Industry Overview
The Variable Frequency Drive is at 15.7Billion in 2019 and is expected to reach 23.7Billion by 2030. The Variable Frequency Drive is driven by factors such as increasing demand in end-use industries, technological advancements, research and development (R&D), economic growth, and increasing global trade. ABB, Siemens, Schneider Electric, Mitsubishi Electric, Rockwell Automation, Danfoss, Yaskawa, Honeywell, Emerson, Fuji Electric, Hitachi, Toshiba, Rexnord, and others are some of the key players in the market.Variable Frequency Drive Market Size in (USD Billion) CAGR Growth Rate 6.30%
| Study Period | 2024-2030 |
| Market Size (2019): | 15.7Billion |
| Market Size (2030): | 23.7Billion |
| CAGR (2019 - 2030): | 6.30% |
| Fastest Growing Region | North America |
| Dominating Region | Europe |
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The Variable Frequency Drive (VFD) Market refers to the demand for electrical devices used to control the speed and torque of electric motors by varying the frequency of the electrical power supplied to them. VFDs are commonly used in industrial, commercial, and residential applications to improve energy efficiency, reduce motor wear, and enhance performance. The market is driven by the increasing demand for energy-saving technologies and the growing use of electric motors in various industries such as manufacturing, HVAC, water treatment, and transportation. VFDs enable precise control of motor speed, leading to reduced energy consumption and operational costs. As industries focus on sustainability and energy efficiency, the adoption of VFDs is growing. Additionally, technological advancements in motor control systems and automation are further contributing to the growth of the variable frequency drive market.
Key Players
Several key players in the Variable Frequency Drive market are strategically focusing on expanding their operations in developing regions to capture a larger market share, particularly as the year-on-year growth rate for the market stands at 6.60%. The companies featured in this profile were selected based on insights from primary experts, evaluating their market penetration, product offerings, and geographical reach. By targeting emerging markets, these companies aim to leverage new opportunities, enhance their competitive advantage, and drive revenue growth. This approach not only aligns with their overall business objectives but also positions them to respond effectively to the evolving demands of consumers in these regions.- ABB
- Siemens
- Schneider Electric
- Mitsubishi Electric
- Rockwell Automation
- Danfoss
- Yaskawa
- Honeywell
- Emerson
- Fuji Electric
- Hitachi
- Toshiba
- Rexnord
Variable Frequency Drive Market Segmentation by Players
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Market Dynamics
Market Driver- Improving Energy Efficiency
Market Trends
- Increasing automation in industries
Opportunity
- Optimizing Industrial Processes
Challenges
- Cost
Key Highlights
- The Variable Frequency Drive is growing at a 6.30% during the forecasted period of 2024 to 2030
- Based on type, the market is bifurcated into AC drives
- Based on application, the market is segmented into Controlling motor speed and torque in industrial applications
- Global Import Export in terms of K Tons, K Units, and Metric Tons will be provided if Applicable based on industry best practice
Market Segmentation Overview
- Type Segmentation: categorizes products by their specific variants, helping businesses identify demand drivers and innovate effectively.
- Application Segmentation: Divides the market based on product usage across industries, enabling targeted marketing and growth identification.
- Geographic Segmentation: Segments the market by location, allowing for tailored strategies based on regional preferences and economic factors.
- Customer Segmentation: Focuses on demographics like age, gender, and income, enabling personalized marketing and improved customer targeting.
- Distribution Channel Segmentation: categorizes by how products reach customers, optimizing supply chain and sales strategies.
Market Segmentation
Segmentation by Type
- AC drives
Segmentation by Application
- Controlling motor speed and torque in industrial applications
This report also splits the market by region:
Regions
- North America
- LATAM
- West Europe
- Central & Eastern Europe
- Northern Europe
- Southern Europe
- East Asia
- Southeast Asia
- South Asia
- Central Asia
- Oceania
- MEA
Fastest Growing Region
North America
Dominating Region
Europe
Primary & Secondary Approach
The Variable Frequency Drive is analyzed by both primary and secondary research sources. There are numerous methodologies available to navigate and utilize these resources effectively:Surveys and Questionnaires: Getting feedback from healthcare professionals, patients, or any other stakeholders on a particular topic. It is a great method to collect quantitative data on behaviors, preferences, and/or experiences.
