keyboard_arrow_up

VFD/VSD Market (Variable Frequency/Speed Drive) to Grow at a CAGR of 8.7% to 2017

RnRMarketResearch.com adds report “Variable Frequency/Speed Drives (VFD/VSD) Market – By Type (AC, DC, Servo), Voltage Range (Low, Medium), Power Range (Micro, Low, Medium, High) and Application (Pump, Fan, Compressor, Conveyors & Others) – Global Market Trends & Forecast to 2017” to its store.

Growing demand for electrical efficiency and increasing investment in modernization of infrastructure will drive the global VFD (variable frequency drives)/VSD (variable speed drives)/ASD (adjustable speed drives)/inverters market to $18,854 million by 2017, with a CAGR of 8.7% from 2012 to 2017. Asia-Pacific, with its thriving economies and rapidly expanding manufacturing bases, is expected to experience highest revenue growth during the next five years.

Inquire for Discount @ http://www.rnrmarketresearch.com/contacts/discount?rname=71797 .

The factors driving growth in the VFD market are rising energy prices, stringent efficiency regulations, and increased awareness about advantages of the drives. VFD is a highly developing market despite having a large base due to its enormous potential offered by these drives. Though the market experienced slight reduction in the growth rate in 2012; this effect will be short lived and the market will bounce back with steady growth in the future.

VFD manufacturers mainly focus on R&D in order to develop new and improved products, which offer more distinguished and revolutionary features such as more precision, control, and efficiency. Expansion into new and emerging markets such as Asia-Pacific, Russia, and South America has been and will be the key for success for VFD manufacturers if they intend to increase their overall sales and revenue. . In 2012, ABB Ltd (Switzerland) dominated the VFD market with 19% market share. Siemens Industry Inc. (U.S.) stood second with 13.8% and Schneider Electric SA (France) occupied around 8.5% market share of the total VFD market.

AC drives occupy maximum market share due to their comprehensive use in all types of industries and induction motors to achieve multiple speeds of operation. By application, the drives that are used for pumps capture maximum market share. The high power drives are applied in heavy industries such as oil & gas, metals & mining, power generation, cement, paper, wind energy, water & wastewater, and marine. These involve huge capital and infrastructure investment expending but offer enormous savings and reduction in power consumption.

The report covers the global VFD market in major regions namely Asia-Pacific, Europe, North America, Latin America, and Middle East & Africa under major applications such as pumps, fans, compressors, conveyors, elevators, extruders, and other applications (mixers, agitators, etc.). Various types of VFD included are AC drives, DC drives, and servo drives. Also, power ranges of VFD (micro power drives, low power drives, medium power drives, and high power drives); and voltage ranges of VFD (low voltage drives and medium voltage drives) are identified and included in this report.

For this report, various secondary sources such as chemical magazines, encyclopedia, directories, technical handbooks, company annual reports, industry association publications, articles, trade websites, and databases have been referred to identify & collect information useful for this extensive commercial study of global VFD market. The primary sources—experts from related industries and suppliers—have been interviewed to obtain and verify critical information as well as to assess the future prospects and market estimations.

This report analyzes various marketing trends and establishes the most effective growth strategy in the market. It identifies market dynamics such as drivers, restraints, opportunities, burning issues, and winning imperatives. Major companies such as ABB Ltd, Danfoss Drives, Siemens Industry Inc., Schneider Electric SA, Vacon Plc, Rockwell Automation, Yaskawa Electric Corp., Eaton Corporation, GE Energy Power Conversion (Converteam), etc. have also been profiled in this report.

Purchase a copy of this report @ http://www.rnrmarketresearch.com/contacts/purchase?rname=71797 .

Scope of the Report

On basis of geography:

Asia-Pacific

Europe

North America

Latin America

Middle East & Africa

On basis of application:

Pumps

Fans

Compressors

Conveyors

Elevators

Extruders

Other applications (mixers, agitators, etc.)

On basis of type:

AC drives

DC drives

Servo drives

On basis of power range:

Micro power drives

Low power drives

Medium power drives

High power drives

On basis of voltage range:

Low voltage drives

Medium voltage drives

Browse Energy Equipment Industry Reports @ http://www.rnrmarketresearch.com/reports/energy-power/energy/energy-equipment .

About Us:

RnRMarketResearch.com is an online database of market research reports offer in-depth analysis of over 5000 market segments. The library has syndicated reports by leading market research publishers across the globe and also offer customized market research reports for multiple industries. Not limited to industry reports covering telecommunication, healthcare, pharmaceutical, financial services, energy, technology, real estate, logistics, F&B , media and more.

 

Follow Us On

Twitter : https://twitter.com/#!/RnRMR

Facebook : http://www.facebook.com/pages/RnR-Market-Research/413488545356345

Google Plus : https://plus.google.com/u/0/104156468549256253075/