Dec 29, 2017   SOURCE: BusinessWire

Variable Frequency Drive Market - Global Forecast to 2021 - Increasing Urbanization & Industrialization Drive Growth - Research and Markets

The "Variable Frequency Drive Market by Type, End-Users, Application, Power Range, Voltage, and Region - Global Forecast to 2021" report has been added to Research and Markets' offering.

The global variable frequency drive (VFD) market is projected to grow at a CAGR of 5.94% from 2016 to 2021, to reach a market size of USD 24.8 Billion by 2021. This growth is attributed to the increasing infrastructural activities including construction of hospitals, and educational institutions, strict regulations related to energy efficiency, reduction of life cycle cost and optimized energy use.

The report segments the variable frequency drive market based on type into AC drives, DC drives and Servo drives. The AC drives segment is projected to dominate the VFD market.

The variable frequency drive market has been segmented based on power range into micro power drive (UP TO 5 Kw), low power drive (6-40 kW), medium power drive (41-200 kW) and high power drive (Above 200 kW). The micro power drive segment accounted for the largest market share in 2015. These VFDs are increasingly popular due to their wide application in fans, pumps, compressors, conveyors, extruders, among others.

The report segments variable frequency drive market based on end-user segment into oil & gas, industrial, power, and infrastructure. The infrastructure segment is expected to grow at the fastest rate during the forecast period. VFDs are applied mainly in metals, mining, water and wastewater treatment projects, and other infrastructure activities under the infrastructure end-user segment. The growing infrastructure sector, especially in the Asia-Pacific would likely boost the overall variable frequency drive market during the forecast period.

Companies Mentioned

  • ABB Ltd.
  • Crompton Greaves
  • Danfoss
  • Eaton
  • Emerson Electric Co.
  • Fuji Electric Co.
  • General Electric
  • Hitachi
  • Mitsubishi Heavy Industries, Ltd.
  • Rockwell Automation
  • Schneider Electric Se
  • Siemens AG
  • Toshiba
  • Weg SA
  • Yaskawa Electric Corp

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Variable Frequency Drives Market, By Type

7 Variable Frequency Drives Market, By End-User

8 Variable Frequency Drives Market, By Voltage

9 Variable Frequency Drives Market, By Power Range

10 Variable Frequency Drives Market, By Application

11 Variable Frequency Drives Market, By Region

12 Competitive Landscape

13 Company Profiles

For more information about this report visit https://www.researchandmarkets.com/research/rjkwb4/variable