Global Variable Frequency Drives Market Led by Asia Pacific, to Reach Nov 2016 | Page 2

Variable Frequency Drives Market

REPORT DESCRIPTION

Variable Frequency Drives Market - Global Industry Analysis, Size, Share, Growth Trends And
Forecast 2014 - 2020
Transparency Market Research has released a new market report titled Variable Frequency Drives Market Global Industry Analysis, Size, Share, Growth Trends And Forecast, 2014 – 2020. The report defines and
segments the variable frequency drives market, providing analysis and forecast of the global revenue.
According to the report, the global variable frequency drives market was valued at USD 15,489.0 million in
2013 and is likely to reach USD 24,703.4 million by 2020, expanding at a CAGR of 7.0% between 2014 and
2020.
Browse Variable Frequency Drives Market Report with Full TOC at
http://www.transparencymarketresearch.com/variable-frequency-drives-market.html
The variable frequency drives market includes two types of products: low voltage and medium voltage.
Low voltage drives currently occupy the major share in the global variable frequency drives market.
Growing infrastructure and manufacturing sectors are expected to be major growth drivers for the low
voltage VFD market. Apart from saving energy, low voltage VFDs also provides additional benefits to
various operations across industries. Some of these benefits include minimized maintenance requirements,
improved process control performance, and enhanced motor and equipment life.
Growth in market share of servo VFDs is expected to be the highest. However, the market shares of both
AC and DC VFDs are likely to contract in the near future. Applications of robotics in industrial processes are
high. Servo drives are useful for monitoring and controlling robotic movements for a particular operation.
Rapidly growing market for electric vehicles is also expected to further boost the demand for servo VFDs.
Both the chemical processing and petrochemical industries are likely to exhibit a significant growth in
demand for low power AC drives in the near future.
The market for variable frequency drives (VFD) has been segmented on the basis of end-user applications
into manufacturing, chemical processing, infrastructural development, oil & gas, automotive, power
generation and others. The manufacturing sector was the largest consumer of variable frequency drives
globally in 2013. The sector’s market share is expected to further increase by 2020. The manufacturing
sector has recently entered into a slowdown in the South American countries, while the economies of
Western Europe are still recovering from the downturn.
The global market for variable frequency drives (VFD) has been segmented into four regions: the Americas,
Asia Pacific, Europe, and Middle East and Africa. The America’s region has been further sub-segmented into
North America and South America. A similar approach has been taken for Asia Pacific, wherein the region
has been sub-segmented into China and the Rest of Asia Pacific. Asia Pacific dominated the global market
for VFDs in 2013. The region’s market share is further anticipated to increase by 2020. Rapid development
of the manufacturing and chemical processing industries in the emerging economies of India and China

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