According to a new industry report published by Credence
Research, Inc. “Variable Frequency Drive industry By Drive Type (AC Drive, DC
Drive, Servo Drive), By Voltage Range (Low Range, Medium Range), By Application
(Pump, Fan, Compressor, Conveyor, HVAC, Others), By End User (Oil & Gas,
Food Processing, Automotive, Mining & Metals, Pulp & Papers, Others) –
Growth, Share, Opportunities & Competitive Analysis, 2016 – 2024”, the
global Variable Frequency Drive industry is expected to experience steady CAGR
of over 7% from 2016 to 2024.
Browse the Variable Frequency Drive industry– Growth, Share,
Opportunities & Competitive Analysis, 2016 – 2024 report at http://www.credenceresearch.com/report/variable-frequency-drive-market
Industry Insights
With the ongoing development and innovation in automatic
control, computing and power electronics technologies, electric drive
technology is witnessing a new revolution. Major vendors are focusing on
introducing advanced products to enhance business productivity and energy
efficiency, which is boosting growth of the industry. Additionally, broadening
application area of variable frequency drive in pulp and paper and food processing
industries is expected to support growth of the industry over the forecast
period. Further, compatibility of new VFD motors with existing one is
increasing the uptake of various drives such as AC drive, DC drive and servo
drive across major end user industries worldwide. However, technical issues
associated with variable frequency drive is hampering growth of the industry.
Further, high initial cost is projected to hinder adoption of variable
frequency drive in developing regions.
Competitive Insights:
Major vendors in the variable frequency drive industry focus
on investing substantial amount on research and development activities to
introduce technologically advanced and cost-effective motors to differentiate
meet customer demand. Also, acquisition and mergers and operational expansion
are other major strategies followed by key players to expand industry
footprints and enter emerging industry. Prominent players operating in the
global variable frequency drive industry are Fuji Electric Co., Ltd, Mitsubishi
Electric Corporation, Siemens AG, ABB Ltd., American Electric Technologies Inc.
(AETI), GE Energy Power Conversion, Hitachi Ltd., Honeywell International Inc.,
Johnson Controls Inc., and Schneider Electric.
Key Trends:
·
Introduction of bundled solutions and services
·
Key players focus on introducing
industry-specific products
·
Surge in acquisitions and mergers
Browse the Variable Frequency Drive industry– Growth, Share,
Opportunities & Competitive Analysis, 2016 – 2024 report at http://www.credenceresearch.com/report/variable-frequency-drive-market
ToC:
1. Preface
1.1. Report Scope and Description
1.2. Research Methodology
1.2.1. Phase I-Secondary Research
1.2.2. Phase II-Primary Research
1.2.3. Phase II-Expert Panel Review
1.2.4. Assumptions
1.2.5. Approach Adopted
1.1. Report Scope and Description
1.2. Research Methodology
1.2.1. Phase I-Secondary Research
1.2.2. Phase II-Primary Research
1.2.3. Phase II-Expert Panel Review
1.2.4. Assumptions
1.2.5. Approach Adopted
2. Executive Summary
2.1. Global Variable Frequency Drive Market Snapshot
2.1. Global Variable Frequency Drive Market Snapshot
3. Global Variable Frequency Drive Market Analysis
3.1. Global Variable Frequency Drive Market Overview
3.2. Market Inclination Insights
3.2.1. Recent Trends
3.2.2. Future Outlook
3.3. Market Dynamics
3.3.1. Market Drivers
3.3.2. Market Challenges
3.1. Global Variable Frequency Drive Market Overview
3.2. Market Inclination Insights
3.2.1. Recent Trends
3.2.2. Future Outlook
3.3. Market Dynamics
3.3.1. Market Drivers
3.3.2. Market Challenges
4. Global Variable Frequency Drive Market Revenue, By
Drive Type, 2014 – 2024 (US$ Mn)
4.1. Comparative Analysis
4.1.1. AC Drive
4.1.2. DC Drive
4.1.3. Servo Drive
4.1. Comparative Analysis
4.1.1. AC Drive
4.1.2. DC Drive
4.1.3. Servo Drive
5. Global Variable Frequency Drive Market Revenue, By
Voltage Range, 2014 – 2024 (US$ Mn)
5.1. Comparative Analysis
5.1.1. Low Range
5.1.2. Medium Range
5.1. Comparative Analysis
5.1.1. Low Range
5.1.2. Medium Range
6. Global Variable Frequency Drive Market Revenue, By
Application, 2014 – 2024 (US$ Mn)
6.1. Comparative Analysis
6.1.1. Pump
6.1.2. Fan
6.1.3. Compressor
6.1.4. Conveyor..
6.1. Comparative Analysis
6.1.1. Pump
6.1.2. Fan
6.1.3. Compressor
6.1.4. Conveyor..
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