Variable Frequency Drive Market Estimated To Mark A Highest CAGR Of 6.7% From 2017 To 2025: Grand View Research Inc.

Posted on
by

“Grand View Research, Inc. – Market Research And Consulting.”
According to report published by Grand View Research, Growing awareness and demand for energy efficiency, favorable government norms and regulations, and rising technological advancements are likely to provide a fillip to the variable frequency drive market. Integration of VFDs with electric drives enable end-users to control the speed and torque of drives.

According to a new report,“Variable Frequency Drive (VFD) Market Size, Share & Trends Analysis Report By Product (AC, DC, Servo), By Power Range (Micro, Low, Medium, High), By Application (Pumps, HVAC, Conveyers), By End-Use, And Segment Forecasts, 2018 – 2025”, published by Grand View Research, Inc., the global variable frequency drive (VFD) market size is expected to reach USD 33.10 billion by 2025, 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.

Key Takeaways from the report:

  • 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.

China variable frequency drive market size, by application, 2014-2025 (USD Million)

Browse More Reports in Electronic Devices Industry:

  • Printed Electronics Market: The surging demand for the flexible electronics at low manufacturing costs and the need for eco-friendly technologies is paving the way for increased adoption of the technology. Additionally, the increasing penetration of IoT worldwide is proving to be a prime factor in pulling the printed electronics market over the forecast period.
  • Earphones And Headphones Market: The increasing adoption of earphones/headphones during a workout is primarily expected to drive the earphones & headphones market growth over the coming years. Customers use headphones at their workplaces to enjoy music and other audio content on mobile devices.

Global variable frequency drive market share, by product, 2016 (%)

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.

Grand View Research has segmented the global variable frequency drive market based on product type, power range, application, end-use, and region:

Variable Frequency Drive Product Type Outlook (Revenue, USD Million, 2014 – 2025)

  • AC Drives

  • DC Drives

  • Servo Drives

Variable Frequency Drive Power Range Outlook (Revenue, USD Million, 2014 – 2025)

  • Micro

  • Low

  • Medium

  • High

Variable Frequency Drive Application Outlook (Revenue, USD Million, 2014 – 2025)

  • Pumps

  • Electric Fans

  • Conveyors

  • HVAC

  • Extruders

  • Others

Variable Frequency Drive End-Use Outlook (Revenue, USD Million, 2014 – 2025)

  • Oil & Gas

  • Power Generation

  • Industrial

  • Infrastructure

  • Automotive

  • Food & Beverages

  • Others

Variable Frequency Drive Regional Outlook (Revenue, USD Million, 2014 – 2025)

  • North America

    • U.S.

    • Canada

  • Europe

    • U.K.

    • Germany

  • Asia Pacific

    • China

    • Japan

    • India

    • South Korea

  • Latin America

    • Brazil

    • Mexico

  • MEA

Explore the BI enabled intuitive market research database, Navigate with Grand View Compass, by Grand View Research, Inc.

About Grand View Research

Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.

For more information: www.grandviewresearch.com

Media Contact
Company Name: Grand View Research, Inc.
Contact Person: Sherry James, Corporate Sales Specialist – U.S.A.
Email: Send Email
Phone: 1-415-349-0058, Toll Free: 1-888-202-9519
Address:201, Spear Street, 1100
City: San Francisco
State: California
Country: Switzerland
Website: www.grandviewresearch.com/industry-analysis/variable-frequency-speed-drives-vfd-vsd-market