Transparency Market Research has released a new market report titled Variable Frequency Drives Market - Global Industry Analysis, Size, Share, Growth Trends And Forecast, 2014 - 2020.

The report defines and segments the variable frequency drives market, providing analysis and forecast of the global revenue. According to the report, 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.

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

The variable frequency drives market includes two types of products: low voltage and medium voltage. Low voltage drives currently occupy the major share in the global variable frequency drives market. Growing infrastructure and manufacturing sectors are expected to be major growth drivers for the low voltage VFD market. Apart from saving energy, low voltage VFDs also provides additional benefits to various operations across industries. Some of these benefits include minimized maintenance requirements, improved process control performance, and enhanced motor and equipment life.

Growth in market share of servo VFDs is expected to be the highest. However, the market shares of both AC and DC VFDs are likely to contract in the near future. Applications of robotics in industrial processes are high. Servo drives are useful for monitoring and controlling robotic movements for a particular operation. Rapidly growing market for electric vehicles is also expected to further boost the demand for servo VFDs. Both the chemical processing and petrochemical industries are likely to exhibit a significant growth in demand for low power AC drives in the near future.

The market for variable frequency drives (VFD) has been segmented on the basis of end-user applications into manufacturing, chemical processing, infrastructural development, oil & gas, automotive, power generation and others. The manufacturing sector was the largest consumer of variable frequency drives globally in 2013. The sector’s market share is expected to further increase 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 the downturn.

The global market for variable frequency drives (VFD) has been segmented into four regions: the Americas, Asia Pacific, Europe, and Middle East and Africa. The America’s region has been further sub-segmented into North America and South America. A similar approach has been taken for Asia Pacific, wherein the region has been sub-segmented into China and the Rest of Asia Pacific. Asia Pacific dominated the global market for VFDs in 2013. The region’s market share is further anticipated to increase by 2020. Rapid development of the manufacturing and chemical processing industries in the emerging economies of India and China would play a major role in the rising demand for VFDs in Asia Pacific. Significant growth in the other industries in Asia Pacific such as power, infrastructure, hydrocarbons, and automobile manufacturing is expected to fuel the demand of VFDs throughout the forecast period.

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

The Middle East and Asia Pacific have highly developed manufacturing sectors from both an economic and technological perspective. As infrastructure development and manufacturing activities in these regions increase, demand for VFDs is also expected to rise at constant rates.

Companies such as Abb Ltd., Siemens AG, Schneider Electric Industries S.A.S., Crompton Greaves Ltd., Eaton Corporation, Emerson Industrial Automation, Fuji Electric Co., Ltd., Mitsubishi Electric Corporation and Vacon PLC are expected to dominate the market in the near future.



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 (MEA)


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