The global Variable Frequency Drive market size was valued at USD 15400 million in 2023 and is forecast to a readjusted size of USD 18660 million by 2030 with a CAGR of 2.8% during review period.
Variable frequency Drive (VFD) is an electric power control device which controls AC motor by changing the working power frequency of the motor by using frequency conversion technology and microelectronic technology. The frequency converter is mainly composed of rectifier (AC to DC), filter, inverter (DC to AC), brake unit, drive unit, detection unit, micro-processing unit, etc.
The major players in global Variable frequency Drive (VFD) market include ABB, SIEMENS, Schneider, etc. The top 3 players occupy over 35% shares of the global market. Middle and Low Voltage Frequency Converter is the main type, with a share about 70%. Electric Power is the main application, which holds a share about 30%.
This report includes an overview of the development of the Variable Frequency Drive industry chain, the market status of Oil & Gas (AC Drives, DC Drives), Industrial (AC Drives, DC Drives), and key enterprises in developed and developing market, and analysed the cutting-edge technology, patent, hot applications and market trends of Variable Frequency Drive.
Regionally, the report analyzes the Variable Frequency Drive markets in key regions. North America and Europe are experiencing steady growth, driven by government initiatives and increasing consumer awareness. Asia-Pacific, particularly China, leads the global Variable Frequency Drive market, with robust domestic demand, supportive policies, and a strong manufacturing base.
Key Features:
The report presents comprehensive understanding of the Variable Frequency Drive market. It provides a holistic view of the industry, as well as detailed insights into individual components and stakeholders. The report analysis market dynamics, trends, challenges, and opportunities within the Variable Frequency Drive industry.
The report involves analyzing the market at a macro level:
Market Sizing and Segmentation: Report collect data on the overall market size, including the sales quantity (K Units), revenue generated, and market share of different by Type (e.g., AC Drives, DC Drives).
Industry Analysis: Report analyse the broader industry trends, such as government policies and regulations, technological advancements, consumer preferences, and market dynamics. This analysis helps in understanding the key drivers and challenges influencing the Variable Frequency Drive market.
Regional Analysis: The report involves examining the Variable Frequency Drive market at a regional or national level. Report analyses regional factors such as government incentives, infrastructure development, economic conditions, and consumer behaviour to identify variations and opportunities within different markets.
Market Projections: Report covers the gathered data and analysis to make future projections and forecasts for the Variable Frequency Drive market. This may include estimating market growth rates, predicting market demand, and identifying emerging trends.
The report also involves a more granular approach to Variable Frequency Drive:
Company Analysis: Report covers individual Variable Frequency Drive manufacturers, suppliers, and other relevant industry players. This analysis includes studying their financial performance, market positioning, product portfolios, partnerships, and strategies.
Consumer Analysis: Report covers data on consumer behaviour, preferences, and attitudes towards Variable Frequency Drive This may involve surveys, interviews, and analysis of consumer reviews and feedback from different by Application (Oil & Gas, Industrial).
Technology Analysis: Report covers specific technologies relevant to Variable Frequency Drive. It assesses the current state, advancements, and potential future developments in Variable Frequency Drive areas.
Competitive Landscape: By analyzing individual companies, suppliers, and consumers, the report present insights into the competitive landscape of the Variable Frequency Drive market. This analysis helps understand market share, competitive advantages, and potential areas for differentiation among industry players.
Market Validation: The report involves validating findings and projections through primary research, such as surveys, interviews, and focus groups.
Market Segmentation
Variable Frequency Drive market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value.
Market segment by Type
AC Drives
DC Drives
Servo Drives
Market segment by Application
Oil & Gas
Industrial
Infrastructure
Power Generation
Others
Major players covered
ABB
Siemens
Schneider Electric
Danfoss
Rockwell Automation
Crompton Greaves
Eaton
Fuji Electric
Hitachi
Nidec
Tmeic
Weg
Yaskawa
Market segment by region, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Variable Frequency Drive product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Variable Frequency Drive, with price, sales, revenue and global market share of Variable Frequency Drive from 2019 to 2024.
Chapter 3, the Variable Frequency Drive competitive situation, sales quantity, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Variable Frequency Drive breakdown data are shown at the regional level, to show the sales quantity, consumption value and growth by regions, from 2019 to 2030.
