This Global Marine VFD Market report considers various factors that have direct or indirect effect on the growth of business which includes historic data, present market trends, environment, technological innovation, upcoming technologies and the technical progress in the Semiconductors and Electronics industry. This report studies the Marine VFD Market with many aspects of the industry like the market size, market status, market trends and forecast, the report also provides brief information of the competitors and the specific growth opportunities with key market drivers. Find the complete Marine VFD Market analysis segmented by companies, region, type and applications in the report.
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Market Analysis: Global Marine VFD Market
Global Marine VFD Market is expected to rise from its initial estimated value of USD 726.58 million in 2018 to an estimated value of USD 1,180.09 million by 2026, registering a CAGR of 6.25% in the forecast period of 2019-2026. Growth in the shipbuilding is the major factor for the growth of this market.
Market Definition: Global Marine VFD Market
VFD stands for variable frequency drive which is also known as AC Drives or Inverters that is used to make AC motor work at different speed. VFD is used in variety of shipboard and marine applications. They are used to regulate the speed and torque of the motor as per the need and requirement. It also uses very less fuel and is very cost- effective.
Major Players: Global Marine VFD Market
Few of the major competitors currently working in marine VFD market are
- Rockwell Automation, Inc.
- Mitsubishi Electric Corporation
- Invertek Drives Ltd.
- GENERAL ELECTRIC
- Yaskawa Electric Corporation
- PARKER HANNIFIN CORP
- Schneider Electric
- Hitachi, Ltd
- Fujifilm India.
Key Developments in the Market:
- In January 2019, Yaskawa America, Inc announced the launch of their new GA800 Variable Speed Drive which is 600 HP and is designed to control traditional and emerging motor technologies. They can handle wide range of application from small fan to large dynamometers. It will be easy to use and will provide good performance.
- In April 2018, Invertek Drives announced the launch of new range of IP66 outdoor rated variable frequency drives at Hannover Messe 2018, Germany. They are very useful for external fan, marine and HVAC equipment. It can be used in wide number of applications as they withstand degradation by oils, acids and ultra violet rays.
Competitive Analysis: Global Marine VFD Market
Global marine VFD market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of marine VFD market for global, Europe, North America, Asia Pacific and South America.
TABLE OF CONTENTS: Global Marine VFD Market
1 Marine VFD Product Definition
2 Marine VFD Manufacturer Share and Market Overview
3 Manufacturer Advanced Gear Shifter System Business Introduction
4 Global Marine VFD Market Segmentation (Region Level)
5 Global Marine VFD Market Segmentation (Product Type Level)
6 Global Marine VFD Market Segmentation (Industry Level)
7 Global Marine VFD Market Segmentation (Channel Level)
8 Global Marine VFD Market Forecast 2019-2023
9 Global Marine VFD Segmentation Product Type
10 Global Marine VFD Segmentation Industry
11 Global Marine VFD Market Cost of Production Analysis
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Market Drivers: Global Marine VFD Market
- Growing shipbuilding industry is driving the growth of this market
- Increasing demand for energy efficiency is driving the market
Market Restraints: Global Marine VFD Market
- High damaging cost is restraining the growth of this market
- Availability of cheap and low quality products in the market is another factor restraining the market growth
Segmentation: Global Marine VFD Market
(AC Drive, DC Drive), Voltage (Low Voltage Drive, Medium Voltage Drive),
Applications (PUMP, FAN, Compressor, Propulsion/Thruster, Crane & Hoist),
Technology (Standard, Regenerative),
Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)
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Key Insights in the report: Global Marine VFD Market
- Complete and distinct analysis of the market drivers and restraints
- Key Market players involved in this industry
- Detailed analysis of the Market Segmentation
- Competitive analysis of the key players involved
Key points for analysis: Global Marine VFD Market
- To describe and forecast the Sorbitol Market, in terms of value, by process, product type, and industry.
- To strategically profile key players and comprehensively analyze their market position in terms of ranking and core competencies, and detail the competitive landscape for market leaders
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.
- Company profiling with comprehensive approaches and methodologies, financials, and latest technological developments
- To provide detailed information regarding the major factors (drivers, restraints, opportunities, and challenges) influencing the Global Marine VFD Market growth
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