The global Variable Frequency Drive (VFD) market size is predicted to grow from US$ 18710 million in 2025 to US$ 21940 million in 2031; it is expected to grow at a CAGR of 2.7% from 2025 to 2031.
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 Variable Frequency Drive (VFD) market is an essential segment within the broader industrial automation and electrical equipment industry. VFDs are used to control the speed, torque, and operation of electric motors by adjusting the frequency and voltage supplied to the motor. They are widely used across various industries, such as manufacturing, oil and gas, power generation, water treatment, HVAC (Heating, Ventilation, and Air Conditioning), and others. The increasing integration of IoT and smart sensors with VFDs is allowing real-time monitoring, predictive maintenance, and remote control. This trend is boosting the VFD market by providing improved system optimization and reducing downtime. Advances in semiconductor technology, such as IGBT (Insulated Gate Bipolar Transistor), are leading to more compact, efficient, and reliable VFDs. This has contributed to the expansion of VFD applications in smaller and medium-sized industries. With the rise of Industry 4.0 and smart factories, VFDs are becoming crucial in enabling connected systems and intelligent motor control within these advanced setups. The upfront investment for VFDs can be high, particularly for medium and high-voltage drives. However, the long-term savings from reduced energy consumption and maintenance can offset this initial cost. Proper installation and maintenance require specialized technical knowledge, which could limit VFD adoption in smaller or less technically advanced industries. The global VFD market is expected to continue growing, driven by the increasing demand for energy-efficient solutions, automation, and advancements in digital technologies. The trend toward green energy solutions and sustainability will likely further boost the adoption of VFDs, particularly in renewable energy systems like wind and solar power, which require effective motor control for optimal performance. In conclusion, the Variable Frequency Drive market is poised for growth, driven by technological advancements, energy-saving initiatives, and the expanding scope of industrial automation. As industries continue to evolve toward more energy-efficient and smart operations, VFDs will play a pivotal role in shaping the future of industrial motor control.
The 鈥淰ariable Frequency Drive (VFD) Industry Forecast鈥� looks at past sales and reviews total world Variable Frequency Drive (VFD) sales in 2024, providing a comprehensive analysis by region and market sector of projected Variable Frequency Drive (VFD) sales for 2025 through 2031. With Variable Frequency Drive (VFD) sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Variable Frequency Drive (VFD) industry.
This Insight Report provides a comprehensive analysis of the global Variable Frequency Drive (VFD) landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Variable Frequency Drive (VFD) portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms鈥� unique position in an accelerating global Variable Frequency Drive (VFD) market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Variable Frequency Drive (VFD) and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Variable Frequency Drive (VFD).
This report presents a comprehensive overview, market shares, and growth opportunities of Variable Frequency Drive (VFD) market by product type, application, key manufacturers and key regions and countries.
Segmentation by Type:
Low Voltage Inverter
Middle Voltage Inverter
High Voltage Inverter
Segmentation by Application:
Power
Mining
Metallurgical Industry
Oil & Gas and Chemicals
Construction
Municipal
Building
Other
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
ABB
Siemens
Rockwell Automation
Yaskawa Electric
Danfoss
Inovance Technology
Schneider Electric
Fuji Electric
Delta Electronics
TMEIC
TECO
GE Power Conversion
INVT
Wolong Holding
Hitachi
Hiconics
Xinfengguang
VEICHI
Nidec
Nancal Technology
Slanvert
Cumark
Key Questions Addressed in this Report
What is the 10-year outlook for the global Variable Frequency Drive (VFD) market?
What factors are driving Variable Frequency Drive (VFD) market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Variable Frequency Drive (VFD) market opportunities vary by end market size?
How does Variable Frequency Drive (VFD) break out by Type, by Application?