Chapter 5 and 6, to segment the sales by Type and application, with sales market share and growth rate by type, application, from 2019 to 2030.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value and market share for key countries in the world, from 2017 to 2023.and Variable Frequency Drive market forecast, by regions, type and application, with sales and revenue, from 2025 to 2030.
Chapter 12, market dynamics, drivers, restraints, trends and Porters Five Forces analysis.
Chapter 13, the key raw materials and key suppliers, and industry chain of Variable Frequency Drive.
Chapter 14 and 15, to describe Variable Frequency Drive sales channel, distributors, customers, research findings and conclusion.
Please Note - This is an on demand report and will be delivered in 2 business days (48 Hours) post payment.
1 Market Overview
1.1 Product Overview and Scope of Variable Frequency Drive
1.2 Market Estimation Caveats and Base Year
1.3 Market Analysis by Type
1.3.1 Overview: Global Variable Frequency Drive Consumption Value by Type: 2019 Versus 2023 Versus 2030
1.3.2 AC Drives
1.3.3 DC Drives
1.3.4 Servo Drives
1.4 Market Analysis by Application
1.4.1 Overview: Global Variable Frequency Drive Consumption Value by Application: 2019 Versus 2023 Versus 2030
1.4.2 Oil & Gas
1.4.3 Industrial
1.4.4 Infrastructure
1.4.5 Power Generation
1.4.6 Others
1.5 Global Variable Frequency Drive Market Size & Forecast
1.5.1 Global Variable Frequency Drive Consumption Value (2019 & 2023 & 2030)
1.5.2 Global Variable Frequency Drive Sales Quantity (2019-2030)
1.5.3 Global Variable Frequency Drive Average Price (2019-2030)
2 Manufacturers Profiles
2.1 ABB
2.1.1 ABB Details
2.1.2 ABB Major Business
2.1.3 ABB Variable Frequency Drive Product and Services
2.1.4 ABB Variable Frequency Drive Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
2.1.5 ABB Recent Developments/Updates
2.2 Siemens
2.2.1 Siemens Details
2.2.2 Siemens Major Business
2.2.3 Siemens Variable Frequency Drive Product and Services
2.2.4 Siemens Variable Frequency Drive Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
2.2.5 Siemens Recent Developments/Updates
2.3 Schneider Electric
2.3.1 Schneider Electric Details
2.3.2 Schneider Electric Major Business
2.3.3 Schneider Electric Variable Frequency Drive Product and Services
2.3.4 Schneider Electric Variable Frequency Drive Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
2.3.5 Schneider Electric Recent Developments/Updates
2.4 Danfoss
2.4.1 Danfoss Details
2.4.2 Danfoss Major Business
2.4.3 Danfoss Variable Frequency Drive Product and Services
2.4.4 Danfoss Variable Frequency Drive Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
2.4.5 Danfoss Recent Developments/Updates
2.5 Rockwell Automation
2.5.1 Rockwell Automation Details
2.5.2 Rockwell Automation Major Business
2.5.3 Rockwell Automation Variable Frequency Drive Product and Services
2.5.4 Rockwell Automation Variable Frequency Drive Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
2.5.5 Rockwell Automation Recent Developments/Updates
2.6 Crompton Greaves
2.6.1 Crompton Greaves Details
2.6.2 Crompton Greaves Major Business
2.6.3 Crompton Greaves Variable Frequency Drive Product and Services
2.6.4 Crompton Greaves Variable Frequency Drive Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
2.6.5 Crompton Greaves Recent Developments/Updates
2.7 Eaton
2.7.1 Eaton Details
2.7.2 Eaton Major Business
2.7.3 Eaton Variable Frequency Drive Product and Services
2.7.4 Eaton Variable Frequency Drive Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
2.7.5 Eaton Recent Developments/Updates
2.8 Fuji Electric
2.8.1 Fuji Electric Details
2.8.2 Fuji Electric Major Business
2.8.3 Fuji Electric Variable Frequency Drive Product and Services
2.8.4 Fuji Electric Variable Frequency Drive Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
