Press release
Adjustable Frequency Drive AFD Market is projected to reach USD 39.39 Billion by 2030 : Cognitive Market Research
Adjustable Frequency Drive AFD Market is projected to reach USD 39.39 Billion by 2030 : Cognitive Market Research
• What is an Adjustable Frequency Drive AFD?
An adjustable frequency drive AFD is also known as a variable-frequency drive, adjustable-speed drive, or variable-speed drive. It is a form of alternating current (AC) motor drive that regulates speed and torque by altering the rate of the input power. AFDs are used to regulate the speed of a motor by varying the frequency of the power. An AFD may regulate the motor's speed at any time during operation. The most typical applications for an AFD are control of fans, pumps, and compressors, which account for 75% of all drives running globally.
Summary:
- The Adjustable Frequency Drive AFD Market will grow from USD 20.51 Billion in 2022 to USD 39.39 Billion by 2030, at a CAGR of 8.5% during the forecast period of 2023-2030.
"To know more about The Adjustable Frequency Drive AFD Market statistics click here: https://www.cognitivemarketresearch.com/adjustable-frequency-drive-afd-market-report
Market Dynamics:
• Growing usage of air-conditioning systems drives the market growth
According to the Energy Information Association, 87 percent of US houses have air conditioning, with central units accounting for 75 percent. According to the most recent estimates (2020), the globe has an approximated 1.9 billion air conditioning systems. The majority of these are centered in the United States, China, Japan, and South Korea. This increases the need for adjustable frequency drives (AFDs) that are assisting in the temperature regulation of air-conditioning systems. As a result, the increasing use of air-conditioning systems propels market growth.
• Challenges of the Adjustable Frequency Drive AFD Market
High usage of adjustable frequency drive AFDs can destroy electrical equipment. If a facility uses a lot of VFDs, vibrations in the electric lines may result in the destruction of delicate electronic gadgets and power factors. This hampers the adoption rate of the adjustable frequency drive AFD.
• Rising usage of AFD in several industries will boost the market growth
AFD is a critical component in any machine. It is a motor-powered regulator responsible for driving an electric motor by fluctuating the voltage and frequency. Thus, it is being widely used in irrigation pumping, crane & other hoists, paper and pulp machines, the wire and cable industry, the oil industry, textile machines, thermal power plants, submersible motors, and many others. These usages of AFD will boost the market growth.
Adjustable Frequency Drive AFD Market Segmentation:
Type
Based on type, the AC drives segment dominates the adjustable frequency drive AFD market with more than 68% market share in 2022. This is owing to the benefits of AC drives which include energy savings, a decrease of thermal & mechanical pressure on motors and belts throughout starts, low motor starting current, high-power factor, simple installation, lower KVA, and others.
• AC Drives
• DC Drives
• Servo Drives
Application
Based on application, the pump segment dominates the adjustable frequency drive AFD market with around 29% market share in 2022. This is due to the rising usage of pumps in several applications such as water supply, irrigation, gasoline supply, refrigeration (usually called a compressor), air conditioning systems, chemical movement, flood control, sewage movement, marine services, etc.
• Pumps
• Electric Fans
• Conveyors
• HVAC
• Extruders
• Others
End User
Based on end users, the oil and gas segment dominates the adjustable frequency drive AFD market with about 19% market share in 2022. This is owing to an increase in the use of AFD in the oil and gas sectors. AFD is used to improve process control as less energy is needed when variable processes are controlled. It also assists in the reduction of power peaks by gently ramping up the motor's speed.
• Oil & Gas
• Power Generation
• Industrial
• Infrastructure
• Automotive
• Food & Beverages
• Others
The Major Players in Adjustable Frequency Drive AFD Market are:
Invertek Drives, NovaTorque Inc., Emerson Industrial, Eaton, Yaskawa America Inc., Omron, Siemens
Get free sample pages of the latest published Adjustable Frequency Drive AFD Market Report:
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Regional Analysis:
• Asia Pacific dominates the Adjustable Frequency Drive AFD Market
The Global Adjustable Frequency Drive AFD market is geographically divided into regions like North America, Europe, Asia Pacific, Latin America, and Middle-east Countries. Asia Pacific dominates the market owing to the expansion in industries in many countries such as China, Korea, India, Japan, etc. Similarly, the increasing energy demand boosts the demand for AFD to advance working efficiency and reduce energy consumption.
