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Machinery & Equipment Global VFD (Variable Frequency Drives) Market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2030

  • RnM4596852
    • |
  • 02 July, 2024
    • |
  • Global
    • |
  • 133 Pages
    • |
  • GIR (Global Info Research)
    • |
  • Machinery & Equipment

According to our (Global Info Research) latest study, the global VFD (Variable Frequency Drives) market size was valued at USD 15400 million in 2023 and is forecast to a readjusted size of USD 18660 million by 2030 with a CAGR of 2.8% during review period.
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 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%.
The Global Info Research report includes an overview of the development of the VFD (Variable Frequency Drives) industry chain, the market status of Pumps (Low Voltage (0-690V), Medium Voltage (690V-3000V)), Fans (Low Voltage (0-690V), Medium Voltage (690V-3000V)), and key enterprises in developed and developing market, and analysed the cutting-edge technology, patent, hot applications and market trends of VFD (Variable Frequency Drives).
Regionally, the report analyzes the VFD (Variable Frequency Drives) markets in key regions. North America and Europe are experiencing steady growth, driven by government initiatives and increasing consumer awareness. Asia-Pacific, particularly China, leads the global VFD (Variable Frequency Drives) market, with robust domestic demand, supportive policies, and a strong manufacturing base.
Key Features:
The report presents comprehensive understanding of the VFD (Variable Frequency Drives) market. It provides a holistic view of the industry, as well as detailed insights into individual components and stakeholders. The report analysis market dynamics, trends, challenges, and opportunities within the VFD (Variable Frequency Drives) industry.
The report involves analyzing the market at a macro level:
Market Sizing and Segmentation: Report collect data on the overall market size, including the sales quantity (K Units), revenue generated, and market share of different by Type (e.g., Low Voltage (0-690V), Medium Voltage (690V-3000V)).
Industry Analysis: Report analyse the broader industry trends, such as government policies and regulations, technological advancements, consumer preferences, and market dynamics. This analysis helps in understanding the key drivers and challenges influencing the VFD (Variable Frequency Drives) market.
Regional Analysis: The report involves examining the VFD (Variable Frequency Drives) market at a regional or national level. Report analyses regional factors such as government incentives, infrastructure development, economic conditions, and consumer behaviour to identify variations and opportunities within different markets.
Market Projections: Report covers the gathered data and analysis to make future projections and forecasts for the VFD (Variable Frequency Drives) market. This may include estimating market growth rates, predicting market demand, and identifying emerging trends.
The report also involves a more granular approach to VFD (Variable Frequency Drives):
Company Analysis: Report covers individual VFD (Variable Frequency Drives) manufacturers, suppliers, and other relevant industry players. This analysis includes studying their financial performance, market positioning, product portfolios, partnerships, and strategies.
Consumer Analysis: Report covers data on consumer behaviour, preferences, and attitudes towards VFD (Variable Frequency Drives) This may involve surveys, interviews, and analysis of consumer reviews and feedback from different by Application (Pumps, Fans).
Technology Analysis: Report covers specific technologies relevant to VFD (Variable Frequency Drives). It assesses the current state, advancements, and potential future developments in VFD (Variable Frequency Drives) areas.
Competitive Landscape: By analyzing individual companies, suppliers, and consumers, the report present insights into the competitive landscape of the VFD (Variable Frequency Drives) market. This analysis helps understand market share, competitive advantages, and potential areas for differentiation among industry players.
Market Validation: The report involves validating findings and projections through primary research, such as surveys, interviews, and focus groups.
Market Segmentation
VFD (Variable Frequency Drives) market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value.
Market segment by Type
Low Voltage (0-690V)
Medium Voltage (690V-3000V)
High Voltage (3 kV-10 kV)
Market segment by Application
Pumps
Fans
Compressors
Conveyors
Elevators
Extruders
Others
Major players covered
ABB
Siemens
Schneider Electric
Emerson Electric
Yaskawa Electric
Mitsubishi
Hitach
Danfoss
Toshiba
Fuji Electric
Rockwell Automation
Inovance
Hiconics
INVT
Slanvert
EURA Drives
Market segment by region, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe VFD (Variable Frequency Drives) product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of VFD (Variable Frequency Drives), with price, sales, revenue and global market share of VFD (Variable Frequency Drives) from 2019 to 2024.
Chapter 3, the VFD (Variable Frequency Drives) competitive situation, sales quantity, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the VFD (Variable Frequency Drives) breakdown data are shown at the regional level, to show the sales quantity, consumption value and growth by regions, from 2019 to 2030.
Chapter 5 and 6, to segment the sales by Type and application, with sales market share and growth rate by type, application, from 2019 to 2030.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value and market share for key countries in the world, from 2017 to 2023.and VFD (Variable Frequency Drives) market forecast, by regions, type and application, with sales and revenue, from 2025 to 2030.
Chapter 12, market dynamics, drivers, restraints, trends and Porters Five Forces analysis.
Chapter 13, the key raw materials and key suppliers, and industry chain of VFD (Variable Frequency Drives).
Chapter 14 and 15, to describe VFD (Variable Frequency Drives) sales channel, distributors, customers, research findings and conclusion.


