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VFD (Variable Frequency Drives)-Global Market Insights and Sales Trends 2024

VFD (Variable Frequency Drives)-Global Market Insights and Sales Trends 2024

Publishing Date : Nov, 2023

License Type :
 

Report Code : 1828612

No of Pages : 118

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 VFD (Variable Frequency Drives) market size is expected to reach US$ 18360 million by 2029, growing at a CAGR of 2.9% from 2023 to 2029. The market is mainly driven by the significant applications of VFD (Variable Frequency Drives) in various end use industries. The expanding demands from the Pumps, Fans, Compressors and Conveyors, are propelling VFD (Variable Frequency Drives) market. Low Voltage (0-690V), 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 Medium Voltage (690V-3000V) segment is estimated at % CAGR for the next seven-year period.
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%.
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 VFD (Variable Frequency Drives), 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 VFD (Variable Frequency Drives) 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 VFD (Variable Frequency Drives) market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, VFD (Variable Frequency Drives) 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 VFD (Variable Frequency Drives) covered in this report include ABB, Siemens, Schneider Electric, Emerson Electric, Yaskawa Electric, Mitsubishi, Hitach, Danfoss and Toshiba, etc.
The global VFD (Variable Frequency Drives) 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
Emerson Electric
Yaskawa Electric
Mitsubishi
Hitach
Danfoss
Toshiba
Fuji Electric
Rockwell Automation
Inovance
Hiconics
INVT
Slanvert
EURA Drives
Global VFD (Variable Frequency Drives) 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 VFD (Variable Frequency Drives) market, Segment by Type:
Low Voltage (0-690V)
Medium Voltage (690V-3000V)
High Voltage (3 kV-10 kV)
Global VFD (Variable Frequency Drives) market, by Application
Pumps
Fans
Compressors
Conveyors
Elevators
Extruders
Others
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 VFD (Variable Frequency Drives) manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of VFD (Variable Frequency Drives) 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.
Index
1 VFD (Variable Frequency Drives) Market Overview
1.1 VFD (Variable Frequency Drives) Product Overview
1.2 VFD (Variable Frequency Drives) Market Segment by Type
1.2.1 Low Voltage (0-690V)
1.2.2 Medium Voltage (690V-3000V)
1.2.3 High Voltage (3 kV-10 kV)
1.3 Global VFD (Variable Frequency Drives) Market Size by Type
1.3.1 Global VFD (Variable Frequency Drives) Market Size Overview by Type (2018-2029)
1.3.2 Global VFD (Variable Frequency Drives) Historic Market Size Review by Type (2018-2023)
1.3.3 Global VFD (Variable Frequency Drives) Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America VFD (Variable Frequency Drives) Sales Breakdown by Type (2018-2023)
1.4.2 Europe VFD (Variable Frequency Drives) Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific VFD (Variable Frequency Drives) Sales Breakdown by Type (2018-2023)
1.4.4 Latin America VFD (Variable Frequency Drives) Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa VFD (Variable Frequency Drives) Sales Breakdown by Type (2018-2023)
2 Global VFD (Variable Frequency Drives) Market Competition by Company
2.1 Global Top Players by VFD (Variable Frequency Drives) Sales (2018-2023)
2.2 Global Top Players by VFD (Variable Frequency Drives) Revenue (2018-2023)
2.3 Global Top Players by VFD (Variable Frequency Drives) Price (2018-2023)
2.4 Global Top Manufacturers VFD (Variable Frequency Drives) Manufacturing Base Distribution, Sales Area, Product Type
2.5 VFD (Variable Frequency Drives) Market Competitive Situation and Trends
2.5.1 VFD (Variable Frequency Drives) Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by VFD (Variable Frequency Drives) 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 VFD (Variable Frequency Drives) as of 2022)
2.7 Date of Key Manufacturers Enter into VFD (Variable Frequency Drives) Market
2.8 Key Manufacturers VFD (Variable Frequency Drives) Product Offered
2.9 Mergers & Acquisitions, Expansion
3 VFD (Variable Frequency Drives) Status and Outlook by Region
3.1 Global VFD (Variable Frequency Drives) Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global VFD (Variable Frequency Drives) Historic Market Size by Region
3.2.1 Global VFD (Variable Frequency Drives) Sales in Volume by Region (2018-2023)
3.2.2 Global VFD (Variable Frequency Drives) Sales in Value by Region (2018-2023)
3.2.3 Global VFD (Variable Frequency Drives) Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global VFD (Variable Frequency Drives) Forecasted Market Size by Region
3.3.1 Global VFD (Variable Frequency Drives) Sales in Volume by Region (2024-2029)
