VARIABLE FREQUENCY DRIVE MARKET ANALYSIS

Variable Frequency Drive Market, By Deployment (On-premise and Cloud), By Drive Type (AC Drive, DC Drive, Servo Drive), By Voltage Range (Low Voltage Range, Medium Voltage Range), By Application Type (Standard, Regenerative), By End-use Application (Pump, Fan, Compressor, Conveyor, HVAC, Other Applications), By End-use Industry (Oil & Gas, Food Processing, Automotive, Mining & Metals, Pulp & Papers, Applications Others (Power generation, chemical processing, etc.)), By Region (North America, Latin America, Europe, Middle East & Africa, and Asia Pacific)

Published In : Jun 2023
Code : CMI4730
Pages :170
Formats :
Excel and PDF
Industry : Information and Communication Technology

Market News

Global Variable Frequency Drive Market: Key Developments

In April 2021, Siemens, a Germany-based industrial product manufacturing company launched a new, compact, and powerful SINAMICS G115D drive system and such a system is designed for horizontal conveyor applications.

In May 2021, SFC Energy AG, a leading supplier of hydrogen and methanol fuel cells for stationary and mobile hybrid power solutions has received an initial order for their fully integrated Variable Frequency Drive systems (VFDs) from an Alberta Oil Producer. The order is for electric submersible pumps (ESPs)

On September 2020, ABB is investing about US$ 43.5 million in new research and development facilities and office space for its Motion and Industrial Automation Business in Turgi, Switzerland. Through this investment ABB to strengthened its position several high-growth areas and to expand its innovation capabilities.