One on Ones: Interviews with key stakeholders, including physicians, nurses, and administrators can yield rich qualitative data. The interviews can be divided into structured, semi-structured, or unstructured.
Focus Groups: Pull together small numbers of people who share a common characteristic, trait, or behavior to discuss particular topics. Focus Groups: This offers qualitative data and points of view that are often overlooked, such as attitudes, perceptions, or other statements relating to a specific platform.
Observational Studies: Understanding healthcare practices and patient interactions in the way we do it can say a lot more than what people formally report doing.
Field Studies: This method allows researchers to collect data firsthand from healthcare settings, including hospitals, clinics, and even home. It is a way to touch and feel the context that drives service delivery in healthcare.
Secondary Research in Variable Frequency Drive
Secondary research is a kind of revising, restructuring, and rethinking what has already been collected by primary sources. Such research is beneficial as long as it comes at a low cost and gives an overarching view of the market. Some of the important methods include:
Literature Review: To go through the research papers, articles, and studies published in medical journals, industry reports, and academic publications. This is crucial for understanding the study landscape and identifying knowledge deficits.
Reports From the Industry: It aims in examining reports published by Market Research firms, Healthcare Associations, and Government bodies. This report can also be used by all stakeholders including service providers and delivery chains across the world to identify market opportunities in an undetermined depth.
Public Health Records: Data collected by governments and public health authorities in different countries of the world from organizations with global reach like CDC, WHO, or national departments. These are important because they provide us with epidemiological data and numbers.
Company Reports: Read the annual reports, financial statements, and press releases of healthcare companies. It includes company performance reports, market strategies, and competitive positioning for this domain.
Online Databases: You understand the access to databases like PubMed, MEDLINE, and even Google Scholar for scientific articles and study materials. Some of these databases are treasure troves for peer-reviewed data.
Media Sources: Analyzing news articles, press releases, and media coverage related to the healthcare industry. This helps in staying updated on recent developments and emerging trends.
A blended approach of primary and secondary research methods allows researchers to collect well-rounded, solid data that informs the best decisions and strategies.
Research Methodology
At HTF Market Intelligence, we pride ourselves on delivering comprehensive market research that combines both secondary and primary methodologies. Our secondary research involves rigorous analysis of existing data sources, such as industry reports, market databases, and competitive landscapes, to provide a robust foundation of market knowledge. This is complemented by our primary research services, where we gather firsthand data through surveys, interviews, and focus groups tailored specifically to your business needs. By integrating these approaches, we offer a thorough understanding of market trends, consumer behavior, and competitive dynamics, enabling you to make well-informed strategic decisions. We would welcome the opportunity to discuss how our research expertise can support your business objectives.Report Infographics:
| Report Features | Details |
| Base Year | 2019 |
