DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/lbbqg5/variable) has announced the addition of the "Variable Frequency Drives Market by Type, Power Range, Voltage , Application, and Geography - Global Market Trends & Forecast to 2019" report to their offering.
The global variable frequency drives market is estimated to reach $22,732 million by 2019, with a projected CAGR of 6.4%, signifying a high demand for variable frequency drive and increasing concern for energy savings.
Variable Frequency Drives (VFD) is the device that is deployed alongside a motor to facilitate easier and efficient change of speed at a faster rate. These are used as energy savings units. The increasing consumption of electricity and rising process coupled with the growing infrastructural development in various regions across the globe are driving the VFD market. The increasing government support for energy savings and stringent environment regulations further fuels its growth. AC drives dominates the global variable frequency drive market with their wide applications. The major regions of the variable frequency drives market are Asia-Pacific, Latin America, and the Middle East and Africa, which constitute the most of the demand for this equipment.
Increasing Electricity Consumption and Prices: Driver of variable frequency drives market. The global VFD market has witnessed a decent growth, based on the increasing demand for electricity, and the rise in the infrastructural development in the growing economies across the globe. The biggest markets for variable frequency drives are Asia-Pacific, Europe, North America, and Latin America.
- Elevator Extruder
Key Topics Covered:
- Executive Summary
- Market Overview
- Market Analysis
- Variable Frequency Drives Market, By Type
- Market By Power & Voltage Range
- Market By Application
- Market By Geography
- Competitive Landscape
- Company Profiles
- ABB Ltd.
- American Electric Technologies Inc.
- Amtech Electronics India Ltd.
- Crompton Greaves
- Danfoss Vlt Drives
- Emerson Industrial Automation
- Fuji Electric Co., Ltd.
- Ge Energy Power Conversion
- Hiconics Drive Technology Co. Ltd.
- Hitachi Ltd.
- Honeywell International Inc.
- Johnson Controls Inc.
- Kb Electronic Inc.
- Mitsubishi Electric Corporation
- Rockwell Automation Inc.
- Schneider Electric Sa
- Siemens AG
- Toshiba International Corporation
- Vacon PLC
- Yaskawa Electric Corp.
For more information visit http://www.researchandmarkets.com/research/lbbqg5/variable