About Variable Frequency Drives Market
The variable frequency drives market report by Transparency Market Research provides in-depth analysis of the global variable frequency drive industry. The report divides the market on the basis of voltage range, type, end-user and geography. It also provides the forecast and estimates for each type, range, end-use application and region. The report analyzes demand and supply characteristics of the market by providing detailed forecast and analysis of revenue for the period 2014 – 2020.
The variable frequency drives market primarily includes two types of products: low voltage and medium voltage. Growing infrastructure and manufacturing sectors are expected to be the major growth drivers for the low voltage VFD market. Medium voltage drives function at slightly higher voltages than low voltage VFDs. By nature of this property, medium voltage drives consume less electricity as compared to their low voltage counterparts. Equipment used in industries such as mining, oil and gas, and power generation function at high voltage levels. The manufacturing sector was the largest consumer of variable frequency drives globally, accounting for 29.4% of the global share in 2013. The share of the manufacturing sector is expected to further increase to 30.7% by 2020. The manufacturing sector has recently entered into a slowdown in the South American countries, while the economies of Western Europe are still recovering from their recent economic downturn.
Both the Middle East and Asia Pacific have highly developed manufacturing sectors from both economic and technical viewpoints. As infrastructure development and manufacturing activities in these regions increase, the demand for VFDs is also expected to grow at constant rates throughout the forecast period. Both the chemical processing and petrochemical industries are likely to exhibit significant growth in demand for low power AC drives in the near future.
The report includes geographical regions such as Americas, Asia Pacific, Europe and Middle East and Africa. Every region has been further bifurcated on the basis of the product segment. Revenue forecasts and estimates for each product segment have been provided for the period 2014 – 2020.
The report also provides detailed analysis and revenue of companies such as ABB Ltd., Siemens AG, Schneider Electric Industries S.A.S., Crompton Greaves Ltd. Danfoss VLT Drives, Eaton Corporation, Emerson Industrial Automation, Fuji Electric Co., Ltd., Mitsubishi Electric Corporation and Vacon PLC.
With the help of Porter’s Five Forces analysis, the report provides a detailed analysis of the various factors influencing the variable frequency drives market. The analysis also helps to understand the degree of competition prevalent in the market. Furthermore, the report analyzes the value chain and the various drivers and restraints of the global variable frequency drive market.
Global Variable Frequency Drive (VFD) Market: Voltage Range Analysis
Global Variable Frequency Drive (VFD) Market: Type Analysis
Global Variable Frequency Drive (VFD) Market: End-Use Application Analysis
Oil and Gas
Global Variable Frequency Drive (VFD) Market: Regional Analysis
Rest of Asia Pacific
Table Of Contents
Chapter 1 Preface
1.1 Report Description
1.2 Research Scope
1.3 Market Segmentation
1.4 Research Methodology
Chapter 2 Executive Summary
Chapter 3 Variable Frequency Drives Market – Industry Analysis
3.2 Market Drivers
3.2.1 Increasing need for reducing energy consumption impacting demand for variable frequency drives
3.2.2 Reliable functioning of motor is crucial for continuous operation
3.2.3 Increasing use of induction motors in wide range of applications is driving VFD
3.3 Market Restraints
3.3.1 Adverse impact of implementation costs in emerging economies
3.4 Market Opportunities
3.4.1 Legislative directives for efficient motors
3.5 Value Chain Analysis
3.6 Porters Five Forces Analysis
3.6.1 Bargaining power of supplier
3.6.2 Bargaining power of buyers
3.6.3 Threat from substitutes
3.6.4 Threat of new entrants
3.6.5 Degree of competition
Chapter 4 Variable Frequency Drive (VFD) Market: Voltage Range Segment Analysis
4.1 Global Variable Frequency Drive (VFD) Market: Voltage Range Overview
4.1.1 Global Variable Frequency Drive (VFD) Market, revenue share by voltage range segment, 2013 and 2020
4.2 Low Voltage
4.2.1 Global Low Voltage Variable Frequency Drives (VFD) consumption estimates and forecast, 2013 – 2020 (000’ Units) (USD Million)
4.2.2 Global Low Voltage Variable Frequency Drive (VFD) market estimates and forecast, by region, 2012 – 2020 (000’ Units) (USD Million)
4.3 Medium Voltage
4.3.1 Global Medium Voltage Variable Frequency Drive (VFD) consumption estimates and forecast, 2013 – 2020 (000’ Units) (USD Million)
4.3.2 Global Medium Voltage Variable Frequency Drive (VFD) market estimates and forecast, by region, 2012 – 2020 (000’ Units) (USD Million)
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