Browse here for Full TOC:
Table of Content (Revenue USD Edition), (Enquire about Volume/Consumption Edition Data)
Chapter 1 Industrial Insight and Market Scope
• 1.1 Global Adjustable Frequency Drive AFD Industry Introduction
• 1.2 Objectives of the Study
• 1.3 USP of the Report
• 1.4 Who is this report for?
• 1.5 Designing of Market Scope
1.5.1 Adjustable Frequency Drive AFD Market Segmentation
1.5.1 Adjustable Frequency Drive AFD Market Regional Fragmentation
1.5.1 Adjustable Frequency Drive AFD Market Players
• 1.6 Report Duration
• 1.7 List of Stakeholders
Chapter 2 Research MethodologyReview Complete Research Methodology
Chapter 3 Executive Summary of Adjustable Frequency Drive AFD Market
• 3.1 Global Adjustable Frequency Drive AFD Market Size 2018 - 2030, (USD Million)
• 3.2 Global Adjustable Frequency Drive AFD Value, Absolute & Opportunity Analysis
• 3.3 Global Adjustable Frequency Drive AFD Market Y-o-Y Growth Rate Projection by Region (2023 - 2030)
• 3.4 Global Adjustable Frequency Drive AFD Market Statistics 2022: Snapshot
Chapter 4 Global Adjustable Frequency Drive AFD Market Overview
Chapter 5 Competitive Analysis (Subject to Availability)
Chapter 6 Environmental, Social, and Governance (ESG) Analysis
Chapter 7 Qualitative Analysis
Chapter 8 Company Profiling (Subject to Availability)
Chapter 9 Global Adjustable Frequency Drive AFD Market by Type Segmentation Analysis (2018-2030)
Chapter 10 Global Adjustable Frequency Drive AFD Market by Application Segmentation Analysis (2018-2030)
Chapter 11 Global Adjustable Frequency Drive AFD Market by End User Segmentation Analysis (2018-2030)
Chapter 12 Global Adjustable Frequency Drive AFD Market Regional Analysis
Chapter 13 North America Adjustable Frequency Drive AFD Market Outlook (2018 - 2030)
Chapter 14 Europe Adjustable Frequency Drive AFD Market Outlook (2018 - 2030)
Chapter 15 Asia Pacific Adjustable Frequency Drive AFD Market Outlook (2018 - 2030)
Chapter 16 Latin America Adjustable Frequency Drive AFD Market Outlook (2018 - 2030)
Chapter 17 Middle East and Africa Adjustable Frequency Drive AFD Market Outlook (2018 - 2030)
Chapter 18 Research Findings
Customize the Report Edition (Is applicable, On Request, Subject to Data Available, At an Additional Cost)
To know more about Adjustable Frequency Drive AFD Market TOC click here: https://www.cognitivemarketresearch.com/adjustable-frequency-drive-afd-market-report#table_of_contents
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• Marine Variable Frequency Drive VFD Market - https://www.cognitivemarketresearch.com/marine-variable-frequency-drive-vfd-market-report
• Variable Frequency Drive Motors Market - https://www.cognitivemarketresearch.com/variable-frequency-drive-motors-market-report
• Solar Variable Frequency Drive VFD Market - https://www.cognitivemarketresearch.com/solar-variable-frequency-drive-vfd-market-report
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𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬
Nicolas Shaw
Cognitive Market Research
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Illinois, 60602
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About Cognitive Market Research Company :
Cognitive Market Research has evolved as one leading market research and consulting firm and it provides services across multiple domains. Cognitive Market Research gathers and analyzes data about customers, competitors, distributors, and other market actors and forces operating across the value chain. As a market research company, we follow a complete process of gathering information about the target market and end-use industries to verify the complete journey of the product or service in the global market. It helps our readers understand the demand and viability of their product/service and how it might perform in the real world and help them to build business strategies accordingly.
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