Press Release

Variable Frequency Drive Market Strategy And Remarkable Growth Rate By 2026 | Fortune Business Insights

Top Players in Variable Frequency Drive Market are ABB Ltd., Siemens AG, Schneider Electric, Rockwell Automation, Inc., Eaton Corporation, Danfoss, WEG Industries, General Electric Company, Hitachi Ltd., Yaskawa Electric Corporation, and Invertek Drives

The ability of variable frequency drive to decrease the energy cost and consumption of energy is anticipated to surge the global variable frequency drive market growth during the forecast period. According to an upcoming report by Fortune Business Insights, titled, “Variable Frequency Drive Market Size, Share and Global Trend By Type (AC Drive, DC Drive, Servo Drive), By Power Range (MicroPower, Low Power, Medium Power, High Power), By Application (Pumps, Electric Fans, Conveyers, HVAC, Others), By End User (Food & Beverages, Oil & Gas, Power Generation, Infrastructure, Automotive, Others), and Geography Forecast till 2026,” variable frequency drive is very helpful in the manufacturing sector for operating the motor efficiently and reducing the cost of maintenance. It helps in increasing production. All these factors are expected to propel the global variable frequency drive market in the coming years.

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Fortune Business Insights profiles some of the renowned market players operating in the global variable frequency drive market. They are:

  • General Electric Company
  • ABB Ltd.
  • Invertek Drives
  • Eaton Corporation
  • Schneider Electric
  • Hitachi Ltd.
  • Rockwell Automation, Inc.
  • Yaskawa Electric Corporation
  • Siemens AG
  • WEG Industries
  • Danfoss
  • Key Market Driver – Increase the demand for efficiency and productivity devices
  • Key Market Restraint – Highly expensive

Browse Complete Report https://www.fortunebusinessinsights.com/industry-reports/variable-frequency-drive-market-100876

Segmentation

1. By Type

  • AC Drive
  • DC Drive
  • Servo Drive

2. By Power Range

  • Micro Power
  • Low Power
  • Medium Power
  • High Power

3. By Application

  • Pumps
  • Electric Fans
  • Conveyers
  • HVAC
  • Others

5. By End User

  • Food & Beverages
  • Oil & Gas
  • Power generation
  • Infrastructure
  • Automotive

6. By Geography

  • North America (USA and Canada)
  • Europe (UK, Germany, France, Spain, Italy, Russia and Rest of Europe)
  • Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
  • Latin America (Brazil, Mexico, and Rest of Latin America)
  • Middle East & Africa (South Africa, GCC, and Rest of Middle East & Africa)

The report analyzes the global variable frequency drive market opportunities for and competitive landscape for the stakeholders as well as the market leaders. Moreover, it provides elaborate information about the key market developments, ongoing trends, growth drivers, and restraints. It also strategically analyzes the global market on the bases of contributions, future expansions, and individual growth trends.

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Rapid Urbanization and Industrialization to Favor Growth in Asia Pacific

Geographically, the global variable frequency drive market is divided into Asia Pacific, the Middle East and Africa, North America, Latin America, and Europe. Out of these, Venezuela in Latin America is growing day by day in oil export. Variable frequency drive helps in increasing the productivity of the machines, which further maintains the oil export process. North America, on the other hand, is one of those regions that lets machines do most of the work. An urgent need to increase machine efficiency and productivity is expected to propel the market growth in this region.

In Asia Pacific, industrialization and urbanization are rapidly growing. Therefore, there’s an unmet requirement of manufacturing more products by maintaining less wastage. Italy, Germany, and the U.K. in Europe are three of the most prominent manufacturing hubs. Here, for the efficient operation of the product line, variable frequency drive is used. These factors would aid in driving the variable frequency drive market sales in this region.

Table of Content

5. Global Variable Frequency Drive (VFD) Market Analysis, Insights and Forecast, 2015-2026
5.1. Key Findings / Summary
5.2. Market Analysis, Insights and Forecast – By Type (USD Billion)
5.2.1. AC Drive
5.2.2. DC Drive
5.2.3. Servo Drive
5.3. Market Analysis, Insights and Forecast – By Power Range (USD Billion)
5.3.1. Micro
5.3.2. Low
5.3.3. Medium
5.3.4. High
5.4. Market Analysis, Insights and Forecast – By Application (USD Billion)
5.4.1. Pumps
5.4.2. Conveyers
5.4.3. HVAC
5.4.4. Electric Fan
5.4.5. Extruders
5.4.6. Others
5.5. Market Analysis, Insights and Forecast – By End-User (USD Billion)
5.5.1. Food & Beverage
5.5.2. Oil & Gas
5.5.3. Power Generation
5.5.4. Infrastructure
5.5.5. Agriculture
5.5.6. Mining
5.5.7. Others
5.6. Market Analysis, Insights and Forecast – By Region (USD Billion)
5.6.1. North America
5.6.2. Europe
5.6.3. Asia Pacific
5.6.4. Middle East & Africa
5.6.5. Latin America
6. North America Variable Frequency Drive (VFD) Market Analysis, Insights and Forecast, 2015-2026
6.1. Key Findings / Summary
6.2. Market Analysis, Insights and Forecast – By Type (USD Billion)
6.2.1. AC Drive
6.2.2. DC Drive
6.2.3. Servo Drive
6.3. Market Analysis, Insights and Forecast – By Power Range (USD Billion)
6.3.1. Micro
6.3.2. Low
6.3.3. Medium
6.3.4. High
6.4. Market Analysis, Insights and Forecast – By Application (USD Billion)
6.4.1. Pumps
6.4.2. Conveyers
6.4.3. HVAC
6.4.4. Electric Fan
6.4.5. Extruders
6.4.6. Others
6.5. Market Analysis, Insights and Forecast – By End-User (USD Billion)
6.5.1. Food & Beverage
6.5.2. Oil & Gas
6.5.3. Power Generation
6.5.4. Infrastructure
6.5.5. Agriculture
6.5.6. Mining
6.5.7. Others
6.6. Market Analysis, Insights and Forecast – By Country (USD Billion)
6.6.1. U.S.
6.6.2. Canada
7. Europe Variable Frequency Drive (VFD) Market Analysis, Insights and Forecast, 2015-2026
7.1. Key Findings / Summary
7.2. Market Analysis, Insights and Forecast – By Type (USD Billion)
7.2.1. AC Drive
7.2.2. DC Drive
7.2.3. Servo Drive
7.3. Market Analysis, Insights and Forecast – By Power Range (USD Billion)
7.3.1. Micro
7.3.2. Low
7.3.3. Medium
7.3.4. High
7.4. Market Analysis, Insights and Forecast – By Application (USD Billion)
7.4.1. Pumps
7.4.2. Conveyers
7.4.3. HVAC
7.4.4. Electric Fan
7.4.5. Extruders
7.4.6. Others
7.5. Market Analysis, Insights and Forecast – By End-User (USD Billion)
7.5.1. Food & Beverage
7.5.2. Oil & Gas
7.5.3. Power Generation
7.5.4. Infrastructure
TOC Continued…!

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