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Marine VFD Market by Type and Geography - Forecast and Analysis 2019-2023 - Product Image

Marine VFD Market by Type and Geography - Forecast and Analysis 2019-2023

  • ID: 4846455
  • Report
  • September 2019
  • Region: Global
  • 137 pages
  • TechNavio
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FEATURED COMPANIES

  • ABB Ltd.
  • Danfoss AS
  • Eaton Corp. Plc
  • General Electric Co.
  • Hitachi Ltd.
  • Invertek Drives Ltd.
  • MORE
Global Marine VFD Market: About this market

The marine VFD market analysis considers sales from AC drive and DC drive types. Our analysis also considers the sales of marine VFD in APAC, Europe, North America, South America, and MEA. In 2018, the AC drive segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as the improved vessel performance offered by AC drive will play a significant role in the AC drive segment to maintain its market position. Also, our global marine VFD market report looks at factors such as the increasing demand for energy efficiency, growing shipbuilding industry, and demand for superior performance in marine operations. However, cost and complexity in troubleshooting, impact on connected sensitive electronic devices, and alternative methods of shipping and traveling may hamper the growth of the marine VFD industry over the forecast period.

Global Marine VFD Market: Overview

Demand for superior performance in marine operations

Marine VFD not only maintains full load capacity for marine devices and components but also allows engine operation across a wide range of speeds. This enables the efficient, precise, and reliable control of various marine engine components. It also ensures the minimization of operating time by allowing high-speed movement and performance. Such benefits of using marine VFDs for superior performance of marine and ship operations will lead to the expansion of the global marine VFD market at a CAGR of over 6% during the forecast period.

Advent of remote monitoring in VFD

Remote monitoring of marine VFDs plays a crucial role in identifying deteriorating conditions within the VFD, which can potentially cause a shutdown and result in losses for end-users. It also allows end-users to remotely troubleshoot any minor failure in marine VFDs, which enables them to reduce unplanned downtime and increase efficiency. The development of remote monitoring in VFD is expected to have a positive impact on the overall market growth.

Competitive Landscape

With the presence of several major players, the global marine VFD market is fragmented. The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading marine VFD manufacturers, that include ABB Ltd., CG Power, and Industrial Solutions Ltd., Danfoss AS, Eaton Corp. Plc, General Electric Co., Hitachi Ltd., Invertek Drives Ltd., Mitsubishi Heavy Industries Ltd., Rockwell Automation Inc., and Siemens AG.

Also, the marine VFD market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • ABB Ltd.
  • Danfoss AS
  • Eaton Corp. Plc
  • General Electric Co.
  • Hitachi Ltd.
  • Invertek Drives Ltd.
  • MORE
PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT
2.1 Preface
2.2 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
  • AC drive - Market size and forecast 2018-2023
  • DC drive - Market size and forecast 2018-2023
  • Market opportunity by type
PART 07: CUSTOMER LANDSCAPE

PART 08: 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
  • MEA - Market size and forecast 2018-2023
  • South America - Market size and forecast 2018-2023
  • Key leading countries
  • Market opportunity
PART 09: DECISION FRAMEWORK

