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Market Research Report

Marine VFD Market by Type (AC Drive, DC Drive), Voltage (Low Voltage (Up to 1 kV), Medium Voltage (Above 1 kV)), Application (Pump, Fan, Compressor, Propulsion / Thruster, Crane & Hoist) and Region - Global Forecast to 2024

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Marine VFD Market by Type (AC Drive, DC Drive), Voltage (Low Voltage (Up to 1 kV), Medium Voltage (Above 1 kV)), Application (Pump, Fan, Compressor, Propulsion / Thruster, Crane & Hoist) and Region - Global Forecast to 2024
Published: April 11, 2019 Content info: 104 Pages
Description

"The marine VFD market is projected to grow at a CAGR of 6.13% from 2019 to 2024"

The marine VFD market is projected to grow from an estimated USD 772 million in 2019 to USD 1,039 million by 2024, at a CAGR of 6.13% during the forecast period. The major factors driving the growth of the marine VFD market include reducing energy consumption and energy cost.

"The pump segment, by application, is expected to be the largest market from 2019 to 2024"

The pump segment of the marine VFD market is expected to account for the largest share in 2019, and this trend is expected to continue during the forecast period. Pumps consume maximum energy during their operation, hence, VFDs are installed in order to increase energy efficiency.

"The AC drive segment, by type, is expected to be the largest market from 2019 to 2024"

The AC drive segment is estimated to account for the largest share of 87.2% of the marine VFD market in 2019. This segment is expected to maintain its high market share during the forecast period, as AC drives require less maintenance and are less expensive than DC drives. Moreover, most DC drives are currently being replaced with AC drives, thus contributing to the higher growth rate of the AC drive segment.

"Asia Pacific: The largest marine VFD market"

Asia Pacific is expected to grow at the highest CAGR during the forecast period. It is expected to dominate the market, owing to the presence of a large number of shipbuilding companies in China, Japan, and South Korea. The maritime industry in Japan has a significant influence on the country's economic development. Over the past few decades, Japan has been the largest shipbuilding nation, with products being built using advanced technologies combined with modern facilities. Furthermore, the various supportive government policies for the shipbuilding industry in this region are likely to drive the marine VFD market during the forecast period.

Breakdown of Primaries:

In-depth interviews have been conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants among other experts, to obtain and verify critical qualitative and quantitative information as well as to assess future market prospects.

The distribution of primary interviews is as follows:

  • By Company Type: Tier 1- 60%, Tier 2- 27%, and Tier 3- 13%
  • By Designation: C-Level- 35%, Director Level- 25%, and Others- 40%
  • By Region: Europe- 18, Asia Pacific- 40%, North America- 20%, Middle East & Africa- 16%, and South America- 6%

Note: Others includes sales managers, marketing managers, product managers, and product engineers.

The tier of the companies is defined on the basis of their total revenue as of 2017. Tier 1: USD 1 billion, Tier 2: From USD 1 billion to USD 500 million, and Tier 3: <USD 500 million.

The marine VFD market is dominated by a few major players that have a wide regional presence. ABB (Switzerland), Eaton (Ireland), Siemens (Germany), Danfoss (Denmark), GE (US) Rockwell (US), Yaskawa (Japan), CG Power and Industrial Solutions (India), WEG (Brazil), Mitsubishi Electric (Japan), Parker Hannifin (US), and Invertek Drives (UK).

Research Coverage:

The report defines, describes, and forecasts the marine VFD market, by application, type, voltage, and region. It also offers a detailed qualitative and quantitative analysis of the market. The report provides a comprehensive review of the major market drivers, restraints, opportunities, and challenges. It also covers various important aspects of the market. These include the analysis of the competitive landscape, market dynamics, market estimates, in terms of value, and future trends in the marine VFD market.

Why buy this report?

