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Variable Frequency Drive (VFD) Market Future Opportunities Recorded for the Period until 2026 - MRRSE

Feb 15th 2019 at 4:14 AM

Market Research Reports Search Engine (MRRSE) has recently updated its massive report catalogue by adding a fresh study titled “Variable Frequency Drive (VFD) Market Future Opportunities Recorded for the Period until 2026 - MRRSE”. This business intelligence study encapsulates vital details about the market current as well as future status during the mentioned forecast period of 2026.The report also targets important facets such as market drivers, challenges, latest trends, and opportunities associated to growth of manufacturers in global market for Variable Frequency Drive (VFD) Market. Along with these insights, the report provides the readers crucial insights on the strategies implemented by leading companies to remain in the lead of this competitive market.

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MRRSE study offers a 10-year forecast of the global variable frequency drive market between 2016 and 2026. In terms of value and volume, the market is expected to expand at a CAGR of 7. 2% and 8.5%, respectively, during the projected period. The study demonstrates the market dynamics and trends in all the seven regions, which are expected to influence the current nature and future status of the variable frequency drive market over the forecast period.

In this report, Market Research Reports Search Engine (MRRSE) analyses the global variable frequency drive market for the period 2016 – 2026. The primary objective of the report is to offer updates on the advancements in the global variable frequency drive market.

Escalating energy prices have raised the need for energy-efficient motor control systems. With the aim of reducing energy consumption, process engineers and other executives managing the operation department are getting increasingly inclined towards deployment of variable frequency drives (or variable speed drive).  In recent years, technological advancements in variable frequency drives have led to the minimisation of the overall weight of drive. Also, emergence of new application areas and advantages of VFD, such as reduction in operational cost of electric motors, are factors expected to create favourable growth opportunities for vendors operating in the global VFD market over the projection period.

In the next section, MRRSE analyses the VFD market performance on the basis of the global market revenue and volume split, since this is essential in understanding the growth potential of the variable frequency drive market. Besides, this section includes FMI’s analysis of the key trends, drivers and restraints from the supply, economic and demand side, which are influencing growth of the variable frequency drive market currently. Impact analysis of the key growth drivers and restraints, based on the weighted average model, is included in the report to better equip and arm clients with crystal clear decision-making insights.

As highlighted earlier, the variable frequency drive market is an aggregation of various drive type (includes AC, DC and Servo variable frequency drive), voltage range (includes low and medium voltage range), application type (standard and regenerative application type), end-use application (includes pump, fan, compressor, conveyor, HVAC and other applications) and end-use industry (oil & gas, food processing, automotive, mining & metals, pulp & papers, and other end-use industries) segments. All these segments are included in this section to make the study more comprehensive.

The next section of the report includes analysis of the variable frequency drive market by region. It provides a market outlook for 2016 – 2026 and sets the forecast within the context of the variable frequency drive market ecosystem. This study discusses the key regional trends contributing to the growth of the variable frequency drive market on a worldwide basis, as well as analyses the degree at which the global drivers are influencing this market in each region. Key regions assessed in this report include North America, Latin America, Western Europe, Eastern Europe, Asia Pacific Excluding Japan (APEJ), Japan as a separate region and the Middle East and Africa (MEA).

All the above sections, by drive type, by voltage range, by application type, by end-use application, by end-use industry and by region, evaluate the present scenario and the growth prospects in the variable frequency drive market for the period 2016 – 2026. We have considered 2014 as the base year and provided data for the trailing 12 months.

To calculate the variable frequency drive market size, we have considered the overall revenue generated from the sales of variable frequency drives across the various regions. The forecast presented here assesses the total revenue, by value, generated across the variable frequency drive market. In order to offer an accurate forecast, we started by sizing the current market, which forms the basis of how the variable frequency drive market would develop in the future. Given the characteristics of the market, we triangulated the outcome of three different types of analyses, based on supply side, consumer spending and economic envelope. However, forecasting the market in terms of various variable frequency drive segments and regions is more a matter of quantifying expectations and identifying opportunities rather than rationalising them after the forecast has been completed.