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1 Scope of the Report
1.1 Market Introduction
1.2 Years Considered
1.3 Research Objectives
1.4 Market Research Methodology
1.5 Research Process and Data Source
1.6 Economic Indicators
1.7 Currency Considered
1.8 Market Estimation Caveats
2 Executive Summary
2.1 World Market Overview
2.1.1 Global Variable Frequency Drive (VFD) Annual Sales 2020-2031
2.1.2 World Current & Future Analysis for Variable Frequency Drive (VFD) by Geographic Region, 2020, 2024 & 2031
2.1.3 World Current & Future Analysis for Variable Frequency Drive (VFD) by Country/Region, 2020, 2024 & 2031
2.2 Variable Frequency Drive (VFD) Segment by Type
2.2.1 Low Voltage Inverter
2.2.2 Middle Voltage Inverter
2.2.3 High Voltage Inverter
2.3 Variable Frequency Drive (VFD) Sales by Type
2.3.1 Global Variable Frequency Drive (VFD) Sales Market Share by Type (2020-2025)
2.3.2 Global Variable Frequency Drive (VFD) Revenue and Market Share by Type (2020-2025)
2.3.3 Global Variable Frequency Drive (VFD) Sale Price by Type (2020-2025)
2.4 Variable Frequency Drive (VFD) Segment by Application
2.4.1 Power
2.4.2 Mining
2.4.3 Metallurgical Industry
2.4.4 Oil & Gas and Chemicals
2.4.5 Construction
2.4.6 Municipal
2.4.7 Building
2.4.8 Other
2.5 Variable Frequency Drive (VFD) Sales by Application
2.5.1 Global Variable Frequency Drive (VFD) Sale Market Share by Application (2020-2025)
2.5.2 Global Variable Frequency Drive (VFD) Revenue and Market Share by Application (2020-2025)
2.5.3 Global Variable Frequency Drive (VFD) Sale Price by Application (2020-2025)
3 Global by Company
3.1 Global Variable Frequency Drive (VFD) Breakdown Data by Company
3.1.1 Global Variable Frequency Drive (VFD) Annual Sales by Company (2020-2025)
3.1.2 Global Variable Frequency Drive (VFD) Sales Market Share by Company (2020-2025)
3.2 Global Variable Frequency Drive (VFD) Annual Revenue by Company (2020-2025)
3.2.1 Global Variable Frequency Drive (VFD) Revenue by Company (2020-2025)
3.2.2 Global Variable Frequency Drive (VFD) Revenue Market Share by Company (2020-2025)
3.3 Global Variable Frequency Drive (VFD) Sale Price by Company
3.4 Key Manufacturers Variable Frequency Drive (VFD) Producing Area Distribution, Sales Area, Product Type
3.4.1 Key Manufacturers Variable Frequency Drive (VFD) Product Location Distribution
3.4.2 Players Variable Frequency Drive (VFD) Products Offered
3.5 Market Concentration Rate Analysis
3.5.1 Competition Landscape Analysis
3.5.2 Concentration Ratio (CR3, CR5 and CR10) & (2023-2025)
3.6 New Products and Potential Entrants
3.7 Market M&A Activity & Strategy
4 World Historic Review for Variable Frequency Drive (VFD) by Geographic Region
4.1 World Historic Variable Frequency Drive (VFD) Market Size by Geographic Region (2020-2025)
4.1.1 Global Variable Frequency Drive (VFD) Annual Sales by Geographic Region (2020-2025)
4.1.2 Global Variable Frequency Drive (VFD) Annual Revenue by Geographic Region (2020-2025)
4.2 World Historic Variable Frequency Drive (VFD) Market Size by Country/Region (2020-2025)
4.2.1 Global Variable Frequency Drive (VFD) Annual Sales by Country/Region (2020-2025)
4.2.2 Global Variable Frequency Drive (VFD) Annual Revenue by Country/Region (2020-2025)
4.3 Americas Variable Frequency Drive (VFD) Sales Growth
4.4 APAC Variable Frequency Drive (VFD) Sales Growth
4.5 Europe Variable Frequency Drive (VFD) Sales Growth
4.6 Middle East & Africa Variable Frequency Drive (VFD) Sales Growth
