Future Market Insights provides a report on the variable frequency drive (VFD) market. The VFD market is expected to grow at a CAGR of 7.2% from 2016-2026. Growth is driven by increasing energy prices and tighter energy efficiency regulations. The report segments the market by drive type, voltage range, application type, end use application, and end use industry. Asia Pacific Excluding Japan currently dominates the market and is expected to remain the largest region during the forecast period. Key players in the VFD market include Fuji Electric, Mitsubishi Electric, Siemens, ABB, and others.

1. Variable Frequency Drive (VFD) Market
December 2017
©2015 Future Market Insights, All Rights
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Report Id : REP-GB-140
Status : Publish
Category : Industrial Automation and
Equipment

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4. 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.
Growth of the global variable frequency drive market is mainly driven
upsurge in energy prices, introduction of variable frequency drives that
can be retrofitted on existing motors, widening application areas, and
tightening of energy-efficiency norms. VFD manufacturers are focusing
on diversifying their variable frequency drive portfolio in order to
enhance their presence in the market.
FMI’s report has segmented the variable frequency drive
market on the basis of drive type, voltage range, application
type, end-use application, and end-use industry.
Variable Frequency Drive (VFD) Market
©2015 Future Market Insights, All Rights
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5. On the basis of drive type, the market has been segmented into AC, DC
and Servo variable frequency drive segments. The AC variable
frequency drive segment accounted for over 70% value share of the
global variable frequency drive market in 2014. However, by the end of
2026, this segment is expected to witness a decline of 110 BPS in its
market share.
On the basis of voltage range, the VFD market is segmented into
medium and low. Low voltage range VFDs account for higher market
share, and this segment is expected to increase at 7% CAGR in terms
of revenue.
Variable frequency drive market segmentation by application
type includes standard and regenerative segments. In terms of value
as well as volume, the regenerative application type segment is
anticipated to expand at a higher CAGR during 2016-2026.
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Variable Frequency Drive (VFD) Market
©2015 Future Market Insights, All Rights
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6. By end-use application, the global variable frequency drive market is
segmented into pump, HVAC, fans, compressor, conveyor and ‘other’.
Among these, the pump segment dominated the overall market in
terms of value with over 30% share in 2014; however, this segment will
witness a decrease of 90 BPS in its market share by the end of 2026.
By end-use industry, the market is segmented into oil & gas, food
processing, automotive, metals & mining, pulp & paper and other end-
use industries. Of these segments, the oil & gas end-use industry
segment dominated the market in terms of both value and volume
contribution in 2014.
Region-wise, the Asia Pacific Excluding Japan (APEJ) market
dominated the global VFD market in 2014, accounting for over 30%
share in terms of both value and volume. APEJ is expected to remain
the most lucrative market for variable frequency drives during the
forecast period as well. Expansion of industrial base and manufacturing
capacities is fuelling the growth of APEJ market.
Variable Frequency Drive (VFD) Market
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7. Key Players in Variable Frequency Drive Market
Some of the key players identified in the global variable frequency
drive market are Fuji Electric Co. Ltd., Mitsubishi Electric Corporation,
Siemens AG, ABB Ltd., American Electric Technologies Inc., General
Electric Company, Hitachi Limited, Honeywell International Inc.,
Rockwell Automation Inc., Johnson Controls Inc., Emerson Industrial
Automation, Toshiba International Corporation and Schneider Electric
SE. Major players in the market follow the strategy of introducing
innovative and cost-effective variable frequency drives to buy out
competition.
Variable Frequency Drive (VFD) Market
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8. ©2015 Future Market Insights, All Rights
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Future Market Insights Global & Consulting Private Limited (FMI)
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T: +44 20 7692 8790 | D: +44 20 3287 4268
Email: hari.t@futuremarketinsights.com
To know more about us, please visit our website:
www.futuremarketinsights.com
For sales queries or new topics email us on:
sales@futuremarketinsights.com
For media queries, contact the press office at
press@futuremarketinsights.com
For other queries contact:
Harish Tiwari
(General Manager & Global Head Business
Development)
Future Market Insights: 3rd Floor,
207 Regent Street, London W1B 3HH
T: +44 20 7692 8790 | D: +44 20 3287 4268
Email: hari.t@futuremarketinsights.com
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