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Europe VFDs Market by Application (Pump, Fan, Compressor, Conveyor, Extruder), Power Rating (0–0.5, 0.5–20, 20–50, 50–200, >200kW), Voltage (Low and Medium) And Countries (Germany, Russia, UK, France, Italy, Spain) - Forecast to 2024

  • ID: 4763862
  • Report
  • Region: Europe, France, Germany, Italy, Russia, Spain, United Kingdom, Great Britain
  • 117 Pages
  • Markets and Markets
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The Europe Variable Frequency Drives Market is Projected to grow from an Estimated USD 5.2 Billion in 2019 to USD 6.4 Billion by 2024, at a CAGR of 4.13%

FEATURED COMPANIES

  • ABB
  • Danfoss
  • Eaton
  • Fuji
  • Hitachi
  • Rockwell
  • MORE

The Europe variable frequency drives market is projected to grow at a CAGR of 4.13% from 2019 to 2024

The Europe variable frequency drives market is projected to grow from an estimated USD 5.2 billion in 2019 to USD 6.4 billion by 2024, at a CAGR of 4.13% during the forecast period. The growth of this market is driven by the increasing investments in the energy and construction industries. The government in this region is focusing on reducing greenhouse gas emissions. Such initiatives are the major drivers for this market.

The compressor segment, by application, is expected to be the largest Europe variable frequency drives market (units) from 2019 to 2024

The compressor segment is estimated to be the largest Europe variable frequency drives market, by application. It is expected to grow from 1,579,412 units in 2019 to 1,983,492 units by 2024, at a CAGR of 4.66% during the forecast period. The oil & gas, food & beverage, and building automation industries are driving the demand for compressors.

The 0.5–20 kW segment, by power rating, is expected to be the largest Europe variable frequency drives market from 2019 to 2024

The 0.5–20 kW is the largest segment, which is expected to be USD 755.3 million by 2019, at a CAGR of 4.90% from 2019 to 2024. The high energy savings at a low capital cost increase the demand for the 0.5–20 kW segment in Europe.

Germany: The largest Europe variable frequency drives market

The Europe variable frequency drives market in Germany is expected to grow at a CAGR of 4.82% during the forecast period. Increasing investments in the energy and construction industries are likely to drive the Europe variable frequency drives market in Germany. The other major countries contributing to this market are the UK, Russia, Spain, Italy, and France. Increasing demand for renewable power generation in chemical and food & beverage industries is expected to boost the Europe variable frequency drives market in this region.

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 the future market prospects.

The distribution of primary interviews is as follows:

  • By Company Type: Tier 1- 60%, Tier 2- 27%, and Tier 3- 13%
  • By Designation: C-Level- 35%, Director Level- 25%, and Others- 40%
  • By Region: Europe- 40%, Asia Pacific- 25%, North America- 19%, Middle East & Africa- 16%

Note: Others includes sales managers, marketing managers, product managers, and product engineers.

The tier of the companies is defined on the basis of their total revenue as of 2017. Tier 1: USD 1 billion, Tier 2: From USD 1 billion to USD 500 million, and Tier 3: <USD 500 million.

The Europe variable frequency drives market is dominated by a few major players that have a wide regional presence. The leading players in the Europe variable frequency drives market are ABB (Switzerland), Eaton (Ireland), Schneider (France), Siemens (Germany), Danfoss (Denmark), Fuji (Japan), Rockwell (US), Yaskawa (Japan), CG Power and Industrial Solutions (India), Hitachi (Japan), WEG SA (Brazil), and TMEIC (Japan).

Research Coverage:
The report defines, describes, and forecasts the Europe variable frequency drives market, by application, power rating, voltage, and country. It also offers a detailed qualitative and quantitative analysis of the market. The report provides a comprehensive review of the major market drivers, restraints, opportunities, and challenges. It also covers various important aspects of the market. These include the analysis of the competitive landscape, market dynamics, market estimates, in terms of value and future trends in the Europe variable frequency drives market.

Why Buy This Report?