| Based Year Market Size (2019) | 15.7Billion |
| Historical Period Market Size (2024) | 12.9Billion |
| CAGR (2019 to 2030) | 6.30% |
| Forecast Period | 2025 to 2030 |
| Forecasted Period Market Size (2030) | 23.7Billion |
| Scope of the Report | AC drives, Controlling motor speed and torque in industrial applications |
| Regions Covered | North America, LATAM, West Europe,Central & Eastern Europe, Northern Europe, Southern Europe, East Asia, Southeast Asia, South Asia, Central Asia, Oceania, MEA |
| Year on Year Growth | 6.60% |
| Companies Covered | ABB, Siemens, Schneider Electric, Mitsubishi Electric, Rockwell Automation, Danfoss, Yaskawa, Honeywell, Emerson, Fuji Electric, Hitachi, Toshiba, Rexnord |
| Customization Scope | 15% Free Customization (For EG) |
| Delivery Format | PDF and Excel through Email |
Variable Frequency Drive - Table of Contents
Chapter 1: Market Preface
- 1.1 Global Variable Frequency Drive Market Landscape
- 1.2 Scope of the Study
- 1.3 Relevant Findings & Stakeholder Advantages
Chapter 2: Strategic Overview
- 2.1 Global Variable Frequency Drive Market Outlook
- 2.2 Total Addressable Market versus Serviceable Market
- 2.3 Market Rivalry Projection
Chapter 3 : Global Variable Frequency Drive Market Business Environment & Changing Dynamics
-
3.1 Growth Drivers
- 3.1.1 Improving energy efficiency
-
3.2 Available Opportunities
- 3.2.1 Optimizing industrial processes
- 3.2.2 Reducing energy consumption
-
3.3 Influencing Trends
- 3.3.1 Increasing automation in industries
-
3.4 Challenges
- 3.4.1 Cost
- 3.4.2 Complexity of programming and installation
- 3.5 Regional Dynamics
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Chapter 4 : Global Variable Frequency Drive Industry Factors Assessment
- 4.1 Current Scenario
- 4.2 PEST Analysis
- 4.3 Business Environment - PORTER 5-Forces Analysis
- 4.3.1 Supplier Leverage
- 4.3.2 Bargaining Power of Buyers
- 4.3.3 Threat of Substitutes
- 4.3.4 Threat from New Entrant
- 4.3.5 Market Competition Level
- 4.4 Roadmap of Variable Frequency Drive Market
- 4.5 Impact of Macro-Economic Factors
- 4.6 Market Entry Strategies
- 4.7 Political and Regulatory Landscape
- 4.8 Supply Chain Analysis
- 4.9 Impact of Tariff War
Chapter 5: Variable Frequency Drive : Competition Benchmarking & Performance Evaluation
- 5.1 Global Variable Frequency Drive Market Concentration Ratio
- 5.1.1 CR4, CR8 and HH Index
- 5.1.2 % Market Share - Top 3
- 5.1.3 Market Holding by Top 5
- 5.2 Market Position of Manufacturers by Variable Frequency Drive Revenue 2019
- 5.3 Global Variable Frequency Drive Sales Volume by Manufacturers (2019)
- 5.4 BCG Matrix
- 5.4 Market Entropy
- 5.5 FPNV Positioning Matrix
- 5.6 Heat Map Analysis
Chapter 6: Global Variable Frequency Drive Market: Company Profiles
- 6.1 ABB
- 6.1.1 ABB Company Overview
- 6.1.2 ABB Product/Service Portfolio & Specifications
- 6.1.3 ABB Key Financial Metrics
- 6.1.4 ABB SWOT Analysis
- 6.1.5 ABB Development Activities
- 6.2 Siemens
- 6.3 Schneider Electric
- 6.4 Mitsubishi Electric
- 6.5 Rockwell Automation
- 6.6 Danfoss
- 6.7 Yaskawa
- 6.8 Honeywell
- 6.9 Emerson
- 6.10 Fuji Electric
- 6.11 Hitachi
- 6.12 Toshiba
- 6.13 Rexnord
- 6.14 WEG
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Chapter 7 : Global Variable Frequency Drive by Type & Application (2024-2030)
-
7.1 Global Variable Frequency Drive Market Revenue Analysis (USD Million) by Type (2024-2019)
- 7.1.1 AC Drives
- 7.1.2 DC Drives
-
7.2 Global Variable Frequency Drive Market Revenue Analysis (USD Million) by Application (2024-2019)
- 7.2.1 Controlling Motor Speed And Torque In Industrial Applications
- 7.3 Global Variable Frequency Drive Market Revenue Analysis (USD Million) by Type (2019-2030)
- 7.4 Global Variable Frequency Drive Market Revenue Analysis (USD Million) by Application (2019-2030)
