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Adjustable Frequency Drive-Global Market Insights and Sales Trends 2024
Synopsis
A Variable Frequency Drive (VFD) is a type of motor controller that drives an electric motor by varying the frequency and voltage supplied to the electric motor.
Other names for a VFD are variable speed drive, adjustable speed drive, adjustable frequency drive, AC drive, Microdrive, and inverter.
The global Adjustable Frequency Drive market size is expected to reach US$ 24 million by 2029, growing at a CAGR of 3.4% from 2023 to 2029. The market is mainly driven by the significant applications of Adjustable Frequency Drive in various end use industries. The expanding demands from the Oil & Gas, Industrial, Infrastructure and Power Generation, are propelling Adjustable Frequency Drive market. AC Drives, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the DC Drives segment is estimated at % CAGR for the next seven-year period.
Global Verified Frequency Driver (VFD) key players include ABB, Siemens AG, Schneider Electric, etc. Global top three manufacturers hold a share over 40%. China is the largest market, with a share about 20%, followed by North America, and Europe, both have a share over 40 percent. In terms of product, Low Voltage (0-690V) is the largest segment, with a share over 70%. And in terms of application, the largest application is Elevators, followed by Fans, etc.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Adjustable Frequency Drive, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Adjustable Frequency Drive market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Adjustable Frequency Drive market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Adjustable Frequency Drive sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Adjustable Frequency Drive covered in this report include ABB, Siemens, Schneider Electric, Danfoss, Rockwell, Crompton Greaves, Eaton, Fuji and Hitachi, etc.
The global Adjustable Frequency Drive market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
ABB
Siemens
Schneider Electric
Danfoss
Rockwell
Crompton Greaves
Eaton
Fuji
Hitachi
Nidec
Tmeic
Weg SA
Yaskawa
Global Adjustable Frequency Drive market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Adjustable Frequency Drive market, Segment by Type:
AC Drives
DC Drives
Servo Drives
Global Adjustable Frequency Drive market, by Application
Oil & Gas
Industrial
Infrastructure
Power Generation
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Adjustable Frequency Drive manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Adjustable Frequency Drive in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
A Variable Frequency Drive (VFD) is a type of motor controller that drives an electric motor by varying the frequency and voltage supplied to the electric motor.
Other names for a VFD are variable speed drive, adjustable speed drive, adjustable frequency drive, AC drive, Microdrive, and inverter.
The global Adjustable Frequency Drive market size is expected to reach US$ 24 million by 2029, growing at a CAGR of 3.4% from 2023 to 2029. The market is mainly driven by the significant applications of Adjustable Frequency Drive in various end use industries. The expanding demands from the Oil & Gas, Industrial, Infrastructure and Power Generation, are propelling Adjustable Frequency Drive market. AC Drives, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the DC Drives segment is estimated at % CAGR for the next seven-year period.
Global Verified Frequency Driver (VFD) key players include ABB, Siemens AG, Schneider Electric, etc. Global top three manufacturers hold a share over 40%. China is the largest market, with a share about 20%, followed by North America, and Europe, both have a share over 40 percent. In terms of product, Low Voltage (0-690V) is the largest segment, with a share over 70%. And in terms of application, the largest application is Elevators, followed by Fans, etc.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Adjustable Frequency Drive, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Adjustable Frequency Drive market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Adjustable Frequency Drive market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Adjustable Frequency Drive sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Adjustable Frequency Drive covered in this report include ABB, Siemens, Schneider Electric, Danfoss, Rockwell, Crompton Greaves, Eaton, Fuji and Hitachi, etc.
