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Large Scale Variable Frequency Drives Market Size

Report ID: GMI7471
Published Date: Nov 2023
Report Format: PDF

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Large Scale Variable Frequency Drives Market Size

Large Scale Variable Frequency Drives Market was valued at USD 2.1 billion in 2022 and is projected to observe around 5.7% CAGR from 2023 to 2032. Large-scale variable frequency drives are set to witness significant growth owing to increasing demand for energy-efficient systems and the implementation of stringent regulations aimed at curbing energy consumption.

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The operational attributes of these units, which include enhanced energy efficiency, minimized mechanical strain on both motors and equipment, smoother start-up and shutdown processes, and refined process control, are set to boost the product utilization. These units excel in optimizing machinery performance across a diverse array of applications, on account of their compatibility with various motor types, including dynamic linear motors, standard AC induction motors, energy-efficient hybrid motors, which further will significantly augmenting the product deployment.

Large Scale Variable Frequency Drives Market Report Attributes
Report Attribute	Details
Base Year:	2022
Large Scale Variable Frequency Drives Market Size in 2022:	USD 2.1 Billion
Forecast Period:	2023 to 2032
Forecast Period 2023 to 2032 CAGR:	5.7%
2032 Value Projection:	USD 3.7 Billion
Historical Data for:	2019 to 2022
No. of Pages:	520
Tables, Charts & Figures:	709
Segments covered:	Voltage, Application, End-Use and Region
Growth Drivers:	Rising demand for energy efficient systems Elevating energy demand Robust R&D initiatives for product development Sustainable regulatory framework Accelerated investment and expenditure for advanced infrastructure development
Pitfalls & Challenges:	High initial deployment cost

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Authors: Ankit Gupta, Divyendu Sharma

Frequently Asked Questions (FAQ) :

The market size of large scale variable frequency drives was worth USD 2 billion in 2022 and is projected to observe around 5.7% growth at through 2032, owing to increasing demand for energy-efficient systems and the implementation of stringent regulations aimed at curbing energy consumption.

The pump application is anticipated to witness a revenue share of over 42% in 2022 and will gain momentum as VFDs are frequently employed in pump systems to offer precise control over the electrical power frequency, enabling the effective adjustment of pressure or flow within the system.

Asia Pacific variable frequency drives market was valued at USD 1 billion in 2022 and will continue to showcase impressive growth trends, owing to the robust industrial expansion, that has led to increased demand for large-scale VFDs to control and optimize various industrial processes.

General Electric, Shanghai Yixin International Trade Co., Ltd., Siemens, Ingeteam Power Technology, S.A, ABB, WEG, Eaton, Rockwell Automation, YASKAWA ELECTRIC CORPORATION, and Danfoss among others.