Portland, OR -- (SBWIRE) -- 10/10/2017 -- Variable frequency drives (VDF) are capable of converting the basic fixed frequency into variable frequency resulting in enhanced motor control. The use of variable frequency drives facilitates in power savings, efficient flow control, and cost savings. Moreover, VDF equipment is far more reliable compared to the traditional mechanical approaches and the frequency variations have the larger scope of application in various end-user industries.
The rise in the need for energy efficiency and cost savings is expected to drive the growth of the Variable Frequency Drives Market. Further, rapid urbanization and industrialization are also anticipated to fuel the demand for VDF equipment during the forecast period. However, the lack of application of VDF in pumping the fluids is expected to hinder the growth of the market.
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Variable Frequencies Drives Market Report Key Benefits:
-The study provides an in-depth analysis of the global variable frequency drives market and current & future trends to elucidate the imminent investment pockets.
-Information about key drivers restrains, and opportunities are provided.
-Porters Five Forces analysis illustrates the potency of buyers and suppliers operating in the industry.
-The quantitative analysis of the global market from 2016 to 2023 is provided to determine the market potential.
Key players profiled in the report include ABB, Hitachi, Honeywell, Mitsubishi Electric, Omron, Panasonic, Schneider Electronics, Siemens, Toshiba, and Yaskawa.
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Variable Frequencies Drives Market Key Segments:
By End-User Industry
-Oil & Gas
oRest of Europe
oRest of Asia-Pacific
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