Report Description

Global variable frequency drive market is growing at a CAGR of over 4% during 2023-2027 due to growing infrastructure sector, growing use of VFD in industrial activities, increasing need for energy efficiency and increasing urbanization.

Global variable frequency drive market has been segmented based on type, end user, power range, voltage, application and region. Based on type, the market has been categorised into alternating current, direct current and servo variable frequency drives. The AC segment is projected to grow at the fastest rate during the forecast period due to increasing demand as they require less maintenance and are more efficient. Regionally, the APAC region is the largest market for VFD, followed by Europe & CIS due to growing urbanization and industrialization.

Some of the leading players in the global variable frequency drive market are ABB Ltd., Rockwell Automation, Siemens AG, Schneider Electric Se, General Electric, Hitachi, Mitsubishi Heavy Industries Ltd., Crompton Greaves, Weg SA, Fuji Electric Co., Toshiba etc.

Objective of the Study:

  • To analyse and forecast the market size of Variable Frequency Drive Market, in terms of value.
  • To classify and forecast Global Variable Frequency Drive Market based on type, end-user, power range, voltage, application and regional distribution.
  • To identify drivers and challenges for Global Variable Frequency Drive Market.
  • To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in Global Variable Frequency Drive Market.
  • To conduct the pricing analysis for Variable Frequency Drive Market.
  • To identify and analyse the profile of leading players involved in the manufacturing of Global Variable Frequency Drive Market.


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TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of Variable Frequency Drive manufacturers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the suppliers which could not be identified due to the limitations of secondary research. TechSci Research analysed the service offerings, distribution channels and presence of all major collaboration manufacturer across the globe.

TechSci Research calculated the market size of Global Variable Frequency Drive Market using a bottom-up approach, where data for various end user industries and its application across various product types were recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analysing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company website, news articles, press releases, company annual reports, investor presentations and financial reports were also used by TechSci Research.

Key Target Audience:

  • Variable Frequency Drive Manufacturers
  • Distributors, and Suppliers
  • Builders and contractors
  • Power distribution utilities
  • Industry associations and experts
  • Research organizations and consulting companies.
  • Research Institutes
  • Industry associations
  • Market research and consulting firm.

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as collaboration manufacturer and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Attribute

Details

Base Year

2021

Historical Data

2017 – 2020

Estimated Year

2022

Forecast Period

2023 – 2027

Quantitative Units

Revenue in USD Million and CAGR for 2017-2021 and 2022E-2027F

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments covered

  • Type
  • End User
  • Power Range
  • Voltage
  • Application

Regional scope

North America; Europe; Asia Pacific; South America; Middle East & Africa

Country scope

United States, Mexico, Canada, China, India, Japan, South Korea, Australia; Singapore; Malaysia; Germany, France, United Kingdom, Spain, Italy; South Africa, UAE, Saudi Arabia; Qatar; Brazil, Argentina, Colombia;

Key companies profiled

ABB Ltd., Rockwell Automation, Siemens AG, Schneider Electric Se, General Electric, Hitachi, Mitsubishi Heavy Industries Ltd., Crompton Greaves, Weg SA, Fuji Electric Co., Toshiba.

Customization scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Report Scope:

In this report, Global Variable Frequency Drive Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  • Global Variable Frequency Drive Market, By Type:
    • Alternating Current
    • Direct Current
    • Servo Variable Frequency Drives
  • Global Variable Frequency Drive Market, By End User:
    • Oil & Gas
    • Industrial
    • Power Generation
    • Infrastructure
  • Global Variable Frequency Drive Market, By Power Range:
    • Micro Power Drives
    • Low Power Drives
    • Medium Power Drives
    • High-Power Drives
  •  Global Variable Frequency Drive Market, By Voltage:
    • Low Voltage Variable Frequency Drives
    • Medium Voltage Variable Frequency Drives
  • Global Variable Frequency Drive Market, By Application:
    • Pumps
    • Extruders
    • Conveyors
    • Compressors
    • Others
  • Global Variable Frequency Drive Market, by Region:
    • Asia Pacific
      • China
      • India 
      • Japan
      • South Korea
      • Australia
      • Singapore
      • Malaysia
    • Europe & CIS
      • France
      • Germany
      • United Kingdom
      • Italy
      • Spain
    • North America
      • United States
      • Mexico
      • Canada
    • South America
      • Brazil
      • Argentina
      • Colombia
    • Middle East and Africa
      • South Africa
      • Saudi Arabia
      • UAE
      • Qatar

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Variable Frequency Drive Market.