Chapter 8 : North America Variable Frequency Drive Market Breakdown by Country, Type & Application
- 8.1 North America Variable Frequency Drive Market by Country (USD Million) & Sales Volume (Units) [2024-2019]
- 8.1.1 United States
- 8.1.2 Canada
-
8.2 North America Variable Frequency Drive Market by Type (USD Million) & Sales Volume (Units) [2024-2019]
- 8.2.1 AC Drives
- 8.2.2 DC Drives
-
8.3 North America Variable Frequency Drive Market by Application (USD Million) & Sales Volume (Units) [2024-2019]
- 8.3.1 Controlling Motor Speed And Torque In Industrial Applications
- 8.4 North America Variable Frequency Drive Market by Country (USD Million) & Sales Volume (Units) [2020-2030]
- 8.5 North America Variable Frequency Drive Market by Type (USD Million) & Sales Volume (Units) [2020-2030]
- 8.6 North America Variable Frequency Drive Market by Application (USD Million) & Sales Volume (Units) [2020-2030]
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Chapter 9 : LATAM Variable Frequency Drive Market Breakdown by Country, Type & Application
- 9.1 LATAM Variable Frequency Drive Market by Country (USD Million) & Sales Volume (Units) [2024-2019]
- 9.1.1 Brazil
- 9.1.2 Argentina
- 9.1.3 Chile
- 9.1.4 Mexico
- 9.1.5 Rest of LATAM
-
9.2 LATAM Variable Frequency Drive Market by Type (USD Million) & Sales Volume (Units) [2024-2019]
- 9.2.1 AC Drives
- 9.2.2 DC Drives
-
9.3 LATAM Variable Frequency Drive Market by Application (USD Million) & Sales Volume (Units) [2024-2019]
- 9.3.1 Controlling Motor Speed And Torque In Industrial Applications
- 9.4 LATAM Variable Frequency Drive Market by Country (USD Million) & Sales Volume (Units) [2020-2030]
- 9.5 LATAM Variable Frequency Drive Market by Type (USD Million) & Sales Volume (Units) [2020-2030]
- 9.6 LATAM Variable Frequency Drive Market by Application (USD Million) & Sales Volume (Units) [2020-2030]
Chapter 10 : West Europe Variable Frequency Drive Market Breakdown by Country, Type & Application
- 10.1 West Europe Variable Frequency Drive Market by Country (USD Million) & Sales Volume (Units) [2024-2019]
- 10.1.1 Germany
- 10.1.2 France
- 10.1.3 Benelux
- 10.1.4 Switzerland
- 10.1.5 Rest of West Europe
-
10.2 West Europe Variable Frequency Drive Market by Type (USD Million) & Sales Volume (Units) [2024-2019]
- 10.2.1 AC Drives
- 10.2.2 DC Drives
-
10.3 West Europe Variable Frequency Drive Market by Application (USD Million) & Sales Volume (Units) [2024-2019]
- 10.3.1 Controlling Motor Speed And Torque In Industrial Applications
- 10.4 West Europe Variable Frequency Drive Market by Country (USD Million) & Sales Volume (Units) [2020-2030]
- 10.5 West Europe Variable Frequency Drive Market by Type (USD Million) & Sales Volume (Units) [2020-2030]
- 10.6 West Europe Variable Frequency Drive Market by Application (USD Million) & Sales Volume (Units) [2020-2030]
Chapter 11 : Central & Eastern Europe Variable Frequency Drive Market Breakdown by Country, Type & Application
- 11.1 Central & Eastern Europe Variable Frequency Drive Market by Country (USD Million) & Sales Volume (Units) [2024-2019]
- 11.1.1 Bulgaria
- 11.1.2 Poland
- 11.1.3 Hungary
- 11.1.4 Romania
- 11.1.5 Rest of CEE
-
11.2 Central & Eastern Europe Variable Frequency Drive Market by Type (USD Million) & Sales Volume (Units) [2024-2019]
- 11.2.1 AC Drives
- 11.2.2 DC Drives
-
11.3 Central & Eastern Europe Variable Frequency Drive Market by Application (USD Million) & Sales Volume (Units) [2024-2019]
- 11.3.1 Controlling Motor Speed And Torque In Industrial Applications
- 11.4 Central & Eastern Europe Variable Frequency Drive Market by Country (USD Million) & Sales Volume (Units) [2020-2030]
- 11.5 Central & Eastern Europe Variable Frequency Drive Market by Type (USD Million) & Sales Volume (Units) [2020-2030]
