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Global Variable Frequency Drives (VFD) Market 2019-2023 - Product Image

Global Variable Frequency Drives (VFD) Market 2019-2023

  • ID: 4756156
  • Report
  • Region: Global
  • 143 pages
  • TechNavio
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FEATURED COMPANIES

  • ABB
  • Danfoss
  • Rockwell Automation Inc.
  • Schneider Electric
  • Siemens
  • MORE
The rising need for power and the shortage of electricity are continuously compelling the governments to focus on the efficient use of electricity to achieve sustainable economic growth. The governments in different countries are issuing clear directives for utility companies and industrial operators to use power efficiency. Therefore, the use of energy-efficient devices has increased in the industrial sectors. Regulations on industrial energy consumption have compelled the industrial operators to adopt energy-efficient equipment. This would help the operators in fulfilling the energy efficiency standards and mandates.

The increasing focus toward energy efficiency in the industry premises has provided high growth opportunities for the demand for variable frequency drives. This trend is expected to have a high positive impact on the global variable frequency dives market during the forecast period. The analysts have predicted that the variable frequency drives (VFD) market will register CAGR of almost 5% by 2023.

Market Overview

Presence of regulations that mandate use of variable frequency drives in industries

The regulation on energy efficiency for motors mandates the use of variable frequency drives with such industrial motors. Therefore, with the changing government regulation on motor efficiency, the demand for variable frequency drives is expected to increase even during the forecast period.

High cost of installation

Major issues such as overvoltage and under voltage with respect to variable frequency drives are while operating them with inappropriate power supply. These drives require proper power supply to work efficiently. This is because the control panels in variable frequency drives can vary the frequency only when it receives a fixed voltage. To resolve this issue, the drives are integrated with harmonic mitigation devices. However, such devices increase the size and overall cost of the drives.

For the detailed list of factors that will drive and challenge the growth of the variable frequency drives (VFD) market during the 2019-2023, view this report.

Competitive Landscape

The market appears to be moderately fragmented and with the presence of several vendors. The market has observed a growing need for energy- efficient equipment. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market’s competitive landscape and offering information on the products offered by companies.
Note: Product cover images may vary from those shown
2 of 4

FEATURED COMPANIES

  • ABB
  • Danfoss
  • Rockwell Automation Inc.
  • Schneider Electric
  • Siemens
  • MORE
PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT
  • Preface
  • Currency conversion rates for US$
PART 03: MARKET LANDSCAPE
  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis
PART 04: MARKET SIZING
  • Market definition
  • Market sizing 2018
  • Market size and forecast 2018-2023
PART 05: FIVE FORCES ANALYSIS
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition
PART 06: MARKET SEGMENTATION BY TYPE
  • Market segmentation by type
  • Comparison by type
  • Low voltage drives - Market size and forecast 2018-2023
  • Medium voltage drives - Market size and forecast 2018-2023
  • Market opportunity by type
PART 07: CUSTOMER LANDSCAPE