1 Market Overview

  • 1.1 Product Overview and Scope of VFD (Variable Frequency Drives)
  • 1.2 Market Estimation Caveats and Base Year
  • 1.3 Market Analysis by Type
    • 1.3.1 Overview: Global VFD (Variable Frequency Drives) Consumption Value by Type: 2019 Versus 2023 Versus 2030
    • 1.3.2 Low Voltage (0-690V)
    • 1.3.3 Medium Voltage (690V-3000V)
    • 1.3.4 High Voltage (3 kV-10 kV)
  • 1.4 Market Analysis by Application
    • 1.4.1 Overview: Global VFD (Variable Frequency Drives) Consumption Value by Application: 2019 Versus 2023 Versus 2030
    • 1.4.2 Pumps
    • 1.4.3 Fans
    • 1.4.4 Compressors
    • 1.4.5 Conveyors
    • 1.4.6 Elevators
    • 1.4.7 Extruders
    • 1.4.8 Others
  • 1.5 Global VFD (Variable Frequency Drives) Market Size & Forecast
    • 1.5.1 Global VFD (Variable Frequency Drives) Consumption Value (2019 & 2023 & 2030)
    • 1.5.2 Global VFD (Variable Frequency Drives) Sales Quantity (2019-2030)
    • 1.5.3 Global VFD (Variable Frequency Drives) Average Price (2019-2030)

