Description
According
to a report on Radiant Insights, Inc., the requirement for optimizing
manufacturing processes and reducing operational costs by minimizing energy
consumption can drive the variable frequency drives (VFD) market during the
forecast period (2017 to 2021). A VFD device is utilized to control frequency
and voltage provided to the motor, depending on the application. It finds
application in heavy industries such as power, oil and gas, paper, cement,
marine, and wastewater
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Currently,
VFD manufacturers are emphasizing on reducing total weight and size of drives
sued. For instance, in September 2017, Danfoss Industries introduced a modern
high-power automation drive at the Energy Efficiency Summit 2017 held in India.
This drive is specially designed for regions where supply of energy is very
limited. Thus, this drive will save nearly 20 per cent of energy input and
assist in reduction of carbon footprint by industries. The drive is also designed
in a way that allows more power to be integrated within a single drive.
High-power density of the drive is achieved by maximizing the capacity of
silicon and thermal management. This drive can be used in several industries
such as mining, cement, and heating, ventilation, and air-conditioning (HVAC)
In
the same month, Danfoss also announced a certification from the
Air-Conditioning, Heating, and Refrigeration Institute (AHRI) for
variable-frequency drives based on the performance of its VLT HVAC drives. The
company is reportedly the first to offer VFD for HVAC applications. This
compact drive is perfect for applications where space is limited and in harsh
environments
Factors
such as rapid urbanization and industrialization in developing countries and stringent
government rules to reduce greenhouse emission can propel the variable
frequency drives (VFD) market over the forecast period (2017 to 2021).
Increasing use of electric motors in household appliances and various other
industries such as aerospace and automobiles can also boost the market
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Full Report at- https://www.radiantinsights.com/research/global-variable-frequency-drives-market-2017-2021
The
Asia Pacific region is projected to be a prominent market due to rapidly
growing industries such as chemicals, manufacturing, infrastructure, transportation,
and hydrocarbons
Prominent
venders operating in the market include ABB, Rockwell Automation, Schneider
Electric, and Siemens
Radiant
Insights, Inc. provides a comprehensive review of market trends and estimates
for global as well as major regional markets. It also provides insights on
strategic activities of leading companies worldwide
About Us
Radiant
Insights is a market research and consulting company offering syndicated
research studies, customized reports, and consulting services. Our market
research studies are designed to facilitate strategic decision making, on the
basis of extensive and in-depth quantitative information, supported by
extensive analysis and industry insights. Using a patented and robust research
methodology, we publish exhaustive research reports covering a host of
industries such as Technology, Chemicals, Materials, and Energy. Radiant
Insights has a strong base of analysts, consultants and domain experts, with
global experience helping us deliver excellence in all research projects we
undertake
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Corporate
Sales Specialist, USA
Radiant
Insights, Inc
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