  • The report identifies and addresses the key markets of the Europe variable frequency drives market, which would help various stakeholders such as energy utilities, government and research organizations, institutional investors, shareholders, variable frequency drives’ manufacturers, dealers, and suppliers.
  • The report helps system providers understand the pulse of the market and provides insights into drivers, restraints, opportunities, and challenges.
  • The report will help key players understand the strategies of their competitors better and help them in making better strategic decisions.
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • ABB
  • Danfoss
  • Eaton
  • Fuji
  • Hitachi
  • Rockwell
  • MORE

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

2 Research Methodology
2.1 Market Size Estimation
2.1.1 Ideal Demand-Side Analysis
2.1.1.1 Assumptions
2.1.2 Supply-Side Analysis
2.1.2.1 Calculation
2.1.3 Framework of Market Assessment
2.1.4 Forecast
2.2 Some of the Insights of Industry Experts

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities in the Europe Variable Frequency Drives Market
4.2 Europe Variable Frequency Drives Market, By Country
4.3 Europe Variable Frequency Drives Market, By Application & Country
4.4 Europe Variable Frequency Drives Market, By Voltage
4.5 Europe Variable Frequency Drives Market, By Power Rating

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Increased Use of Variable Frequency Drives Across Major Industries
5.2.1.2 Rising Need for Energy Efficiency
5.2.1.3 Supportive Regulatory Environment
5.2.2 Restraints
5.2.2.1 Stagnant Growth of the Oil & Gas Industry
5.2.3 Opportunities
5.2.3.1 Aging Power Infrastructure
5.2.3.2 Industrial Internet of Things (IIoT)
5.2.4 Challenges
5.2.4.1 Gray Market Providing Low-Quality and Cheap Products

6 Europe Variable Frequency Drives Market, By Voltage
6.1 Introduction
6.2 Low Voltage (Up to 690 V)
6.2.1 Increasing Usage of Variable Frequency Drives in Mining, Pulp & Paper, Water & Wastewater, and Oil & Gas Industries is Expected to Boost the Europe Variable Frequency Drives Market in the Low Voltage Segment
6.3 Medium Voltage (Above 690 V)
6.3.1 Low Maintenance and Operating Cost of Medium Voltage Variable Frequency Drives in Cement and Steel Industries are Expected to Drive the Europe Variable Frequency Drives Market in the Medium Voltage Segment

7 Europe Variable Frequency Drives Market, By Power Rating
7.1 Introduction
7.2 0–0.5 kW
7.2.1 Rising Urbanization and Industrialization are the Vital Factors That Drive the Growth of This Segment
7.3 0.5–20 kW
7.3.1 High Energy Savings at Low Capital Cost Increase the Demand for This Segment
7.4 20–50 kW
7.4.1 Healthcare and Home Appliance Industries are Driving the Demand for This Segment
7.5 50–200 kW
7.5.1 High-Power Drives are Likely to Boost the Demand for This Segment
7.6 Above 200 kW
7.6.1 High-Power Applications are Expected to Drive This Segment

8 Europe Variable Frequency Drives Market, By Application
8.1 Introduction
8.2 Pump
8.2.1 Increasing Pump Export and Its Use in Various Industries are Likely to Drive the Pump Segment
8.3 Fan
8.3.1 Growing Demand for Fans in Hvac and Low Maintenance Requirements are Expected to Drive the Fan Segment
8.4 Compressor
8.4.1 Oil & Gas, Food & Beverage, and Building Automation are the Industries That are Driving the Demand for Compressors
8.5 Conveyor
8.5.1 Mining, Pharmaceuticals, Manufacturing, and Transportation are the Industries That are Driving the Demand for Conveyors
8.6 Extruder
8.6.1 Plastic and Food Processing are the Industries That are Driving the Demand for Extruders
8.7 Others
8.7.1 Features Such as Low Maintenance and Reduction in Mechanical Stress are Expected to Drive the Crushers & Mills and Mixers Market

