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Global Variable Frequency Drive Market Research Report 2024
Synopsis
Variable frequency Drive (VFD) is an electric power control device which controls AC motor by changing the working power frequency of the motor by using frequency conversion technology and microelectronic technology. The frequency converter is mainly composed of rectifier (AC to DC), filter, inverter (DC to AC), brake unit, drive unit, detection unit, micro-processing unit, etc.
The global Variable Frequency Drive market was valued at US$ 14970 million in 2023 and is anticipated to reach US$ 18360 million by 2030, witnessing a CAGR of 2.9% during the forecast period 2024-2030.
The major players in global Variable frequency Drive (VFD) market include ABB, SIEMENS, Schneider, etc. The top 3 players occupy over 35% shares of the global market. Middle and Low Voltage Frequency Converter is the main type, with a share about 70%. Electric Power is the main application, which holds a share about 30%.
This report aims to provide a comprehensive presentation of the global market for Variable Frequency Drive, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Variable Frequency Drive.
Report Scope
The Variable Frequency Drive market size, estimations, and forecasts are provided in terms of output/shipments (K Units) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Variable Frequency Drive market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Variable Frequency Drive manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
ABB
Siemens
Schneider Electric
Danfoss
Rockwell Automation
Crompton Greaves
Eaton
Fuji Electric
Hitachi
Nidec
Tmeic
Weg
Yaskawa
Segment by Type
AC Drives
DC Drives
Servo Drives
Segment by Application
Oil & Gas
Industrial
Infrastructure
Power Generation
Others
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of Variable Frequency Drive manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Variable Frequency Drive by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption of Variable Frequency Drive in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 5: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 6: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: 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 10: The main points and conclusions of the report.
Variable frequency Drive (VFD) is an electric power control device which controls AC motor by changing the working power frequency of the motor by using frequency conversion technology and microelectronic technology. The frequency converter is mainly composed of rectifier (AC to DC), filter, inverter (DC to AC), brake unit, drive unit, detection unit, micro-processing unit, etc.
The global Variable Frequency Drive market was valued at US$ 14970 million in 2023 and is anticipated to reach US$ 18360 million by 2030, witnessing a CAGR of 2.9% during the forecast period 2024-2030.
The major players in global Variable frequency Drive (VFD) market include ABB, SIEMENS, Schneider, etc. The top 3 players occupy over 35% shares of the global market. Middle and Low Voltage Frequency Converter is the main type, with a share about 70%. Electric Power is the main application, which holds a share about 30%.
This report aims to provide a comprehensive presentation of the global market for Variable Frequency Drive, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Variable Frequency Drive.
Report Scope
The Variable Frequency Drive market size, estimations, and forecasts are provided in terms of output/shipments (K Units) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Variable Frequency Drive market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Variable Frequency Drive manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
ABB
Siemens
Schneider Electric
Danfoss
Rockwell Automation
Crompton Greaves
Eaton
Fuji Electric
Hitachi
Nidec
Tmeic
Weg
Yaskawa
Segment by Type
AC Drives
DC Drives
Servo Drives
Segment by Application
Oil & Gas
Industrial
Infrastructure
Power Generation
Others
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of Variable Frequency Drive manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Variable Frequency Drive by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption of Variable Frequency Drive in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 5: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 6: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: 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 10: The main points and conclusions of the report.
