London, 01 October 2014: TechNavio, the independent tech-focused global research firm, has published a report on the Global Variable Frequency Drives Market 2014-2018, which is expected to grow at a CAGR of 12.69 percent during 2013-2018.
A VFD is a type of motor controller that controls the motion of a motor by varying the frequency and voltage supplied to the motor. They are also known as variable speed drives, adjustable speed drives, adjustable frequency drives, AC drives, microdrives, or inverters.
“Many end-users expect a complete solution from vendors that comprises motors, drives, and other products,” says Faisal Ghaus, Vice President of TechNavio.
“Vendors can help end-users focus on their core business processes by providing end-to-end systems with accurate installation at minimal risk.”
Key Market Drivers
- Increase in Demand from Process Industries
- Increase in Need for Energy Efficiency
- Increase in Demand for Waste Water Treatment
Key Market Trends
- Increased Demand for End-to-end Systems
- Developing Low Power Rating Drives
- Increased Demand for Application-specific Drives
- Development of Next-generation Drives
Key Market Vendors
- ABB
- Converteam
- Rockwell Automation Inc.
- Schneider Electric Co.
- Siemens AG
To define the market circumstances in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
