Florida, Feb 08: Market Research Engine has published a new report titled as “Global Variable Frequency Drive (VFD) Market by Product Type, by Application, by End Users and Geography – Trends and Forecast 2015-2022.”
“The Global variable frequency drive Market was valued at US$ 15.40 Billion in 2014 and it is projected to cross USD XX billion by 2022, at a CAGR of 7.3% during the forecast period from 2014 to 2022.”
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What is variable-frequency drive
A variable-frequency drive (VFD) is a type of adjustable-speed drive used in electro-mechanical drive systems to control AC motor speed and torque by varying motor input frequency and voltage.
How does a Variable Frequency Drive work
The first stage of a Variable Frequency AC Drive, or VFD, is the Converter. The converter is comprised of six diodes, which are similar to check valves used in plumbing systems. They allow current to flow in only one direction; the direction shown by the arrow in the diode symbol.
Benefits of VFD:
Reduce Energy Consumption and Energy Costs
If you have an application that does not need to be run at full speed, then you can cut down energy costs by controlling the motor with a variable frequency drive, which is one of the benefits of Variable Frequency Drives. VFDs allow you to match the speed of the motor-driven equipment to the load requirement. There is no other method of AC electric motor control that allows you to accomplish this.
Asia-Pacific, with its thriving economies and rapidly expanding manufacturing bases, is expected to experience highest revenue growth during the next five years.
The research 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.
Some of the major global players in variable frequency drive market are: Fuji Electric Co., Ltd., Mitsubishi Electric Corporation, Siemens AG, ABB Ltd., Rockwell Automation Inc., Schneider Electric, Toshiba International Corporation, and Emerson Industrial Automation.
Global Variable Frequency Drive (VFD) Market is segmented as below:
By Voltage Range Analysis
Low Voltage
Medium Voltage
By Type Analysis
AC
DC
Servo
End-Use Application Analysis
Power Generation
Oil and Gas
Manufacturing
Automotive
Chemical Processing
Infrastructure Development
Others
By Geography
North America
Latin America
Europe
APAC
The Middle East & Africa
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