Available Customizations:

With the given market data, TechSci Research offers customizations according the company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Profit Margin Analysis

  • Profit margin analysis in case of direct and indirect sales channel.

It is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected] 

Table of content

1.    Product Overview

2.    Research Methodology

3.    Impact of CoVID-19 on Variable Frequency Drive Market

4.    Executive Summary

5.    Voice of Customer

5.1.  Product Awareness

5.2.  Brand Recall

5.3.  Product Pricing

5.4.  Challenges & Unmet Needs

6.    Global Variable Frequency Drive Market Overview 

7.    Global Variable Frequency Drive Market Outlook

7.1.  Market Size & Forecast

7.1.1.     By Value

7.2.  Market Share & Forecast

7.2.1.     By Type (Alternating Current (AC), Direct Current and Servo Variable Frequency Drives)

7.2.2.     By End-User (Oil & Gas, Industrial, Power Generation and Infrastructure)

7.2.3.     By Power Range (Micro Power Drives, Low Power Drives, Medium Power Drives and High-Power Drives)

7.2.4.     By Voltage (Low Voltage Variable Frequency Drives and Medium Voltage Variable Frequency Drives)

7.2.5.     By Application (Pumps, Extruders, Conveyors, Compressors and Others)

7.2.6.     By Region

7.3.  Market Attractiveness Index

8.    Asia-Pacific Variable Frequency Drive Market Outlook

8.1.  Market Size & Forecast

8.1.1.     By Value

8.2.  Market Share & Forecast

8.2.1.     By Type

8.2.2.     By Power Range

8.2.3.     By Application

8.2.4.     By Country

8.3.  Market Attractiveness Index

8.4.  Asia-Pacific: Country Analysis

8.4.1.     China Variable Frequency Drive Market Outlook

8.4.1.1.         Market Size & Forecast

8.4.1.1.1.             By Value

8.4.1.2.         Market Share & Forecast

8.4.1.2.1.             By Type

8.4.1.2.2.             By End-Users

8.4.1.3.         Market Attractiveness Index

8.4.2.     India Variable Frequency Drive Market Outlook

8.4.2.1.         Market Size & Forecast

8.4.2.1.1.             By Value

8.4.2.2.         Market Share & Forecast

8.4.2.2.1.             By Type

8.4.2.2.2.             By End-Users

8.4.2.3.         Market Attractiveness Index

8.4.3.     Japan Variable Frequency Drive Market Outlook

8.4.3.1.         Market Size & Forecast

8.4.3.1.1.             By Value

8.4.3.2.         Market Share & Forecast

8.4.3.2.1.             By Type

8.4.3.2.2.             By End-Users

8.4.3.3.         Market Attractiveness Index

8.4.4.     South Korea Variable Frequency Drive Market Outlook

8.4.4.1.         Market Size & Forecast

8.4.4.1.1.             By Value

8.4.4.2.         Market Share & Forecast

8.4.4.2.1.             By Type

8.4.4.2.2.             By End-Users

8.4.4.3.         Market Attractiveness Index

8.4.5.     Australia Variable Frequency Drive Market Outlook

8.4.5.1.         Market Size & Forecast

8.4.5.1.1.             By Value

8.4.5.2.         Market Share & Forecast

8.4.5.2.1.             By Type

8.4.5.2.2.             By End-Users

8.4.5.3.         Market Attractiveness Index

8.4.6.     Singapore Variable Frequency Drive Market Outlook

8.4.6.1.         Market Size & Forecast

8.4.6.1.1.             By Value

8.4.6.2.         Market Share & Forecast

8.4.6.2.1.             By Type

8.4.6.2.2.             By End-Users

8.4.6.3.         Market Attractiveness Index

8.4.7.     Malaysia Variable Frequency Drive Market Outlook

8.4.7.1.         Market Size & Forecast

8.4.7.1.1.             By Value

8.4.7.2.         Market Share & Forecast

8.4.7.2.1.             By Type

8.4.7.2.2.             By End-Users

