The report, now available on ASDReports, recognizes the following companies as the key players in the Global Variable Frequency Drives Market: ABB, Siemens, Toshiba and Yaskawa
Other Prominent Vendors in the market are: American Electric Technologies, Amtech Electronics India, Emerson, Fuji Electric, Hiconics Drive Technology, Hitachi, Honeywell, Johnson Controls, Mitsubishi Electric, DELTA, and Schneider Electric.
Commenting on the report, an analyst said: “Low power rating drives of less than 1 MW are slowly gaining popularity in the market. Technological advances have enabled end-users to manufacture and provide compact and energy-efficient devices that use low power rating drives. Also, the rising demand for HVAC systems has intensified the need for such drives. These drives are used for motors with low power ratings and are widely used in applications such as cranes, hoists, fan applications, and lower capacity pumps, thus steadily fueling the growth of global VFD market.”
According to the report, VFDs are increasingly being applied in HVAC systems as energy management tools. VFDs act as energy-saving devices in fans, pumps, air handling units, and chillers. They are increasingly used in equipment having variable load applications. Typically, energy savings vary from 30% to 50% when using a VFD.
Further, the report states that the substantial initial investment required to enter the market restricts the overall growth of the market.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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Source: ASDReports - Market Research
Date: Jan 4, 2016