The article cited AMA's Global Adjustable-Frequency Drive Market Study explored substantial growth with CAGR of 8.1%. According the report, Rising Need for Energy Efficiency is one of the primary growth factors for the market. Increased Use of VFDs Across Major Vertical Industries
is also expected to contribute significantly to the Adjustable-Frequency Drive market. Overall, Pumps
applications of Adjustable-Frequency Drive, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The presence of players such as Danfoss (Denmark), Rockwell (United States), Crompton Greaves (India), NIDEC (Japan), TMEIC (Japan), ABB (Switzerland), Siemens (Germany) and Schneider Electric (France) may see astonishing sales in this Market and certainly improve revenue growth.
AMAs Analyst on the Global Adjustable-Frequency Drive market identified that the demand is rising in many different parts of the world as "Aging Power Infrastructure
". Furthermore, some recent industry insights like "In October 2023, Invertek Drives Ltd unveiled a new product poised to redefine elevator motor control. The company introduced its new variable frequency drive (VFD), Optidrive Elevator Core one of the world's premier elevator industry events." is constantly making the industry dynamic. One of the challenges that industry facing is "Gray Market Providing Low-Quality and Cheap Products"
The report provides an in-depth analysis and forecast about the industry covering the following key features:
Detailed Overview of Adjustable-Frequency Drive market will help deliver clients and businesses making strategies. Influencing factors that thriving demand and latest trend running in the market What is the market concentration? Is it fragmented or highly concentrated? What trends, challenges and barriers will impact the development and sizing of Adjustable-Frequency Drive market SWOT Analysis of profiled players and Porter's five forces & PEST Analysis for deep insights. What growth momentum or downgrade market may carry during the forecast period? Which region may tap highest market share in coming era? What focused approach and constraints are holding the Adjustable-Frequency Drive market tight? Which application/end-user category or Product Type [AC Drives, DC Drives and Servo Drives] may seek incremental growth prospects? What would be the market share of key countries like Germany, USA, France, China etc.?
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Adjustable-Frequency Drive market and other related sub-markets covered in the study.
o Key & emerging players in the Adjustable-Frequency Drive market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall Adjustable-Frequency Drive market size is calculated using market estimation process, the Adjustable-Frequency Drive market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Adjustable-Frequency Drive market size has been validated using both top-down and bottom-up approaches.