Global Variable Frequency Drives Market 2017-2021

  • ID: 4395273
  • Report
  • Region: Global
  • 79 pages
  • TechNavio
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FEATURED COMPANIES

  • ABB
  • Eaton
  • Fuji Electric
  • Hitachi
  • Rockwell Automation
  • Schneider Electric
  • MORE
About Variable Frequency Drives

Variable frequency drive is a device used for controlling the frequency and voltage that is supplied to the motor, based on the application need and requirements. Variable frequency drives provide motion control and reduce the power use, as they regulate the motors and supply only the required voltage, thereby reducing power consumption. The global variable frequency drives market is segmented into the following power ratings: less than 1000 kW and greater than 1000 kW.

The analysts forecast the global variable frequency drives market to grow at a CAGR of 5.23% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global variable frequency drives market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:
  • Americas
  • APAC
  • EMEA
The report, Global Variable Frequency Drives Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • ABB
  • Danfoos
  • Rockwell Automation
  • Siemens
  • Schneider Electric
Other prominent vendors
  • Eaton
  • Emerson
  • Fuji Electric
  • General Electric
  • Hitachi
  • Mitsubishi Motors
  • Schaffner
  • SPOC Automation
  • Toshiba
  • WEG
  • Yaskawa Electric
Market drivers
  • Increasing energy efficiency by using variable frequency drives
  • For a full, detailed list, view the full report
Market challenges
  • Limitation of variable frequency drives in high-speed responses
  • For a full, detailed list, view the full report
Market trends
  • Improved cooling and increased functionality of the drives
  • For a full, detailed list, view the full report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
You can request one free hour of the analyst’s time when you purchase this market report. Details are provided within the report.
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Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • ABB
  • Eaton
  • Fuji Electric
  • Hitachi
  • Rockwell Automation
  • Schneider Electric
  • MORE
PART 01: Executive summary

PART 02: Scope of the report

PART 03: Research Methodology

PART 04: Introduction
  • Market outline
PART 05: Market landscape
  • Market overview
  • Market size and forecast
  • Five forces analysis
PART 06: Market e by power rating
  • Market overview
  • Global variable frequency drives market by power rating less than 1000 kW
  • Global variable frequency drives market by power rating greater than 1000 kW
PART 07: Market segmentation by end-user
  • Market overview
  • Global variable frequency drives market in food and beverage industry
  • Global variable frequency drives market in water and wastewater treatment industry
  • Global variable frequency drives market in oil and gas industry
  • Global variable frequency drives market in power generation industry
  • Global variable frequency drives market in mining and metals industry
  • Global variable frequency drives market in others industry
PART 08: Geographical segmentation
  • Market overview
  • Variable frequency drives market in APAC
  • Variable frequency drives market in EMEA
  • Variable frequency drives market in Americas
PART 09: Decision framework

