Variable frequency drive (VFD) has gained paramount importance among process engineers, who constantly seek energy-efficient motor control systems, with an aim of curtailing energy consumption in industrial operations. Considerable growth has been estimated for variable frequency drive market, underpinned mainly by technological advancements that have led to minimization of the VFD’s overall weight.
These insights have been obtained from the report, titled “Variable Frequency Drive (VFD) Market: Global Industry Analysis and Opportunity Assessment (2016-2026),” incorporated recently to XploreMR’s vast repository. Emergence of new applications, coupled with higher performance attributes associated with variable frequency drive that include reduction in electric motor’s operational cost, will continue to drive growth of variable frequency drive market.
Asia-Pacific excluding Japan (APEJ) has dominated variable frequency drive market over the past couple of years, and its status quo is estimated to persist during the period of forecast. Variable frequency drive sales in APEJ are expected to account for nearly one-third share of the market during 2016 to 2026. Expansion of industrial facilities, and extension of manufacturing capabilities, to meet rising demand, particular in developing countries such as India and China, are key growth driver for variable frequency drive market in APEJ.
Variable Frequency Drive Market: Report Summary
This report provides an in-depth analysis and actionable insights on variable frequency drive market for the forecast period between 2016 and 2026, and offers the market size evaluation in terms of “US$ Mn”. Key factors driving growth of variable frequency drive market, untapped opportunities for players in lucrative regional markets, recent developments and trends shaping the market dynamics, and actionable insights on key market segments included, have been incorporated in the report.
Key growth drivers and restraints for variable frequency drive market are elaborated, coupled with a detailed study on changing trends, in order to deliver clients with exhaustive intelligence for facilitating them in making fact-based decisions for their businesses. Macro- and micro-economic factors that indirectly or directly impact growth of variable frequency drive market have also been encompassed in the report.
Key section of this report offer comprehensive analysis on the region- & country-wise demand for variable frequency drive, along with new product developments and technological advancements being made by manufacturers. Competitor landscape of variable frequency drive market has also been studied in detail in the concluding section of the report, to offer the readers with a dashboard view of key players operating in variable frequency drive market.
Analysis on the market share of key participants profiled in the report has also been provided. The scope of this report is to offer knowledge on marketing and business expansion strategies, latest developments, and new product offerings by variable frequency drive manufacturers, for enabling clients to take informed steps forward to gain a competitive edge in the market.
Variable Frequency Drive Market: Research Methodology
Comprehensive secondary research has been used for inferring the market volume, and the data procured has then been validated through exhaustive primary interviews conducted with leading industry experts and opinion leaders. Interviews conducted with leading industrialists have been thoroughly analyzed, and the average market volume has been deduced and reconfirmed before incorporating the same in the report.
Imperative factors that have been considered for arriving at forecast on variable frequency drive market include current size of the market, inputs from supply side and demand side, and various other dynamics that shape the growth of variable frequency drive market. Forecasts on variable frequency drive market have been represented in terms of CAGR, whereas other important aspects such as absolute dollar opportunity and year-on-year (Y-o-Y) growth have been incorporated. Primary objective of the report is to offer clients with a crystal clear view on future opportunities, concerning developmental growth in variable frequency drive market.