2 Manufacturers Profiles

  • 2.1 ABB
    • 2.1.1 ABB Details
    • 2.1.2 ABB Major Business
    • 2.1.3 ABB VFD (Variable Frequency Drives) Product and Services
    • 2.1.4 ABB VFD (Variable Frequency Drives) Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
    • 2.1.5 ABB Recent Developments/Updates
  • 2.2 Siemens
    • 2.2.1 Siemens Details
    • 2.2.2 Siemens Major Business
    • 2.2.3 Siemens VFD (Variable Frequency Drives) Product and Services
    • 2.2.4 Siemens VFD (Variable Frequency Drives) Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
    • 2.2.5 Siemens Recent Developments/Updates
  • 2.3 Schneider Electric
    • 2.3.1 Schneider Electric Details
    • 2.3.2 Schneider Electric Major Business
    • 2.3.3 Schneider Electric VFD (Variable Frequency Drives) Product and Services
    • 2.3.4 Schneider Electric VFD (Variable Frequency Drives) Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
    • 2.3.5 Schneider Electric Recent Developments/Updates
  • 2.4 Emerson Electric
    • 2.4.1 Emerson Electric Details
    • 2.4.2 Emerson Electric Major Business
    • 2.4.3 Emerson Electric VFD (Variable Frequency Drives) Product and Services
    • 2.4.4 Emerson Electric VFD (Variable Frequency Drives) Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
    • 2.4.5 Emerson Electric Recent Developments/Updates
  • 2.5 Yaskawa Electric
    • 2.5.1 Yaskawa Electric Details
    • 2.5.2 Yaskawa Electric Major Business
    • 2.5.3 Yaskawa Electric VFD (Variable Frequency Drives) Product and Services
    • 2.5.4 Yaskawa Electric VFD (Variable Frequency Drives) Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
    • 2.5.5 Yaskawa Electric Recent Developments/Updates
  • 2.6 Mitsubishi
    • 2.6.1 Mitsubishi Details
    • 2.6.2 Mitsubishi Major Business
    • 2.6.3 Mitsubishi VFD (Variable Frequency Drives) Product and Services
    • 2.6.4 Mitsubishi VFD (Variable Frequency Drives) Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
    • 2.6.5 Mitsubishi Recent Developments/Updates
  • 2.7 Hitach
    • 2.7.1 Hitach Details
    • 2.7.2 Hitach Major Business
    • 2.7.3 Hitach VFD (Variable Frequency Drives) Product and Services
    • 2.7.4 Hitach VFD (Variable Frequency Drives) Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
    • 2.7.5 Hitach Recent Developments/Updates
  • 2.8 Danfoss
    • 2.8.1 Danfoss Details
    • 2.8.2 Danfoss Major Business
    • 2.8.3 Danfoss VFD (Variable Frequency Drives) Product and Services
    • 2.8.4 Danfoss VFD (Variable Frequency Drives) Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
    • 2.8.5 Danfoss Recent Developments/Updates
  • 2.9 Toshiba
    • 2.9.1 Toshiba Details
    • 2.9.2 Toshiba Major Business
    • 2.9.3 Toshiba VFD (Variable Frequency Drives) Product and Services
    • 2.9.4 Toshiba VFD (Variable Frequency Drives) Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
    • 2.9.5 Toshiba Recent Developments/Updates
  • 2.10 Fuji Electric
    • 2.10.1 Fuji Electric Details
    • 2.10.2 Fuji Electric Major Business
    • 2.10.3 Fuji Electric VFD (Variable Frequency Drives) Product and Services
    • 2.10.4 Fuji Electric VFD (Variable Frequency Drives) Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
    • 2.10.5 Fuji Electric Recent Developments/Updates
  • 2.11 Rockwell Automation
    • 2.11.1 Rockwell Automation Details
    • 2.11.2 Rockwell Automation Major Business
    • 2.11.3 Rockwell Automation VFD (Variable Frequency Drives) Product and Services
    • 2.11.4 Rockwell Automation VFD (Variable Frequency Drives) Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
    • 2.11.5 Rockwell Automation Recent Developments/Updates
  • 2.12 Inovance
    • 2.12.1 Inovance Details
    • 2.12.2 Inovance Major Business
    • 2.12.3 Inovance VFD (Variable Frequency Drives) Product and Services
    • 2.12.4 Inovance VFD (Variable Frequency Drives) Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
    • 2.12.5 Inovance Recent Developments/Updates
  • 2.13 Hiconics
    • 2.13.1 Hiconics Details
    • 2.13.2 Hiconics Major Business
    • 2.13.3 Hiconics VFD (Variable Frequency Drives) Product and Services
    • 2.13.4 Hiconics VFD (Variable Frequency Drives) Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
    • 2.13.5 Hiconics Recent Developments/Updates
  • 2.14 INVT
    • 2.14.1 INVT Details
    • 2.14.2 INVT Major Business
    • 2.14.3 INVT VFD (Variable Frequency Drives) Product and Services
    • 2.14.4 INVT VFD (Variable Frequency Drives) Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
    • 2.14.5 INVT Recent Developments/Updates
  • 2.15 Slanvert
    • 2.15.1 Slanvert Details
    • 2.15.2 Slanvert Major Business
    • 2.15.3 Slanvert VFD (Variable Frequency Drives) Product and Services
    • 2.15.4 Slanvert VFD (Variable Frequency Drives) Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
    • 2.15.5 Slanvert Recent Developments/Updates
  • 2.16 EURA Drives
    • 2.16.1 EURA Drives Details
    • 2.16.2 EURA Drives Major Business
    • 2.16.3 EURA Drives VFD (Variable Frequency Drives) Product and Services
    • 2.16.4 EURA Drives VFD (Variable Frequency Drives) Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
    • 2.16.5 EURA Drives Recent Developments/Updates