PART 10: Drivers and challenges
  • Market drivers
  • Market challenges
PART 11: Market trends
  • Improved cooling and increased functionality of the drives
  • Integration of IoT in drives
  • Increasing need for regenerative drives
  • Regulations on energy efficiency and growing concern for renewable energy
PART 12: Vendor landscape
  • Competition review
  • Other prominent vendors
PART 13: Key vendor analysis
  • ABB
  • Danfoss
  • Rockwell Automation
  • Siemens
  • Schneider Electric
PART 14: Appendix
  • List of abbreviations
List of Exhibits
Exhibit 01: Benefits of variable frequency drives
Exhibit 02: Supply chain analysis
Exhibit 03: Key stakeholders in the global variable frequency drives market
Exhibit 04: Global variable frequency drives market segmentation
Exhibit 05: Global variable frequency drives market 2016-2021 ($ billions)
Exhibit 06: Five forces analysis
Exhibit 07: Global variable frequency drives market segmentation by power rating
Exhibit 08: Global variable frequency drives market by power rating 2016 and 2021 (%)
Exhibit 09: Global variable frequency drives market by power rating less than 1000 kW 2016-2021 ($ billions)
Exhibit 10: Global variable frequency drives market by power rating greater than 1000 kW 2016-2021 ($ billions)
Exhibit 11: Variable frequency drives for high power rating applications
Exhibit 12: Global variable frequency drives market segmentation by end-users
Exhibit 13: Global variable frequency drives market by end-users 2016 and 2021 (%)
Exhibit 14: Global variable frequency drives market in food and beverage industry 2016-2021 ($ millions)
Exhibit 15: Global variable frequency drives market in water and wastewater treatment industry 2016-2021 ($ millions)
Exhibit 16: Global variable frequency drives market in oil and gas industry 2016-2021 ($ millions)
Exhibit 17: Global variable frequency drives market in power generation industry 2016-2021 ($ millions)
Exhibit 18: Global variable frequency drives market in mining and metals industry 2016-2021 ($ millions)
Exhibit 19: Global variable frequency drives market in others industry 2016-2021 ($ millions)
Exhibit 20: Global variable frequency drives market by geography 2016 and 2021 (%)
Exhibit 21: Variable frequency drives market in APAC 2016-2021 ($ billions)
Exhibit 22: Variable frequency drives market in EMEA 2016-2021 ($ billions)
Exhibit 23: Variable frequency drives market in Americas 2016-2021 ($ billions)
Exhibit 24: Typical share of energy utilization by equipment in industries in 2016
Exhibit 25: Total harmonic distortion voltage (THDV) level
Exhibit 26: Other prominent vendors
Exhibit 27: ABB: Business verticals
Exhibit 28: ABB: Industries served
Exhibit 29: ABB: Products
Exhibit 30: Danfoss: Industries served
Exhibit 31: Danfoss: Products manufactured in the global variable frequency drives market
Exhibit 32: Rockwell Automation: Business segmentation
Exhibit 33: Rockwell Automation: Products manufactured in the global variable frequency drives market
Exhibit 34: Siemens: Business Segments
Exhibit 35: Siemens: Products manufactured in the global variable frequency drives market
Exhibit 36: Siemens: Highlights
Exhibit 37: Schneider Electric: Products manufactured in the global variable frequency drives market
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FEATURED COMPANIES

  • ABB
  • Eaton
  • Fuji Electric
  • Hitachi
  • Rockwell Automation
  • Schneider Electric
  • MORE
New Report Released: - Global Variable Frequency Drives Market 2017-2021

The author of the report recognizes the following companies as the key players in the global variable frequency drives market: ABB, Danfoos, Rockwell Automation, Siemens, and Schneider Electric.

Other Prominent Vendors in the market are: Eaton, Emerson, Fuji Electric, General Electric, Hitachi, Mitsubishi Motors, Schaffner, SPOC Automation, Toshiba, WEG, and Yaskawa Electric.

Commenting on the report, an analyst from the research team said: “One trend in the market is improved cooling and increased functionality of the drives. Variable frequency drives heat up when supplying a large load to energy-intensive industries. The heat needs to be controlled inside the drive for proper functioning in order to perform tasks efficiently. For cooling the drives, a proper cooling arrangement needs to be done so that the temperature remains constant, which results in increased costs.”

According to the report, one driver in the market is increasing energy efficiency by using variable frequency drives. The global variable frequency drives market is fueled by the strong demand for energy-efficient products and technologies in plant premises. Various regulations are laid down by regulatory bodies, which include adherence to the use of higher energy-efficient motors, are pushing end-users to adopt technologies that can help them optimize the operations along with energy-efficiency. The importance of energy-efficient drives has gained a significant momentum over the last decade. Electricity has become a key concern for various industries, especially in developing countries because of severe power shortages.

Further, the report states that one challenge in the market is limitation of variable frequency drives in high-speed responses. Variable frequency drives face issues while operating with inappropriate power supply, such as overvoltage and under voltage. These drives require a proper power supply to work efficiently, as controlling panels in variable frequency drives can vary the frequency only when it receives a fixed voltage. To solve this issue, the drives should have proper harmonic mitigation devices. However, such devices increase the size of the drives, which results in an increase in heat generation. Cooling facilities are required to regulate the heat and improve the performance of the drives, leading to increased costs.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Note: Product cover images may vary from those shown
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  • ABB
  • Danfoos
  • Rockwell Automation
  • Siemens
  • Schneider Electric
  • Eaton
  • Emerson
  • Fuji Electric
  • General Electric
  • Hitachi
  • Mitsubishi Motors
  • Schaffner
  • SPOC Automation
  • Toshiba
  • WEG
  • Yaskawa Electric
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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