Variable Frequency Drive Market 2017 Growth Rate, Business Strategy, Key Players, Emerging Technologies and Trends by Forecast 2022

“Global Variable Frequency Drive Market”
Global Variable Frequency Drive Market Information Report by Type (AC, DC, and servo), by Application (Pumps, Fans, Compressors, Extruders, and others), by End-User (Industrial, Infrastructure, Oil & Gas, Power Generation, and others) and by Region – Global Forecast to 2022

Market Highlights

A variable frequency drive is responsible for motor controlling by varying the frequency and voltage which is supplied to the motor. The system can control the speed of the motor and torque by varying the input frequency of the motor. There are various application in which VFD’s are used such as small appliances, mine mill and compressors. The drive consists of three sub-system that are AC motor, main drive assembly and interface. The major drivers of variable frequency drive market are growing urbanization and industrialization in developing countries, growing demand for better utilization of energy, increasing activities in construction, power transmission and reduce cost of production of VFD’s.

Asia-Pacific region is expected to dominate the Global Variable Frequency Drive Market during the forecast period due to the largest market share in infrastructure and industrial sector in these region. Energy industries such as oil & gas, metals and mining have adopted the use of VFD’s in order to restrict the energy consumption and to reduce the emission of CO2. In Middle East and Africa, the growth of these market has been due to the rise of construction industry. In Europe, due to the rise in automotive industry there is an increasing use of VFD’s, due to which the demand for the use of VFD’s have increased.

The factor which drives the growth of variable frequency drive market is increase in urbanization and industrialization in developing countries. Other factors driving the growth of these market are regulation on efficiency of energy, growing trends in industrial automation, efficient utilization of energy and increase in construction activities, power transmission & distribution. The utilization of VFDs, also results in the reduction of production cost, ultimately leading to the growth of these market. The growth of VFDs is also attributed by the increase of infrastructure activities such as construction of hospitals and educational institutions. The reduction in the operating cost of energy industry also results in the growth of this market.

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Key Players

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).

Market Research Analysis

The market is highly based on applications. Pumps segment is expected to dominate the variable frequency drive market due to the rapid increase in the industrial activities and growing construction sector. The growing oil & gas production in U.S. and Middle East have also resulted in the growth of these markets. In Asia-Pacific, there has been increase in demand for the use of pumps, due to which the market is expected to grow during the forecast period.

The factors contributing to the growth of variable frequency drive market are increase in urbanization and industrialization in developing countries, efficient utilization of energy, increase in construction activities, power transmission and reduction in the cost of production if VFD’s.

The restraint in the growth of global variable frequency drive market is the decrease in Greenfield investment of VFD which will lead to decrease in the profit.

Scope of the Report

This study provides an overview of the global variable frequency drive market, tracking three market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global variable frequency drive market by its type, by application, by end-user and by region.

  • By Type

    • AC
    • DC
    • Servo

    By Application

    • Pumps
    • Fans
    • Compressors
    • Extruders
    • Others

    By End-User

    • Industrial
    • Infrastructure
    • Oil & Gas
    • Power Generation
    • Others

    By region

    • North America
    • Europe
    • Asia-Pacific
    • ROW

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List of Tables

Table 1    Global Variable Frequency Drive Market, By Type
Table 2    Global Variable Frequency Drive Market, By Application
Table 3    Global Variable Frequency Drive Market, By End-User
Table 4     Global Variable Frequency Drive Market, By Regions
Table 5    North America Variable Frequency Drive Market, By Type   
Table 6    North America Variable Frequency Drive Market, By Application
Table 7    North America Variable Frequency Drive Market, By End-User
Table 8    U.S. Variable Frequency Drive Market, By Type
Table 9    U.S. Variable Frequency Drive Market, By Application
Table 10    U.S. Variable Frequency Drive Market, By End-User

Continue…….

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