5 Americas
5.1 Americas Variable Frequency Drive (VFD) Sales by Country
5.1.1 Americas Variable Frequency Drive (VFD) Sales by Country (2020-2025)
5.1.2 Americas Variable Frequency Drive (VFD) Revenue by Country (2020-2025)
5.2 Americas Variable Frequency Drive (VFD) Sales by Type (2020-2025)
5.3 Americas Variable Frequency Drive (VFD) Sales by Application (2020-2025)
5.4 United States
5.5 Canada
5.6 Mexico
5.7 Brazil
6 APAC
6.1 APAC Variable Frequency Drive (VFD) Sales by Region
6.1.1 APAC Variable Frequency Drive (VFD) Sales by Region (2020-2025)
6.1.2 APAC Variable Frequency Drive (VFD) Revenue by Region (2020-2025)
6.2 APAC Variable Frequency Drive (VFD) Sales by Type (2020-2025)
6.3 APAC Variable Frequency Drive (VFD) Sales by Application (2020-2025)
6.4 China
6.5 Japan
6.6 South Korea
6.7 Southeast Asia
6.8 India
6.9 Australia
6.10 China Taiwan
7 Europe
7.1 Europe Variable Frequency Drive (VFD) by Country
7.1.1 Europe Variable Frequency Drive (VFD) Sales by Country (2020-2025)
7.1.2 Europe Variable Frequency Drive (VFD) Revenue by Country (2020-2025)
7.2 Europe Variable Frequency Drive (VFD) Sales by Type (2020-2025)
7.3 Europe Variable Frequency Drive (VFD) Sales by Application (2020-2025)
7.4 Germany
7.5 France
7.6 UK
7.7 Italy
7.8 Russia
8 Middle East & Africa
8.1 Middle East & Africa Variable Frequency Drive (VFD) by Country
8.1.1 Middle East & Africa Variable Frequency Drive (VFD) Sales by Country (2020-2025)
8.1.2 Middle East & Africa Variable Frequency Drive (VFD) Revenue by Country (2020-2025)
8.2 Middle East & Africa Variable Frequency Drive (VFD) Sales by Type (2020-2025)
8.3 Middle East & Africa Variable Frequency Drive (VFD) Sales by Application (2020-2025)
8.4 Egypt
8.5 South Africa
8.6 Israel
8.7 Turkey
8.8 GCC Countries
9 Market Drivers, Challenges and Trends
9.1 Market Drivers & Growth Opportunities
9.2 Market Challenges & Risks
9.3 Industry Trends
10 Manufacturing Cost Structure Analysis
10.1 Raw Material and Suppliers
10.2 Manufacturing Cost Structure Analysis of Variable Frequency Drive (VFD)
10.3 Manufacturing Process Analysis of Variable Frequency Drive (VFD)
10.4 Industry Chain Structure of Variable Frequency Drive (VFD)
11 Marketing, Distributors and Customer
11.1 Sales Channel
11.1.1 Direct Channels
11.1.2 Indirect Channels
11.2 Variable Frequency Drive (VFD) Distributors
11.3 Variable Frequency Drive (VFD) Customer
12 World Forecast Review for Variable Frequency Drive (VFD) by Geographic Region
12.1 Global Variable Frequency Drive (VFD) Market Size Forecast by Region
12.1.1 Global Variable Frequency Drive (VFD) Forecast by Region (2026-2031)
12.1.2 Global Variable Frequency Drive (VFD) Annual Revenue Forecast by Region (2026-2031)
12.2 Americas Forecast by Country (2026-2031)
12.3 APAC Forecast by Region (2026-2031)
12.4 Europe Forecast by Country (2026-2031)
12.5 Middle East & Africa Forecast by Country (2026-2031)
12.6 Global Variable Frequency Drive (VFD) Forecast by Type (2026-2031)
12.7 Global Variable Frequency Drive (VFD) Forecast by Application (2026-2031)
13 Key Players Analysis
13.1 ABB
13.1.1 ABB Company Information
13.1.2 ABB Variable Frequency Drive (VFD) Product Portfolios and Specifications
13.1.3 ABB Variable Frequency Drive (VFD) Sales, Revenue, Price and Gross Margin (2020-2025)
13.1.4 ABB Main Business Overview
13.1.5 ABB Latest Developments
13.2 Siemens
13.2.1 Siemens Company Information
13.2.2 Siemens Variable Frequency Drive (VFD) Product Portfolios and Specifications
