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Variable Frequency Drive Market: Global Forecast until 2021

  • February 2017
  • 173 pages
  • ID: 5201339
In this report:
The low voltage segment is expected to hold the largest share of the power generation end-user market, by voltage, with an estimated size of USD ##,##.## million in 2016 and is projected to grow at a CAGR of ##.##% during the forecast period to reach USD ##,##.## million by 2021, while the medium voltage segment is projected to grow at a CAGR of ##.##% to reach USD ##.## million by 2021.
In 2013, Argentina's total primary production was ##.## quadrillion Btu, and its natural gas production, which is widely used in the industrial and residential sectors, accounted for ##% of the total energy production.

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The variable frequency drive market is estimated to rise at a compound annual growth rate of ~5.9 percent from 2016 to 2021

The variable frequency drive market is estimated to grow $24.80B by 2021, at a compound annual growth rate of ~5.9 percent from 2016 to 2021. VFD are used in infrastructural activities which include commercial buildings including hospitals, and educational institutions. Growing urbanization and industrialization in developing countries including India, increasing need for energy efficiency, reduction in operating costs of any energy intensive sector, regulations on energy efficiency, increasing trend of industrial automation, and regulations to assure efficiency are forecast to steer the variable frequency drive market.

The AC drives segment is anticipated to rise at the highest compound annual growth rate (CAGR) from 2016 to 2021

Established on segment, AC drives are anticipated to constitute the quickest increasing sector from 2016 to 2021. AC drives are witnessing a rise in demand, as they are more efficient, requires less maintenance as distinguished to dc drives. Accordingly, the AC drive segment has higher market share than the DC drive segment.

Variable frequency drives in the low voltage segment is anticipated to grow at the quickest Compound annual growth rate from 2016 to 2021

With regard to voltage, the low voltage segment is forecasted to grow at the quickest Compound annual growth rate. The industry demand from industries including utilities, petrochemicals, water & wastewater, metals & mining, and cement, would drive the low voltage drives market. The low voltage drives are generally employed in applications including pumps, compressors, conveyors, crushers & mills, fans, and kiln applications.

Asia-Pac: The biggest market for variable frequency drives

Asia Pacific (APAC) is currently the biggest market for VFD, closely followed by Europe (EU). The Asian market is primarily influenced by countries including China (CN), India (IN), Japan (JP), Australia (AU), Indonesia (ID), and South Korea (KR). China (CN) is forecasted to dominate the variable frequency drives market, succeeded by Japan (JP) and India (IN). Urbanization and industrialization will drive the APAC market during the outlook period.

Key players' distribution profiles:

Comprehensive interviews have been managed with several key industry participants, subject matter experts, C-suite executives of key industry players, and industry consultants, among other experts, to verify and obtain critical qualitative and quantitative info, as well as to evaluate future industry prospects. The classification of primaries interviews is like:

By Company Type: Tier 1 60.0 percent, Tier 2 27.0 percent, Tier 3 13.0 percent

By Designation: C-Level- 35.0 percent, Manager-Level- 25.0 percent, Others- 40.0 percent

By area: Americas- 40.0 percent, Europe- 19.0 percent, Asia-pac- 17%, Middle East- 15.0 percent, and Africa- 9.0 percent

Note: The 1/3 of the companies, the tiers of the corporations has been defined based on their full revenue; as of 2015: Tier 1 = >USD 20 billion, Tier 2 = $10.0B to $20.0B, and Tier 3 =

The key players in the variable frequency market contain ABB Ltd, Siemens (SIA), Schneider Electric (SU), Danfoss, Rockwell Automation (NYSE:ROK), and WEG.

Segment Research

From an insight prospect, this market research has emphasized several levels of analysis - industry, market share research of top players, supply chain research, and company descriptions, which together comprise and examine the basic overviews on the competitive landscape; coming out and high-growth segments of the variable frequency drive market; high-growth areas; and sector drivers, market restraints, and alternatives.

This study furnishes highlights on the following points:

• Market Uptake: Exhaustive data on equipment provided by the top actors in the overall variable frequency drive market

• Product Development/Innovative products: In-depth understanding on up-on-coming technologies, analysis & growth activities, and recent product launches in the variable frequency drive market

• Market Development: Highlighted information about profitable emerging sectors - the market research examines the industries for variable frequency drive across localities

• industry diversification: Complete information about recent products, untapped sectors, recent evolutions, and market investments in the overall variable frequency drive market

• opposing assessment: Detailed assessment of market shares, strategies, products, and manufacturing competences of the key players in the overall variable frequency drive market

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