Lucintel's latest market report analyzed that variable frequency drive provides attractive opportunities in the oil & gas, power generation, industrial, infrastructure, automotive, and food & beverage industries. The variable frequency drive market is expected to reach $28.5 billion by 2028 with a CAGR of 5.1%. In this market, AC drives is the largest segment by product type, whereas oil & gas is largest by end use industry.
Based on product type,
the variable frequency drive market is segmented into AC drives, dc drives, and
servo drives. The AC drives segment accounted for the largest share of the
market in 2023 and is expected to register the highest CAGR during the forecast
period, due to the growing use of these drives in variety of industries, such
as automotive, food and beverage, and power generation, to improve operational
efficiency owing to their high power, ease of installation as compared to other
drives, and low maintenance requirements.
Browse in-depth TOC on
“Variable Frequency Drive Market”
100 – Figures/Tables
150 – Pages
The Variable Frequency Drive
Market is marked by the presence of several big and small players. Some of the
prominent players offering variable frequency drive include ABB, Eaton, General
Electric, Hitachi, Rockwell Automation, and Schneider Electri.
This unique research report will enable you
to make confident business decisions in this globally competitive marketplace. For
a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on
this link helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global
management consulting and market research firm, creates winning strategies for
growth. It offers market assessments, competitive analysis, opportunity
analysis, growth
consulting, M&A, and due diligence services to executives and
key decision-makers in a variety of industries.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056
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