PART 10: DRIVERS AND CHALLENGES
  • Market drivers
  • Market challenges
PART 11: MARKET TRENDS
  • Digitalization of shipbuilding industry
  • Increasing hybrid and electric propulsion in marine operations
  • Advent of remote monitoring in VFD
PART 12: VENDOR LANDSCAPE
  • Overview
  • Landscape disruption
  • Competitive scenario
PART 13: VENDOR ANALYSIS
  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • ABB Ltd.
  • CG Power and Industrial Solutions Ltd.
  • Danfoss AS
  • Eaton Corp. Plc
  • General Electric Co.
  • Hitachi Ltd.
  • Invertek Drives Ltd.
  • Mitsubishi Heavy Industries Ltd.
  • Rockwell Automation Inc.
  • Siemens AG
PART 14: APPENDIX
  • Research methodology
  • List of abbreviations
  • Definition of market positioning of vendors
List of Exhibits
Exhibit 01: Vendors: Key product offerings
Exhibit 02: Global electrical equipment market
Exhibit 03: Segments of global electrical equipment market
Exhibit 04: Market characteristics
Exhibit 05: Market segments
Exhibit 06: Market definition - Inclusions and exclusions checklist
Exhibit 07: Market size 2018
Exhibit 08: Global market: Size and forecast 2018-2023 ($ millions)
Exhibit 09: Global market: Year-over-year growth 2019-2023 (%)
Exhibit 10: Five forces analysis 2018
Exhibit 11: Five forces analysis 2023
Exhibit 12: Bargaining power of buyers
Exhibit 13: Bargaining power of suppliers
Exhibit 14: Threat of new entrants
Exhibit 15: Threat of substitutes
Exhibit 16: Threat of rivalry
Exhibit 17: Market condition - Five forces 2018
Exhibit 18: Type - Market share 2018-2023 (%)
Exhibit 19: Comparison by type
Exhibit 20: AC drive - Market size and forecast 2018-2023 ($ millions)
Exhibit 21: AC drive - Year-over-year growth 2019-2023 (%)
Exhibit 22: DC drive - Market size and forecast 2018-2023 ($ millions)
Exhibit 23: DC drive - Year-over-year growth 2019-2023 (%)
Exhibit 24: Market opportunity by type
Exhibit 25: Customer landscape
Exhibit 26: Market share by geography 2018-2023 (%)
Exhibit 27: Geographic comparison
Exhibit 28: APAC - Market size and forecast 2018-2023 ($ millions)
Exhibit 29: APAC - Year-over-year growth 2019-2023 (%)
Exhibit 30: Europe - Market size and forecast 2018-2023 ($ millions)
Exhibit 31: Europe - Year-over-year growth 2019-2023 (%)
Exhibit 32: North America - Market size and forecast 2018-2023 ($ millions)
Exhibit 33: North America - Year-over-year growth 2019-2023 (%)
Exhibit 34: MEA - Market size and forecast 2018-2023 ($ millions)
Exhibit 35: MEA - Year-over-year growth 2019-2023 (%)
Exhibit 36: South America - Market size and forecast 2018-2023 ($ millions)
Exhibit 37: South America - Year-over-year growth 2019-2023 (%)
Exhibit 38: Key leading countries
Exhibit 39: Market opportunity
Exhibit 40: Impact of drivers and challenges
Exhibit 41: Vendor landscape
Exhibit 42: Landscape disruption
Exhibit 43: Vendors covered
Exhibit 44: Vendor classification
Exhibit 45: Market positioning of vendors
Exhibit 46: ABB Ltd. - Vendor overview
Exhibit 47: ABB Ltd. - Business segments
Exhibit 48: ABB Ltd. - Organizational developments
Exhibit 49: ABB Ltd. - Geographic focus
Exhibit 50: ABB Ltd. - Segment focus
Exhibit 51: ABB Ltd. - Key offerings
Exhibit 52: CG Power and Industrial Solutions Ltd. - Vendor overview
Exhibit 53: CG Power and Industrial Solutions Ltd. - Product segments
Exhibit 54: CG Power and Industrial Solutions Ltd. - Organizational developments
Exhibit 55: CG Power and Industrial Solutions Ltd. - Geographic focus
Exhibit 56: CG Power and Industrial Solutions Ltd. - Segment focus
Exhibit 57: CG Power and Industrial Solutions Ltd. - Key offerings
Exhibit 58: Danfoss AS - Vendor overview
Exhibit 59: Danfoss AS - Business segments
Exhibit 60: Danfoss AS - Organizational developments
Exhibit 61: Danfoss AS - Geographic focus
Exhibit 62: Danfoss AS - Segment focus
Exhibit 63: Danfoss AS - Key offerings
Exhibit 64: Eaton Corp. Plc - Vendor overview
Exhibit 65: Eaton Corp. Plc - Business segments
Exhibit 66: Eaton Corp. Plc - Organizational developments
Exhibit 67: Eaton Corp. Plc - Geographic focus
Exhibit 68: Eaton Corp. Plc - Segment focus
Exhibit 69: Eaton Corp. Plc - Key offerings
Exhibit 70: General Electric Co. - Vendor overview
Exhibit 71: General Electric Co. - Business segments
Exhibit 72: General Electric Co. - Organizational developments
Exhibit 73: General Electric Co. - Geographic focus
Exhibit 74: General Electric Co. - Segment focus
Exhibit 75: General Electric Co. - Key offerings
Exhibit 76: Hitachi Ltd. - Vendor overview
Exhibit 77: Hitachi Ltd. - Business segments
Exhibit 78: Hitachi Ltd. - Organizational developments
Exhibit 79: Hitachi Ltd. - Geographic focus
Exhibit 80: Hitachi Ltd. - Segment focus
Exhibit 81: Hitachi Ltd. - Key offerings
Exhibit 82: Invertek Drives Ltd. - Vendor overview
Exhibit 83: Invertek Drives Ltd. - Business segments
Exhibit 84: Invertek Drives Ltd. - Organizational developments
Exhibit 85: Invertek Drives Ltd. - Key offerings
Exhibit 86: Mitsubishi Heavy Industries Ltd. - Vendor overview
Exhibit 87: Mitsubishi Heavy Industries Ltd. - Business segments
Exhibit 88: Mitsubishi Heavy Industries Ltd. - Organizational developments
Exhibit 89: Mitsubishi Heavy Industries Ltd. - Geographic focus
Exhibit 90: Mitsubishi Heavy Industries Ltd. - Segment focus
Exhibit 91: Mitsubishi Heavy Industries Ltd. - Key offerings
Exhibit 92: Rockwell Automation Inc. - Vendor overview
Exhibit 93: Rockwell Automation Inc. - Business segments
Exhibit 94: Rockwell Automation Inc. - Organizational developments
Exhibit 95: Rockwell Automation Inc. - Geographic focus
Exhibit 96: Rockwell Automation Inc. - Segment focus
Exhibit 97: Rockwell Automation Inc. - Key offerings
Exhibit 98: Siemens AG - Vendor overview
Exhibit 99: Siemens AG - Business segments
Exhibit 100: Siemens AG - Organizational developments
Exhibit 101: Siemens AG - Geographic focus
Exhibit 102: Siemens AG - Segment focus
Exhibit 103: Siemens AG - Key offerings
Exhibit 104: Validation techniques employed for market sizing
Exhibit 105: Definition of market positioning of vendors
Note: Product cover images may vary from those shown
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  • ABB Ltd.
  • CG Power and Industrial Solutions Ltd.
  • Danfoss AS
  • Eaton Corp. Plc
  • General Electric Co.
  • Hitachi Ltd.
  • Invertek Drives Ltd.
  • Mitsubishi Heavy Industries Ltd.
  • Rockwell Automation Inc.
  • Siemens AG.
Note: Product cover images may vary from those shown
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