Spain Variable Frequency Drive Market is expected to grow with the CAGR of 4.4% in the forecast period of 2020 to 2027. The years considered for study are as mentioned below.
Spain variable frequency drive market is a highly consolidated market, which includes number of key players as well as local players. The market has witnessed increased strategic developments owing to favourable market scenario.
The major players dealing in variable frequency drive market are introducing strong range of product portfolio. This helped companies to maximize the sales with enhanced product portfolio. For instance, in August 2019, Rockwell Automation, Inc which is engaged in manufacturing hardware and software products and focused on providing services for industrial automation and information launched the PowerFlex 6000 medium voltage variable frequency drive (VFD). The new PowerFlex 6000 is available in smaller size which reduces the commissioning time. This product launch has helped the company to get competitive advantage in the market.
ABB is the dominating player in variable frequency drive market. The other key players existing in the market includes Siemens, Schneider Electric, Eaton, Emerson Electric Co., Mitsubishi Electric Corporation, LOVATO Electric S.p.A., Rockwell Automation, Inc., Danfoss A/S, and Invertek Drives Ltd among others.
ABB is headquartered in Zurich, Switzerland and was founded in year 1988. The company focuses on electrification products, industrial automation, robotics and motion and power grids segments. The company deals in various business segments such as electrification products, industrial automation, robotics and motion among which electrification products segment is market focused. The company offers wide range of product categories such as advanced services, end of life services, engineering and consulting, extensions, upgrades and retrofits, installation and commissioning, maintenance, replacement, service agreements, spares and consumables, technical support and repairs, training, control systems, drives, electric vehicle charging infrastructure, enterprise software, facts, high voltage products, HVDC, low voltage products and systems, measurement and analytics, medium voltage products and systems, motors and generators, network management, power converters and inverters, power electronics, robotics, substation automation, protection and control, substations and electrification, transformers, turbocharging, ups and power conditioning among which transformers is the market focused category.
The company has wide global presence across North America, South America, Europe, Asia-Pacific and Middle East and Africa with its various subsidiaries such as ABB Australia Pty Limited, Moorebank, NSW (Australia), ABB Industrial Solutions (Belgium) BVBA, Gent (Belgium), ABB Canada Holding Limited Partnership, Saint-Laurent, Quebec (Canada), ABB (China) Ltd., Beijing (China), ABB Automation GmbH, Mannheim (Germany), ABB K.K., Tokyo (Japan) among others.
Schneider Electric is headquartered in Paris, France was founded in 1836. The company focuses on providing energy management and automation solutions in four businesses including low voltage, medium voltage, secure power, and industrial automation. The company performs its business in the various business segments such as energy management (low voltage, medium voltage, secure power), industrial automation. The company offers its product under the following categories such as residential and small business, building automation and control, low voltage products and systems, solar and energy storage, access to energy, medium voltage distribution and grid automation, critical power, cooling and racks, industrial automation and control, software among which industrial automation and control is the market focused category.
The company has wide global presence across North America, South America, Asia-Pacific, Europe and Middle East and Africa and generates revenue from subsidiaries such as Invensys Systems NV/SA (Belgium), ABN Braun GmbH (Germany), Schneider Electric Industrie Italia Spa (Italy), Invensys Operations Management Espana S.L.U. (Spain), Schneider Electric Canada Inc. (Canada) and among others.
Eaton headquartered in Dublin Ireland, was founded in 1911. The company focuses on improving quality of life with environment using power management services and technologies along with sustainable solutions in hydraulic, electrical and mechanical power. The company performs their business in the various segments such as electrical products, electrical systems and services, vehicle, hydraulics, aerospace and emobility. The company offers their product under the following categories such as actuators and motion control, backup power, UPS, surge & IT power distribution, clutches and brakes, conduit, cable and wire management, cylinders, differentials and traction control, ducting solutions, electrical circuit protection , electronic components, emobility and vehicle electrical components, enclosures, engine solutions, filtration solutions, fuel systems emissions and components, furniture, golf grips, hose, tubing, fitting and connectors, hydraulic power units and heat exchangers, industrial control, drives, automation & sensors, lighting and controls, low-voltage power distribution & controls systems, medium-voltage power distribution & control systems, motors & generators, plastics, process safety, automation, test & measurement, pumps, residential, safety, security & emergency communications, server racks, enclosures & airflow management, steering systems, support systems, transmissions, utility & grid solutions, valves, wiring devices & connectivity among which industrial control, drives, automation & sensors is the market focused category.
The company has wide presence across the globe in North America, South America, Europe, Asia-Pacific and Middle East and Africa. In addition to it, the company also generates its revenue from the various subsidiary companies such as crouse hinds (U.S.), souriau (France), Wheelock (Hong Kong), COOPER BUSSMANN (U.S.), Arrow Hart S.A. de C.V. (Mexico) among others.
Spain Variable Frequency Drive Market – Industry Trends and Forecast to 2027