What is Variable Speed Drives Market?
A variable speed drive, a device that regulates the rotational force and speed or output torque of an electric motor or mechanical equipment. It is highly used in pumps, fans, compressor and other equipment for energy saving and productivity improvement. The surging need for modernization and retrofitting of the various sector such as power plants, oil & gas industry, automotive and food & beverages are acting as a major driving agent in the growth of the variable speed drive market
The market study is being classified by Type (Alternating Current (AC) Motor Drives, Direct Current (DC) Motor Drives and Servo Drives), by Application (Compressor, Pumps, Fans and Others) and major geographies with country level break-up.
ABB (Switzerland), Siemens AG (Germany), Schneider Electric (France), Emerson Electric (United States), Yaskawa Electric (Japan), Mitsubishi (Japan), Hitachi (Japan), Danfoss (Germany), Toshiba (Japan), Fuji Electric (Japan) and Rockwell Automation (United States) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Inovance (China), Hiconics (China), INVT (China) and EURA Drives (Germany).
Research Analyst at AMA predicts that Japanese, Chinese, German and United States Vendors will contribute to the maximum growth of Global Variable Speed Drives market throughout the predicted period.
Analyst at AMA have segmented the market study of Global Variable Speed Drives market by Type, Application and Region.
On the basis of geography, the market of Variable Speed Drives has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Increase Urbanization and Industrialization in Emerging Countries
- Rising Demand for Energy Efficiency
- The Rapid Growth in Industrial Automation
- High Cost in Installation
- Increasing Demand in Food & Beverage Industry
- Surging demand in Infrastructure Construction in Both Developed and Developing Economies
- Lack of Skilled Maintenance Human Resource and Unpredictable Development Expenses
Key Target AudienceVSD Manufactures, Dealers, And Suppliers, Energy Utilities, Government and Research Organizations, Institutional Investors, Process Industries and Power and Energy Associations, Public and Private Operators and Others