Variable Frequency Drive Market Size, Share, Industry, Analysis, Price, Report and Forecast 2020-2027

Japan, Japan, Fri, 16 Jul 2021 01:59:50 / Comserve Inc. / -- General Electric, Johnson Controls International plc, Eaton Corporation plc, Honeywell International Inc., Rockwell Automation, Inc, ABB, Schneider Electric, Danfoss, Siemens, and Amtech.

According to Research Dive analysis, the global variable frequency drive market is estimated to generate a revenue of $25,180.7 million by 2027, growing from $17,574.5 million in 2019, at a healthy CAGR of 4.8%.

Impact Analysis of COVID-19 on the Global Application Security Market:

The global variable frequency drive market experienced a decreased growth rate during the COVID-19 pandemic. The global supply and demand mechanism of necessary raw materials along with transportation of goods across the globe was halted. However, essential sectors such as power generation, construction, and oil & gas were exempted from the lockdown restrictions that were implemented globally.

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"The Final Report will cover the impact analysis of COVID-19 on this industry (Global And Regional Market)."

To mitigate the effect of the global pandemic, many companies operating in the market adopted new methods of operation such as virtual monitoring, remote access, and control of the devices with implementation of technologies such as Internet of Things (IOT) and automation in the manufacturing units.

Variable Frequency Drive Market Analysis:

The global variable frequency drive market experienced a growth due to increased demand for energy efficiency of electrical equipment such as motors, pumps, compressors and others across different verticals ranging from commercial and residential structures, industrial manufacturing units, mining activities, and others. The energy consumption can be reduced, and operational efficiency can be improved with the utilization of variable frequency drive in electrical equipment's due to its better voltage regulation characteristics. These factors are expected to drive the variable frequency drive market.

Higher capital investment will be one of the restricting factors which can hamper the growth of the variable frequency drive market during the forecast period.

The implementation of new strategies such as product development and introducing innovation in products is expected to bring new opportunities for this market. In March 2021, an US based electrical goods manufacturing company, Honeywell International Inc, developed a new turbine for power generation and to be used in aviation sector. These types of technological developments are expected to increase the growth of the variable frequency drive market during forecast period.

Based on type, the market has been sub segmented into AC drive, DC drive and servo drive. Servo drive sub-segment is predicted to have the fastest market growth and it is expected that the market shall generate a revenue of $10,518.1 million by 2027.

Based on power range, the segment is subcategorized into micro, low, medium, and high-power range variable frequency drive. The medium power range sub-segment is projected to have a dominating market share in the global market and register a revenue of $ 8,879.3 million by 2027.

Based on the application, the application segment is further sub- segmented into pumps, conveyors, HVAC systems, and electric fans. The HVAC systems sub-segment is fastest growing along with holding the maximum market share and is anticipated to reach $7,235.6 million by 2027.

Based on geographical scope, the market was researched across North America, Europe, Asia-Pacific, and LAMEA. Asia-pacific region is estimated to dominate the variable frequency drive market for the prediction period. This market generated a revenue of $6,114.3 million in 2019.

The companies involved in the global variable frequency drive market are General Electric, Johnson Controls International plc, Eaton Corporation plc, Honeywell International Inc., Rockwell Automation, Inc, ABB, Schneider Electric, Danfoss, Siemens, and Amtech.

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"The Final Report will cover the impact analysis of COVID-19 on this industry (Global And Regional Market)."

Table of Content

1.Research Methodology

1.1.Desk Research
1.2.Real time insights and validation
1.3.Forecast model
1.4.Assumptions and forecast parameters

1.4.1.Assumptions
1.4.2.Forecast parameters

1.5.Data sources

1.5.1.Primary
1.5.2.Secondary

2.Executive Summary

2.1.360° summary
2.2.Type trends
2.3.Power range trends
2.4.Application trends
2.5.End-user trends

3.Market overview

3.1.Market segmentation & definitions
3.2.Key takeaways

3.2.1.Top investment pockets
3.2.2.Top winning strategies
3.3.Porter's five forces analysis

3.3.1.Bargaining power of consumers
3.3.2.Bargaining power of suppliers
3.3.3.Threat of new entrants
3.3.4.Threat of substitutes
3.3.5.Competitive rivalry in the market

3.4.Market dynamics

3.4.1.Drivers
3.4.2.Restraints
3.4.3.Opportunities

3.5.Technology landscape
3.6.Regulatory landscape
3.7.Patent landscape
3.8.Strategic overview

4.Variable Frequency Drive Market, by Type

4.1.AC Drive

4.1.1.Market size and forecast, by region, 2019-2027
4.1.2.Comparative market share analysis, 2019-2027

4.2.DC Drive

4.2.1.Market size and forecast, by region, 2019-2027
4.2.2.Comparative market share analysis, 2019-2027

4.3.Servo Drive

4.3.1.Market size and forecast, by region, 2019-2027
4.3.2.Comparative market share analysis, 2019-2027

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