Global Variable Frequency Drives (VFD) Market to Reach $29.8 Billion by 2030
The global market for Variable Frequency Drives (VFD) estimated at US$20.4 Billion in the year 2022, is projected to reach a revised size of US$29.8 Billion by 2030, growing at a CAGR of 4.8% over the analysis period 2022-2030. AC Drive, one of the segments analyzed in the report, is projected to record 4.5% CAGR and reach US$19.7 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the DC Drive segment is readjusted to a revised 5.8% CAGR for the next 8-year period.The U.S. Market is Estimated at $5.5 Billion, While China is Forecast to Grow at 7.6% CAGR
The Variable Frequency Drives (VFD) market in the U.S. is estimated at US$5.5 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$6.3 Billion by the year 2030 trailing a CAGR of 7.6% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.7% and 3.9% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 3.4% CAGR.Select Competitors (Total 62 Featured) -
- ABB Ltd.
- CG Power and Industrial Solutions Ltd.
- Danfoss A/S
- Eaton Corporation PLC
- Fuji Electric Co., Ltd.
- Hitachi Hi-Rel Power Electronics Pvt. Ltd.
- Nidec Corporation
- Rockwell Automation, Inc.
- Schneider Electric SA
- Siemens AG
- TMEIC Corporation
- WEG SA
- Yaskawa America, Inc.
What's New?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and the publisher's Research Platform
- Complimentary updates for one year
Table of Contents
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- ABB Ltd.
- CG Power and Industrial Solutions Ltd.
- Danfoss A/S
- Eaton Corporation PLC
- Fuji Electric Co., Ltd.
- Hitachi Hi-Rel Power Electronics Pvt. Ltd.
- Nidec Corporation
- Rockwell Automation, Inc.
- Schneider Electric SA
- Siemens AG
- TMEIC Corporation
- WEG SA
- Yaskawa America, Inc.
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 233 |
Published | April 2024 |
Forecast Period | 2022 - 2030 |
Estimated Market Value ( USD | $ 20.4 Billion |
Forecasted Market Value ( USD | $ 29.8 Billion |
Compound Annual Growth Rate | 4.9% |
Regions Covered | Global |