The global Adjustable Frequency Drive market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
ABB
Siemens
Schneider Electric
Danfoss
Rockwell
Crompton Greaves
Eaton
Fuji
Hitachi
Nidec
Tmeic
Weg SA
Yaskawa
Global Adjustable Frequency Drive market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Adjustable Frequency Drive market, Segment by Type:
AC Drives
DC Drives
Servo Drives
Global Adjustable Frequency Drive market, by Application
Oil & Gas
Industrial
Infrastructure
Power Generation
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Adjustable Frequency Drive manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Adjustable Frequency Drive in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Index1 Adjustable Frequency Drive Market Overview
1.1 Adjustable Frequency Drive Product Overview
1.2 Adjustable Frequency Drive Market Segment by Type
1.2.1 AC Drives
1.2.2 DC Drives
1.2.3 Servo Drives
1.3 Global Adjustable Frequency Drive Market Size by Type
1.3.1 Global Adjustable Frequency Drive Market Size Overview by Type (2018-2029)
1.3.2 Global Adjustable Frequency Drive Historic Market Size Review by Type (2018-2023)
1.3.3 Global Adjustable Frequency Drive Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Adjustable Frequency Drive Sales Breakdown by Type (2018-2023)
1.4.2 Europe Adjustable Frequency Drive Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Adjustable Frequency Drive Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Adjustable Frequency Drive Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Adjustable Frequency Drive Sales Breakdown by Type (2018-2023)
2 Global Adjustable Frequency Drive Market Competition by Company
2.1 Global Top Players by Adjustable Frequency Drive Sales (2018-2023)
2.2 Global Top Players by Adjustable Frequency Drive Revenue (2018-2023)
2.3 Global Top Players by Adjustable Frequency Drive Price (2018-2023)
2.4 Global Top Manufacturers Adjustable Frequency Drive Manufacturing Base Distribution, Sales Area, Product Type
2.5 Adjustable Frequency Drive Market Competitive Situation and Trends
2.5.1 Adjustable Frequency Drive Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Adjustable Frequency Drive Sales and Revenue in 2022
2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Adjustable Frequency Drive as of 2022)
2.7 Date of Key Manufacturers Enter into Adjustable Frequency Drive Market
2.8 Key Manufacturers Adjustable Frequency Drive Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Adjustable Frequency Drive Status and Outlook by Region
3.1 Global Adjustable Frequency Drive Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Adjustable Frequency Drive Historic Market Size by Region
3.2.1 Global Adjustable Frequency Drive Sales in Volume by Region (2018-2023)
3.2.2 Global Adjustable Frequency Drive Sales in Value by Region (2018-2023)
3.2.3 Global Adjustable Frequency Drive Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Adjustable Frequency Drive Forecasted Market Size by Region
3.3.1 Global Adjustable Frequency Drive Sales in Volume by Region (2024-2029)
3.3.2 Global Adjustable Frequency Drive Sales in Value by Region (2024-2029)
3.3.3 Global Adjustable Frequency Drive Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Adjustable Frequency Drive by Application
4.1 Adjustable Frequency Drive Market Segment by Application
4.1.1 Oil & Gas
4.1.2 Industrial
4.1.3 Infrastructure
4.1.4 Power Generation
4.2 Global Adjustable Frequency Drive Market Size by Application
4.2.1 Global Adjustable Frequency Drive Market Size Overview by Application (2018-2029)
4.2.2 Global Adjustable Frequency Drive Historic Market Size Review by Application (2018-2023)
4.2.3 Global Adjustable Frequency Drive Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Adjustable Frequency Drive Sales Breakdown by Application (2018-2023)
