Variable Frequency Drive Market Scope
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.
According to AMA, the Global Variable Frequency Drive market is expected to see growth rate of 13.53%
Research Analyst at AMA estimates that United States Manufacturers will contribute to the maximum growth of Global Variable Frequency Drive market throughout the predicted period.
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 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).
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
The study have segmented the market of Global Variable Frequency Drive market by Type (Ac Drives, Dc Drives and Servo Drives), by Application (Pumps, Fans, Compressors, Conveyors and Others) and Region with country level break-up.
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).
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.
- Increased Use of VFDs across Major Vertical Industries
- Rising Need for Energy Efficiency
- Supportive Regulatory Environment
- Aging Power Infrastructure
- Industrial Internet of Things (Iiot)
- Stagnant Growth of the Oil & Gas Industry
- Gray Market Providing Low-Quality and Cheap Products
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