  • 1. The report identifies and addresses the key markets in the marine VFD market, which would help various stakeholders such as energy utilities, government and research organizations, institutional investors, shareholders, VFD manufacturers, dealers, and suppliers.
  • 2. The report helps system providers understand the pulse of the market and provides insights into drivers, restraints, opportunities, and challenges.
  • 3. The report would help the key players understand the strategies of their competitors and help them in make better strategic decisions.
Table of Contents
Product Code: EP 7008

TABLE OF CONTENTS

1 INTRODUCTION

  • 1.1 OBJECTIVES OF THE STUDY
  • 1.2 DEFINITION
  • 1.3 MARKET SCOPE
    • 1.3.1 MARKET SEGMENTATION
    • 1.3.2 REGIONAL SCOPE
  • 1.4 YEARS CONSIDERED FOR THE STUDY
  • 1.5 CURRENCY
  • 1.6 LIMITATIONS
  • 1.7 STAKEHOLDERS

2 RESEARCH METHODOLOGY

  • 2.1 MARKET SIZE ESTIMATION
    • 2.1.1 IDEAL DEMAND-SIDE ANALYSIS
      • 2.1.1.1 Assumptions
    • 2.1.2 SUPPLY-SIDE ANALYSIS
      • 2.1.2.1 Calculation
    • 2.1.3 FRAME WORK OF MARKET ASSESSMENT
    • 2.1.4 FORECAST
  • 2.2 SOME OF THE INSIGHTS OF INDUSTRY EXPERTS

3 EXECUTIVE SUMMARY

4 PREMIUM INSIGHTS

  • 4.1 ATTRACTIVE OPPORTUNITIES IN THE MARINE VFD MARKET DURING THE FORECAST PERIOD
  • 4.2 MARINE VFD MARKET, BY REGION
  • 4.3 ASIA PACIFIC MARINE VFD MARKET, BY APPLICATION AND COUNTRY
  • 4.4 MARINE VFD MARKET, BY TYPE
  • 4.5 MARINE VFD MARKET, BY VOLTAGE
  • 4.6 MARINE VFD MARKET, BY APPLICATION

5 MARKET OVERVIEW

  • 5.1 INTRODUCTION
  • 5.2 MARKET DYNAMICS
    • 5.2.1 DRIVERS
      • 5.2.1.1 Rise in need for energy efficiency
      • 5.2.1.2 Growth of the shipbuilding industry

    • 5.2.2 RESTRAINTS
      • 5.2.2.1 High troubleshooting cost
    • 5.2.3 OPPORTUNITIES
      • 5.2.3.1 Internet of Things (IoT)
    • 5.2.4 CHALLENGES
      • 5.2.4.1 Gray market providing low-quality and cheap products

6 MARINE VFD MARKET, BY TYPE

  • 6.1 INTRODUCTION
  • 6.2 AC DRIVE
    • 6.2.1 RISE IN THE NEED FOR ENERGY SAVINGS IS EXEPECTED TO DRIVE THE MARKET FOR AC DRIVES
  • 6.3 DC DRIVE
    • 6.3.1 NEED FOR GOOD SPEED REGULATION IS EXPECTED TO DRIVE THE MARKET FOR DC DRIVES

7 MARINE VFD MARKET, BY VOLTAGE

  • 7.1 INTRODUCTION
  • 7.2 LOW VOLTAGE DRIVE (UPTO 1000 V)
    • 7.2.1 INCREASED USE OF LOW VOLTAGE MOTORS IS DRIVING THE MARKET FOR LOW VOLTAGE DRIVES
  • 7.3 MEDIUM VOLTAGE DRIVE (ABOVE 1000 V)
    • 7.3.1 NEED FOR REDUCING OVERALL OPERATING COSTS IS DRIVING THE MARKET FOR MEDIUM VOLTAGE DRIVES

