|
Home | Submit Press Release | Advertise | Submit Website
(Hosting-NewsWire.com, January 05, 2016 ) Global Variable Frequency Drive Market 2016-2020 Size and Share Published in 2015-12-23 Available for US$ 2500 at Researchmoz.us
Description Technavios market research analyst predicts the global variable frequency drives (VFD) market to grow steadily at a CAGR of nearly 8% by 2020. The need for manufacturers to optimize their manufacturing processes and cut operational costs by reducing energy consumption is the primary growth driver for this market. The prospects for growth in this market are impelled by the growing preference for electric motors in household appliances, automobiles, aerospace, industrial, and other transportation equipment over mechanical and hydraulic motors.
In terms of geography, the APAC region will be the largest market for VFDs during the predicted period. The growth of the chemical processing and manufacturing industries coupled with the significant growth of other industries like power, infrastructure, automobile production, and hydrocarbons will result in this regions impressive market share of more than 56% by 2020.
Product-based segmentation of the VFD market AC DC Servo
The AC drives segment currently dominates the market and is envisaged to further enhance its hold over the market by 2020 owing to its extensive utilization in all types of industries and induction motors to achieve multiple speeds of operation. Moreover, its augmented usage in heavy industries, such as metals and mining, oil and gas, cement, paper, power generation, wind energy, water and wastewater, and marine, will result in its massive market share of more than 84% by 2020.
Segmentation by voltage type and analysis of the VFD market Low voltage Medium voltage In this market study, analysts estimate the low voltage VFD segment to account for more than 81% of the total market share by 2020. Since these drives have high flexibility, they can be configured to meet the precise requirements of industrial applications. Rapid development in the infrastructure and manufacturing sectors will lead to the healthy growth of this market segment during the predicted period.
Download Sample of this Report at: http://www.researchmoz.us/enquiry.php?type=S&repid=499755
Competitive landscape and key vendors The global variable frequency drives market is highly fragmented because of the presence of numerous small and large suppliers. The providers in this market compete on the basis of price, quality, and value-added services to gain maximum market traction during the forecast period.
Key vendors in the market are - ABB Siemens Toshiba Yaskawa Other prominent vendors in the market include American Electric Technologies, Amtech Electronics India, Emerson, Fuji Electric, Hiconics Drive Technology, Hitachi, Honeywell, Johnson Controls, Mitsubishi Electric, DELTA, and Schneider Electric.
Key questions answered in the report include What will the market size and the growth rate be in 2020? What are the key factors driving the global variable frequency drives market? What are the key market trends impacting the growth of the variable frequency drives market? What are the challenges to market growth? Who are the key vendors in this market space? What are the market opportunities and threats faced by the vendors in the global variable frequency drives market? Trending factors influencing the market shares of the Americas, APAC, and EMEA? What are the key outcomes of the five forces analysis of the variable frequency drives market? Technavio also offers customization on reports based on specific client requirement.
Related reports: Global ACDrivesMarket 2015-2019 Global DCDrivesMarket - Market Analysis 2015-2019 Global ElectricDrivesMarket 2015-2019 Global ChainDrivesMarket 2015-2019
Make an Enquiry: http://www.researchmoz.us/enquiry.php?type=E&repid=499755
Table of Content PART 01: Executive summary Highlights PART 02: Scope of the report Market overview Top vendor offerings PART 03: Market research methodology Research methodology Economic indicators PART 04: Introduction Key market highlights PART 05: Market landscape Market overview Market size and forecast Five forces analysis PART 06: Market segmentation by voltage range Global VFD market by voltage range Global low voltage VFD market Global medium voltage VFD market
Browse All Machinery Market Research Reports at http://www.researchmoz.us/machinery-market-reports-169.html
About ResearchMoz ResearchMoz is the world’s fastest growing collection of market research reports worldwide. Our database is composed of current market studies from over 100 featured publishers worldwide. Our market research databases integrate statistics with analysis from global, regional, country and company perspectives.
Contact Us: ResearchMoz Mr. Nachiket Ghumare, +1-518-621-2074 USA-Canada Toll Free: 866-997-4948 sales@researchmoz.us <||>rnhttp://www.researchmoz.us/ For More Report Click Here @ http://www.prweb.com/search.aspx?search-releases=researchmoz&hitsPerPage=20
Researchmoz Global Pvt.Ltd
Researchmoz
+1-518-621-2074
sales@researchmoz.us
Source: EmailWire.Com
Source: EmailWire.com
Submit press release on hosting | Submit your hosting website
|
|