Press release
How HVAC Variable Frequency Drive Market 2021 is Booming Worldwide with Top Leading Players – ABB Ltd., Siemens AG, Schneider Electric SE, Rockwell Automation, Inc., Mitsubishi Electric Co., Yaskawa Electric Corporation
𝐖𝐡𝐚𝐭 𝐝𝐨𝐞𝐬 𝐭𝐡𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 𝐈𝐧𝐜𝐥𝐮𝐝𝐞?
The HVAC Variable Frequency Drive Market report includes qualitative and quantitative analysis of several factors such as the key drivers and restraints that will impact growth. Additionally, the report provides insights into the regional analysis that covers different regions, contributing to the growth of the market. It includes the competitive landscape that involves the leading companies and the adoption of strategies to announce partnerships, introduce new products, and collaborate that will further contribute to the growth of the market between 2020 and 2027. Moreover, the research analyst has adopted several research methodologies such as SWOT and PESTEL analysis to extract information about the current trends and industry developments that will drive the HVAC Variable Frequency Drive Market growth during the forecast period.
𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐚 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/hvac-variable-frequency-drive-market-104845
𝐃𝐑𝐈𝐕𝐈𝐍𝐆 𝐅𝐀𝐂𝐓𝐎𝐑𝐒
𝐑𝐢𝐬𝐢𝐧𝐠 𝐂𝐨𝐧𝐬𝐭𝐫𝐮𝐜𝐭𝐢𝐨𝐧 𝐚𝐧𝐝 𝐁𝐮𝐢𝐥𝐝𝐢𝐧𝐠 𝐒𝐞𝐜𝐭𝐨𝐫 𝐭𝐨 𝐒𝐭𝐢𝐦𝐮𝐥𝐚𝐭𝐞 𝐆𝐫𝐨𝐰𝐭𝐡
According to the data by the Central Intelligence Agency, the urban population is most likely to double compared to the rural population by 2040. The growing urbanization and industrialization is expected to bode well for the growth of the construction and building sector due to the increasing demand for advanced infrastructure. This is expected to surge the adoption of advanced HVAC variable frequency drives globally. Moreover, taking into consideration the degrading climate and the rising carbon emission levels, the demand for energy efficient HVAC systems is expected to contribute to the global HVAC Variable Frequency Drive Market growth in the forthcoming years.
𝐂𝐎𝐕𝐈𝐃-𝟏𝟗 𝐈𝐦𝐩𝐚𝐜𝐭: 𝐌𝐚𝐫𝐤𝐞𝐭 𝐭𝐨 𝐄𝐱𝐡𝐢𝐛𝐢𝐭 -𝟏𝟓.𝟎𝟓% 𝐂𝐀𝐆𝐑 𝐢𝐧 𝟐𝟎𝟐𝟎
The global HVAC Variable Frequency Drive Market is likely to experience a negative CAGR of -15.05% in 2020 owing to the effects of the COVID-19 pandemic. The reduced number of construction projects and temporary shutdown of industrial operations is likely to impact the market. However, the market will soon experience a pre-pandemic level of growth once the effects of the novel coronavirus subsides and things return to normalcy.
In HVAC variable frequency drive (VFD) an electric motor is driven by varying the frequency and voltage levels of the power supply. The VFD has a capacity to control the ramping-up and ramping-down of the motor during the start/stop process. It ensures smooth startup of the motor across light-duty and heavy-duty HVAC applications.
𝐇𝐚𝐯𝐞 𝐀𝐧𝐲 𝐐𝐮𝐞𝐫𝐲? 𝐒𝐩𝐞𝐚𝐤 𝐓𝐨 𝐀𝐧𝐚𝐥𝐲𝐬𝐭 https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/hvac-variable-frequency-drive-market-104845
𝐒𝐨𝐦𝐞 𝐨𝐟 𝐭𝐡𝐞 𝐊𝐞𝐲 𝐐𝐮𝐞𝐬𝐭𝐢𝐨𝐧𝐬 𝐀𝐧𝐬𝐰𝐞𝐫𝐞𝐝 𝐢𝐧 𝐭𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭:
• Detailed Overview of HVAC Variable Frequency Drive Market will help deliver clients and businesses making strategies.
• Influencing factors that are thriving demand and latest trends running in the market.
• Market forecast for global market split into segments like region, product, applications, end-user, technology, etc.
• What trends, challenges and barriers will impact the development and sizing of the Global HVAC Variable Frequency Drive Market?
• SWOT Analysis of each defined key player along with its profile and Porter’s five forces analysis to complement the same.
• What is the Market growth momentum or market carries during the forecast period?
• Which region may tap the highest market share in the coming era?
• Which application/end-user category or Product Type may seek incremental growth prospects?
