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Marine VFD Industry Report Analysis By opportunities
Marine variable frequency drives (VFD) are used for regulating the speed and torque of motors so that they run accurately according to the demand. A variable frequency drive (VFD) is a type of motor controller that drives an electric motor by varying the frequency and voltage of its power supply. The VFD also can control ramp-up and ramp-down of the motor during start or stop, respectively.
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Europe is projected to have the highest CAGR, owing to the growing seaborne trade, many advanced technologies being introduced by some key players in Europe, and rapid economic growth. Germany is the largest market in Europe in the shipbuilding industry, due to new marine VFD contracts being signed by ship manufacturers and the government.
Some of the key players profiled in the Marine VFD Market include ABB Ltd., Beard Marine Group, CG Power and IndUStrial Solutions, Danfoss A/S, Eaton Corporation, GE Power Conversion, Invertek Drives Ltd., Mitsubishi Electric Corporation, Parker Hannifin Corp, Rockwell Automation, Inc., Siemens AG, WEG Industries, Yaskawa.
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