4.3.2 Europe Adjustable Frequency Drive Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Adjustable Frequency Drive Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Adjustable Frequency Drive Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Adjustable Frequency Drive Sales Breakdown by Application (2018-2023)
5 North America Adjustable Frequency Drive by Country
5.1 North America Adjustable Frequency Drive Historic Market Size by Country
5.1.1 North America Adjustable Frequency Drive Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Adjustable Frequency Drive Sales in Volume by Country (2018-2023)
5.1.3 North America Adjustable Frequency Drive Sales in Value by Country (2018-2023)
5.2 North America Adjustable Frequency Drive Forecasted Market Size by Country
5.2.1 North America Adjustable Frequency Drive Sales in Volume by Country (2024-2029)
5.2.2 North America Adjustable Frequency Drive Sales in Value by Country (2024-2029)
6 Europe Adjustable Frequency Drive by Country
6.1 Europe Adjustable Frequency Drive Historic Market Size by Country
6.1.1 Europe Adjustable Frequency Drive Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Adjustable Frequency Drive Sales in Volume by Country (2018-2023)
6.1.3 Europe Adjustable Frequency Drive Sales in Value by Country (2018-2023)
6.2 Europe Adjustable Frequency Drive Forecasted Market Size by Country
6.2.1 Europe Adjustable Frequency Drive Sales in Volume by Country (2024-2029)
6.2.2 Europe Adjustable Frequency Drive Sales in Value by Country (2024-2029)
7 Asia-Pacific Adjustable Frequency Drive by Region
7.1 Asia-Pacific Adjustable Frequency Drive Historic Market Size by Region
7.1.1 Asia-Pacific Adjustable Frequency Drive Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Adjustable Frequency Drive Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Adjustable Frequency Drive Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Adjustable Frequency Drive Forecasted Market Size by Region
7.2.1 Asia-Pacific Adjustable Frequency Drive Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Adjustable Frequency Drive Sales in Value by Region (2024-2029)
8 Latin America Adjustable Frequency Drive by Country
8.1 Latin America Adjustable Frequency Drive Historic Market Size by Country
8.1.1 Latin America Adjustable Frequency Drive Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Adjustable Frequency Drive Sales in Volume by Country (2018-2023)
8.1.3 Latin America Adjustable Frequency Drive Sales in Value by Country (2018-2023)
8.2 Latin America Adjustable Frequency Drive Forecasted Market Size by Country
8.2.1 Latin America Adjustable Frequency Drive Sales in Volume by Country (2024-2029)
8.2.2 Latin America Adjustable Frequency Drive Sales in Value by Country (2024-2029)
9 Middle East and Africa Adjustable Frequency Drive by Country
9.1 Middle East and Africa Adjustable Frequency Drive Historic Market Size by Country
9.1.1 Middle East and Africa Adjustable Frequency Drive Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Adjustable Frequency Drive Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Adjustable Frequency Drive Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Adjustable Frequency Drive Forecasted Market Size by Country
9.2.1 Middle East and Africa Adjustable Frequency Drive Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Adjustable Frequency Drive Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 ABB
10.1.1 ABB Company Information
10.1.2 ABB Introduction and Business Overview
10.1.3 ABB Adjustable Frequency Drive Sales, Revenue and Gross Margin (2018-2023)
10.1.4 ABB Adjustable Frequency Drive Products Offered
10.1.5 ABB Recent Development
10.2 Siemens
10.2.1 Siemens Company Information
10.2.2 Siemens Introduction and Business Overview
10.2.3 Siemens Adjustable Frequency Drive Sales, Revenue and Gross Margin (2018-2023)
10.2.4 Siemens Adjustable Frequency Drive Products Offered
10.2.5 Siemens Recent Development
10.3 Schneider Electric
10.3.1 Schneider Electric Company Information
10.3.2 Schneider Electric Introduction and Business Overview