9 Europe Variable Frequency Drives Market, By Country
9.1 Introduction
9.2 Germany
9.2.1 Increasing Investments in Energy & Construction Industries are Likely to Drive the Europe Variable Frequency Drives Market in Germany
9.3 UK
9.3.1 Increasing Demand for Renewable Power Generation in Chemical and Food & Beverage Industries is Expected to Boost the Europe Variable Frequency Drives Market in the UK
9.4 Russia
9.4.1 Growing Industrial Sector & Increasing Investments in Energy Projects are the Drivers for the Europe Variable Frequency Drives Market in Russia
9.5 France
9.5.1 Target to Reduce Greenhouse Gas Emissions is Likely to Boost the Demand for Variable Frequency Drives in France
9.6 Italy
9.6.1 Growing Industrial Sector & Investments in the Oil & Gas Industry are Expected to Increase the Demand for Variable Frequency Drives in Italy
9.7 Spain
9.7.1 Rising Export Demand in Pharmaceutical & Automobile Industries is Expected to Boost the Europe Variable Frequency Drives Market in Spain
9.8 Rest of Europe
9.8.1 Increase in Focus on Renewable Energy Sources for Power Generation is Expected to Drive the VFD Market

10 Competitive Landscape
10.1 Introduction
10.2 Market Share Analysis
10.3 Competitive Scenario
10.3.1 New Product Launches
10.3.2 Contracts & Agreements
10.3.3 Mergers & Acquisitions
10.3.4 Investments & Expansions
10.3.5 Partnerships
10.4 Competitive Leadership Mapping
10.4.1 Visionary Leaders
10.4.2 Innovators
10.4.3 Dynamic
10.4.4 Emerging

11 Company Profiling
11.1 ABB
11.2 Eaton
11.3 Schneider
11.4 Siemens
11.5 Danfoss
11.6 Fuji
11.7 Rockwell
11.8 Yaskawa
11.9 CG Power and Industrial Solutions
11.10 Hitachi
11.11 WEG
11.12 TMEIC

12 Appendix
12.1 Insights of Industry Experts
12.2 Discussion Guide
12.3 Knowledge Store: Subscription Portal
12.4 Available Customizations
12.5 Related Reports
12.6 Author Details

