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Variable Speed Drive Market to Accelerate with Lucrative Growth

North America is dominate the global variable speed drive market during the forecast period. In addition, in 2016, China dominated the market in Asia-Pacific. Similarly, the U.S. is expected to dominate the market in North America, and the UK is projected to lead in the European region during the forecast period.

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Variable Speed Drive Market to Accelerate with Lucrative Growth

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  1. Opportunity Analysis and Industry Forecast, 2016-2023 Variable Speed Drive Market Global Opportunity Analysis and Industry Forecast, 2017-2023

  2. Introduction • The global variable speed drive market is projected to reach at $26,544 million by 2023, growing at a CAGR of 5.6% from 2023 to 2026. • The growth in need for energy efficiency, rise in trend of industrial automation, and reduction in operating costs of any intensive industry fuel the market growth. • Based on application system, pump is projected to dominate the global market, followed by fan in 2023. • At present, North America dominates this market. • The UK is expected to lead the overall market in the European region during the forecast period.

  3. Key Factors of the Market • Increasing industrialization in the emerging market • Increasing demand of energy efficient devices • High cost of variable speed devices • Increasing demand of variable speed drive in the food and beverages industry • Increase in urbanization in emerging countries such as India, China, Brazil, and others drive the market

  4. Variable Speed Market Get PDF Brochure of this Insight @ https://www.alliedmarketresearch.com/request-sample/4546

  5. Key Benefits of the Market • Mining & Minerals is expected to generate the highest revenue in 2016. • In 2016, the AC drive segment accounted for the highest revenue in the variable speed drive market. • Asia-Pacific is anticipated to exhibit a highest CAGR during the forecast period. • China dominated the market in Asia-Pacific. • Similarly, the U.S. is expected to dominate the market in North America, and the UK is projected to lead in the European region during the forecast period.

  6. Market Segmentation • By Type • AC Drive • DC Drive • Servo Drive • By Voltage • Low Voltage • Medium Voltage • By Application • Compressor • Pump • Fans • Others • By End User • Automotive • Electronics • Oil & Gas • Power Generation • Others • By Region • North America • Europe • Asia-Pacific • LAMEA

  7. Key Players of the Market • ABB Ltd. • Siemens AG • Rockwell Automation, Inc. • Yaskawa Electric Corporation • General Electric • Crompton Greaves • WEG • Schneider • Emerson Electric • Danfoss • For Purchase Enquiry, Visit @ https://www.alliedmarketresearch.com/purchase-enquiry/4546

  8. Contact Allied Market Research About Allied Market Research: Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions". AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain. Contact Us: 5933 NE Win Sivers Drive, #205, Portland, OR 97220, United States. Int'l: +1-503-894-6022 Toll Free: +1-800-792-5285 Fax: +1-800-792-5285

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