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Variable Frequency Drive Market Size to Worth Around US$ 43.75 Billion by 2030

The global variable frequency drive market size is expected to reach USD 43.75 Billion by 2030, with a CAGR of 9.58% from 2022 to 2030.

[150+ Pages Report] As per the latest Research and survey report issued by Precedence Research, the global variable frequency drive market was valued at around USD 19.21 billion in 2021 and is expected to register revenues worth USD 43.75 billion by the end of 2030, growing at an exceptional CAGR of approximately 9.58% between 2022 and 2030.

Variable Frequency Drive

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Variable Frequency Drive Market Report Scope

A recent study by Precedence Research on the variable frequency drive market offers a forecast for 2022 and 2030. The study analyzes crucial trends that are currently determining the growth of the variable frequency drive market. This report explicates on vital dynamics such as the drivers, restraints, and opportunities for key market players, along with key stakeholders as well as emerging players associated with the manufacturing of variable frequency drive. The study also provides the dynamics that are responsible for influencing the future status of the variable frequency drive market over the forecast period.

A detailed assessment of the variable frequency drive market value chain analysis, business execution, and supply chain analysis across regional markets has been covered in the report. A list of prominent companies operating in the variable frequency drive market along with their product portfolio enhances the reliability of this comprehensive research study.

Competition Landscape

The report has engulfed a chapter on the global variable frequency drive market’s competitive landscape, which provides detailed analysis and insights on companies offering variable frequency drive. Profiles of key companies, along with a strategic overview of their M&A and expansion plans across geographies, have been delivered in this chapter. This chapter is priceless for report readers, as its enables them in gauging their growth potential in the market and implement key strategies for extending their market reach.

This chapter offers key recommendations for both new and existing market participants, enabling them to emerge sustainably and profitably. Intelligence on the market players has been delivered on the basis of their product overview, SWOT analysis, key developments, key financials and company overview. Occupancy of these market participants has been tracked by the report and portrayed via an intensity map.

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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]

Regional Analysis

The research report includes a detailed study of regions of North America, Europe, China, Japan and Rest of the World. The report has been curated after observing and studying various factors that determine regional growth such as economic, environmental, social, technological, and political status of the particular region. Analysts have studied the data of revenue and manufacturers of each region. This section analyses region-wise revenue and volume for the forecast period of 2022 to 2030. These analyses will help the reader to understand the potential worth of investment in a particular region.

The report provides in-depth segment analysis of the global variable frequency drive market, thereby providing valuable insights at macro as well as micro levels. Analysis of major countries, which hold growth opportunities or account for significant share has also been included as part of geographic analysis of the variable frequency drive market.

The report includes country-wise and region-wise market size for the period 2022-2030. It also includes market size and forecast by segments in terms of production capacity, price and revenue for the period 2022-2030.

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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From gauging investment feasibility to uncovering hidden growth opportunities, our market studies cover in-depth analysis, which also is interspersed with relevant statistics. Recommendation are often enclosed within our reports with the sole intent of enabling organizations achieve mission-critical success.

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