Design Con 2015
Breaking News
Comments
Newest First | Oldest First | Threaded View
sachin602
User Rank
Rookie
Variable Frequency Drives Market worth $18,854 Million by 2017 with a CAGR of 8.7% - - Global Market Trends and Forecast To 2017
sachin602   8/8/2014 9:30:51 AM
NO RATINGS

The report "Variable Frequency/Speed Drives (VFD/VSD) Market, By AC And DC Drive, Low, Medium And High Voltage Range Type, And Application (Pump, Fan, Compressor) - Global Market Trends and Forecast To 2017" defines and segments the global VFD market with analysis and forecasting of the global revenue. Variable frequency drives market will grow from an estimated $12,414 million in 2012 to $18,854 million by 2017, with a CAGR of 8.7% from 2012 to 2017.

Browse 115 market data tables and 34 figures spread through 338 Slides and in-depth TOC on "Variable Frequency/Speed Drives (VFD/VSD) Market, By AC And DC Drive, Low, Medium And High Voltage Range Type, And Application (Pump, Fan, Compressor) – Global Market Trends & Forecast To 2017".

FOR PDF DOWNLOAD: http://www.marketsandmarkets.com/pdfdownload.asp?id=878


Global Variable Frequency Drives (VFD) or Variable Speed Drive (VSD) or Adjustable Speed Drives (ASD) or Frequency Inverter market is witnessing high growth on an account of increasing infrastructure expenditure and growing demand for efficiency around the globe, especially in Asia-Pacific region. Asia-Pacific holds major market share followed by Europe and North America. In terms of individual countries, the market is dominated by China on an account of its thriving and expanding manufacturing sector which is the biggest consumer of VFDs.

Major players of this market are ABB Ltd (Switzerland), Siemens Industry Inc. (U.S.), Schneider Electric SA (France), Rockwell Automation (U.S.), Danfoss Drives (Denmark), and Yaskawa Electric Corp (Japan). Most of these companies mainly relied on growth strategies such as new products launch and acquisitions & expansions. The growing demand for VFDs globally has prompted most of the companies to launch highly innovative and customized products, influencing them to bag more supply contracts to improve their market share.

Every company, whether big or small, wants to penetrate deeper into the existing market and at the same time expand into new and emerging markets to increase their sales margin; thereby increasing their overall revenue. The companies involved in VFD business are thus expanding into emerging markets such as Asia-Pacific, Russia, and South America.

Recent slump experienced by electrical and electronic manufacturing industry along with an implementation costs and downtime involved with an application of VFD has pegged the growth of this market. But this effect would be negated in the long run and the market would continue to grow at a very significant rate in the future due to an increasing awareness about numerous advantages offered by drives and due to recent imposition of stricter energy efficiency norms by various regulatory authorities all over the world.

 



Flash Poll
Top Comments of the Week
Like Us on Facebook
EE Times on Twitter
EE Times Twitter Feed

Datasheets.com Parts Search

185 million searchable parts
(please enter a part number or hit search to begin)
EE Life
Frankenstein's Fix, Teardowns, Sideshows, Design Contests, Reader Content & More
Max Maxfield

Want to Present a Paper at ESC Boston 2015?
Max Maxfield
8 comments
I tell you, I need more hours in each day. If I was having any more fun, there would have to be two of me to handle it all. For example, I just heard that I'm going to be both a speaker ...

Martin Rowe

No 2014 Punkin Chunkin, What Will You Do?
Martin Rowe
Post a comment
American Thanksgiving is next week, and while some people watch (American) football all day, the real competition on TV has become Punkin Chunkin. But there will be no Punkin Chunkin on TV ...

Rich Quinnell

Making the Grade in Industrial Design
Rich Quinnell
12 comments
As every developer knows, there are the paper specifications for a product design, and then there are the real requirements. The paper specs are dry, bland, and rigidly numeric, making ...

Martin Rowe

Book Review: Controlling Radiated Emissions by Design
Martin Rowe
1 Comment
Controlling Radiated Emissions by Design, Third Edition, by Michel Mardiguian. Contributions by Donald L. Sweeney and Roger Swanberg. List price: $89.99 (e-book), $119 (hardcover).