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Global Variable Frequency Drive Market by Type (AC Drives, DC Drives, Servo Drives), Voltage (Low Voltage, Medium Voltage), Power Range, Application, End User - Forecast 2023-2030

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    Report

  • 196 Pages
  • November 2023
  • Region: Global
  • 360iResearch™
  • ID: 4857976
UP TO OFF until Dec 31st 2024
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The Variable Frequency Drive Market size was estimated at USD 21.09 billion in 2022, USD 21.88 billion in 2023, and is expected to grow at a CAGR of 4.21% to reach USD 29.35 billion by 2030.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Variable Frequency Drive Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Variable Frequency Drive Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Variable Frequency Drive Market, highlighting leading vendors and their innovative profiles. These include ABB Ltd., Anaheim Automation, Inc., CG Power and Industrial Solutions Limited, Danfoss A/S, Delta Electronics, Inc., Eaton Corporation, Fuji Electric Co., Ltd., General Electric Company, Hitachi Ltd., Honeywell International Inc., Inovance Technology Europe GmbH, Larsen & Toubro Limited, Mitsubishi Electric Corporation, Nidec Corporation, NORD Drivesystems Pvt. Ltd., Parker-Hannifin Corporation, Rockwell Automation Incorporated, Schneider Electric SE, SEW-EURODRIVE GmbH & Co KG, Shenzhen Gozuk Co., Limited, Shenzhen INVT Electric Co., Ltd., Siemens AG, TMEIC, WEG S.A., and Yaskawa Electric Corporation.

Market Segmentation & Coverage

This research report categorizes the Variable Frequency Drive Market to forecast the revenues and analyze trends in each of the following sub-markets:

  • Type
    • AC Drives
    • DC Drives
    • Servo Drives
  • Voltage
    • Low Voltage
    • Medium Voltage
  • Power Range
    • High Power Drives
    • Low Power Drives
    • Medium Power Drives
    • Micro Power Drives
  • Application
    • Compressors
    • Conveyors
    • Fans
    • Heating, Ventilation, & Air Conditioning
    • Pumps
  • End User
    • Industrial
    • Infrastructure
    • Marine
    • Material Handling
    • Mining & Metals
    • Oil & Gas
    • Power Generation
    • Water & Wastewater Treatment
  • Region
    • Americas
      • Argentina
      • Brazil
      • Canada
      • Mexico
      • United States
        • California
        • Florida
        • Illinois
        • New York
        • Ohio
        • Pennsylvania
        • Texas
    • Asia-Pacific
      • Australia
      • China
      • India
      • Indonesia
      • Japan
      • Malaysia
      • Philippines
      • Singapore
      • South Korea
      • Taiwan
      • Thailand
      • Vietnam
    • Europe, Middle East & Africa
      • Denmark
      • Egypt
      • Finland
      • France
      • Germany
      • Israel
      • Italy
      • Netherlands
      • Nigeria
      • Norway
      • Poland
      • Qatar
      • Russia
      • Saudi Arabia
      • South Africa
      • Spain
      • Sweden
      • Switzerland
      • Turkey
      • United Arab Emirates
      • United Kingdom

The report offers valuable insights on the following aspects

  1. Market Penetration: It presents comprehensive information on the market provided by key players.
  2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
  3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
  4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
  5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as

  1. What is the market size and forecast of the Variable Frequency Drive Market?
  2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Variable Frequency Drive Market?
  3. What are the technology trends and regulatory frameworks in the Variable Frequency Drive Market?
  4. What is the market share of the leading vendors in the Variable Frequency Drive Market?
  5. Which modes and strategic moves are suitable for entering the Variable Frequency Drive Market?

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This report also includes a complimentary Excel file with data from the report for purchasers at the Site License or greater level.

Frequently Asked Questions about the Global Variable Frequency Drive Market

What is the estimated value of the Global Variable Frequency Drive Market?

The Global Variable Frequency Drive Market was estimated to be valued at $21.88 Billion in 2023.

What is the growth rate of the Global Variable Frequency Drive Market?

The growth rate of the Global Variable Frequency Drive Market is 4.2%, with an estimated value of $29.35 Billion by 2030.

What is the forecasted size of the Global Variable Frequency Drive Market?

The Global Variable Frequency Drive Market is estimated to be worth $29.35 Billion by 2030.

Who are the key companies in the Global Variable Frequency Drive Market?

Key companies in the Global Variable Frequency Drive Market include ABB Ltd., Anaheim Automation, Inc., CG Power and Industrial Solutions Limited, Danfoss A/S, Delta Electronics, Inc., Eaton Corporation, Fuji Electric Co., Ltd., General Electric Company, Hitachi Ltd. and Honeywell International Inc..

