(PRWEB) August 27, 2014
According to market research report, “Variable Frequency Drives Market by Type (AC, DC, Servo), Power Range (Micro, Low, Medium, High), Voltage (Low & Medium), Application (Pump, Fan, Compressor, Conveyor, Elevator, Extruder) and Geography - Global Market Trends & Forecast to 2019” defines and segments the global variable frequency drives market with an analysis and forecast of the market size. The variable frequency drives market will grow from an estimated $16.64 billion in 2014 to $22.73 billion by 2019, with a CAGR of 6.44% from 2014 to 2019.
Browse 96 market tables and 40 figures spread through 326 pages and in-depth TOC on "Variable Frequency Drives Market - Trends & Forecast to 2019:"
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Asia-Pacific: Largest market for variable frequency drives
Asia-Pacific holds the largest market for variable frequency drives market. The region will have a high CAGR in the next five years due to an increase in infrastructure expenditure.
AC Drives: Biggest market by type
By type, the market is dominated by AC drives, which offer significant advantages over other drives and shows high compatibility with the induction motor that is used in almost all industries.
Pumps: Biggest market by Application
In terms of applications, the drives used in pumps captured the major market share in 2013 with around 35%.
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