- 11.6 Central & Eastern Europe Variable Frequency Drive Market by Application (USD Million) & Sales Volume (Units) [2020-2030]
Chapter 12 : Northern Europe Variable Frequency Drive Market Breakdown by Country, Type & Application
- 12.1 Northern Europe Variable Frequency Drive Market by Country (USD Million) & Sales Volume (Units) [2024-2019]
- 12.1.1 The United Kingdom
- 12.1.2 Sweden
- 12.1.3 Norway
- 12.1.4 Baltics
- 12.1.5 Ireland
- 12.1.6 Rest of Northern Europe
-
12.2 Northern Europe Variable Frequency Drive Market by Type (USD Million) & Sales Volume (Units) [2024-2019]
- 12.2.1 AC Drives
- 12.2.2 DC Drives
-
12.3 Northern Europe Variable Frequency Drive Market by Application (USD Million) & Sales Volume (Units) [2024-2019]
- 12.3.1 Controlling Motor Speed And Torque In Industrial Applications
- 12.4 Northern Europe Variable Frequency Drive Market by Country (USD Million) & Sales Volume (Units) [2020-2030]
- 12.5 Northern Europe Variable Frequency Drive Market by Type (USD Million) & Sales Volume (Units) [2020-2030]
- 12.6 Northern Europe Variable Frequency Drive Market by Application (USD Million) & Sales Volume (Units) [2020-2030]
Chapter 13 : Southern Europe Variable Frequency Drive Market Breakdown by Country, Type & Application
- 13.1 Southern Europe Variable Frequency Drive Market by Country (USD Million) & Sales Volume (Units) [2024-2019]
- 13.1.1 Spain
- 13.1.2 Italy
- 13.1.3 Portugal
- 13.1.4 Greece
- 13.1.5 Rest of Southern Europe
-
13.2 Southern Europe Variable Frequency Drive Market by Type (USD Million) & Sales Volume (Units) [2024-2019]
- 13.2.1 AC Drives
- 13.2.2 DC Drives
-
13.3 Southern Europe Variable Frequency Drive Market by Application (USD Million) & Sales Volume (Units) [2024-2019]
- 13.3.1 Controlling Motor Speed And Torque In Industrial Applications
- 13.4 Southern Europe Variable Frequency Drive Market by Country (USD Million) & Sales Volume (Units) [2020-2030]
- 13.5 Southern Europe Variable Frequency Drive Market by Type (USD Million) & Sales Volume (Units) [2020-2030]
- 13.6 Southern Europe Variable Frequency Drive Market by Application (USD Million) & Sales Volume (Units) [2020-2030]
Chapter 14 : East Asia Variable Frequency Drive Market Breakdown by Country, Type & Application
- 14.1 East Asia Variable Frequency Drive Market by Country (USD Million) & Sales Volume (Units) [2024-2019]
- 14.1.1 China
- 14.1.2 Japan
- 14.1.3 South Korea
- 14.1.4 Taiwan
- 14.1.5 Others
-
14.2 East Asia Variable Frequency Drive Market by Type (USD Million) & Sales Volume (Units) [2024-2019]
- 14.2.1 AC Drives
- 14.2.2 DC Drives
-
14.3 East Asia Variable Frequency Drive Market by Application (USD Million) & Sales Volume (Units) [2024-2019]
- 14.3.1 Controlling Motor Speed And Torque In Industrial Applications
- 14.4 East Asia Variable Frequency Drive Market by Country (USD Million) & Sales Volume (Units) [2020-2030]
- 14.5 East Asia Variable Frequency Drive Market by Type (USD Million) & Sales Volume (Units) [2020-2030]
- 14.6 East Asia Variable Frequency Drive Market by Application (USD Million) & Sales Volume (Units) [2020-2030]
Chapter 15 : Southeast Asia Variable Frequency Drive Market Breakdown by Country, Type & Application
- 15.1 Southeast Asia Variable Frequency Drive Market by Country (USD Million) & Sales Volume (Units) [2024-2019]
- 15.1.1 Vietnam
- 15.1.2 Singapore
- 15.1.3 Thailand
- 15.1.4 Malaysia
- 15.1.5 Indonesia
- 15.1.6 Philippines
- 15.1.7 Rest of SEA Countries
-
15.2 Southeast Asia Variable Frequency Drive Market by Type (USD Million) & Sales Volume (Units) [2024-2019]
- 15.2.1 AC Drives
- 15.2.2 DC Drives
-
15.3 Southeast Asia Variable Frequency Drive Market by Application (USD Million) & Sales Volume (Units) [2024-2019]