3.3.2 Global VFD (Variable Frequency Drives) Sales in Value by Region (2024-2029)
3.3.3 Global VFD (Variable Frequency Drives) Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global VFD (Variable Frequency Drives) by Application
4.1 VFD (Variable Frequency Drives) Market Segment by Application
4.1.1 Pumps
4.1.2 Fans
4.1.3 Compressors
4.1.4 Conveyors
4.1.5 Elevators
4.1.6 Extruders
4.1.7 Others
4.2 Global VFD (Variable Frequency Drives) Market Size by Application
4.2.1 Global VFD (Variable Frequency Drives) Market Size Overview by Application (2018-2029)
4.2.2 Global VFD (Variable Frequency Drives) Historic Market Size Review by Application (2018-2023)
4.2.3 Global VFD (Variable Frequency Drives) Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America VFD (Variable Frequency Drives) Sales Breakdown by Application (2018-2023)
4.3.2 Europe VFD (Variable Frequency Drives) Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific VFD (Variable Frequency Drives) Sales Breakdown by Application (2018-2023)
4.3.4 Latin America VFD (Variable Frequency Drives) Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa VFD (Variable Frequency Drives) Sales Breakdown by Application (2018-2023)
5 North America VFD (Variable Frequency Drives) by Country
5.1 North America VFD (Variable Frequency Drives) Historic Market Size by Country
5.1.1 North America VFD (Variable Frequency Drives) Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America VFD (Variable Frequency Drives) Sales in Volume by Country (2018-2023)
5.1.3 North America VFD (Variable Frequency Drives) Sales in Value by Country (2018-2023)
5.2 North America VFD (Variable Frequency Drives) Forecasted Market Size by Country
5.2.1 North America VFD (Variable Frequency Drives) Sales in Volume by Country (2024-2029)
5.2.2 North America VFD (Variable Frequency Drives) Sales in Value by Country (2024-2029)
6 Europe VFD (Variable Frequency Drives) by Country
6.1 Europe VFD (Variable Frequency Drives) Historic Market Size by Country
6.1.1 Europe VFD (Variable Frequency Drives) Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe VFD (Variable Frequency Drives) Sales in Volume by Country (2018-2023)
6.1.3 Europe VFD (Variable Frequency Drives) Sales in Value by Country (2018-2023)
6.2 Europe VFD (Variable Frequency Drives) Forecasted Market Size by Country
6.2.1 Europe VFD (Variable Frequency Drives) Sales in Volume by Country (2024-2029)
6.2.2 Europe VFD (Variable Frequency Drives) Sales in Value by Country (2024-2029)
7 Asia-Pacific VFD (Variable Frequency Drives) by Region
7.1 Asia-Pacific VFD (Variable Frequency Drives) Historic Market Size by Region
7.1.1 Asia-Pacific VFD (Variable Frequency Drives) Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific VFD (Variable Frequency Drives) Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific VFD (Variable Frequency Drives) Sales in Value by Region (2018-2023)
7.2 Asia-Pacific VFD (Variable Frequency Drives) Forecasted Market Size by Region
7.2.1 Asia-Pacific VFD (Variable Frequency Drives) Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific VFD (Variable Frequency Drives) Sales in Value by Region (2024-2029)
8 Latin America VFD (Variable Frequency Drives) by Country
8.1 Latin America VFD (Variable Frequency Drives) Historic Market Size by Country
8.1.1 Latin America VFD (Variable Frequency Drives) Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America VFD (Variable Frequency Drives) Sales in Volume by Country (2018-2023)
8.1.3 Latin America VFD (Variable Frequency Drives) Sales in Value by Country (2018-2023)
8.2 Latin America VFD (Variable Frequency Drives) Forecasted Market Size by Country
8.2.1 Latin America VFD (Variable Frequency Drives) Sales in Volume by Country (2024-2029)
8.2.2 Latin America VFD (Variable Frequency Drives) Sales in Value by Country (2024-2029)
9 Middle East and Africa VFD (Variable Frequency Drives) by Country
9.1 Middle East and Africa VFD (Variable Frequency Drives) Historic Market Size by Country
9.1.1 Middle East and Africa VFD (Variable Frequency Drives) Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa VFD (Variable Frequency Drives) Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa VFD (Variable Frequency Drives) Sales in Value by Country (2018-2023)
9.2 Middle East and Africa VFD (Variable Frequency Drives) Forecasted Market Size by Country
9.2.1 Middle East and Africa VFD (Variable Frequency Drives) Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa VFD (Variable Frequency Drives) 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 VFD (Variable Frequency Drives) Sales, Revenue and Gross Margin (2018-2023)
10.1.4 ABB VFD (Variable Frequency Drives) 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 VFD (Variable Frequency Drives) Sales, Revenue and Gross Margin (2018-2023)
