Marine VFD Market to Record CAGR of 6% by 2026

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Marine VFD Market by Type (AC Drive, DC Drive),
Voltage (Low Voltage, Medium Voltage),
Application (Pump, Fan, Compressor, Propeller
(With Shaft Generator, Without Shaft Generator),
Crane Hoist), and Region - Global Forecast to
2026
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The global thermoplastic pipe market size Marine
VFD Market size will grow to USD 1,075 million by
2026 (forecast year) from USD 804 million in 2021
(estimated year), at a CAGR of 6.0 during the
forecast period. A marine VFD is a motor
controller electronic device. It drives an
electric motor by varying the frequency and
voltage supplied to the motor according to the
demand. It is also referred to as variable speed
drive, adjustable speed drive, adjustable
frequency drive, AC drive, Microdrive, and
inverter. Marine VFD has been categorized into by
type, by voltage, and by application. They can be
installed in various systems on ships which have
motor like cranes, compressor, fan, pumps, etc.
Marine VFD is playing a crucial role to achieve
more efficiency from systems and reducing fuel
consumption in ships. View detailed Table of
Content here https//www.marketsandmarkets.com/
Market-Reports/marine-vfd-market-85395523.html
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The pump segment is expected to dominate the
marine VFD market, by application, during the
forecast period. The pump segment accounted for
the largest share of the Marine VFD market, by
application, in 2020. The pump is the component
which is extensively used for various purposes
onboard a ship and is critical for proper
functioning of any ship. Thus, the use of VFD to
control the functioning the pumps can save a lot
of energy. These factors are likely to increase
the demand for VFD used to control pumps. Make
an Inquiry https//www.marketsandmarkets.com/Enq
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The low voltage is expected to dominate the
marine VFD market, by voltage, during the
forecast period. The low voltage segment
accounted for a larger share, owing to the
increased use of low-voltage motors in the marine
industry across applications such as cranes,
pumps, fans, and hoists. The increasing use of
variable drives to improve the efficiency of
various small components across a system equipped
with motors to improve the efficiency of such
systems has boosted the market for low-voltage
drives. Download PDF Brochure
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The AC drive is expected to dominate the marine
VFD market, by type, during the forecast
period. AC drives are more widely used VFDs. As
most of the equipment used onboard a ship
operates on AC input, the AC drive segment is
projected to account for a larger market share.
The demand for AC drives is also driven by the
increasing demand for energy-efficient solutions.
An AC drive is used to control the speed of an
electric motor by changing the frequency and
voltage of electric supply to the motor. A VFD
controls the speed of the AC motor by changing
the frequency supplied to the motor.

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Browse gtgt 267 market data
tables 57 figures
225 pages and in-depth TOC on Marine
VFD Market - Global Forecast to 2026 Early
buyers will receive 10 customization on this
report. This is a Premium Report Priced at US
5650 for single user. Corporate User
US8150 This study answers several questions for
the stakeholders, primarily which market segments
to focus on in the next two to five years to
prioritize efforts and investments.
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Asia Pacific is expected to lead the marine VFD
market Asia Pacific is expected to show a robust
growth during the forecast period. The Asia
Pacific region includes China, Japan, South
Korea, India, Australia, and Rest of Asia
Pacific. This region has shown strong demand for
marine VFD owing to rapid growth of shipbuilding
industry. With the shift towards decarbonization,
there has been a strong demand for more energy
efficient engines with less emissions.
Governments in this region are increasingly
opening gates for development and growth of ship
building industry. Technological advancements and
less energy consumption would further propel
marine VFD deployment and open up opportunities
in the emerging markets in APAC. Various
countries are adopting new hybrid and electric
systems in ships in order to save energy as well
as to meet their goal of rection in carbon
emission. Speak to Analyst _at_ https//www.market
sandmarkets.com/speaktoanalystNew.asp?id85395523
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• Key players -
• To enable an in-depth understanding of the
  competitive landscape, the report includes the
  profiles of some of the top players in the Marine
  VFD Market. These include
• General Electric (US),
• Danfoss (Denmark),
• Siemens (Germany),
• ABB (Switzerland),
• Rockwell Automation (US) and many more...
• Buy Now - https//www.marketsandmarkets.com/Purc
  hase/purchase_reportNew.asp?id85395523

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