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Variable Frequency Drive (VFD) Market: Global Industry Analysis and Opportunity Assessment, 2016 - 2026

LONDON, April 19, 2016 /PRNewswire/ -- Report Synopsis

FMI 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.

Report Description

In this report, Future Market Insights 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). The global market for variable frequency drive is anticipated to witness considerable growth in the coming years. 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, FMI 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...