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Variable Frequency Drive - Company Evaluation Report, 2025

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    Report

  • 137 Pages
  • May 2025
  • Region: Global
  • Markets and Markets
  • ID: 6096965
The Variable Frequency Drive Companies Quadrant is a comprehensive industry analysis that provides valuable insights into the global market for variable frequency drives. This quadrant offers a detailed evaluation of key market players, technological advancements, product innovations, and industry trends. Over 140 companies were evaluated, of which the Top 25 variable frequency drive companies were categorized and recognized as the quadrant leaders.

The variable frequency drive (VFD) market is driven by the rising need for enhancing energy efficiency and decreasing energy consumption, particularly in emerging economies like China. This demand is propelled by growth in electricity needs, motion control systems in automated plants, and process optimization in the chemicals industry. However, the sector faces restraints such as high installation and maintenance costs, and the stagnation of the oil and gas industry. Opportunities arise from government regulations promoting sustainability and the integration of the Industrial Internet of Things (IIoT) and robotics in industrial applications.

The 360 Quadrant maps variable frequency drive companies based on criteria such as revenue, geographic presence, growth strategies, investments, and sales strategies for the market presence of the variable frequency drive quadrant. The top criteria for product footprint evaluation included Type (AC drive, DC drive, and servo drive), Voltage (low voltage and medium voltage), and Power Rating (micro power drive (up to 5 kW), low power drive (6-40 kW), medium power drive (41-200 kW), and high-power drive (Above 200 kW)).

Key Players:

Leading players in the variable frequency drive market are ABB (Switzerland), Siemens (Germany), Schneider Electric (France), Danfoss (Denmark), and Rockwell Automation (US).

ABB

ABB is a leader in power and automation solutions, offering a wide range of VFD products through its Motion business segment. The company caters to diverse industries, including automotive, chemicals, and power generation, with a focus on enhancing energy efficiency and operational performance. ABB's strong market positioning is supported by its extensive product portfolio, technological innovations, and strategic agreements, such as its collaboration with Saneago to improve energy efficiency in Brazil's water treatment sector. The company's commitment to sustainability and technological excellence solidifies its status as a key player in the VFD market.

Siemens

Siemens, a global powerhouse in electrification, automation, and digitalization, provides VFD products under its Digital Industries segment. The company emphasizes automation solutions for discrete and process industries, utilizing advanced technologies to enhance operational efficiency. Siemens' strategic acquisitions and product innovations, such as the SINAMICS VFD portfolio, help maintain its competitive edge and expand its market share in key regions. Its focus on integrating IoT and AI-driven maintenance solutions exemplifies its forward-looking approach to addressing market demands.

Schneider Electric

Schneider Electric offers energy and automation solutions aimed at efficiency and sustainability. Through its Industrial Automation segment, Schneider delivers VFD solutions that address the needs of a wide array of industries, including energy management and control. The company's emphasis on developing cutting-edge products and its robust distribution network enable it to maintain a strong presence in the market. Schneider Electric's continued investment in R&D and strategic partnerships strengthens its leadership position and enhances its ability to meet customers' evolving needs.