• What focused approach and constraints are holding the HVAC Variable Frequency Drive Market demand?
𝐑𝐄𝐆𝐈𝐎𝐍𝐀𝐋 𝐈𝐍𝐒𝐈𝐆𝐇𝐓𝐒
𝐀𝐬𝐢𝐚-𝐏𝐚𝐜𝐢𝐟𝐢𝐜 𝐭𝐨 𝐑𝐞𝐦𝐚𝐢𝐧 𝐚𝐭 𝐅𝐨𝐫𝐞𝐟𝐫𝐨𝐧𝐭; 𝐑𝐚𝐩𝐢𝐝-𝐏𝐚𝐜𝐞𝐝 𝐔𝐫𝐛𝐚𝐧𝐢𝐳𝐚𝐭𝐢𝐨𝐧 𝐭𝐨 𝐀𝐮𝐠𝐦𝐞𝐧𝐭 𝐆𝐫𝐨𝐰𝐭𝐡
Asia-Pacific – The region stood at USD 1.14 billion in 2019 and is expected to hold the highest HVAC variable frequency drive market share in the forthcoming years. This is attributable to the rapid-paced urbanization and industrialization in countries such as China, India, and Japan that is likely to boost the adoption of HVAC variable frequency drives in the region between 2020 and 2027.
North America – The region is expected to hold the second position in the market during the forecast period. This is ascribable to factors such as the increasing demand from the building & construction sector to ensure energy efficient infrastructure in the region.
𝐀𝐬𝐤 𝐅𝐨𝐫 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧 https://www.fortunebusinessinsights.com/enquiry/customization/hvac-variable-frequency-drive-market-104845
𝐂𝐎𝐌𝐏𝐄𝐓𝐈𝐓𝐈𝐕𝐄 𝐋𝐀𝐍𝐃𝐒𝐂𝐀𝐏𝐄
𝐂𝐨𝐥𝐥𝐚𝐛𝐨𝐫𝐚𝐭𝐢𝐨𝐧 𝐛𝐞𝐭𝐰𝐞𝐞𝐧 𝐄𝐦𝐢𝐧𝐞𝐧𝐭 𝐂𝐨𝐦𝐩𝐚𝐧𝐢𝐞𝐬 𝐭𝐨 𝐄𝐱𝐩𝐚𝐧𝐝 𝐓𝐡𝐞𝐢𝐫 𝐏𝐫𝐨𝐝𝐮𝐜𝐭 𝐏𝐨𝐫𝐭𝐟𝐨𝐥𝐢𝐨 & 𝐁𝐨𝐨𝐬𝐭 𝐒𝐚𝐥𝐞𝐬 𝐑𝐞𝐯𝐞𝐧𝐮𝐞
The global market for HVAC variable frequency drive is consolidated by companies such as Siemens AG, Danfoss Group, Rockwell Automation, Inc., and Schneider Electric SE, among others that collectively hold around one-fourth of the market share. These companies are establishing collaboration with other companies to expand their product portfolio and further gain significant market revenue. In addition to this, other key players are preferring organic and inorganic strategies to maintain their presence in the regional and global marketplace.
𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭𝐬:
May 2020 – ABB announced its agreement with Metsä Fibre to deliver electrification and drive technology solutions. The agreement between the companies is worth EUR 40 million and is expected to ensure efficient production of utilization of energy.
𝐋𝐢𝐬𝐭 𝐨𝐟 𝐊𝐞𝐲 𝐂𝐨𝐦𝐩𝐚𝐧𝐢𝐞𝐬 𝐏𝐫𝐨𝐟𝐢𝐥𝐞𝐝 𝐢𝐧 𝐭𝐡𝐞 𝐑𝐞𝐩𝐨𝐫𝐭:
ABB Ltd.
Siemens AG
Schneider Electric SE
Rockwell Automation, Inc.
Mitsubishi Electric Co.
Yaskawa Electric Corporation
RoMan Manufacturing, Inc.
Danfoss
Hammond Power Solutions
Controlled Magnetics, Inc.
TCI, LLC
Badger Magnetics, Inc.
MGM Transformer Company
L/C Magnetics
𝐐𝐮𝐢𝐜𝐤 𝐁𝐮𝐲 - 𝐇𝐕𝐀𝐂 𝐕𝐚𝐫𝐢𝐚𝐛𝐥𝐞 𝐅𝐫𝐞𝐪𝐮𝐞𝐧𝐜𝐲 𝐃𝐫𝐢𝐯𝐞 𝐌𝐚𝐫𝐤𝐞𝐭:
https://www.fortunebusinessinsights.com/checkout-page/104845
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Email: sales@fortunebusinessinsights.com
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𝐀𝐛𝐨𝐮𝐭 𝐔𝐬
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