Variable Frequency Drives Market is expected to reach USD 24,703.4 Million by 2020


Posted March 18, 2015 by john55364

the global variable frequency drives market was valued at USD 15,489.0 million in 2013 and is likely to reach USD 24,703.4 million by 2020, expanding at a CAGR of 7.0% between 2014 and 2020.

 
The variable frequency drives market report by Transparency Market Research provides in-depth analysis of the global variable frequency drive industry. The report divides the market on the basis of voltage range, type, end-user and geography. It also provides the forecast and estimates for each type, range, end-use application and region. The report analyzes demand and supply characteristics of the market by providing detailed forecast and analysis of revenue for the period 2014 – 2020.

Browse the full Variable Frequency Drives Market report at http://www.transparencymarketresearch.com/variable-frequency-drives-market.html

The variable frequency drives market primarily includes two types of products: low voltage and medium voltage. 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 2013. The share of the manufacturing sector is expected to further increase to 30.7% by 2020. The manufacturing sector has recently entered into a slowdown in the South American countries, while the economies of Western Europe are still recovering from their recent economic downturn.

Both the Middle East and Asia Pacific have highly developed manufacturing sectors from both economic and technical viewpoints. As infrastructure development and manufacturing activities in these regions increase, the demand for VFDs is also expected to grow at constant rates throughout the forecast period. Both the chemical processing and petrochemical industries are likely to exhibit significant growth in demand for low power AC drives in the near future.

The report includes geographical regions such as Americas, Asia Pacific, Europe and Middle East and Africa. Every region has been further bifurcated on the basis of the product segment. Revenue forecasts and estimates for each product segment have been provided for the period 2014 – 2020.

The report also provides detailed analysis and revenue of companies such as ABB Ltd., Siemens AG, Schneider Electric Industries S.A.S., Crompton Greaves Ltd. Danfoss VLT Drives, Eaton Corporation, Emerson Industrial Automation, Fuji Electric Co., Ltd., Mitsubishi Electric Corporation and Vacon PLC.

Browse the full Variable Frequency Drives Market Press Release report at
http://www.transparencymarketresearch.com/pressrelease/variable-frequency-drives-market.htm

With the help of Porter’s Five Forces analysis, the report provides a detailed analysis of the various factors influencing the variable frequency drives market. The analysis also helps to understand the degree of competition prevalent in the market. Furthermore, the report analyzes the value chain and the various drivers and restraints of the global variable frequency drive market.

Global Variable Frequency Drive (VFD) Market: Voltage Range Analysis

Low Voltage
Medium Voltage

Global Variable Frequency Drive (VFD) Market: Type Analysis

AC
DC
Servo

Global Variable Frequency Drive (VFD) Market: End-Use Application Analysis

Manufacturing
Chemical Processing
Infrastructure Development
Oil and Gas
Automotive
Power Generation
Others

Global Variable Frequency Drive (VFD) Market: Regional Analysis

Americas
North America
South America

Europe
Asia Pacific
China
Rest of Asia Pacific

Middle East and Africa


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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insights to decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

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Last Updated March 18, 2015