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

  • ID: 4061448
  • Report
  • Region: Global
  • 173 Pages
  • Markets and Markets
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Variable Frequency Drives Market worth 24.8 Billion USD by 2021

FEATURED COMPANIES

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

“The variable frequency drive market is projected to grow at a CAGR of 5.94% from 2016 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.

“The AC drives segment is expected to grow at the highest CAGR from 2016 to 2021”

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. 

“Variable frequency drives in the low voltage segment is expected to grow at the fastest CAGR from 2016 to 2021”

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: The largest market for variable frequency drives”

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 = <USD 10 billion.
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 to Hold Largest Share of Global Variable Frequency Drives Market During 2016-2021
4.4 Variable Frequency Drives Market, By Power Range
4.5 Variable Frequency Drives Market, 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 Alternating 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 Drives 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
14.3 Knowledge Store
14.4 Available Customizations
14.5 Introducing RT: Real-Time Market Intelligence
14.6 Related Reports
14.7 Author Details

List of Tables
Table 1 Variable Frequency Drives Market, By Type, 2014-2021 (USD Million)
Table 2 AC Drives: Variable Frequency Drives Market Size, By Region, 2014-2021 (USD Million)
Table 3 DC Drives: 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 End-User: Variable Frequency Drives Market Size, By Voltage, 2014-2021 (USD Million)
Table 7 Power Generation End-User: Variable Frequency Drives Market Size, By Voltage, 2014-2021 (USD Million)
Table 8 Industrial End-User: Variable Frequency Drives Market Size, By Voltage, 2014-2021 (USD Million)
Table 9 Infrastructure End-User: 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 Drives Market Size, By Region, 2014-2021 (USD Million)
Table 12 Medium Voltage: Variable Frequency Drives 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 Application: Variable Frequency Drives Market Size, By Region, 2014-2021 (USD Million)
Table 20 Fans Application: Variable Frequency Drives Market Size, By Region, 2014-2021 (USD Million)
Table 21 Compressors Application: Variable Frequency Drives Market Size, By Region, 2014-2021 (USD Million)
Table 22 Conveyors Application: Variable Frequency Drives Market Size, By Region, 2014-2021 (USD Million)
Table 23 Extruders Application: Variable Frequency Drives Market Size, By Region, 2014-2021 (USD Million)
Table 24 Other Applications: 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 Variable Frequency Drives Market Segmentation
Figure 2 Countries Covered
Figure 3 Variable Frequency Drives Market: 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 Estimated to Hold Largest Share in Global Variable Frequency Drives Market in 2016
Figure 8 Variable Frequency Drives Market Size, By Voltage, 2016 and 2021 (USD Million)
Figure 9 Low Power Variable Frequency Drives Estimated to Hold Largest Share in 2016 and Maintain Leading Position Until 2021
Figure 10 AC Drives to Hold Largest Share of Variable Frequency Drives Market, By Type, During 2016-2021 (USD Million)
Figure 11 Pumps Application to Hold Largest Share of Variable Frequency Drives Market During 2016-2021 (USD Million)
Figure 12 Asia-Pacific to Hold Largest Share of Global Variable Frequency Drives Market During 2016-2021 (USD Million)
Figure 13 Top Developments in Variable Frequency Drives Market (2014-2015)
Figure 14 Attractive Opportunities in Variable Frequency Drives Market During 2016-2021
Figure 15 Low Voltage Segment to Dominate Market During 2016-2021 (USD Million)
Figure 16 AC Drives to Hold Largest Share of Variable Frequency Drives Market By 2021 (USD Million)
Figure 17 Asia-Pacific to Record Highest Growth During 2016-2021
Figure 18 Low Power Drives to Hold Largest Share of Variable Frequency Drives Market During 2016-2021 (USD Million)
Figure 19 Pumps to Be the Largest Application Segment During 2016-2021 (USD Million)
Figure 20 Variable Frequency Drives Market Segmentation: By Type, Application, End-User, Voltage, Power Range, and Region
Figure 21 Variable Frequency Drives Market Dynamics
Figure 22 Global Urbanization Trend, By Region, 2010-2015
Figure 23 Global Electricity Consumption, 2011-2015
Figure 24 Crude Oil Price Trend, 2010-2016 (USD Per Barrel)
Figure 25 Low Voltage Segment Held Largest Share of Variable Frequency Drives Market in 2015
Figure 26 China and India to Record Highest Growth in Global Variable Frequency Drives Market During 2016-2021
Figure 27 Asia-Pacific Variable Frequency Drives Market Snapshot: Attractive Growth Opportunities in 2015
Figure 28 Europe Variable Frequency Drives Market Snapshot: Held Second-Largest Share Globally in 2015
Figure 29 Companies Adopted Contracts & Agreements as the Key Growth Strategy During 2013-2016
Figure 30 ABB Ltd. Held Highest Share in Variable Frequency Drives Market in 2015
Figure 31 Market Evaluation Framework
Figure 32 Battle for Market Share: Contracts & Agreements Was the Key Strategy Adopted During 2013-2016
Figure 33 Region-Wise Revenue Mix of Top 5 Players in Variable Frequency Drives Market
Figure 34 ABB Ltd.: Company Snapshot
Figure 35 Siemens AG: Company Snapshot
Figure 36 Schneider Electric Se.: Company Snapshot
Figure 37 Danfoss: Company Snapshot
Figure 38 Rockwell Automation: Company Snapshot
Figure 39 Weg SA: Company Snapshot
Figure 40 Yaskawa Electric Corporation: Company Snapshot
Figure 41 Eaton: Company Snapshot
Figure 42 General Electric: Company Snapshot
Figure 43 Emerson: Company Snapshot
Figure 44 Hitachi: Company Snapshot
Figure 45 Crompton Greaves: Company Snapshot
Figure 46 Mitsubishi Heavy Industries, Ltd.: Company Snapshot
Figure 47 Fuji Electric Co.: Company Snapshot
Figure 48 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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