About Adjustable-Frequency Drive
An adjustable frequency drive is a type of motor controller that drives an electric motor by varying the frequency and voltage supplied to the electric motor. It is a power electronics-based device that converts a basic fixed frequency, fixed voltage sine wave power (line power) to a variable frequency, variable output voltage used to control the speed of induction motor(s).
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 8.1% |
The companies are exploring the market by adopting expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to gain competitive advantage through combined collaborations. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Adjustable-Frequency Drive market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Danfoss (Denmark), Rockwell (United States), Crompton Greaves (India), NIDEC (Japan), TMEIC (Japan), ABB (Switzerland), Siemens (Germany) and Schneider Electric (France) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Yaskawa (Japan), WEG SA (Brazil), Eaton (Ireland), Fuji (Japan) and Hitachi (Japan).
Segmentation Overview
AMA Research has segmented the market of Global Adjustable-Frequency Drive market by Type (AC Drives, DC Drives and Servo Drives), Application (Pumps, Fans, Compressors, Conveyors and Others (extruders, elevators & escalators, cranes & hoists, crushers, mills, and mixers)) and Region.
On the basis of geography, the market of Adjustable-Frequency Drive has been segmented into 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).
Influencing Trend:
Rising Need for Energy Efficiency
Market Growth Drivers:
Increased Use of VFDs Across Major Vertical Industries and Supportive Regulatory Environment
Challenges:
Gray Market Providing Low-Quality and Cheap Products
Restraints:
Stagnant Growth of the Oil & Gas Industry
Opportunities:
Aging Power Infrastructure and Industrial Internet of Things (Iiot)
Market Leaders and their expansionary development strategies
In October 2023, Honeywell and Parker Hannifin teamed up to offer integrated motion control solutions, including AFDs, for the robotics and automation industries, focusing on precision and flexibility.
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.
Key Target Audience
Adjustable-Frequency Drive Providers, Emerging Companies, Research Professionals and End-users
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.