8 MARINE VFD MARKET, BY APPLICATION

  • 8.1 INTRODUCTION
  • 8.2 PUMP
    • 8.2.1 INCREASE IN DEMAND FOR ENERGY EFFICIENCY IS DRIVING THE MARKET FOR VFDS IN THE PUMP SEGMENT
  • 8.3 FAN
    • 8.3.1 NEED FOR PROPER HVAC SYSTEM IN MARINE VESSELS IS DRIVING THE MARKET FOR VFDS IN THE FAN SEGMENT
  • 8.4 COMPRESSOR
    • 8.4.1 NEED FOR REDUCING COMPONENT DEGRADATION IS DRIVING THE MARKET FOR VFDS IN THE COMPRESSORS SEGMENT
  • 8.5 PROPULSION/THRUSTER
    • 8.5.1 NEED FOR REDUCTION IN ENERGY CONSUMPTION IS DRIVING THE MARKET FOR VFDS IN THE PROPULSION/THRUSTER SEGMENT
  • 8.6 CRANE & HOIST
    • 8.6.1 INCREASE IN NEED FOR SPEED ADJUSTMENT AND REDUCTION IN ENERGY WASTAGE IS DRIVING THE MARKET FOR VFDS IN THE CRANE & HOIST SEGMENT

9 MARINE VFD MARKET, BY REGION

  • 9.1 INTRODUCTION
  • 9.2 NORTH AMERICA
    • 9.2.1 BY TYPE
    • 9.2.2 BY VOLTAGE
    • 9.2.3 BY APPPLICATION
    • 9.2.4 BY COUNTRY
      • 9.2.4.1 US
        • 9.2.4.1.1 Growing shipbuilding and cargo industry is expected to drive the marine VFD market in the US
      • 9.2.4.2 Canada
        • 9.2.4.2.1 Rise in demand for exporting marine boats is likely to boost the marine VFD market
      • 9.2.4.3 Mexico
        • 9.2.4.3.1 Increasing demand for offshore support vessels is expected to drive the marine VFD market
  • 9.3 SOUTH AMERICA
    • 9.3.1 BY TYPE
    • 9.3.2 BY VOLTAGE
    • 9.3.3 BY APPPLICATION
    • 9.3.4 BY COUNTRY
      • 9.3.4.1 Brazil
        • 9.3.4.1.1 Brazil has significant offshore oil & gas activity, creating a demand for offshore support vessels and commercial vessels
      • 9.3.4.2 Argentina
        • 9.3.4.2.1 Increase in government spending for growth in the country's shipbuilding industry is likely to drive the market
      • 9.3.4.3 Rest of South America
        • 9.3.4.3.1 Increase in investments for expanding shipbuilding capabilities is driving the market
  • 9.4 MIDDLE EAST & AFRICA
    • 9.4.1 BY TYPE
    • 9.4.2 BY VOLTAGE
    • 9.4.3 BY APPPLICATION
    • 9.4.4 BY COUNTRY
      • 9.4.4.1 Saudi Arabia
        • 9.4.4.1.1 Growth of shipbuilding and shipbreaking and refurbishment industry is expected to drive the market
      • 9.4.4.2 UAE
        • 9.4.4.2.1 Increase in maritime activities owing to oil & gas exports is expected to drive the market

