Market Overview:
The global variable frequency drivers market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for energy-efficient and reliable drives across various industries. Additionally, the growing trend of Industry 4.0 is also expected to fuel the demand for variable frequency drivers in the coming years. The global variable frequency drivers market can be segmented on the basis of type, application, and region. On the basis of type, it can be divided into AC drivers, DC drivers, and servo drives. The AC driver segment is projected to hold a major share in terms of revenue in 2018 owing to its high adoption rate across various industries such as HVAC control system, food processing, petrochemicals etc.
Product Definition:
Variable Frequency Drivers are used to control the speed of an electric motor by varying the frequency of the power supplied to it. This allows for more precise control of motor speed, and can result in energy savings by allowing motors to run at their most efficient speeds. Variable Frequency Drivers are often used in industrial applications where precise control over motor speed is important.
AC Drivers:
AC drivers are used to convert the low frequency AC power supply into the high frequency DC power supply. The main function of these devices is to step down or boost the voltage levels of AC input voltages. These are widely used in solar systems, battery chargers, and other electronic equipment that requires a constant voltage source for operation.
DC Drivers:
DC drivers are used in variable frequency drives to generate the high-frequency AC current needed for operating the electronic components. The DC driver consists of a transformer, rectifier diodes, filter capacitor and an electronic control unit. The varied current produced by DC drivers is directed towards different load circuits with the help of switch mode power supply (SMPS).
Application Insights:
The global variable frequency drivers market has been segmented on the basis of application into HVAC control system, food processing, petrochemicals, mining and metals, power generation and other industries. The HVAC control system segment accounted for a major share in 2016 owing to increasing demand for energy-efficient products. This is likely to drive the growth of this market over the forecast period.
The growing need to conserve energy while maintaining reliable performance from air conditioning systems is expected to have a positive impact on product demand over the next eight years in North America and Europe. In addition, technological advancements such as software-defined networking are further anticipated to propel industry growth across all regions globally due to its flexible nature that can adapt easily with evolving technologies worldwide.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing region over the forecast period owing to increasing demand for variable frequency drive products in countries, such as China and India. The growing manufacturing sector in these countries is likely to boost product demand. In addition, rising energy consumption coupled with stringent environmental regulations are projected to propel VFDs market growth across Asia Pacific.
The Middle East & Africa market was valued at USD X million in 2017 and is anticipated to grow at a significant rate over the forecast period owing high oil production which has led this region being called as petroleum capital of the world’s economy thus making it one of the most lucrative regions for VFD manufacturers across industries including HVAC, water treatment, food processing etcetera.
Growth Factors:
- Increasing demand for energy-efficient and eco-friendly devices
- Rising disposable income of consumers
- Technological advancements in variable frequency drivers
- Growing popularity of smart homes and buildings
- Proliferation of internet of things (IoT)
Scope Of The Report
Report Attributes
Report Details
Report Title
Variable Frequency Drivers Market Research Report
By Type
AC Drivers, DC Drivers, Servo Drivers
By Application
HVAC Control System, Food Processing, Petrochemicals, Mining and Metals, Others
By Companies
ABB Ltd. (Switzerland), Siemens AG (Germany), Schneider Electric (France), Danfoss (Denmark), Rockwell Automation, Inc. (U.S.), WEG (Brazil), Yaskawa Electric Corporation (Japan), Eaton Corporation Plc. (Ireland), General Electric (U.S.), Emerson Electric Co. (U.S.), ABB Ltd. (Switzerland), Crompton Greaves (India), Mitsubishi Electric Corporation (Japan), Fuji Electric Co., Ltd. (Japan)
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
153
Number of Tables & Figures
108
Customization Available
Yes, the report can be customized as per your need.
Global Variable Frequency Drivers Market Report Segments:
The global Variable Frequency Drivers market is segmented on the basis of:
Types
AC Drivers, DC Drivers, Servo Drivers
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
HVAC Control System, Food Processing, Petrochemicals, Mining and Metals, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- ABB Ltd. (Switzerland)
- Siemens AG (Germany)
- Schneider Electric (France)
- Danfoss (Denmark)
- Rockwell Automation, Inc. (U.S.)