Table of Contents

1 Introduction
1.1 Market Definition
1.2 Inclusions and Exclusions
1.3 Stakeholders
2 Executive Summary
3 Market Overview
3.1 Introduction
3.2 Market Dynamics
3.2.1 Drivers
3.2.1.1 Rising Need for Enhancing Energy Efficiency and Decreasing Energy Consumption
3.2.1.2 Increasing Need for Motion Control Systems in Automated Production Plants
3.2.1.3 Growing Need for Energy Efficiency and Process Optimization in Chemicals Industry
3.2.2 Restraints
3.2.2.1 High Installation and Maintenance Costs
3.2.2.2 Stagnant Growth of Oil & Gas Industry
3.2.3 Opportunities
3.2.3.1 Government Regulations for Sustainability
3.2.3.2 Growing Use of Industrial Internet of Things and Robotics Technologies
3.2.4 Challenges
3.2.4.1 Lack of Skilled Workforce for Installation, Programming, and Maintenance of Variable Frequency Drives
3.3 Trends/Disruptions Impacting Customer Business
3.4 Value Chain Analysis
3.4.1 Raw Material Providers/Component Manufacturers/Suppliers
3.4.2 Variable Frequency Drive Manufacturers/Assemblers
3.4.3 Distributors/ Resellers
3.4.4 End-users
3.4.5 Maintenance/Service Providers
3.5 Ecosystem Analysis
3.6 Patent Analysis
3.7 Key Conferences and Events, 2025
3.7.1 Regulatory Bodies, Government Agencies, and Other Organizations
3.8 Porter's Five Forces Analysis
3.8.1 Threat of Substitutes
3.8.2 Bargaining Power of Suppliers
3.8.3 Bargaining Power of Buyers
3.8.4 Threat of New Entrants
3.8.5 Intensity of Competitive Rivalry
4 Competitive Landscape
4.1 Overview
4.2 Key Player Strategies/Right to Win, 2020-2025
4.3 Revenue Analysis, 2019-2023
4.4 Market Share Analysis, 2023
4.5 Company Valuation and Financial Metrics, 2025
4.6 Brand/Product Comparison
4.7 Company Evaluation Matrix: Key Players, 2023
4.7.1 Stars
4.7.2 Emerging Leaders
4.7.3 Pervasive Players
4.7.4 Participants
4.7.5 Company Footprint: Key Players, 2023
4.7.5.1 Company Footprint
4.7.5.2 Region Footprint
4.7.5.3 Power Rating Footprint
4.7.5.4 Type Footprint
4.7.5.5 Application Footprint
4.8 Company Evaluation Matrix: Startups/SMEs, 2023
4.8.1 Progressive Companies
4.8.2 Responsive Companies
4.8.3 Dynamic Companies
4.8.4 Starting Blocks
4.8.5 Competitive Benchmarking: Startups/SMEs, 2023
4.8.5.1 List of Key Startups/SMEs
4.8.5.2 Competitive Benchmarking of Key Startups/SMEs
4.9 Competitive Scenario
4.9.1 Product Launches
4.9.2 Deals
4.9.3 Expansions
4.9.4 Other Developments
5 Company Profiles
5.1 Key Players
5.1.1 ABB
5.1.1.1 Business Overview
5.1.1.2 Products/Services/Solutions Offered
5.1.1.3 Recent Developments
5.1.1.3.1 Product Launches
5.1.1.3.2 Deals
5.1.1.3.3 Expansions
5.1.1.4 Analyst's View
5.1.1.4.1 Right to Win
5.1.1.4.2 Strategic Choices
5.1.1.4.3 Weaknesses and Competitive Threats
5.1.2 Siemens
5.1.2.1 Business Overview
5.1.2.2 Products/Services/Solutions Offered
5.1.2.3 Recent Developments
5.1.2.3.1 Product Launches
5.1.2.3.2 Deals
5.1.2.3.3 Others
5.1.2.4 Analyst's View
5.1.2.4.1 Right to Win
5.1.2.4.2 Strategic Choices
5.1.2.4.3 Weaknesses and Competitive Threats
5.1.3 Schneider Electric
5.1.3.1 Business Overview
5.1.3.2 Products/Services/Solutions Offered
5.1.3.3 Recent Developments
5.1.3.3.1 Product Launches
5.1.3.3.2 Deals
5.1.3.3.3 Other Developments
5.1.3.4 Analyst's View
