A variable frequency drive is also called as adjustable speed drive, AC drive, inverter, micro drive, adjustable frequency drive or variable speed drive. It is used to drives an electrical motors having changeable voltage and frequency; it is a type of motor controller and the frequency is directly linked with speed of motor. VFD controls the speed of motor, so it minimize the overall power utilization. Because of this benefit VFD reduces overall energy costs with higher efficiency. Compared to other motor controllers, installation of variable frequency drives become easier. And training for installing of VFD will also minimize.
The variable frequency drives market is expected to be around US$ 38.80 billion by 2027; Growing at a CAGR of around 8% in the given forecast period.
The major driving factors of variable frequency drives market are as follows:
Rising need for sinking energy utilization
Reliable performance of motor is essential for constant function
Growing use of induction motors
Increase in industrialization and urbanization
Rules on Energy Efficiency
The restraining factors of variable frequency drives market are as follows:
Undesirable impact of execution costs in rising economies
Reduction in Greenfield investment
The variable frequency drives market is segmented on the lines of its type, end user, voltage range, power range and application. Under type segmentation it covers AC voltage, DC voltage and servo voltage. Based on end user segmentation it covers manufacturing, chemical processing, oil and gas, automation and industrial development. The variable frequency drives market is segmented on the lines of its voltage range like low voltage and medium voltage. Under power range it covers micro power drives, low power drives, medium power drives and high power drives. The application segment for variable frequency drives includes pumps, fans, compressors, conveyors, extruders and other applications. The variable frequency drives market is geographic segmentation covers various regions such as North America, Europe, Asia Pacific, Latin America, Middle East and Africa. Each geography market is further segmented to provide market revenue for select countries such as the U.S., Canada, U.K. Germany, China, Japan, India, Brazil, and GCC countries.
This report provides:
1) An overview of the global market for variable frequency drives and related technologies.
2) Analyses of global market trends, with data from 2019, estimates for 2020 and 202, and projections of compound annual growth rates (CAGRs) through 2027.
3) Identifications of new market opportunities and targeted promotional plans for variable frequency drive
4) Discussions of research and development, and the demand for new products and new applications.
5) Comprehensive company profiles of major players in the industry.
REPORT SCOPE:
The scope of the report includes a detailed study of global and regional markets for various types of coatings with the reasons given for variations in the growth of the industry in certain regions.
The report covers detailed competitive outlook including the market share and company profiles of the key participants operating in the global market. Key players profiled in the report include 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.. Company profile includes assign such as company summary, financial summary,business strategy and planning, SWOT analysis and current developments.
The Top Companies Report is intended to provide our buyers with a snapshot of the industry’s most influential players.
The Variable Frequency Drives Market has been segmented as below:
By Type Analysis
AC Voltage
DC Voltage
Servo Voltage
By End-user Analysis
Manufacturing
Chemical processing
Oil and Gas
Automation
Industrial development
Others
By Voltage range segment Analysis
Low voltage
Medium voltage
By Power range Analysis
Micro Power Drives
Low Power Drives
Medium Power Drives
High Power Drives
By Application Analysis
Pumps
Fans
Compressors
Conveyors
Extruders
Other Applications
By Regional Analysis
North America
Europe
Asia-Pacific
Rest of the World
Reasons to Buy this Report:
1) Obtain the most up to date information available on all active and planned variable frequency drives market globally.
2) Identify growth segments and opportunities in the industry.
3) Facilitate decision making on the basis of strong historic and forecast of coating industry and unit capacity data.
4) Assess your competitor’s refining portfolio and its evolution.
