Dublin, July 24, 2023 (GLOBE NEWSWIRE) — The “Marine Variable Frequency Drive (VFD) – Global Strategic Business Report” report has been added to by ResearchAndMarkets.com offering.
The global market for Marine Variable Frequency Drive (VFD) estimated at US$ 837.3 Million in the year 2022, is expected to reach an adjusted size of US$ 1.5 Billion in 2030, growing at a CAGR of 7.8% during the analysis period 2022-2030.
AC Drive, one of the segments analyzed in the report, is expected to record 7.5% CAGR and reach US$ 898.9 Million by the end of the analysis period.
Considering the ongoing post pandemic recovery, DC Drive segment growth is projected at a revised 8.3% CAGR for the next 8-year period.
The US Market is Estimated at $228.1 Million, While China is Predicted to Grow at 12.9% CAGR
The Marine Variable Frequency Drive (VFD) market in the US is estimated at US$ 228.1 Million by the year 2022. China, the second largest economy in the world, is estimated to reach an estimated market size of US$ 370.5 Million by the year 2030 following a CAGR of 12.9% during the analysis period 2022 to 2030.
Among the other geographically important markets are Japan and Canada, each of which is predicted to grow by 3.8% and 6.1% respectively during the period 2022-2030. Within Europe, Germany is estimated to grow at approximately 5.2% CAGR.
Select Competitors (Total 37 Shown) –
- ABB
- Bearded Marine Group
- CG Power and Industrial Solutions
- Danfoss
- Eaton
- ghee
- Invertek Drives
- Mitsubishi Electric
- Parker Hannifin
- Rockwell Automation
- Siemens
- PLEASE
- Yaskawa
Key Attributes:
| Report Attribute | Details |
| Number of Pages | 93 |
| Prediction Time | 2022 – 2030 |
| Estimated Market Value (USD) in 2022 | $837.3 Million |
| Predicted Market Value (USD) in 2030 | $1500 Million |
| Compound Annual Growth Rate | 7.6% |
| Regions Covered | Whole world |
Main Topics:
I. METHOD
II. EXECUTIVE SUMMARY
1. END OF THE MARKET
- Influencer Market Insights
- World Market Trajectories
- Impact of Covid-19 and Looming Global Recession
- Marine Variable Frequency Drive (VFD) – Global Key Competitors Percentage of Market Share in 2022 (E)
- Competitive Market Presence – Strong / Active / Niche / Trivial for Global Players in 2022 (E)
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
III. MARKET RESEARCH
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/uxdvct
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Global Market for Marine Variable Frequency Drive (VFD)