5.1.3.4.1 Right to Win
5.1.3.4.2 Strategic Choices
5.1.3.4.3 Weaknesses and Competitive Threats
5.1.4 Danfoss
5.1.4.1 Business Overview
5.1.4.2 Products/Solutions/Services Offered
5.1.4.3 Recent Developments
5.1.4.3.1 Product Launches
5.1.4.3.2 Deals
5.1.4.4 Analyst's View
5.1.4.4.1 Right to Win
5.1.4.4.2 Strategic Choices
5.1.4.4.3 Weaknesses and Competitive Threats
5.1.5 Rockwell Automation
5.1.5.1 Business Overview
5.1.5.2 Products/Services/Solutions Offered
5.1.5.3 Recent Developments
5.1.5.3.1 Product Launches
5.1.5.3.2 Deals
5.1.5.4 Analyst's View
5.1.5.4.1 Right to Win
5.1.5.4.2 Strategic Choices
5.1.5.4.3 Weaknesses and Competitive Threats
5.1.6 Eaton
5.1.6.1 Business Overview
5.1.6.2 Products/Services/Solutions Offered
5.1.6.3 Recent Developments
5.1.6.3.1 Product Launches
5.1.6.3.2 Deals
5.1.7 Fuji Electric
5.1.7.1 Business Overview
5.1.7.2 Products/Services/Solutions Offered
5.1.7.3 Recent Developments
5.1.7.3.1 Product Launches
5.1.7.3.2 Expansions
5.1.8 Hitachi, Ltd.
5.1.8.1 Business Overview
5.1.8.2 Products/Services/Solutions Offered
5.1.9 General Electric
5.1.9.1 Business Overview
5.1.9.2 Products/Services/Solutions Offered
5.1.9.3 Recent Developments
5.1.9.3.1 Deals
5.1.10 Nidec Corporation
5.1.10.1 Business Overview
5.1.10.2 Products/Services/Solutions Offered
5.1.10.3 Recent Developments
5.1.10.3.1 Product Launches
5.1.10.3.2 Deals
5.1.10.3.3 Expansions
5.1.11 Weg SA
5.1.11.1 Business Overview
5.1.11.2 Products/Solutions/Services Offered
5.1.11.3 Recent Developments
5.1.11.3.1 Product Launches
5.1.11.3.2 Deals
5.1.11.3.3 Expansions
5.1.12 Yaskawa Electric Corporation
5.1.12.1 Business Overview
5.1.12.2 Products/Solutions/Services Offered
5.1.12.3 Recent Developments
5.1.12.3.1 Product Launches
5.1.12.3.2 Expansions
5.1.13 Honeywell International Inc.
5.1.13.1 Business Overview
5.1.13.2 Products/Services/Solutions Offered
5.1.13.3 Recent Developments
5.1.13.3.1 Expansions
5.1.14 Parker Hannifin Corp
5.1.14.1 Business Overview
5.1.14.2 Products/Services/Solutions Offered
5.1.14.3 Recent Developments
5.1.14.3.1 Product Launches
5.1.15 Delta Electronics, Inc.
5.1.15.1 Business Overview
5.1.15.2 Products/Services/Solutions Offered
5.1.15.3 Recent Developments
5.1.15.3.1 Expansions
5.2 Other Players
5.2.1 Sumitomo Heavy Industries, Ltd.
5.2.2 Cg Power and Industrial Solutions Limited
5.2.3 Tmeic
5.2.4 Anaheim Automation
5.2.5 Sew-Eurodrive
5.2.6 Nord Drive Systems
5.2.7 Inovance Technology
5.2.8 Techsuppen
5.2.9 Shenzhen Gozuk
5.2.10 Saksun Industries
6 Appendix
6.1 Research Methodology
6.1.1 Research Data
6.1.1.1 Secondary Data
6.1.1.2 Primary Data
6.1.2 Risk Analysis
6.1.3 Research Assumptions
6.1.4 Research Limitations
6.2 Company Evaluation Matrix: Methodology
List of Tables
Table 1 Inclusions and Exclusions
Table 2 Variable Frequency Drive Market Snapshot
Table 3 Opec+ Crude Oil Production (Million Barrels Per Day)
Table 4 Companies and Their Roles in Variable Frequency Drive Ecosystem
Table 5 List of Major Patents, 2020-2022
Table 6 Key Conferences and Events, 2025
Table 7 North America: Regulatory Bodies, Government Agencies, and Other Organizations
Table 8 Europe: Regulatory Bodies, Government Agencies, and Other Organizations
