San Francisco, 31
January, Variable Frequency Drive (VFD)
Market Size, Share & Trends Analysis Report By Product (AC, DC, Servo), By
Power Range (Micro, Low, Medium, High), By Application (Pumps, HVAC,
Conveyers), By End-Use, And Segment Forecasts, 2018 – 2025.
The global variable frequency drive (VFD) market size is expected to reach
USD 33.10 billion by 2025, according to a study conducted by Grand View
Research, Inc., posting a CAGR of 6.7% during the forecast period. Growing
awareness and demand for energy efficiency, favorable government norms and
regulations, and rising technological advancements are likely to provide a
fillip to the market. Integration of VFDs with electric drives enable end-users
to control the speed and torque of drives. It thereby, helps in increasing
their operating efficiency and concurrently reducing the energy consumption.
A large number of VFD manufacturers such as ABB, Ltd.,
Danfoss Global, Siemens AG, and Schneider Electric SE are developing
differentiated products on the basis of functionalities, along with integrated
sensors, to maintain their strong foothold in this price sensitive arena. Asia
Pacific is projected to dominate the market during the forecast period due to
improving economic conditions and rapid industrialization. Additionally,
increasing commercial activities are augmenting the market in the region.
Stringent government regulations mandating the use of
energy efficient devices, along with increasing energy prices, are also
encouraging deployment of VFDs across multiple market domains. Additionally,
rising investments in promoting energy efficiency are escalating the growth of
the variable frequency drive market.
Access Full Research Report On Variable
Frequency Drive (VFD) Market Analysis:
Further key findings from the study suggest:
·
AC VFDs offer easy integration and
low maintenance cost. Therefore, the segment is expected to emerge as the
leading as well as the fastest growing segment over the forecast period
·
Demand for VFDs is estimated to
increase in the pumps application segment owing to increasing penetration of
these drives in hydraulic operations across the oil & gas and wastewater
industries.
·
Latin America is anticipated to be
the fastest-growing region over the forecast period due to spiraling adoption
of VFDs across emerging industrial sectors in the region
·
Some of the prominent industry
players are ABB, Ltd.; Siemens AG; Schneider Electric SE; Rockwell Automation;
Inc.; Danfoss Global; and WEG.
Browse
More Reports Of This Category By Grand View Research At: www.grandviewresearch.com/industry/electronic-devices
Grand
View Research has segmented the global variable frequency drive market based on
product type, power range, application, end-use, and region:
Variable Frequency Drive Product Type Outlook (Revenue,
USD Million, 2014 - 2025)
·
AC Drives
·
DC Drives
·
Servo Drives
Variable Frequency Drive Power Range Outlook (Revenue,
USD Million, 2014 - 2025)
·
Micro
·
Low
·
Medium
·
High
Variable Frequency Drive Application Outlook (Revenue,
USD Million, 2014 - 2025)
·
Pumps
·
Electric Fans
·
Conveyors
·
HVAC
·
Extruders
·
Others
Variable Frequency Drive End-Use Outlook (Revenue, USD
Million, 2014 - 2025)
·
Oil & Gas
·
Power Generation
·
Industrial
·
Infrastructure
·
Automotive
·
Food & Beverages
·
Others
Variable Frequency Drive Regional Outlook (Revenue, USD
Million, 2014 - 2025)
·
North America
o
U.S.
o
Canada
·
Europe
o
U.K.
o
Germany
·
Asia Pacific
o
China
o
Japan
o
India
o
South Korea
·
Latin America
o
Brazil
o
Mexico
·
MEA
Access Full
Press Release of this Report: www.grandviewresearch.com/press-release/global-variable-frequency-drive-vfd-market
About Grand View Research
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
No comments:
Post a Comment