
Summary This report studies sales (consumption) of Vacuum Fluorescent Displays (VFD) in Global market, especially in United States, China, Europe and Japan, focuses on top players in these regions/countries, with sales, price, revenue and market share for each player in these regions, covering Industrial Electronic Engineers (IEE) Noritake Texas Instruments Maxim Integrated Panasonic Matrix Orbital Newhaven Display Futaba Corporation Adafruit Market Segment by Regions, this report splits Global into several key Regions, with sales (consumption), revenue, market share and growth rate