Table 9 Asia-Pacific: Regulatory Bodies, Government Agencies, and Other Organizations
Table 10 Impact of Porter's Five Forces on Variable Frequency Drive Market
Table 11 Variable Frequency Drive Market: Overview of Strategies Adopted by Key Players, 2020-2025
Table 12 Variable Frequency Drive Market: Degree of Competition, 2023
Table 13 Variable Frequency Drive Market: Region Footprint
Table 14 Variable Frequency Drive Market: Power Rating Footprint
Table 15 Variable Frequency Drive Market: Type Footprint
Table 16 Variable Frequency Drive Market: Application Footprint
Table 17 Variable Frequency Drive Market: List of Key Startups/SMEs
Table 18 Variable Frequency Drive Market: Competitive Benchmarking of Key Startups/SMEs
Table 19 Variable Frequency Drive Market: Product Launches, August 2020- January 2025
Table 20 Variable Frequency Drive Market: Deals, May 2020-November 2024
Table 21 Variable Frequency Drive Market: Expansions, January 2022- January 2025
Table 22 Variable Frequency Drive Market: Other Developments, January 2020- May 2024
Table 23 ABB: Company Overview
Table 24 ABB: Products/Services/Solutions Offered
Table 25 ABB: Product Launches
Table 26 ABB: Deals
Table 27 ABB: Expansions
Table 28 Siemens: Company Overview
Table 29 Siemens: Products/Services/Solutions Offered
Table 30 Siemens: Product Launches
Table 31 Siemens: Deals
Table 32 Siemens: Others
Table 33 Schneider Electric: Company Overview
Table 34 Schneider Electric: Products/Services/Solutions Offered
Table 35 Schneider Electric: Product Launches
Table 36 Schneider Electric: Deals
Table 37 Schneider Electric: Other Developments
Table 38 Danfoss: Company Overview
Table 39 Danfoss: Products/Services/Solutions Offered
Table 40 Danfoss: Product Launches
Table 41 Danfoss: Deals
Table 42 Rockwell Automation: Company Overview
Table 43 Rockwell Automation: Products/Services/Solutions Offered
Table 44 Rockwell Automation: Product Launches
Table 45 Rockwell Automation: Deals
Table 46 Eaton: Company Overview
Table 47 Eaton: Products/Services/Solutions Offered
Table 48 Eaton: Product Launches
Table 49 Eaton: Deals
Table 50 Fuji Electric: Company Overview
Table 51 Fuji Electric: Products/Services/Solutions Offered
Table 52 Fuji Electric: Product Launches
Table 53 Fuji Electric: Expansions
Table 54 Hitachi, Ltd.: Company Overview
Table 55 Hitachi, Ltd.: Products/Services/Solutions Offered
Table 56 General Electric: Company Overview
Table 57 General Electric: Products/Services/Solutions Offered
Table 58 General Electric: Deals
Table 59 Nidec Corporation: Company Overview
Table 60 Nidec Corporation: Products/Services/Solutions Offered
Table 61 Nidec Corporation: Product Launches
Table 62 Nidec Corporation: Deals
Table 63 Nidec Corporation: Expansions
Table 64 Weg SA: Company Overview
Table 65 Weg SA: Products/Services/Solutions Offered
Table 66 Weg SA: Product Launches
Table 67 Weg SA: Deals
Table 68 Weg SA: Expansions
Table 69 Yaskawa Electric Corporation: Company Overview
Table 70 Yaskawa Electric Corporation: Products/Services/Solutions Offered
Table 71 Yaskawa Electric Corporation: Product Launches
Table 72 Yaskawa Electric Corporation: Expansions
Table 73 Honeywell International Inc.: Company Overview
