Wind Turbine Operations Maintenance Market Size, Share, Trend and Industry Analysis Report

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Variable Frequency Drives Market

• - Global Industry Analysis, Size, Share, Growth
  Trends  2014 - 2020

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Global Variable Frequency Drives Market
Snapshot 

• As the world strives for a sustainable future,
  greater investments are being made in the
  development of energy efficient systems that
  minimize energy consumption.
• Governments worldwide are promoting the
  effective deployment of reliable and efficient
  systems that address the snowballing demand for
  energy.
• This is acting as the primary stimulant for the
  growth of the global variable frequency drives
  market.
• The rising urbanization and industrialization,
  especially in emerging economies, are also
  stoking the growth of the market. 

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Low Voltage Variable Frequency Drives to Maintain
Leadership through 2020 

• On the basis of voltage, the report divides the
  global variable frequency drives market into low
  voltage and medium voltage.
• The demand for low voltage drives is expected to
  remain higher throughout the forecast period,
  owing to their compact size and ease of
  operation.
• Moreover, these drives are cheaper than their
  counterparts.
• Low voltage variable frequency drives find
  applications in various industries such as
  petrochemicals, manufacturing, utilities, metal
  and mining, and infrastructure. 

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Asia Pacific to Remain Frontrunner Owing to Rapid
Infrastructure Development 

• Geographically, Asia Pacific will continue to
  account for the lions share in the global market
  for variable frequency drives market.
• The growing investments in the infrastructure
  development along with the soaring demand for
  power due to the increasing population are
  fuelling the growth of the region.
• The flourishing growth of the chemical and
  processing industry is also bolstering the demand
  for variable frequency drives in APAC. 

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Leading Players in Variable Frequency Drives
Market

• G, ABB Ltd.
• Crompton Greaves Ltd.
• Schneider Electric Industries S.A.S.

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