3 Competitive Environment: VFD (Variable Frequency Drives) by Manufacturer

  • 3.1 Global VFD (Variable Frequency Drives) Sales Quantity by Manufacturer (2019-2024)
  • 3.2 Global VFD (Variable Frequency Drives) Revenue by Manufacturer (2019-2024)
  • 3.3 Global VFD (Variable Frequency Drives) Average Price by Manufacturer (2019-2024)
  • 3.4 Market Share Analysis (2023)
    • 3.4.1 Producer Shipments of VFD (Variable Frequency Drives) by Manufacturer Revenue ($MM) and Market Share (%): 2023
    • 3.4.2 Top 3 VFD (Variable Frequency Drives) Manufacturer Market Share in 2023
    • 3.4.2 Top 6 VFD (Variable Frequency Drives) Manufacturer Market Share in 2023
  • 3.5 VFD (Variable Frequency Drives) Market: Overall Company Footprint Analysis
    • 3.5.1 VFD (Variable Frequency Drives) Market: Region Footprint
    • 3.5.2 VFD (Variable Frequency Drives) Market: Company Product Type Footprint
    • 3.5.3 VFD (Variable Frequency Drives) Market: Company Product Application Footprint
  • 3.6 New Market Entrants and Barriers to Market Entry
  • 3.7 Mergers, Acquisition, Agreements, and Collaborations

4 Consumption Analysis by Region

  • 4.1 Global VFD (Variable Frequency Drives) Market Size by Region
    • 4.1.1 Global VFD (Variable Frequency Drives) Sales Quantity by Region (2019-2030)
    • 4.1.2 Global VFD (Variable Frequency Drives) Consumption Value by Region (2019-2030)
    • 4.1.3 Global VFD (Variable Frequency Drives) Average Price by Region (2019-2030)
  • 4.2 North America VFD (Variable Frequency Drives) Consumption Value (2019-2030)
  • 4.3 Europe VFD (Variable Frequency Drives) Consumption Value (2019-2030)
  • 4.4 Asia-Pacific VFD (Variable Frequency Drives) Consumption Value (2019-2030)
  • 4.5 South America VFD (Variable Frequency Drives) Consumption Value (2019-2030)
  • 4.6 Middle East and Africa VFD (Variable Frequency Drives) Consumption Value (2019-2030)

5 Market Segment by Type

  • 5.1 Global VFD (Variable Frequency Drives) Sales Quantity by Type (2019-2030)
  • 5.2 Global VFD (Variable Frequency Drives) Consumption Value by Type (2019-2030)
  • 5.3 Global VFD (Variable Frequency Drives) Average Price by Type (2019-2030)

6 Market Segment by Application

  • 6.1 Global VFD (Variable Frequency Drives) Sales Quantity by Application (2019-2030)
  • 6.2 Global VFD (Variable Frequency Drives) Consumption Value by Application (2019-2030)
  • 6.3 Global VFD (Variable Frequency Drives) Average Price by Application (2019-2030)

7 North America

  • 7.1 North America VFD (Variable Frequency Drives) Sales Quantity by Type (2019-2030)
  • 7.2 North America VFD (Variable Frequency Drives) Sales Quantity by Application (2019-2030)
  • 7.3 North America VFD (Variable Frequency Drives) Market Size by Country
    • 7.3.1 North America VFD (Variable Frequency Drives) Sales Quantity by Country (2019-2030)
    • 7.3.2 North America VFD (Variable Frequency Drives) Consumption Value by Country (2019-2030)
    • 7.3.3 United States Market Size and Forecast (2019-2030)
    • 7.3.4 Canada Market Size and Forecast (2019-2030)
    • 7.3.5 Mexico Market Size and Forecast (2019-2030)

8 Europe

  • 8.1 Europe VFD (Variable Frequency Drives) Sales Quantity by Type (2019-2030)
  • 8.2 Europe VFD (Variable Frequency Drives) Sales Quantity by Application (2019-2030)
  • 8.3 Europe VFD (Variable Frequency Drives) Market Size by Country
    • 8.3.1 Europe VFD (Variable Frequency Drives) Sales Quantity by Country (2019-2030)
    • 8.3.2 Europe VFD (Variable Frequency Drives) Consumption Value by Country (2019-2030)
    • 8.3.3 Germany Market Size and Forecast (2019-2030)
    • 8.3.4 France Market Size and Forecast (2019-2030)
    • 8.3.5 United Kingdom Market Size and Forecast (2019-2030)
    • 8.3.6 Russia Market Size and Forecast (2019-2030)
    • 8.3.7 Italy Market Size and Forecast (2019-2030)

