Global Variable Frequency Drives (VFD) Market Capitalizing on the Energy-saving Advantages of VFD

The global variable frequency drives (VFD) market is experiencing good growth. This is due to the fact that several industries are increasingly installing variable frequency drives, as they help cut down on energy costs. According to a market research firm, Transparency Market Research, the global variable frequency drives (VFD) market, driven by the energy-efficiency of VFD, will expand at a healthy CAGR of 7.0% during the forecast period of 2014 to 2020. In 2013, the global variable frequency drives (VFD) market was worth US$15,489.0 million and by the end of 2020, the market is expected to be worth US$24,703.4 million.

The Critical Role of VFD in Energy Efficiency

Variable frequency drives (VFD) are capable of varying the motor’s output speed without needing any mechanical pulleys. This helps reduce the number of mechanical components used in this process and also the device’s need for maintenance. However, the biggest advantage of variable frequency drives is that they help save money by their inherent benefit of saving energy, as they consume the same amount of electrical energy as regular drives but generate more power.

Browse Market Research Report of Variable Frequency Drives Market:  
http://www.transparencymarketresearch.com/variable-frequency-drives-market.html

This benefit of variable frequency drives is primarily propelling the global variable frequency drives (VFD) market. As a result, the application of VFD has grown by a great extent in the past few years in several industries. This increasing adoption of VFD in industries is expected to grow in the coming few years as well.

VFDs Help save Valuable Operational Costs for Industries

On the basis of application, the global variable frequency drives (VFD) market is segmented into power generation, automotive, oil and gas, infrastructure development, chemical processing, manufacturing, and others. Economics is one of the most important parameters when it comes to selecting industrial equipment. Currently, the energy-saving factor of variable frequency drives is helping several industries save on annual operational costs.

In Feb 2015, application of a variable frequency drive for pumps at an Oregon irrigation district allowed to save money and water. Another project worth US$2.3 million, geared towards conserving energy in a physics/astronomy building at the University of Washington, was able to reduce the building’s energy consumption substantially by installing 121 air volume terminal boxes and 11 new high-efficiency VFDs.

VFDs Empowering Industries by Saving Power

Variable frequency drives are used to manage various types of loads in industries.

•    Variable Torque Load: To manage this load, VFDs are used in HVAC systems, centrifugal fans, blowers, and centrifugal pumps. By using VFDs in such equipment, lower speed operation saves significant energy, as the power to motor decreases in proportion to the cube of the speed.
•    Constant Torque Load: To manage this load, VFDs are used in conveyors, mixers, compressors, and printing presses. This application of variable frequency drives helps lower speed operation and optimize energy in direct proportion to the speed reduction.
•    Constant Horsepower Load: To manage this load, variable frequency drives are installed in machine tools, punch presses, lathes, and milling machines. In such applications, no energy savings are achieved at reduced speed, but energy savings are achieved by optimized cutting and machining speeds.

Browse Press Release of Variable Frequency Drives Market:
http://www.transparencymarketresearch.com/pressrelease/variable-frequency-drives-market.htm

The application of variable frequency drives in industries is growing at a rising speed. This trend demonstrates that the growth prospects of the global variable frequency drives market are bright.

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