PART 08: MARKET SEGMENTATION BY END-USER
  • Market segmentation by end-user
  • Comparison by end-user
  • Food and beverages - Market size and forecast 2018-2023
  • Water and wastewater treatment - Market size and forecast 2018-2023
  • Oil and gas - Market size and forecast 2018-2023
  • Power generation - Market size and forecast 2018-2023
  • Mining and metals - Market size and forecast 2018-2023
  • Other end-users - Market size and forecast 2018-2023
  • Market opportunity by end-user
PART 09: GEOGRAPHIC LANDSCAPE
  • Geographic segmentation
  • Geographic comparison
  • APAC - Market size and forecast 2018-2023
  • Europe - Market size and forecast 2018-2023
  • North America - Market size and forecast 2018-2023
  • South America - Market size and forecast 2018-2023
  • MEA - Market size and forecast 2018-2023
  • Key leading countries
  • Market opportunity
PART 10: DRIVERS AND CHALLENGES
  • Market drivers
  • Market challenges
PART 11: MARKET TRENDS
  • Technological advances in variable frequency drives
  • Advent of IoT in variable frequency drives
  • Increased need for compact and integrated drive systems
PART 12: VENDOR LANDSCAPE
  • Overview
  • Landscape disruption
  • Competitive scenario
PART 13: VENDOR ANALYSIS
  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • ABB
  • Danfoss
  • Rockwell Automation, Inc.
  • Schneider Electric
  • Siemens
PART 14: APPENDIX
  • Research methodology
  • List of abbreviations
List of Exhibits
Exhibit 01: Global industrial automation and communication market
Exhibit 02: Segments of global industrial automation and communication market
Exhibit 03: Market characteristics
Exhibit 04: Market segments
Exhibit 05: Market definition - Inclusions and exclusions checklist
Exhibit 06: Market size 2018
Exhibit 07: Global market: Size and forecast 2018-2023 ($ billions)
Exhibit 08: Global market: Year-over-year growth 2019-2023 (%)
Exhibit 09: Five forces analysis 2018
Exhibit 10: Five forces analysis 2023
Exhibit 11: Bargaining power of buyers
Exhibit 12: Bargaining power of suppliers
Exhibit 13: Threat of new entrants
Exhibit 14: Threat of substitutes
Exhibit 15: Threat of rivalry
Exhibit 16: Market condition - Five forces 2018
Exhibit 17: Type - Market share 2018-2023 (%)
Exhibit 18: Comparison by type
Exhibit 19: Low voltage drives - Market size and forecast 2018-2023 ($ billions)
Exhibit 20: Low voltage drives - Year-over-year growth 2019-2023 (%)
Exhibit 21: Medium voltage drives - Market size and forecast 2018-2023 ($ billions)
Exhibit 22: Medium voltage drives - Year-over-year growth 2019-2023 (%)
Exhibit 23: Market opportunity by type
Exhibit 24: Customer landscape
Exhibit 25: End-user - Market share 2018-2023 (%)
Exhibit 26: Comparison by end-user
Exhibit 27: Food and beverages - Market size and forecast 2018-2023 ($ billions)
Exhibit 28: Food and beverages - Year-over-year growth 2019-2023 (%)
Exhibit 29: Water and wastewater treatment - Market size and forecast 2018-2023 ($ billions)
Exhibit 30: Water and wastewater treatment - Year-over-year growth 2019-2023 (%)
Exhibit 31: Oil and gas - Market size and forecast 2018-2023 ($ billions)
Exhibit 32: Oil and gas - Year-over-year growth 2019-2023 (%)
Exhibit 33: Power generation - Market size and forecast 2018-2023 ($ billions)
Exhibit 34: Power generation - Year-over-year growth 2019-2023 (%)
Exhibit 35: Mining and metals - Market size and forecast 2018-2023 ($ billions)
Exhibit 36: Mining and metals - Year-over-year growth 2019-2023 (%)
Exhibit 37: Other end-users - Market size and forecast 2018-2023 ($ billions)
Exhibit 38: Other end-users - Year-over-year growth 2019-2023 (%)
Exhibit 39: Market opportunity by end-user
Exhibit 40: Market share by geography 2018-2023 (%)
Exhibit 41: Geographic comparison
Exhibit 42: APAC - Market size and forecast 2018-2023 ($ billions)
Exhibit 43: APAC - Year-over-year growth 2019-2023 (%)
Exhibit 44: Europe - Market size and forecast 2018-2023 ($ billions)
Exhibit 45: Europe - Year-over-year growth 2019-2023 (%)
Exhibit 46: North America - Market size and forecast 2018-2023 ($ billions)
Exhibit 47: North America - Year-over-year growth 2019-2023 (%)
Exhibit 48: South America - Market size and forecast 2018-2023 ($ billions)
Exhibit 49: South America - Year-over-year growth 2019-2023 (%)
Exhibit 50: MEA - Market size and forecast 2018-2023 ($ billions)
Exhibit 51: MEA - Year-over-year growth 2019-2023 (%)
Exhibit 52: Key leading countries
Exhibit 53: Market opportunity
Exhibit 54: Typical share of energy use by equipment in industries in 2017
Exhibit 55: Global crude oil price 2007-2016 ($ per bbl.)
Exhibit 56: Typical cost structure of variable frequency drives with different types of harmonic mitigating solutions ($ thousand)
Exhibit 57: Impact of drivers and challenges
Exhibit 58: Vendor landscape
Exhibit 59: Landscape disruption
Exhibit 60: Vendors covered
Exhibit 61: Vendor classification
Exhibit 62: Market positioning of vendors
Exhibit 63: ABB - Vendor overview
Exhibit 64: ABB - Business segments
Exhibit 65: ABB - Organizational developments
Exhibit 66: ABB - Geographic focus
Exhibit 67: ABB - Segment focus
Exhibit 68: ABB - Key offerings
Exhibit 69: Danfoss - Vendor overview
Exhibit 70: Danfoss - Business segments
Exhibit 71: Danfoss - Organizational developments
Exhibit 72: Danfoss - Geographic focus
Exhibit 73: Danfoss - Segment focus
Exhibit 74: Danfoss - Key offerings
Exhibit 75: Rockwell Automation, Inc. - Vendor overview
Exhibit 76: Rockwell Automation, Inc. - Business segments
Exhibit 77: Rockwell Automation, Inc. - Organizational developments
Exhibit 78: Rockwell Automation, Inc. - Geographic focus
Exhibit 79: Rockwell Automation, Inc. - Segment focus
Exhibit 80: Rockwell Automation, Inc. - Key offerings
Exhibit 81: Schneider Electric - Vendor overview
Exhibit 82: Schneider Electric - Business segments
Exhibit 83: Schneider Electric - Organizational developments
Exhibit 84: Schneider Electric - Geographic focus
Exhibit 85: Schneider Electric - Segment focus
Exhibit 86: Schneider Electric - Key offerings
Exhibit 87: Siemens - Vendor overview
Exhibit 88: Siemens - Business segments
Exhibit 89: Siemens - Organizational developments
Exhibit 90: Siemens - Geographic focus
Exhibit 91: Siemens - Segment focus
Exhibit 92: Siemens - Key offerings
Exhibit 93: Validation techniques employed for market sizing
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • ABB
  • Danfoss
  • Rockwell Automation Inc.
  • Schneider Electric
  • Siemens
  • MORE
Global Variable Frequency Drives (VFD) Market 2019-2023

The analyst recognizes the following companies as the key players in the global variable frequency drives (VFD) market: ABB, Danfoss, Rockwell Automation Inc., Schneider Electric, Siemens.

Commenting on the report, an analyst from the research team said: “The latest trend gaining momentum in the market is the increased need for compact and integrated drive systems.”

According to the report, one of the major drivers for this market is the increasing demand from HVAC&R applications.

Further, the report states that one of the major factors hindering the growth of this market is the intense competition between vendors.

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
  • Danfoss
  • Rockwell Automation Inc.
  • Schneider Electric
  • Siemens
Note: Product cover images may vary from those shown
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