Global Variable Frequency Drive Market at a CAGR of 5.64 % Growth, Trends and Absolute Opportunity up to 2026

This Variable Frequency Drive Market report has been prepared with the thorough market analysis carried out by a team of industry experts, dynamic analysts, skillful forecasters and well-informed researchers. This market research report is very crucial in several ways for business growth and to thrive in the market. Competitive analysis is the major feature of any market research report, and hence Variable Frequency Drive Market report covers many points including strategic profiling of key players in the market, analyse core competencies of key players, and draw a competitive landscape for the Semiconductor and Electronics industry. This market report gives an edge to compete and to outdo the competition.

Global variable frequency drive market is set to witness a substantial CAGR of 5.64% in the forecast period of 2019- 2026. The report contains data of the base year 2018 and historic year 2017.

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Market Definition: Global Variable Frequency Drive Market

Variable frequency drive is a kind of a motor controller whose main function is to drive the electric motor by managing the voltage and frequency which is provided to the electric motor. Ac drives, Dc drives and servo drives are some of the common types of the variable frequency drive. They are mainly used so that the mechanical stress on the machines can be reduces which will eventually increases their shelf life. These VFD are widely used in applications such as fans, compressors, conveyers and others. The benefit of the VFD is that it improve the performance of the machine and is energy saving.

Market Drivers:

  • Rising demand of VFD from various end user will drive market growth
  • Increasing need for energy efficiency will also propel growth of the market
  • Growing prevalence for process optimization will also accelerate the market growth
  • Increasing urbanization and industrialization has led to increasing demand for infrastructure; which is also driving the market growth
  • Technological advancement and development will also drive the market growth

Market Restraints:

  • Increasing concern associated with cybersecurity will restrain market growth
  • High investment cost will also hamper the growth of this market
  • Lack of skilled and trained labour will also hindering the market growth
  • Complexity associated with the technical irregularities and heating problem will also restrict the growth of this market

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Segmentation: Global Variable Frequency Drive Market

By Type

  • Ac Drives
  • Dc Drives
  • Servo Drives

By Voltage

  • Low Voltage (Up to 690 V)
  • Medium Voltage (> 690 V)

By Application

  • Pumps
  • Fans
  • Compressors
  • Conveyers
  • Others

By Power Range

  • Micro Power Drives
  • Low Power Drives
  • Medium Power Drives
  • High Power Drives

By End- User

  • Industrial
  • Infrastructure
  • Power Generation
  • Oil &Gas

Key Developments in the Market:

  • In July 2018, Unitronics announced the launch of their new range of Variable Frequency Drives so that they can meet the rising demand of the customer for the better motion and motor control solutions. The main aim of the launch is to help the customer so that they can get PLCs, HMI and VFD all by a single supplier
  • In April 2016, Schneider Electric announced the launch of their new Altivar 320 Machine Drive which is specially designed so that it can provide simplicity, reliability and other features to the customers. This new device has the ability to provide better performance at less time with lower machine costs. This Altivar 320 meet the demand of machine from 0.25Hp to 20Hp

Competitive Analysis

Global variable frequency drive market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of variable frequency drive market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

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About Data Bridge Market Research 14352 Articles
Hi, I am Ravi Kumar, a Blogger, Freelancer, SEO Consultant, an Internet Marketer, I am a research analyst who loves to evaluate data relating to Manufacturing industry, Management of companies and enterprises, Finance and insurance, Wholesale trade, Management, scientific, and technical consulting services

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