The global variable frequency drive market size was valued at more than USD 22 billion and expected to register a significant CAGR over 6.2% during the forecast period 2020 to 2026. The increasing rate of urbanization and industrialization is increasing consumer demand, which will result in the growth of industrial and manufacturing sectors, leading to increased demand for VFDs in the forecast period. The market is segmented on the basis of product type, power range, application, end-use, and region. In the application segment, HVAC is expected to register the highest CAGR around 8% during the forecast period.

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The report provides both, qualitative and quantitative analyses of the market, the competitive landscape, and the preferred development strategies of key players which help to formulate competitive market strategies and make informed decisions. In addition, the report has a dedicated section covering market forecasts and analysis for leading geographies, profiles of major companies operating in the market and expert opinion obtained from interviews with industry executives and experts from prominent companies.

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According to Research Corridor, this study will provide in-depth analysis of segments on the basis of current trends, market dynamics and country level analysis of variable frequency drives industry. This report provides market estimates and forecast for the period 2018-2027, along with respective CAGRs for each segment and regional distribution for the period 2020-2027. In depth analysis of competitive landscape, porter's five forces model, value chain analysis, and pricing strategies are also covered in the report scope.

Historical & Forecast Period

2018 - Historical Year for variable frequency drives Market
2019 - Base Year for variable frequency drives Market
2020-2027 - Forecast Period for variable frequency drives Market

The variable frequency drives market report offers a primary overview of the variable frequency drives industry covering different product definitions, classifications, and participants in the industry chain structure. The quantitative and qualitative analysis is provided for the global market considering competitive landscape, development trends, and key critical success factors (CSFs) prevailing in the variable frequency drives industry.

Variable Frequency Drives Market Segmentation:

By Product Type:

AC Drives
DC Drives
Servo Drives

By Power Range:

Micro
Low
Medium
High

By Application:

Pumps
Electric Fans
Conveyors
HVAC
Extruders
Others

By End-Use:

Oil & Gas
Power Generation
Industrial
Infrastructure
Automotive
Food & Beverages
Others

List of Key Companies:

General Electric
Hitachi, Ltd.
Rockwell Automation, Inc.
Schneider Electric
Siemens AG
The Danfoss Group

Geographic Coverage:

North America
Europe
Asia-Pacific
Rest of The World

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