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The variable frequency drive (VFD) market is forecasted to grow by USD 7593.37 million during 2023-2028, accelerating at a CAGR of 5.51% during the forecast period. The report on the variable frequency drive (VFD) market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.Speak directly to the analyst to clarify any post sales queries you may have.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing demand from hvac and r applications, growing need for energy-efficient equipment in industrial facilities, and presence of regulations that mandate use of vfds in industries.
The variable frequency drive (VFD) market is segmented as below:
By End-user
- Food and beverage
- Water and wastewater treatment
- Oil and gas
- Power generation
- Automotive and others
By Type
- Low voltage drives
- Medium voltage drives
By Geographical Landscape
- APAC
- Europe
- North America
- Middle East and Africa
- South America
The report on the variable frequency drive (VFD) market covers the following areas:
- Variable frequency drive (VFD) market sizing
- Variable frequency drive (VFD) market forecast
- Variable frequency drive (VFD) market industry analysis
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
Table of Contents
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
List of Exhibits
Executive Summary
The following companies are recognized as the key players in the global variable frequency drive (VFD) market: ABB Ltd., Danfoss AS, Eaton Corp. Plc, Emerson Electric Co., Fuji Electric Co. Ltd., General Electric Co., Hitachi Ltd., Honeywell International Inc., Invertek Drives Ltd., Johnson Controls, Mitsubishi Electric Corp., Nidec Corp., Rockwell Automation Inc., Schaffner Group, Schneider Electric SE, Siemens AG, Spoc Automation Inc., Toshiba Corp., WEG S.A, and Yaskawa Electric Corp..Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is technological advances in vfds."
According to the report, one of the major drivers for this market is the increasing demand from hvac and r applications.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- ABB Ltd.
- Danfoss AS
- Eaton Corp. Plc
- Emerson Electric Co.
- Fuji Electric Co. Ltd.
- General Electric Co.
- Hitachi Ltd.
- Honeywell International Inc.
- Invertek Drives Ltd.
- Johnson Controls
- Mitsubishi Electric Corp.
- Nidec Corp.
- Rockwell Automation Inc.
- Schaffner Group
- Schneider Electric SE
- Siemens AG
- Spoc Automation Inc.
- Toshiba Corp.
- WEG S.A
- Yaskawa Electric Corp.
