Variable Frequency Drives Market to Gain Momentum with Rising Need for Optimum Energy Utilization

Radiant Insight Announce Addition of New Report “Variable Frequency Drives Market to Gain Momentum with Rising Need for Optimum Energy Utilization

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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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

 

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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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