A Variable Frequency Drive is responsible for controlling the motor by varying the frequency and voltage that is supplied to the motor. It act as a motor controller. By varying the input frequency of the motor, the system can control the speed of AC motor and torque. VFD’s are used in various applications such as small appliance, mine mill drives and compressors. It consist of three main sub-system that are AC motor, main drive controller assembly, and interface.
One of the factors which drives the growth of Variable Frequency Drive Market is the increase in urbanization and industrialization in developing countries. Other factors which drives the growth of these market are increasing need for efficient utilization of energy, increasing activities in construction, power transmission. Reduction in the production cost of VFD’s also drive the growth of these market during the forecast period.
Asia-Pacific is expected to account for the largest market share during the forecast period.
The key players of Global Variable Frequency Drive Market are ABB Ltd. (Switzerland), Siemens AG (Germany), Rockwell Automation, Inc. (U.S.), WEG (Brazil), Yaskawa Electric Corporation (Japan), Eaton Corporation Plc. (Ireland), General Electric (U.S.), Emerson Electric Co. (U.S.), Hitachi, Ltd. (Japan), Mitsubishi Electric Corporation (Japan).
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Regional Analysis of Variable Frequency Drive Market:
The Asia-Pacific region is expected to witness the highest market share during the forecast period because this region has the largest market for infrastructure and industrial sectors. Industries such as oil & gas, metals, and mining are adopting the drives in order to reduce the energy consumption and to limit the CO2 emission. All these factors will lead to increase in growth of the Variable Frequency Drive Market. In Middle East and Africa, the rise in the construction industry will lead to the growth of these market. The rise in the automotive industry is expected to fuel the growth of these market in Europe.
Study Objectives of Variable Frequency Drive Market:
- To provide detailed analysis of the market structure along with forecast for the next 5 years of the various segments and sub-segments of the global variable frequency drive Market
- To provide insights about factors affecting the market growth
- To analyse the global variable frequency drive Market based on various tools such as Supply Chain Analysis, and Porter’s Five Force Analysis
- To provide historical and forecast revenue of the market segments and sub-segments with respect to regions and their respective key countries
- To provide country level analysis of the market with respect to the current market size and future prospective
- To provide country level analysis of the market for segments by type, by application, by end-user and by region.
- To provide strategic profiling of key players in the market, comprehensively analysing their core competencies, and drawing a competitive landscape for the market
- To track and analyse competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the global variable frequency drive market.
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Key Points from Table of Content:
8 Competitive Analysis
8.2 Competitive Scenario
8.2.1 Market Share Analysis
8.2.2 Market Development Analysis
8.2.3 Type/Service Benchmarking
8.3 ABB Ltd. (Switzerland)
8.3.2 Type/Service Offering
8.4 Siemens AG (Germany)
8.4.2 Type/Service Offering
8.5 Rockwell Automation, Inc. (U.S.)
8.5.2 Type/Service Offering
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