Asia-Pacific Variable Frequency Drives Market – Share, Outlook, Trends, Size and Forecast (2024 – 2032)

Published : 30 Aug 2024
Report Type : Regional

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Home > Reports > Electrical And Electronic Components > Electronics > Asia-Pacific Variable Frequency Drives Market – Share, Outlook, Trends, Size and Forecast (2024 – 2032)
Asia-Pacific Variable Frequency Drives Market - Size
Study Period
2018 - 2030
Base Year For Estimation
2023
Forecast Data Period
2024-2030
Historical Data Period
2018-2021
CAGR
7 %
Source: Envision Intelligence Analysis & Experts Insights.
*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

Variable Frequency Drive(VFD) is used in electromechanical systems helps in varying the voltage, frequency supplied to the electromechanical drive systems. VFD is also named as variable speed drive used to accelerate and decelerate the speed and torque of AC electric motor. Raise in demand for energy saving machinery and to protect the Industrial equipment’s or electronic gadgets from electric faults such as short circuits, electric fluctuations are the factors accelerated the growth of the VFDs market.  A decrease in Green Field Investments and competition among the regional players are challenges facing the VFD market.

Asia Pacific Variable Frequency Drives market size:

Asia Pacific variable frequency drives market size is projected to reach approximately $xx billion by the end of 2024 with a CAGR of close to X% from $xx billion in 2017 during the forecast timeline 2018-2024. A decrease in cost and size of the VFD and increase in the performance raised the market over the past four decades and is expected the same market value during the forecast period. The increase of use in various types of VFD at various voltage and power ranges among various applications in Industrial segment leads to the growth of the market. Variable frequency drives are also used in HVAC control system, Food and Beverage Industries, Pulp and other are the key factors accelerating the market growth.

Asia Pacific Variable Frequency Drives market share:

Type segments Asia Pacific Variable Frequency Drives market (Alternating Current (AC) Variable Frequency Drivers, Direct Current

Asia-Pacific Variable Frequency Drives Market - Growth
Source: Envision Intelligence Analysis & Experts Insights.
*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels
(AC) Variable Frequency Drivers, Servo Variable Frequency Drivers). These VFDs are used at various current ranges in electric system to decrease the input frequency, a voltage for the efficient use of electric energy. In Mechanical Systems Variable frequency are used to decrease the speed and torque of the propellers, fans and other. Among these, Servo Variable Frequency Driver holds the largest share because the speed and torque are accelerated or decelerated quickly by Servo Variable Frequency Drivers.

By voltage, the VFD market is segmented as (Low Voltage Variable Frequency Drivers, Medium Voltage Variable Frequency Drives). Low Voltage Frequency Drivers are used at voltage ranges < 690 Volts and Medium Voltage Variable Frequency Drivers are at voltage ranges > 690 Volts and above. These are widely used in Industrial equipment’s to reduce the input voltages. Based on Power Range, the VFD market is segmented as High-Power Drivers (251-750 hp), Medium Power Drivers (51-250 hp), Low Power Drivers (6-50 hp), Micro Power Drivers (<6 hp), Macro Power Drivers (>751 hp). These VFDs are used at various power ranges to decrease the speed and torque of electric AC motor, and it directs to decrease the consumption of electricity.

By End-user, the Industrial segment is expected to hold the huge share of the market due to more usage of VFD in electrical equipment to safeguard form electric faults like short circuits and also to decrease the power consumption. On the Basic of geography, Asia Pacific is expected

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Asia-Pacific Variable Frequency Drives Market - Porter's Five Force Analysis
Source: Envision Intelligence Analysis & Experts Insights.
*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels
to hold the huge market due to increase in new Industrial equipment and more usage od VFD in Industrial Internet of things.

Asia Pacific Variable Frequency Drives market Trends:

  • SVIA’s leading robotised machine tending solutions Join with ABB’s globally leading position in industrial automation.
  • ReWalk Robotics Announces its Partnership with YASKAWA Electric Company.

Asia Pacific Variable Frequency Drives market Research Report:

An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.

To have complete market analysis, industry value chain analysis, Porter’s Five Force Analysis, PESTLE, SWOT analysis, and Y-o-Y analysis were carried to understand the market more comprehensively.

Regional and global diversity is analysed with the major countries and the unions. Scrutinizing the revenue generation on Year-On-Year

Identifying DROC in the current market and their impact in altering the market dynamics.

Competitive landscape analysis to identify the mergers and acquisitions which will have a comparative financial analysis with major competitors.

Expertise investment opportunities by an analyst to the individual and organisation to have a better foothold in the market.

The major key players in the Asia Pacific variable frequency drives market are:

  • ABB Ltd.
  • Siemens AG
  • Schneider Electric Se
  • Danfoss
  • Rockwell Automation

Along with these companies, there were many other companies considered/cited in the report while analysing the Asia Pacific variable frequency drives market. These companies hold substantial share-owning to the nature of the industry whereas rest of the market shares are marginal chunks to regional and local level manufacturers. Other players have considerable presence owing to its robust brand image, geographical reach and strong customer base.

 

 

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