8.4.7.3.         Market Attractiveness Index

9.    Europe & CIS Variable Frequency Drive Market Outlook

9.1.  Market Size & Forecast

9.1.1.     By Value

9.2.  Market Share & Forecast

9.2.1.     By Type

9.2.2.     By Power Range

9.2.3.     By Application

9.2.4.     By Country

9.3.  Market Attractiveness Index

9.4.  Europe: Country Analysis

9.4.1.     France Variable Frequency Drive Market Outlook

9.4.1.1.         Market Size & Forecast

9.4.1.1.1.             By Value

9.4.1.2.         Market Share & Forecast

9.4.1.2.1.             By Type

9.4.1.2.2.             By End-Users

9.4.1.3.         Market Attractiveness Index

9.4.2.     Germany Variable Frequency Drive Market Outlook

9.4.2.1.         Market Size & Forecast

9.4.2.1.1.             By Value

9.4.2.2.         Market Share & Forecast

9.4.2.2.1.             By Type

9.4.2.2.2.             By End-Users

9.4.2.3.         Market Attractiveness Index

9.4.3.     United Kingdom Variable Frequency Drive Market Outlook

9.4.3.1.         Market Size & Forecast

9.4.3.1.1.             By Value

9.4.3.2.         Market Share & Forecast

9.4.3.2.1.             By Type

9.4.3.2.2.             By End-Users

9.4.3.3.         Market Attractiveness Index

9.4.4.     Italy Variable Frequency Drive Market Outlook

9.4.4.1.         Market Size & Forecast

9.4.4.1.1.             By Value

9.4.4.2.         Market Share & Forecast

9.4.4.2.1.             By Type

9.4.4.2.2.             By End-Users

9.4.4.3.         Market Attractiveness Index

9.4.5.     Spain Variable Frequency Drive Market Outlook

9.4.5.1.         Market Size & Forecast

9.4.5.1.1.             By Value

9.4.5.2.         Market Share & Forecast

9.4.5.2.1.             By Type

9.4.5.2.2.             By End-Users

9.4.5.3.         Market Attractiveness Index

10.  North America Variable Frequency Drive Market Outlook

10.1.              Market Size & Forecast

10.1.1.  By Value

10.2.              Market Share & Forecast

10.2.1.  By Type

10.2.2.  By Power Range

10.2.3.  By Application

10.2.4.  By Country

10.3.              Market Attractiveness Index

10.4.              North America: Country Analysis

10.4.1.  United States Variable Frequency Drive Market Outlook

10.4.1.1.      Market Size & Forecast

10.4.1.1.1.           By Value

10.4.1.2.      Market Share & Forecast

10.4.1.2.1.           By Type

10.4.1.2.2.           By End-Users

10.4.1.3.      Market Attractiveness Index

10.4.2.  Mexico Variable Frequency Drive Market Outlook

10.4.2.1.      Market Size & Forecast

10.4.2.1.1.           By Value

10.4.2.2.      Market Share & Forecast

10.4.2.2.1.           By Type

10.4.2.2.2.           By End-Users

10.4.2.3.      Market Attractiveness Index

10.4.3.  Canada Variable Frequency Drive Market Outlook

10.4.3.1.      Market Size & Forecast

10.4.3.1.1.           By Value

10.4.3.2.      Market Share & Forecast

10.4.3.2.1.           By Type

10.4.3.2.2.           By End-Users

10.4.3.3.      Market Attractiveness Index

11.  South America Variable Frequency Drive Market Outlook

11.1.              Market Size & Forecast

11.1.1.  By Value

11.2.              Market Share & Forecast

11.2.1.  By Type

11.2.2.  By Power Range

11.2.3.  By Application

11.2.4.  By Country

11.3.              Market Attractiveness Index

11.3.1.  Brazil Variable Frequency Drive Market Outlook

11.3.1.1.      Market Size & Forecast

11.3.1.1.1.           By Value

11.3.1.2.      Market Share & Forecast

11.3.1.2.1.           By Type

11.3.1.2.2.           By End-Users

11.3.1.3.      Market Attractiveness Index

11.3.2.  Argentina Variable Frequency Drive Market Outlook

11.3.2.1.      Market Size & Forecast

