A variable frequency drive (VFD) is an electronic device used to vary the applied voltage supplied by an electric motor.
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A variable frequency drive (VFD) is an electronic device used to vary the applied voltage supplied by an electric motor. It is used to regulate operating speed and overall efficiency to reduce power consumption.
The rise in automation, digitalization and interconnectedness of industrial processes across industries has led to an increase in the demand for remote process monitoring in the variable speed drive market. By controlling and monitoring motors, the collected data can be improved in complex and intelligent industrial applications.
They can significantly save energy and increase application efficiency. Once the R&D work is completed, more industries will use the Industrial Internet of Things (IIoT) on this device.
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The report provides detailed analysis of regional trends and dynamics, providing insight into geographic differences. Understanding regional nuances is critical for businesses looking to tailor strategies to specific markets and capitalize on regional growth potential.
The frequency converter market is divided into three types: AC drives, DC drives and servo drives. AC drives are expected to hold the largest market share (43% in 2021).
The growth of the segment is driven by low cost, smaller size, lighter weight, ease of use and wide availability of AC drives in the market. AC drives are used for part-load operation in hazardous, high-risk industries such as the chemical, oil and gas industries.
It also helps industrial automation by regulating and monitoring spinning equipment, thereby saving 40-45% energy.
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Post time: Dec-14-2023