Research and Markets: Global Variable Frequency Drive Market 2016-2020 – Segmentation by Voltage Range & Product
By Business Wire News
Research and Markets (http://www.researchandmarkets.com/research/43wbcr/global_variable) has announced the addition of the “Global Variable Frequency Drive Market 2016-2020” report to their offering.
The research report predicts the global variable frequency drives (VFD) market to grow steadily at a CAGR of nearly 8% by 2020.
Low power rating drives of less than 1 MW are slowly gaining popularity in the market. Technological advances have enabled end-users to manufacture and provide compact and energy-efficient devices that use low power rating drives. Also, the rising demand for HVAC systems has intensified the need for such drives. These drives are used for motors with low power ratings and are widely used in applications such as cranes, hoists, fan applications, and lower capacity pumps, thus steadily fueling the growth of global VFD market.
According to the report, VFDs are increasingly being applied in HVAC systems as energy management tools. VFDs act as energy-saving devices in fans, pumps, air handling units, and chillers. They are increasingly used in equipment having variable load applications. Typically, energy savings vary from 30% to 50% when using a VFD.
Further, the report states that the substantial initial investment required to enter the market restricts the overall growth of the market.
- Electric Technologies
- Amtech Electronics India
- Fuji Electric
- Hiconics Drive Technology
- Johnson Controls
- Mitsubishi Electric
- Schneider Electric.
Key Topics Covered:
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by voltage range
PART 07: Market segmentation by product
PART 08: Geographical segmentation
PART 09: Market drivers
PART 10: Impact of drivers
PART 11: Market challenges
PART 12: Impact of drivers and challenges
PART 13: Market trends
PART 14: Vendor landscape
PART 15: Key vendor analysis
For more information visit http://www.researchandmarkets.com/research/43wbcr/global_variable
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