The Variable Frequency Drives Global Market Report 2023, provides comprehensive information on the variable frequency drives market across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
Learn More On The Variable Frequency Drives Market’s Growth:
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As per The Business Research Company’s Variable Frequency Drives Global Market Report 2023, the global variable frequency drives market size grew from $17.65 billion in 2022 to $18.84 billion in 2023 at a compound annual growth rate (CAGR) of 6.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The variable frequency drives market size is expected to grow to $24.55 billion in 2027 at a CAGR of 6.9%.
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The variable frequency drives market is segmented:
By Type
Ac Drives
Dc Drives
Servo Drives
By Power Rating
Low Power Rating
Medium Power Rating
Micro Power Rating
High Power Rating
By Application
Pumps
Fans
Compressors
Conveyors
Other Applications
By End-user
Food And Beverages
Oil And Gas
Power Generation
Infrastructure
Other End Users
Top Major Players:
Hitachi Hi-rel Power Electronics
Asia-Pacific was the largest region in the variable frequency drives market in 2022.
The table of contents in TBRC’s variable frequency drives market report includes:
1. Executive Summary
2. Variable Frequency Drives Market Characteristics
3. Variable Frequency Drives Market Trends And Strategies
4. Variable Frequency Drives Market – Macro Economic Scenario
5. Variable Frequency Drives Market Size And Growth
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26. Africa Variable Frequency Drives Market
27. Variable Frequency Drives Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Variable Frequency Drives Market
29. Variable Frequency Drives Market Future Outlook and Potential Analysis
30. Appendix
List of Tables:
Table 1: Global Historic Market Growth, 2017-2022, $ Billion
Table 2: Global Forecast Market Growth, 2022-2027F, 2032F, $ Billion
Table 3: Global Variable Frequency Drives Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
Table 4: Global Variable Frequency Drives Market, Segmentation By Power Rating, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
Table 5: Global Variable Frequency Drives Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
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Table 47: Eaton Corporation Financial Performance
Table 48: Hitachi Hi-rel Power Electronics Financial Performance
Table 49: Rockwell Automation Financial Performance
Table 50: Johnson Controls Financial Performance
Table 51: Anaheim Automation Financial Performance
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COVID-19 Impact Analysis on Explosion Proof Variable Frequency Drives Market report published by Value Market Research provides a detailed market analysis comprising market size, share, value, growth and trends for the period 2020-2027.
Moreover, this market report also covers regional and country markets in detail.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Explosion Proof Variable Frequency Drives Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/explosion-proof-variable-frequency-drives-market/download-sampleMarket DynamicsThe global explosion-proof variable frequency drives market is forecasted to grow with rising explosion incidences and complications in the industry’s working environments.
Increasing technological advancements and increasing awareness and demand for energy efficiency are foreseen to fuel demand for the variable frequency drive (VFD) market over the forecast period.
VFDs are becoming increasingly common for many applications: from pumps, compressors, and centrifugal fans to nearly any application connected with regeneration or power factor correction.
Process engineers are turning to variable frequency drives as an efficient means of controlling motor speed and torque by varying frequency and voltage.