List of Tables
Table 1 Units of Motors Sold Annually are the Determining Factor for the Europe Variable Frequency Drives Market
Table 2 Europe Variable Frequency Drives Market Snapshot
Table 3 Europe Variable Frequency Drives Market Size, By Voltage, 2017–2024 (Units)
Table 4 Europe Variable Frequency Drives Market Size, By Voltage, 2017–2024 (USD Million)
Table 5 Low Voltage: Europe Variable Frequency Drives Market Size, By Country, 2017–2024 (Units)
Table 6 Low Voltage: Europe Variable Frequency Drives Market Size, By Country, 2017–2024 (USD Million)
Table 7 Medium Voltage: Europe Variable Frequency Drives Market Size, By Country, 2017–2024 (Units)
Table 8 Medium Voltage: Europe Variable Frequency Drives Market Size, By Country, 2017–2024 (USD Million)
Table 9 Europe Variable Frequency Drives Market Size, By Power Rating, 2017–2024 (Units)
Table 10 Europe Variable Frequency Drives Market Size, By Power Rating, 2017–2024 (USD Million)
Table 11 0–0.5 kW: Europe Variable Frequency Drives Market Size, By Application, 2017–2024 (Units)
Table 12 0–0.5 kW: Europe Variable Frequency Drives Market Size, By Application, 2017–2024 (USD Million)
Table 13 0.5–20 kW: Europe Variable Frequency Drives Market Size, By Application, 2017–2024 (Units)
Table 14 0.5–20 kW: Europe Variable Frequency Drives Market Size, By Application, 2017–2024 (USD Million)
Table 15 20–50 kW: Europe Variable Frequency Drives Market Size, By Application, 2017–2024 (Units)
Table 16 20–50 kW: Europe Variable Frequency Drives Market Size, By Application, 2017–2024 (USD Million)
Table 17 50–200 kW: Europe Variable Frequency Drives Market Size, By Application, 2017–2024 (Units)
Table 18 50–200 kW: Europe Variable Frequency Drives Market Size, By Application, 2017–2024 (USD Million)
Table 19 Above 200 kW: Europe Variable Frequency Drives Market Size, By Application, 2017–2024 (Units)
Table 20 Above 200 kW: Europe Variable Frequency Drives Market Size, By Application, 2017–2024 (USD Millions)
Table 21 Europe Variable Frequency Drives Market Size, By Application, 2017–2024 (Units)
Table 22 Europe Variable Frequency Drives Market Size, By Application, 2017–2024 (USD Million)
Table 23 Pump: Europe Variable Frequency Drives Market Size, By Power Rating, 2017–2024 (Units)
Table 24 Pump: Europe Variable Frequency Drives Market Size, By Power Rating, 2017–2024 (USD Million)
Table 25 Fan: Europe Variable Frequency Drives Market Size, By Power Rating, 2017–2024 (Units)
Table 26 Fan: Europe Variable Frequency Drives Market Size, By Power Rating, 2017–2024 (USD Million)
Table 27 Compressor: Europe Variable Frequency Drives Market Size, By Power Rating, 2017–2024 (Units)
Table 28 Compressor: Europe Variable Frequency Drives Market Size, By Power Rating, 2017–2024 (USD Million)
Table 29 Conveyor: Europe Variable Frequency Drives Market Size, By Power Rating, 2017–2024 (Units)
Table 30 Conveyor: Europe Variable Frequency Drives Market Size, By Power Rating, 2017–2024 (USD Million)
Table 31 Extruder: Europe Variable Frequency Drives Market Size, By Power Rating, 2017–2024 (Units)
Table 32 Extruder: Europe Variable Frequency Drives Market Size, By Power Rating, 2017–2024 (USD Million)
Table 33 Others: Europe Variable Frequency Drives Market Size, By Power Rating, 2017–2024 (Units)
Table 34 Others: Europe Variable Frequency Drives Market Size, By Power Rating, 2017–2024 (USD Million)
Table 35 Europe Variable Frequency Drives Market Size, By Country, 2017–2024 (Units)
Table 36 Europe Variable Frequency Drives Market Size, By Country, 2017–2024 (USD Million)
Table 37 Germany: Europe Variable Frequency Drives Market, By Application, 2017–2024 (Units)
Table 38 Germany: Europe Variable Frequency Drives Market, By Application, 2017–2024 (USD Million)
Table 39 Germany: Europe Variable Frequency Drives Market, By Voltage, 2017–2024 (Units)
Table 40 Germany: Europe Variable Frequency Drives Market, By Voltage, 2017–2024 (USD Million)
Table 41 UK: Europe Variable Frequency Drives Market, By Application, 2017–2024 (Units)
Table 42 UK: Europe Variable Frequency Drives Market, By Application, 2017–2024 (USD Million)
Table 43 UK: Europe Variable Frequency Drives Market, By Voltage, 2017–2024 (Units)
Table 44 UK: Europe Variable Frequency Drives Market, By Voltage, 2017–2024 (USD Million)
Table 45 Russia: Europe Variable Frequency Drives Market, By Application, 2017–2024 (Units)
Table 46 Russia: Europe Variable Frequency Drives Market, By Application, 2017–2024 (USD Million)
Table 47 Russia: Europe Variable Frequency Drives Market, By Voltage, 2017–2024 (Units)
Table 48 Russia: Europe Variable Frequency Drives Market, By Voltage, 2017–2024 (USD Million)
Table 49 France: Europe Variable Frequency Drives Market, By Application, 2017–2024 (Units)
Table 50 France: Europe Variable Frequency Drives Market, By Application, 2017–2024 (USD Million)
Table 51 France: Europe Variable Frequency Drives Market, By Voltage, 2017–2024 (Units)
Table 52 France: Europe Variable Frequency Drives Market, By Voltage, 2017–2024 (USD Million)
Table 53 Italy: Europe Variable Frequency Drives Market, By Application, 2017–2024 (Units)
Table 54 Italy: Europe Variable Frequency Drives Market, By Application, 2017–2024 (USD Million)
Table 55 Italy: Europe Variable Frequency Drives Market, By Voltage, 2017–2024 (Units)
Table 56 Italy: Europe Variable Frequency Drives Market, By Voltage, 2017–2024 (USD Million)
Table 57 Spain: Europe Variable Frequency Drives Market, By Application, 2017–2024 (Units)
Table 58 Spain: Europe Variable Frequency Drives Market, By Application, 2017–2024 (USD Million)
Table 59 Spain: Europe Variable Frequency Drives Market, By Voltage, 2017–2024 (Units)
Table 60 Spain: Europe Variable Frequency Drives Market, By Voltage, 2017–2024 (USD Million)
Table 61 Rest of Europe: Europe Variable Frequency Drives Market, By Application, 2017–2024 (Units)
Table 62 Rest of Europe: Europe Variable Frequency Drives Market, By Application, 2017–2024 (USD Million)
Table 63 Rest of Europe: Europe Variable Frequency Drives Market, By Voltage, 2017–2024 (Units)
Table 64 Rest of Europe: Europe Variable Frequency Drives Market, By Voltage, 2017–2024 (USD Million)
Table 65 Developments By Key Players in the Market, 2015–February 2019

