Variable frequency speed drives vfd vsd market
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The global variable frequency/speed drives (VFD/VSD) market is expected to reach $18,854 million by 2017, growing at a CAGR of 8.7% from 2012 to 2017, driven by increasing demand for electrical efficiency and modernization investments. The Asia-Pacific region is anticipated to exhibit the highest revenue growth due to its expanding manufacturing base. The market, while facing a temporary slowdown in growth in 2012, is projected to rebound steadily due to rising energy prices and stringent efficiency regulations.
Variable frequency speed drives vfd vsd market
- 2. Growing demand for electrical efficiency and increasing investment in modernization of infrastructure will drive the global VFD (variable frequency drives)/VSD (variable speed drives)/ASD (adjustable speed drives)/inverters market to $18,854 million by 2017, with a CAGR of 8.7% from 2012 to 2017. Asia- Pacific, with its thriving economies and rapidly expanding manufacturing bases, is expected to experience highest revenue growth during the next five years. The factors driving growth in the VFD market are rising energy prices, stringent efficiency regulations, and increased awareness about advantages of the drives. VFD is a highly developing market despite having a large base due to its enormous potential offered by these drives. Though the market experienced slight reduction in the growth rate in 2012; this effect will be short lived and the market will bounce back with steady growth in the future. Summary
- 3. Variable Frequency/Speed Drives (VFD/VSD) Market COMPETITIVE LANDSCAPE INTRODUCTI ON SUPPLY CONTRACT NEW PRODUCTS LAUNCH EXPANSIONS Variable Frequency/Speed Drives (VFD/VSD) Market
- 4. For this report, various secondary sources such as chemical magazines, encyclopedia, directories, technical handbooks, company annual reports, industry association publications, articles, trade websites, and databases have been referred to identify & collect information useful for this extensive commercial study of global VFD market. The primary sourcesexperts from related industries and suppliershave been interviewed to obtain and verify critical information as well as to assess the future prospects and market estimations. This report analyzes various marketing trends and establishes the most effective growth strategy in the market. It identifies market dynamics such as drivers, restraints, opportunities, burning issues, and winning imperatives. To know more information about this report click here – http://www.jsbmarketresearch.com/energy-utilities/r-Variable- FrequencySpeed-Drives-VFDVSD-Market-By-Type-AC-DC-Servo-Voltage- Range-63825 Variable Frequency/Speed Drives (VFD/VSD) Market
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