Europe Variable Frequency Drive Market Size, Share, Growth, Trend By 2025

Posted by Robson Tolson on January 27th, 2020

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.

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.

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.

Key Players :

Major players operating in the Europe variable frequency drive market include ABB Ltd., Rockwell Automation, Siemens AG, Schneider Electric Se, General Electric, Hitachi, Mitsubishi Heavy Industries Ltd, Crompton Greaves, Fuji Electric Co, Toshiba and others.

Key Target Audience:

Variable frequency drive manufacturers, suppliers and other stakeholders

Government bodies such as regulating authorities and policy makers

Organizations, forums and alliances related to variable frequency drive

Market research and consulting firms

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, suppliers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.