"We Envision Growth Strategies Most Suited
to Your Business"
The global HVAC variable frequency drive market size is expected to reach USD 3.99 billion by 2027. This is attributable to the presence of stringent government regulations to reduce the greenhouse gases emission levels that is likely to propel the demand for HVAC variable frequency drives across the globe. This information is published by Fortune Business Insights in its latest report, titled, “HVAC Variable Frequency Drive Market Size, Share & Covid-19 Impact Analysis, By Type (AC Drive, DC Drive, and Servo Drive), By Power Range (Micro, Low, Medium and High), By Application (Residential, Commercial, and Industrial), and Regional Forecast, 2020-2027.” The report further observes that the market stood at USD 3.16 billion in 2019 and is projected to exhibit a CAGR of 5.8% between 2020 and 2027.
Rockwell Automation Launches PowerFlex 6000T Medium Voltage Drive to Amplify its Market Position
Rockwell Automation has been one of the pioneers in the global market for HVAC variable frequency drive through its constant focus on innovations. The company, in April 2020, announced the launch of PowerFlex 6000T medium voltage drive that is preconfigured with advanced visual user interface, data translator, and data configurator. Additionally, the drive consists of a 10” color touchscreen equipped with HIM and forensic data recorder functionality that can be used in input power monitoring capabilities for kVA, kW, kVAR, and others. The launch is expected to strengthen its position in the global marketplace.
To get a detailed report summary and research scope of this market, click here:
Imposition of Stringent Government Regulations to Reduce Carbon Emissions to Aid Growth
The European Union (EU) has put forth an Energy Performance of Buildings Directive 2010/31/EU (EPBD) and the Energy Efficiency Directive 2012/27/EU that promotes policies to achieve energy-efficient and decarbonized infrastructure by 2050. The imposition of stringent government regulations to ensure reduction of carbon emissions and prevent degradation of the environment is expected to surge the demand for advanced HVAC variable frequency drives worldwide. Moreover, the increasing consumer awareness regarding the energy efficient HVAC products is anticipated to bode well for the global HVAC VFD market growth in the forthcoming years.
Product Innovation by Major Companies to Brighten Their Market Prospects
The global market is experiencing a healthy competition among the companies that are focusing on maintaining a stronghold by developing advanced HVAC variable frequency systems. Additionally, other key players are adopting strategies such as merger and acquisition, collaboration, and partnership that will contribute to the growth of the market during the forecast period.
List of the Companies Profiled in the Global Market for HVAC Variable Frequency Drive:
Further Report Findings:
Table of Segmentation
Value (USD Billion)
By Type; Power Range; Application; and Region
By Power Range