Global Variable Frequency Drives Market Analysis, Growth, Trends & Forecast 2018-2023 - ResearchAndMarkets.com

DUBLIN--()--The "Global Variable Frequency Drives Market - Segmented by Type (AC Drives, DC Drives, Servo Drives), Power Rating, End-user, and Region - Growth, Trends, and Forecast (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.

The global variable frequency drives market was valued at USD 19.74 billion in 2017, and is expected to reach a value of USD 27.12 billion by 2023, at a CAGR of 5.35%, during the forecast period, 2018-2023.

Increasing cost of electricity and focus on energy savings are driving the HVAC market across various industry verticals. Old equipment is being replaced with improved efficiency and less energy consuming equipment. HVACs are used across industry verticals and can account for more than 50% of the total energy consumption of buildings, and variable frequency drives play an important role in reducing & controlling the energy consumption.

HVAC Systems are the most targeted components for energy efficiency while aiming at reduction in energy consumption of an infrastructure. Rising construction activities, expanding industrial bases, implementation of stringent government regulations to the use of power, and improving standards of living are anticipated to drive the HVAC systems market.

Implementation of new regulations to achieve energy efficiency is driving the demand for variable frequency drives market in the United States. California updated its energy regulations through its Title 24 building energy efficiency standards to reduce the state's energy footprint and carbon dioxide emissions.

Companies Mentioned

  • Eaton Corporation
  • Abb Ltd.
  • Crompton Greaves Consumer Electricals Limited
  • Ge Company
  • Honeywell International Inc.
  • Rockwell Automation Inc.
  • Hitachi Ltd.
  • Siemens Ag
  • Mitsubishi Corporation
  • Toshiba Corporation
  • Schneider Electric

Key Topics Covered:

1. Introduction

2. Research Methodology

3. Market Analysis

4. Market Dynamics

5. Technology Snapshot

6. Global Variable Frequecy Drive Market Segmentation

7. Competitive Intelligence

8. Investment Analysis

9. Future of the Market

For more information about this report visit https://www.researchandmarkets.com/research/jdl75l/global_variable?w=4

Contacts

ResearchAndMarkets.com
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related Topics: Electricity , Motors

Contacts

ResearchAndMarkets.com
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related Topics: Electricity , Motors