openPR Logo
Press release

Variable Frequency Drive Market to receive overwhelming hike in Revenues by 2024 - Credence Research

03-27-2017 07:24 PM CET | Media & Telecommunications

Press release from: Brisk Insights

Variable Frequency Drive Market to receive overwhelming hike

In a new industry report published by Credence Research, Inc. “Variable Frequency Drive industry By Drive Type (AC Drive, DC Drive, Servo Drive), By Voltage Range (Low Range, Medium Range), By Application (Pump, Fan, Compressor, Conveyor, HVAC, Others), By End User (Oil & Gas, Food Processing, Automotive, Mining & Metals, Pulp & Papers, Others) – Growth, Share, Opportunities & Competitive Analysis, 2016 – 2024”, the global Variable Frequency Drive industry is expected to experience steady CAGR of over 7% from 2016 to 2024.
Browse the Variable Frequency Drive: http://www.credenceresearch.com/report/variable-frequency-drive-market
Industry Insights
With the ongoing development and innovation in automatic control, computing and power electronics technologies, electric drive technology is witnessing a new revolution. Major vendors are focusing on introducing advanced products to enhance business productivity and energy efficiency, which is boosting growth of the industry. Additionally, broadening application area of variable frequency drive in pulp and paper and food processing industries is expected to support growth of the industry over the forecast period. Further, compatibility of new VFD motors with existing one is increasing the uptake of various drives such as AC drive, DC drive and servo drive across major end user industries worldwide. However, technical issues associated with variable frequency drive is hampering growth of the industry. Further, high initial cost is projected to hinder adoption of variable frequency drive in developing regions.
Variable Frequency Drive industry
Competitive Insights:
Major vendors in the variable frequency drive industry focus on investing substantial amount on research and development activities to introduce technologically advanced and cost-effective motors to differentiate meet customer demand. Also, acquisition and mergers and operational expansion are other major strategies followed by key players to expand industry footprints and enter emerging industry. Prominent players operating in the global variable frequency drive industry are Fuji Electric Co., Ltd, Mitsubishi Electric Corporation, Siemens AG, ABB Ltd., American Electric Technologies Inc. (AETI), GE Energy Power Conversion, Hitachi Ltd., Honeywell International Inc., Johnson Controls Inc., and Schneider Electric.
Key Trends:
• Introduction of bundled solutions and services
• Key players focus on introducing industry-specific products
• Surge in acquisitions and mergers
Browse the Variable Frequency Drive: http://www.credenceresearch.com/report/variable-frequency-drive-market
ToC:
1. Preface
1.1. Report Scope and Description
1.2. Research Methodology
1.2.1. Phase I-Secondary Research
1.2.2. Phase II-Primary Research
1.2.3. Phase II-Expert Panel Review
1.2.4. Assumptions
1.2.5. Approach Adopted
2. Executive Summary
2.1. Global Variable Frequency Drive Market Snapshot
3. Global Variable Frequency Drive Market Analysis
3.1. Global Variable Frequency Drive Market Overview
3.2. Market Inclination Insights
3.2.1. Recent Trends
3.2.2. Future Outlook
3.3. Market Dynamics
3.3.1. Market Drivers
3.3.2. Market Challenges
4. Global Variable Frequency Drive Market Revenue, By Drive Type, 2014 – 2024 (US$ Mn)
4.1. Comparative Analysis
4.1.1. AC Drive
4.1.2. DC Drive
4.1.3. Servo Drive
5. Global Variable Frequency Drive Market Revenue, By Voltage Range, 2014 – 2024 (US$ Mn)
5.1. Comparative Analysis
5.1.1. Low Range..
Request Sample: http://www.credenceresearch.com/sample-request/58342

Crossroadstoday: http://www.crossroadstoday.com/story/34976975/variable-frequency-drive-market-is-forecast-ed-to-reach-at-cagr-of-over-7-from-2016-to-2024-credence-research
Media Contact
Name: Chris Smith
Address: 105 N 1st ST #429,
SAN JOSE, CA 95103 US
E-mail: sales@credenceresearch.com
Ph: 1-800-361-8290
Web: http://www.credenceresearch.com

About Us:
Credence Research is a worldwide market research and counseling firm that serves driving organizations, governments, non-legislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives. Over almost a century, we’ve manufactured a firm extraordinarily prepared to this task.

