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Growth of Marine VFD Market to be Impacted by the Advent of Remote Monitoring in VFD | Technavio

Growth of Marine VFD Market to be Impacted by the Advent of Remote Monitoring in VFD | Technavio

LONDON--(BUSINESS WIRE)--Oct 1, 2019--

The report, marine VFD market 2019-2023, has been added to Technavio's catalog. It provides a comprehensive analysis of the market, including its global and regional market share as well as market segmentation based on type and geography for the forecast period 2019-2023.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20191001005780/en/

Technavio has announced its latest market research report titled global marine VFD market 2019-2023 (Graphic: Business Wire)

To learn more about the global trends impacting the future of market research: Download Free Sample Report

The report on the marine VFD market includes:

Marine VFD market analysis and forecast 2019-2023: Features

  • Competitive landscape
  • Market segmentation
    • Type
    • Geography
  • Market drivers
  • Market trends
  • Market challenges
  • Five forces analysis
  • Market landscape
  • Market sizing & forecast

Marine VFD Market 2019-2023: Competitive landscape

  • Vendors covered
  • Vendor classification
  • ABB Ltd.
  • CG Power and Industrial Solutions Ltd.
  • Danfoss AS
  • Eaton Corp. Plc
  • General Electric Co.
  • Hitachi Ltd.
  • Invertek Drives Ltd.
  • Mitsubishi Heavy Industries Ltd.
  • Rockwell Automation Inc.
  • Siemens AG

Marine VFD Market Landscape 2019-2023: Geographic landscape

  • APAC - Market size and forecast 2018-2023
  • Europe - Market size and forecast 2018-2023
  • North America - Market size and forecast 2018-2023
  • MEA - Market size and forecast 2018-2023
  • South America - Market size and forecast 2018-2023
  • Key leading countries

     

Marine VFD Market Landscape 2019-2023: Type

  • AC Drive - Market size and forecast 2018-2023
  • DC Drive - Market size and forecast 2018-2023

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Growing demand for superior performance in marine operations will drive the marine VFD market

Marine VFDs enable precise, reliable, and efficient control of various marine engine components and motors in a wide variety of applications. For instance, they provide incomparable results in terms of performance by enabling engine operations across a wide range of speeds, along with maintaining full load capability for marine devices and components.

The advent of remote monitoring in VFD – An emerging trend in the marine VFD market

Remote monitoring of marine VFDs plays a crucial role in identifying deteriorating conditions within the VFD, which can potentially cause a shutdown and result in losses for end-users. It also allows end-users to remotely troubleshoot any minor failure in marine VFDs, which enables them to reduce unplanned downtime and increase efficiency.

Other Key Topics Covered in the Report are:

MARKET LANDSCAPE

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

     

MARKET SIZING

  • Market definition
  • Market sizing 2018
  • Market size and forecast 2018-2023

     

Get Full Report: https://www.technavio.com/report/marine-vfd-market-industry-analysis

CUSTOMER LANDSCAPE

DECISION FRAMEWORK

DRIVERS AND CHALLENGES

  • Market drivers
  • Market challenges

MARKET TRENDS

  • Digitalization of shipbuilding industry
  • Increasing hybrid and electric propulsion in marine operations
  • Advent of remote monitoring in VFD

Technavio also offers Custom Research services providing focused, comprehensive, and tailored research.

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Browse Related Industrial s Reports:

  • Global Marine Engine Monitoring System Market 2019-2023: The global marine engine monitoring system market is forecasted to grow at a CAGR of over 3% during the period 2019-2023. The marine engine monitoring system market size will increase by USD 98.52 million during the forecast period of 2019-2023.
  • Global Submarine Combat System Market 2019-2023: The global submarine combat system market is forecasted to grow at a CAGR of over 5% during the period 2019-2023. The marine engine monitoring system market size will increase by USD 2 billion during the forecast period of 2019-2023.

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

View source version on businesswire.com:https://www.businesswire.com/news/home/20191001005780/en/

CONTACT: Technavio Research

Jesse Maida

Media & Marketing Executive

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UK: +44 203 893 3200

Email :media@technavio.com.

Website:https://www.technavio.com/

KEYWORD:

INDUSTRY KEYWORD: TECHNOLOGY OTHER TECHNOLOGY MANUFACTURING OTHER MANUFACTURING HARDWARE

SOURCE: Technavio Research

Copyright Business Wire 2019.

PUB: 10/01/2019 11:00 AM/DISC: 10/01/2019 11:01 AM

http://www.businesswire.com/news/home/20191001005780/en