Index1 Variable Frequency Drive Market Overview
1.1 Product Definition
1.2 Variable Frequency Drive Segment by Type
1.2.1 Global Variable Frequency Drive Market Value Growth Rate Analysis by Type 2023 VS 2030
1.2.2 AC Drives
1.2.3 DC Drives
1.2.4 Servo Drives
1.3 Variable Frequency Drive Segment by Application
1.3.1 Global Variable Frequency Drive Market Value Growth Rate Analysis by Application: 2023 VS 2030
1.3.2 Oil & Gas
1.3.3 Industrial
1.3.4 Infrastructure
1.3.5 Power Generation
1.3.6 Others
1.4 Global Market Growth Prospects
1.4.1 Global Variable Frequency Drive Production Value Estimates and Forecasts (2019-2030)
1.4.2 Global Variable Frequency Drive Production Capacity Estimates and Forecasts (2019-2030)
1.4.3 Global Variable Frequency Drive Production Estimates and Forecasts (2019-2030)
1.4.4 Global Variable Frequency Drive Market Average Price Estimates and Forecasts (2019-2030)
1.5 Assumptions and Limitations
2 Market Competition by Manufacturers
2.1 Global Variable Frequency Drive Production Market Share by Manufacturers (2019-2024)
2.2 Global Variable Frequency Drive Production Value Market Share by Manufacturers (2019-2024)
2.3 Global Key Players of Variable Frequency Drive, Industry Ranking, 2022 VS 2023 VS 2024
2.4 Global Variable Frequency Drive Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
2.5 Global Variable Frequency Drive Average Price by Manufacturers (2019-2024)
2.6 Global Key Manufacturers of Variable Frequency Drive, Manufacturing Base Distribution and Headquarters
2.7 Global Key Manufacturers of Variable Frequency Drive, Product Offered and Application
2.8 Global Key Manufacturers of Variable Frequency Drive, Date of Enter into This Industry
2.9 Variable Frequency Drive Market Competitive Situation and Trends
2.9.1 Variable Frequency Drive Market Concentration Rate
2.9.2 Global 5 and 10 Largest Variable Frequency Drive Players Market Share by Revenue
2.10 Mergers & Acquisitions, Expansion
3 Variable Frequency Drive Production by Region
3.1 Global Variable Frequency Drive Production Value Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.2 Global Variable Frequency Drive Production Value by Region (2019-2030)
3.2.1 Global Variable Frequency Drive Production Value Market Share by Region (2019-2024)
3.2.2 Global Forecasted Production Value of Variable Frequency Drive by Region (2025-2030)
3.3 Global Variable Frequency Drive Production Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.4 Global Variable Frequency Drive Production by Region (2019-2030)
3.4.1 Global Variable Frequency Drive Production Market Share by Region (2019-2024)
3.4.2 Global Forecasted Production of Variable Frequency Drive by Region (2025-2030)
3.5 Global Variable Frequency Drive Market Price Analysis by Region (2019-2024)
3.6 Global Variable Frequency Drive Production and Value, Year-over-Year Growth
3.6.1 North America Variable Frequency Drive Production Value Estimates and Forecasts (2019-2030)
3.6.2 Europe Variable Frequency Drive Production Value Estimates and Forecasts (2019-2030)
3.6.3 China Variable Frequency Drive Production Value Estimates and Forecasts (2019-2030)
3.6.4 Japan Variable Frequency Drive Production Value Estimates and Forecasts (2019-2030)
4 Variable Frequency Drive Consumption by Region
4.1 Global Variable Frequency Drive Consumption Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
4.2 Global Variable Frequency Drive Consumption by Region (2019-2030)
4.2.1 Global Variable Frequency Drive Consumption by Region (2019-2024)
4.2.2 Global Variable Frequency Drive Forecasted Consumption by Region (2025-2030)
4.3 North America
4.3.1 North America Variable Frequency Drive Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.3.2 North America Variable Frequency Drive Consumption by Country (2019-2030)
4.3.3 U.S.
4.3.4 Canada
4.4 Europe
4.4.1 Europe Variable Frequency Drive Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.4.2 Europe Variable Frequency Drive Consumption by Country (2019-2030)