      • 9.4.4.3 Qatar
        • 9.4.4.3.1 Rise in demand for LNG and LPG carriers, as well as tugboats and offshore support vessels, is expected to drive the market
      • 9.4.4.4 South Africa
        • 9.4.4.4.1 Low production is expected to drive the market
      • 9.4.4.5 Rest of Middle East & Africa
        • 9.4.4.5.1 Growing potential for international trade is expected to drive the market
  • 9.5 ASIA PACIFIC
    • 9.5.1 BY TYPE
    • 9.5.2 BY VOLTAGE
    • 9.5.3 BY APPPLICATION
    • 9.5.4 BY COUNTRY
      • 9.5.4.1 China
        • 9.5.4.1.1 Strong economic growth and supportive government policies for the shipbuilding industry is expected to drive the market
      • 9.5.4.2 India
        • 9.5.4.2.1 Economic growth, favorable government policies and incentive framework, a long coastline, and increase in marine freight traffic are expected to drive the market
      • 9.5.4.3 Japan
        • 9.5.4.3.1 Financial support provided by the government for the growth of the marine industry is expected to drive the market
      • 9.5.4.4 South Korea
        • 9.5.4.4.1 Government policies such as tax rebates are expected to drive the market
      • 9.5.4.5 Australia
        • 9.5.4.5.1 Increase in the manufacturing of defense and commercial vessels is expected to drive the market
      • 9.5.4.6 Rest of Asia Pacific
        • 9.5.4.6.1 Increase in demand for commercial vessels is expected to drive the market
  • 9.6 EUROPE
    • 9.6.1 BY TYPE
    • 9.6.2 BY VOLTAGE
    • 9.6.3 BY APPPLICATION
    • 9.6.4 BY COUNTRY
      • 9.6.4.1 Italy
        • 9.6.4.1.1 Italy is the leading country for fishing ships and cruise liners and has the largest ferry fleet in Europe
      • 9.6.4.2 Germany
        • 9.6.4.2.1 Investments for the development of more advanced marine systems is expected to drive the market
      • 9.6.4.3 France
        • 9.6.4.3.1 Increase in the manufacturing of defense vessels is expected to drive the market
      • 9.6.4.4 Netherlands
        • 9.6.4.4.1 Netherlands has Europe's largest inland shipping fleet with the world's leading manufacturing of high-end yachts and special vessels
      • 9.6.4.5 UK
        • 9.6.4.5.1 Increase in shipbuilding activities is expected to drive the market
      • 9.6.4.6 Russia
        • 9.6.4.6.1 Government policies and funding is expected to drive the market
      • 9.6.4.7 Rest of Europe
        • 9.6.4.7.1 Denmark, Spain, Finland, Norway, Greece, Poland, Portugal, and Turkey are expected to drive the market

10 COMPETITIVE LANDSCAPE

  • 10.1 INTRODUCTION
  • 10.2 MARKET SHARE ANALYSIS
  • 10.3 COMPETITIVE SCENARIO
    • 10.3.1 NEW PRODUCT LAUNCHES
    • 10.3.2 CONTRACTS & AGREEMENTS
    • 10.3.3 MERGERS & ACQUISITIONS
    • 10.3.4 INVESTMENTS & EXPANSIONS
    • 10.3.5 PARTNERSHIPS
  • 10.4 COMPETITIVE LEADERSHIP MAPPING
    • 10.4.1 VISIONARY LEADERS
    • 10.4.2 INNOVATORS
    • 10.4.3 DYNAMIC
    • 10.4.4 EMERGING

11 COMPANY PROFILING

(Business overview, Products offered, Recent Developments)*

  • 11.1 ABB
  • 11.2 ROCKWELL AUTOMATION
  • 11.3 DANFOSS
  • 11.4 SIEMENS
  • 11.5 CG POWER AND INDUSTRIAL SOLUTIONS
  • 11.6 MITSUBISHI ELECTRIC
  • 11.7 WEG
  • 11.8 INVERTEK DRIVES
  • 11.9 EATON
  • 11.10 GE
  • 11.11 YASKAWA
  • 11.12 PARKER HANNIFIN

Details on Business overview, Products offered, Recent Developments might not be captured in case of unlisted companies.

12 APPENDIX

  • 12.1 INSIGHTS OF INDUSTRY EXPERTS
  • 12.2 DISCUSSION GUIDE
  • 12.3 KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
  • 12.4 AVAILABLE CUSTOMIZATIONS
  • 12.5 RELATED REPORTS
  • 12.6 AUTHOR DETAILS

