Dublin, July 24, 2023 (GLOBE NEWSWIRE) -- The "Marine Variable Frequency Drive (VFD) - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Marine Variable Frequency Drive (VFD) estimated at US$837.3 Million in the year 2022, is projected to reach a revised size of US$1.5 Billion by 2030, growing at a CAGR of 7.8% over the analysis period 2022-2030.
AC Drive, one of the segments analyzed in the report, is projected to record 7.5% CAGR and reach US$898.9 Million by the end of the analysis period.
Taking into account the ongoing post pandemic recovery, growth in the DC Drive segment is readjusted to a revised 8.3% CAGR for the next 8-year period.
The U.S. Market is Estimated at $228.1 Million, While China is Forecast to Grow at 12.9% CAGR
The Marine Variable Frequency Drive (VFD) market in the U.S. is estimated at US$228.1 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$370.5 Million by the year 2030 trailing a CAGR of 12.9% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.8% and 6.1% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 5.2% CAGR.
Select Competitors (Total 37 Featured) -
- ABB
- Beard Marine Group
- CG Power and IndUStrial Solutions
- Danfoss
- Eaton
- GE
- Invertek Drives
- Mitsubishi Electric
- Parker Hannifin
- Rockwell Automation
- Siemens
- WEG
- Yaskawa
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 93 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $837.3 Million |
| Forecasted Market Value (USD) by 2030 | $1500 Million |
| Compound Annual Growth Rate | 7.6% |
| Regions Covered | Global |
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Impact of Covid-19 and a Looming Global Recession
- Marine Variable Frequency Drive (VFD) - Global Key Competitors Percentage Market Share in 2022 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/uxdvct
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