Download
1 / 6
60 likes | 72 Views
The global variable frequency drive (VFD) market is projected to reach USD 28.6 billion by 2024, at a CAGR of 5.3% during the forecast period. This can be attributed to the advantages it offers such as, reduce energy consumption and reduce energy costs, increase production through tight process control, extend equipment life, reduce maintenance, and others. Variable frequency drive is a kind of motor controller which drives an electric motor by varying the voltage and frequency supplied to the electric motor. It is also known as adjustable speed drive, variable speed drive, and AC drive.
E N D
About VynZ Research… • VynZ Research is a global market research firm offering research, analytics, and consulting services on business strategies. We have a recognized trajectory record and our research database is used by many renowned companies and institutions in the world to strategize and revolutionize business opportunities. The company focuses on providing valuable insights on various technology verticals such as Chemicals, Automotive, Transportation, Energy, Consumer Durables, Healthcare, ICT and other emerging technologies. • VynZ Research has one of the most qualified & experienced analysts, who are constantly tracking the markets and the technologies. The research team has years of proven experience and wide knowledge & understanding of the technology, application, business models, and regulators of the segments and the value chain involved. • A trusted & proven methodology that involves highest quality of primary research, secondary analysis collated & verified through various sources including cross checking with different industry experts. • Serving wide range of customers most of them from Fortune 2000 companies • With a dedicated 24x7 customer helpline our customers can reach for specifying their needs • Developing long term relationship with the clients and satisfying them is one of the crucial notches of the company. VynZ Research aims at gaining and retaining its clients in order to make long term customer relationship.
Variable Frequency Drive Market The global variable frequency drive (VFD) market is predicted to grow at 5.3% CAGR during the forecast period with the market size reaching USD 28.6 billion by 2024. The market is driven by the factors such as increasing demand for energy efficient systems, large application area, and favorable government regulations promoting environment friendly systems. Variable frequency drive reduces reduce energy consumption and energy costs; increases production during tight process control; extends life of equipment and also helps to decrease the maintenance cost of the devices. This leads to high traction for these drives in the global market.
Variable Frequency Drive Market Asia-Pacific accounted for the major share in the variable frequency drive industry in 2017, and it is expected to witness the fastest growth in demand for these drives due to the growing investment in the manufacturing sector, large consumer base, increasing initiatives taken by governments to encourage the manufacturing and usage of energy efficient systems.
Variable Frequency Drive Market Key players offering products in the variable frequency drive industry are ABB Group, Fuji Electric Co. Ltd., Eaton Corporation plc, Crompton Greaves Ltd., Danfoss Group, Schneider Electric SE, Rockwell Automation Inc., Siemens AG, and Nidec Corporation.
For Sample Report :- https://www.vynzresearch.com/energy-power/variable-frequency-drive-market/request-sample www.vynzresearch.com
