Marine Variable Frequency Drive (VFD) Market Report 2024 by Delvens offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Marine Variable Frequency Drive (VFD) Market size is projected to reach a CAGR of 9.56% to 2028.
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Marine variable frequency drive (VFD) is cost efficient electrical equipment that is utilized to adjust the speed and torque of a VFD electric motor. It is utilized in an assortment of marine functions for example pumps, fans, compressors, propulsion, cranes, and hoists. There are two categories of marine VFD’s, AC drive and DC drive.
Growing regulations towards energy efficiency, upgradation & modernization of aging infrastructure for safe & secure electrical distribution systems, and increasing rate of industrialization and urbanization are some of the factors that have supported long-term expansion for Marine Variable Frequency Drive (VFD) Market.
Regional Analysis
Asia Pacific is estimated to be the largest market. Countries such as China, India, Japan, and South Korea are among the major countries considered as the main manufacturing hub for variable frequency drives.
Key Players
· ABB
· Rockwell Automation, Inc.
· Danfoss
· Siemens
· Mitsubishi Electric Corporation
· WEG
· Invertek Drives Ltd.
· Eaton
· GENERAL ELECTRIC
· Yaskawa Electric Corporation
· PARKER HANNIFIN CORP
· Schneider Electric
· Hitachi Ltd
· Fujifilm India and More
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Recent Developments
In December 2020, Rockwell Automation re-launched its Kinetix 5100 servo drive for a wide range of applications, including packaging, converting, print & web, and machine and assembly with the voltage availability of 480V.
In January 2019, ABB launched a series of ACS880 industrial drives and ACH580 Ultra-Low Harmonic (ULH) HVAC drives, which are used in many industries and applications to tackle harmonic issues.
Marine Variable Frequency Drive (VFD) Market is segmented into end user, application, power rating, type, voltage and region.
On the basis of End-User
· Oil & Gas
· Industrial
· Power
· Infrastructure
On the basis of Application
· Pumps
· Fans
· Compressors
· Conveyors
· Others
On the basis of Power Rating
· Micro Power Drive
· Low Power Drive
· Medium Power Drive
· High Power Drive
On the basis of Type
· AC Drives
· DC Drives
· Servo Drives
On the basis of Voltage
· Low Voltage
· Medium Voltage
On the basis of Region
· Asia Pacific
· North America
· Europe
· South America
· Middle East & Africa
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In addition to the market data for Marine Variable Frequency Drive (VFD) Market, Delvens offers client-centric report and customized according to the company’s specific demand and requirement.
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