Press release
Variable Frequency Drive Market 2021| Industrial, Infrastructure, Oil & Gas, and Power Generation
Variable Frequency Drive
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The variable frequency drive (VFD) market is projected to reach USD 24.8 billion by 2021, at a CAGR of 5.94% from 2016 to 2021. VFD are used in infrastructural activities which include commercial buildings such as hospitals, and educational institutions. Increasing urbanization and industrialization in developing countries such as India, growing need for energy efficiency, reduction in operating costs of any energy intensive industry, regulations on energy efficiency, growing trend of industrial automation, and regulations to ensure efficiency are expected to drive the variable frequency drive market.
With regard to voltage, the low voltage segment is estimated to grow at the fastest CAGR. The demand from industries such as utilities, petrochemicals, water & wastewater, metals & mining, and cement, would drive the low voltage drives market. The low voltage drives are generally employed in applications such as pumps, compressors, conveyors, crushers & mills, fans, and kiln applications.
Breakdown of Primaries:
In-depth interviews have been conducted with various key industry participants, subject matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information, as well as to assess future market prospects. The distribution of primary interviews is as follows:
• By Company Type: Tier 1- 60%, Tier 2- 27%, Tier 3- 13%
• By Designation: C-Level- 35%, Manager-Level- 25%, Others- 40%
• By Region: Americas- 40%, Europe-19%, Asia-Pacific-17%, Middle East- 15%, and Africa- 9%
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Key points from table of content:
Company Profiles :
13.1 Introduction
13.2 ABB Ltd.
13.2.1 Business Overview
13.2.2 Products & Services Offered
13.2.3 Recent Developments, 2013-2016
13.2.4 SWOT Analysis
13.2.5 MnM View
13.3 Siemens AG
13.3.1 Business Overview
13.3.2 Products & Services Offered
13.3.3 Recent Developments, 2013-2016
13.3.4 SWOT Analysis
13.3.5 MnM View
13.4 Schneider Electric Se
13.4.1 Business Overview
13.4.2 Products & Services Offered
13.4.3 Recent Developments, 2013-2016
13.4.4 SWOT Analysis
13.4.5 MnM View
13.5 Danfoss
13.5.1 Business Overview
13.5.2 Products Offered
13.5.3 Recent Developments, 2013-2016
13.5.4 SWOT Analysis
13.5.5 MnM View
13.6 Rockwell Automation
13.6.1 Business Overview
13.6.2 Products & Services Offered
13.6.3 Recent Developments, 2013-2016
13.6.4 SWOT Analysis
13.6.5 MnM View
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