VARIABLE FREQUENCY DRIVES MARKET IS EXPECTED TO EXCEED MORE THAN USD 25.0 BILLION BY 2021

Market Research Engine has published a new report titled as “Variable Frequency Drives (VFD) Market by Product Type (Adjustable-frequency drive, variable-speed drive, AC drive, micro drive or inverter drive), by Application (Power Generation, Oil and Gas, Manufacturing, Automotive), by End Users and Geography – Global Trends and Forecast 2015 – 2021”.

A variable frequency drive is also called as adjustable speed drive, AC drive, inverter, micro drive, adjustable frequency drive or variable speed drive. It is used to drives an electrical motors having changeable voltage and frequency; it is a type of motor controller and the frequency is directly linked with speed of motor. VFD controls the speed of motor, so it minimize the overall power utilization. Because of this benefit VFD reduces overall energy costs with higher efficiency. Compared to other motor controllers, installation of variable frequency drives become easier. And training for installing of VFD will also minimize.

The variable frequency drives market is expected to exceed more than USD 25.0 billion by 2021; Growing at a CAGR of around 8% in the given forecast period.

The major driving factors of variable frequency drives market are as follows:

Rising need for sinking energy utilization
Reliable performance of motor is essential for constant function
Growing use of induction motors
Increase in industrialization and urbanization
Rules on Energy Efficiency

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The restraining factors of variable frequency drives market are as follows:

Undesirable impact of execution costs in rising economies
Reduction in Greenfield investment

The variable frequency drives market is segmented on the lines of its type, end user, voltage range, power range and application. Under type segmentation it covers AC voltage, DC voltage and servo voltage. Based on end user segmentation it covers manufacturing, chemical processing, oil and gas, automation and industrial development. The variable frequency drives market is segmented on the lines of its voltage range like low voltage and medium voltage. Under power range it covers micro power drives, low power drives, medium power drives and high power drives. The application segment for variable frequency drives includes pumps, fans, compressors, conveyors, extruders and other applications. The variable frequency drives market is geographic segmentation covers various regions such as North America, Europe, Asia Pacific, Latin America, Middle East and Africa. Each geography market is further segmented to provide market revenue for select countries such as the U.S., Canada, U.K. Germany, China, Japan, India, Brazil, and GCC countries.

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This report provides:

1) An overview of the global market for variable frequency drives and related technologies.
2) Analyses of global market trends, with data from 2013, estimates for 2014 and 2015, and projections of compound annual growth rates (CAGRs) through 2020.
3) Identifications of new market opportunities and targeted promotional plans for variable frequency drive
4) Discussions of research and development, and the demand for new products and new applications.
5) Comprehensive company profiles of major players in the industry.

REPORT SCOPE:
The scope of the report includes a detailed study of global and regional markets for various types of coatings with the reasons given for variations in the growth of the industry in certain regions.

The report covers detailed competitive outlook including the market share and company profiles of the key participants operating in the global market. Key players profiled in the report include ABB Ltd., Siemens AG, Schneider Electric Industries S.A.S., Crompton Greaves Ltd., Danfoss VLT Drives, Eaton Corporation, Emerson Industrial Automation, Fuji Electric Co., Ltd., Mitsubishi Electric Corporation and Vacon PLC.. Company profile includes assign such as company summary, financial summary,business strategy and planning, SWOT analysis and current developments.

The Top Companies Report is intended to provide our buyers with a snapshot of the industry’s most influential players.

The Variable Frequency Drives Market has been segmented as below:

By Type Analysis

AC Voltage
DC Voltage
Servo Voltage

By End-user Analysis

Manufacturing
Chemical processing
Oil and Gas
Automation
Industrial development
Others

By Voltage range segment Analysis

Low voltage
Medium voltage

By Power range Analysis

Micro Power Drives
Low Power Drives
Medium Power Drives
High Power Drives

By Application Analysis

Pumps
Fans
Compressors
Conveyors
Extruders
Other Applications

By Regional Analysis

North America
Europe
Asia-Pacific
Rest of the World

Reasons to Buy this Report:

1) Obtain the most up to date information available on all active and planned variable frequency drives market globally.
2) Identify growth segments and opportunities in the industry.
3) Facilitate decision making on the basis of strong historic and forecast of coating industry and unit capacity data.
4) Assess your competitor’s refining portfolio and its evolution.

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This release was published on openPR.