- 15.3.1 Controlling Motor Speed And Torque In Industrial Applications
- 15.4 Southeast Asia Variable Frequency Drive Market by Country (USD Million) & Sales Volume (Units) [2020-2030]
- 15.5 Southeast Asia Variable Frequency Drive Market by Type (USD Million) & Sales Volume (Units) [2020-2030]
- 15.6 Southeast Asia Variable Frequency Drive Market by Application (USD Million) & Sales Volume (Units) [2020-2030]
Chapter 16 : South Asia Variable Frequency Drive Market Breakdown by Country, Type & Application
- 16.1 South Asia Variable Frequency Drive Market by Country (USD Million) & Sales Volume (Units) [2024-2019]
- 16.1.1 India
- 16.1.2 Bangladesh
- 16.1.3 Others
-
16.2 South Asia Variable Frequency Drive Market by Type (USD Million) & Sales Volume (Units) [2024-2019]
- 16.2.1 AC Drives
- 16.2.2 DC Drives
-
16.3 South Asia Variable Frequency Drive Market by Application (USD Million) & Sales Volume (Units) [2024-2019]
- 16.3.1 Controlling Motor Speed And Torque In Industrial Applications
- 16.4 South Asia Variable Frequency Drive Market by Country (USD Million) & Sales Volume (Units) [2020-2030]
- 16.5 South Asia Variable Frequency Drive Market by Type (USD Million) & Sales Volume (Units) [2020-2030]
- 16.6 South Asia Variable Frequency Drive Market by Application (USD Million) & Sales Volume (Units) [2020-2030]
Chapter 17 : Central Asia Variable Frequency Drive Market Breakdown by Country, Type & Application
- 17.1 Central Asia Variable Frequency Drive Market by Country (USD Million) & Sales Volume (Units) [2024-2019]
- 17.1.1 Kazakhstan
- 17.1.2 Tajikistan
- 17.1.3 Others
-
17.2 Central Asia Variable Frequency Drive Market by Type (USD Million) & Sales Volume (Units) [2024-2019]
- 17.2.1 AC Drives
- 17.2.2 DC Drives
-
17.3 Central Asia Variable Frequency Drive Market by Application (USD Million) & Sales Volume (Units) [2024-2019]
- 17.3.1 Controlling Motor Speed And Torque In Industrial Applications
- 17.4 Central Asia Variable Frequency Drive Market by Country (USD Million) & Sales Volume (Units) [2020-2030]
- 17.5 Central Asia Variable Frequency Drive Market by Type (USD Million) & Sales Volume (Units) [2020-2030]
- 17.6 Central Asia Variable Frequency Drive Market by Application (USD Million) & Sales Volume (Units) [2020-2030]
Chapter 18 : Oceania Variable Frequency Drive Market Breakdown by Country, Type & Application
- 18.1 Oceania Variable Frequency Drive Market by Country (USD Million) & Sales Volume (Units) [2024-2019]
- 18.1.1 Australia
- 18.1.2 New Zealand
- 18.1.3 Others
-
18.2 Oceania Variable Frequency Drive Market by Type (USD Million) & Sales Volume (Units) [2024-2019]
- 18.2.1 AC Drives
- 18.2.2 DC Drives
-
18.3 Oceania Variable Frequency Drive Market by Application (USD Million) & Sales Volume (Units) [2024-2019]
- 18.3.1 Controlling Motor Speed And Torque In Industrial Applications
- 18.4 Oceania Variable Frequency Drive Market by Country (USD Million) & Sales Volume (Units) [2020-2030]
- 18.5 Oceania Variable Frequency Drive Market by Type (USD Million) & Sales Volume (Units) [2020-2030]
- 18.6 Oceania Variable Frequency Drive Market by Application (USD Million) & Sales Volume (Units) [2020-2030]
Chapter 19 : MEA Variable Frequency Drive Market Breakdown by Country, Type & Application
- 19.1 MEA Variable Frequency Drive Market by Country (USD Million) & Sales Volume (Units) [2024-2019]
- 19.1.1 Turkey
- 19.1.2 South Africa
- 19.1.3 Egypt
- 19.1.4 UAE
- 19.1.5 Saudi Arabia
- 19.1.6 Israel
- 19.1.7 Rest of MEA
-
19.2 MEA Variable Frequency Drive Market by Type (USD Million) & Sales Volume (Units) [2024-2019]
- 19.2.1 AC Drives
- 19.2.2 DC Drives
-
19.3 MEA Variable Frequency Drive Market by Application (USD Million) & Sales Volume (Units) [2024-2019]
- 19.3.1 Controlling Motor Speed And Torque In Industrial Applications
