Variable Frequency Drive Market 2020 Outlook in New Research Report

Global Variable Frequency Drive Market 2016-2020 report is the latest addition to RnRMarketResearch.com industry research reports collection. The report is about 59 pages and provides 24 Exhibits; the report is published in Dec -2015.

The market research analyst predicts the global variable frequency drives (VFD) market to grow steadily at a CAGR of nearly 8% by 2020. The need for manufacturers to optimize their manufacturing processes and cut operational costs by reducing energy consumption is the primary growth driver for this market. The prospects for growth in this market are impelled by the growing preference for electric motors in household appliances, automobiles, aerospace, industrial, and other transportation equipment over mechanical and hydraulic motors.

In terms of geography, the APAC region will be the largest market for VFDs during the predicted period. The growth of the chemical processing and manufacturing industries coupled with the significant growth of other industries like power, infrastructure, automobile production, and hydrocarbons will result in this region€™s impressive market share of more than 56% by 2020.

Product-based segmentation of the VFD market

AC

DC

Servo

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The AC drives segment currently dominates the market and is envisaged to further enhance its hold over the market by 2020 owing to its extensive utilization in all types of industries and induction motors to achieve multiple speeds of operation. Moreover, its augmented usage in heavy industries, such as metals and mining, oil and gas, cement, paper, power generation, wind energy, water and wastewater, and marine, will result in its massive market share of more than 84% by 2020.

Segmentation by voltage type and analysis of the VFD market

Low voltage

Medium voltage

In this market study, analysts estimate the low voltage VFD segment to account...