Report Code: A04106 | Nov 2023 | Pages: NA | ||
Tables: NA | Charts: NA |
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Request Now !Variable frequency drives (VDF) are capable of converting basic fixed frequency into variable frequency resulting in enhanced motor control. The use of variable frequency drives facilitates in power savings, efficient flow control, and cost savings. Moreover, VDF equipment is far more reliable compared to the traditional mechanical approaches and the frequency variations have larger scope of application in various end-user industries.
Rise in need for energy efficiency and cost savings is expected to drive the growth of the market. Further, rapid urbanization and industrialization is also anticipated to fuel the demand of VDF equipment during forecast period. However, the lack of application of VDF in pumping the fluids is expected to hinder the growth of the market.
The global variable frequency drives market is segmented based on application, end-user industry, and geography. By application, the market is divided into compressors, motors, fans, extruders, and others. By end-user industry, the market is classified into automotive, electronics, power generation, oil & gas, and others. Based on region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Key players profiled in the report include ABB, Hitachi, Honeywell, Mitsubishi Electric, Omron, Panasonic, Schneider Electronics, Siemens, Toshiba, and Yaskawa.
Key Benefits
Variable Frequencies Drives Market Report Highlights
Aspects | Details |
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By Type |
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By APPLICATION |
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By End User Industry |
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By Geography |
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Key Market Players | MITSUBISHI ELECTIRC, ABB, SIEMENS, HITACHI, TOSHIBA, OMRON, SCHNEIDER ELECTONICS, PANASONIC, HONEYWELL, YASKAWA |
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