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1 INTRODUCTION
1.1 Key Take Aways
1.2 Report Description
1.3 Markets Covered
1.4 Stakeholders
1.5 Research Methodology
1.5.1 Market Size
1.5.2 Market Share
1.5.3 Key Data Points From Secondary Sources
1.5.4 Key Data Points From Primary Sources
2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Key Industry Insights
2.1.2.3 Breakdown of Primaries
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Data Triangulation
2.4 Research Assumptions
3 Executive Summary
3.1 Historical Backdrop
3.2 Current Scenario
3.3 Future Outlook
3.4 Conclusion
4 Premium Insights
4.1 Variable Frequency Drives Market, By Voltage
4.2 Variable Frequency Drives Market, By Type
4.3 Asia-Pacific: the Largest Market During the Forecast Period
4.4 Variable Frequency Drives, By Power Range
4.5 Variable Frequency Drives, By Application
5 Market Overview
5.1 Introduction
5.2 Variable Frequency Drives: Market Segmentation
5.3 Market Dynamics
5.3.1 Drivers
5.3.1.1 Increasing Urbanization and Industrialization
5.3.1.2 Rising Need for Energy Efficiency
5.3.1.3 Government Regulations
5.3.2 Restraints
5.3.2.1 Decrease in Greenfield Investment
5.3.3 Opportunities
5.3.3.1 Huge Opportunity in the Replacement Sector
5.3.3.2 Industrial Internet of Things (IIoT)
5.3.4 Challenges
5.3.4.1 Regional-Level Competition From Local Players
6 Variable Frequency Drives Market, By Type
6.1 Introduction
6.2 Alternative Current (AC) Variable Frequency Drives
6.3 Direct Current (DC) Variable Frequency Drives
6.4 Servo Variable Frequency Drives
7 Variable Frequency Drives Market, By End-User
7.1 Introduction
7.2 Oil & Gas
7.3 Power Generation
7.4 Industrial
7.5 Infrastructure
8 Variable Frequency Drives Market, By Voltage
8.1 Introduction
8.2 Low Voltage Variable Frequency Drives
8.3 Medium Voltage Variable Frequency Drives
9 Variable Frequency Drive Market, By Power Range
9.1 Introduction
9.2 Micro Power Drives
9.3 Low Power Drives
9.4 Medium Power Drives
9.5 High Power Drives
10 Variable Frequency Drives Market, By Application
10.1 Introduction
10.2 Pumps
10.3 Fans
10.4 Compressors
10.5 Conveyors
10.6 Extruders
10.7 Other End-Users
11 Variable Frequency Drives Market, By Region
11.1 Introduction
11.2 Asia-Pacific
11.2.1 By Voltage
11.2.2 By Application
11.2.3 By Power Range
11.2.4 By Country
11.2.4.1 China
11.2.4.2 Japan
11.2.4.3 India
11.2.4.4 South Korea
11.2.4.5 Indonesia
11.2.4.6 Australia
11.2.4.7 Rest of Asia-Pacific
11.3 Europe
11.3.1 By Voltage
11.3.2 By Application
11.3.3 By Power Range
11.3.4 By Country
11.3.4.1 Germany
11.3.4.2 France
11.3.4.3 Russia
11.3.4.4 U.K.
11.3.4.5 Italy
11.3.4.6 Spain
11.3.4.7 Rest of Europe
11.4 North America
11.4.1 By Voltage
11.4.2 By Application
11.4.3 By Power Range
11.4.4 By Country
11.4.4.1 U.S.
11.4.4.2 Canada
11.4.4.3 Mexico
11.5 Middle East
11.5.1 By Voltage
11.5.2 By Application
11.5.3 By Power Range
11.5.4 By Country
11.5.4.1 Saudi Arabia
11.5.4.2 UAE
11.5.4.3 Qatar
11.5.4.4 Oman
11.5.4.5 Kuwait
11.5.4.6 Rest of Middle East
11.6 South America
11.6.1 By Voltage
11.6.2 By Application
11.6.3 By Power Range
11.6.4 By Country
11.6.4.1 Brazil
11.6.4.2 Argentina
11.6.4.3 Chile
11.6.4.4 Rest of South America
11.7 Africa
11.7.1 By Voltage
11.7.2 By Application
11.7.3 By Power Range
11.7.4 By Country
11.7.4.1 Egypt
11.7.4.2 Nigeria
11.7.4.3 South Africa
11.7.4.4 Rest of Africa
12 Competitive Landscape
12.1 Overview
12.2 Market Share Analysis, By Value, 2015
12.3 Competitive Situation & Trends
12.4 Contracts & Agreements
12.5 Expansions & Investments
12.6 New Product Developments
12.7 Mergers & Acquisitions
13 Company Profiles
13.1 Introduction
13.2 ABB Ltd
13.3 Siemens AG
13.4 Schneider Electric Se
13.5 Danfoss
13.6 Rockwell Automation
13.7 WEG SA
13.8 Yaskawa Electric Corp
13.9 Eaton
13.10 General Electric
13.11 Emerson Electric Co.
13.12 Hitachi
13.13 Crompton Greaves
13.14 Mitsubishi Heavy Industries, Ltd.
13.15 Fuji Electric Co.
13.16 Toshiba
The Variable Frequency Drives Market has been segmented as below:
By Type Analysis
AC Voltage
DC Voltage
Servo Voltage
By End-user Analysis
Manufacturing
Chemical processing
Oil and Gas
Automation
Industrial development
Others
By Voltage range segment Analysis
Low voltage
Medium voltage
By Power range Analysis
Micro Power Drives
Low Power Drives
Medium Power Drives
High Power Drives
By Application Analysis
Pumps
Fans
Compressors
Conveyors
Extruders
Other Applications
By Regional Analysis
North America
Europe
Asia-Pacific
Rest of the World
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