10.2.4 Siemens VFD (Variable Frequency Drives) 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 VFD (Variable Frequency Drives) Sales, Revenue and Gross Margin (2018-2023)
10.3.4 Schneider Electric VFD (Variable Frequency Drives) Products Offered
10.3.5 Schneider Electric Recent Development
10.4 Emerson Electric
10.4.1 Emerson Electric Company Information
10.4.2 Emerson Electric Introduction and Business Overview
10.4.3 Emerson Electric VFD (Variable Frequency Drives) Sales, Revenue and Gross Margin (2018-2023)
10.4.4 Emerson Electric VFD (Variable Frequency Drives) Products Offered
10.4.5 Emerson Electric Recent Development
10.5 Yaskawa Electric
10.5.1 Yaskawa Electric Company Information
10.5.2 Yaskawa Electric Introduction and Business Overview
10.5.3 Yaskawa Electric VFD (Variable Frequency Drives) Sales, Revenue and Gross Margin (2018-2023)
10.5.4 Yaskawa Electric VFD (Variable Frequency Drives) Products Offered
10.5.5 Yaskawa Electric Recent Development
10.6 Mitsubishi
10.6.1 Mitsubishi Company Information
10.6.2 Mitsubishi Introduction and Business Overview
10.6.3 Mitsubishi VFD (Variable Frequency Drives) Sales, Revenue and Gross Margin (2018-2023)
10.6.4 Mitsubishi VFD (Variable Frequency Drives) Products Offered
10.6.5 Mitsubishi Recent Development
10.7 Hitach
10.7.1 Hitach Company Information
10.7.2 Hitach Introduction and Business Overview
10.7.3 Hitach VFD (Variable Frequency Drives) Sales, Revenue and Gross Margin (2018-2023)
10.7.4 Hitach VFD (Variable Frequency Drives) Products Offered
10.7.5 Hitach Recent Development
10.8 Danfoss
10.8.1 Danfoss Company Information
10.8.2 Danfoss Introduction and Business Overview
10.8.3 Danfoss VFD (Variable Frequency Drives) Sales, Revenue and Gross Margin (2018-2023)
10.8.4 Danfoss VFD (Variable Frequency Drives) Products Offered
10.8.5 Danfoss Recent Development
10.9 Toshiba
10.9.1 Toshiba Company Information
10.9.2 Toshiba Introduction and Business Overview
10.9.3 Toshiba VFD (Variable Frequency Drives) Sales, Revenue and Gross Margin (2018-2023)
10.9.4 Toshiba VFD (Variable Frequency Drives) Products Offered
10.9.5 Toshiba Recent Development
10.10 Fuji Electric
10.10.1 Fuji Electric Company Information
10.10.2 Fuji Electric Introduction and Business Overview
10.10.3 Fuji Electric VFD (Variable Frequency Drives) Sales, Revenue and Gross Margin (2018-2023)
10.10.4 Fuji Electric VFD (Variable Frequency Drives) Products Offered
10.10.5 Fuji Electric Recent Development
10.11 Rockwell Automation
10.11.1 Rockwell Automation Company Information
10.11.2 Rockwell Automation Introduction and Business Overview
10.11.3 Rockwell Automation VFD (Variable Frequency Drives) Sales, Revenue and Gross Margin (2018-2023)
10.11.4 Rockwell Automation VFD (Variable Frequency Drives) Products Offered
10.11.5 Rockwell Automation Recent Development
10.12 Inovance
10.12.1 Inovance Company Information
10.12.2 Inovance Introduction and Business Overview
10.12.3 Inovance VFD (Variable Frequency Drives) Sales, Revenue and Gross Margin (2018-2023)
10.12.4 Inovance VFD (Variable Frequency Drives) Products Offered
10.12.5 Inovance Recent Development
10.13 Hiconics
10.13.1 Hiconics Company Information
10.13.2 Hiconics Introduction and Business Overview
10.13.3 Hiconics VFD (Variable Frequency Drives) Sales, Revenue and Gross Margin (2018-2023)
10.13.4 Hiconics VFD (Variable Frequency Drives) Products Offered
10.13.5 Hiconics Recent Development
10.14 INVT
10.14.1 INVT Company Information
10.14.2 INVT Introduction and Business Overview
10.14.3 INVT VFD (Variable Frequency Drives) Sales, Revenue and Gross Margin (2018-2023)
10.14.4 INVT VFD (Variable Frequency Drives) Products Offered
10.14.5 INVT Recent Development
10.15 Slanvert
10.15.1 Slanvert Company Information
10.15.2 Slanvert Introduction and Business Overview
10.15.3 Slanvert VFD (Variable Frequency Drives) Sales, Revenue and Gross Margin (2018-2023)
10.15.4 Slanvert VFD (Variable Frequency Drives) Products Offered
10.15.5 Slanvert Recent Development
10.16 EURA Drives
10.16.1 EURA Drives Company Information
10.16.2 EURA Drives Introduction and Business Overview
10.16.3 EURA Drives VFD (Variable Frequency Drives) Sales, Revenue and Gross Margin (2018-2023)
10.16.4 EURA Drives VFD (Variable Frequency Drives) Products Offered
10.16.5 EURA Drives Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 VFD (Variable Frequency Drives) 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 VFD (Variable Frequency Drives) Industrial Chain Analysis
11.4 VFD (Variable Frequency Drives) Market Dynamics
11.4.1 VFD (Variable Frequency Drives) Industry Trends
11.4.2 VFD (Variable Frequency Drives) Market Drivers
11.4.3 VFD (Variable Frequency Drives) Market Challenges
11.4.4 VFD (Variable Frequency Drives) Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 VFD (Variable Frequency Drives) Distributors
12.3 VFD (Variable Frequency Drives) 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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