About Variable Frequency Drive
A variable-frequency drive also known as variable speed drive or adjustable-frequency drive, is a kind of adjustable-speed drive utilized in electro-mechanical drive systems to regulate AC motor speed and torque by varying motor input frequency and voltage. They are used in applications ranging from small appliances to large compressors. Over the last few decades, power electronics technology has reduced VFD size and price and has improved performance through advances in semiconductor switching devices, simulation and control techniques, drive topologies, and control hardware and software. VFDs are made in a number of different low and medium voltage DC-AC and AC-AC topologies.
|Value (USD Million)
Variable Frequency Drive is a fragmented market due to the presence of less players. The players are focusing on strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Variable Frequency Drive market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
ABB (Switzerland), Siemens (Germany), Schneider Electric (France), Danfoss (United States), Rockwell (United States), Crompton Greaves (India), Eaton (United States), Fuji (Japan) and Dongfang Hitachi (Chengdu) Electrical Control Equipment CO., LTD (China) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Hitachi Hi-Rel Power Electronics Pvt. Ltd. (India), NIDEC CONTROL TECHNIQUES LIMITED (United Kingdom), TMEIC Corporation (United States), Weg SA (Brazil) and Yaskawa (Canada).
AMA Research has segmented the market of Global Variable Frequency Drive market by Type (Ac Drives, Dc Drives and Servo Drives), Application (Pumps, Fans, Compressors, Conveyors and Others) and Region.
On the basis of geography, the market of Variable 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). If we see Market by End-User , the sub-segment i.e. Industrial will boost the Variable Frequency Drive market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Voltage , the sub-segment i.e. Low Voltage (Up to 690 V) will boost the Variable Frequency Drive market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Power Range , the sub-segment i.e. Micro Power Drives will boost the Variable Frequency Drive market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Growth Drivers:
Increased Use of VFDs across Major Vertical Industries, Rising Need for Energy Efficiency and Supportive Regulatory Environment
Gray Market Providing Low-Quality and Cheap Products
Stagnant Growth of the Oil & Gas Industry
Aging Power Infrastructure and Industrial Internet of Things (Iiot)
Market Leaders and their expansionary development strategies
In September 2019, Sumitomo Heavy Industries, Ltd. reached an agreement to acquired the entire issued share capital of UK-based variable frequency drive manufacturer Invertek Drives Ltd.
In 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.
Key Target AudienceVFD manufacturers, dealers, and suppliers, Government and research organizations, Investors/Shareholders, Institutional investors, Energy utilities, Process industries and power and energy associations and Public and private operators of power plan
About ApproachTo evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.