Press release
Global Variable Frequency Drives Market to Reach US$24.7 bn by 2020
According to the research report, the increasing need to curb the global consumption of energy is boosting the demand for variable frequency drives significantly. Apart from this, the rising usage of electromagnetic induction in a wide range of electronic products is also fueling the market for variable frequency drives across the world. On the flip side, the market is expected to be hampered by the high cost of variable frequency drives over the next few years, says the report.
Get PDF Brochure for more Professional and Technical industry insights : http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=3452
The worldwide market for variable frequency drives has been studied on the basis of type, voltage range, and end user in this report.AC, DC, and servo are the main types of variable frequency drives available in the global market. At present, the market is witnessing a surge in demand for AC drives and DC drives. However, the servo drives segment is projected to surpass both the segments in terms of demand over the forecast period.
On the basis of the voltage range, low voltage drives and medium voltage drives are the key segments of the global variable frequency market. The low voltage drives segment leads the worldwide market at present.The manufacturing, infrastructure development, chemical processing, oil and gas, power generation, and automotive industries are major application areas for variable frequency drives in the global arena, notes the study.
The report also analyzes the global market for variable frequency drives on the basis of its regional spread. Europe, Asia Pacific, the Americas, and the Middle East and Africa are the prime regional markets for these drives. Among these, Asia Pacific has acquired the leading position at present owing to the rapid rise of the chemical production and processing industry in this region. Analysts expect it to maintain its dominance over the forecast period.
Other regional variable frequency drives markets are also projected to register substantial growth in the coming years. The rise in the construction industry is likely to propel the variable frequency drives market in the Middle East and Africa while the surge in the automotive industry is expected to fuel the demand for these drives in EuropeIn addition to this, the power generation market, together with the oil and gas industry, is anticipated to support the Americas variable frequency drives market during the forecast period, the report states.
Browse the full Variable Frequency Drives Market by Type (AC, DC, Servo) By Voltage (Low Voltage and Medium Voltage) and For End-use Applications - Global Industry Analysis, Size, Share, Growth Trends And Forecast, 2014 - 2020 report at http://www.transparencymarketresearch.com/variable-frequency-drives-market.html
Vacon PLC, Siemens AG, Schneider Electric, Mitsubishi Electric Corp., Fuji Electric Co. Ltd., Emerson Industrial Automation, Eaton Corp. Plc, Danfoss VLT, Crompton Greaves, and ABB Ltd. are some of the key manufacturers of variable frequency drives across the world, says the market study.
The global variable frequency drives market is segmented into:
By Voltage Range
Low Voltage
Medium Voltage
By Type
AC
DC
Servo
By End-Use Application
Manufacturing
Chemical Processing
Infrastructure Development
Oil and Gas
Automotive
Power Generation
Others
Contact
Transparency Market Research
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com/
About Us
Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR's experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather and analyze information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
90 Sate Street, Suite 700
Albany, NY 12207
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 Global Variable Frequency Drives Market to Reach US$24.7 bn by 2020 here
News-ID: 417447 • Views: …
More Releases from TMR - Research Reports
Pulmonary Drugs Market is Expected to Reach US$ 28,082.1 Million by the End of 2 …
According to the research report, the global pulmonary drugs market is expected to be worth US$ 28,082.1 mn by the end of 2024 as compared to US$ 48,039.7 mn in 2015. Analysts calculate that the global market will plummet at a CAGR of -6.3% during the forecast period of 2016 and 2024. The market will thrive as the demand for combination drugs is anticipated to remain on the rise during…
North America Ventricular Assist Device Market is rising to a valuation of US$ 1 …
According to TMR, the opportunity in the North America market for VADs, which stood at US$0.4 bn in 2015, is likely to expand at a healthy CAGR of 9.20% between 2016 and 2024 and increase to US$1.07 bn by the end of the forecast period. The destination therapy (DT) segment has been reporting a greater application of VADs than the other two indication segments. It is expected to remain the…
Dental Membrane and Bone Graft Substitutes Market to rise to US$ 922.6 Million b …
Transparency Market Research notes that innovation and expansion into emerging regions have served these companies well in strengthening their hold in the dental membrane and bone graft substitutes market. For instance, Switzerland-based Geistlich Pharma AG - a global manufacturer and supplier of dental products and devices - expanded its operations in Sydney, Australia and New Delhi, India in 2016.
The global dental membrane and bone graft substitutes market is expected to…
Human Vaccines Market is Estimated to Reach US$ 72.5 Billion by 2024
The global human vaccines market was valued at US$28.3 bn in 2015 and is estimated to reach US$72.5 bn by 2024, registering an 11.2% CAGR during the forecast period.
By age group, pediatric vaccines accounted for a 57.5% share in the global human vaccines market in 2015. Adult vaccines, on the other hand, are expected to expand at a 13.2% CAGR from 2016 to 2024. Based on product, the pneumococcal segment…
More Releases for Voltage
Line Voltage And Low Voltage 12v 24v Lighting Market Size Analysis by Applicatio …
USA, New Jersey- According to Market Research Intellect, the global Line Voltage And Low Voltage 12v 24v Lighting market in the Internet, Communication and Technology category is projected to witness significant growth from 2025 to 2032. Market dynamics, technological advancements, and evolving consumer demand are expected to drive expansion during this period.
The line voltage and low voltage (12V and 24V) lighting market is experiencing steady growth due to increasing demand…
Low Voltage and Medium Voltage Switchgear Market 2031
Transparency Market Research delivers key insights on the global low voltage (LV) and medium voltage (MV) switchgear market. In terms of revenue, the global low voltage and medium voltage switchgear market is estimated to expand at a CAGR of 6.1% during the forecast period, owing to numerous factors, regarding which TMR offers thorough insights and forecasts in its report on the global low voltage and medium voltage switchgear market.
The global…
US Low Voltage and Medium Voltage Switchgear Market Share 2031
Transparency Market Research delivers key insights on the global low voltage (LV) and medium voltage (MV) switchgear market. In terms of revenue, the global low voltage and medium voltage switchgear market is estimated to expand at a CAGR of 6.1% during the forecast period, owing to numerous factors, regarding which TMR offers thorough insights and forecasts in its report on the global low voltage and medium voltage switchgear market.
Read Report…
Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Forecast And Analysis
The automated switchgear operation is preferred over conventional operations in the smart grid. In an automated substation, all operations are carried out through automated systems, since they are more efficient and require less manpower. Automated substation also promotes energy-efficiency and ensures better utilization of assets, thereby it continuously provides uninterrupted power flow through smart grid.
Get Report Details- https://www.transparencymarketresearch.com/lv-mv-switchgear-industry.html
The rise in need for automatic switchgear solutions for the integration of renewable…
Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Forecast And Analysis
The automated switchgear operation is preferred over conventional operations in the smart grid. In an automated substation, all operations are carried out through automated systems, since they are more efficient and require less manpower. Automated substation also promotes energy-efficiency and ensures better utilization of assets, thereby it continuously provides uninterrupted power flow through smart grid.
Get Report Details- https://www.transparencymarketresearch.com/lv-mv-switchgear-industry.html
The rise in need for automatic switchgear solutions for the integration of renewable…
Line Voltage and Low Voltage (12v/ 24v) Lighting Market 2022 | Detailed Report
The Line Voltage and Low Voltage (12v/ 24v) Lighting market research report delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. The Line Voltage and Low Voltage (12v/ 24v) Lighting report also incorporates the current and future global market outlook in the emerging and developed markets. Moreover, the report also investigates regions/countries expected to witness the fastest growth rates during the forecast period.
The…
