Press release
Variable Frequency Drives Market To Grow USD 38.55 Billion By 2027 At A CAGR of 5.70% | Industry Top Players, Growth, Demand and Forecast
Request and get a sample brochure for free: https://www.imarcgroup.com/variable-frequency-drives-market/requestsample
How big is variable frequency drives market?
The global variable frequency drives (vfd) market reached a value of US$ 27.38 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 38.55 Billion by 2027, exhibiting a growth rate (CAGR) of 5.70% during 2022-2027.
Industry Definition and Application:
A variable frequency drive (VFD) is a motor controller utilized to manage an alternating current (AC) motor speed by changing the frequency and voltage supplied. It also prevents energy consumption, controls operating speed, and minimizes costs for numerous motor-driven applications. Also known as AC drives, adjustable frequency drives, inverters, variable speed drives, and microdrives, VFD is equipped with sensors that prevent motor damage. Presently, VFD is widely utilized in pumps, fans, crushers, chippers, conveyors, compressors, blowers, and grinders with software resolutions to monitor speed and improve efficiency.
Impact of COVID-19:
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Get the table of contents with all detailed information: https://www.imarcgroup.com/variable-frequency-drives-market
What are the major drivers of the variable frequency drives market?
The market is primarily driven by the rising demand for connected devices in the residential, industrial, and commercial sectors owing to rapid automation. In addition, the increasing inclination toward replacing conventional mechanical drives with electric motors in the construction sector represents another growth-inducing factor. Furthermore, the surging need for stable and reliable transmission and distribution (T&D) networks owning to the rising energy demand, is contributing to the market growth.
Along with this, an improved focus on sustainable development provides lucrative market growth. Other factors, including the advent of Industry 4.0, increasing penetration of the internet of things (IoT) in industrial applications and implementation of several favorable government regulations promoting energy conservation, are further propelling the market growth.
Key Market Segmentation:
The report has segmented the market on the basis of region, product type, power range, application and end use.
Breakup by Product Type:
• AC Drives
• DC Drives
• Servo Drives
Breakup by Power Range:
• Micro (0-5 kW)
• Low (6-40 kW)
• Medium (41-200 kW)
• High (>200 kW)
Breakup by Application:
• Pumps
• Fans
• Conveyors
• HVAC
• Extruders
• Others
Breakup by End Use:
• Oil and Gas
• Power Generation
• Industrial
• Infrastructure
• Automotive
• Food and Beverages
• Others
Breakup by Geography:
• North America: (United States, Canada)
• Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America: (Brazil, Mexico, Others)
• Middle East and Africa
List of Major Key Players:
• ABB Ltd.
• Danfoss A/S
• Eaton Corporation PLC
• Fuji Electric Co. Ltd.
• General Electric Company
• Hitachi Ltd.
• Honeywell International Inc.
• Johnson Controls International PLC
• Mitsubishi Electric Corporation
• Nidec Motor Corporation
• Rockwell Automation Inc.
• Schneider Electric SE
• Siemens AG
• Toshiba Corporation
• Yaskawa Electric Corporation.
View Other Trending Reports of IMARC Group:
Ulcerative Colitis Market Report: https://www.digitaljournal.com/pr/ulcerative-colitis-market-size-2022-2027-industry-share-global-trends-top-companies-overview-demand-and-forecast
Syringes Market Report: https://www.digitaljournal.com/pr/syringes-market-size-2022-2027-top-companies-overview-industry-share-trends-demand-and-forecast-analysis
Intelligent Evacuation System Market: https://www.digitaljournal.com/pr/intelligent-evacuation-system-market-report-2022-2027-industry-overview-growth-trends-share-size-analysis-and-forecast
Used Cooking Oil Market Report: https://www.digitaljournal.com/pr/used-cooking-oil-market-size-2022-27-global-growth-share-demand-analysis-top-companies-overview-and-forecast-report
Doxorubicin Market Report: https://www.digitaljournal.com/pr/doxorubicin-market-share-2022-2027-industry-size-growth-global-trends-top-companies-data-and-forecast-report
Contact Us:
IMARC Services Private Limited.
