Europe Variable Frequency Drive Market to Grow at a Steady Rate During Forecast Period
According
to TechSci 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.
Browse market data Tables and Figures spread through Pages and an in-depth TOC on
"Europe
Variable Frequency Drive Market"https://www.techsciresearch.com/report/europe-variable-frequency-drive-market/4458.html
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.
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“Owing
to the use of variable frequency drives in wide range of industries such as
mining, oil & gas, cement, chemical, water & wastewater, petrochemical
and pulp & paper, the Europe variable frequency drive market is expected to
witness tremendous growth in the next 5 years. Furthermore, rise in operations
across power generation and oil and gas industry coupled with high expenditure
for the establishment of manufacturing facilities across the region are projected
to bolster the variable frequency drive market growth through 2025.” said Mr.
Karan Chechi, Research Director with TechSci Research, a research based global
management consulting firm.
“Europe Variable Frequency Drive Market By Type, By End-User,
By Power Range, By Voltage, By Application, By Region, Competition, Forecast
& Opportunities, 2025” has
evaluated the future growth potential of Europe variable frequency drive market
and provides statistics & information on market size, structure and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges and opportunities in Europe variable frequency drive market.
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