13.2.3 Siemens Variable Frequency Drive (VFD) Sales, Revenue, Price and Gross Margin (2020-2025)
13.2.4 Siemens Main Business Overview
13.2.5 Siemens Latest Developments
13.3 Rockwell Automation
13.3.1 Rockwell Automation Company Information
13.3.2 Rockwell Automation Variable Frequency Drive (VFD) Product Portfolios and Specifications
13.3.3 Rockwell Automation Variable Frequency Drive (VFD) Sales, Revenue, Price and Gross Margin (2020-2025)
13.3.4 Rockwell Automation Main Business Overview
13.3.5 Rockwell Automation Latest Developments
13.4 Yaskawa Electric
13.4.1 Yaskawa Electric Company Information
13.4.2 Yaskawa Electric Variable Frequency Drive (VFD) Product Portfolios and Specifications
13.4.3 Yaskawa Electric Variable Frequency Drive (VFD) Sales, Revenue, Price and Gross Margin (2020-2025)
13.4.4 Yaskawa Electric Main Business Overview
13.4.5 Yaskawa Electric Latest Developments
13.5 Danfoss
13.5.1 Danfoss Company Information
13.5.2 Danfoss Variable Frequency Drive (VFD) Product Portfolios and Specifications
13.5.3 Danfoss Variable Frequency Drive (VFD) Sales, Revenue, Price and Gross Margin (2020-2025)
13.5.4 Danfoss Main Business Overview
13.5.5 Danfoss Latest Developments
13.6 Inovance Technology
13.6.1 Inovance Technology Company Information
13.6.2 Inovance Technology Variable Frequency Drive (VFD) Product Portfolios and Specifications
13.6.3 Inovance Technology Variable Frequency Drive (VFD) Sales, Revenue, Price and Gross Margin (2020-2025)
13.6.4 Inovance Technology Main Business Overview
13.6.5 Inovance Technology Latest Developments
13.7 Schneider Electric
13.7.1 Schneider Electric Company Information
13.7.2 Schneider Electric Variable Frequency Drive (VFD) Product Portfolios and Specifications
13.7.3 Schneider Electric Variable Frequency Drive (VFD) Sales, Revenue, Price and Gross Margin (2020-2025)
13.7.4 Schneider Electric Main Business Overview
13.7.5 Schneider Electric Latest Developments
13.8 Fuji Electric
13.8.1 Fuji Electric Company Information
13.8.2 Fuji Electric Variable Frequency Drive (VFD) Product Portfolios and Specifications
13.8.3 Fuji Electric Variable Frequency Drive (VFD) Sales, Revenue, Price and Gross Margin (2020-2025)
13.8.4 Fuji Electric Main Business Overview
13.8.5 Fuji Electric Latest Developments
13.9 Delta Electronics
13.9.1 Delta Electronics Company Information
13.9.2 Delta Electronics Variable Frequency Drive (VFD) Product Portfolios and Specifications
13.9.3 Delta Electronics Variable Frequency Drive (VFD) Sales, Revenue, Price and Gross Margin (2020-2025)
13.9.4 Delta Electronics Main Business Overview
13.9.5 Delta Electronics Latest Developments
13.10 TMEIC
13.10.1 TMEIC Company Information
13.10.2 TMEIC Variable Frequency Drive (VFD) Product Portfolios and Specifications
13.10.3 TMEIC Variable Frequency Drive (VFD) Sales, Revenue, Price and Gross Margin (2020-2025)
13.10.4 TMEIC Main Business Overview
13.10.5 TMEIC Latest Developments
13.11 TECO
13.11.1 TECO Company Information
13.11.2 TECO Variable Frequency Drive (VFD) Product Portfolios and Specifications
13.11.3 TECO Variable Frequency Drive (VFD) Sales, Revenue, Price and Gross Margin (2020-2025)
13.11.4 TECO Main Business Overview
13.11.5 TECO Latest Developments
13.12 GE Power Conversion
13.12.1 GE Power Conversion Company Information
13.12.2 GE Power Conversion Variable Frequency Drive (VFD) Product Portfolios and Specifications