2.8.5 Fuji Electric Recent Developments/Updates
2.9 Hitachi
2.9.1 Hitachi Details
2.9.2 Hitachi Major Business
2.9.3 Hitachi Variable Frequency Drive Product and Services
2.9.4 Hitachi Variable Frequency Drive Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
2.9.5 Hitachi Recent Developments/Updates
2.10 Nidec
2.10.1 Nidec Details
2.10.2 Nidec Major Business
2.10.3 Nidec Variable Frequency Drive Product and Services
2.10.4 Nidec Variable Frequency Drive Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
2.10.5 Nidec Recent Developments/Updates
2.11 Tmeic
2.11.1 Tmeic Details
2.11.2 Tmeic Major Business
2.11.3 Tmeic Variable Frequency Drive Product and Services
2.11.4 Tmeic Variable Frequency Drive Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
2.11.5 Tmeic Recent Developments/Updates
2.12 Weg
2.12.1 Weg Details
2.12.2 Weg Major Business
2.12.3 Weg Variable Frequency Drive Product and Services
2.12.4 Weg Variable Frequency Drive Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
2.12.5 Weg Recent Developments/Updates
2.13 Yaskawa
2.13.1 Yaskawa Details
2.13.2 Yaskawa Major Business
2.13.3 Yaskawa Variable Frequency Drive Product and Services
2.13.4 Yaskawa Variable Frequency Drive Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
2.13.5 Yaskawa Recent Developments/Updates
3 Competitive Environment: Variable Frequency Drive by Manufacturer
3.1 Global Variable Frequency Drive Sales Quantity by Manufacturer (2019-2024)
3.2 Global Variable Frequency Drive Revenue by Manufacturer (2019-2024)
3.3 Global Variable Frequency Drive Average Price by Manufacturer (2019-2024)
3.4 Market Share Analysis (2023)
3.4.1 Producer Shipments of Variable Frequency Drive by Manufacturer Revenue ($MM) and Market Share (%): 2023
3.4.2 Top 3 Variable Frequency Drive Manufacturer Market Share in 2023
3.4.2 Top 6 Variable Frequency Drive Manufacturer Market Share in 2023
3.5 Variable Frequency Drive Market: Overall Company Footprint Analysis
3.5.1 Variable Frequency Drive Market: Region Footprint
3.5.2 Variable Frequency Drive Market: Company Product Type Footprint
3.5.3 Variable Frequency Drive Market: Company Product Application Footprint
3.6 New Market Entrants and Barriers to Market Entry
3.7 Mergers, Acquisition, Agreements, and Collaborations
4 Consumption Analysis by Region
4.1 Global Variable Frequency Drive Market Size by Region
4.1.1 Global Variable Frequency Drive Sales Quantity by Region (2019-2030)
4.1.2 Global Variable Frequency Drive Consumption Value by Region (2019-2030)
4.1.3 Global Variable Frequency Drive Average Price by Region (2019-2030)
4.2 North America Variable Frequency Drive Consumption Value (2019-2030)
4.3 Europe Variable Frequency Drive Consumption Value (2019-2030)
4.4 Asia-Pacific Variable Frequency Drive Consumption Value (2019-2030)
4.5 South America Variable Frequency Drive Consumption Value (2019-2030)
4.6 Middle East and Africa Variable Frequency Drive Consumption Value (2019-2030)
5 Market Segment by Type
5.1 Global Variable Frequency Drive Sales Quantity by Type (2019-2030)
5.2 Global Variable Frequency Drive Consumption Value by Type (2019-2030)
5.3 Global Variable Frequency Drive Average Price by Type (2019-2030)
6 Market Segment by Application
6.1 Global Variable Frequency Drive Sales Quantity by Application (2019-2030)
6.2 Global Variable Frequency Drive Consumption Value by Application (2019-2030)
6.3 Global Variable Frequency Drive Average Price by Application (2019-2030)
7 North America
7.1 North America Variable Frequency Drive Sales Quantity by Type (2019-2030)
7.2 North America Variable Frequency Drive Sales Quantity by Application (2019-2030)
7.3 North America Variable Frequency Drive Market Size by Country
7.3.1 North America Variable Frequency Drive Sales Quantity by Country (2019-2030)