List of Figures
Figure 1 Europe Variable Frequency Drives Market
Figure 2 Germany Dominated the Europe Variable Frequency Drives Market in Terms of Cagr (2019–2024)
Figure 3 Pump Segment is Expected to Lead the Europe Variable Frequency Drives Market During the Forecast Period
Figure 4 0.5–20 kW Segment is Expected to Lead the Europe Variable Frequency Drives Market During the Forecast Period
Figure 5 Low Voltage Segment is Expected to Lead the Europe Variable Frequency Drives Market During the Forecast Period
Figure 6 Increasing Investments in Energy Projects are Driving the Europe Variable Frequency Drives Market, 2019–2024
Figure 7 The Market in Germany is Expected to Grow at the Highest Cagr During the Forecast Period
Figure 8 Pump Segment and Germany Dominated the Europe Variable Frequency Drives Market in 2018
Figure 9 Low Voltage Segment is Expected to Dominate the Europe Variable Frequency Drives Market, By Voltage, During the Forecast Period
Figure 10 0.5–20 kW Segment is Expected to Dominate the Europe Variable Frequency Drives Market, By Power Rating, During the Forecast Period
Figure 11 Europe Variable Frequency Drives Market: Drivers, Restraints, Opportunities, & Challenges
Figure 13 Crude Oil Price Trend, 2014–2018 (USD Per Barrel)
Figure 14 Low Voltage Segment Accounted for A Larger Market Share in 2018
Figure 15 0.5–20 kW Led the Europe Variable Frequency Drives Market in 2018
Figure 16 Pump Segment Led the Europe Variable Frequency Drives Market, By Application, in 2018 (USD Million)
Figure 17 Country Snapshot: the Europe Variable Frequency Drives Market in Germany is Projected to Grow at the Highest Cagr During the Forecast Period 56
Figure 18 Europe Variable Frequency Drives Market Share (Value), By Country, 2018
Figure 19 Key Developments in Europe Variable Frequency Drives Market During January 2015–February 2019
Figure 20 Market Share Analysis, 2017
Figure 21 Competitive Analysis Ac Drives Market Share: Europe, 2017
Figure 22 Europe Variable Frequency Drives Market Competitive Leadership Mapping, 2018
Figure 23 ABB: Company Snapshot
Figure 24 Eaton: Company Snapshot
Figure 25 Schneider: Company Snapshot
Figure 26 Siemens: Company Snapshot
Figure 27 Danfoss: Company Snapshot
Figure 28 Fuji: Company Snapshot
Figure 29 Rockwell: Company Snapshot
Figure 30 Yaskawa: Company Snapshot
Figure 31 CG Power and Industrial Solutions: Company Snapshot
Figure 32 Hitachi: Company Snapshot
Figure 33 WEG: Company Snapshot

Note: Product cover images may vary from those shown
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  • ABB
  • CG Power and Industrial Solutions
  • Danfoss
  • Eaton
  • Fuji
  • Hitachi
  • Rockwell
  • Schneider
  • Siemens
  • TMEIC
  • WEG SA
  • Yaskawa
Note: Product cover images may vary from those shown
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