Variable Frequency Drive Market Forecasts, Key Company Profiles and Industry Siz

1. Market Synopsis The data analysts at Market Research Future Reports (MRFR) have revealed that the global variable frequency drive market is projected to record a CAGR of 6.3% during the assessment period. The increasing demand for energy-efficient equipment is estimated to drive the global variable frequency drive market 2020. Besides, the growing infrastructure and buildings have resulted in a rise of appliances which will propel the market. Also, the government of various countries are encouraging the usage of energy-efficient equipment which are technically advanced and are low-cost. Furthermore, the benefits of VFD such as low motor starting current, energy savings, easy installations, managing the equipment at several speeds, operations at high power factor, and others are likely to propel the market. Moreover, the increasing industrialization and the rising construction of infrastructure is predicted to play a pivotal role in market expansion. However, the spread of COVID-19 has resulted in a significant change in global market dynamics. Precise research is being conducted on the aftermath of coronavirus on the global variable frequency drive market. Various regions have been adversely affected due to a temporary shut-down of the offices. We will provide an impact analysis report on COVID- 19. Request free sample PDF @ https://www.marketresearchfuture.com/reports/variable- frequency-drive-market-2440 Detailed Regional Analysis The VFD market is anticipated to develop at a remarkable pace through the forecast period due to automation in the power industry and growing infrastructure sector. The Asia Pacific region is likely to control the market for the variable frequency drive. South Korea, China, Japan, India, and Indonesia are the most rapidly rising nations, which are the chief markets for industrial and infrastructure sectors. Industries such as oil & gas, metals, and mining are implementing the drives to lessen the energy consumption and to control the CO2 emission. The Middle East region will trail the Asia Pacific region in the market for variable frequency drive due to the mounting construction industry. In the European region, the developing automotive sector is anticipated to lead the market’s development. Key Players The renowned competitors of the global variable frequency drive market are ABB Ltd. (Switzerland), Siemens AG (Germany), Rockwell Automation, Inc. (U.S.), and Eaton Corporation Plc. (Ireland), Emerson Electric Co. (U.S.), Yaskawa Electric Corporation (Japan), WEG (Brazil), General Electric (U.S.), Hitachi, Ltd. (Japan), Mitsubishi Electric Corporation (Japan), Honeywell International (U.S), Schneider Electric (U.S.), and a few others. Browse Complete Report @ https://www.marketresearchfuture.com/reports/variable- frequency-drive-market-2440 About Market Research Future: Market Research Future (MRFR) is a global market research firm that takes great pleasure in its services, providing a detailed and reliable study of diverse industries and consumers worldwide. MRFR's methodology integrates proprietary information with different data

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