Estimates
the variable frequency drives market to be valued at US$24,703.4
million by the end of 2020. The market was worth US$15,489.0 million
in 2013. A variable frequency drive is a type of motor controller
that drives an electric motor by varying the voltage and speed
supplied to the electric motor. According to the report, increasing
use of induction motors in a wide range of applications is expected
to boost the demand for variable frequency drives. The need for
reliable functioning of motor coupled with reduced energy consumption
will propel the global variable frequency drives market. However, the
report points out that the adverse impact of implementation costs of
variable frequency drive will restrain the market growth. Various
legislative directives for efficient motors will open new
opportunities for the growth of the variable frequency drives market
across the globe.
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Variable Frequency Drives Market Report with Full TOC
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On
the basis of voltage range segments, the global variable frequency
drives market has been divided into low voltage and medium voltage.
Low voltage frequency drives dominates the overall market owing to
the rapid growth in the manufacturing and infrastructure sectors. Low
voltage frequency drives offer improved process control performance
and energy efficiency with minimal maintenance requirements. The
report studies the various types of variable frequency drives such as
DC variable frequency drives, AC variable frequency drives, and servo
variable frequency drives. Though AC and DC variable frequency
drives have substantial demand in the present market, the report
points out that the increased usage of servo variable frequency
drives to monitor and control robotic applications in industrial
processes will result in high demand for servo variable frequency
drives. Low power AC variable frequency drives will be in demand from
petrochemical and processing industries.
On
the basis of the end user segments, the report categorizes the global
variable frequency drives market into sectors such as chemical
processing, manufacturing, oil and gas, infrastructure development,
power generation, automotive, and others. In 2013, manufacturing
sector dominated the market and is expected to continue as the
largest end user segment by 2020, even though the slowing economy in
South America and Western Europe has adversely affected the
manufacturing sector in the regions.The report studies the global
variable frequency drives market in four key regions: Europe,
Americas, Asia Pacific, and Middle East and Africa. In 2013, Asia
Pacific dominated the overall market and is expected to continue as
the largest market for variable frequency drives by 2020, owing to
the rapid development of chemical processing and manufacturing
industries in countries such as China and India. The report profiles
some of the key players in the global variable frequency drives
market such as Crompton Greaves, ABB Ltd., Danfoss VLT, and Emerson
Industrial Automation.
The
research study has been segmented as below:
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Global
Variable Frequency Drive (VFD) Market: Voltage Range Analysis
- Low Voltage
- Medium Voltage
Global
Variable Frequency Drive (VFD) Market: Type Analysis
- AC
- DC
- Servo
Global
Variable Frequency Drive (VFD) Market: End-Use Application Analysis
- Manufacturing
- Chemical Processing
- Infrastructure Development
- Oil and Gas
- Automotive
- Power Generation
- Others
Global
Variable Frequency Drive (VFD) Market: Regional Analysis
Americas
- North America
- South America
Europe
Asia
Pacific
- China
- Rest of Asia Pacific
Middle
East and Africa (MEA)
Browse
Press Release Of Variable Frequency Drives Market
http://www.transparencymarketresearch.com/pressrelease/variable-frequency-drives-market.htm
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