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Global Variable Frequency Drives Market to Reach $27.4 Billion by 2023 - Rising Demand for Energy Efficiency Has Led to the Adoption of Energy Efficiency Products - ResearchAndMarkets.com

October 4, 2018

DUBLIN--(BUSINESS WIRE)--Oct 4, 2018--The “Global Variable Frequency Drives Market - by Type, Power Rating, Application, Industry, Region - Market Size, Demand Forecasts, Company Profiles, Industry Trends and Updates (2017-2023)” report has been added to ResearchAndMarkets.com’s offering.

The global variable frequency drives market was 19.6 billion USD in 2017 and will reach 27.4 billion USD by 2023 with a CAGR of 5.74% during the period.Rising demand for energy efficiency has led to the adoption of energy efficiency products, which is driving the market growth. Rapid industrialization and urbanization along with increased investments towards infrastructure development will drive the market growth. However, high cost of manufacturing will restrain the market growth.

Asia-Pacific will dominate the market owing to heavy investments in energy efficiency devices by government and other organizations. Latin America will show high growth rate due to regulations and law enforcements set for the use of energy efficient devices. Europe will also show significant growth due to development in automotive sector.

Industry Trends & Updates

Schneider signed an agreement to acquire Asco Power Technologies, a leader in the Automatic Transfer Switch market, which enhanced Schneider Electric’s EcoStruxure Power Platform in key markets and segments.Rockwell Automation announced its investment in The Hive, a Silicon Valley innovation fund and co-creation studio, to gain access to an ecosystem of innovators and technology start-ups with a focus on applications of artificial intelligence (AI) to industrial automation.Companies ProfiledEatonCrompton GreavesGeneral ElectricHoneywellRockwellHitachiSiemensMitsubishiToshibaEmerson ElectricABBSchneider ElectricDanfossYaskawaFuji Electricand more...

Key Topics Covered

1. Research Methodology

2. Executive Summary

3. Market Overview

4. Market Dynamics

5. Global Variable Frequency Drives Market Segmentation, Forecasts and Trends - by Type

6. Global Variable Frequency Drives Market Segmentation, Forecasts and Trends - by Power Rating

7. Global Variable Frequency Drives Market Segmentation, Forecasts and Trends - by Application

8. Global Variable Frequency Drives Market Segmentation, Forecasts and Trends - by Industry

9. Global Variable Frequency Drives Market Segmentation, Forecasts and Trends - by Region

10. Company Market Share Analysis

11. Company Profiles

12. Industry Structure

13. Global Variable Frequency Drives Market - The Road Ahead

For more information about this report visit https://www.researchandmarkets.com/research/4p6cfx/global_variable?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20181004005239/en/

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INDUSTRY KEYWORD: MANUFACTURING OTHER MANUFACTURING

SOURCE: Research and Markets

Copyright Business Wire 2018.

PUB: 10/04/2018 04:36 AM/DISC: 10/04/2018 04:36 AM

http://www.businesswire.com/news/home/20181004005239/en

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