Variable Frequency Drive Market 2018 Industry Survey, Growth, Competitive Landscape and Forecasts to 2023
PREPARED BY Market Research Future (Part of Wantstats Research & Media Pvt. Ltd.)
Variable Frequency Drive Market 2018 Variable Frequency Drive Market – 2018 : Industry Survey, Growth, Competitive Landscape and Forecasts to 2023
Rising industrialization and increasing construction of infrastructure and buildings are factors that drive the market for VFD. In the developing countries such as India, Indonesia, China, Nigeria, South Africa, there is high demand for infrastructure to meet the demand for industrialization and urbanization. This has resulted into higher FDI investments in infrastructure projects. According to IBEF, in India, total foreign direct investment in the construction sector including infrastructure sector reached USD 12.3 billion by the end of 2017. Along with this, there has been high demand for VFD owing to energy efficiency, which has been mandatory for manufacturers, offices, industries and commercial buildings.
2
www.marketresearchfuture.com
Variable Frequency Drive Market 2018 Market Segmentation
Enquiry of the Report @ https://www.marketresearchfuture.com/enquiry/2440 3
www.marketresearchfuture.com
Variable Frequency Drive Market 2018 Key Players: • • • • • • • •
ABB Ltd. Siemens AG Rockwell Automation, Inc WEG Yaskawa Electric Corporation Eaton Corporation Plc. General Electric Emerson Electric Co. Hitachi, Ltd.
Browse Report @ https://www.marketresearchfuture.com/reports/variable-frequency-drive-market-2440 4
www.marketresearchfuture.com
Variable Frequency Drive Market 2018
Report Analysis The VFD market is expected to expand at a phenomenal pace during the forecast period owing to automation in power industry and increasing infrastructure sector. Asia Pacific region is expected to dominate the market share in the variable frequency drive market. China, India, South Korea, Japan, and Indonesia are the fastest growing nations, which are the largest markets for infrastructure and industrial sectors. Industries including oil & gas, metals, and mining are adopting the drives to reduce the energy consumption and to limit the CO2 emission. The Middle East region will follow the Asia Pacific region in variable frequency drive market by virtue of rising construction industry. In Europe region, the progressing automotive sector is expected to lead the market growth.
Request a Sample Report @ https://www.marketresearchfuture.com/sample_request/2440 5
www.marketresearchfuture.com
ABOUT US MARKET RESEARCH FUTURE At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked
Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services. MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members. For more information kindly visit www.marketresearchfuture.com or contact us at info@marketresearchfuture.com
Copyright Š 2018 Market Research Future All Rights Reserved. This document contains highly confidential information and is the sole property of Market Research Future. No part of it may be circulated, copied, quoted, or otherwise reproduced without the written approval of Market Research Future.
6
www.marketresearchfuture.com
THANK YOU
MARKET RESEARCH FUTURE salesteam@marketresearchfuture.com Ph: +1-646-845-9349 (US)
Ph: +44 208 133 9349 (UK)
7
www.marketresearchfuture.com