The Latin America, Middle East and Africa Variable Frequency Drive (VFD) Market is expected to witness market growth of 7.5% CAGR during the forecast period (2019-2025).
AC drives are used in different sectors, such as power generation, oil and gas, food and beverages, and metal and mining. Variable speed drives are used in the manufacturing process to power rotating equipment like conveyors, fans, pumps, and machine spindles, and to increase the industry's energy efficiency. Therefore, growth in the end-use sector is expected to fuel the overall growth of the VFD market over the coming years.
One of the market's main challenges is the elevated initial cost of variable speed drives making integration into electrical drives a costly process. The cost of these drives varies according to the power rating, size, and applications in which they are being used. Based on their operations, output level, and operating power range, the low and medium voltage variable frequency drives which account for a significant share of market revenue are overpriced in the market. In addition, a shortage of skilled labor is also projected to hamper market growth in the most developing economies over the forecast period.
Based on Product Type, the market is segmented into AC Drives, DC Drives and Servo Drives. Based on Power Range, the market is segmented into Low, Medium, Micro and High. Based on Application, the market is segmented into Pumps, Electric Fans, HVAC, Conveyers and Extruders & Others. Based on End User, the market is segmented into Oil & Gas, Industrial, Food & Beverages, Power Generation, Infrastructure, Automotive and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include ABB Group, Hitachi, Ltd., Eaton Corporation PLC, Rockwell Automation, Inc., Nidec Corporation, Siemens AG, Schneider Electric SE, Mitsubishi Heavy Industries Ltd., Fuji Electric Co., Ltd., and The Danfoss Group
Scope of the Study
Market Segmentation:
By Product Type
By Power Range
By Application
By End User
By Country
Companies Profiled
Unique Offerings from the Publisher
AC drives are used in different sectors, such as power generation, oil and gas, food and beverages, and metal and mining. Variable speed drives are used in the manufacturing process to power rotating equipment like conveyors, fans, pumps, and machine spindles, and to increase the industry's energy efficiency. Therefore, growth in the end-use sector is expected to fuel the overall growth of the VFD market over the coming years.
One of the market's main challenges is the elevated initial cost of variable speed drives making integration into electrical drives a costly process. The cost of these drives varies according to the power rating, size, and applications in which they are being used. Based on their operations, output level, and operating power range, the low and medium voltage variable frequency drives which account for a significant share of market revenue are overpriced in the market. In addition, a shortage of skilled labor is also projected to hamper market growth in the most developing economies over the forecast period.
Based on Product Type, the market is segmented into AC Drives, DC Drives and Servo Drives. Based on Power Range, the market is segmented into Low, Medium, Micro and High. Based on Application, the market is segmented into Pumps, Electric Fans, HVAC, Conveyers and Extruders & Others. Based on End User, the market is segmented into Oil & Gas, Industrial, Food & Beverages, Power Generation, Infrastructure, Automotive and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include ABB Group, Hitachi, Ltd., Eaton Corporation PLC, Rockwell Automation, Inc., Nidec Corporation, Siemens AG, Schneider Electric SE, Mitsubishi Heavy Industries Ltd., Fuji Electric Co., Ltd., and The Danfoss Group
Scope of the Study
Market Segmentation:
By Product Type
- AC Drives
- DC Drives
- Servo Drives
By Power Range
- Low
- Medium
- Micro
- High
By Application
- Pumps
- Electric Fans
- HVAC
- Conveyers
- Extruders & Others
By End User
- Oil & Gas
- Industrial
- Food & Beverages
- Power Generation
- Infrastructure
- Automotive
- Others
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Companies Profiled
- ABB Group
- Hitachi, Ltd.
- Eaton Corporation PLC
- Rockwell Automation, Inc.
- Nidec Corporation
- Siemens AG
- Schneider Electric SE
- Mitsubishi Heavy Industries Ltd.
- Fuji Electric Co., Ltd.
- The Danfoss Group
Unique Offerings from the Publisher
- Exhaustive coverage
- Highest number of market tables and figures
- Subscription based model available
- Guaranteed best price
- Assured post sales research support with 10% customization free
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market Overview
Chapter 3. Competition Analysis - Global
Chapter 4. LAMEA Variable Frequency Drive Market by Product Type
Chapter 5. LAMEA Variable Frequency Drive Market by Power Range
Chapter 6. LAMEA Variable Frequency Drive Market by Application
Chapter 7. LAMEA Variable Frequency Drive Market by End User
Chapter 8. LAMEA Variable Frequency Drive Market by Country
Chapter 9. Company Profiles
Companies Mentioned
- ABB Group
- Hitachi, Ltd.
- Eaton Corporation PLC
- Rockwell Automation, Inc.
- Nidec Corporation
- Siemens AG
- Schneider Electric SE
- Mitsubishi Heavy Industries Ltd.
- Fuji Electric Co., Ltd.
- The Danfoss Group
Methodology
LOADING...
