Press Release

According to a new report published by the Insight Partners titled “Global Variable Speed Drive Market to 2027″ is a specialized and in-depth study of the Variable Speed Drive industry with a special focus on the global market trend analysis. The report aims to provide an overview of Variable Speed Drive market with detailed market segmentation by product, type, consumption distribution channel and geography. The global Variable Speed Drive market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading Variable Speed Drive market players and offers key trends and opportunities in the market.

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Leading key market players mentioned in the report:-

  •  ABB Ltd.
  •  Crompton Greaves
  •  Danfoss
  •  Emerson Electric
  •  General Electric
  •  Rockwell Automation, Inc.
  •  Schneider
  •  Siemens AG
  •  WEG
  •  Yaskawa Electric Corporation

Variable Speed Drive regulates the rotational force and speed of the electric motor by altering the frequency of the power being provided to the motor. Motors are widely used in offices and industries. Motors perform in various machines such as power plant fans, sewage and irrigation pumps, milking machines, and paper machines. Moreover, variable speed drive is crucial components in electrical devices such as compressor, pump, conveyor, fan, and devices. Compared to other motor controllers, the installation of a variable speed drive is much more comfortable.

Rising demand for energy-efficient devices and an increase in urbanization in emerging markets are the major factors driving the growth of the variable speed drive market. However, high cost related to the motors and its maintenance is expected to restrain the growth of the variable speed drive market. The advantage such as reduced voltage sag, controlled initial current that extends the life of the motor, and controlled acceleration fascinates industries to adopt variable speed drives.

The global Variable speed drive market is segmented on the basis of voltage, type, power, applications, end-user. On the basis of voltage, the market is segmented as low voltage, medium voltage. On the basis of type, the market is segmented as AC drives, DC drives, servo drives. On the basis of power, the market is segmented as micro-power drives, low-power drives, medium-power drives, high-power drives. On the basis of applications, the market is segmented as pumps, fans, compressors, conveyors, others. On the basis of end-user, the market is segmented as oil and gas, industrial, infrastructure, power generation.

The global 3D magnetic sensor market is segmented on the basis of type, applications. On the basis of type, the market is segmented as rotary 3D magnetic sensor, linear 3D magnetic sensor. On the basis of applications, the market is segmented as automobile, industrial, consumer electronics, others.

This market research report administers a broad view of the Variable Speed Drive market on a Global basis, presenting a forecast and statistics in terms of revenue during the forecast period. It covers an illustrative study with detailed segmentation, complete research and development history, latest news and press releases. Additionally, it demonstrates the future aspects and portrays a sketch of the key players involved in the Variable Speed Drive market’s growth in terms of revenue.

The report also provides the market size and estimates a forecast from the year 2017 to 2027 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America providing an exhaustive PEST analysis for all five regions after evaluating political, economic, social and technological factors effecting the Variable Speed Drive market.

The report also analyzes the factors affecting Variable Speed Drive market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend.

Reasons to Buy the Report:

  • Learn about the driving factors, affecting the market growth.
  • Imbibe the advancements and progress in the market during the forecast period.
  • Understand where the market opportunities lies.
  • Compare and evaluate various options affecting the market.
  • Pick up on the leading market players within the market.
  • Envision the restrictions and restrains that are likely to hamper the market.

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This post was originally published on The Picayune Current