105 N 1st ST #429, SAN JOSE,
CA 95103, United States

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 Drive Market to receive overwhelming hike in Revenues by 2024 - Credence Research here

News-ID: 482955 • Views:

More Releases from Brisk Insights

Global Refrigerated Display Cases (RDC) Market - Growth, Future Prospects & Comp …
According to a new market research report published by Brisk Insights, "Refrigerated Display Cases (RDC) Market (by Product Type (Plug-in RDCs & Remote RDCs), by Product Design (Vertical - Front Open, Horizontal - Top Open, and Others (Hybrid, etc.)), By End-use (Food Service Establishments & Retail Establishments), by Geography (North America, Europe, Asia Pacific, and Rest of the World)) - Growth, Future Prospects, and Competitive Landscape, 2019 -2027", the global
Increased Adoption Of Cloud-Based Services And Big Data Analytics To Drive Deman …
According to a new market report published by Acute Market Reports, "Global Data Center Cooling Market (By Product (Air conditioners, Chillers, Cooling Towers, Economizers, and Other Equipment), By Cooling Technique (Air-based Cooling, and Liquid-based Cooling), By Cooling Architecture (Room, Rack, and Row)) - Growth, Share, Opportunities, Competitive Analysis, and Forecast 2017 - 2025", the global data center cooling market is expected to witness strong growth during the forecast period 2017
Pharmacy Dispensing Machines Market Is Expected To Reach US$ 6,023.2 Mn By 2026
The latest market report published by Brisk Insights “Global Pharmacy Dispensing Machines Market - Growth, Future Prospects, Competitive Analysis, 2018 - 2026,” the global pharmacy dispensing machines market was valued at US$ 3,222.2 Mn in 2017, and is expected to reach US$ 6,023.2 Mn by 2026, expanding at a CAGR of 7.3% from 2018 to 2026. Market Insights Every year billions of dollars are wasted by the healthcare agencies throughout the globe
Global Ambulatory Care Services Market Is Expected To Reach US$ 106.8 Bn By 2025
The latest market report published by Brisk Insights “Global Ambulatory Care Services Market - Market Growth, Future Prospects, Competitive Analysis and Pipeline Analysis, 2017 - 2025,” the global ambulatory care services market was valued at US$ 72.96 Bn in 2016, and is expected to reach US$ 106.8 Bn by 2025 expanding at a CAGR of 4.22 % from 2017 to 2025. Market Insights According to World Health Organization in 2013 approximately 33%

All 4 Releases


More Releases for Drive

Harmonic Drive Gearbox Market 7.50% CAGR Growth with GAM Cone Drive Datorker Sch …
The Harmonic Drive Gearbox market is poised for significant growth in the coming years, driven by the increasing demand for precision motion control across various industries. This specialized gearbox is known for its unique design, which allows for high torque transmission, compact size, and exceptional accuracy. These attributes make Harmonic Drive Gearboxes particularly attractive for applications in robotics, aerospace, medical devices, and industrial automation. As industries continue to advance toward
Dream Drive Brings Self-Drive Car Rental Services to Ranchi
Ranchi, Jharkhand - Dream Drive, Ranchi's newest and most trusted self-drive car rental service, is redefining the way people travel in the city. With a fleet of brand-new, well-maintained cars, Dream Drive offers customers the freedom to drive on their own terms at affordable rates. From compact hatchbacks to spacious SUVs and premium sedans, Dream Drive has a car for every occasion - whether it's a family outing, business trip, wedding,
Electric Axle Drive And Wheel Drive Market Size Analysis by Application, Type, a …
USA, New Jersey- According to Market Research Intellect, the global Electric Axle Drive And Wheel Drive 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 growing popularity of electric vehicles (EVs) and improvements in drivetrain technologies are propelling the market for electric axle drive and
Harmonic Drive Market to Witness Stunning Growth | Major Giants Harmonic Drive S …
HTF MI recently introduced Global Harmonic Drive Market study with 143+ pages in-depth overview, describing about the Product / Industry Scope and elaborates market outlook and status (2024-2032). The market Study is segmented by key regions which is accelerating the marketization. At present, the market is developing its presence. Some key players from the complete study are Harmonic Drive Systems Inc., Sumitomo, Cone Drive, Beijing CTKM, ABB, Nabtesco. Download Sample Report
Global Land Top Drive Market 2020, Land Top Drive Market, Land Top Drive Market …
Global Land Top Drive Market Growth 2020-2025 released by MarketandResearch.biz embarks with industry overview which clarifies value chain structure, industrial environment, market size, market share, regional analysis, application, and forecast. The report outlines the development factors improving or hampering the market advancement, major ruling organizations, monetary circumstance, and veritable certainties. This research is exceptionally advantageous to pursuers. This research refines variations of the global Land Top Drive market to help
Harmonic Drive Market Forecasts – HDSI, Leaderdrive, Beijing CTKM Harmonic Dri …
For overview analysis, the report introduces Harmonic Drive Market basic information including definition, classification, application, industry chain structure, industry overview, policy analysis, and news analysis, etc. Harmonic Drive Market : Harmonic Drive is a compact, high performance, precision reduction gear. It is one of the key components used in robotic products such as collaborative work robots. The gear consists of only 3 basic parts (Wave Generator, Flex spline, and Circular Spline). It