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Variable Frequency Drives Market by Power Range (Micro, Low, Medium, High), Voltage (Low & Medium), Application (Pump, Fan, Compressor, Conveyor, Elevator, Extruder & Others) and Region - Global Trends & Forecasts to 2021

  • ID: 3641350
  • March 2016
  • Region: Global
  • 140 Pages
  • Markets and Markets
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The Global Variable Frequency Drives Market is Estimated to Value USD 19.38 Billion in 2016 and is Projected to Reach USD 27.11 Billion by 2021 at a CAGR of 6.9%

FEATURED COMPANIES

  • ABB Ltd.
  • Crompton Greaves Limited
  • Danfoss
  • Eaton Corporation Plc.
  • Emerson Electric Co.
  • Hitachi Ltd.
  • MORE

“The variable frequency drives market is expected to grow at a CAGR of 6.9% during the forecast period”
The global variable frequency drives market is estimated to be at USD 19.38 billion in 2016, and is projected to reach USD 27.11 billion by 2021, at a CAGR of 6.9% from 2016 to 2021. Energy consumption plays an important role in the overall operating costs of any energy intensive industry. Variable frequency drives, which are primarily used to control the speed and torque of electric motors, provide optimized energy use and reduce maintenance costs of electric motors. The growth of the market is attributed to an increased focus on energy efficiency and growth of the industrial sector in developing countries

“Medium voltage variable frequency drives are expected to witness the fastest growth during the forecast period”
Medium voltage variable frequency drives are expected to register the highest growth rate during the forecast period. The major reason behind the same is low current at a given power output, which makes it a feasible option in the industries. On the other hand, the low voltage segment held the largest share in 2015, accounting for READ MORE >

Note: Product cover images may vary from those shown
2 of 4

FEATURED COMPANIES

  • ABB Ltd.
  • Crompton Greaves Limited
  • Danfoss
  • Eaton Corporation Plc.
  • Emerson Electric Co.
  • Hitachi Ltd.
  • MORE

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Years Considered for the Study
1.4 Currency & Pricing
1.5 Limitation
1.6 Stakeholders

2 Research Methodology
2.1 Introduction
2.2 Secondary Data
2.2.1 Key Data From Secondary Sources
2.3 Primary Data
2.3.1 Key Data From Primary Sources
2.3.2 Key Industry Insights
2.4 Breakdown of Primaries
2.5 Market Size Estimation
2.5.1 Bottom-Up Approach
2.5.2 Top-Down Approach
2.6 Market Breakdown & Data Triangulation
2.7 Research Assumptions & Limitations
2.7.1 Assumptions
2.7.2 Limitations

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities in the Variable Frequency Drives Market, 2016-2021
4.2 Asia-Pacific Accounted for the Largest Market Share in 2015
4.3 Variable Frequency Drives Market, By Application, 2016-2021
4.4 Variable Frequency Drives Market in the Asia-Pacific Region is Expected to Be Driven By China & India
4.5 Low Voltage Segment is Expected to Dominate the Global Variable Frequency Drives Market During the Forecast Period
4.6 Life Cycle Analysis, By Region

5 Market Overview
5.1 Introduction
5.2 Variable Frequency Drives: Market Segmentation
5.2.1 By Voltage
5.2.2 By Application
5.2.3 By Power Range
5.2.4 By Region
5.3 Market Dynamics
5.3.1 Drivers
5.3.1.1 Increasing Urbanization & Industrialization
5.3.1.2 Rising Need for Energy Efficiency
5.3.1.3 Regulations on Energy Efficiency
5.3.2 Restraints
5.3.2.1 Decrease in Greenfield Investment
5.3.3 Opportunities
5.3.3.1 Huge Opportunity in the Replacement Sector
5.3.3.2 Industrial Internet of Things (Iiot)
5.3.4 Challenges
5.3.4.1 Regional-Level Competition From Local Players
5.4 Supply Chain Analysis
5.5 Variable Frequency Drives: Topologies
5.5.1 Voltage Source Inverter
5.5.2 Current Source Inverter
5.5.3 Six Step Inverter
5.5.4 Load Commutated Inverter
5.5.5 Cycloconverter
5.5.6 Slip Energy Recovery Drive
5.6 Porter’s Five Forces Analysis
5.6.1 Threat of New Entrants
5.6.2 Threat of Substitutes
5.6.3 Bargaining Power of Suppliers
5.6.4 Bargaining Power of Buyers
5.6.5 Intensity of Rivalry

6 Variable Frequency Drives Market, By Power Range
6.1 Introduction
6.2 Micro Power Drives
6.3 Low Power Drives
6.4 Medium Power Drives
6.5 High Power Drives

7 Variable Frequency Drives Market, By Application
7.1 Introduction
7.2 Pumps
7.3 Fans
7.4 Compressors
7.5 Conveyors
7.6 Extruders
7.7 Other Applications

8 Variable Frequency Drives Market, By Voltage
8.1 Introduction
8.2 Low Voltage
8.3 Medium Voltage

9 Variable Frequency Drives Market, By Region
9.1 Introduction
9.2 Asia-Pacific
9.2.1 China
9.2.2 Japan
9.2.3 India
9.2.4 South Korea
9.2.5 Australia
9.2.6 Indonesia
9.2.7 Rest of Asia-Pacific
9.3 Europe
9.3.1 Germany
9.3.2 France
9.3.3 Russia
9.3.4 The U.K.
9.3.5 Italy
9.3.6 Spain
9.3.7 Rest of Europe
9.4 North America
9.4.1 By Country
9.4.1 The U.S.
9.4.2 Canada
9.4.3 Mexico
9.5 Middle East
9.5.1 Saudi Arabia
9.5.2 UAE
9.5.3 Qatar
9.5.4 Oman
9.5.5 Kuwait
9.5.6 Rest of Middle East
9.6 Africa
9.6.1 Egypt
9.6.2 Nigeria
9.6.3 South Africa
9.6.4 Rest of Africa
9.7 South America
9.7.1 Brazil
9.7.2 Argentina
9.7.3 Chile
9.7.4 Rest of South America

10 Competitive Landscape
10.1 Overview
10.2 Competitive Situation & Trends
10.2.1 New Product Development & Expansion
10.2.2 Partnerships/Agreements/Collaborations
10.2.3 Mergers & Acquisitions
10.2.4 Other Developments

11 Company Profiles
(Overview, Financials, Products & Services, Strategy, and Developments)*
11.1 ABB Ltd.
11.2 General Electric Company (GE)
11.3 Schneider Electric Co.
11.4 Siemens AG
11.5 Emerson Electric Co.
11.6 Eaton Corporation Plc.
11.7 Crompton Greaves Limited
11.8 Hitachi Ltd.
11.9 Danfoss
11.10 Toshiba International Corporation
11.11 Mitsubishi Electric Corporation
11.12 Honeywell International, Inc.
11.13 Rockwell Automation

*Details on Overview, Financials, Product & Services, Strategy, and Developments Might Not Be Captured in Case of Unlisted Companies.

12 Appendix
12.1 Insights From Industry Experts
12.2 Discussion Guide
12.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
12.5 Available Customizations
12.6 Related Reports

List of Tables

Table 1 Variable Frequency Drives Market Size, By Power Range, 2014-2021 (USD Million)
Table 2 Micro Power: Variable Frequency Drives Market Size, By Region, 2014-2021 (USD Million)
Table 3 Low Power: Variable Frequency Drives Market Size, By Region, 2014-2021 (USD Million)
Table 4 Medium Power: Variable Frequency Drives Market Size, By Region, 2014-2021 (USD Million)
Table 5 High Power: Variable Frequency Drives Market Size, By Region, 2014-2021 (USD Million)
Table 6 Variable Frequency Drives Market Size, By Application, 2014-2021 (USD Million)
Table 7 Pumps: Variable Frequency Drives Market Size, By Region, 2014-2021 (USD Million)
Table 8 Fans: Variable Frequency Drives Market Size, By Region, 2014-2021 (USD Million)
Table 9 Compressors: Variable Frequency Drives Market Size, By Region, 2014-2021 (USD Million)
Table 10 Conveyors: Variable Frequency Drives Market Size, By Region, 2014-2021 (USD Million)
Table 11 Extruders: Variable Frequency Drives Market Size, By Region, 2014-2021 (USD Million)
Table 12 Others: Variable Frequency Drives Market Size, By Region, 2014-2020 (USD Million)
Table 13 Variable Frequency Drives Market Size, By Voltage, 2014-2021 (USD Million)
Table 14 Low Voltage: Variable Frequency Drives Market Size, By Region, 2014-2021 (USD Million)
Table 15 Medium Voltage Variable Frequency Drives Used By Different End-Use Industries
Table 16 Medium Voltage: Variable Frequency Drives Market Size, By Region, 2014-2021 (USD Million)
Table 17 Variable Frequency Drives Market Size, By Region, 2014-2021 (USD Million)
Table 18 Asia-Pacific: Variable Frequency Drives Market Size, By Voltage, 2014-2021 (USD Million)
Table 19 Asia-Pacific: Variable Frequency Drives Market Size, By Application, 2014-2021 (USD Million)
Table 20 Asia-Pacific: Variable Frequency Drives Market Size, By Power Range, 2014-2021 (USD Million)
Table 21 Asia-Pacific: Variable Frequency Drives Market Size, By Country, 2014-2021 (USD Million)
Table 22 China: Variable Frequency Drives Market Size, By Voltage, 2014-2021 (USD Million)
Table 23 Japan: Variable Frequency Drives Market Size, By Voltage, 2014-2021 (USD Million)
Table 24 India: Variable Frequency Drives Market Size, By Voltage, 2014-2021 (USD Million)
Table 25 South Korea: Variable Frequency Drives Market Size, By Voltage, 2014-2021 (USD Million)
Table 26 Australia: Variable Frequency Drives Market Size, By Voltage, 2014-2021 (USD Million)
Table 27 Indonesia: Variable Frequency Drives Market Size, By Voltage, 2014-2021 (USD Million)
Table 28 Rest of Asia-Pacific: Variable Frequency Drives Market Size, By Voltage, 2014-2021 (USD Million)
Table 29 Europe: Variable Frequency Drives Market Size, By Voltage, 2014-2021 (USD Million)
Table 30 Europe: Variable Frequency Drives Market Size, By Application, 2014-2021 (USD Million)
Table 31 Europe: Variable Frequency Drives Market Size, By Power Range, 2014-2021 (USD Million)
Table 32 Europe: Variable Frequency Drives Market Size, By Country, 2014-2021 (USD Million)
Table 33 Germany: Variable Frequency Drives Market Size, By Voltage, 2014-2021 (USD Million)
Table 34 France: Variable Frequency Drives Market Size, By Voltage, 2014-2021 (USD Million)
Table 35 Russia: Variable Frequency Drives Market Size, By Voltage, 2014-2021 (USD Million)
Table 36 U.K.: Variable Frequency Drives Market Size, By Voltage, 2014-2021 (USD Million)
Table 37 Italy: Variable Frequency Drives Market Size, By Voltage, 2014-2021 (USD Million)
Table 38 Spain: Variable Frequency Drives Market Size, By Voltage, 2014-2021 (USD Million)
Table 39 Rest of Europe: Variable Frequency Drives Market Size, By Voltage, 2014-2021 (USD Million)
Table 40 North America: Variable Frequency Drives Market Size, By Voltage, 2014-2021 (USD Million)
Table 41 North America: Variable Frequency Drives Market Size, By Application, 2014-2021 (USD Million)
Table 42 North America: Variable Frequency Drives Market Size, By Power Range, 2014-2021 (USD Million)
Table 43 North America: Variable Frequency Drives Market Size, By Country, 2014-2021 (USD Million)
Table 44 U.S.: Variable Frequency Drives Market Size, By Voltage, 2014-2021 (USD Million)
Table 45 Canada: Variable Frequency Drives Market Size, By Voltage, 2014-2021 (USD Million)
Table 46 Mexico: Variable Frequency Drives Market Size, By Voltage, 2014-2021 (USD Million)
Table 47 Middle East: Variable Frequency Drives Market Size, By Voltage, 2014-2021 (USD Million)
Table 48 Middle East: Variable Frequency Drives Market Size, By Application, 2014-2021 (USD Million)
Table 49 Middle East: Variable Frequency Drives Market Size, By Power Range, 2014-2021 (USD Million)
Table 50 Middle East: Variable Frequency Drives Market Size, By Country, 2014-2021 (USD Million)
Table 51 Saudi Arabia: Variable Frequency Drives Market Size, By Voltage, 2014-2021 (USD Million)
Table 52 UAE: Variable Frequency Drives Market Size, By Voltage, 2014-2021 (USD Million)
Table 53 Qatar: Variable Frequency Drives Market Size, By Voltage, 2014-2021 (USD Million)
Table 54 Oman: Variable Frequency Drives Market Size, By Voltage, 2014-2021 (USD Million)
Table 55 Kuwait: Variable Frequency Drives Market Size, By Voltage, 2014-2021 (USD Million)
Table 56 Rest of Middle East: Variable Frequency Drives Market Size, By Voltage, 2014-2021 (USD Million)
Table 57 Africa: Variable Frequency Drives Market Size, By Voltage, 2014-2021 (USD Million)
Table 58 Africa: Variable Frequency Drives Market Size, By Application, 2014-2021 (USD Million)
Table 59 Africa: Variable Frequency Drives Market Size, By Power Range, 2014-2021 (USD Million)
Table 60 Africa: Variable Frequency Drives Market Size, By Country, 2014-2021 (USD Million)
Table 61 Egypt: Variable Frequency Drives Market Size, By Voltage, 2014-2021 (USD Million)
Table 62 Nigeria: Variable Frequency Drives Market Size, By Voltage, 2014-2021 (USD Million)
Table 63 South Africa: Variable Frequency Drives Market Size, By Voltage, 2014-2021 (USD Million)
Table 64 Rest of Africa: Variable Frequency Drives Market Size, By Voltage, 2014-2021 (USD Million)
Table 65 South America: Variable Frequency Drives Market Size, By Voltage, 2014-2021 (USD Million)
Table 66 South America: Variable Frequency Drives Market Size, By Application, 2014-2021 (USD Million)
Table 67 South America: Variable Frequency Drives Market Size, By Power Range, 2014-2021 (USD Million)
Table 68 South America: Variable Frequency Drives Market Size, By Country, 2014-2021 (USD Million)
Table 69 Brazil: Variable Frequency Drives Market Size, By Voltage, 2014-2021 (USD Million)
Table 70 Argentina: Variable Frequency Drives Market Size, By Voltage, 2014-2021 (USD Million)
Table 71 Chile: Variable Frequency Drives Market Size, By Voltage, 2014-2021 (USD Million)
Table 72 Rest of South America: Variable Frequency Drives Market Size, By Voltage, 2014-2021 (USD Million)
Table 73 New Product Development & Expansion, 2015-2016
Table 74 Partnerships/Agreements/Collaborations, 2015-2016
Table 75 Mergers & Acquisitions, 2013-2015
Table 76 Other Developments, 2014-2015

List of Figures

Figure 1 Markets Covered: Variable Frequency Drives Market
Figure 2 Variable Frequency Drives Market: Research Design
Figure 3 Break Down of Primary Interviews: By Company Type, Designation, & Region
Figure 4 Market Size Estimation Methodology: Bottom-Up Approach
Figure 5 Market Size Estimation Methodology: Top-Down Approach
Figure 6 Market Estimation Approach & Data Triangulation Methodology
Figure 7 Asia-Pacific Occupied the Largest Market Share (Value) in 2015
Figure 8 Variable Frequency Drives Market Share (Value), By Voltage, 2015
Figure 9 Pumps Segment is Estimated to Be the Largest Application in 2016 & is Projected to Remain So By 2020
Figure 10 Variable Frequency Drives Market Snapshot: Asia-Pacific is Expected to Exhibit the Highest Growth Rate in the Next 5 Years
Figure 11 Variable Frequency Drives Market Share (Value), By Power Range, 2016 & 2021
Figure 12 Increasing Urbanization, Industrialization, and Need for Energy Saving are Expected to Drive the Demand for Variable Frequency Drives During the Forecast Period
Figure 13 Asia-Pacific and the Middle East & Africa are Expected to Grow at A Fast Pace During the Forecast Period
Figure 14 Pumps Application is Expected to Hold the Largest Market Share During the Forecast Period
Figure 15 The Chinese Variable Frequency Drives Market is Projected to Hold the Largest Share in Asia-Pacific During the Forecast Period
Figure 16 Low Voltage Segment Accounted for the Largest Market Share in 2015
Figure 17 The Asia-Pacific Market is Expected to Grow at the Highest Rate During the Forecast Period
Figure 18 Variable Frequency Drives Market Segmentation: By Voltage, Application, Power Range, & Region
Figure 19 Market Dynamics for Variable Frequency Drives Market
Figure 20 Urbanization Trend
Figure 21 Supply Chain Analysis: Major Value is Added During the Manufacturing & Assembly Phase
Figure 22 Porter’s Five Forces Analysis: Variable Frequency Drives Market
Figure 23 Low Power Variable Frequency Drives Held the Largest Market Share (Value) in 2015
Figure 24 Asia-Pacific is Expected to Be the Fastest Growing Region in the Micro Power Variable Frequency Drives Market During the Forecast Period
Figure 25 Asia-Pacific is Expected to Be the Fastest Growing Region in the Low Power Variable Frequency Drives Market During the Forecast Period
Figure 26 Medium Power Variable Frequency Drives Market Share (Value), By Region, 2015
Figure 27 High Power Variable Frequency Drives Market Share (Value), By Region, 2014
Figure 28 Global Snapshot: Pumps Application is Expected to Dominate the Variable Frequency Drives Market During the Forecast Period
Figure 29 Low Voltage Variable Frequency Drives Held the Largest Market Share in 2015
Figure 30 Medium Voltage Variable Frequency Drives are Expected to Grow at the Highest CAGR During the Forecast Period
Figure 31 Variable Frequency Drives Market Share (Value), By Region, 2015
Figure 32 Regional Snapshot: Growth Rate of Variable Frequency Drives Market in Major Countries, 2016-2021
Figure 33 Asia-Pacific Variable Frequency Drives: an Overview
Figure 34 Europe Variable Frequency Drives Market: an Overview
Figure 35 Companies Adopted New Product Development & Expansion as the Key Growth Strategy in the Past 3 Years to Grasp the Market
Figure 36 Market Evaluation Framework: Partnerships/Agreements/Collaborations, New Product Developments, Mergers & Acquisitions Have Fueled the Growth of Companies During 2011-2016
Figure 37 Geographic Revenue Mix of Top Five Players
Figure 38 ABB: Company Snapshot
Figure 39 SWOT Analysis: ABB Ltd.
Figure 40 GE: Company Snapshot
Figure 41 SWOT Analysis: GE
Figure 42 Schneider: Company Snapshot
Figure 43 SWOT Analysis: Schneider Electric
Figure 44 Siemens: Company Snapshot
Figure 45 SWOT Analysis: Siemens
Figure 46 Emerson: Company Snapshot
Figure 47 SWOT Analysis: Emerson
Figure 48 Eaton: Company Snapshot
Figure 49 Crompton Greaves: Company Snapshot
Figure 50 Hitachi Ltd.: Company Snapshot
Figure 51 Danfoss: Company Snapshot
Figure 52 Mitsubishi Electric Corporation: Company Snapshot
Figure 53 Honeywell International, Inc.: Company Snapshot
Figure 54 Rockwell Automation: Company Snapshot

Note: Product cover images may vary from those shown
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- ABB Ltd.
- Crompton Greaves Limited
- Danfoss
- Eaton Corporation Plc.
- Emerson Electric Co.
- General Electric Company (GE)
- Hitachi Ltd.
- Honeywell International, Inc.
- Mitsubishi Electric Corporation
- Rockwell Automation
- Schneider Electric Co.
- Siemens AG
- Toshiba International Corporation

Note: Product cover images may vary from those shown
4 of 4
Note: Product cover images may vary from those shown

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