by Precedence Research a new report on variable frequency drive market size, share, growth, industry trends, and forecast 2030, covering various industry elements and growth trends helpful for predicting the market’s future. The global variable frequency drive market size was valued at US$ 19.21 billion in 2021. The global variable frequency drive market is projected to reach US$ 43.75 billion by 2030, registering a compound annual growth rate (CAGR) of 9.58% during the forecast period from 2022 to 2030.
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The global variable frequency drive market report offers various segments analysis by size, trends, growth factors, opportunities and key country outlook to 2030. The report offers a detailed analysis and information as per variable frequency drive, market segments helping our readers to get a comprehensive overview of the global market. Several players are planning to focus on developing cost-effective products or services, aiming to maintain a strong foothold in the market.
Variable Frequency Drive Market Report Scope
| Report Coverage | Details |
| Market Size by 2030 | USD 43.75 Billion |
| Growth Rate from 2022 to 2030 | CAGR of 9.58% |
| Asia Pacific Market Share in 2021 | 46% |
| Fastest Growing Market | Latin America |
| Base Year | 2021 |
| Forecast Period | 2022 to 2030 |
| Segments Covered | Product, Power Range, Voltage Type, Application, End User, Geography |
The company profiling of leading market players is included this report with Porter’s five forces analysis and Value Chain analysis. Further, the strategies exercised by the companies for expansion of business through mergers, acquisitions, and other business development measures are discussed in the report. The financial parameters which are assessed include the sales, profits and the overall revenue generated by the key players of Market.
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Some of the prominent players in the variable frequency drive market include:
- ABB Ltd
- Siemens AG
- Danfoss A/S
- Rockwell Automation
- GE Energy Power Conversion
- Toshiba International Corporation
- Schneider Electric
- Mitsubishi Electric Corporation
- Honeywell International Inc.
- Emerson Industrial Automation
- Fuji Electric Co. Ltd
- Johnson Controls Inc.,
- Eaton PLC
- Hitachi Ltd
Variable Frequency Drive Market Segmentation
By Product
- AC Drives
- DC Drives
- Servo Drives
By Power Range
- Micro
- Low
- Medium
- High
By Voltage Type
- Low Voltage
- Medium Voltage
By Application
- Pumps
- Electric Fan
- HVAC
- Conveyors
- Extruders
- Others
By End User
- Oil & gas
- Industrial
- Power
- Infrastructure
Regional Segmentation
- Asia-Pacific [China, Southeast Asia, India, Japan, Korea, Western Asia]
- Europe [Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland]
- North America [United States, Canada, Mexico]
- South America [Brazil, Argentina, Columbia, Chile, Peru]
- Middle East & Africa [GCC, North Africa, South Africa]
Key Questions are
- What are the key factors influencing the variable frequency drive market in each region?
- How much value will the global market generate by the end of the forecast period?
- What will be the CAGR of the global market between 2022 and 2030?
- What would be the Y-o-Y growth trend of the global market between 2022 and 2030?
- What is the future scope and current trends in technologies of the global market?
- What is the revenue of the global market based on segments?
- Which key strategies are used by top players of the global market?
- Which are the leading companies in the global market?
- What are the essential strategies by key stakeholders in the market to expand their geographic presence?
- What are the major advancements witnessed in the global market?
Research Objectives and Research Approach
The comprehensive report on the global variable frequency drive market begins with an overview, followed by the scope and objectives of the study. The report provides detailed explanation of the objectives behind this study and key vendors and distributors operating in the market and regulatory scenario for approval of products. Following this, the report provides detailed explanation of objectives of this study and laid down by accredited agencies in the purview of research in the global variable frequency drive market.
It is followed by market introduction, market dynamics, and an overview of the global market, which includes analysis of market drivers, restraints, and trends pertaining to the global market. Furthermore, Y-o-Y growth analysis with elaborated insights has been provided in order to understand the Y-o-Y growth trend of the global market.
For reading comprehensibility, the report has been compiled in a chapter-wise layout, with each section divided into smaller sections. The report comprises an exhaustive collection of graphs and tables that are appropriately interspersed. Pictorial representation of actual and projected values of key segments is visually appealing to readers. This also allows comparison of the market shares of key segments in the past and at the end of the forecast period.
The report analyzes the global variable frequency drive market in terms of type, application, region and others. Key segments under each criteria are studied at length, and the market share for each of these at the end of 2030 has also been provided. Such valuable insights enable market stakeholders in making informed business decisions for investment in the global market.
Why should you invest in this report?