Table of Contents

1. Preface
1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Limitations
1.7. Assumptions
1.8. Stakeholders
2. Research Methodology
2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update
3. Executive Summary
4. Market Overview
4.1. Introduction
4.2. Variable Frequency Drive Market, by Region
5. Market Insights
5.1. Market Dynamics
5.1.1. Drivers
5.1.1.1. Rising demand for process optimization
5.1.1.2. Growing use of VFDs across major vertical industries
5.1.1.3. Rising need for energy efficiency
5.1.1.4. Supportive regulatory environment
5.1.2. Restraints
5.1.2.1. Technical irregularities and heating problem associated with VFD
5.1.2.2. Stagnant growth of the oil & gas industry
5.1.3. Opportunities
5.1.3.1. Aging power infrastructure
5.1.3.2. Industrial internet of things (IIoT)
5.1.4. Challenges
5.1.4.1. Gray market providing low-quality and cheap products
5.2. Market Segmentation Analysis
5.3. Market Trend Analysis
5.4. Cumulative Impact of COVID-19
5.5. Cumulative Impact of Russia-Ukraine Conflict
5.6. Cumulative Impact of High Inflation
5.7. Porter’s Five Forces Analysis
5.7.1. Threat of New Entrants
5.7.2. Threat of Substitutes
5.7.3. Bargaining Power of Customers
5.7.4. Bargaining Power of Suppliers
5.7.5. Industry Rivalry
5.8. Value Chain & Critical Path Analysis
5.9. Regulatory Framework
5.10. Client Customization
6. Variable Frequency Drive Market, by Type
6.1. Introduction
6.2. AC Drives
6.3. DC Drives
6.4. Servo Drives
7. Variable Frequency Drive Market, by Voltage
7.1. Introduction
7.2. Low Voltage
7.3. Medium Voltage
8. Variable Frequency Drive Market, by Power Range
8.1. Introduction
8.2. High Power Drives
8.3. Low Power Drives
8.4. Medium Power Drives
8.5. Micro Power Drives
9. Variable Frequency Drive Market, by Application
9.1. Introduction
9.2. Compressors
9.3. Conveyors
9.4. Fans
9.5. Heating, Ventilation, & Air Conditioning
9.6. Pumps
10. Variable Frequency Drive Market, by End User
10.1. Introduction
10.2. Industrial
10.3. Infrastructure
10.4. Marine
10.5. Material Handling
10.6. Mining & Metals
10.7. Oil & Gas
10.8. Power Generation
10.9. Water & Wastewater Treatment
11. Americas Variable Frequency Drive Market
11.1. Introduction
11.2. Argentina
11.3. Brazil
11.4. Canada
11.5. Mexico
11.6. United States
12. Asia-Pacific Variable Frequency Drive Market
12.1. Introduction
12.2. Australia
12.3. China
12.4. India
12.5. Indonesia
12.6. Japan
12.7. Malaysia
12.8. Philippines
12.9. Singapore
12.10. South Korea
12.11. Taiwan
12.12. Thailand
12.13. Vietnam
13. Europe, Middle East & Africa Variable Frequency Drive Market
13.1. Introduction
13.2. Denmark
13.3. Egypt
13.4. Finland
13.5. France
13.6. Germany
13.7. Israel
13.8. Italy
13.9. Netherlands
13.10. Nigeria
13.11. Norway
13.12. Poland
13.13. Qatar
13.14. Russia
13.15. Saudi Arabia
13.16. South Africa
13.17. Spain
13.18. Sweden
13.19. Switzerland
13.20. Turkey
13.21. United Arab Emirates
13.22. United Kingdom
14. Competitive Landscape
14.1. FPNV Positioning Matrix
14.2. Market Share Analysis, By Key Player
14.3. Competitive Scenario Analysis, By Key Player
15. Competitive Portfolio
15.1. Key Company Profiles
15.1.1. ABB Ltd.
15.1.2. Anaheim Automation, Inc.
15.1.3. CG Power and Industrial Solutions Limited
15.1.4. Danfoss A/S
15.1.5. Delta Electronics, Inc.
15.1.6. Eaton Corporation
15.1.7. Fuji Electric Co., Ltd.
15.1.8. General Electric Company
15.1.9. Hitachi Ltd.
15.1.10. Honeywell International Inc.
15.1.11. Inovance Technology Europe GmbH
15.1.12. Larsen & Toubro Limited
