Variable Frequency Drives Market Expected to Reach $18,854 Million by 2017

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MarketsandMarkets Presents
Variable Frequency Drives Market Expected to
Reach 18,854 Million by 2017
http//www.marketsandmarkets.com/Market-Reports/va
riable-frequency-drive-market-878.html
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The report "Variable Frequency/Speed Drives
(VFD/VSD) Market, By AC And DC Drive, Low, Medium
And High Voltage Range Type, And Application
(Pump, Fan, Compressor) - Global Market Trends
and Forecast To 2017" defines and segments the
global VFD market with analysis and forecasting
of the global revenue. Variable frequency drives
market will grow from an estimated 12,414
million in 2012 to 18,854 million by 2017, with
a CAGR of 8.7 from 2012 to 2017. Browse gtgt
115 Data Tables 34 Figures
338 Pages and in-depth TOC on Variable
Frequency Drive Market http//www.marketsandma
rkets.com/Market-Reports/variable-frequency-drive-
market-878.html Early buyers will receive 10
customization on this report.
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VFD market is mainly driven by growing demand
for energy efficiency and stringent regulations
about electrical motor usage implemented by
Governments globally. Asia-Pacific, due to its
growing infrastructure investment and thriving
manufacturing industry, is the major growth
engine for this market.   Huge potential of this
market is drawing various new industry
participants. The development in the variable
frequency drives technology will make its
application more convenient in electric power,
cement, elevator, mining, metallurgical,
transportation, and other areas thereby offering
numerous advantages to the industry in which
these are applied. On an account of changing
consumer needs and increasing applications of
VFDs, the, market will experience an increase in
demand in the years to come.
http//www.marketsandmarkets.com/Market-Reports/va
riable-frequency-drive-market-878.html
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VFD manufacturers are constantly trying to
modify their products line in order to increase
their market share which in turn helps them to
bag bulk supply contracts. This market is mainly
dominated by large electronic and electrical
equipment manufacturers and few dedicated drive
manufacturers. Swiss manufacturer, ABB Ltd, is a
dominant player of this market followed by
Siemens (U.S.) Schneider Electric (France), and
Vacon Plc (Finland).   The report forecasts
revenue of the global VFD market and its various
submarkets with respect to five main regions such
as North America, Europe Eurasia, Asia-Pacific,
Latin America, and Middle East Africa. At the
country level U.S., China, Japan, India, Germany,
France, U.K, Russia, Italy, and several Latin
American countries were analyzed.   The report
segments the global VFD market by type,
application, voltage and power range, and
geography. It also focuses on market share
analysis, and market metrics such as drivers,
restraints, and opportunities.
http//www.marketsandmarkets.com/Market-Reports/va
riable-frequency-drive-market-878.html
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riable-frequency-drive-market-878.html
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