Variable Frequency Drive Market, By Drive Type, By Voltage Range, By Application Type, By End-use Application, By End-use Industry, By Region - Size, Share, Outlook, and Opportunity Analysis, 2021 - 2028

A variable frequency drive or Variable Voltage/ Variable Frequency drive, AC drives, inverter drives, AC waveform drives, digital drives, ribbon drives, spindle drives, plenum drives, line speed drives, power cable drives, and flash memory drives are some of the common computer drives that use this technology. A variable frequency drive varies the output frequency and / or voltage of an electric motor to provide better overall system performance at a given operating speed. A variable frequency drive is more power-efficient than other hard drives. The most common application of a variable frequency drive is to replace the primary (or center) source of an electric motor. When the engine does not run at full speed, the machine software uses the VFD to compensate for this, and the machine operates at the appropriate speed.

Market Dynamics

Increasing demand from diverse end-use industries including cement, petrochemical, chemical, mining, oil & gas, and pulp & paper is expected to boost the global variable frequency drive (VFD) market growth over the forecast period. VFD is widely used in numerous industries as it allows pumping in a smooth regime, which reduces energy consumption as compared to multi-regime pumping. Furthermore, these types of drives can enhance the reliability of the equipment. In fact, VFD has the capacity to control ramp-up and ramp-down of the motor during the start or stop.

Furthermore supportive environmental policies are expected to the accelerate growth of the global variable frequency drive (VFD) market in the near future.

Key features of the study:

• This report provides in-depth analysis of the variable frequency drive (VFD) market, and provides market size (US$ Million) and compound annual growth rate (CAGR%) for the forecast period (2021-2028), considering 2020 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global variable frequency drive (VFD) market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
• Key companies covered as a part of this study include Fuji Electric Co., Ltd, Schneider Electric, Mitsubishi Electric Corporation, Toshiba International Corporation, Siemens AG, Emerson Industrial Automation, ABB Ltd., Johnson Controls Inc., American Electric Technologies Inc. (AETI), Rockwell Automation Inc., Danfoss India, General Electric Company, Honeywell International Inc., and Hitachi Limited.
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• The global variable frequency drive (VFD) market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global variable frequency drive (VFD) market

Detailed Segmentation:

Global Variable Frequency Drive (VFD) Market, By Drive Type:

• AC Drive
• DC Drive
• Servo Drive

Global Variable Frequency Drive (VFD) Market, By Voltage Range:

• Low Voltage Range
• Medium Voltage Range

Global Variable Frequency Drive (VFD) Market, By Application Type:

• Standard
• Regenerative

Global Variable Frequency Drive (VFD) Market, By End-use Application:

• Pump
• Fan
• Compressor
• Conveyor
• HVAC
• Other Applications

Global Variable Frequency Drive (VFD) Market, By End-use Industry:

• Oil & Gas
• Food Processing
• Automotive
• Mining & Metals
• Pulp & Papers
• Others (Power generation, chemical processing, etc.)

Global Variable Frequency Drive (VFD) Market, By Region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Company Profiles

• Fuji Electric Co., Ltd
• Company Overview
• Product Portfolio
• Financial Performance
• Key Strategies
• Recent Developments
• Future Plans
• Schneider Electric
• Mitsubishi Electric Corporation
• Toshiba International Corporation
• Siemens AG
• Emerson Industrial Automation
• ABB Ltd.
• Johnson Controls Inc.
• American Electric Technologies Inc. (AETI)
• Rockwell Automation Inc.
• Danfoss India
• General Electric Company
• Honeywell International Inc.
• Hitachi Limited.