Market Highlights:
A Variable Frequency Drive (VFD) is a motor controller which drives an electric motor by changing the frequency and voltage supply. It is used to provide range of voltage and frequency for number of electric appliances and to the electric motor. It is also called as variable speed drive, adjustable frequency drive, adjustable speed drive, AC drive, inverter and microdrive. Variable frequency drive are solid-state regulators which are installed on the AC electric motors. It is also applicable for some DC electric motors to control its torque and speed. It helps to reduce the mechanical stress on the machines which eventually increases their shelf life. It is energy saving and improve performance. These Variable Frequency Drive (VFD) are broadly used in applications such as compressors, fans, conveyers and others. Variable frequency drives (VDF) are able to convert basic fixed frequency into variable frequency which help to enhance motor control. The use of variable frequency drives provide efficiency in power, cost savings and voltage flow control. Furthermore, VDF equipment is more reliable compared to the traditional mechanical approaches and the frequency variations are more useful in number of electrical appliances and end-user industries. Increasing need for energy efficiency and cost savings is anticipated to drive the growth of the market. In addition, rapid urbanization and industrialization in emerging economies such as China, India, Australia providing more opportunity for the market growth. Geographically, Asia pacific region is expected to grow with highest growth rate and able to gain high market share followed by North America and Europe. According to recent research of Enerdata 2019, China was the main contributor to the global power generation growth. In 2019, the power generation in China has been increased by 4.7 % compared to power generation in 2018. The market study is being classified by Type (Mechanical Drives, Electrical Drives and Fluid Drives), by Application (Electric Fans, HVAC, Pumps, Conveyors, Compressor, Centrifuges and Other) and major geographies with country level break-up that includes South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).

Key Players:
The prominent players in the Variable Frequencies Drives are Eaton (United States), Hitachi, Ltd. (Japan), Siemens AG (Germany), WEG S.A (Brazil), ABB (Switzerland), General Electric (United States), Rockwell Automation, Inc. (United States), Honeywell International Inc. (United States), Mitsubishi Electric (Japan), Danfoss (Denmark), Nidec Motor Corporation (Japan) and VFD Solutions Inc.(Canada).

In July 2019, Eaton has acquired Switchgear Solutions, Inc. (ISG), a specialty manufacturer of medium-voltage electrical equipment serving commercial and industrial markets in the North American. Owing to this acquisition, company is able to strengthen its product portfolio of medium-voltage based electrical appliances.

Key Questions Answered in the Report
What will the Variable Frequencies Drives Market size and the growth rate be in Future?
What are the key factors driving the Variable Frequencies Drives Market?
What are the key market trends and macro-economic impacting the growth of the Variable Frequencies Drives Market?
What are the challenges to market growth?
Who are the key vendors in the Variable Frequencies Drives Market?
What are the market opportunities and threats faced by the vendors in the Variable Frequencies Drives Market?
Trending factors influencing the market shares of the Players.
What are the key outcomes of the five forces analysis of the Variable Frequencies Drives Market?

Refer complete Table of Content of Variable Frequencies Drives Market Study

Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Variable Frequencies Drives market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Variable Frequencies Drives market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Venture Capitalists and Private Equity Firms, New Entrants/Investors, Strategic Business Planners, Electrical equipment Manufacturers, Suppliers and Distributors, Raw Material Suppliers, Government Regulatory and Research Organizations and End-Use Industries.
This helps us to gather the data for the players’ revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases etc.