Global Variable Frequency Drives Market Worth $18,854 Million By 2017
VFD manufacturers are constantly trying to modify their products line in order to increase their market share which in turn helps them to bag bulk supply contracts. This market is mainly dominated by large electronic and electrical equipment manufacturers and few dedicated drive manufacturers. Swiss manufacturer, ABB Ltd, is a dominant player of this market followed by Siemens (U.S.), Schneider Electric ( France), and Vacon Plc ( Finland).
The report forecasts revenue of the global variable frequency drives market and its various submarkets with respect to five main regions such as North America, Europe & Eurasia, Asia-Pacific, Latin America, and Middle East & Africa. At the country level U.S., China, Japan, India, Germany, France, U.K, Russia, Italy, and several Latin American countries were analyzed.
The report segments the global VFD market by type, application, voltage and power range, and geography. It also focuses on market share analysis, and market metrics such as drivers, restraints, and opportunities.
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