Growing use of VFDs in industrial activities and increasing need for energy efficiency to drive the growth of Europe variable frequency drive market
According to Tech Sci Research report, “Europe Variable Frequency Drive Market By Type, By End-User, By Power Range, By Voltage, By Application, By Region, Competition, Forecast & Opportunities, 2025”, the Europe variable frequency drive market is expected to witness a steady growth during the forecast period on the account of growing infrastructure development in the region coupled with increasing urbanization. Moreover, aging power infrastructure and industrial internet of things are estimated to offer promising business opportunities in the VFD market. Additionally, increasing demand for process optimization is further projected to fuel the market growth through 2025. For instance, during communication between modern motor controllers like VFDs and process automation controllers, it is possible to achieve higher efficiency and process improvement.
Browse market data Tables and Figures spread through Pages and an in-depth TOC on“ Europe Variable Frequency Drive Market”
The Europe variable frequency drive market is segmented based on type, end-user,
power range, voltage, application, region and company. In terms of application,
the Europe variable frequency drive market is fragmented into pumps, extruders,
conveyors, compressors and others. Among them, the compressor segment is projected
to grow at the highest CAGR during the next five years. Air compressor is a
vital component for many end user industries such as oil & gas, food &
beverage, chemical and building automation industries. Therefore, growing investments
toward infrastructure and oil & gas industries are likely to boost the
demand for the compressor segment in the region.
Market Players :
ABB Ltd., Rockwell Automation, Siemens AG, Schneider Electric Se, General Electric, Hitachi, Mitsubishi Heavy Industries Ltd, Crompton Greaves, Fuji Electric Co, Toshiba etc. are some of the leading players operating in Europe variable frequency drive market.
“Owing to the use of variable frequency drives in wide range of industries such as mining, oil & gas, cement, chemical, water & wastewater, petrochemical and pulp & paper, the Europe variable frequency drive market is expected to witness tremendous growth in the next 5 years. Furthermore, rise in operations across power generation and oil and gas industry coupled with high expenditure for the establishment of manufacturing facilities across the region are projected to bolster the variable frequency drive market growth through 2025.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
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“Europe Variable Frequency Drive Market By Type, By End-User,
By Power Range, By Voltage, By Application, By Region, Competition, Forecast
& Opportunities, 2025” has
evaluated the future growth potential of Europe variable frequency drive market
and provides statistics & information on market size, structure and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges and opportunities in Europe variable frequency drive market.
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