VFD (Variable Frequency Drives)
Market
VFD (Variable Frequency Drives) Market Scope:
Industry Analysis, Market Size, Growth, Trends Till 2031
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VFD (Variable Frequency Drives) Market Size and Growth
The VFD market research report highlights the growing demand for energyefficient solutions in various industries. The global VFD market is expected to reach a value of $27.57 billion by 2027, driven by factors such as increasing industrial automation and government initiatives for energy conservation.
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Companies Covered (Covid 19 Impact Covered)
◍ ABB
◍ Siemens
◍ Schneider Electric
◍ Emerson Electric
◍ Yaskawa Electric
◍ Mitsubishi
◍ Hitach
◍ Danfoss
◍ Toshiba
◍ Fuji Electric
◍ Rockwell Automation
◍ Inovance
◍ Hiconics
◍ INVT
◍ Slanvert
◍ EURA Drives
The VFD market is highly competitive with major players such as ABB, Siemens, Schneider Electric, Emerson Electric, Yaskawa Electric, Mitsubishi, Hitachi, Danfoss, Toshiba, Fuji Electric, Rockwell Automation, Inovance, Hiconics, INVT, Slanvert, and EURA Drives. These companies offer a wide range of VFD products and solutions to cater to various industries and applications. They contribute to the growth of the VFD market by constantly innovating and improving their products to meet the increasing demand for energy-efficient motor control solutions.
- ABB generated sales revenue of $28.57 billion in 2020
- Siemens had sales revenue of $63.93 billion in 2020
- Schneider Electric's sales revenue was $27.15 billion in 2020
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Market Segmentation
By Application
◍ Pumps
◍ Fans
◍ Compressors
◍ Conveyors
◍ Elevators
◍ Extruders
◍ Others
By Product
◍ Low Voltage (0-690V)
◍ Medium Voltage (690V-3000V)
◍ High Voltage (3 kV-10 kV)
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$ X Billion USD
Market Growth
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