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Variable Frequency Drive - Global Market Outlook (2017-2023)LONDON, Aug. 1, 2017 /PRNewswire/ -- According to Stratistics MRC, the Global Variable Frequency Drive market is expected to grow from $18.68 billion in 2016 to reach $28.21 billion by 2023 with a CAGR of 6.0%. Growing demand for energy efficiency, government regulations and rise in demand for industrialization and urbanization are some factors expected to witness lucrative growth. Conversely, declining investments in Greenfield will reflect the market strength during the forecast period. Moreover, the market has tremendous growth opportunity like growing prospect in industrial internet of things (IIoT) and replacement sector. • Conveyors • HVAC • Other Applications End Users Covered: • Industrial • Oil & Gas • Infrastructure • Power Generation • Food Processing • Automotive • Mining & Metals • Pulp & Papers • Other End Users Types Covered: • Direct Current (DC) Variable Frequency Drives • Servo Variable Frequency Drives • Alternative Current (AC) Variable Frequency Drives Power Ranges Covered: • High Power Drives • Medium Power Drives • Low Power Drives • Micro Power Drives Regions Covered: • North America o US o Canada o Mexico • Europe o Germany o France o Italy o UK o Spain o Rest of Europe • Asia Pacific o Japan o China o India o Australia o New Zealand o Rest of Asia Pacific • Rest of the World o Middle East o Brazil o Argentina o South Africa o Egypt What our report offers: - Market share assessments for the regional and country level segments - Market share analysis of the top industry players - Strategic recommendations for the new entrants - Market forecasts for a minimum of 7 years of all the mentioned segments, sub segments and the regional markets - Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations) - Strategic recommendations in key business segments based on the market estimations - Competitive landscaping mapping the key common trends - Company profiling with detailed strategies, financials, and recent developments - Supply chain trends mapping the latest technological advancements Download the full report: https://www.reportbuyer.com/product/3994466/ About Reportbuyer Reportbuyer is a leading industry intelligence solution that provides all market research reports from top publishers http://www.reportbuyer.com For more information: Sarah Smith Research Advisor at Reportbuyer.com Email: [email protected] Tel: +44 208 816 85 48 Website: www.reportbuyer.com View original content:http://www.prnewswire.com/news-releases/variable-frequency-drive---global-market-outlook-2017-2023-300497798.html SOURCE ReportBuyer |