Variable Frequency Drive (VFD) Market Updates and Key-Players Strategies | With Forthcoming, Growth, Business Prospects and Industry Updates and Forecast

SDKI Inc. aims to provide a detailed analysis of several aspects of the market, including market growth drivers, opportunities, recent trends and challenges between 2018-2023 (VFD). The market research report was published on April 23, 2021.

Report sample URL
https://www.sdki.jp/sample-request-109928

The VFD market is estimated to reach approximately US $ 27.57 billion by 2023 from US $ 20.73 billion in 2018 and is projected to grow at a CAGR of 5.87% between 2018-2023. This growth can be attributed to increasing industrialization and urbanization, as well as the growing need for energy efficiency.

However, stagnant growth in the oil and gas industry due to falling oil prices can hinder market growth.

Market Segments
The Variable Frequency Drive (VFD) market is by type (AC, DC, and servo), end user (industry, infrastructure, oil and gas, and power generation), and application (pumps, fans, compressors, and conveyors). ), By power range, by voltage and by region. These segments are further subsegmented based on various factors and consist of some additional information about the market, such as the combined annual growth rate of each segment and subsegment, the market value and volume of the valuation period.

Based on the type, the AC Drive segment holds the largest market share in 2017 and is estimated to be the fastest growing segment during the forecast period. The AC drive segment offers more advantages over DC and servo drives. The main benefits of AC drives include improved energy savings and reduced noise and vibration levels. AC drives are primarily used for variable torque applications in industries such as oil and gas, water and sewage, and mining.

Area overview
In addition, the report covers all regions of the world, divided into North America, Europe, Asia Pacific, Latin America, Middle East & Africa and more. The Asia Pacific region is expected to become the largest market for VFDs in 2023 and is projected to grow at a significant CAGR during the forecast period. China had the largest share of the VFD market in the Asia Pacific region in 2017. In addition, in January 2017, China plans to invest approximately US $ 361 billion in clean energy by 2020, as it aims to use 20% of its electricity from non-fossil sources by 2030. did. This factor is expected to have a positive impact on the growth of the VFD market. All of these factors are expected to drive growth in the Asia Pacific VFD market.

Report sample URL
https://www.sdki.jp/sample-request-109928

For more detailed analysis, each region is further divided into countries:
- Asia Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, and other Asia Pacific)
- North America (US and Canada)
- Middle East and Africa (Israel, GCC [Saudi Arabia, United Arab Emirates, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, and other Middle East and Africa)
- Latin America (Brazil, Mexico, Argentina, and other Latin America)
- Europe (UK, Germany, France, Italy, Spain, Hungary, Belgium, Netherlands, Luxemburg, NORDIC, Poland, Turkey, Russia and other Europe

Details of the survey report
https://www.sdki.jp/reports/variable-frequency-drive-vfd-market/109928

Key Players on the Market

Variable Frequency Drive (VFD) Key players on the market include ABB (Switzerland), Siemens (Germany), Schneider Electric (France), Danfoss (Denmark) and Rockwell (USA). The survey includes a detailed competitive analysis of these major companies in the VFD market, corporate profiles, recent developments, and key market strategies.

Contact Us:

Hina Miyazu
15/F Cerulean Tower, 26-1 Sakuragaoka-cho
Tokyo, Shibuya-ku, Japan
+ 81345720790
sales@sdki.jp

SDKI Inc. Company Profile

SDKI Inc.'s goal is market scenarios in various countries such as Japan, China, the United States, Canada, the United Kingdom, and Germany. Is to clarify. We also focus on providing reliable research insights to clients around the world, including growth indicators, challenges, trends and competitive environments, through a diverse network of research analysts and consultants. With SDKI gaining trust and a customer base in more than 30 countries, SDKI is even more focused on expanding its foothold in other pristine economies.

This release was published on openPR.