LIST OF TABLES

  • TABLE 1: SHIPBUILDING DATA IS THE DETERMINING FACTOR FOR THE GLOBAL MARINE VFD MARKET
  • TABLE 2: MARINE VFD MARKET SNAPSHOT
  • TABLE 3: MARINE VFD MARKET SIZE, BY TYPE, 2017-2024 (UNITS)
  • TABLE 4: MARINE VFD MARKET SIZE, BY TYPE, 2017-2024 (USD MILLION)
  • TABLE 5: AC DRIVE: MARINE VFD MARKET SIZE, BY REGION, 2017-2024 (USD MILLION)
  • TABLE 6: DC DRIVE: MARINE VFD MARKET SIZE, BY REGION, 2017-2024 (USD MILLION)
  • TABLE 7: MARINE VFD MARKET SIZE, BY VOLTAGE, 2017-2024 (UNITS)
  • TABLE 8: MARINE VFD MARKET SIZE, BY VOLTAGE, 2017-2024 (USD MILLION)
  • TABLE 9: LOW VOLTAGE DRIVE: MARINE VFD MARKET SIZE, BY REGION, 2017-2024 (USD MILLION)
  • TABLE 10: MEDIUM VOLTAGE DRIVE: MARINE VFD MARKET SIZE, BY REGION, 2017-2024 (USD MILLION)
  • TABLE 11: MARINE VFD MARKET SIZE, BY APPLICATION, 2017-2024 (UNITS)
  • TABLE 12: MARINE VFD MARKET SIZE, BY APPLICATION, 2017-2024 (USD MILLION)
  • TABLE 13: PUMP: MARINE VFD MARKET SIZE, BY REGION, 2017-2024 (USD MILLION)
  • TABLE 14: FAN: MARINE VFD MARKET SIZE, BY REGION, 2017-2024 (USD MILLION)
  • TABLE 15: COMPRESSOR: MARINE VFD MARKET SIZE, BY REGION, 2017-2024 (USD MILLION)
  • TABLE 16: PROPULSION/THRUSTER: MARINE VFD MARKET SIZE, BY REGION, 2017-2024 (USD MILLION)
  • TABLE 17: CRANE & HOIST: MARINE VFD MARKET SIZE, BY REGION, 2017-2024 (USD MILLION)
  • TABLE 18: MARINE VFD MARKET SIZE, BY REGION, 2017-2024 (USD MILLION)
  • TABLE 19: NORTH AMERICA: MARINE VFD MARKET SIZE, BY TYPE, 2017-2024 (USD MILLION)
  • TABLE 20: NORTH AMERICA: MARINE VFD MARKET SIZE, BY VOLTAGE, 2017-2024 (USD MILLION)
  • TABLE 21: NORTH AMERICA: MARINE VFD MARKET SIZE, BY APPLICATION, 2017-2024 (USD MILLION)
  • TABLE 22: NORTH AMERICA: MARINE VFD MARKET SIZE, BY COUNTRY, 2017-2024 (USD MILLION)
  • TABLE 23: US: MARINE VFD MARKET SIZE, BY VOLTAGE, 2017-2024 (USD MILLION)
  • TABLE 24: CANADA: MARINE VFD MARKET SIZE, BY VOLTAGE, 2017-2024 (USD MILLION)
  • TABLE 25: MEXICO: MARINE VFD MARKET SIZE, BY VOLTAGE, 2017-2024 (USD MILLION)
  • TABLE 26: SOUTH AMERICA: MARINE VFD MARKET SIZE, BY TYPE, 2017-2024 (USD MILLION)
  • TABLE 27: SOUTH AMERICA: MARINE VFD MARKET SIZE, BY VOLTAGE, 2017-2024 (USD MILLION)
  • TABLE 28: SOUTH AMERICA: MARINE VFD MARKET SIZE, BY APPLICATION, 2017-2024 (USD MILLION)
  • TABLE 29: SOUTH AMERICA: MARINE VFD MARKET SIZE, BY COUNTRY, 2017-2024 (USD MILLION)
  • TABLE 30: BRAZIL: MARINE VFD MARKET SIZE, BY VOLTAGE, 2017-2024 (USD MILLION)
  • TABLE 31: ARGENTINA: MARINE VFD MARKET SIZE, BY VOLTAGE, 2017-2024 (USD MILLION)
  • TABLE 32: REST OF SOUTH AMERICA: MARINE VFD MARKET SIZE, BY VOLTAGE, 2017-2024 (USD MILLION)
