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Variable Frequency Drive Market

The variable frequency drive market was valued at approximately USD 22.5 billion in 2019 and is expected to reach around USD 37.4 billion by 2026, expanding at a CAGR of around 6.5% during the forecast period, between 2020 and 2026. The growth of the market is attributed to surging usage of variable frequency drives (VFDs) across the globe in major industrial fields. Additionally, increasing investments in the development of infrastructure is also boosting the growth of the market. However, a high initial cost of the integration of VFD with electric drive is one of the major factors hindering the growth of the market.

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Variable Frequency Drive Market

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  1. Global Variable Frequency Drive Market by Products, Power Ranges, End-uses, Applications, and Regions — Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2020–2026 Report By

  2. Thevariable frequency drive market was valued at approximately USD 22.5 billion in 2019 and is expected to reach around USD 37.4 billion by 2026, expanding at a CAGR of around 6.5% during the forecast period, between 2020 and 2026. The growth of the market is attributed to surging usage of variable frequency drives (VFDs) across the globe in major industrial fields. Additionally, increasing investments in the development of infrastructure is also boosting the growth of the market. However, a high initial cost of the integration of VFD with electric drive is one of the major factors hindering the growth of the market. Request for sample@https://dataintelo.com/request-sample/?reportId=78084 Variable Frequency Drive (VFD) is a motor controller driving an electric motor by changing the voltage and frequency supplied to it. VFD is also known as adjustable speed drive, micro drive, variable speed drive, adjustable frequency drive, AC drive, and inverter. It controls the speed of the motor. The benefits provided by VFDs are reduction in overall power consumption, optimal utilization of energy, and improvement of the efficiency of the motor.

  3. Market Trends, Drivers, Restraints, and Opportunities: • Increasing demand for energy efficient motors across the globe is one of the factors propelling the growth of the market. • Growing investments to spread the awareness regarding energy efficient motors is driving the growth of the market. • Surging operational efficiency and reducing energy consumption due to integration of electric drives with VFDs which allows end-users to control the speed and torque of the motor is one of the factors increasing the growth of the market. • Rising innovative advancements in the developing countries and growing awareness regarding the VFDs is increasing the demand which in turn is boosting the growth of the market. • Increasing deployment of VFDs across various industries due to rising energy prices is fueling the growth of the market. • Lack of well-trained labor in emerging countries is one of the factors restraining the growth of the market.

  4. Enquiry Before Buying@https://dataintelo.com/enquiry-before-buying/?reportId=78084 Competitive Landscape: Major companies in the global variable frequency drive market include ABB, Eaton, General Electric, Hitachi, Ltd., Rockwell Automation, Inc., Schneider Electric, Siemens AG, The Danfoss Group, WEG S.A., and Yaskawa Electric Corporation. The companies are using strategic acquisitions such as expansions, capital investments, R&D activities, technological advancements, innovative product launches, product portfolio, collaborations, mergers & acquisitions, and strategic partnerships. Ask for discount@https://dataintelo.com/ask-for-discount/?reportId=78084

  5. Why Choose Us: • We offer industry-leading critical reports with accurate insights into the future of the market. • Our reports have been evaluated by some industry experts in the market, thus making them beneficial for the company’s to maximize their return on investments. • We provide a comprehensive pictorial representation of the information, strategic recommendations, outcomes of the analytical tools to offer an elaborate landscape, highlighting the key market players. This detailed assessment of the market will help the company increase efficiency. • The demand and supply dynamics offered in the report give a 360 degree view of the market. • Our report helps readers decipher the current and future constraints in the Variable Frequency Drive Market, and help them formulate optimum business strategies to maximize growth in the market.

  6. About DataIntelo: DATAINTELO has set its benchmark in the market research industry by providing syndicated and customized research report to the clients. The database of the company is updated on a daily basis to prompt the clients with the latest trends and in-depth analysis of the industry. Our pool of database contains various industry verticals that include: IT & Telecom, Food Beverage, Automotive, Healthcare, Chemicals and Energy, Consumer foods, Food and beverages, and many more. Each and every report goes through the proper research methodology, validated from the professionals and analysts to ensure the eminent quality reports.

  7. Contact Info: Name: Alex Mathews Address: 500 East E Street, Ontario, CA 91764, US. Phone No:US: +1 909 545 6473 | IND: +91–7000061386 Email: sales@dataintelo.com Website:https://dataintelo.com

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