30 N Gould St Ste R
Sheridan, WY 82801 USA - Wyoming
Email: Sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
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 Drives Market To Grow USD 38.55 Billion By 2027 At A CAGR of 5.70% | Industry Top Players, Growth, Demand and Forecast here
News-ID: 2838944 • Views: …
More Releases from IMARC Group
Indonesia Lubricants Market Size, Share, Trends, Growth Insights, Forecast Repor …
As indicated in the latest market research report published by IMARC Group, titled "Indonesia Lubricants Market Report by Product Type (Engine Oils, Greases, Hydraulic Fluids, Metalworking Fluids, Transmission and Gear Oils, and Others), End User (Automotive, Heavy Equipment, Metallurgy and Metalworking, Power Generation, and Others), and Region 2025-2033," this report provides an in-depth analysis of the industry, featuring insights into the market. It encompasses competitor and regional analyses, as well…
Bamboo Fiber Manufacturing Plant Cost 2025: Layout, Machinery, Raw Materials, an …
Bamboo fiber is a natural, eco-friendly textile material extracted from bamboo pulp through mechanical or chemical processing. Known for its softness, breathability, and antibacterial properties, it serves as a sustainable alternative to cotton and synthetic fibers. Bamboo fiber is widely used in textiles, home furnishings, hygiene products, and industrial applications. Its natural moisture absorption and biodegradability make it highly desirable for environmentally conscious consumers and industries seeking renewable raw materials…
Indonesia Lubricants Market Size, Share, Trends, Growth Insights, Forecast Repor …
As indicated in the latest market research report published by IMARC Group, titled "Indonesia Lubricants Market Report by Product Type (Engine Oils, Greases, Hydraulic Fluids, Metalworking Fluids, Transmission and Gear Oils, and Others), End User (Automotive, Heavy Equipment, Metallurgy and Metalworking, Power Generation, and Others), and Region 2025-2033," this report provides an in-depth analysis of the industry, featuring insights into the market. It encompasses competitor and regional analyses, as well…
Indonesia Coal Market Size, Share, Growth Insights, Trends Analysis & Report 202 …
As indicated in the latest market research report published by IMARC Group, titled "Indonesia Coal Market Report by Application (Electricity, Iron and Steel Industry, Others), Region (Java, Sumatra, Kalimantan, Sulawesi, Others) 2025-2033," this report provides an in-depth analysis of the industry, featuring insights into the market. It encompasses competitor and regional analyses, as well as recent advancements in the market.
Market Size & Future Growth Potential:
The Indonesia coal market size reached…
More Releases for Drives
External Solid State Drives Market
External Solid State Drives Market Overview
External Solid State Drives operate identically to internal SSDs, both work with memory and processors to access and store data for long-term use. SSDs use a grid of electrical cells to send and receive stored data, operating just like flash drives.
This report provides a deep insight into the global External Solid State Drives market covering all its essential aspects. This ranges from a macro overview…
Hard Disk Drives Market
Hard Disk Drives Market During the forecast period, the Hard Disk Drive (HDD) market is anticipated to expand at a CAGR of roughly 8.8%. Enterprises' increasing demand for data storage on flash drives and Solid State Drives, as well as their increasing use of desktop HDDs, portable HDDs, and network-attached storage HDDs to store software, operating systems, and other programs, are anticipated to fuel the market's expansion.
Hard disc drives (HDDs)…
Robot Drives Market Leading Trends 2019 | Bosch Rexroth, Ingenia Motion Control, …
Global Robot Drives Market Research Report 2019-2025 introduces a detailed examination of the Robot Drives market covering segments and sub-sections of the market, product types, advancements, applications, industry verticals, areas that are expected to command the estimated forecast period from 2019 to 2025. The report analyzes top regions of the world and countries along with the status of regional development, consisting of volume, size, market value, and price data. The…
Slew Drives Market | Multiplicity of Usage for Slew Drives Drive the Market Grow …
The global demand for automobiles has paved way for the growth of the global slewing drives market. Slewing drives are amongst the most utilitarian parts of turbine engines and cranes. The high load-bearing capacity of these drives has given an impetus to the growth of the market players. Furthermore, there is no contention about the historic use of these drives in several industries such as automobiles, aerospace, and defense. The…
Global HVAC Drives Market Forecast 2018-2025 ABB, Siemens, Danfoss Drives, Schne …
Recently added detailed market study "Global HVAC Drives Market" examines the performance of the HVAC Drives market 2018. It encloses an in-depth Research of the HVAC Drives market state and the competitive landscape globally. This report analyzes the potential of HVAC Drives market in the present and the future prospects from various angles in detail.
The Global HVAC Drives Market 2018 report includes HVAC Drives market Revenue, market Share, HVAC Drives…
Global Robot Drives Sales Market 2017 - Bosch Rexroth, Ingenia Motion Control, R …
Report studies Robot Drives Sales in Global market that focuses on the top Manufacturers, Market Segment by Countries, Split by Product Types (with sales, revenue, price, market share of each type), Split by applications this report focuses on sales, market share and growth rate of Robot Drives Sales in each application.
Request For Sample Report @ http://www.fiormarkets.com/report-detail/65823/request-sample
The report Global Robot Drives Sales Industry provides a comprehensive analysis of the Robot Drives…