If you are aiming to enter the global variable frequency drive market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for variable frequency drive are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2022-2030 so that you can plan your strategies to enter this market accordingly.
Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.
Table of Contents
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Variable Frequency Drive Market
5.1. COVID-19 Landscape: Variable Frequency Drive Industry Impact
5.2. COVID 19 – Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Variable Frequency Drive Market, By Product
8.1. Variable Frequency Drive Market, by Product, 2022-2030
8.1.1. AC Drives
8.1.1.1. Market Revenue and Forecast (2017-2030)
8.1.2. DC Drives
8.1.2.1. Market Revenue and Forecast (2017-2030)
8.1.3. Servo Drives
8.1.3.1. Market Revenue and Forecast (2017-2030)
Chapter 9. Global Variable Frequency Drive Market, By Power Range
9.1. Variable Frequency Drive Market, by Power Range, 2022-2030
9.1.1. Micro
9.1.1.1. Market Revenue and Forecast (2017-2030)
9.1.2. Low
9.1.2.1. Market Revenue and Forecast (2017-2030)
9.1.3. Medium
9.1.3.1. Market Revenue and Forecast (2017-2030)
9.1.4. High
9.1.4.1. Market Revenue and Forecast (2017-2030)
Chapter 10. Global Variable Frequency Drive Market, By Voltage Type
10.1. Variable Frequency Drive Market, by Voltage Type, 2022-2030
10.1.1. Low Voltage
10.1.1.1. Market Revenue and Forecast (2017-2030)
10.1.2. Medium Voltage
10.1.2.1. Market Revenue and Forecast (2017-2030)
Chapter 11. Global Variable Frequency Drive Market, By Application
11.1. Variable Frequency Drive Market, by Application, 2022-2030
11.1.1. Pumps
11.1.1.1. Market Revenue and Forecast (2017-2030)
11.1.2. Electric Fan
11.1.2.1. Market Revenue and Forecast (2017-2030)
11.1.3. HVAC
11.1.3.1. Market Revenue and Forecast (2017-2030)
11.1.4. Conveyors
11.1.4.1. Market Revenue and Forecast (2017-2030)
11.1.5. Extruders
11.1.6.1. Market Revenue and Forecast (2017-2030)
11.1.6. Others
11.1.5.1. Market Revenue and Forecast (2017-2030)
Chapter 12. Global Variable Frequency Drive Market, By End User
12.1. Variable Frequency Drive Market, by End User, 2022-2030
12.1.1. Oil & gas
12.1.1.1. Market Revenue and Forecast (2017-2030)
12.1.2. Industrial
12.1.2.1. Market Revenue and Forecast (2017-2030)
12.1.3. Power
12.1.3.1. Market Revenue and Forecast (2017-2030)
12.1.4. Infrastructure
12.1.4.1. Market Revenue and Forecast (2017-2030)
Chapter 13. Global Variable Frequency Drive Market, Regional Estimates and Trend Forecast