4.4.3 Germany
4.4.4 France
4.4.5 U.K.
4.4.6 Italy
4.4.7 Russia
4.5 Asia Pacific
4.5.1 Asia Pacific Variable Frequency Drive Consumption Growth Rate by Region: 2019 VS 2023 VS 2030
4.5.2 Asia Pacific Variable Frequency Drive Consumption by Region (2019-2030)
4.5.3 China
4.5.4 Japan
4.5.5 South Korea
4.5.6 China Taiwan
4.5.7 Southeast Asia
4.5.8 India
4.6 Latin America, Middle East & Africa
4.6.1 Latin America, Middle East & Africa Variable Frequency Drive Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.6.2 Latin America, Middle East & Africa Variable Frequency Drive Consumption by Country (2019-2030)
4.6.3 Mexico
4.6.4 Brazil
4.6.5 Turkey
5 Segment by Type
5.1 Global Variable Frequency Drive Production by Type (2019-2030)
5.1.1 Global Variable Frequency Drive Production by Type (2019-2024)
5.1.2 Global Variable Frequency Drive Production by Type (2025-2030)
5.1.3 Global Variable Frequency Drive Production Market Share by Type (2019-2030)
5.2 Global Variable Frequency Drive Production Value by Type (2019-2030)
5.2.1 Global Variable Frequency Drive Production Value by Type (2019-2024)
5.2.2 Global Variable Frequency Drive Production Value by Type (2025-2030)
5.2.3 Global Variable Frequency Drive Production Value Market Share by Type (2019-2030)
5.3 Global Variable Frequency Drive Price by Type (2019-2030)
6 Segment by Application
6.1 Global Variable Frequency Drive Production by Application (2019-2030)
6.1.1 Global Variable Frequency Drive Production by Application (2019-2024)
6.1.2 Global Variable Frequency Drive Production by Application (2025-2030)
6.1.3 Global Variable Frequency Drive Production Market Share by Application (2019-2030)
6.2 Global Variable Frequency Drive Production Value by Application (2019-2030)
6.2.1 Global Variable Frequency Drive Production Value by Application (2019-2024)
6.2.2 Global Variable Frequency Drive Production Value by Application (2025-2030)
6.2.3 Global Variable Frequency Drive Production Value Market Share by Application (2019-2030)
6.3 Global Variable Frequency Drive Price by Application (2019-2030)
7 Key Companies Profiled
7.1 ABB
7.1.1 ABB Variable Frequency Drive Corporation Information
7.1.2 ABB Variable Frequency Drive Product Portfolio
7.1.3 ABB Variable Frequency Drive Production, Value, Price and Gross Margin (2019-2024)
7.1.4 ABB Main Business and Markets Served
7.1.5 ABB Recent Developments/Updates
7.2 Siemens
7.2.1 Siemens Variable Frequency Drive Corporation Information
7.2.2 Siemens Variable Frequency Drive Product Portfolio
7.2.3 Siemens Variable Frequency Drive Production, Value, Price and Gross Margin (2019-2024)
7.2.4 Siemens Main Business and Markets Served
7.2.5 Siemens Recent Developments/Updates
7.3 Schneider Electric
7.3.1 Schneider Electric Variable Frequency Drive Corporation Information
7.3.2 Schneider Electric Variable Frequency Drive Product Portfolio
7.3.3 Schneider Electric Variable Frequency Drive Production, Value, Price and Gross Margin (2019-2024)
7.3.4 Schneider Electric Main Business and Markets Served
7.3.5 Schneider Electric Recent Developments/Updates
7.4 Danfoss
7.4.1 Danfoss Variable Frequency Drive Corporation Information
7.4.2 Danfoss Variable Frequency Drive Product Portfolio
7.4.3 Danfoss Variable Frequency Drive Production, Value, Price and Gross Margin (2019-2024)
7.4.4 Danfoss Main Business and Markets Served
7.4.5 Danfoss Recent Developments/Updates
7.5 Rockwell Automation
7.5.1 Rockwell Automation Variable Frequency Drive Corporation Information
7.5.2 Rockwell Automation Variable Frequency Drive Product Portfolio
7.5.3 Rockwell Automation Variable Frequency Drive Production, Value, Price and Gross Margin (2019-2024)
