by According to Precedence Research, during the forecast period of 2022 to 2030, the global variable frequency drive market is estimated to develop at a compound annual growth rate (CAGR) of 9.58%. The global variable frequency drive market was valued at USD 19.21billion in 2021, and it is predicted to exceed USD 43.75 billion by 2030. The study investigates several elements and their consequences on the growth of the variable frequency drive market.
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This report focuses on variable frequency drive market volume and value at the global level, regional level and company level. From a global perspective, this report represents overall variable frequency drive market size by analyzing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, Middle East & Africa, Latin America, etc.
Report Scope of the Variable Frequency Drive Market
| 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 research report includes specific segments by region (country), by company, by all segments. This study provides information about the growth and revenue during the historic and forecasted period of 2017 to 2030. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
In-Depth Analysis on Competitive Landscape
The report sheds light on leading manufacturers of variable frequency drive, along with their detailed profiles. Essential and up-to-date data related to market performers who are principally engaged in the production of variable frequency drive has been brought with the help of a detailed dashboard view. Market share analysis and comparison of prominent players provided in the report permits report readers to take preemptive steps in advancing their businesses.
Company profiles have been included in the report, which include essentials such as product portfolio, key strategies, along with all-inclusive SWOT analysis on each player. Company presence is mapped and presented through a matrix for all the prominent players, thus providing readers with actionable insights, which helps in thoughtfully presenting market status and predicting the competition level in the variable frequency drive market.
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
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Segments Covered in the Report
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]
Some of the important ones are:
- What can be the best investment choices for venturing into new product and service lines?
- What value propositions should businesses aim at while making new research and development funding?
- Which regulations will be most helpful for stakeholders to boost their supply chain network?
- Which regions might see the demand maturing in certain segments in near future?
- What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
- Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
- Which government regulations might challenge the status of key regional markets?
- How will the emerging political and economic scenario affect opportunities in key growth areas?
- What are some of the value-grab opportunities in various segments?
- What will be the barrier to entry for new players in the market?
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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