13.1. North America
13.1.1. Market Revenue and Forecast, by Product (2017-2030)
13.1.2. Market Revenue and Forecast, by Power Range (2017-2030)
13.1.3. Market Revenue and Forecast, by Voltage Type (2017-2030)
13.1.4. Market Revenue and Forecast, by Application (2017-2030)
13.1.5. Market Revenue and Forecast, by End User (2017-2030)
13.1.6. U.S.
13.1.6.1. Market Revenue and Forecast, by Product (2017-2030)
13.1.6.2. Market Revenue and Forecast, by Power Range (2017-2030)
13.1.6.3. Market Revenue and Forecast, by Voltage Type (2017-2030)
13.1.6.4. Market Revenue and Forecast, by Application (2017-2030)
13.1.7. Market Revenue and Forecast, by End User (2017-2030)
13.1.8. Rest of North America
13.1.8.1. Market Revenue and Forecast, by Product (2017-2030)
13.1.8.2. Market Revenue and Forecast, by Power Range (2017-2030)
13.1.8.3. Market Revenue and Forecast, by Voltage Type (2017-2030)
13.1.8.4. Market Revenue and Forecast, by Application (2017-2030)
13.1.8.5. Market Revenue and Forecast, by End User (2017-2030)
13.2. Europe
13.2.1. Market Revenue and Forecast, by Product (2017-2030)
13.2.2. Market Revenue and Forecast, by Power Range (2017-2030)
13.2.3. Market Revenue and Forecast, by Voltage Type (2017-2030)
13.2.4. Market Revenue and Forecast, by Application (2017-2030)
13.2.5. Market Revenue and Forecast, by End User (2017-2030)
13.2.6. UK
13.2.6.1. Market Revenue and Forecast, by Product (2017-2030)
13.2.6.2. Market Revenue and Forecast, by Power Range (2017-2030)
13.2.6.3. Market Revenue and Forecast, by Voltage Type (2017-2030)
13.2.7. Market Revenue and Forecast, by Application (2017-2030)
13.2.8. Market Revenue and Forecast, by End User (2017-2030)
13.2.9. Germany
13.2.9.1. Market Revenue and Forecast, by Product (2017-2030)
13.2.9.2. Market Revenue and Forecast, by Power Range (2017-2030)
13.2.9.3. Market Revenue and Forecast, by Voltage Type (2017-2030)
13.2.10. Market Revenue and Forecast, by Application (2017-2030)
13.2.11. Market Revenue and Forecast, by End User (2017-2030)
13.2.12. France
13.2.12.1. Market Revenue and Forecast, by Product (2017-2030)
13.2.12.2. Market Revenue and Forecast, by Power Range (2017-2030)
13.2.12.3. Market Revenue and Forecast, by Voltage Type (2017-2030)
13.2.12.4. Market Revenue and Forecast, by Application (2017-2030)
13.2.13. Market Revenue and Forecast, by End User (2017-2030)
13.2.14. Rest of Europe
13.2.14.1. Market Revenue and Forecast, by Product (2017-2030)
13.2.14.2. Market Revenue and Forecast, by Power Range (2017-2030)
13.2.14.3. Market Revenue and Forecast, by Voltage Type (2017-2030)
13.2.14.4. Market Revenue and Forecast, by Application (2017-2030)
13.2.15. Market Revenue and Forecast, by End User (2017-2030)
13.3. APAC
13.3.1. Market Revenue and Forecast, by Product (2017-2030)
13.3.2. Market Revenue and Forecast, by Power Range (2017-2030)
13.3.3. Market Revenue and Forecast, by Voltage Type (2017-2030)
13.3.4. Market Revenue and Forecast, by Application (2017-2030)
13.3.5. Market Revenue and Forecast, by End User (2017-2030)
13.3.6. India
13.3.6.1. Market Revenue and Forecast, by Product (2017-2030)
13.3.6.2. Market Revenue and Forecast, by Power Range (2017-2030)
13.3.6.3. Market Revenue and Forecast, by Voltage Type (2017-2030)
13.3.6.4. Market Revenue and Forecast, by Application (2017-2030)
13.3.7. Market Revenue and Forecast, by End User (2017-2030)
13.3.8. China
13.3.8.1. Market Revenue and Forecast, by Product (2017-2030)
13.3.8.2. Market Revenue and Forecast, by Power Range (2017-2030)
13.3.8.3. Market Revenue and Forecast, by Voltage Type (2017-2030)
13.3.8.4. Market Revenue and Forecast, by Application (2017-2030)
13.3.9. Market Revenue and Forecast, by End User (2017-2030)
13.3.10. Japan
13.3.10.1. Market Revenue and Forecast, by Product (2017-2030)
13.3.10.2. Market Revenue and Forecast, by Power Range (2017-2030)
13.3.10.3. Market Revenue and Forecast, by Voltage Type (2017-2030)
13.3.10.4. Market Revenue and Forecast, by Application (2017-2030)
13.3.10.5. Market Revenue and Forecast, by End User (2017-2030)
13.3.11. Rest of APAC
13.3.11.1. Market Revenue and Forecast, by Product (2017-2030)
13.3.11.2. Market Revenue and Forecast, by Power Range (2017-2030)
13.3.11.3. Market Revenue and Forecast, by Voltage Type (2017-2030)
13.3.11.4. Market Revenue and Forecast, by Application (2017-2030)
