According to a new market report published by Credence Research, Inc. “Variable Frequency Drive Market By Drive Type (AC Drive, DC Drive, Servo Drive), By Voltage Range (Low Range, Medium Range), By Application (Pump, Fan, Compressor, Conveyor, HVAC, Others), By End User (Oil & Gas, Food Processing, Automotive, Mining & Metals, Pulp & Papers, Others) – Growth, Share, Opportunities & Competitive Analysis, 2016 – 2024”, the global Variable Frequency Drive ... Read more
The factor which drives the growth of variable frequency drive market is increase in urbanization and industrialization in developing countries. Other factors driving the growth of these market are regulation on efficiency of energy, growing trends in industrial automation, efficient utilization of energy and increase in construction activities, power transmission & distribution. The utilization of VFDs, also results in the reduction of ... Read more
Future Market Insights (FMI) delivers key insights on the global variable frequency drive market in its latest report titled “Variable Frequency Drive (VFD) Market: Global Industry Analysis and Opportunity Assessment, 2016 - 2026.” According to FMI’s report, the variable frequency drive (VFD) market is expected to increase at 7.2% CAGR in terms of value during 2016-2026; volume-wise, FMI estimates the VFD market to expand at 8.5% CAGR. ... Read more
Smart grid technology has been anticipated to create lucrative growth avenues for VFD (variable frequency drive) manufacturers in the forthcoming years. This is primarily attributed to the developing applications of VFD (variable frequency drive) in smart grids for varying voltage and phase angle required. This in turn ensures more effective transmission of electricity. Key plyers in VFD (variable frequency drive) market are taking immense efforts in focusing on introducing bundled solutions ... Read more
Market Research Reports Search Engine (MRRSE) has recently updated its massive report catalogue by adding a fresh study titled “Variable Frequency Drive (VFD) Market Future Opportunities Recorded for the Period until 2026 - MRRSE”. This business intelligence study encapsulates vital details about the market current as well as future status during the mentioned forecast period of 2026.The ... Read more
Variable frequency drive (VFD) has gained paramount importance among process engineers, who constantly seek energy-efficient motor control systems, with an aim of curtailing energy consumption in industrial operations. Considerable growth has been estimated for variable frequency drive market, underpinned mainly by technological advancements that have led to minimization of the VFD’s ... Read more
