Marine Variable Frequency Drive (VFD) Market - Trends Forecast Till 2028

Marine Variable Frequency Drive (VFD) Market by Type (AC, DC, and Servo), End-Users (Industrial, Infrastructure, Oil & Gas, and Power Generation), Application (Pumps, Fans, Compressors, and Conveyors), Power Range, Voltage, and Region (North America, Europe, Asia-Pacific, Middle East and Africa and South America)

Published Date: January, 2022

Base Year Estimate: 2021

Report ID: D-EN-VFDM-1128

Format:  

Number of Pages: 379

Domain: Energy

Marine Variable Frequency Drive (VFD) Market – Trends Forecast Till 2028

The Marine Variable Frequency Drive (VFD) Market size is projected to reach a CAGR of 9.56% from 2022 to 2028.

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.

Marine Variable Frequency Drive (VFD) Market Research Report

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.

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

Insights are provided for each region and major countries within the regions

Marine Variable Frequency Drive (VFD) Market Primary Respondent

 

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

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.

Reasons to Acquire

  • Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends and factors
  • Gain authentic and granular data access for Marine Variable Frequency Drive (VFD) Market so as to understand the trends and the factors involved behind changing market situations
  • Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
  • In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns

Report Scope

 

Report Feature

Descriptions

Growth Rate

CAGR of 9.56% during the forecasting period, 2022-2028

Historical Data

2019-2020

Forecast Years

2022-2028

Base Year

2021

Units Considered

Revenue in USD billion and CAGR from 2022 to 2028

Report Segmentation

end user, application, power rating, type, voltage and region.

Report Attribute

Market Revenue Sizing (Global, Regional and Country Level) Company Share Analysis, Market Dynamics, Company Profiling

Regional Level Scope

North America, Europe, Asia-Pacific, South America, and Middle East and Africa

Country Level Scope

U.S., Japan, Germany, U.K., China, India, Brazil, UAE, South Africa (50+ Countries Across the Globe)

Companies Profiled

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

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