Variable Frequency Drive Market 2017 Growth Rate, Business Strategy, Key Players, Emerging Technologies and Trends by Forecast 2022

Market Highlights
The factor which drives the growth of variable frequency drive market is increase in urbanization and industrialization in developing countries. Other factors driving the growth of these market are regulation on efficiency of energy, growing trends in industrial automation, efficient utilization of energy and increase in construction activities, power transmission & distribution. The utilization of VFDs, also results in the reduction of production cost, ultimately leading to the growth of these market. The growth of VFDs is also attributed by the increase of infrastructure activities such as construction of hospitals and educational institutions. The reduction in the operating cost of energy industry also results in the growth of this market.

The report has been analyzed based on types, applications, end-user and regions. On the basis of type, AC drives is expected to witness the highest growth during the forecast period due to higher demand for AC drives and less requirement of maintenance. They are extensively used in heavy industries such as metals and mining, power generation, oil & gas, which has led to the growth of these segment. Based on applications, pumps segment is expected to dominate the market during the forecast period due to the rapid increase in the industrial activities and the growth of the construction sector. On the basis of end-user, infrastructure segment is expected to dominate the market because VFD’s are mainly used in infrastructure activities. The overall variable frequency drive market is expected to grow due to the growth in the infrastructure activities in Asia-Pacific.
Global Variable Frequency Drive Market is predicted to grow at approximately 6% by 2022

Request a Sample Copy @ https://www.marketresearchfuture.com/sample_request/2440

Key Players
The key players of global variable frequency drive market are
• ABB Ltd. (Switzerland),
• Siemens AG (Germany),
• Rockwell Automation, Inc. (U.S.),
• WEG (Brazil),
• Yaskawa Electric Corporation (Japan),
• Eaton Corporation Plc. (Ireland),
• General Electric (U.S.),
• Emerson Electric Co. (U.S.),
• Hitachi, Ltd. (Japan),
• Mitsubishi Electric Corporation (Japan).

Asia-Pacific accounts for the highest market share
The Asia-Pacific accounts for the highest market share during the forecast period because the region is leading in infrastructure and industrial sector. Energy industries are adopting these drives in order to reduce the energy consumption and reduce the emission of CO2. In Middle East and Africa, the growth in the construction industry have resulted in the growth of these market. Europe is expected to grow during the forecast period, due to the rise in automotive industry.

Market Research Analysis
The market is highly based on applications. Pumps segment is expected to dominate the variable frequency drive market due to the rapid increase in the industrial activities and growing construction sector. The growing oil & gas production in U.S. and Middle East have also resulted in the growth of these markets. In Asia-Pacific, there has been increase in demand for the use of pumps, due to which the market is expected to grow during the forecast period.

The factors contributing to the growth of variable frequency drive market are increase in urbanization and industrialization in developing countries, efficient utilization of energy, increase in construction activities, power transmission and reduction in the cost of production if VFD’s.
The restraint in the growth of global variable frequency drive market is the decrease in Greenfield investment of VFD which will lead to decrease in the profit.

Enquire about this Report @ https://www.marketresearchfuture.com/enquiry/2440

Table of Content
1 Executive Summary
2 Research Methodology
2.1 Scope Of The Study
2.1.1 Definition
2.1.2 Research Objective
2.1.3 Assumptions
2.1.4 Limitations
2.2 Research Process
2.2.1 Primary Research
2.2.2 Secondary Research
2.3 Market Size Estimation
2.4 Forecast Model
3 Market Dynamics
3.1 Market Drivers
3.2 Market Inhibitors
3.3 Supply/Value Chain Analysis
3.4 Porter’s Five Forces Analysis

4 Global Variable Frequency Drive Market, By Type
4.1 AC
4.2 DC
4.3 Servo

5 Global Variable Frequency Drive Market, By Application
5.1 Introduction
5.2 Mobile Fueling Systems
5.3 Transport Fuel
5.4 Others

List of Tables
Table 1 Global Variable Frequency Drive Market, By Type
Table 2 Global Variable Frequency Drive Market, By Application
Table 3 Global Variable Frequency Drive Market, By End-User
Table 4 Global Variable Frequency Drive Market, By Regions
Table 5 North America Variable Frequency Drive Market, By Type
Table 6 North America Variable Frequency Drive Market, By Application
Table 7 North America Variable Frequency Drive Market, By End-User
Table 8 U.S. Variable Frequency Drive Market, By Type
Table 9 U.S. Variable Frequency Drive Market, By Application
Table 10 U.S. Variable Frequency Drive Market, By End-User
Continue…….

List of Figures
Figure 1 Research Type
Figure 2 Global Variable Frequency Drive Market: By Type (%)
Figure 3 Global Variable Frequency Drive Market: By Application (%)
Figure 4 Global Variable Frequency Drive Market: By End-User (%)
Figure 5 Global Variable Frequency Drive Market: By Region
Figure 6 North America Variable Frequency Drive Market, By Type (%)
Figure 7 North America Variable Frequency Drive Market, By Application (%)
Figure 8 North America Variable Frequency Drive Market, By End-User (%)
Figure 9 North America Variable Frequency Drive Market, By Countries (%)
Figure 10 Europe Variable Frequency Drive Market, By Type (%)
Continue………

Browse Full Report Details @ https://www.marketresearchfuture.com/reports/variable-frequency-drive-market-2440

About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

Market Research Future
Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar,
Pune - 411028
Maharashtra, India
+1 646 845 9312
Email: akash.anand@marketresearchfuture.com

This release was published on openPR.