The article cited AMA's "Global Variable Frequency Drive Market Study" explored CAGR of 13.53%. Increased Use of VFDs across Major Vertical Industries
is also expected to contribute significantly to the Variable Frequency Drive market. Overall, Pumps
applications of Variable Frequency Drive, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The End-User , such as Industrial, is boosting the Variable Frequency Drive market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Voltage , such as Low Voltage (Up to 690 V), is boosting the Variable Frequency Drive market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Power Range , such as Micro Power Drives, is boosting the Variable Frequency Drive market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
AMAs Analyst on the Global Variable Frequency Drive market identified that the demand is rising in many different parts of the world as "Aging Power Infrastructure
". Furthermore, some recent industry insights like "On 8 Nov 2018, Rockwell Automation has expanded the power ranges and capabilities of TotalFORCE technology for its Allen-Bradley PowerFlex 755T (AC) variable frequency drives. The drives now offer an expanded power range, assisting engineers with applications from 10 to 6,000 horsepower (7.5 to 4,500 kW) improve productivity and reduce their lifecycle costs. The expansion is expected to bring harmonic mitigation, regeneration and common bus-system configurations to a wider range of high-demand applications." is constantly making the industry dynamic.
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global Variable Frequency Drive market according to Type, Application, and regions o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key drivers & trends of the market
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Variable Frequency Drive market and other related sub-markets covered in the study.
o Key & emerging players in the market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall market size is calculated using market estimation process, the market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the market size has been validated using both top-down and bottom-up approaches.