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(EstateNewsWire.com, May 04, 2017 ) Publisher’s market research analyst predicts the global variable frequency drives (VFD) market to grow steadily at a CAGR of nearly 8% by 2020. The need for manufacturers to optimize their manufacturing processes and cut operational costs by reducing energy consumption is the primary growth driver for this market. The prospects for growth in this market are impelled by the growing preference for electric motors in household appliances, automobiles, aerospace, industrial, and other transportation equipment over mechanical and hydraulic motors.
In terms of geography, the APAC region will be the largest market for VFDs during the predicted period. The growth of the chemical processing and manufacturing industries coupled with the significant growth of other industries like power, infrastructure, automobile production, and hydrocarbons will result in this region’s impressive market share of more than 56% by 2020.
For more information http://www.reportsweb.com/global-variable-frequency-drive-market-2016-2020
Product-based segmentation of the VFD market
AC
DC
Servo
The AC drives segment currently dominates the market and is envisaged to further enhance its hold over the market by 2020 owing to its extensive utilization in all types of industries and induction motors to achieve multiple speeds of operation. Moreover, its augmented usage in heavy industries, such as metals and mining, oil and gas, cement, paper, power generation, wind energy, water and wastewater, and marine, will result in its massive market share of more than 84% by 2020.
Segmentation by voltage type and analysis of the VFD market
Low voltage
Medium voltage
In this market study, analysts estimate the low voltage VFD segment to account for more than 81% of the total market share by 2020. Since these drives have high flexibility, they can be configured to meet the precise requirements of industrial applications. Rapid development in the infrastructure and manufacturing sectors will lead to the healthy growth of this market segment during the predicted period.
Request Sample Copy http://www.reportsweb.com/inquiry&RW0001202320/sample
Competitive landscape and key vendors
The global variable frequency drives market is highly fragmented because of the presence of numerous small and large suppliers. The providers in this market compete on the basis of price, quality, and value-added services to gain maximum market traction during the forecast period.
Key vendors in the market are -
ABB
Siemens
Toshiba
Yaskawa
Other prominent vendors in the market include American Electric Technologies, Amtech Electronics India, Emerson, Fuji Electric, Hiconics Drive Technology, Hitachi, Honeywell, Johnson Controls, Mitsubishi Electric, DELTA, and Schneider Electric.
Make an enquiry: http://www.reportsweb.com/inquiry&RW0001202320/buying
ReportsWeb.com
Priya Sisodia
+1-646-491-9876
sales@reportsweb.com
Source: EmailWire.Com 
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