Global Variable Frequency Drives Sales Market Report 2020
Variable frequency drive is a device used for controlling the frequency and voltage that is supplied to the motor, based on the application need and requirements. Variable frequency drives provide motion control and reduce the power use, as they regulate the motors and supply only the required voltage, thereby reducing power consumption. The global variable frequency drives market is segmented into the following power ratings: less than 1000 kW and greater than 1000 kW.
Growing infrastructure and manufacturing sectors are expected to be the major growth drivers for the low voltage VFD market. Medium voltage drives function at slightly higher voltages than low voltage VFDs. By nature of this property, medium voltage drives consume less electricity as compared to their low voltage counterparts. Equipment used in industries such as mining, oil and gas, and power generation function at high voltage levels. The manufacturing sector was the largest consumer of variable frequency drives globally, accounting for 29.4% of the global share in 2017.
Market Analysis and Insights: Global Variable Frequency Drives Market
The global Variable Frequency Drives market size is projected to reach US$ XX million by 2026, from US$ XX million in 2020, at a CAGR of XX% during 2021-2026.
Global Variable Frequency Drives Scope and Market Size
The global Variable Frequency Drives market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global Variable Frequency Drives market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), by Type and by Application for the period 2015-2026.
Segment by Type, the Variable Frequency Drives market is segmented into
Low Voltage
Medium Voltage
Segment by Application, the Variable Frequency Drives market is segmented into
Manufacturing
Chemical Processing
Infrastructure Development
Oil And Gas
Automotive
Power Generation
Others
The Variable Frequency Drives market is analysed and market size information is provided by regions (countries). Segment by Application, the Variable Frequency Drives market is segmented into United States, Europe, China, Japan, Southeast Asia, India and Rest of World.
The report includes region-wise market size for the period 2015-2026. It also includes market size and forecast by players, by Type, and by Application segment in terms of sales and revenue for the period 2015-2026.
Variable Frequency Drives market competitive landscape provides details and data information by players. The report offers comprehensive analysis and accurate statistics on revenue by the player for the period 2015-2020. It also offers detailed analysis supported by reliable statistics on revenue (global and regional level) by players for the period 2015-2020. Details included are company description, major business, company total revenue and the sales, revenue generated in Variable Frequency Drives business, the date to enter into the Variable Frequency Drives market, Variable Frequency Drives product introduction, recent developments, etc.
The major vendors covered:
ABB
Danfoos
Rockwell Automation
Siemens
Schneider Electric
Eaton
Emerson
Fuji Electric
General Electric
Hitachi
Mitsubishi Motors
Schaffner
SPOC Automation
Toshiba
WEG
Yaskawa Electric
Growing infrastructure and manufacturing sectors are expected to be the major growth drivers for the low voltage VFD market. Medium voltage drives function at slightly higher voltages than low voltage VFDs. By nature of this property, medium voltage drives consume less electricity as compared to their low voltage counterparts. Equipment used in industries such as mining, oil and gas, and power generation function at high voltage levels. The manufacturing sector was the largest consumer of variable frequency drives globally, accounting for 29.4% of the global share in 2017.
Market Analysis and Insights: Global Variable Frequency Drives Market
The global Variable Frequency Drives market size is projected to reach US$ XX million by 2026, from US$ XX million in 2020, at a CAGR of XX% during 2021-2026.
Global Variable Frequency Drives Scope and Market Size
The global Variable Frequency Drives market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global Variable Frequency Drives market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), by Type and by Application for the period 2015-2026.
Segment by Type, the Variable Frequency Drives market is segmented into
Low Voltage
Medium Voltage
Segment by Application, the Variable Frequency Drives market is segmented into
Manufacturing
Chemical Processing
Infrastructure Development
Oil And Gas
Automotive
Power Generation
Others
The Variable Frequency Drives market is analysed and market size information is provided by regions (countries). Segment by Application, the Variable Frequency Drives market is segmented into United States, Europe, China, Japan, Southeast Asia, India and Rest of World.
The report includes region-wise market size for the period 2015-2026. It also includes market size and forecast by players, by Type, and by Application segment in terms of sales and revenue for the period 2015-2026.
Competitive Landscape
and Variable Frequency Drives Market Share AnalysisVariable Frequency Drives market competitive landscape provides details and data information by players. The report offers comprehensive analysis and accurate statistics on revenue by the player for the period 2015-2020. It also offers detailed analysis supported by reliable statistics on revenue (global and regional level) by players for the period 2015-2020. Details included are company description, major business, company total revenue and the sales, revenue generated in Variable Frequency Drives business, the date to enter into the Variable Frequency Drives market, Variable Frequency Drives product introduction, recent developments, etc.
The major vendors covered:
ABB
Danfoos
Rockwell Automation
Siemens
Schneider Electric
Eaton
Emerson
Fuji Electric
General Electric
Hitachi
Mitsubishi Motors
Schaffner
SPOC Automation
Toshiba
WEG
Yaskawa Electric
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
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