Press release
Variable Frequency Drives (VFD) Market Will Reach US$ 38.55 Billion by 2027 - IMARC Group
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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.
Market Trends:
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.
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Variable Frequency Drives Market 2022-2027 Competitive Analysis and Segmentation:
Competitive Landscape With Key Players:
The competitive landscape of the global variable frequency drives (vfd) market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
• ABB Ltd.
• Danfoss A/S
• Eaton Corporation PLC
• Johnson Controls International PLC
• Mitsubishi Electric Corporation
• Nidec Motor Corporation
• Rockwell Automation Inc.
• Fuji Electric Co. Ltd.
• General Electric Company
• Hitachi Ltd.
• Honeywell International Inc.
• Schneider Electric SE
• Siemens AG
• Toshiba Corporation
• Yaskawa Electric Corporation.
Key Market Segmentation:
The report has segmented the global variable frequency drives (vfd) market based on product type, power range, application, end use and region.
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 Region:
• North America
• Asia Pacific
• Europe
• Latin America
• Middle East and Africa
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Key highlights of the report:
• Market Performance (2016-2021)
• Market Outlook (2022-2027)
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
Media Contact:
Company Name: IMARC Group
Contact Person: Elena Anderson
Email: sales@imarcgroup.com
Phone: +1-631-791-1145
Address: 134 N 4th St
City: Brooklyn
State: NY
Country: United States
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.
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