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Transparency Market Research
Variable Frequency Drives Market- Global Industry Analysis, Size, Share, Growth Trends And Forecast 2014 2020

Published Date 2015-03-02

137 Page Report

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Variable Frequency Drives Market is expected to reach USD 24,703.4 Million by 2020
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Variable Frequency Drives Market


Transparency Market Research has released a new market report titled Variable Frequency Drives Market Global Industry Analysis, Size, Share, Growth Trends And Forecast, 2014 - 2020. The report defines and segments the variable frequency drives market, providing analysis and forecast of the global revenue. According to the report, the global variable frequency drives market was valued at USD 15,489.0 million in 2013 and is likely to reach USD 24,703.4 million by 2020, expanding at a CAGR of 7.0% between 2014 and 2020. Browse the full Variable Frequency Drives Market report at The variable frequency drives market includes two types of products: low voltage and medium voltage. Low voltage drives currently occupy the major share in the global variable frequency drives market. Growing infrastructure and manufacturing sectors are expected to be major growth drivers for the low voltage VFD market. Apart from saving energy, low voltage VFDs also provides additional benefits to various operations across industries. Some of these benefits include minimized maintenance requirements, improved process control performance, and enhanced motor and equipment life. Growth in market share of servo VFDs is expected to be the highest. However, the market shares of both AC and DC VFDs are likely to contract in the near future. Applications of robotics in industrial processes are...