7.3.2 North America Variable Frequency Drive Consumption Value by Country (2019-2030)
7.3.3 United States Market Size and Forecast (2019-2030)
7.3.4 Canada Market Size and Forecast (2019-2030)
7.3.5 Mexico Market Size and Forecast (2019-2030)
8 Europe
8.1 Europe Variable Frequency Drive Sales Quantity by Type (2019-2030)
8.2 Europe Variable Frequency Drive Sales Quantity by Application (2019-2030)
8.3 Europe Variable Frequency Drive Market Size by Country
8.3.1 Europe Variable Frequency Drive Sales Quantity by Country (2019-2030)
8.3.2 Europe Variable Frequency Drive Consumption Value by Country (2019-2030)
8.3.3 Germany Market Size and Forecast (2019-2030)
8.3.4 France Market Size and Forecast (2019-2030)
8.3.5 United Kingdom Market Size and Forecast (2019-2030)
8.3.6 Russia Market Size and Forecast (2019-2030)
8.3.7 Italy Market Size and Forecast (2019-2030)
9 Asia-Pacific
9.1 Asia-Pacific Variable Frequency Drive Sales Quantity by Type (2019-2030)
9.2 Asia-Pacific Variable Frequency Drive Sales Quantity by Application (2019-2030)
9.3 Asia-Pacific Variable Frequency Drive Market Size by Region
9.3.1 Asia-Pacific Variable Frequency Drive Sales Quantity by Region (2019-2030)
9.3.2 Asia-Pacific Variable Frequency Drive Consumption Value by Region (2019-2030)
9.3.3 China Market Size and Forecast (2019-2030)
9.3.4 Japan Market Size and Forecast (2019-2030)
9.3.5 Korea Market Size and Forecast (2019-2030)
9.3.6 India Market Size and Forecast (2019-2030)
9.3.7 Southeast Asia Market Size and Forecast (2019-2030)
9.3.8 Australia Market Size and Forecast (2019-2030)
10 South America
10.1 South America Variable Frequency Drive Sales Quantity by Type (2019-2030)
10.2 South America Variable Frequency Drive Sales Quantity by Application (2019-2030)
10.3 South America Variable Frequency Drive Market Size by Country
10.3.1 South America Variable Frequency Drive Sales Quantity by Country (2019-2030)
10.3.2 South America Variable Frequency Drive Consumption Value by Country (2019-2030)
10.3.3 Brazil Market Size and Forecast (2019-2030)
10.3.4 Argentina Market Size and Forecast (2019-2030)
11 Middle East & Africa
11.1 Middle East & Africa Variable Frequency Drive Sales Quantity by Type (2019-2030)
11.2 Middle East & Africa Variable Frequency Drive Sales Quantity by Application (2019-2030)
11.3 Middle East & Africa Variable Frequency Drive Market Size by Country
11.3.1 Middle East & Africa Variable Frequency Drive Sales Quantity by Country (2019-2030)
11.3.2 Middle East & Africa Variable Frequency Drive Consumption Value by Country (2019-2030)
11.3.3 Turkey Market Size and Forecast (2019-2030)
11.3.4 Egypt Market Size and Forecast (2019-2030)
11.3.5 Saudi Arabia Market Size and Forecast (2019-2030)
11.3.6 South Africa Market Size and Forecast (2019-2030)
12 Market Dynamics
12.1 Variable Frequency Drive Market Drivers
12.2 Variable Frequency Drive Market Restraints
12.3 Variable Frequency Drive Trends Analysis
12.4 Porters Five Forces Analysis
12.4.1 Threat of New Entrants
12.4.2 Bargaining Power of Suppliers
12.4.3 Bargaining Power of Buyers
12.4.4 Threat of Substitutes
12.4.5 Competitive Rivalry
13 Raw Material and Industry Chain
13.1 Raw Material of Variable Frequency Drive and Key Manufacturers
13.2 Manufacturing Costs Percentage of Variable Frequency Drive
13.3 Variable Frequency Drive Production Process
13.4 Variable Frequency Drive Industrial Chain
14 Shipments by Distribution Channel
14.1 Sales Channel
14.1.1 Direct to End-User
14.1.2 Distributors
14.2 Variable Frequency Drive Typical Distributors
14.3 Variable Frequency Drive Typical Customers
15 Research Findings and Conclusion
16 Appendix
16.1 Methodology
16.2 Research Process and Data Source
16.3 Disclaimer
ABB
Siemens
Schneider Electric
Danfoss
Rockwell Automation
Crompton Greaves
Eaton
Fuji Electric
Hitachi
Nidec
Tmeic
Weg
Yaskawa
听
听
*If Applicable.
