The Europe Variable Frequency Drive (VFD) Market would witness market growth of 5.2% CAGR during the forecast period (2019-2025). Growing technological advances in developing economies and increased awareness along with the demand for energy efficiency are expected to be the main driving factors for the variable frequency drive (VFD) market over the coming years. In addition, ongoing investment in raising awareness about energy efficiency is also anticipated to act as a major driving force. Electric drive technology is undergoing a new revolution with the ongoing development and advancement in computing, automatic control, and power electronics technologies. Major vendors are focused on developing new products to improve company competitiveness and energy efficiency, which boosts market growth.
In addition, the expansion of the application field of variable frequency drive in the pulp and paper and food processing industries will fuel market growth during the forecast period. In addition, the compatibility of new VFD motors with existing ones improves the adoption of various drives such as AC drive, DC drive, and servo drive throughout major end-user industries around the world. Technical problems associated with variable frequency drive, however, are impeding market growth. Furthermore, high initial costs are expected to discourage the adoption of variable frequency drive in developing regions.
Based on Product Type, the market is segmented into AC Drives, DC Drives and Servo Drives. Based on Power Range, the market is segmented into Low, Medium, Micro and High. Based on Application, the market is segmented into Pumps, Electric Fans, HVAC, Conveyers and Extruders & Others. Based on End User, the market is segmented into Oil & Gas, Industrial, Food & Beverages, Power Generation, Infrastructure, Automotive and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Based on Type, the market is segmented into Rotary Torque Sensors and Reaction Torque Sensors. Based on Technology, the market is segmented into Strain Gauge, Magnetoelastic, Surface Acoustic Wave and Others. Based on Application, the market is segmented into Automotive, Test & Measurement, Aerospace & Defense, Industrial and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: Variable Frequency Drive (VFD) Market in Europe is expected to register a CAGR of 5.2% during the forecast period (2019-2025)
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include ABB Group, Hitachi, Ltd., Eaton Corporation PLC, Rockwell Automation, Inc., Nidec Corporation, Siemens AG, Schneider Electric SE, Mitsubishi Heavy Industries Ltd., Fuji Electric Co., Ltd., and The Danfoss Group.
Market Segmentation:
By Product Type
By Power Range
By Application
By End User
By Country
Companies Profiled
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