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

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.

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

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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

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Browse Related Industrials 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.

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