Global Variable Frequency Drives Market Worth $18,854 Million by 2017

    Global Variable Frequency Drives Market Worth $18,854 Million by 2017

  PR Newswire

  DALLAS, February 4, 2013

DALLAS, February 4, 2013 /PRNewswire/ --

The report " Variable Frequency/Speed Drives (VFD/VSD) Market, By AC And DC
Drive, Low, Medium And High Voltage Range Type, And Application (Pump, Fan,
Compressor) - Global Market Trends and Forecast To 2017 " defines and segments
the global VFD market with analysis and forecasting of the global revenue.
Variable frequency drives market will grow from an estimated $12,414 million
in 2012 to $18,854 million by 2017, with a CAGR of 8.7% from 2012 to 2017.

Browse  115 market data tables and  34 figures spread through  338 Slides 
and in-depth TOC on  " Variable Frequency/Speed Drives (VFD/VSD) Market, By
AC And DC Drive, Low, Medium And High Voltage Range Type, And Application
(Pump, Fan, Compressor)  - Global Market Trends & Forecast To 2017 " .
http://www.marketsandmarkets.com/Market-Reports/variable-frequency-drive-market-878.html
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VFD market is mainly driven by growing demand for energy efficiency and
stringent regulations about electrical motor usage implemented by Governments
globally. Asia-Pacific, due to its growing infrastructure investment and
thriving manufacturing industry, is the major growth engine for this market.

Huge potential of this market is drawing various new industry participants.
The development in the variable frequency drives technology will make its
application more convenient in electric power, cement, elevator, mining,
metallurgical, transportation, and other areas; thereby offering numerous
advantages to the industry in which these are applied. On account of changing
consumer needs and increasing applications of VFDs, the market will experience
an increase in demand in the years to come.

VFD manufacturers are constantly trying to modify their products line in order
to increase their market share which in turn helps them to bag bulk supply
contracts. This market is mainly dominated by large electronic and electrical
equipment manufacturers and few dedicated drive manufacturers. Swiss
manufacturer, ABB Ltd, is a dominant player of this market followed by Siemens
(U.S.), Schneider Electric (France), and Vacon Plc (Finland).

The report forecasts revenue of the global variable frequency drives market
and its various submarkets with respect to five main regions such as North
America, Europe & Eurasia, Asia-Pacific, Latin America, and Middle East &
Africa. At the country level U.S., China, Japan, India, Germany, France, U.K,
Russia, Italy, and several Latin American countries were analyzed.

The report segments the global VFD market by type, application, voltage and
power range, and geography. It also focuses on market share analysis, and
market metrics such as drivers, restraints, and opportunities.

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