Global Variable Frequency Drives (Micro, Low, Medium, High) Market - Market Trends & Forecast to 2019

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Oct 24, 2014, 11:58 ET

DUBLIN, Oct. 24, 2014 /PRNewswire/ -- Research and Markets 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.

A Variable Frequency Drive (VFD) is also known as adjustable speed drive, variable speed drive, or an inverter. It is a device which adjusts the speed and torque of the motor in electronic and electrical appliances. By adjusting the speed of the overall process in the system, this device helps in meeting the process requirements. This helps in achieving optimum output for the system, thereby increasing its efficiency.

This report estimates the variable frequency drive market in terms of volume and value. The volume market is estimated in terms of number of unit shipments and value in terms of revenue ($ million). This has been broken down into component regions and is further split into countries.

Increasing consumption of electricity coupled with rising electricity prices across the globe are the key trends driving the market. However, higher implementation costs of drives can affect the growth of this market. Most variable frequency drives are applied on Alternating Current (AC) electric motors in the industrial manufacturing. There are some Direct Current (DC) electric motor applications that apply variable frequency drives, but most manufacturers seek AC motors because DC motors are expensive and often fail. Variable frequency drives can also be used as a phase converters, when three phase motors need to be operated from single phase power. The market is technologically driven and most of the companies seek new product development to have a competitive edge.

This report makes use of various secondary sources such as encyclopedias, directories, and databases to identify and collect information that was useful for this extensive commercial study of the global variable frequency drives market. The primary sources are experts and suppliers from the industry who have all been interviewed to obtain and verify critical information, as well as to assess the future prospects of the variable frequency drives market.

This report also profiles leading players of this industry, along with their recent developments and other strategic industry activities. Some of the key companies profiled include ABB Ltd. (Switzerland), American Electric Technologies Inc. (AETI) (U.S.), Amtech Electronics India Ltd. (India), Crompton Greaves (India), Danfoss VLT Drives (Denmark), Eaton (Ireland), Emerson Industrial Automation (U.S.), Fuji Electric Co., Ltd. (Japan), GE Energy Power Conversion (U.S.), Hiconics Drive Technology Co. Ltd. (China), Hitachi Ltd. (Japan), Honeywell International Inc. (U.S.), Johnson Controls Inc. (U.S.), KB Electronics, Inc. (U.S.), Mitsubishi Electric Corporation (Japan), Rockwell Automation Inc. (U.S.), Schneider Electric (France), Siemens AG (Germany), Toshiba International Corporation (TIC) (Japan), Vacon PLC (Finland), Yaskawa Electric Corp (Japan).

Key Topics Covered:

1 Introduction

2 Executive Summary

3 Market Overview

4 Market Analysis

5 Variable Frequency Drives Market, By Type

6 Market By Power & Voltage Range

7 Market By Application

8 Market By Geography

9 Competitive Landscape

10 Company Profiles

Companies Mentioned: