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Variable Frequency Drive Market by Type, End-Users, Application, Power Range, Voltage, and Region - Global Forecast to 2021

  • ID: 4061448
  • Report
  • February 2017
  • Region: Global
  • 170 Pages
  • Markets and Markets
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The Global Variable Frequency Drive Market was Valued at USD 17.66 Billion in 2015 and is set to Reach a Market Size of USD 24.8 Billion by 2021 at a CAGR of 5.94%

FEATURED COMPANIES

  • ABB Ltd
  • Danfoss
  • Emerson Electric Co.
  • General Electric
  • Rockwell Automation
  • Siemens AG
  • MORE

"Variable Frequency Drive Market by Type (AC, DC, and Servo), End-Users (Industrial, Infrastructure, Oil & Gas, and Power Generation), Application (Pumps, Fans, Compressors, Conveyors, Extruders), Power Range, Voltage, and Region - Global Forecast to 2021"

The variable frequency drive (VFD) market is projected to reach USD 24.8 billion by 2021, at a CAGR of 5.94% from 2016 to 2021. VFD are used in infrastructural activities which include commercial buildings such as hospitals, and educational institutions. Increasing urbanization and industrialization in developing countries such as India, growing need for energy efficiency, reduction in operating costs of any energy intensive industry, regulations on energy efficiency, growing trend of industrial automation, and regulations to ensure efficiency are expected to drive the variable frequency drive market.

Based on segment, AC drives are expected to constitute the fastest growing market from 2016 to 2021. AC drives are witnessing an increase in demand, as they are more efficient, requires less maintenance as compared to dc drives. Therefore, the AC drive segment has higher market share than the DC drive segment.   

With regard to voltage, the low voltage segment is estimated to grow at the fastest CAGR. The demand from industries such as utilities, petrochemicals, water & wastewater, metals & mining, and cement, would drive the low voltage drives market. The low voltage drives are generally employed in applications such as pumps, compressors, conveyors, crushers & mills, fans, and kiln applications.

Asia-Pacific is currently the largest market for VFD, closely followed by Europe. The Asian market is primarily driven by countries such as China, India, Japan, Australia, Indonesia, and South Korea. China is expected to dominate the variable frequency drives market, followed by Japan and India. Urbanization and industrialization will drive the Asia-Pacific market during the forecast period.

Breakdown of Primaries:

In-depth interviews have been conducted with various key industry participants, subject matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information, as well as to assess future market prospects. The distribution of primary interviews is as follows:

  • By Company Type: Tier 1- 60%, Tier 2- 27%, Tier 3- 13%
  • By Designation: C-Level- 35%, Manager-Level- 25%, Others- 40%
  • By Region: Americas- 40%, Europe- 19%, Asia-Pacific- 17%, Middle East- 15%, and Africa- 9%

Note: The tier of the companies has been defined based on their total revenue; as of 2015: Tier 1 = >USD 20 billion, Tier 2 = USD 10 billion to USD 20 billion, and Tier 3 = less.

The leading players in the variable frequency market include ABB Ltd (Switzerland), Siemens AG (Germany), Schneider Electric (France), Danfoss (Denmark), Rockwell Automation, Inc. (U.S.), and WEG (Brazil).

Research Coverage:

From an insight perspective, this research report has focused on various levels of analysis-industry analysis (industry trends), market share analysis of top players, supply chain analysis, and company profiles, which together comprise and discuss the basic views on the competitive landscape; emerging and high-growth segments of the variable frequency drive market; high-growth regions; and market drivers, restraints, and opportunities.

The report provides insights on the following pointers:

  • Market Penetration: Comprehensive information on equipment offered by the top players in the global variable frequency drive market
  • Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the variable frequency drive market
  • Market Development: Comprehensive information about lucrative emerging markets - the report analyzes the markets for variable frequency drive across regions
  • Market Diversification: Exhaustive information about new products, untapped markets, recent developments, and investments in the global variable frequency drive market
  • Competitive Assessment: In-depth assessment of market shares, strategies, products, and manufacturing capabilities of the leading players in the global variable frequency drive market
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Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • ABB Ltd
  • Danfoss
  • Emerson Electric Co.
  • General Electric
  • Rockwell Automation
  • Siemens AG
  • MORE

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Markets Covered
1.3.2 Years Considered for the Study
1.4 Currency
1.5 Limitations
1.6 Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Key Industry Insights
2.1.2.3 Breakdown of Primaries
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Data Triangulation
2.4 Research Assumptions

3 Executive Summary
3.1 Historical Backdrop
3.2 Current Scenario
3.3 Future Outlook
3.4 Conclusion

4 Premium Insights
4.1 Variable Frequency Drives Market, By Voltage
4.2 Variable Frequency Drives Market, By Type
4.3 Asia-Pacific: the Largest Market During the Forecast Period
4.4 Variable Frequency Drives, By Power Range
4.5 Variable Frequency Drives, By Application

5 Market Overview
5.1 Introduction
5.2 Variable Frequency Drives: Market Segmentation
5.3 Market Dynamics
5.3.1 Drivers
5.3.1.1 Increasing Urbanization and Industrialization
5.3.1.2 Rising Need for Energy Efficiency
5.3.1.3 Government Regulations
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

6 Variable Frequency Drives Market, By Type
6.1 Introduction
6.2 Alternative Current (AC) Variable Frequency Drives
6.3 Direct Current (DC) Variable Frequency Drives
6.4 Servo Variable Frequency Drives

7 Variable Frequency Drives Market, By End-User
7.1 Introduction
7.2 Oil & Gas
7.3 Power Generation
7.4 Industrial
7.5 Infrastructure

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

9 Variable Frequency Drive Market, By Power Range
9.1 Introduction
9.2 Micro Power Drives
9.3 Low Power Drives
9.4 Medium Power Drives
9.5 High Power Drives

10 Variable Frequency Drives Market, By Application
10.1 Introduction
10.2 Pumps
10.3 Fans
10.4 Compressors
10.5 Conveyors
10.6 Extruders
10.7 Other End-Users

11 Variable Frequency Drives Market, By Region
11.1 Introduction
11.2 Asia-Pacific
11.2.1 By Voltage
11.2.2 By Application
11.2.3 By Power Range
11.2.4 By Country
11.2.4.1 China
11.2.4.2 Japan
11.2.4.3 India
11.2.4.4 South Korea
11.2.4.5 Indonesia
11.2.4.6 Australia
11.2.4.7 Rest of Asia-Pacific
11.3 Europe
11.3.1 By Voltage
11.3.2 By Application
11.3.3 By Power Range
11.3.4 By Country
11.3.4.1 Germany
11.3.4.2 France
11.3.4.3 Russia
11.3.4.4 U.K.
11.3.4.5 Italy
11.3.4.6 Spain
11.3.4.7 Rest of Europe
11.4 North America
11.4.1 By Voltage
11.4.2 By Application
11.4.3 By Power Range
11.4.4 By Country
11.4.4.1 U.S.
11.4.4.2 Canada
11.4.4.3 Mexico
11.5 Middle East
11.5.1 By Voltage
11.5.2 By Application
11.5.3 By Power Range
11.5.4 By Country
11.5.4.1 Saudi Arabia
11.5.4.2 UAE
11.5.4.3 Qatar
11.5.4.4 Oman
11.5.4.5 Kuwait
11.5.4.6 Rest of Middle East
11.6 South America
11.6.1 By Voltage
11.6.2 By Application
11.6.3 By Power Range
11.6.4 By Country
11.6.4.1 Brazil
11.6.4.2 Argentina
11.6.4.3 Chile
11.6.4.4 Rest of South America
11.7 Africa
11.7.1 By Voltage
11.7.2 By Application
11.7.3 By Power Range
11.7.4 By Country
11.7.4.1 Egypt
11.7.4.2 Nigeria
11.7.4.3 South Africa
11.7.4.4 Rest of Africa

12 Competitive Landscape
12.1 Overview
12.2 Market Share Analysis, By Value, 2015
12.3 Competitive Situation & Trends
12.4 Contracts & Agreements
12.5 Expansions & Investments
12.6 New Product Developments
12.7 Mergers & Acquisitions

13 Company Profiles
(Overview, Products & Services, Strategies & Insights, Developments and MnM View) -
13.1 Introduction
13.2 ABB Ltd
13.3 Siemens AG
13.4 Schneider Electric Se
13.5 Danfoss
13.6 Rockwell Automation
13.7 WEG SA
13.8 Yaskawa Electric Corp
13.9 Eaton
13.10 General Electric
13.11 Emerson Electric Co.
13.12 Hitachi
13.13 Crompton Greaves
13.14 Mitsubishi Heavy Industries, Ltd.
13.15 Fuji Electric Co.
13.16 Toshiba

- Details on Overview, Products & Services, Strategies & Insights, Developments and MnM View Might Not Be Captured in Case of Unlisted Companies.

14 Appendix
14.1 Insights of Industry Experts
14.2 Discussion Guide

List of Tables

Table 1 Variable Frequency Drives Market, By Type, 2014-2021 (USD Million)
Table 2 Alternative Current (AC): Variable Frequency Drives Market Size, By Region, 2014-2021 (USD Million)
Table 3 Direct Current (DC) : Variable Frequency Drives Market Size, By Region, 2014-2021 (USD Million)
Table 4 Servo Drives : Variable Frequency Drives Market Size, By Region, 2014-2021 (USD Million)
Table 5 Variable Frequency Drives Market Size, By End-User, 2014-2021 (USD Million)
Table 6 Oil & Gas: Variable Frequency Drives Market Size, By Voltage, 2014-2021 (USD Million)
Table 7 Power Generation: Variable Frequency Drives Market Size, By Voltage, 2014-2021 (USD Million)
Table 8 Industrial: Variable Frequency Drives Market Size, By Voltage, 2014-2021 (USD Million)
Table 9 Infrastructure: Variable Frequency Drives Market Size, By Voltage, 2014-2021 (USD Million)
Table 10 Variable Frequency Drives Market Size, By Voltage, 2014-2021 (USD Million)
Table 11 Low Voltage: Variable Frequency Drive Market Size, By Region, 2014-2021 (USD Million)
Table 12 Medium Voltage: Variable Frequency Market Size, By Region, 2014-2021 (USD Million)
Table 13 Variable Frequency Drives Market Size, By Power Range, 2014-2021 (USD Million)
Table 14 Micro Power Drives: Variable Frequency Drives Market Size, By Region, 2014-2021 (USD Million)
Table 15 Low Power Drives: Variable Frequency Drives Market Size, By Region, 2014-2021 (USD Million)
Table 16 Medium Power Drives: Variable Frequency Drives Market Size, By Region, 2014-2021 (USD Million)
Table 17 High Power Drives: Variable Frequency Drives Market Size, By Region, 2014-2021 (USD Million)
Table 18 Global Variable Frequency Drives Market Size, By Application, 2014-2021 (USD Million)
Table 19 Pumps: Variable Frequency Drives Market Size, By Region, 2014-2021 (USD Million)
Table 20 Fans: Variable Frequency Drives Market Size, By Region, 2014-2021 (USD Million)
Table 21 Compressors: Variable Frequency Drives Market Size, By Region, 2014-2021 (USD Million)
Table 22 Conveyors: Variable Frequency Drives Market Size, By Region, 2014-2021 (USD Million)
Table 23 Extruders: Variable Frequency Drives Market Size, By Region, 2014-2021 (USD Million)
Table 24 Other End-Users: Variable Frequency Drives Market, By Region, 2014-2021 (USD Million)
Table 25 Variable Frequency Drives Market Size, By Region, 2014-2021 (USD Million)
Table 26 Asia-Pacific: Variable Frequency Drives Market Size, By Voltage 2014-2021 (USD Million)
Table 27 Asia-Pacific: Variable Frequency Drives Market Size, By Application, 2014-2021 (USD Million)
Table 28 Asia-Pacific: Variable Frequency Drives Market Size, By Power Range, 2014-2021 (USD Million)
Table 29 Asia-Pacific: Variable Frequency Drives Market Size, By Country, 2014-2021 (USD Million)
Table 30 China: Variable Frequency Drives Market Size, By Voltage, 2014-2021 (USD Million)
Table 31 Japan: Variable Frequency Drives Market Size, By Voltage, 2014-2021 (USD Million)
Table 32 India: Variable Frequency Drives Market Size, By Voltage, 2014-2021 (USD Million)
Table 33 South Korea: Variable Frequency Drives Market Size, By Voltage, 2014-2021 (USD Million)
Table 34 Indonesia: Variable Frequency Drives Market Size, By Voltage, 2014-2021 (USD Million)
Table 35 Australia: Variable Frequency Drives Market Size, By Voltage, 2014-2021 (USD Million)
Table 36 Rest of Asia-Pacific: Variable Frequency Drives Market Size, By Voltage, 2014-2021 (USD Million)
Table 37 Europe: Variable Frequency Drives Market Size, By Voltage, 2014-2021 (USD Million)
Table 38 Europe: Variable Frequency Drives Market Size, By Application, 2014-2021 (USD Million)
Table 39 Europe: Variable Frequency Drives Market Size, By Power Range, 2014-2021 (USD Million)
Table 40 Europe: Variable Frequency Drives Market Size, By Country, 2014-2021 (USD Million)
Table 41 Germany: Variable Frequency Drives Market Size, By Voltage, 2014-2021 (USD Million)
Table 42 France: Variable Frequency Drives Market Size, By Voltage, 2014-2021 (USD Million)
Table 43 Russia: Variable Frequency Drives Market Size, By Voltage, 2014-2021 (USD Million)
Table 44 U.K.: Variable Frequency Drives Market Size, By Voltage, 2014-2021 (USD Million)
Table 45 Italy: Variable Frequency Drives Market Size, By Voltage, 2014-2021 (USD Million)
Table 46 Spain: Variable Frequency Drives Market Size, By Voltage, 2014-2021 (USD Million)
Table 47 Rest of Europe: Variable Frequency Drives Market Size, By Voltage, 2014-2021 (USD Million)
Table 48 North America: Variable Frequency Drives Market Size, By Voltage, 2014-2021 (USD Million)
Table 49 North America: Variable Frequency Drives Market Size, By Application 2014-2021 (USD Million)
Table 50 North America: Variable Frequency Drives Market Size, By Power Range, 2014-2021 (USD Million)
Table 51 North America: Variable Frequency Drives Market Size, By Country, 2014-2021 (USD Million)
Table 52 U.S.: Variable Frequency Drives Market Size, By Voltage, 2014-2021 (USD Million)
Table 53 Canada: Variable Frequency Drives Market Size, By Voltage, 2014-2021 (USD Million)
Table 54 Mexico: Variable Frequency Drives Market Size, By Voltage, 2014-2021 (USD Million)
Table 55 Middle East: Variable Frequency Drives Market Size, By Voltage, 2014-2021 (USD Million)
Table 56 Middle East: Variable Frequency Drives Market Size, By Application, 2014-2021 (USD Million)
Table 57 Middle East: Variable Frequency Drives Market Size, By Power Range, 2014-2021 (USD Million)
Table 58 Middle East: Variable Frequency Drives Market Size, By Country, 2014-2021 (USD Million)
Table 59 Saudi Arabia: Variable Frequency Drives Market Size, By Voltage, 2014-2021 (USD Million)
Table 60 UAE: Variable Frequency Drives Market Size, By Voltage, 2014-2021 (USD Million)
Table 61 Qatar: Variable Frequency Drives Market Size, By Voltage, 2014-2021 (USD Million)
Table 62 Oman: Variable Frequency Drives Market Size, By Voltage, 2014-2021 (USD Million)
Table 63 Kuwait: Variable Frequency Drives Market Size, By Voltage, 2014-2021 (USD Million)
Table 64 Rest of Middle East: Variable Frequency Drives Market Size, By Type, 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 Africa: Variable Frequency Drives Market Size, By Voltage, 2014-2021 (USD Million)
Table 74 Africa: Variable Frequency Drives Market Size, By Application, 2014-2021 (USD Million)
Table 75 Africa: Variable Frequency Drives Market Size, By Power Range, 2014-2021 (USD Million)
Table 76 Africa: Variable Frequency Drives Market Size, By Country, 2014-2021 (USD Million)
Table 77 Egypt: Variable Frequency Drives Market Size, By Voltage, 2014-2021 (USD Million)
Table 78 Nigeria: Variable Frequency Drives Market Size, By Voltage, 2014-2021 (USD Million)
Table 79 South Africa: Variable Frequency Drives Market Size, By Voltage, 2014-2021 (USD Million)
Table 80 Rest of Africa: Variable Frequency Drives Market Size, By Voltage, 2014-2021 (USD Million)
Table 81 Contracts & Agreements, 2015-2016
Table 82 Expansions and Investments, 2014-2016
Table 83 New Product Developments, 2013-2016
Table 84 Mergers & Acquisitions, 2013-2016

List of Figures

Figure 1 Market Segmentation: Variable Frequency Drives Market
Figure 2 Countries Covered
Figure 3 Variable Frequency Drives: Research Design
Figure 4 Market Size Estimation Methodology: Bottom-Up Approach
Figure 5 Market Size Estimation Methodology: Top-Down Approach
Figure 6 Data Triangulation Methodology
Figure 7 Asia-Pacific Occupied the Largest Market Share in 2016
Figure 8 Variable Frequency Drives Market Size, By Voltage, 2016 and 2021 (USD Billion)
Figure 9 The Low Power Drives Segment is Estimated to Be the Largest Power Range in 2016 and is Projected to Remain So Till 2021
Figure 10 AC Drives are Expected to Account for the Maximum Size During the Forecast Period
Figure 11 The Compressors, By Application, Segment is Expected to Account for the Maximum Size During the Forecast Period
Figure 12 Variable Frequency Drives Market Snapshot: Asia-Pacific is Expected to Be the Largest Market During the Forecast Period
Figure 13 Top Market Development (2014-2015)
Figure 14 Attractive Market Opportunities in the Variable Frequency Drives Market During the Forecast Period
Figure 15 Low Voltage Drives to Dominate the VFD Market During the Forecast Period
Figure 16 The AC Drives Segment is Estimated to Be the Largest Segment of the Variable Frequency Drives Market By 2021
Figure 17 Asia-Pacific is Expected to Grow at the Fastest Pace During the Forecast Period
Figure 18 The Low Power Range Segment is Expected to Have the Largest Share of the Variable Frequency Drives Market From 2016 to 2021
Figure 19 Pumps are Projected to Be the Largest Application for the Variable Frequency Drives Market During the Forecast Period
Figure 20 Variable Frequency Drives Market Segmentation: By Type, Application, End-Use Application, Voltage, Power Range, and Region
Figure 21 Market Dynamics for Variable Frequency Drives Market
Figure 22 Urbanization Trend, 2010-2015
Figure 23 Global Electricity Consumption, 2011-2015
Figure 24 Crude Oil Price Trend, 2010-2016
Figure 25 Low Voltage Variable Frequency Drives Held the Largest Market Share in 2015
Figure 26 Medium Voltage Variable Frequency Drives are Expected to Grow at the Highest CAGR During the Forecast Period
Figure 27 China and India are Expected to Grow at the Highest CAGR From 2016 to 2021
Figure 28 Regional Snapshot: Asia-Pacific Offered Attractive Market Opportunities, in 2015
Figure 29 Regional Snapshot: Europe Was the Second Largest Market, in 2015
Figure 30 Companies Adopted Contracts & Agreements as the Key Growth Strategy, 2013-2016
Figure 31 ABB Accounted for the Maximum Share in the Variable Frequency Drive Market in 2014
Figure 32 Market Evaluation Framework
Figure 33 Battle for Market Share: Contracts & Agreements Was the Key Strategy, 2013-2016
Figure 34 Region-Wise Revenue Mix of Top 5 Market Players
Figure 35 ABB Ltd: Company Snapshot
Figure 36 Siemens AG: Company Snapshot
Figure 37 Schneider Electric Se.: Company Snapshot
Figure 38 Danfoss: Company Snapshot
Figure 39 Rockwell Automation: Company Snapshot
Figure 40 WEG SA: Company Snapshot
Figure 41 Yaskawa Electric Corp: Company Snapshot
Figure 42 Eaton: Company Snapshot
Figure 43 General Electric: Company Snapshot
Figure 44 Emerson: Company Snapshot
Figure 45 Hitachi: Company Snapshot
Figure 46 Crompton Greaves: Company Snapshot
Figure 47 Mitsubishi Heavy Industries, Ltd.: Company Snapshot
Figure 48 Fuji Electric Co.: Company Snapshot
Figure 49 Toshiba.: Company Snapshot

Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • ABB Ltd
  • Danfoss
  • Emerson Electric Co.
  • General Electric
  • Rockwell Automation
  • Siemens AG
  • MORE

The global variable frequency drive (VFD) market is projected to grow at a CAGR of 5.94% from 2016 to 2021, to reach a market size of USD 24.8 Billion by 2021. This growth is attributed to the increasing infrastructural activities including construction of hospitals, and educational institutions, strict regulations related to energy efficiency, reduction of life cycle cost and optimized energy use.

The report segments the variable frequency drive market based on type into AC drives, DC drives and Servo drives. The AC drives segment is projected to dominate the VFD market.

The variable frequency drive market has been segmented based on power range into micro power drive (UP TO 5 Kw), low power drive (6-40 kW), medium power drive (41-200 kW) and high power drive (Above 200 kW). The micro power drive segment accounted for the largest market share in 2015. These VFDs are increasingly popular due to their wide application in fans, pumps, compressors, conveyors, extruders, among others.

The report segments variable frequency drive market based on end-user segment into oil & gas, industrial, power, and infrastructure. The infrastructure segment is expected to grow at the fastest rate during the forecast period. VFDs are applied mainly in metals, mining, water and wastewater treatment projects, and other infrastructure activities under the infrastructure end-user segment. The growing infrastructure sector, especially in the Asia-Pacific would likely boost the overall variable frequency drive market during the forecast period.

In this report, the variable frequency drive market has been analyzed with respect to six regions, namely, North America, Europe, Asia-Pacific, South America, the Middle East and Africa. The Asia-Pacific is expected to dominate the global variable frequency drive market during the forecast period, owing to the extensive use of these devices in industrial as well as infrastructural activities.

The Asia-Pacific market is projected to grow at the highest CAGR from 2016 to 2021. The region is the largest market for the infrastructure and industrial sectors. Energy-intensive industries such as oil & gas, metals & mining, paper, cement, and water & wastewater are adopting these drives to reduce their energy consumption and CO2 emissions. These factors are expected to drive the VFD market globally. Therefore, increasing need for energy efficiency is expected to drive the VFD market worldwide

Decrease in greenfield investment of VFD could be a restraint of the variable frequency drive market, leading to declining profits. Additionally, VFD forms an important part of the oil & gas sector, but the recent downturn in oil prices has resulted in a decline in capital budgets, which led to contraction in industrial equipment demand which has influenced the growth of the VFD market.

Leading players in the variable frequency drive market include ABB Ltd (Switzerland), Siemens AG (Germany), Schneider Electric (France), Danfoss (Denmark), WEG (Brazil), and Rockwell Automation, Inc. (U.S.). Contracts and agreements was the strategy most commonly adopted by the top players, constituting 38% of the total developments from 2013 to 2016. It was followed by new product developments, expansions and investments, and mergers & acquisitions.

Note: Product cover images may vary from those shown
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  • ABB Ltd
  • Crompton Greaves
  • Danfoss
  • Eaton
  • Emerson Electric Co.
  • Fuji Electric Co.
  • General Electric
  • Hitachi
  • Mitsubishi Heavy Industries, Ltd.
  • Rockwell Automation
  • Schneider Electric Se
  • Siemens AG
  • Toshiba
  • WEG SA
  • Yaskawa Electric Corp
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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