Global Variable Frequency Drive Market was valued at USD 9.41 billion in 2019 which is expected to reach USD 15.44 billion by 2030 at a CAGR 4.5%.
Variable frequency drive is solid state regulators or controllers which drive the motor by varying frequency and voltage transmitted through electric motor. These drives are widely installed in industrial infrastructure on AC electronic Motors. Variable frequency drives market is growing due to rapid industrialization and urbanization, along with increase in usage of VFDs across major industry vertical.
Increase in demand for renewable energy integration along with stringent directives & standards toward energy efficiency is expected to drive the global variable frequency drive market growth. Furthermore, Rapid industrialization and Urbanization across the developing economics will have the positive impact on global variable frequency drive market growth. Moreover, rise in investments towards smart and reliable infrastructure is expected to propel the demand for variable frequency drive across the world. Also, continuous technological advancements will boost the global variable frequency drive market growth during this forecast period.
However, technical concerns and high cost of equipment is the challenging factor for market which is expected to hamper the global variable frequency drive market growth.
As China is one major raw material supplier and finished products due to COVID 19 pandemic many government implemented travel restrictions across the world which have led to declining the global variable frequency drive market growth.
Global Variable Frequency Drive Market is segmented into product type such as DC Drives, AC Drives, and servo Drives, by application such as Extruders, HVAC, Conveyors, Electric Fans, Pumps, and Others. Further, Global Variable Frequency Drive Market is segmented into end user such as Food & Beverages, Automotive, Infrastructure, Industrial, Power Generation, and Oil & Gas.
Also, Global Variable Frequency Drive Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
Various key players are discussed in this report such as WEG SA, TMEIC, NIDEC, Hitachi, Fuji, Eaton, Crompton Greaves, Rockwell, Danfoss, Schneider Electric Siemens, and ABB.
By Application
By End Use
By Region
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Variable Frequency Drive Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Variable Frequency Drive Market, By Product Type
