Variable Frequency Drives Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024

Request Brochure Request Discount

Report Code: ZMR-1458 | Report Format : | Status : Upcoming |

Abstract

Global Variable Frequency Drives Market: Overview

The variable frequency drives are also known as AC drive, speed variable drive, microdrive, adjustable speed drive and inverter. The electro-mechanical drive systems use variable frequency drives as motor controllers by varying the voltage and frequency supplied to an electric motor. They are used to ramp down or ramp up the frequency and voltage so as to meet the needs of the electric motor’s speed.

Global Variable Frequency Drives Market: Segmentation

The global variable frequency drives market is segmented into its power range, voltage, product type, application, end-users, and geography. On the basis of power range, the market is divided into high power drives, medium power drives, lower power drives and micro power drives. Based on voltage, the market is segregated into a medium voltage and high voltage generators. On the basis of product type, the market is classified into DC drives, AC drive, and servo drives.  Based on application, the market is categorized into fans, pumps, conveyors, compressors, extruders and others. On the basis of end-users, the market is divided into pulp and papers, infrastructure, mining and metals, automotive industries industrial, food processing, power generation and oil and gas sectors. Diversification of the market on the basis of the region is seen into North America, Asia-Pacific, Europe, Latin America and the Middle East and Africa.

Global Variable Frequency Drives Market: Growth Factors

The variable frequency drives market is a growing market owing to factors such as emergence of industrial internet of things, high lifespan of equipment that deploy variable frequency drives, development in variable frequency drives technology which has made pumps, fans, ACs and other devices smarter, better efficiency, lower rate of errors and lower maintenance costs. These devices are capable of reducing energy costs which in turn has brought down the cost of production. This has further boosted the market growth. Product innovations, acquisitions, mergers, partnerships, and collaborations are being increasingly adopted by the key market players which will enhance the market conditions and support the growth rate. The vulnerability of smart variable frequency drives to cyber-attacks might cause a hindrance in the market growth but this restrain can be overcome by the technological advancements made in this field.

Global Variable Frequency Drives Market: Regional Analysis

The largest shareholder in the variable frequency drives market is held by North America. This can be attributed to factors such as packaging, pumping, and machinery equipment, deployment of VFDs across several industries and Initiatives aimed at the reduction of carbon emissions and energy footprint. The U.S. and Canada are the major countries showing a significant growth in this region. Following North America in its growth is Asia pacific. The urbanization, rapid growth in infrastructure and the favorable developments in the industrial sector in several countries of Asia-Pacific is the major reason for the growth in this region. Europe has also provided a fair share of the market growth. New legislations and the changing regulatory policies are fuelling the market growth especially in countries such as the U.K. and Germany.

Global Variable Frequency Drives Market: Competitive Players

The major market players in the variable frequency drives the market to include ABB Ltd., Schneider Electric, Rockwell Automation, Inc., Eaton Corporation Plc., and others.

Global Variable Frequency Drives Market: Regional Segment Analysis

  • North America
    • U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

What Reports Provides

  • Full in-depth analysis of the parent market
  • Important changes in market dynamics
  • Segmentation details of the market
  • Former, on-going, and projected market analysis in terms of volume and value
  • Assessment of niche industry developments
  • Market share analysis
  • Key strategies of major players
  • Emerging segments and regional markets
  • Testimonials to companies in order to fortify their foothold in the market.

Related Reports

Liquefied Petroleum Gas (LPG) Market: by Source (Refinery, Associated Gas, and Non-Associated Gas), by End-User (Residential/Commercial, Petrochemical and Refinery, Industrial, and Transportation): Global Industry Perspective, Comprehensive Analysis and Forecast, 2017- 2024

Aug-2018 | Price : $ 4899.00 | Pages: 110 | Report Code: ZMR-3272 | Report Format:

The report covers forecast and analysis for the liquefied petroleum gas market on a global and regional level. The study provides historic data from 2016 to 2017 along with a forecast from 2018 to 2024 based on revenue (USD Billion). The study includes drivers and restraints for the liquefied petr...Read More

Generator Market by Fuel Type (Gasoline, Diesel, LPG, Natural Gas, and Others); by Power Rating (Up to 5 KVA, 5 to 10 KVA, 10 to 15 KVA, and 15 to 20 KVA); by Generator Type (Portable and Stationary); and by End-user (Industrial, Telecom, Residential, and Commercial): Global Industry Perspective, Comprehensive Analysis and Forecast, 2017 - 2024

Aug-2018 | Price : $ 4899.00 | Pages: 130 | Report Code: ZMR-3264 | Report Format:

The report covers forecast and analysis for the generator market on a global and regional level and country level. The study provides historical data from 2015 to 2017 along with a forecast from 2018 to 2024 based on both volume (Units) and revenue (USD billion). The study includes drivers and res...Read More

Petroleum Coke Market by Product (Calcined Coke and Fuel Grade Coke), and by End-User (Calcining, Power Plants, Cement Kilns, and Blast Furnace): Global Industry Perspective, Comprehensive Analysis and Forecast, 2017 - 2024

Aug-2018 | Price : $ 4899.00 | Pages: 110 | Report Code: ZMR-3258 | Report Format:

The report covers forecast and analysis for the petroleum coke market on a global and regional level. The study provides historical data from 2015 to 2017 along with a forecast from 2018 to 2024 based on revenue (USD Billion). The study includes drivers and restraints for the petroleum coke market...Read More

Thermal Energy Storage Market by Technology (Sensible Heat Storage, Latent Heat Storage, and Thermo-chemical Storage), by Storage Material (Water, Molten Salt, Phase Change Material (PCM), and Others), and by End-Users (Commercial and Industrial, Utilities, and Residential): Global Industry Perspective, Comprehensive Analysis and Forecast, 2017 – 2024

Aug-2018 | Price : $ 4899.00 | Pages: 110 | Report Code: ZMR-3254 | Report Format:

The report covers forecast and analysis for the thermal energy storage (TES) market on a global and regional level. The study provides historical data from 2015 to 2017 along with a forecast from 2018 to 2024 based on revenue (USD Billion). The study includes drivers and restraints for the thermal...Read More

LNG Bunkering Market by Vessel (Tankers, Container Ships, Bulk & General Cargo Vessels, and Ferries & Offshore Support Vessels), by Product Type (Portable Tanks, Ship-to-Ship, Port-to-Ship, and Truck-to-Ship): Global Industry Perspective, Comprehensive Analysis and Forecast, 2017 - 2024

Aug-2018 | Price : $ 4899.00 | Pages: 110 | Report Code: ZMR-3253 | Report Format:

The report covers forecast and analysis for the LNG bunkering market on a global and regional level. The study provides historical data from 2015 to 2017 along with a forecast from 2018 to 2024 based on revenue (USD Million). The study includes drivers and restraints for the LNG bunkering market a...Read More

Download Brochure
Why Choose Us ?

24/5 Research support

Resolved your research queries from industry expert. Request for a free research sample before report purchase.

Custom research service

Ask the Analyst to customize an exclusive study to serve your research needs.

Quality & Accuracy

Zion Market Research reports offers best quality reports based on various authentic and accurate data findings.

Customer Satisfaction

We ensure that our client's all research needs are met with customized, in-depth analysis solutions.

Information security

We never share your personal and confidential information. Your personal information is safe and secure with us.