Variable Frequency Drive (VFD) is a type of adjustable-speed drive used in electro-mechanical drive systems to control AC motor speed and torque by varying motor input frequency and voltage.
Asia Pacific is estimated to be the largest market from 2019 to 2024. The growth of this region can be attributed to the strong economic growth and supportive government policies for the shipbuilding industry. China, South Korea, and Japan are among the fastest growing countries in Asia Pacific.
The Global Marine Variable Frequency Drive (VFD) Market had reached xxx million USD with a CAGR xx from 2015-2019. Later on, it will go to xxx million USD in 2020 with a CAGR xx % from 2020 - 2026.
In the global Marine Variable Frequency Drive (VFD) Market, This report focuses particularly in North America, South America, Europe and Asia-Pacific, and Middle East and Africa. This report classifies the Market on the basis of application, type, regions, and manufactures.
In Market segmentation by manufacturers, the report covers the following companies-
Danfoss
ABB
Rockwell Automation
Siemens
CG Power and IndUStrial Solutions
Mitsubishi Electric
WEG
Invertek Drives
Eaton
GE
Yaskawa
Parker Hannifin
Beard Marine Group
In Market segmentation by geographical regions, the report has analysed the following regions-
North America (USA, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
In Market segmentation by types :
AC Drive
DC Drive
In Market segmentation by applications :
Marine Pump
Marine Fan
Marine Compressor
Marine Propulsion/Thruster
Marine Crane & Hoist
The research provides answers to the following key questions:
• What is the estimated growth rate and Market share and size of the Marine Variable Frequency Drive (VFD) Market for the forecast period 2020 - 2026?
• What are the driving forces in the Marine Variable Frequency Drive (VFD) Market for the forecast period 2020 - 2026?
• Who are the prominent Market players and how have they gained a competitive edge over other competitors?
• What are the Market trends influencing the progress of the Marine Variable Frequency Drive (VFD) industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the Market hold for the prominent Market players?