Marine VFD Market Likely to Boost Future Growth by 2026 | MarketsandMarkets Blog - 0 views
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Almira Coyne on 28 Apr 22According to the new market research report "Marine VFD Market by Type (Ac Drive, DC Drive), Voltage (Low Voltage, Medium Voltage), Application (Pump, Fan, Compressor, Propeller (With Shaft Generator, Without Shaft Generator), Crane & Hoist), and Region - Global Forecast to 2026 " size will grow to USD 1,075 million by 2026 (forecast year) from USD 804 million in 2021 (estimated year), at a CAGR of 6.0% during the forecast period. A marine VFD is a motor controller electronic device. It drives an electric motor by varying the frequency and voltage supplied to the motor According to the demand. It is also referred to as variable speed drive, adjustable speed drive, adjustable frequency drive, Ac drive, Microdrive, and inverter. Marine VFD has been categorized into by type, by voltage, and by application. They can be installed in various systems on ships which have motor like cranes, compressor, fan, pumps, etc. Marine VFD is playing a crucial role to Achieve more efficiency from systems and reducing fuel consumption in ships.