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(Wireless-NewsWire.Com, April 04, 2018 ) Publisher projects that the Variable Frequency Drive market size will grow from USD 19.96 Billion in 2017 to USD 28.31 Billion by 2023, at an estimated CAGR of 5.99%. The base year considered for the study is 2017, and the market size is projected from 2018 to 2023.
This growth is attributed to the increasing infrastructural activities including construction of hospitals, and educational institutions, strict regulations related to energy efficiency, reduction of life cycle cost and optimized energy use.The report segments the variable frequency drive market based on type into AC drives, DC drives and Servo drives. The AC drives segment is projected to dominate the VFD market.The variable frequency drive market has been segmented based on power range into micro power drive (UP TO 5 Kw), low power drive (6-40 kW), medium power drive (41-200 kW) and high power drive (Above 200 kW). The micro power drive segment accounted for the largest market share in 2015. These VFDs are increasingly popular due to their wide application in fans, pumps, compressors, conveyors, extruders, among others.
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By Market Players:
• ABB Ltd. ,
• Siemens AG ,
• Schneider Electric Se ,
• Danfoss ,
• Rockwell Automation ,
• Weg SA ,
• Yaskawa Electric Corp ,
• Eaton ,
• General Electric ,
• Emerson Electric Co. ,
• Hitachi , Crompton Greaves ,
• Mitsubishi Heavy Industries, Ltd. ,
• Fuji Electric Co. ,
• Toshiba
By Type:
• Alternating Current (AC) Variable Frequency Drives ,
• Direct Current (DC) Variable Frequency Drives ,
• Servo Variable Frequency Drives, ,
By End-User:
• Oil & Gas ,
• Power Generation ,
• Industrial , Infrastructure
By Power Range:
• Micro Power Drives ,
• Low Power Drives ,
• Medium Power Drives ,
• High Power Drives,
The prime objective of this report is to help the user understand the market in terms of its definition, segmentation, market potential, influential trends, and the challenges that the market is facing. Deep researches and analysis were done during the preparation of the report. The readers will find this report very helpful in understanding the market in depth. The data and the information regarding the market are taken from reliable sources such as websites, annual reports of the companies, journals, and others and were checked and validated by the industry experts. The facts and data are represented in the report using diagrams, graphs, pie charts, and other pictorial representations. This enhances the visual representation and also helps in understanding the facts much better.
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The complete profile of the companies is mentioned. And the capacity, production, price, revenue, cost, gross, gross margin, sales volume, sales revenue, consumption, growth rate, import, export, supply, future strategies, and the technological developments that they are making are also included within the report. The historical data from 2012 to 2017 and forecast data from 2018 to 2023.
The growth factors of the market is discussed in detail wherein the different end users of the market are explained in detail.
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