Variable Frequency Drive (VFD) Market Growth Prospects, Key Vendors, Future Scenario Forecast to 2026
Global variable frequency drive market is anticipated to record a substantial growth rate over the coming years owing to the wide usage of these products across several lucrative end-use industries. A variable frequency drive can be defined as a motor controller that runs an electric motor through the varying of frequency as well as voltage supplied to that electric motor.
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The device also has the capacity to control ramp up & down of the motor during start or stop. A typical variable frequency drive system generally comprises an AC motor, operator interface, and a controller.
Variable frequency drive is also known as microdrive, inverter, adjustable frequency drive, AC drive, and variable speed drive. It provides several benefits as well as offers the greatest energy savings for various applications, the most common of them being fans and pumps.
The variable frequency drive market is segmented in terms of power range, drive, voltage, technology, application, end-use, and regional landscape.
With respect to power range, the market is divided into micro, low, medium, and high. It is observed that increasing electricity cost along with shifting focus toward energy savings has increased the penetration of low power drives primarily across HVAC industry. The ability to provide a quick return on investment and enhancement of user's profitability by improving the process will strengthen the product adoption for medium power range.
Based on application, the market is bifurcated into cutters, conveyor, mixers, fans, pump, evaporators, grinders, and centrifuges. Among these, evaporators will witness growth owing to ongoing modifications in applicable codes and standards that have effectively made the use of VFDs as an indispensable requirement across HVAC applications. The capability to eliminate separate gear sets along with simplifying the power transmission across the motor will propel the demand for mixers.
The ability to change motor speed in line with the applicability of VFD units to control high tension will enhance the product requirement for grinders. Flexible product configurations including speed control as well as safe & reliable operations will complement the industry growth for the cutters. Increasing modulation of motor speed along with a wide range of applicability of VFD's across HVAC systems will boost the product demand for fans.
Partial Table of Contents (ToC) of the report:
Chapter 4 Variable Frequency Drive Market, By Power Range
4.1 Variable frequency drive market share by power range, 2019 & 2026
4.2 Micro
4.2.1 Global market from micro, 2015 - 2026
4.2.2 Global market from micro, by region, 2015 – 2026
4.3 Low
4.3.1 Global market from low, 2015 - 2026
4.3.2 Global market from low, by region, 2015 – 2026
4.4 Medium
4.4.1 Global market from medium, 2015 - 2026
4.4.2 Global market from medium, by region, 2015 – 2026
4.5 High
4.5.1 Global market from high, 2015 - 2026
4.5.2 Global market from high, by region, 2015 – 2026
Chapter 5 Variable Frequency Drive Market, By Drive Type
5.1 Variable frequency drive market share by drive type, 2019 & 2026
5.2 AC
5.2.1 Global market from AC, 2015 - 2026
5.2.2 Global market from AC, by region, 2015 – 2026
5.3 DC
5.3.1 Global market from DC, 2015 - 2026
5.3.2 Global market from DC, by region, 2015 – 2026
5.4 Servo
5.4.1 Global market from servo, 2015 - 2026
5.4.2 Global market from servo, by region, 2015 – 2026
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