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.
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.
Marine Propulsion systems often use Medium Voltage VFD s, but even low voltage VFD s are used in a variety of applications including pumps, hoists, and cranes.
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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.
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
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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)
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.
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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
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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Research Methodology: Global Marine VFD Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request an Analyst Call or can drop down your inquiry.
The key research methodology used by DBMR Research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
- To analyze the market size of the market and infer the key trends from it.
- Industry Chain Suppliers of Global Marine VFD Market with Contact Information
- The key findings and recommendations highlight crucial progressive industry trends in the Global Marine VFD Market, thereby allowing players to develop effective long term strategies
- To analyze opportunities in the market for stakeholders by identifying the high-growth segments of the Global Marine VFD Market
- Extensive analysis of the key segments of the industry helps in understanding the trends in types of point of care test across Europe.