13.12.3 GE Power Conversion Variable Frequency Drive (VFD) Sales, Revenue, Price and Gross Margin (2020-2025)
13.12.4 GE Power Conversion Main Business Overview
13.12.5 GE Power Conversion Latest Developments
13.13 INVT
13.13.1 INVT Company Information
13.13.2 INVT Variable Frequency Drive (VFD) Product Portfolios and Specifications
13.13.3 INVT Variable Frequency Drive (VFD) Sales, Revenue, Price and Gross Margin (2020-2025)
13.13.4 INVT Main Business Overview
13.13.5 INVT Latest Developments
13.14 Wolong Holding
13.14.1 Wolong Holding Company Information
13.14.2 Wolong Holding Variable Frequency Drive (VFD) Product Portfolios and Specifications
13.14.3 Wolong Holding Variable Frequency Drive (VFD) Sales, Revenue, Price and Gross Margin (2020-2025)
13.14.4 Wolong Holding Main Business Overview
13.14.5 Wolong Holding Latest Developments
13.15 Hitachi
13.15.1 Hitachi Company Information
13.15.2 Hitachi Variable Frequency Drive (VFD) Product Portfolios and Specifications
13.15.3 Hitachi Variable Frequency Drive (VFD) Sales, Revenue, Price and Gross Margin (2020-2025)
13.15.4 Hitachi Main Business Overview
13.15.5 Hitachi Latest Developments
13.16 Hiconics
13.16.1 Hiconics Company Information
13.16.2 Hiconics Variable Frequency Drive (VFD) Product Portfolios and Specifications
13.16.3 Hiconics Variable Frequency Drive (VFD) Sales, Revenue, Price and Gross Margin (2020-2025)
13.16.4 Hiconics Main Business Overview
13.16.5 Hiconics Latest Developments
13.17 Xinfengguang
13.17.1 Xinfengguang Company Information
13.17.2 Xinfengguang Variable Frequency Drive (VFD) Product Portfolios and Specifications
13.17.3 Xinfengguang Variable Frequency Drive (VFD) Sales, Revenue, Price and Gross Margin (2020-2025)
13.17.4 Xinfengguang Main Business Overview
13.17.5 Xinfengguang Latest Developments
13.18 VEICHI
13.18.1 VEICHI Company Information
13.18.2 VEICHI Variable Frequency Drive (VFD) Product Portfolios and Specifications
13.18.3 VEICHI Variable Frequency Drive (VFD) Sales, Revenue, Price and Gross Margin (2020-2025)
13.18.4 VEICHI Main Business Overview
13.18.5 VEICHI Latest Developments
13.19 Nidec
13.19.1 Nidec Company Information
13.19.2 Nidec Variable Frequency Drive (VFD) Product Portfolios and Specifications
13.19.3 Nidec Variable Frequency Drive (VFD) Sales, Revenue, Price and Gross Margin (2020-2025)
13.19.4 Nidec Main Business Overview
13.19.5 Nidec Latest Developments
13.20 Nancal Technology
13.20.1 Nancal Technology Company Information
13.20.2 Nancal Technology Variable Frequency Drive (VFD) Product Portfolios and Specifications
13.20.3 Nancal Technology Variable Frequency Drive (VFD) Sales, Revenue, Price and Gross Margin (2020-2025)
13.20.4 Nancal Technology Main Business Overview
13.20.5 Nancal Technology Latest Developments
13.21 Slanvert
13.21.1 Slanvert Company Information
13.21.2 Slanvert Variable Frequency Drive (VFD) Product Portfolios and Specifications
13.21.3 Slanvert Variable Frequency Drive (VFD) Sales, Revenue, Price and Gross Margin (2020-2025)
13.21.4 Slanvert Main Business Overview
13.21.5 Slanvert Latest Developments
13.22 Cumark
13.22.1 Cumark Company Information
13.22.2 Cumark Variable Frequency Drive (VFD) Product Portfolios and Specifications
13.22.3 Cumark Variable Frequency Drive (VFD) Sales, Revenue, Price and Gross Margin (2020-2025)
13.22.4 Cumark Main Business Overview
13.22.5 Cumark Latest Developments
14 Research Findings and Conclusion
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*If Applicable.