5.1 Y-o-Y Growth Comparison, By Product Type
5.2 Global Variable Frequency Drive Market Share Analysis, By Product Type
5.3 Global Variable Frequency Drive Market Size and Forecast, By Product Type
5.3.1 DC Drives
5.3.2AC Drives
5.3.3Servo Drives
6 Global Variable Frequency Drive Market, By Application
6.1 Y-o-Y Growth Comparison, By Application
6.2 Global Variable Frequency Drive Market Share Analysis, By Application
6.3 Global Variable Frequency Drive Market Size and Forecast, By Application
6.3.1 Extruders
6.3.2 HVAC
6.3.3Conveyors
6.3.4 Electric Fans
6.3.5Pumps
6.3.6Others
7 Global Variable Frequency Drive Market, By End User
7.1 Y-o-Y Growth Comparison, By End User
7.2 Global Variable Frequency Drive Market Share Analysis, By End User
7.3 Global Variable Frequency Drive Market Size and Forecast, By End User
7.3.1 Food & Beverages
7.3.2 Automotive
7.3.3Infrastructure
7.3.4Industrial
7.3.5Power Generation
7.3.6Oil & Gas
8 Global Variable Frequency Drive Market, By Region
8.1 Global Variable Frequency Drive Market Share Analysis, By Region
8.2 Global Variable Frequency Drive Market Share Analysis, By Region
8.3 Global Variable Frequency Drive Market Size and Forecast, By Region
9 North America Variable Frequency Drive Market Analysis and Forecast (2017 – 2030)
9.1 Introduction
9.2 North America Variable Frequency Drive Market Share Analysis, By Product Type
9.3 North America Variable Frequency Drive Market Size and Forecast, By Application
9.4 North America Variable Frequency Drive Market Size and Forecast, By End User
9.5 North America Variable Frequency Drive Market Size and Forecast, By Country
9.5.1 U.S.
9.5.2 Canada
9.5.3 Mexico
10 Europe Variable Frequency Drive Market Analysis and Forecast (2017 – 2030)
10.1 Introduction
10.2 Europe Variable Frequency Drive Market Share Analysis, By Product Type
10.3 Europe Variable Frequency Drive Market Size and Forecast, By Application
10.4 Europe Variable Frequency Drive Market Size and Forecast, By End User
10.5 Europe Variable Frequency Drive Market Size and Forecast, By Country
10.5.1 Germany
10.5.2 France
10.5.3 UK
10.5.4. Rest of Europe
11 Asia Pacific Variable Frequency Drive Market Analysis and Forecast (2017 – 2030)
11.1 Introduction
11.2 Asia Pacific Variable Frequency Drive Market Share Analysis, By Product Type
11.3 Asia Pacific Variable Frequency Drive Market Size and Forecast, By Application
11.4 Asia Pacific Variable Frequency Drive Market Size and Forecast, By End User
11.5 Asia Pacific Variable Frequency Drive Market Size and Forecast, By Country
11.5.1 China
11.5.2 Japan
11.5.3 India
11.5.4. Rest of Asia Pacific
12 Latin America Variable Frequency Drive Market Analysis and Forecast (2017 – 2030)
12.1 Introduction
12.2 Latin America Variable Frequency Drive Market Share Analysis, By Product Type
12.3 Latin America Variable Frequency Drive Market Size and Forecast, By Application
12.4 Latin America Variable Frequency Drive Market Size and Forecast, By End User
12.5 Latin America Variable Frequency Drive Market Size and Forecast, Country
13 Middle East Variable Frequency Drive Market Analysis and Forecast (2017 – 2030)
13.1 Introduction
13.2 Middle East Variable Frequency Drive Market Share Analysis, By Product Type
13.3 Middle East Variable Frequency Drive Market Size and Forecast, By Application
13.4 Middle East Variable Frequency Drive Market Size and Forecast, By End User
13.5 Middle East Variable Frequency Drive Market Size and Forecast, By Country
14 Competitive Analysis
14.1 Competition Dashboard
14.2 Market share Analysis of Top Vendors
14.3 Key Development Strategies
15 Company Profiles
15.1 WEG SA
15.1.1 Overview
15.1.2 Offerings
15.1.3 Key Financials
15.1.4 Business Segment & Geographic Overview
15.1.5 Key Market Developments
15.1.6 Key Strategies
15.2 TMEIC
15.2.1 Overview
15.2.2 Offerings
15.2.3 Key Financials
15.2.4 Business Segment & Geographic Overview
15.2.5 Key Market Developments
15.2.6 Key Strategies
15.3 NIDEC
15.3.1 Overview
15.3.2 Offerings
15.3.3 Key Financials
15.3.4 Business Segment & Geographic Overview
15.3.5 Key Market Developments
15.3.6 Key Strategies
15.4 Hitachi
15.4.1 Overview
15.4.2 Offerings
15.4.3 Key Financials
15.4.4 Business Segment & Geographic Overview
15.4.5 Key Market Developments
15.4.6 Key Strategies
15.5 Fuji,
15.5.1 Overview
15.5.2 Offerings
15.5.3 Key Financials
15.5.4 Business Segment & Geographic Overview
15.5.5 Key Market Developments
15.5.6 Key Strategies
15.6 Eaton,
15.6.1 Overview
15.6.2 Offerings
15.6.3 Key Financials
15.6.4 Business Segment & Geographic Overview
15.6.5 Key Market Developments
15.6.6 Key Strategies
15.7 Crompton Greaves
15.7.1 Overview
15.7.2 Offerings
15.7.3 Key Financials
15.7.4 Business Segment & Geographic Overview
15.7.5 Key Market Developments
15.7.6 Key Strategies
15.8 Rockwell
15.8.1 Overview
15.8.2 Offerings
15.8.3 Key Financials
15.8.4 Business Segment & Geographic Overview
15.8.5 Key Market Developments
15.8.6 Key Strategies
15.9 Danfoss
15.9.1 Overview
15.9.2 Offerings
15.9.3 Key Financials
15.9.4 Business Segment & Geographic Overview
15.9.5 Key Market Developments
15.9.6 Key Strategies
15.10 Schneider Electric Siemens
15.10.1 Overview
15.10.2 Offerings
15.10.3 Key Financials
15.10.4 Business Segment & Geographic Overview
15.10.5 Key Market Developments
15.10.6 Key Strategies
15.11 ABB
15.11.1 Overview
15.11.2 Offerings
15.11.3 Key Financials
15.11.4 Business Segment & Geographic Overview
15.11.5 Key Market Developments
15.11.6 Key Strategies