9 Asia-Pacific

  • 9.1 Asia-Pacific VFD (Variable Frequency Drives) Sales Quantity by Type (2019-2030)
  • 9.2 Asia-Pacific VFD (Variable Frequency Drives) Sales Quantity by Application (2019-2030)
  • 9.3 Asia-Pacific VFD (Variable Frequency Drives) Market Size by Region
    • 9.3.1 Asia-Pacific VFD (Variable Frequency Drives) Sales Quantity by Region (2019-2030)
    • 9.3.2 Asia-Pacific VFD (Variable Frequency Drives) Consumption Value by Region (2019-2030)
    • 9.3.3 China Market Size and Forecast (2019-2030)
    • 9.3.4 Japan Market Size and Forecast (2019-2030)
    • 9.3.5 Korea Market Size and Forecast (2019-2030)
    • 9.3.6 India Market Size and Forecast (2019-2030)
    • 9.3.7 Southeast Asia Market Size and Forecast (2019-2030)
    • 9.3.8 Australia Market Size and Forecast (2019-2030)

10 South America

  • 10.1 South America VFD (Variable Frequency Drives) Sales Quantity by Type (2019-2030)
  • 10.2 South America VFD (Variable Frequency Drives) Sales Quantity by Application (2019-2030)
  • 10.3 South America VFD (Variable Frequency Drives) Market Size by Country
    • 10.3.1 South America VFD (Variable Frequency Drives) Sales Quantity by Country (2019-2030)
    • 10.3.2 South America VFD (Variable Frequency Drives) Consumption Value by Country (2019-2030)
    • 10.3.3 Brazil Market Size and Forecast (2019-2030)
    • 10.3.4 Argentina Market Size and Forecast (2019-2030)

11 Middle East & Africa

  • 11.1 Middle East & Africa VFD (Variable Frequency Drives) Sales Quantity by Type (2019-2030)
  • 11.2 Middle East & Africa VFD (Variable Frequency Drives) Sales Quantity by Application (2019-2030)
  • 11.3 Middle East & Africa VFD (Variable Frequency Drives) Market Size by Country
    • 11.3.1 Middle East & Africa VFD (Variable Frequency Drives) Sales Quantity by Country (2019-2030)
    • 11.3.2 Middle East & Africa VFD (Variable Frequency Drives) Consumption Value by Country (2019-2030)
    • 11.3.3 Turkey Market Size and Forecast (2019-2030)
    • 11.3.4 Egypt Market Size and Forecast (2019-2030)
    • 11.3.5 Saudi Arabia Market Size and Forecast (2019-2030)
    • 11.3.6 South Africa Market Size and Forecast (2019-2030)

12 Market Dynamics

  • 12.1 VFD (Variable Frequency Drives) Market Drivers
  • 12.2 VFD (Variable Frequency Drives) Market Restraints
  • 12.3 VFD (Variable Frequency Drives) Trends Analysis
  • 12.4 Porters Five Forces Analysis
    • 12.4.1 Threat of New Entrants
    • 12.4.2 Bargaining Power of Suppliers
    • 12.4.3 Bargaining Power of Buyers
    • 12.4.4 Threat of Substitutes
    • 12.4.5 Competitive Rivalry

13 Raw Material and Industry Chain

  • 13.1 Raw Material of VFD (Variable Frequency Drives) and Key Manufacturers
  • 13.2 Manufacturing Costs Percentage of VFD (Variable Frequency Drives)
  • 13.3 VFD (Variable Frequency Drives) Production Process
  • 13.4 VFD (Variable Frequency Drives) Industrial Chain

14 Shipments by Distribution Channel

  • 14.1 Sales Channel
    • 14.1.1 Direct to End-User
    • 14.1.2 Distributors
  • 14.2 VFD (Variable Frequency Drives) Typical Distributors
  • 14.3 VFD (Variable Frequency Drives) Typical Customers

15 Research Findings and Conclusion

    16 Appendix

    • 16.1 Methodology
    • 16.2 Research Process and Data Source

    Summary:
    Get latest Market Research Reports on VFD (Variable Frequency Drives). Industry analysis & Market Report on VFD (Variable Frequency Drives) is a syndicated market report, published as Global VFD (Variable Frequency Drives) Market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2030. It is complete Research Study and Industry Analysis of VFD (Variable Frequency Drives) market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.

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