APAC Variable Frequency Drive Market size is poised to witness remarkable growth between 2021 and 2027, according to a latest forecast report by Graphical Research.
The market growth is owing to increasing technological upgrades along with the ongoing integration of energy-efficient resources. VFD are controllers and solid-state regulators driving the motor by shifting the voltage and frequency transferred to the electric motor. A paradigm shift toward the adoption of flourishing automotive sector in line with favorable regulatory reforms toward energy efficiency will augment the business landscape. In addition, growing investments in infrastructural development across the region coupled with improvements in voltage regulation will foster industry growth.
The incorporation of high-end solutions to cater to regulatory standards will propel the demand for high-power variable frequency drives. The introduction of codes & standards to develop green buildings along with minimal maintenance costs will further boost the product penetration. Rising energy demand combined with consistent power fluctuations for a long duration will accelerate the product demand. In addition, reduced equipment setup time, increasing system reliability, energy savings, and power factor control will foster the market demand.
The regenerative-based variable frequency drive segment will gain remarkable momentum during the forecast timeline owing to the capability of energy recovering along with ongoing refurbishment of existing electrical machines with smart and energy-efficient solutions. Moreover, the multi-nodal integration with distribution networks, efficient voltage regulation, and quick cooling systems will further propel the market revenue. Frequent power outages coupled with the growing requirement for robust production units with high capacities will institute a favorable business scenario across the region.
Browse detailed statistical insights from the report, “Asia Pacific Variable Frequency Drive (VFD) Market Forecast 2027 By Voltage (Low, Medium), By Drive (AC, DC, Servo), By Application (Pump, Fan, Conveyer, Compressor, Extruder), By End Use (Oil & Gas, Power Generation, Mining & Metals, Pulp & Paper, Marine), Research Report, Country Outlook (China, Japan, India, Australia, South Korea), COVID-19 Impact Statistics, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share” along with the table of contents (ToC) @
A continuous shift toward the deployment of VFDs (with motors) from gas turbines, offering operational performance and economic viability across various oil & gas operations will positively influence the industry outlook. Low environmental impacts and high reliability in line with improved efficiency will accelerate VFD demand across the O&G sector. Increasing industrialization coupled with minimized operational costs and enhanced overall system performance will further complement the market size.
Growing energy prices along with ongoing concerns over availability and the environmental impact have amplified interest in energy-efficient technologies across India. Growing focus toward infrastructural development coupled with government directives for energy-efficient systems will complement the industry scenario. As per the Bureau of India Standards, the energy-efficient induction motor document stated guidelines to set the efficiency level of motors as IE1, IE2 & IE3 and the motors shall maintain IE3 level efficiency standards while those equipped with variable frequency drives must maintain IE2 level efficiency.
The APAC variable frequency drive market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in Kilotons & revenue in USD Million from 2016 to 2027 for the following segments:
Asia Pacific Market, By Power range
Asia Pacific Market, By Drive
Asia Pacific Market, By Voltage
Asia Pacific Market, By Technology
Asia Pacific Market, By Application
Asia Pacific Market, By End Use
- Oil and Gas
- Power Generation
- Food Processing
- Mining & Metals
- Pulp & Paper
The above information has been provided for the following countries:
- Asia Pacific
- South Korea