It is imperative to note that in an ever-fluctuating global economy, we not only conduct forecasts in terms of CAGR, but also analyse on the basis of key parameters, such as Year-on-Year (Y-o-Y) growth, to understand the predictability of the market and to identify the right opportunities in the variable frequency drive market.

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As previously highlighted, the variable frequency drive market is split into a number of segments and sub segments. All the variable frequency drive market segments and sub segments in terms of drive types, voltage range, application types, end-use applications, end-use industries and regions are analysed on the basis of their Basis Point Share (BPS) to understand the individual segments’ relative contribution to market growth. This detailed level of information is important for the identification of various key trends in the global variable frequency drive market.

Another key feature of this report is the analysis of all key variable frequency drive market segments and sub-segments, regional adoption, revenue forecast in terms of absolute dollar and volume forecast in terms of absolute unit. This is traditionally overlooked while forecasting the market. However, absolute dollar and unit opportunity are critical in assessing the level of opportunity that a provider can look to achieve, as well as to identify potential resources from a sales and delivery perspective, present in the variable frequency drive market.

In order to understand the key segments in terms of growth & adoption of VFD across the concerned regions, Future Market Insights developed the VFD market attractiveness index. The resulting index should help providers identify the real market opportunities.

In the final section of the report, the variable frequency drive market competitive landscape is included to provide report audiences with a dashboard view, based on various categories of providers present in the value chain, their VFD product portfolio and key differentiators in the market. Key categories of providers covered in the report are variable frequency drive providers. This section is primarily designed to provide clients with an objective & detailed comparative assessment of key providers specific to a market segment in the variable frequency drive market value chain. Report audiences can gain segment-specific vendor insights to identify and evaluate key competitors based on the in-depth assessment of their capabilities and success in the variable frequency drive market place. Detailed profiles of the providers are also included in the scope of the report to evaluate their long-term and short-term strategies, key offerings and recent developments in the VFD market space. Key competitors covered in the report are Fuji Electric Co. Ltd., Mitsubishi Electric Corporation, Siemens AG, ABB Ltd., American Electric Technologies Inc., General Electric Company, Hitachi Limited, Honeywell International Inc., Rockwell Automation Inc., Johnson Controls Inc., Emerson Industrial Automation, Toshiba International Corporation and Schneider Electric SE.

Variable Frequency Drive Market

Drive Type

AC Drive

DC Drive

Servo Drive

Voltage Range

Medium Voltage

Low Voltage

Application Type

Standard

Regenerative

End-use Application

Pump

Fan

Compressor

Conveyor

HVAC

Others

End-use Industry

Oil & Gas

Food Processing

Automotive

Mining & Metals

Pulp & Paper

Others

 

Key Regions/Countries Covered

 

North America

U.S.

Canada

Latin America

Argentina

Brazil

Mexico

Other

Western Europe

Germany

Italy

France

U.K.

Spain

Nordic

Benelux

Other

Eastern Europe

Poland

Russia

Other

Asia-Pacific Excluding Japan (APEJ)

China

India

ASEAN

Australia & New Zealand

Other

Middle East & Africa

GCC

North Africa

South Africa

Other

Japan

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About Market Research Reports Search Engine (MRRSE)

Market Research Reports Search Engine (MRRSE) is an industry-leading database of Market Research Reports. MRRSE is driven by a stellar team of research experts and advisors trained to offer objective advice. Our sophisticated search algorithm returns results based on the report title, geographical region, publisher, or other keywords.

MRRSE partners exclusively with leading global publishers to provide clients single-point access to top-of-the-line market research. MRRSE’s repository is updated every day to keep its clients ahead of the next new trend in market research, be it competitive intelligence, product or service trends or strategic consulting.

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