Asia Pacific Variable Frequency Drive (VFD) Market By Product Type (AC Drives, DC Drives and Servo Drives) By Power Range (Low, Medium, Micro and High) By Application (Pumps, Electric Fans, HVAC, Conveyers and Extruders & Others) By End User (Oil & Gas, Industrial, Food & Beverages, Power Generation, Infrastructure, Automotive and Others) By Country, Industry Analysis and Forecast, 2019 - 2025
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Market Report Description
The Asia Pacific Variable Frequency Drive (VFD) Market would witness market growth of 6.7% CAGR during the forecast period (2019-2025). The innovation that brought back the utilization of AC motors to attention was the VFD for AC motors. The AC-induction motor can change its speed by adjusting the voltage frequency used that powers it. It means that if the voltage applied to an AC motor is 50 Hz (used in countries such as China); the motor would run at its rated speed. If the frequency is raised above 50 Hz, the motor runs faster than its rated speed, and if the supply voltage frequency is lesser than 50 Hz, the motor would run slower than its rated speed.
As per the variable frequency drive working principle, the electronic controller has been primarily designed to change the voltage frequency supplied to the induction motor. The key factors driving market growth of the Variable Frequency Drive (VFD) encompass the increased investment in infrastructure development as well as a higher adoption of VFDs throughout major industry verticals. In addition, growing penetration of connected devices in commercial, industrial, and residential sectors and technological advances are expected to increase demand for variable frequency drives worldwide.
The introduction of advanced microprocessors has allowed the VFD to function as an extremely versatile system that not only controls the motor's speed, but also protects against overcurrent during ramp-up and ramp-down circumstances. In addition, new VFDs include braking methods, power boost during ramp-up, and a range of controls during ramp-down. The biggest advantage the VFD offers is that it can ensure that when it starts, the engine does not pull unnecessary current, so that the overall demand factor for the entire plant can be managed to keep the utility bill as low as possible.
Based on Product Type, the market is segmented into AC Drives, DC Drives and Servo Drives. Based on Power Range, the market is segmented into Low, Medium, Micro and High. Based on Application, the market is segmented into Pumps, Electric Fans, HVAC, Conveyers and Extruders & Others. Based on End User, the market is segmented into Oil & Gas, Industrial, Food & Beverages, Power Generation, Infrastructure, Automotive and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The market research report covers theanalysis of key stake holders of the market. Key companies profiled in the report include ABB Group, Hitachi, Ltd., Eaton Corporation PLC, Rockwell Automation, Inc., Nidec Corporation, Siemens AG, Schneider Electric SE, Mitsubishi Heavy Industries Ltd., Fuji Electric Co., Ltd., and The Danfoss Group.
Scope of the Asia Pacific Variable Frequency Drive (VFD) Market Analysis
By Product Type
- AC Drives
- DC Drives
- Servo Drives
By Power Range
- Electric Fans
- Extruders & Others
By End User
- Oil & Gas
- Food & Beverages
- Power Generation
- South Korea
- Rest of Asia Pacific
- ABB Group
- Hitachi, Ltd.
- Eaton Corporation PLC
- Rockwell Automation, Inc.
- Nidec Corporation
- Siemens AG
- Schneider Electric SE
- Mitsubishi Heavy Industries Ltd.
- Fuji Electric Co., Ltd.
- The Danfoss Group
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