The leading players in the variable frequency market include ABB Ltd (Switzerland), Siemens AG (Germany), Schneider Electric (France), Danfoss (Denmark), Rockwell Automation, Inc. (U.S.), and WEG (Brazil).
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Variable Frequency Drive Market by type 2017-2021 by new Service spreads across 177 pages profiling 16 companies and supported with 76 tables and 54 figures available at reportsnreports
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“The variable frequency drive market is projected to grow at a CAGR of 5.94% from 2016 to 2021”
The variable frequency drive (VFD) market is projected to reach USD 24.8 billion by 2021, at a CAGR of 5.94% from 2016 to 2021. VFD are used in infrastructural activities which include commercial buildings such as hospitals, and educational institutions.
Increasing urbanization and industrialization in developing countries such as India, growing need for energy efficiency, reduction in operating costs of any energy intensive industry, regulations on energy efficiency, growing trend of industrial automation, and regulations to ensure efficiency are expected to drive the variable frequency drive market.
“The AC drives segment is expected to grow at the highest CAGR from 2016 to 2021”
Based on segment, AC drives are expected to constitute the fastest growing market from 2016 to 2021.
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AC drives are witnessing an increase in demand, as they are more efficient, requires less maintenance as compared to dc drives. Therefore, the AC drive segment has higher market share than the DC drive segment.
Variable Frequency Drives Market, By Type
- AC Drives
- DC Drives
- Servo Drives
Variable Frequecy Drives Market, By Power Range
- Micro Power Drives
- Low Power Drives
- Medium Power Drives
- High Power Drives
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Fundamentals of Table of Content:
9 Variable Frequency Drives Market, By Application
13 Company Profiles
(Overview, Products and Services, Financials, Strategy & Development)*
13.1 ABB Ltd.
13.2 Siemens AG
13.3 Schneider Electric Se
13.5 Rockwell Automation
13.6 WEG SA
13.7 Yaskawa Electric Corporation
13.8 Eaton Corporation
13.9 General Electric
13.10 Emerson Electric Co.
13.11 Hitachi Limited
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*Details on Overview, Products and Services, Financials, Strategy & Development Might Not Be Captured in Case of Unlisted Companies.