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.
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.
Insights are provided for each region and major countries within the regions
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Report Feature |
Descriptions |
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Growth Rate |
CAGR of 9.56% during the forecasting period, 2022-2028 |
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Historical Data |
2019-2020 |
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Forecast Years |
2022-2028 |
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Base Year |
2021 |
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Units Considered |
Revenue in USD billion and CAGR from 2022 to 2028 |
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Report Segmentation |
end user, application, power rating, type, voltage and region. |
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Report Attribute |
Market Revenue Sizing (Global, Regional and Country Level) Company Share Analysis, Market Dynamics, Company Profiling |
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Regional Level Scope |
North America, Europe, Asia-Pacific, South America, and Middle East and Africa |
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Country Level Scope |
U.S., Japan, Germany, U.K., China, India, Brazil, UAE, South Africa (50+ Countries Across the Globe) |
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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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Available Customization |
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. |
Marine Variable Frequency Drive (VFD) Market is segmented into end user, application, power rating, type, voltage and region.
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