- WEG (Brazil)
- Yaskawa Electric Corporation (Japan)
- Eaton Corporation Plc. (Ireland)
- General Electric (U.S.)
- Emerson Electric Co. (U.S.)
- ABB Ltd. (Switzerland)
- Crompton Greaves (India)
- Mitsubishi Electric Corporation (Japan)
- Fuji Electric Co., Ltd. (Japan)
Highlights of The Variable Frequency Drivers Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- AC Drivers
- DC Drivers
- Servo Drivers
- By Application:
- HVAC Control System
- Food Processing
- Petrochemicals
- Mining and Metals
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Variable Frequency Drivers Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Variable frequency drivers (VFDs) are a type of electric motor that can be controlled to run at different speeds, or frequencies. This allows them to be used in applications where precise speed control is needed, such as fans and pumps. VFDs are also often used in industrial settings, where they provide efficient and reliable power generation.
Some of the major players in the variable frequency drivers market are ABB Ltd. (Switzerland), Siemens AG (Germany), Schneider Electric (France), Danfoss (Denmark), Rockwell Automation, Inc. (U.S.), WEG (Brazil), Yaskawa Electric Corporation (Japan), Eaton Corporation Plc. (Ireland), General Electric (U.S.), Emerson Electric Co. (U.S.), ABB Ltd. (Switzerland), Crompton Greaves (India), Mitsubishi Electric Corporation (Japan), Fuji Electric Co., Ltd. (Japan).
The variable frequency drivers market is expected to grow at a compound annual growth rate of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Variable Frequency Drivers Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Variable Frequency Drivers Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Variable Frequency Drivers Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Variable Frequency Drivers Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Variable Frequency Drivers Market Size & Forecast, 2020-2028
4.5.1 Variable Frequency Drivers Market Size and Y-o-Y Growth
4.5.2 Variable Frequency Drivers Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 AC Drivers
5.2.2 DC Drivers
5.2.3 Servo Drivers
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 HVAC Control System
6.2.2 Food Processing
6.2.3 Petrochemicals
6.2.4 Mining and Metals
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Variable Frequency Drivers Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Variable Frequency Drivers Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 AC Drivers
9.6.2 DC Drivers
9.6.3 Servo Drivers
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 HVAC Control System
9.10.2 Food Processing
9.10.3 Petrochemicals
9.10.4 Mining and Metals
9.10.5 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 AC Drivers
10.6.2 DC Drivers
10.6.3 Servo Drivers
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 HVAC Control System
10.10.2 Food Processing
10.10.3 Petrochemicals
10.10.4 Mining and Metals
10.10.5 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 AC Drivers
11.6.2 DC Drivers
11.6.3 Servo Drivers
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 HVAC Control System
11.10.2 Food Processing
11.10.3 Petrochemicals
11.10.4 Mining and Metals
11.10.5 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 AC Drivers
12.6.2 DC Drivers
12.6.3 Servo Drivers
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 HVAC Control System
12.10.2 Food Processing
12.10.3 Petrochemicals
12.10.4 Mining and Metals
12.10.5 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 AC Drivers
13.6.2 DC Drivers
13.6.3 Servo Drivers
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 HVAC Control System
13.10.2 Food Processing
13.10.3 Petrochemicals
13.10.4 Mining and Metals
13.10.5 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Variable Frequency Drivers Market: Competitive Dashboard
14.2 Global Variable Frequency Drivers Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ABB Ltd. (Switzerland)
14.3.2 Siemens AG (Germany)
14.3.3 Schneider Electric (France)
14.3.4 Danfoss (Denmark)
14.3.5 Rockwell Automation, Inc. (U.S.)
14.3.6 WEG (Brazil)
14.3.7 Yaskawa Electric Corporation (Japan)
14.3.8 Eaton Corporation Plc. (Ireland)
14.3.9 General Electric (U.S.)
14.3.10 Emerson Electric Co. (U.S.)
14.3.11 ABB Ltd. (Switzerland)
14.3.12 Crompton Greaves (India)
14.3.13 Mitsubishi Electric Corporation (Japan)
14.3.14 Fuji Electric Co., Ltd. (Japan)