  • TABLE 33: MIDDLE EAST & AFRICA: MARINE VFD MARKET SIZE, BY TYPE, 2017-2024 (USD MILLION)
  • TABLE 34: MIDDLE EAST & AFRICA: MARINE VFD MARKET SIZE, BY VOLTAGE, 2017-2024 (USD MILLION)
  • TABLE 35: MIDDLE EAST & AFRICA: MARINE VFD MARKET SIZE, BY APPLICATION, 2017-2024 (USD MILLION)
  • TABLE 36: MIDDLE EAST & AFRICA: MARINE VFD MARKET SIZE, BY COUNTRY, 2017-2024 (USD MILLION)
  • TABLE 37: SAUDI ARABIA: MARINE VFD MARKET SIZE, BY VOLTAGE, 2017-2024 (USD MILLION)
  • TABLE 38: UAE: MARINE VFD MARKET SIZE, BY VOLTAGE, 2017-2024 (USD MILLION)
  • TABLE 39: QATAR: MARINE VFD MARKET SIZE, BY VOLTAGE, 2017-2024 (USD MILLION)
  • TABLE 40: SOUTH AFRICA: MARINE VFD MARKET SIZE, BY VOLTAGE, 2017-2024 (USD MILLION)
  • TABLE 41: REST OF MIDDLE EAST & AFRICA: MARINE VFD MARKET SIZE, BY VOLTAGE, 2017-2024 (USD MILLION)
  • TABLE 42: ASIA PACIFIC: MARINE VFD MARKET SIZE, BY TYPE, 2017-2024 (USD MILLION)
  • TABLE 43: ASIA PACIFIC: MARINE VFD MARKET SIZE, BY VOLTAGE, 2017-2024 (USD MILLION)
  • TABLE 44: ASIA PACIFIC: MARINE VFD MARKET SIZE, BY APPLICATION, 2017-2024 (USD MILLION)
  • TABLE 45: ASIA PACIFIC: MARINE VFD MARKET SIZE, BY COUNTRY, 2017-2024 (USD MILLION)
  • TABLE 46: CHINA: MARINE VFD MARKET SIZE, BY VOLTAGE, 2017-2024 (USD MILLION)
  • TABLE 47: INDIA: MARINE VFD MARKET SIZE, BY VOLTAGE, 2017-2024 (USD MILLION)
  • TABLE 48: JAPAN: MARINE VFD MARKET SIZE, BY VOLTAGE, 2017-2024 (USD MILLION)
  • TABLE 49: SOUTH KOREA: MARINE VFD MARKET SIZE, BY VOLTAGE, 2017-2024 (USD MILLION)
  • TABLE 50: AUSTRALIA: MARINE VFD MARKET SIZE, BY VOLTAGE, 2017-2024 (USD MILLION)
  • TABLE 51: REST OF ASIA PACIFIC: MARINE VFD MARKET SIZE, BY VOLTAGE, 2017-2024 (USD MILLION)
  • TABLE 52: EUROPE: MARINE VFD MARKET SIZE, BY TYPE, 2017-2024 (USD MILLION)
  • TABLE 53: EUROPE: MARINE VFD MARKET SIZE, BY VOLTAGE, 2017-2024 (USD MILLION)
  • TABLE 54: EUROPE: MARINE VFD MARKET SIZE, BY APPLICATION, 2017-2024 (USD MILLION)
  • TABLE 55: EUROPE: MARINE VFD MARKET SIZE, BY COUNTRY, 2017-2024 (USD MILLION)
  • TABLE 56: ITALY: MARINE VFD MARKET SIZE, BY VOLTAGE, 2017-2024 (USD MILLION)
  • TABLE 57: GERMANY: MARINE VFD MARKET SIZE, BY VOLTAGE, 2017-2024 (USD MILLION)
  • TABLE 58: FRANCE: MARINE VFD MARKET SIZE, BY VOLTAGE, 2017-2024 (USD MILLION)
  • TABLE 59: NETHERLANDS: MARINE VFD MARKET SIZE, BY VOLTAGE, 2017-2024 (USD MILLION)
  • TABLE 60: UK: MARINE VFD MARKET SIZE, BY VOLTAGE, 2017-2024 (USD MILLION)
  • TABLE 61: RUSSIA: MARINE VFD MARKET SIZE, BY VOLTAGE, 2017-2024 (USD MILLION)
  • TABLE 62: REST OF EUROPE: MARINE VFD MARKET SIZE, BY VOLTAGE, 2017-2024 (USD MILLION)
  • TABLE 63: DEVELOPMENTS BY KEY PLAYERS IN THE MARKET, 2015-FEBRUARY 2019

