Global Variable Frequency Drive Market Size is estimated to expand rapidly in coming years, at a CAGR of 6.5 % from 2018 to 2025. In 2017, the global market valuation was USD 20.6 billion, and it is anticipated to be greater than USD xx.xx billion by 2025. This growth can be ascribed to the enhanced use of variable frequency drive across significant sector market segments, fast urbanization and population growth, as well as enhanced investment in infrastructure development, and changing focus on energy efficiency. Before the utilization of VFDs for pump applications, the stream was controlled through valves by expanding framework weight. This methodology unfavorably influenced siphon effectiveness. The innovation fusing variable recurrence crashes into siphon frameworks has accomplished wanted stream by working siphon engine at variable paces, in this manner bringing about decreased vitality utilization. Geographically, Asia Pacific held the largest share in the global market of variable frequency drive market.

Global Market Growth Opportunities (Revenue, Growth) By 2017-2025

This global market study report analysis offers in-depth insights, revenue details, and other vital information regarding the global variable frequency drive market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2025. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global variable frequency drive market report has been segmented on the basis of type, application, and region. It includes the estimation of the market size, in terms of value, with respect to 4 main geographies, namely, North America, Europe, APAC, and RoW.

Segment Analysis

By Power Insights: On the basis of power, global variable frequency drive market has been segmented into micro, low, medium, high. Among which the low power segment has accounted for largest share in the global market of variable frequency drive. This can be ascribed to implementations such as metals and mining, power generation, pumps, and conveyors.

By Product Insights: On the basis of product, global variable frequency drive market has been segmented into AC drives, DC drives, servo drives. The section of AC drives is likely to arise as the fastest increasing segment in the variable frequency drive industry over the current period. This is due to its extensive deployment in almost all types of industry.

By End-Use Insights: On the basis of end-use, global variable frequency drive market has been segmented into oil & gas, power generation, industrial, infrastructure, automotive, food & beverages, and others. In enterprises, for example, oil and gas and wastewater, water-powered drives incorporated with siphons are being supplanted by factor recurrence drives, so as to bring down vitality utilization and at the same time smoothen tasks of engines. This is evaluated to infiltrate into other siphon applications also over the figure time frame, along these lines heightening the development of the market. In addition, headways in innovation, for example, joining of sensors in VFDs are foreseen to help enterprises, for example, nourishment and drinks and mash and paper improve the operational experience.

Regional Analysis

The variable-frequency drive market is divided into regions that are North America - U.S, Canada, Other; Asia-Pacific -India, Japan, China, Australia, Other; Europe - UK, Russia, France, Brazil, Other; Middle East and Africa. Every region analysis details in sense of growth, revenue, volume, challenges, and opportunities with the regional and global key players. In terms of region, the Asia Pacific region is expected to witness high growth in the market in forecast period. The development of the district is sponsored by unmistakable rising economies, wherein governments and different associations are putting intensely in vitality effective gadgets.

The North America area is anticipated to see greater growth possibilities owing to increased legislation and law enforcement related to the use of energy-efficient appliances. Europe is anticipated to dominate the global variable frequency drive market over the projected period. In the Europe locale, ventures made by the legislature, alongside laws under EU guidelines, are supporting the development of the market

Global Variable Frequency Drive Market Size, Share Analysis by Region 2017

Global Variable Frequency Drive Market Study Objective

1. To forecast the market size of variable frequency drive market, along with describing and defining the market, in terms of volume and revenue as well as market opportunities for stakeholders, in order to provide a competitive landscape for global market players.

2. Market analysis and forecast of variable frequency drive market on the basis of region, substrate, and application or end-use industry. To profile major market players, and to analyze their market shares and essential competencies comprehensively.

3. To analyze and elaborate significant factors that will have a major impact on the growth of variable frequency drive market, such as drivers, restraints, challenges, and opportunities.

4. The regional analysis of variable frequency drive market, to induce market size of five global major regions, which include, Europe, North America, South America, Middle East & Africa, and the Asia Pacific.

5. Strategic analysis of micro-markets, in terms of individual prospects, opportunities, growth trends and their involvement in the overall market.

6. To provide detailed analysis of competitive and strategic developments in the variable frequency drive market like a new product launch, partnership & agreement, investment & expansion, and company merger & acquisitions.

Key Players Landscape

ABB, Ltd., Siemens AG, Schneider Electric SE, Rockwell Automation Inc., Eaton Corporation, Danfoss Global, WEG, General Electric Company, Hitachi Ltd., and Yaskawa Electric Corporation are some of the key players in the market of variable frequency drive.

Global Variable Frequency Drive Market Study Report Offer You!

The global variable frequency drive market study report gives an idea about market size, share, stock, equity, investment and total price analysis. Also, the report provides comprehensively industry insights with all major factors such as market credit, allocation, demand, distribution, market scope, key players, end-user & applications, provisions, livestock, commodities and industry economics analysis, future growth & forecast. The global market report includes all depth data like pre-market emphasis, market survey, market investment, industry advice, portfolio, finance, access, trade, market exploration, industry review and market predication & projection to develop effective strategies for optimizing their market position.