DUBLIN--(BUSINESS WIRE)--The "Variable Speed Drive Market by Type, Voltage, Application and End User - Global Opportunity Analysis and Industry Forecast, 2017-2023" report has been added to ResearchAndMarkets.com's offering.
Variable speed drive is a device that regulates the speed and rotational force of electric motor by changing the frequency of the power being fed to the motor. Motors are widely used in industries and offices. In addition, more than 65% of industrial energy is consumed by motors. Motors operate in various machines such as sewage and irrigation pumps, paper machines, power plant fans, and milking machines. Moreover, variable speed drives are essential components in electrical devices such as pump, fan, compressor, conveyor, and others where it plays a key role.
Increase in urbanization and industrialization in emerging countries such as India, China, Brazil, and others drive the demand for variable speed drive market. Further, the growth in need for energy efficiency, rise in trend for industrial automation and reduction in operating costs of any intensive industry fuel the market growth. However, high cost of deployment is expected restrain the growth of the market.
The variable speed drive market is segmented based on type, voltage, application, end user, and region. Based on type, the market is categorized into AC drive, DC drive, and servo drive. According to voltage type, the market is bifurcated into low voltage and medium voltage. Based on application, the market is divided into compressor, pumps, fans, and others. Based on end user, the market is segmented into automotive, electronic, oil & gas, power generation, and others.
- ABB Ltd.
- Siemens AG
- Rockwell Automation, Inc.
- Yaskawa Electric Corporation
- General Electric
- Crompton Greaves
- Emerson Electric
Key Topics Covered:
Chapter 1: Introduction
Chapter 2: Executive Summary
Chapter 3: Market Overview
Chapter 4: Variable Speed Drives Market By Type
Chapter 5: Variable Speed Drives Market By Voltage
Chapter 6: Variable Speed Drives Market By Application
Chapter 7: Variable Speed Drives Market By End -User
Chapter 8: Variable Speed Drives Market, By Region
Chapter 9: Company Profiles
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