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The latest report on Variable Frequency Drives Market by Infinium Global Research gives complete coverage of the Variable Frequency Drives Market by voltage (low voltage, and medium voltage), type (AC drives, DC drives, and servo drives), applications (pumps, fans, compressors, conveyors), end-user (oil & gas, industrial, infrastructure, and power generation) in terms of key trends, market size, forecast and CAGR growth over the period of 2019 to 2025. In addition, the study covers deep dive into key product and applications trends in the regional markets of Variable Frequency Drives such as North America, Europe, Asia-Pacific and Latin America over the short run and long run.

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The Increase in Urbanization and Industrialization in Emerging Economies is the Major Driving Factor of the VFD Industry

The latest generation of variable frequency drives (VFD) offers increased energy efficiency, advanced functionality, improved load control, and regenerative energy capability. Variable frequency drives are finding increasing applications in pumps, fans, compressors and the trend to increase the automation of factories.

Recently, VFD comes equipped with sensors that gauge significant parameters, such as temperature and pressure to drive optimal performance. VFD powered motors require starting current that lower energy variations also reduce the possibility of electric equipment failure. It is used in applications ranging from small appliances to large compressors.

The Increase in urbanization and industrialization in emerging economies is the major driving factor of the VFD market. Further, the factors such as increasing investments in energy efficiency, rise in trend of industrial automation, and reduction in operating costs of any intensive industry fueling the growth of the VFD market.

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The VFD Saves Energy And Improve System Efficiency And It Converts Power In Hybridization Applications

The VFD saves energy and improve system efficiency and it converts power in hybridization applications. It also improves the working environment and to lower noise levels, for example from fans and pumps. Additionally, the growing use of induction motors and rules on energy efficiency are also driving the growth of the market. However, the high cost of deployment and heating problem associated with VFD hampering the growth of the market. Moreover, increasing investments in energy efficiency are anticipated to provide growth opportunities the market players.

Geographically, Asia-Pacific has a large market share of the VFD market. The factors such as prominent emerging economies, increasing government investment in energy efficient devices drive the market growth in this region. The healthy growth of the chemical and processing industry is also boosting the demand for variable frequency drives in the Asia-Pacific region. The investments made by the government, along with laws under EU regulations are boosting the market growth in the Europe region. The countries in the Middle East and Africa have an enormous potential to attract market participants to invest in the region in the future.

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Reasons to Buy this Report:

  • Comprehensive analysis of global as well as regional markets of the Variable Frequency Drives.
  • Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2025.
  • Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
  • Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.