Global variable frequency drive Market expected to experience significant growth forecasted period:

Taste the market data and market information presented through more than 85 market data tables and figures spread in 140 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “global variable frequency drive Market Information from 2016 to 2022"

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The factor which drives the growth of variable frequency drive market is increase in urbanization and industrialization in developing countries. Other factors driving the growth of these market are regulation on efficiency of energy, growing trends in industrial automation, efficient utilization of energy and increase in construction activities, power transmission & distribution. The utilization of VFDs, also results in the reduction of production cost, ultimately leading to the growth of these market. The growth of VFDs is also attributed by the increase of infrastructure activities such as construction of hospitals and educational institutions. The reduction in the operating cost of energy industry also results in the growth of this market.

The report has been analyzed based on types, applications, end-user and regions. On the basis of type, AC drives is expected to witness the highest growth during the forecast period due to higher demand for AC drives and less requirement of maintenance. They are extensively used in heavy industries such as metals and mining, power generation, oil & gas, which has led to the growth of these segment. Based on applications, pumps segment is expected to dominate the market during the forecast period due to the rapid increase in the industrial activities and the growth of the construction sector. On the basis of end-user, infrastructure segment is expected to dominate the market because VFD’s are mainly used in infrastructure activities. The overall variable frequency drive market is expected to grow due to the growth in the infrastructure activities in Asia-Pacific.

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Asia-Pacific accounts for the highest market share
The Asia-Pacific accounts for the highest market share during the forecast period because the region is leading in infrastructure and industrial sector. Energy industries are adopting these drives in order to reduce the energy consumption and reduce the emission of CO2. In Middle East and Africa, the growth in the construction industry have resulted in the growth of these market. Europe is expected to grow during the forecast period, due to the rise in automotive industry.

Key Players
We recognize the key players in the global variable frequency drive market as ABB Ltd. (Switzerland), Siemens AG (Germany), Rockwell Automation, Inc. (U.S.), WEG (Brazil), Yaskawa Electric Corporation (Japan), Eaton Corporation Plc. (Ireland), General Electric (U.S.), Emerson Electric Co. (U.S.), Hitachi, Ltd. (Japan), Mitsubishi Electric Corporation (Japan).

This research report has provides the insights, on various levels of analyses such industry analysis, market share analysis leading market players and their profiles. This report also helps in studying the target segments by providing views on emerging & high-growth segments and market conclusion. Together the market data comprise and discuss with the basic assessments on the competitive scenarios & strategies, of the global variable frequency drive market, including the high-growth regions, countries and their political, economic and technological environments. Furthermore the project report also provides the views over the historical market values as well as, pricing and cost analysis of the same.

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