Press release
Variable Frequency Drives (VFD) Market - Global Industry Analysis, Size, Share, Growth By 2021
Variable Frequency Drives (VFD) Market
The global variable frequency drives (VFD) market is expected to reach more than US$ 25.0 billion by 2021 and is projected to register a compound annual growth rate (CAGR) of 8% during the forecast period. The increasing urbanization and industrialization, rising need for energy efficiency, and stringent government regulations are expected to drive the market. However, decrease in Greenfield investment, and undesirable impact of execution costs in rising economies are expected to hamper the growth of the market.
You Can Browse Full Report: https://www.marketresearchengine.com/reportdetails/variable-frequency-drive-market
In this report, the global variable frequency drives (VFD) market is segmented by type, end user, voltage range, power range, application, and region. The market by type is segmented into AC voltage, DC voltage, and servo voltage. By end user, the market is segmented into manufacturing, chemical processing, oil and gas, automation, industrial development, and others. The market by voltage range is segmented into low voltage and medium voltage. By power range, the market is segmented into micro power drives, low power drives, medium power drives, and high power drives. The market by application is segmented into pumps, fans, compressors, conveyors, extruders, and others.
The global variable frequency drives (VFD) market is segmented by key regions, namely, North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Furthermore, each region is segmented to provide market revenue for select countries such as the U.S., Canada, the U.K., Germany, China, Japan, India, Brazil, and GCC countries. The report includes a detailed study of the global and regional market and analyzes the variations in the growth of the industry in certain regions.
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 are the most active players in the variable frequency drives (VFD) market.
This report covers the variable frequency drives (VFD) market, in terms of value, and forecasts the market size till 2021. In addition, the report identifies key growth segments and opportunities in the industry. This report also covers detailed competitive outlook including the share and company profiles of the key players in the global market. Company profile includes company summary, financial summary, business strategy and planning, SWOT analysis, and current developments.
The deep-dive study on the variable frequency drives (VFD) market will help customers with the identification of new market opportunities and targeted promotional plans. The report provides global market trends, with data from 2013, estimates for 2014 and 2015, and projections of CAGRs through 2021. A glimpse of the report structure is provided in the report description available on the website.
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Market Research Engine (MRE) is a next-generation provider of syndicated research, customized research, and consulting services. MRE’s global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each Market Research Engine’s research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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