Variable Frequency Drive Market Global Briefing and Future Outlook 2020 to 2026
Global Market Insights, Inc. has drafted a research study on the 'Variable Frequency Drive market' which offers a concise outline of the market valuation, market size, SWOT analysis, revenue approximation, and the regional outlook of this business vertical. The report precisely features the key opportunities and challenges faced by contenders of this industry and presents the existing competitive setting and corporate strategies enforced by the Variable Frequency Drive market players.
Browse key industry insights spread across 643 pages with 1182 market data tables & 38 figures & charts from the report, “Global Variable Frequency Drive Market Size By Power Range (Micro, Low, Medium, High), By Drive (AC, DC, Servo), By Voltage (Low, Medium), By Technology (Standard, Regenerative), By Application (Pump, Centrifuges, Conveyor, Evaporators, Mixers, Grinders, Cutters, Fans, Others), By End-Use (Oil & Gas, Power Generation, Food Processing, Automotive, Mining & Metals, Pulp & Paper, Others), Industry Analysis Report, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2020 – 2026”in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/variable-frequency-drive-vfd-market
The device also has the capacity to control ramp up & down of the motor during start or stop. A typical variable frequency drive system generally comprises an AC motor, operator interface, and a controller.
Variable frequency drive is also known as microdrive, inverter, adjustable frequency drive, AC drive, and variable speed drive. It provides several benefits as well as offers the greatest energy savings for various applications, the most common of them being fans and pumps.
The variable frequency drive market is segmented in terms of power range, drive, voltage, technology, application, end-use, and regional landscape.
With respect to power range, the market is divided into micro, low, medium, and high. It is observed that increasing electricity cost along with shifting focus toward energy savings has increased the penetration of low power drives primarily across HVAC industry. The ability to provide a quick return on investment and enhancement of user's profitability by improving the process will strengthen the product adoption for medium power range.
Based on application, the market is bifurcated into cutters, conveyor, mixers, fans, pump, evaporators, grinders, and centrifuges. Among these, evaporators will witness growth owing to ongoing modifications in applicable codes and standards that have effectively made the use of VFDs as an indispensable requirement across HVAC applications. The capability to eliminate separate gear sets along with simplifying the power transmission across the motor will propel the demand for mixers.
The ability to change motor speed in line with the applicability of VFD units to control high tension will enhance the product requirement for grinders. Flexible product configurations including speed control as well as safe & reliable operations will complement the industry growth for the cutters. Increasing modulation of motor speed along with a wide range of applicability of VFD's across HVAC systems will boost the product demand for fans.
With respect to end-use, the market is segmented into mining & metals, food processing, oil & gas, pulp & paper, power generation, and automotive. Among these, the ongoing investments in R&D and technological advancements are positively impacting the product demand in mining & metals.
High reliable control over torque and speed as well as improved efficiency and reduced production cost are some of the key parameters which are accelerating the adoption of variable frequency drives in pulp & paper industry.
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
Contact Us
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: [email protected]