The global Variable Frequency Drive market was valued at US$ 18 million in 2020 and it is expected to reach US$ 24 million by the end of 2027, growing at a CAGR of 3.3% during 2021-2027.
Variable Frequency Drive is a type of adjustable-speed drive used in electro-mechanical drive systems to control AC motor speed and torque by varying motor input frequency and voltage.
Global Variable Frequency Drive Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Variable Frequency Drive Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027.
Key Companies profiled in this report are ABB, Siemens, Schneider Electric, Danfoss, Rockwell Automation, Crompton Greaves, Eaton, Fuji Electric, Hitachi, Nidec, Tmeic, Weg, Yaskawa and more in terms of market share by sales, revenue, average pricing, product type, margins, recent developments etc.
Segment by Type
- AC Drives
- DC Drives
- Servo Drives
Segment by Application
- Oil & Gas
- Power Generation
Table of Content:
1 Variable Frequency Drive Market Overview
2 Variable Frequency Drive Market Competition by Manufacturers
3 Variable Frequency Drive Retrospective Market Scenario by Region
4 Global Variable Frequency Drive Historic Market Analysis by Type
5 Global Variable Frequency Drive Historic Market Analysis by Application
6 Key Companies Profiled
7 Variable Frequency Drive Manufacturing Cost Analysis
8 Marketing Channel, Distributors and Customers
9 Variable Frequency Drive Market Dynamics
10 Global Variable Frequency Drive Market Forecast
11 Research Finding and Conclusion
12 Methodology and Data Source
13 Forecast by Type and by Application (2022-2027)
14 Research Finding and Conclusion
15 Methodology and Data Source
Company Name: The Market Reports
Contact Person: Shirish Gupta