LIST OF FIGURES

  • FIGURE 1: MARINE VFD MARKET 2017
  • FIGURE 2: ASIA PACIFIC DOMINATED THE MARINE VFD MARKET IN 2018
  • FIGURE 3: AC DRIVE SEGMENT IS EXPECTED TO LEAD THE MARINE VFD MARKET DURING THE FORECAST PERIOD
  • FIGURE 4: LOW VOLATGE SEGMENT IS EXPECTED TO LEAD THE MARINE VFD MARKET DURING THE FORECAST PERIOD
  • FIGURE 5: PUMP SEGMENT IS EXPECTED TO LEAD THE MARINE VFD MARKET DURING THE FORECAST PERIOD
  • FIGURE 6: RISE IN THE NEED FOR ENERGY EFFICIENCY IS EXPECTED TO DRIVE THE MARINE VFD MARKET, 2019-2024
  • FIGURE 7: ASIA PACIFIC MARINE VFD MARKET IS EXPECTED TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD
  • FIGURE 8: PUMP SEGMENT AND CHINA DOMINATED THE ASIA PACIFIC MARINE VFD MARKET
  • FIGURE 9: AC DRIVE SEGMENT IS EXPECTED TO DOMINATE THE MARINE VFD MARKET, BY TYPE, DURING THE FORECAST PERIOD
  • FIGURE 10: LOW VOLTAGE SEGMENT IS EXPECTED TO DOMINATE THE MARINE VFD MARKET, BY VOLTAGE, DURING THE FORECAST PERIOD
  • FIGURE 11: PUMP SEGMENT IS EXPECTED TO DOMINATE THE MARINE VFD MARKET, BY APPLICATION, DURING THE FORECAST PERIOD
  • FIGURE 12: DRIVERS, RESTRAINTS, OPPORTUNITES, AND CHALLENGES
  • FIGURE 13: TOTAL NUMBER OF FLEETS, 2011-2018
  • FIGURE 14: AC DRIVE SEGMENT LED THE MARINE VFD MARKET, BY TYPE, IN 2018
  • FIGURE 15: LOW VOLTAGE SEGMENT ACCOUNTED FOR A LARGER MARKET SHARE IN 2018
  • FIGURE 16: PUMP SEGMENT LED THE MARINE VFD MARKET, BY APPLICATION, IN 2018
  • FIGURE 17: REGIONAL SNAPSHOT: THE ASIA PACIFIC MARKET IS EXPECTED TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD
  • FIGURE 18: MARINE VFD MARKET SHARE (VALUE), BY REGION, 2018
  • FIGURE 19: ASIA PACIFIC: REGIONAL SNAPSHOT
  • FIGURE 20: EUROPE: REGIONAL SNAPSHOT
  • FIGURE 21: KEY DEVELOPMENTS IN MARINE VFD MARKET, DURING JANUARY 2015-FEBRUARY 2019
  • FIGURE 22: MARKET SHARE ANALYSIS, 2017
  • FIGURE 23: MARINE VFD MARKET COMPETITIVE LEADERSHIP MAPPING, 2017
  • FIGURE 24: ABB: COMPANY SNAPSHOT
  • FIGURE 25: ROCKWELL AUTOMATION: COMPANY SNAPSHOT
  • FIGURE 26: DANFOSS: COMPANY SNAPSHOT
  • FIGURE 27: SIEMENS: COMPANY SNAPSHOT
  • FIGURE 28: CG POWER AND INDUSTRIAL SOLUTIONS: COMPANY SNAPSHOT
  • FIGURE 29: MITSUBISHI ELECTRIC: COMPANY SNAPSHOT
  • FIGURE 30: WEG: COMPANY SNAPSHOT
  • FIGURE 31: EATON: COMPANY SNAPSHOT
  • FIGURE 32: GE: COMPANY SNAPSHOT
  • FIGURE 33: YASKAWA: COMPANY SNAPSHOT
  • FIGURE 34: PARKER HANNIFIN: COMPANY SNAPSHOT
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