Variable frequency drive is a device used for controlling the frequency and voltage that is supplied to the motor, based on the application need and requirements. Variable frequency drives provide motion control and reduce the power use, as they regulate the motors and supply only the required voltage, thereby reducing power consumption. The global variable frequency drives market is segmented into the following power ratings: less than 1000 kW and greater than 1000 kW.
Growing infrastructure and manufacturing sectors are expected to be the major growth drivers for the low voltage VFD market. Medium voltage drives function at slightly higher voltages than low voltage VFDs. By nature of this property, medium voltage drives consume less electricity as compared to their low voltage counterparts. Equipment used in industries such as mining, oil and gas, and power generation function at high voltage levels. The manufacturing sector was the largest consumer of variable frequency drives globally, accounting for 29.4% of the global share in 2017.
The Variable Frequency Drives Market report analyses the impact of COVID-19 on this industry. COVID-19 can affect the global market in 3 ways: by directly affecting production and demand, by creating supply chain and market disruption, and by its financial impact on enterprises and financial markets.

The report offers detailed coverage of Variable Frequency Drives industry and main market trends. The market research includes historical and forecast market data, demand, application details, price trends, and company shares of the leading Variable Frequency Drives by geography. The report splits the market size, by volume and value, on the basis of application type and geography.

The report forecast global Variable Frequency Drives market to grow to reach xxx Million USD in 2020 with a CAGR of xx% during the period 2021-2027.

First, this report covers the present status and the future prospects of the global Variable Frequency Drives market for 2015-2027.

Key Companies
ABB
Danfoos
Rockwell Automation
Siemens
Schneider Electric
Eaton
Emerson
Fuji Electric
General Electric
Hitachi
Mitsubishi Motors
Schaffner
SPOC Automation
Toshiba
WEG
Yaskawa Electric

Variable Frequency Drives Market by Type
Low Voltage
Medium Voltage
Variable Frequency Drives Market by Application
Manufacturing
Chemical Processing
Infrastructure Development
Oil And Gas
Automotive
Power Generation

At the same time, we classify Variable Frequency Drives according to the type, application by geography. More importantly, the report includes major countries market based on the type and application.
The report conveys the entirety of current realities about market definition, orders, applications, and commitment for the Variable Frequency Drives market that are basic to be victorious inside the market. The principle motivation behind this report is to give a development map with respect to the activities taken by central participants of the Variable Frequency Drives market like item dispatches, joint endeavors, propensities, consolidations, and acquisitions which is influencing the Variable Frequency Drives market undertaking in general and furthermore influencing the business, import, fare, income and CAGR values.

Regional Analysis
North America, Latin America, Asia-Pacific countries, Europe, India, China, and over twenty countries have been analyzed based on the different marketing elements such as manufacturing capacity, consumer base, productivity, and profit margin, and ease of business. It is observed that North America, in particular, will show impressive development during the estimated time frame in marketing development. Administration organizations and outsider managers are channelizing their efforts to make client-driven items that will add to the development of an efficient marketing scenario in these regions. As the significant parts of the market business would be all around the globe, Middle East, Africa, North America along with other Asia-Pacific nations shows a great prospect of developing a good market favorable environment.

The research provides answers to the following key questions:
• What is the estimated growth rate and market share and size of the Variable Frequency Drives market for the forecast period 2021 - 2027?
• What are the driving forces in the Variable Frequency Drives market for the forecast period 2021 - 2027?
• Who are the prominent market players and how have they gained a competitive edge over other competitors?
• What are the market trends influencing the progress of the Variable Frequency Drives industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the market hold for the prominent market players?

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