#VariableFrequencyDriveMarket

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Variable Frequency Drive (VFD) Market   research Anticipated to Grow at a Significant Pace by 2016-2026

Variable frequency drive (VFD) has gained paramount importance among process engineers, who constantly seek energy-efficient motor control systems, with an aim of curtailing energy consumption in industrial operations. Considerable growth has been estimated for variable frequency drive market, underpinned mainly by technological advancements that have led to minimization of the VFD’s overall weight.

These insights have been obtained from the report, titled “Variable Frequency Drive (VFD) Market: Global Industry Analysis and Opportunity Assessment (2016-2026),” incorporated recently to XploreMR’s vast repository. Emergence of new applications, coupled with higher performance attributes associated with variable frequency drive that include reduction in electric motor’s operational cost, will continue to drive growth of variable frequency drive market.

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Asia-Pacific excluding Japan (APEJ) has dominated variable frequency drive market over the past couple of years, and its status quo is estimated to persist during the period of forecast. Variable frequency drive sales in APEJ are expected to account for nearly one-third share of the market during 2016 to 2026. Expansion of industrial facilities, and extension of manufacturing capabilities, to meet rising demand, particular in developing countries such as India and China, are key growth driver for variable frequency drive market in APEJ.

Variable Frequency Drive Market: Report Summary

This report provides an in-depth analysis and actionable insights on variable frequency drive market for the forecast period between 2016 and 2026, and offers the market size evaluation in terms of “US$ Mn”. Key factors driving growth of variable frequency drive market, untapped opportunities for players in lucrative regional markets, recent developments and trends shaping the market dynamics, and actionable insights on key market segments included, have been incorporated in the report.

Key growth drivers and restraints for variable frequency drive market are elaborated, coupled with a detailed study on changing trends, in order to deliver clients with exhaustive intelligence for facilitating them in making fact-based decisions for their businesses. Macro- and micro-economic factors that indirectly or directly impact growth of variable frequency drive market have also been encompassed in the report.

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Key section of this report offer comprehensive analysis on the region- & country-wise demand for variable frequency drive, along with new product developments and technological advancements being made by manufacturers. Competitor landscape of variable frequency drive market has also been studied in detail in the concluding section of the report, to offer the readers with a dashboard view of key players operating in variable frequency drive market.

Analysis on the market share of key participants profiled in the report has also been provided. The scope of this report is to offer knowledge on marketing and business expansion strategies, latest developments, and new product offerings by variable frequency drive manufacturers, for enabling clients to take informed steps forward to gain a competitive edge in the market.

Variable Frequency Drive Market: Research Methodology

Comprehensive secondary research has been used for inferring the market volume, and the data procured has then been validated through exhaustive primary interviews conducted with leading industry experts and opinion leaders. Interviews conducted with leading industrialists have been thoroughly analyzed, and the average market volume has been deduced and reconfirmed before incorporating the same in the report.

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Imperative factors that have been considered for arriving at forecast on variable frequency drive market include current size of the market, inputs from supply side and demand side, and various other dynamics that shape the growth of variable frequency drive market. Forecasts on variable frequency drive market have been represented in terms of CAGR, whereas other important aspects such as absolute dollar opportunity and year-on-year (Y-o-Y) growth have been incorporated. Primary objective of the report is to offer clients with a crystal clear view on future opportunities, concerning developmental growth in variable frequency drive market.

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Variable Frequency Drive Market Size Worth $33.10 Billion by 2025

The global variable frequency drive (VFD) market size is expected to reach USD 33.10 billion by 2025, according to a study conducted by Grand View Research, Inc., posting a CAGR of 6.7% during the forecast period. Growing awareness and demand for energy efficiency, favorable government norms and regulations, and rising technological advancements are likely to provide a fillip to the market. Integration of VFDs with electric drives enable end-users to control the speed and torque of drives. It thereby, helps in increasing their operating efficiency and concurrently reducing the energy consumption.

A large number of VFD manufacturers such as ABB, Ltd., Danfoss Global, Siemens AG, and Schneider Electric SE are developing differentiated products on the basis of functionalities, along with integrated sensors, to maintain their strong foothold in this price sensitive arena. Asia Pacific is projected to dominate the market during the forecast period due to improving economic conditions and rapid industrialization. Additionally, increasing commercial activities are augmenting the market in the region.

Stringent government regulations mandating the use of energy efficient devices, along with increasing energy prices, are also encouraging deployment of VFDs across multiple market domains. Additionally, rising investments in promoting energy efficiency are escalating the growth of the variable frequency drive market.

To request a sample copy or view summary of this report, click the link below: https://www.grandviewresearch.com/industry-analysis/variable-frequency-speed-drives-vfd-vsd-market

Further key findings from the study suggest:

AC VFDs     offer easy integration and low maintenance cost. Therefore, the segment is     expected to emerge as the leading as well as the fastest growing segment     over the forecast period

Demand for     VFDs is estimated to increase in the pumps application segment owing to     increasing penetration of these drives in hydraulic operations across the     oil & gas and wastewater industries.

Latin     America is anticipated to be the fastest-growing region over the forecast     period due to spiraling adoption of VFDs across emerging industrial     sectors in the region

Some of the     prominent industry players are ABB, Ltd.; Siemens AG; Schneider Electric     SE; Rockwell Automation; Inc.; Danfoss Global; and WEG.

See More Reports of This Category: https://www.grandviewresearch.com/industry/electronic-devices

About Grand View Research:

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.