15.1.13. Mitsubishi Electric Corporation
15.1.14. Nidec Corporation
15.1.15. NORD Drivesystems Pvt. Ltd.
15.1.16. Parker-Hannifin Corporation
15.1.17. Rockwell Automation Incorporated
15.1.18. Schneider Electric SE
15.1.19. SEW-EURODRIVE GmbH & Co KG
15.1.20. Shenzhen Gozuk Co., Limited
15.1.21. Shenzhen INVT Electric Co., Ltd.
15.1.22. Siemens AG
15.1.23. TMEIC
15.1.24. WEG S.A.
15.1.25. Yaskawa Electric Corporation
15.2. Key Product Portfolio
16. Appendix
16.1. Discussion Guide
16.2. License & Pricing
List of Figures
FIGURE 1. VARIABLE FREQUENCY DRIVE MARKET RESEARCH PROCESS
FIGURE 2. VARIABLE FREQUENCY DRIVE MARKET SIZE, 2022 VS 2030
FIGURE 3. VARIABLE FREQUENCY DRIVE MARKET SIZE, 2018-2030 (USD MILLION)
FIGURE 4. VARIABLE FREQUENCY DRIVE MARKET SIZE, BY REGION, 2022 VS 2030 (%)
FIGURE 5. VARIABLE FREQUENCY DRIVE MARKET SIZE, BY REGION, 2022 VS 2023 VS 2030 (USD MILLION)
FIGURE 6. VARIABLE FREQUENCY DRIVE MARKET DYNAMICS
FIGURE 7. VARIABLE FREQUENCY DRIVE MARKET SIZE, BY TYPE, 2022 VS 2030 (%)
FIGURE 8. VARIABLE FREQUENCY DRIVE MARKET SIZE, BY TYPE, 2022 VS 2023 VS 2030 (USD MILLION)
FIGURE 9. VARIABLE FREQUENCY DRIVE MARKET SIZE, BY VOLTAGE, 2022 VS 2030 (%)
FIGURE 10. VARIABLE FREQUENCY DRIVE MARKET SIZE, BY VOLTAGE, 2022 VS 2023 VS 2030 (USD MILLION)
FIGURE 11. VARIABLE FREQUENCY DRIVE MARKET SIZE, BY POWER RANGE, 2022 VS 2030 (%)
FIGURE 12. VARIABLE FREQUENCY DRIVE MARKET SIZE, BY POWER RANGE, 2022 VS 2023 VS 2030 (USD MILLION)
FIGURE 13. VARIABLE FREQUENCY DRIVE MARKET SIZE, BY APPLICATION, 2022 VS 2030 (%)
FIGURE 14. VARIABLE FREQUENCY DRIVE MARKET SIZE, BY APPLICATION, 2022 VS 2023 VS 2030 (USD MILLION)
FIGURE 15. VARIABLE FREQUENCY DRIVE MARKET SIZE, BY END USER, 2022 VS 2030 (%)
FIGURE 16. VARIABLE FREQUENCY DRIVE MARKET SIZE, BY END USER, 2022 VS 2023 VS 2030 (USD MILLION)
FIGURE 17. AMERICAS VARIABLE FREQUENCY DRIVE MARKET SIZE, BY COUNTRY, 2022 VS 2030 (%)
FIGURE 18. AMERICAS VARIABLE FREQUENCY DRIVE MARKET SIZE, BY COUNTRY, 2022 VS 2023 VS 2030 (USD MILLION)
FIGURE 19. UNITED STATES VARIABLE FREQUENCY DRIVE MARKET SIZE, BY STATE, 2022 VS 2030 (%)
FIGURE 20. UNITED STATES VARIABLE FREQUENCY DRIVE MARKET SIZE, BY STATE, 2022 VS 2023 VS 2030 (USD MILLION)
FIGURE 21. ASIA-PACIFIC VARIABLE FREQUENCY DRIVE MARKET SIZE, BY COUNTRY, 2022 VS 2030 (%)
FIGURE 22. ASIA-PACIFIC VARIABLE FREQUENCY DRIVE MARKET SIZE, BY COUNTRY, 2022 VS 2023 VS 2030 (USD MILLION)
FIGURE 23. EUROPE, MIDDLE EAST & AFRICA VARIABLE FREQUENCY DRIVE MARKET SIZE, BY COUNTRY, 2022 VS 2030 (%)
FIGURE 24. EUROPE, MIDDLE EAST & AFRICA VARIABLE FREQUENCY DRIVE MARKET SIZE, BY COUNTRY, 2022 VS 2023 VS 2030 (USD MILLION)
FIGURE 25. VARIABLE FREQUENCY DRIVE MARKET, FPNV POSITIONING MATRIX, 2022
FIGURE 26. VARIABLE FREQUENCY DRIVE MARKET SHARE, BY KEY PLAYER, 2022

Companies Mentioned

  • ABB Ltd.
  • Anaheim Automation, Inc.
  • CG Power and Industrial Solutions Limited
  • Danfoss A/S
  • Delta Electronics, Inc.
  • Eaton Corporation
  • Fuji Electric Co., Ltd.
  • General Electric Company
  • Hitachi Ltd.
  • Honeywell International Inc.
  • Inovance Technology Europe GmbH
  • Larsen & Toubro Limited
  • Mitsubishi Electric Corporation
  • Nidec Corporation
  • NORD Drivesystems Pvt. Ltd.
  • Parker-Hannifin Corporation
  • Rockwell Automation Incorporated
  • Schneider Electric SE
  • SEW-EURODRIVE GmbH & Co KG
  • Shenzhen Gozuk Co., Limited
  • Shenzhen INVT Electric Co., Ltd.
  • Siemens AG
  • TMEIC
  • WEG S.A.
  • Yaskawa Electric Corporation

Methodology

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