Marine Variable Frequency Drive (VFD) - Global Strategic Business Report

Global Marine Variable Frequency Drive (VFD) Market to Reach $1.5 Billion by 2030

The global market for Marine Variable Frequency Drive (VFD) estimated at US$837.3 Million in the year 2022, is projected to reach a revised size of US$1.5 Billion by 2030, growing at a CAGR of 7.8% over the analysis period 2022-2030. AC Drive, one of the segments analyzed in the report, is projected to record 7.5% CAGR and reach US$898.9 Million 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 8.3% CAGR for the next 8-year period.

The U.S. Market is Estimated at $228.1 Million, While China is Forecast to Grow at 12.9% CAGR

The Marine Variable Frequency Drive (VFD) market in the U.S. is estimated at US$228.1 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$370.5 Million by the year 2030 trailing a CAGR of 12.9% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.8% and 6.1% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 5.2% CAGR.

Select Competitors (Total 37 Featured) -

• ABB
• Beard Marine Group
• CG Power and IndUStrial Solutions
• Danfoss
• Eaton
• GE
• Invertek Drives
• Mitsubishi Electric
• Parker Hannifin
• Rockwell Automation
• Siemens
• WEG
• Yaskawa

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 Research Platform
• Complimentary updates for one year