11.3.2.1.1.           By Value

11.3.2.2.      Market Share & Forecast

11.3.2.2.1.           By Type

11.3.2.2.2.           By End-Users

11.3.2.3.      Market Attractiveness Index

11.3.3.  Colombia Variable Frequency Drive Market Outlook

11.3.3.1.      Market Size & Forecast

11.3.3.1.1.           By Value

11.3.3.2.      Market Share & Forecast

11.3.3.2.1.           By Type

11.3.3.2.2.           By End-Users

11.3.3.3.      Market Attractiveness Index

12.  Middle East and Africa Variable Frequency Drive Market Outlook

12.1.              Market Size & Forecast

12.1.1.  By Value

12.2.              Market Share & Forecast

12.2.1.  By Type

12.2.2.  By Power Range

12.2.3.  By Application

12.2.4.  By Country

12.3.              Market Attractiveness Index

12.4.              MEA: Country Analysis

12.4.1.  South Africa Variable Frequency Drive Market Outlook

12.4.1.1.      Market Size & Forecast

12.4.1.1.1.           By Value

12.4.1.2.      Market Share & Forecast

12.4.1.2.1.           By Type

12.4.1.2.2.           By End-Users

12.4.1.3.      Market Attractiveness Index

12.4.2.  Saudi Arabia Variable Frequency Drive Market Outlook

12.4.2.1.      Market Size & Forecast

12.4.2.1.1.           By Value

12.4.2.2.      Market Share & Forecast

12.4.2.2.1.           By Type

12.4.2.2.2.           By End-Users

12.4.2.3.      Market Attractiveness Index

12.4.3.  UAE Variable Frequency Drive Market Outlook

12.4.3.1.      Market Size & Forecast

12.4.3.1.1.           By Value

12.4.3.2.      Market Share & Forecast

12.4.3.2.1.           By Type

12.4.3.2.2.           By End-Users

12.4.3.3.      Market Attractiveness Index

12.4.4.  Qatar Variable Frequency Drive Market Outlook

12.4.4.1.      Market Size & Forecast

12.4.4.1.1.           By Value

12.4.4.2.      Market Share & Forecast

12.4.4.2.1.           By Type

12.4.4.2.2.           By End-Users

12.4.4.3.      Market Attractiveness Index

13.  Supply Chain Analysis

14.  Market Dynamics

14.1.              Drivers

14.2.              Challenges

15.  Market Trends & Developments

16.  Policy & Regulatory Landscape

17.  Competitive Landscape

17.1.              Competition Outlook

17.2.              Company Profiles (Top 10 Companies)

17.2.1.  ABB Ltd.

17.2.2.  Rockwell Automation

17.2.3.  Siemens AG

17.2.4.  Schneider Electric SE

17.2.5.  General Electric

17.2.6.  Hitachi

17.2.7.  Mitsubishi Heavy Industries Ltd.

17.2.8.  Crompton Greaves

17.2.9.  Weg SA

17.2.10.                Fuji Electric Co.

17.2.11.                Toshiba

18.  Strategic Recommendation

Figures and Tables

Frequently asked questions

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Growing technological advancements, growing preference for electric motors in household appliances and increasing infrastructural activities are expected to drive the global variable frequency drive market during forecast period.

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Global variable frequency drive market has been segmented based on type, end user, power range, voltage, application and region.

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Based on type, the AC segment is expected to hold the largest share in global variable frequency drive market during forecast period.

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Some of the leading players in the global variable frequency drive market are ABB Ltd., Rockwell Automation, Siemens AG, Schneider Electric Se, General Electric, Hitachi, Mitsubishi Heavy Industries Ltd., Crompton Greaves, Weg SA, Fuji Electric Co., Toshiba etc.

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