PUNE, India, February 3, 2017 /PRNewswire/ --

The report "Variable Frequency Drive Market by Type (AC, DC, and Servo), End-Users (Industrial, Infrastructure, Oil & Gas, and Power Generation), Application (Pumps, Fans, Compressors, Conveyors, Extruders), Power Range, Voltage, and Region - Global Forecast to 2021" published by MarketsandMarkets, the market is expected to grow from an estimated USD 18.61 Billion in 2016 to USD 24.8 Billion by 2021, registering a CAGR of 5.94% from 2016 to 2021.

     (Logo: http://photos.prnewswire.com/prnh/20160303/792302 )

Browse 76 market data Tables and 54 Figures spread through 177 Pages and in-depth TOC on "Variable Frequency Drive Market"

http://www.marketsandmarkets.com/Market-Reports/variable-frequency-drive-market-878.html

Early buyers will receive 10% customization on this report. 

The global market is witnessing significant growth due to increasing urbanization and industrialization in developing countries such as India, growing need for energy efficiency, increased activities in the construction, power transmission & distribution networks, regulations on energy efficiency, growing trend of industrial automation, regulations to ensure efficiency and utilization of energy.

Download PDF Brochure: http://www.marketsandmarkets.com/pdfdownload.asp?id=878

Low voltage segment the largest variable frequency drive market by voltage 

Among the two major voltage segments of variable frequency drives: low voltage and medium voltage, the former held the largest market share in 2015. Low voltage variable frequency drives have become popular mainly because of their ease of operation and size which is 25-40% smaller than medium voltage drives. Moreover, medium voltage drives are complex and difficult to handle or replace in case of a failure during an operation.

Make an Enquiry: http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=878

Pumps was the largest application segment of the variable frequency drive market 

Based on applications, pumps are expected to have maximum deployment of VFDs during the forecast period. This growth is attributed to rapidly increasing industrial activities and growth of the construction sector, especially in the Asia-Pacific and other developing countries and growing oil & gas production in the U.S. and the Middle East. The Asia-Pacific showed the maximum demand for VFDs for pumps in 2015 and is expected to lead the market during the forecast period.

Asia-Pacific: The leading market for variable frequency drives 

The Asia-Pacific is the largest market for variable frequency drives, driven by rapidly growing urbanization and industrialization in this region. Huge investments in infrastructure development are also bolstering the Variable Frequency Drives Market in the Asia-Pacific. The other major drivers include increasing power demand, and strict government regulations on energy efficiency.

To provide an in-depth understanding of the competitive landscape, the report includes profiles of some of the leading players in the Variable Frequency Drives Market, namely, ABB Ltd. (Switzerland), Siemens AG (Germany), Schneider Electric (France), Danfoss (Denmark), Rockwell Automation, Inc. (U.S.), WEG (Brazil), Yaskawa Electric Corporation (Japan), Eaton Corporation Plc. (Ireland), General Electric (U.S.), Emerson Electric Co. (U.S.), Hitachi, Ltd. (Japan), Crompton Greaves (India), Mitsubishi Electric Corporation (Japan), Fuji Electric Co., Ltd. (Japan), among others. Leading players are trying to penetrate the markets in developing economies and are adopting various strategies to increase their market share.

Browse Related Reports: 

AC Drives Market by Voltage (Low and Medium), Power Rating (Low, Medium, and High Power), Application (Pumps, Fans, Compressors, Conveyors, Extruders), End-Use Industry and Region - Global Trends & Forecast to 2021

http://www.marketsandmarkets.com/Market-Reports/ac-drives-market-131149781.html

Servo Motors and Drives Market by Offering (Motor & Drive Component, Software & Service), Type (AC/DC, Linear Servo Motor, Adjustable Speed Drives), Voltage Range, MoC, Communication Protocol, Industry, and Geography - Global Forecast to 2022

http://www.marketsandmarkets.com/Market-Reports/servo-motors-and-drives-market-1127.html

About MarketsandMarkets 

MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Contact:
Mr. Rohan
MarketsandMarkets
701 Pike Street
Suite 2175, Seattle,
WA 98101, United States
Tel: 1-888-600-6441
Email: sales@marketsandmarkets.com

Visit MarketsandMarkets Blog @ http://www.marketsandmarketsblog.com/market-reports/energy-and-power

Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets

SOURCE MarketsandMarkets