13.3.11.5. Market Revenue and Forecast, by End User (2017-2030)
13.4. MEA
13.4.1. Market Revenue and Forecast, by Product (2017-2030)
13.4.2. Market Revenue and Forecast, by Power Range (2017-2030)
13.4.3. Market Revenue and Forecast, by Voltage Type (2017-2030)
13.4.4. Market Revenue and Forecast, by Application (2017-2030)
13.4.5. Market Revenue and Forecast, by End User (2017-2030)
13.4.6. GCC
13.4.6.1. Market Revenue and Forecast, by Product (2017-2030)
13.4.6.2. Market Revenue and Forecast, by Power Range (2017-2030)
13.4.6.3. Market Revenue and Forecast, by Voltage Type (2017-2030)
13.4.6.4. Market Revenue and Forecast, by Application (2017-2030)
13.4.7. Market Revenue and Forecast, by End User (2017-2030)
13.4.8. North Africa
13.4.8.1. Market Revenue and Forecast, by Product (2017-2030)
13.4.8.2. Market Revenue and Forecast, by Power Range (2017-2030)
13.4.8.3. Market Revenue and Forecast, by Voltage Type (2017-2030)
13.4.8.4. Market Revenue and Forecast, by Application (2017-2030)
13.4.9. Market Revenue and Forecast, by End User (2017-2030)
13.4.10. South Africa
13.4.10.1. Market Revenue and Forecast, by Product (2017-2030)
13.4.10.2. Market Revenue and Forecast, by Power Range (2017-2030)
13.4.10.3. Market Revenue and Forecast, by Voltage Type (2017-2030)
13.4.10.4. Market Revenue and Forecast, by Application (2017-2030)
13.4.10.5. Market Revenue and Forecast, by End User (2017-2030)
13.4.11. Rest of MEA
13.4.11.1. Market Revenue and Forecast, by Product (2017-2030)
13.4.11.2. Market Revenue and Forecast, by Power Range (2017-2030)
13.4.11.3. Market Revenue and Forecast, by Voltage Type (2017-2030)
13.4.11.4. Market Revenue and Forecast, by Application (2017-2030)
13.4.11.5. Market Revenue and Forecast, by End User (2017-2030)
13.5. Latin America
13.5.1. Market Revenue and Forecast, by Product (2017-2030)
13.5.2. Market Revenue and Forecast, by Power Range (2017-2030)
13.5.3. Market Revenue and Forecast, by Voltage Type (2017-2030)
13.5.4. Market Revenue and Forecast, by Application (2017-2030)
13.5.5. Market Revenue and Forecast, by End User (2017-2030)
13.5.6. Brazil
13.5.6.1. Market Revenue and Forecast, by Product (2017-2030)
13.5.6.2. Market Revenue and Forecast, by Power Range (2017-2030)
13.5.6.3. Market Revenue and Forecast, by Voltage Type (2017-2030)
13.5.6.4. Market Revenue and Forecast, by Application (2017-2030)
13.5.7. Market Revenue and Forecast, by End User (2017-2030)
13.5.8. Rest of LATAM
13.5.8.1. Market Revenue and Forecast, by Product (2017-2030)
13.5.8.2. Market Revenue and Forecast, by Power Range (2017-2030)
13.5.8.3. Market Revenue and Forecast, by Voltage Type (2017-2030)
13.5.8.4. Market Revenue and Forecast, by Application (2017-2030)
13.5.8.5. Market Revenue and Forecast, by End User (2017-2030)
Chapter 14. Company Profiles
14.1. ABB Ltd
14.1.1. Company Overview
14.1.2. Product Offerings
14.1.3. Financial Performance
14.1.4. Recent Initiatives
14.2. Siemens AG
14.2.1. Company Overview
14.2.2. Product Offerings
14.2.3. Financial Performance
14.2.4. Recent Initiatives
14.3. Danfoss A/S
14.3.1. Company Overview
14.3.2. Product Offerings
14.3.3. Financial Performance
14.3.4. Recent Initiatives
14.4. Rockwell Automation
14.4.1. Company Overview
14.4.2. Product Offerings
14.4.3. Financial Performance
14.4.4. Recent Initiatives
14.5. GE Energy Power Conversion
14.5.1. Company Overview
14.5.2. Product Offerings
14.5.3. Financial Performance
14.5.4. Recent Initiatives
14.6. Toshiba International Corporation
14.6.1. Company Overview
14.6.2. Product Offerings
14.6.3. Financial Performance
14.6.4. Recent Initiatives
14.7. Schneider Electric
14.7.1. Company Overview
14.7.2. Product Offerings
14.7.3. Financial Performance
14.7.4. Recent Initiatives
14.8. Mitsubishi Electric Corporation
14.8.1. Company Overview
14.8.2. Product Offerings
14.8.3. Financial Performance
14.8.4. Recent Initiatives
14.9. Honeywell International Inc.
14.9.1. Company Overview
14.9.2. Product Offerings
14.9.3. Financial Performance
14.9.4. Recent Initiatives
14.10. Emerson Industrial Automation
14.10.1. Company Overview
14.10.2. Product Offerings
14.10.3. Financial Performance
14.10.4. Recent Initiatives
Chapter 15. Research Methodology
15.1. Primary Research
15.2. Secondary Research
15.3. Assumptions
Chapter 16. Appendix
16.1. About Us
16.2. Glossary of Terms
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