10.3.3 Schneider Electric Adjustable Frequency Drive Sales, Revenue and Gross Margin (2018-2023)
10.3.4 Schneider Electric Adjustable Frequency Drive Products Offered
10.3.5 Schneider Electric Recent Development
10.4 Danfoss
10.4.1 Danfoss Company Information
10.4.2 Danfoss Introduction and Business Overview
10.4.3 Danfoss Adjustable Frequency Drive Sales, Revenue and Gross Margin (2018-2023)
10.4.4 Danfoss Adjustable Frequency Drive Products Offered
10.4.5 Danfoss Recent Development
10.5 Rockwell
10.5.1 Rockwell Company Information
10.5.2 Rockwell Introduction and Business Overview
10.5.3 Rockwell Adjustable Frequency Drive Sales, Revenue and Gross Margin (2018-2023)
10.5.4 Rockwell Adjustable Frequency Drive Products Offered
10.5.5 Rockwell Recent Development
10.6 Crompton Greaves
10.6.1 Crompton Greaves Company Information
10.6.2 Crompton Greaves Introduction and Business Overview
10.6.3 Crompton Greaves Adjustable Frequency Drive Sales, Revenue and Gross Margin (2018-2023)
10.6.4 Crompton Greaves Adjustable Frequency Drive Products Offered
10.6.5 Crompton Greaves Recent Development
10.7 Eaton
10.7.1 Eaton Company Information
10.7.2 Eaton Introduction and Business Overview
10.7.3 Eaton Adjustable Frequency Drive Sales, Revenue and Gross Margin (2018-2023)
10.7.4 Eaton Adjustable Frequency Drive Products Offered
10.7.5 Eaton Recent Development
10.8 Fuji
10.8.1 Fuji Company Information
10.8.2 Fuji Introduction and Business Overview
10.8.3 Fuji Adjustable Frequency Drive Sales, Revenue and Gross Margin (2018-2023)
10.8.4 Fuji Adjustable Frequency Drive Products Offered
10.8.5 Fuji Recent Development
10.9 Hitachi
10.9.1 Hitachi Company Information
10.9.2 Hitachi Introduction and Business Overview
10.9.3 Hitachi Adjustable Frequency Drive Sales, Revenue and Gross Margin (2018-2023)
10.9.4 Hitachi Adjustable Frequency Drive Products Offered
10.9.5 Hitachi Recent Development
10.10 Nidec
10.10.1 Nidec Company Information
10.10.2 Nidec Introduction and Business Overview
10.10.3 Nidec Adjustable Frequency Drive Sales, Revenue and Gross Margin (2018-2023)
10.10.4 Nidec Adjustable Frequency Drive Products Offered
10.10.5 Nidec Recent Development
10.11 Tmeic
10.11.1 Tmeic Company Information
10.11.2 Tmeic Introduction and Business Overview
10.11.3 Tmeic Adjustable Frequency Drive Sales, Revenue and Gross Margin (2018-2023)
10.11.4 Tmeic Adjustable Frequency Drive Products Offered
10.11.5 Tmeic Recent Development
10.12 Weg SA
10.12.1 Weg SA Company Information
10.12.2 Weg SA Introduction and Business Overview
10.12.3 Weg SA Adjustable Frequency Drive Sales, Revenue and Gross Margin (2018-2023)
10.12.4 Weg SA Adjustable Frequency Drive Products Offered
10.12.5 Weg SA Recent Development
10.13 Yaskawa
10.13.1 Yaskawa Company Information
10.13.2 Yaskawa Introduction and Business Overview
10.13.3 Yaskawa Adjustable Frequency Drive Sales, Revenue and Gross Margin (2018-2023)
10.13.4 Yaskawa Adjustable Frequency Drive Products Offered
10.13.5 Yaskawa Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Adjustable Frequency Drive Key Raw Materials
11.1.1 Key Raw Materials
11.1.2 Key Raw Materials Price
11.1.3 Raw Materials Key Suppliers
11.2 Manufacturing Cost Structure
11.2.1 Raw Materials
11.2.2 Labor Cost
11.2.3 Manufacturing Expenses
11.3 Adjustable Frequency Drive Industrial Chain Analysis
11.4 Adjustable Frequency Drive Market Dynamics
11.4.1 Adjustable Frequency Drive Industry Trends
11.4.2 Adjustable Frequency Drive Market Drivers
11.4.3 Adjustable Frequency Drive Market Challenges
11.4.4 Adjustable Frequency Drive Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Adjustable Frequency Drive Distributors
12.3 Adjustable Frequency Drive Downstream Customers
13 Research Findings and Conclusion
14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.2 Data Source
14.2 Author Details
14.3 Disclaimer
Published By : QY Research
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