7.5.4 Rockwell Automation Main Business and Markets Served
7.5.5 Rockwell Automation Recent Developments/Updates
7.6 Crompton Greaves
7.6.1 Crompton Greaves Variable Frequency Drive Corporation Information
7.6.2 Crompton Greaves Variable Frequency Drive Product Portfolio
7.6.3 Crompton Greaves Variable Frequency Drive Production, Value, Price and Gross Margin (2019-2024)
7.6.4 Crompton Greaves Main Business and Markets Served
7.6.5 Crompton Greaves Recent Developments/Updates
7.7 Eaton
7.7.1 Eaton Variable Frequency Drive Corporation Information
7.7.2 Eaton Variable Frequency Drive Product Portfolio
7.7.3 Eaton Variable Frequency Drive Production, Value, Price and Gross Margin (2019-2024)
7.7.4 Eaton Main Business and Markets Served
7.7.5 Eaton Recent Developments/Updates
7.8 Fuji Electric
7.8.1 Fuji Electric Variable Frequency Drive Corporation Information
7.8.2 Fuji Electric Variable Frequency Drive Product Portfolio
7.8.3 Fuji Electric Variable Frequency Drive Production, Value, Price and Gross Margin (2019-2024)
7.8.4 Fuji Electric Main Business and Markets Served
7.7.5 Fuji Electric Recent Developments/Updates
7.9 Hitachi
7.9.1 Hitachi Variable Frequency Drive Corporation Information
7.9.2 Hitachi Variable Frequency Drive Product Portfolio
7.9.3 Hitachi Variable Frequency Drive Production, Value, Price and Gross Margin (2019-2024)
7.9.4 Hitachi Main Business and Markets Served
7.9.5 Hitachi Recent Developments/Updates
7.10 Nidec
7.10.1 Nidec Variable Frequency Drive Corporation Information
7.10.2 Nidec Variable Frequency Drive Product Portfolio
7.10.3 Nidec Variable Frequency Drive Production, Value, Price and Gross Margin (2019-2024)
7.10.4 Nidec Main Business and Markets Served
7.10.5 Nidec Recent Developments/Updates
7.11 Tmeic
7.11.1 Tmeic Variable Frequency Drive Corporation Information
7.11.2 Tmeic Variable Frequency Drive Product Portfolio
7.11.3 Tmeic Variable Frequency Drive Production, Value, Price and Gross Margin (2019-2024)
7.11.4 Tmeic Main Business and Markets Served
7.11.5 Tmeic Recent Developments/Updates
7.12 Weg
7.12.1 Weg Variable Frequency Drive Corporation Information
7.12.2 Weg Variable Frequency Drive Product Portfolio
7.12.3 Weg Variable Frequency Drive Production, Value, Price and Gross Margin (2019-2024)
7.12.4 Weg Main Business and Markets Served
7.12.5 Weg Recent Developments/Updates
7.13 Yaskawa
7.13.1 Yaskawa Variable Frequency Drive Corporation Information
7.13.2 Yaskawa Variable Frequency Drive Product Portfolio
7.13.3 Yaskawa Variable Frequency Drive Production, Value, Price and Gross Margin (2019-2024)
7.13.4 Yaskawa Main Business and Markets Served
7.13.5 Yaskawa Recent Developments/Updates
8 Industry Chain and Sales Channels Analysis
8.1 Variable Frequency Drive Industry Chain Analysis
8.2 Variable Frequency Drive Key Raw Materials
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.3 Variable Frequency Drive Production Mode & Process
8.4 Variable Frequency Drive Sales and Marketing
8.4.1 Variable Frequency Drive Sales Channels
8.4.2 Variable Frequency Drive Distributors
8.5 Variable Frequency Drive Customers
9 Variable Frequency Drive Market Dynamics
9.1 Variable Frequency Drive Industry Trends
9.2 Variable Frequency Drive Market Drivers
9.3 Variable Frequency Drive Market Challenges
9.4 Variable Frequency Drive Market Restraints
10 Research Finding and Conclusion
11 Methodology and Data Source
11.1 Methodology/Research Approach
11.1.1 Research Programs/Design
11.1.2 Market Size Estimation
11.1.3 Market Breakdown and Data Triangulation
11.2 Data Source
11.2.1 Secondary Sources
11.2.2 Primary Sources
11.3 Author List
11.4 Disclaimer
Published By : QY Research
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