Table 74 Honeywell International Inc.: Products/Services/Solutions Offered
Table 75 Honeywell International Inc.: Expansions
Table 76 Parker Hannifin Corp: Company Overview
Table 77 Parker Hannifin Corp: Products/Services/Solutions Offered
Table 78 Parker Hannifin Corp: Product Launches
Table 79 Delta Electronics, Inc.: Company Overview
Table 80 Delta Electronics, Inc.: Products/Services/Solutions Offered
Table 81 Delta Electronics, Inc.: Expansions
List of Figures
Figure 1 Asia-Pacific to Record Highest CAGR During Forecast Period
Figure 2 AC Drive Segment to Account for Largest Share by 2030
Figure 3 Medium Voltage Segment to Grow at Higher CAGR Than Low Voltage During Forecast Period
Figure 4 Pumps Segment to Lead Market During Forecast Period
Figure 5 Low Power Drive Segment to Capture Largest Market by 2030
Figure 6 Power Segment to Record Highest CAGR During Forecast Period
Figure 7 Drivers, Restraints, Opportunities, and Challenges in Variable Frequency Drive Market
Figure 8 US: Electricity Generation by Major Energy Sources
Figure 9 Operational Stock of Industrial Robots Worldwide, 2019-2023
Figure 10 Trends/Disruptions Impacting Customer Business
Figure 11 Variable Frequency Drive Market: Value Chain Analysis
Figure 12 Variable Frequency Drive Market: Ecosystem Analysis
Figure 13 Patents Applied and Granted, 2014-2024
Figure 14 Variable Frequency Drive Market: Porter's Five Forces Analysis
Figure 15 Variable Frequency Drive Market: Revenue Analysis Of
5 Key Players, 2019-2023
Figure 16 Market Share Analysis of Companies Offering Variable Frequency Drives, 2023
Figure 17 Company Valuation, 2025
Figure 18 Financial Metrics (EV/Ebitda), 2025
Figure 19 Brand/Product Comparison
Figure 20 Variable Frequency Drive Market: Company Evaluation Matrix (Key Players), 2023
Figure 21 Variable Frequency Drive Market: Company Footprint
Figure 22 Variable Frequency Drive Market: Company Evaluation Matrix (Startups/SMEs), 2023
Figure 23 ABB: Company Snapshot
Figure 24 Siemens: Company Snapshot
Figure 25 Schneider Electric: Company Snapshot
Figure 26 Danfoss: Company Snapshot
Figure 27 Rockwell Automation: Company Snapshot
Figure 28 Eaton: Company Snapshot
Figure 29 Fuji Electric: Company Snapshot
Figure 30 Hitachi, Ltd.: Company Snapshot
Figure 31 General Electric: Company Snapshot
Figure 32 Nidec Corporation: Company Snapshot
Figure 33 Weg SA: Company Snapshot
Figure 34 Yaskawa Electric Corporation: Company Snapshot
Figure 35 Honeywell International Inc.: Company Snapshot
Figure 36 Parker Hannifin Corp: Company Snapshot
Figure 37 Delta Electronics, Inc.: Company Snapshot
Figure 38 Variable Frequency Drive Market: Research Design

Companies Mentioned

  • ABB
  • Siemens
  • Schneider Electric
  • Danfoss
  • Rockwell Automation
  • Eaton
  • Fuji Electric
  • Hitachi, Ltd.
  • General Electric
  • Nidec Corporation
  • Weg SA
  • Yaskawa Electric Corporation
  • Honeywell International Inc.
  • Parker Hannifin Corp
  • Delta Electronics, Inc.
  • Sumitomo Heavy Industries, Ltd.
  • Cg Power and Industrial Solutions Limited
  • Tmeic
  • Anaheim Automation
  • Sew-Eurodrive
  • Nord Drive Systems
  • Inovance Technology
  • Techsuppen
  • Shenzhen Gozuk
  • Saksun Industries