Press release
Variable Frequency Drive (VFD) Market – key trends and statistics 2024
Regulators across the globe have developed numerous standards to encourage the effective deployment of energy efficient system. In April 2014, the U.S. Department of Energy (DOE) set the efficiency standards for HVAC systems under which heat pumps and air conditioners installed on or after January 2015, should adhere Seasonal Energy Efficiency Ratio (SEER) standards.
Request for an in-depth table of contents for this report @ https://www.gminsights.com/request-toc/upcoming/1185
Stringent government directives to reduce greenhouse gas emissions will positively impact the business outlook of the global variable frequency drive (VFD) market by 2024. In 2014, the European Union has developed 2003/87/EC directive with an aim to curb emissions by 20% by 2020. The Government of Australia has also prepared numerous direct action plans towards the reduction of emission. Increasing oil and gas drilling activities across deep and ultradeep sea platforms will further augment the business outlook.
The demand for the optimum utilization of energy for effectively running operations across electricity generating stations will further complement the global (variable frequency drive) VFD market. Rising investments towards the deployment of new electricity generating stations to cater to the growing demand will enhance the industry size.
Browse the full Variable Frequency Drive (VFD) Market report at @ http://bit.ly/2nOeXJd
Based on the current rating, the global variable frequency drive market can be segmented into AC, DC, and servo drives. AC drives are witnessing a significant growth owing to its high efficiency and low maintenance costs. DC drives may witness a substantial growth due to its higher acceleration & torque, low cost, and lesser complexity.
On the basis of voltage rating, the global variable frequency drive market has been sectioned into low voltage and medium voltage. Low voltage range VFDs account for a higher market share due to its compact design and high acceptance across petrochemicals, metals & mining, utilities, and cement industries.
In terms of application, the global variable frequency drive market has been segmented into HVAC systems, conveyors, pumps, compressors, and fans. The pump segment holds the dominant position due to its wide acceptance across coal-fired electricity generation plants. The introduction of new HVAC standards by countries including the U.S. will complement the industry outlook over the forecast timeframe.
Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/1185
Based on end-use, the global variable frequency drive market has been segmented into Industrial, power generation, and oil & gas. The oil & gas industry accounted for the highest share owing to the growing exploration and production of unconventional resources. The power sector will expand substantially owing to the increasing demand for the reliable power across the globe.
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com
Blog: https://gminsights.wordpress.com
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 (VFD) Market – key trends and statistics 2024 here
News-ID: 501680 • Views: …
More Releases from Global Market Insights, Inc.
Rare Sugar Market Top 3 Trends, Covid-19 Outbreak, Factors Driving, Threats, Cha …
Rising awareness regarding health & fitness and the subsequent shift in consumer trends towards low-calorie sweeteners will boost rare sugar market share over the forecast spell. Recent years have marked a steady rise in the prevalence of cardiovascular ailments, diabetes, and obesity, among other chronic conditions, which have triggered a massive change in consumer perceptions towards health.
This in turn has led to a surge in demand for various functional foods…
Global Selenium Yeast Market Industry Assessment, Trends, Competitive Landscape, …
The selenium yeast market is anticipated to register substantial gains on account of rising inclination towards organic additives in animal nutrition, with an aim to improve livestock health and production. Consumers are steadily becoming aware of the downsides associated with using synthetic additives. As a result, they are preferring selenium yeast feed grades over other counterparts to provide balanced nutrition to their livestock.
According to Global Market Insights Inc estimates…
Power Distribution Component Market Share, Size, Trends by 2025 | Leading Key pl …
Global Power Distribution Component Market Report offers market overview, segmentation by types, application, countries, key manufactures, cost analysis, industrial chain, sourcing strategy, downstream buyers, marketing strategy analysis, distributors/traders, factors affecting market, forecast and other important information for key insight.
Request a sample of this research report @ https://www.gminsights.com/request-sample/detail/3091
Voltage rating have acted as a standard industry protocol toward the installation of power components reliant on regulatory preference, deployment areas, and the group…
Prenatal Vitamin Ingredients Market New Entrants, Risk Factors, Market Expansion …
The rise in the instances of miscarriages on account of poor diet and hygiene will anchor the consumption of prenatal vitamin ingredients. Excessive intake of junk food has resulted in the scarcity of important nutrients in pregnant women that could adversely affect the fetus health and development. Furthermore, prenatal vitamin ingredients possess additional nutritional components that are not so easily sourced from regular food items and products.
Prenatal vitamin ingredients can…
More Releases for VFD
Marine VFD Industry Report Analysis By opportunities
Stratistics MRC's Marine VFD Market report provides readers with an understanding of market details, overview, drivers and segmentation with types.
Marine variable frequency drives (VFD) are used for regulating the speed and torque of motors so that they run accurately according to the demand. A variable frequency drive (VFD) is a type of motor controller that drives an electric motor by varying the frequency and voltage of its power supply. The…
Variable Frequency Driver (VFD) Market 2021 | Detailed Report
The Variable Frequency Driver (VFD) research report undoubtedly meets the strategic and specific needs of the businesses and companies. The report acts as a perfect window that provides an explanation of market classification, market definition, applications, market trends, and engagement. The competitive landscape is studied here in terms of product range, strategies, and prospects of the market’s key players. Furthermore, the report offers insightful market data and information about the…
Marine VFD Market Comprehensive Survey 2028
Marine VFD Market: Introduction
The marine VFD market is experiencing a significant growth since past few years. The marine variable frequency drive market is anticipated to undergo even more developments in the span of coming years. The major factors contributing in the rising demand in global marine VFD market are decreased energy price and low energy consumption. It operates an electric engine and can control slow down and increase of…
Variable Frequency Drive (VFD) Market Latest Trends 2025
Global Variable Frequency Drive (VFD) Market: Overview
Also known as speed variable drive, AC drive, adjustable speed drive, microdrive, and inverter, variable frequency drives (VFDs) are used in electro-mechanical drive systems as motor controllers by varying the frequency and voltage supplied to an electric motor. Depending upon the application, the VFD can ramp up or ramp down the voltage and frequency so as to meet the needs of the electric motor’s…
Global VFD Customer Display Market Growth 2019-2024
Market Research Report Store offers a latest published report on VFD Customer Display Market Analysis and Forecast 2019-2025 delivering key insights and providing a competitive advantage to clients through a detailed report. This report focuses on the key global VFD Customer Display players, to define, describe and analyze the value, market share, market competition landscape, SWOT analysis and development plans in next few years.To analyze the VFD Customer Display with…
Marine VFD Market Size, Share, Development by 2024
Global Info Research offers a latest published report on Marine VFD Market Analysis and Forecast 2019-2025 delivering key insights and providing a competitive advantage to clients through a detailed report. The report contains 102 pages which highly exhibit on current market analysis scenario, upcoming as well as future opportunities, revenue growth, pricing and profitability.
Click to view the full report TOC, figure and tables:
https://www.globalinforesearch.com/global-marine-vfd-market_p109797.html
Scope of the Report:
The worldwide market for Marine…
