Recent Adoption Marine VFD Market Report 2028

TMR Research

Marine VFD Market: Overview

Robust growth of the shipbuilding industry is considered to be a prime factor increasing the growth of the global marine VFD market. A marine VFD, also known as an on-board VFD, is a special cable manufactured and designed to use on-board facilities such as ocean steamers, motor drives, and commercial work boats. Siphons used in seagoing vessels surround liquids inside various equipment and frames for cooling, heating and oil, in this way, burning the most extreme energy during their activity. Thus, siphons are introduced along with VFDs to increase energy efficiency, which is likely to affect the development of the marine VFD market.

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The rapid development of the shipbuilding activity combined with the problems raised by the use of energy by ships and their effects on the climate have prompted the development of the world market for marine VFDs. The VFD gives the motor sufficient capacity to overcome the pile and thus save energy by preventing excessive loss of force, although a fixed speed motor is used as a specific measure of energy, regardless of the magnitude. or the size of the heap. Apart from this, VFDs further help to reduce mechanical pressure, agitation levels and extend machine life. With growing environmental concerns, some rigid guidelines have been presented that order less nursery gas outlets and use fuel all the more efficiently. This stimulated the development sought for VFDs in the marine area.

Manufacturers in the global marine VFD market are investing heavily in improving their devices in terms of controlling carbon emissions from ships and vessels. In addition to this, the players are also careful to adhere to the strict rules imposed by the governments of various nations to maintain their meaningful position in the global market. Additionally, manufacturers are trying to find ways to overcome the technological limitations of marine VFDs so that they deliver optimum performance and also reduce the overall cost of maintenance.

Marine VFD Market: Introduction

The marine VFD market has experienced significant growth in recent years. The marine frequency converter market is expected to experience even more developments over the next few years. The major factors contributing to the growing demand in the global marine VFD market are falling energy price and low power consumption. It operates an electric motor and can control the slowdown and rise of the motor during starting or stopping, respectively.

Marine VFD market: notable developments

In April 2018, Invertek Drives launched another range of IP66 frequency converters for outdoor use in Hannover Messe, Germany in 2018. Optidrive E3 IP66 drives are a perfect answer for pumps, external fans, HVAC and marine equipment. The drive range has an o / p power up to 22 kW and is intended to give exact control of the motor and energy reserve funds.
Yaskawa America in February 2019 offered the GA800 variable speed drive. It is present in the 480 VAC 3-stage (1 to 600 HP) and 240 VAC 3-stage (1 to 150 HP) models.
In June 2017, Mitsubishi Electric secured an agreement from Sanssouci Star to supply FR-F800 frequency converters to the HVAC frame of the engine room of its expensive yacht.
GE Marine Solutions, in September 2016, a subsidiary of General Electric Company, partnered with Sembcorp Marine to supply electrical parts for propulsion and power and frame, comprising 8 units of 5.5MW propulsion engines, 12 sets of 8 MW generators, transformers, medium voltage switchboards and MV7000 drives.
ABB offered another perfectly perfect DCS880 drive. The reader provides built-in safety features and is further designed to be IIOT compatible. The drive has many application projects out of the box, for example, a control program dedicated to harbor, industrial, tower and marine bridge cranes.
Some of the most significant competitors operating in the competitive landscape of the global marine VFD market include –

GE (United States)
ABB (Switzerland)
Eaton (Ireland)
Siemens (Germany)
Rockwell Automation (United States)
WEG (Brazil)
CG Power and Industrial Solutions (India)
Danfoss (Denmark)
Mitsubishi Electric (Japan)
Parker Hannifin (United States)
Yaskawa (Japan)

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Market dynamics of marine VFDs

Minimum effort for high and medium HP applications to power the DC drive segment

The report sections the Marine VFD market, by region, DC drive, application, AC drive, and type. The DC drives segment is expected to grow at the most astounding CAGR during the forecast period 2018-2026. The fundamental points of interest of DC drives incorporate magnificent speed control, minimal effort for high and medium power HP applications, and high speed directive. Each of these elements is likely to propel the marine VFD market.

The global marine VFD market, depending on the application, is divided into fan, pump, propulsion / thruster, compressor and hoist and crane. Pumps used in ships deliver liquids inside various systems and machines for heating, cooling and oil, subsequently consuming the most extreme energy in the midst of their task. Now the pumps are introduced with VFDs in order to boost energy efficiency, which is likely to affect the development of the marine VFD market in the years to come.

Solid economic development to strengthen Asia-Pacific as a leading region

Asia-Pacific is estimated to be the largest market in the forecast period. The development of the region can be attributed to strong financial development and stable government approaches to the shipbuilding industry. South Korea, China and Japan are among the fastest developing countries in Asia-Pacific. The maritime business in Japan, over the past decades, has been the largest shipbuilding country with items assembled using cutting edge innovations. In South Korea, the government is trying to integrate FDI in the maritime segment; this move helped the Korean shipbuilding industry to achieve electronic control unit (ECU) innovation. Each of these activities is likely to support the development of the shipbuilding business and therefore the marine VFD market.

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