What is Adjustable-Frequency Drive Market?
An adjustable frequency drive is a type of motor controller that drives an electric motor by varying the frequency and voltage supplied to the electric motor. It is a power electronics-based device that converts a basic fixed frequency, fixed voltage sine wave power (line power) to a variable frequency, variable output voltage used to control the speed of induction motor(s).
The market study is being classified by Type (AC Drives, DC Drives and Servo Drives), by Application (Pumps, Fans, Compressors, Conveyors and Others (extruders, elevators & escalators, cranes & hoists, crushers, mills, and mixers)) and major geographies with country level break-up.
Danfoss (Denmark), Rockwell (United States), Crompton Greaves (India), NIDEC (Japan), TMEIC (Japan), ABB (Switzerland), Siemens (Germany), Schneider Electric (France), Eaton (Ireland), Fuji (Japan) and Hitachi (Japan) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Yaskawa (Japan) and WEG SA (Brazil).
The companies are exploring the market by adopting expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to gain competitive advantage through combined collaborations. Research Analyst at AMA predicts that Japanese Players will contribute to the maximum growth of Global Adjustable-Frequency Drive market throughout the predicted period.
Analyst at AMA have segmented the market study of Global Adjustable-Frequency Drive market by Type, Application and Region.
On the basis of geography, the market of Adjustable-Frequency Drive 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.
- Increased Use of VFDs Across Major Vertical Industries
- Supportive Regulatory Environment
- Rising Need for Energy Efficiency
- Stagnant Growth of the Oil & Gas Industry
- Aging Power Infrastructure
- Industrial Internet of Things (Iiot)
- Gray Market Providing Low-Quality and Cheap Products
Key Target AudienceAdjustable-Frequency Drive Providers, Emerging Companies, Research Professionals and End-users
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