- 19.4 MEA Variable Frequency Drive Market by Country (USD Million) & Sales Volume (Units) [2020-2030]
- 19.5 MEA Variable Frequency Drive Market by Type (USD Million) & Sales Volume (Units) [2020-2030]
- 19.6 MEA Variable Frequency Drive Market by Application (USD Million) & Sales Volume (Units) [2020-2030]
Chapter 20: Research Findings & Conclusion
- 20.1 Key Findings
- 20.2 Conclusion
Chapter 21: Methodology and Data Source
-
21.1 Research Methodology & Approach
- 21.1.1 Research Program/Design
- 21.1.2 Market Size Estimation
- 21.1.3 Market Breakdown and Data Triangulation
-
21.2 Data Source
- 21.2.1 Secondary Sources
- 21.2.2 Primary Sources
Chapter 22: Appendix & Disclaimer
- 22.1 Acronyms & bibliography
- 22.2 Disclaimer
Frequently Asked Questions (FAQ):
The Variable Frequency Drive market may reach an estimated size of 23.7 Billion by 2030.
The Variable Frequency Drive Market is growing at a CAGR of 6.30% over the forecasted period 2019 - 2030.
The changing dynamics and trends such as Increasing Automation In Industries are seen as major Game Changer in Global Variable Frequency Drive Market.
The leaders in the Global Variable Frequency Drive Market such as ABB, Siemens, Schneider Electric, Mitsubishi Electric, Rockwell Automation, Danfoss, Yaskawa, Honeywell, Emerson, Fuji Electric, Hitachi, Toshiba, Rexnord, WEG are targeting innovative and differentiated growth drivers some of them are Improving Energy Efficiency, Reducing Motor Wear And Tear
Some of the major roadblocks that industry players have identified are Cost, Complexity Of Programming And Installation.
The market opportunity is clear from the flow of investment into Global Variable Frequency Drive Market, some of them are Optimizing Industrial Processes, Reducing Energy Consumption.
Variable Frequency Drive Market identifies market share by players along with the concentration rate using CR4, CR8 Index to determine leading and emerging competitive players such as ABB, Siemens, Schneider Electric, Mitsubishi Electric, Rockwell Automation, Danfoss, Yaskawa, Honeywell, Emerson, Fuji Electric, Hitachi, Toshiba, Rexnord, WEG.
Research paper of Global Variable Frequency Drive Market shows that companies are making better progress than their supply chain peers –including suppliers, majorly in end-use applications such as Controlling motor speed and torque in industrial applications.
The Global Variable Frequency Drive Market Study is segmented by AC drives, DC drives.
The Global Variable Frequency Drive Market Study includes regional breakdown as North America, LATAM, West Europe,Central & Eastern Europe, Northern Europe, Southern Europe, East Asia, Southeast Asia, South Asia, Central Asia, Oceania, MEA
Historical Year: 2024 - Base year: 2019. Forecast period**: 2025 to 2030 [** unless otherwise stated]
The Variable Frequency Drive (VFD) Market refers to the demand for electrical devices used to control the speed and torque of electric motors by varying the frequency of the electrical power supplied to them. VFDs are commonly used in industrial, commercial, and residential applications to improve energy efficiency, reduce motor wear, and enhance performance. The market is driven by the increasing demand for energy-saving technologies and the growing use of electric motors in various industries such as manufacturing, HVAC, water treatment, and transportation. VFDs enable precise control of motor speed, leading to reduced energy consumption and operational costs. As industries focus on sustainability and energy efficiency, the adoption of VFDs is growing. Additionally, technological advancements in motor control systems and automation are further contributing to the growth of the variable frequency drive market.
