Market Overview:
The global VVVF inverters market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for energy-efficient transportation systems, especially in developed countries. In addition, the growing awareness about environment-friendly transportation systems is also contributing to the growth of this market. The global VVVF inverters market can be segmented on the basis of type and application. On the basis of type, it can be divided into natural cooling VVVF inverter and forced-air cooling VVVF inverter. The natural cooling VVVF inverter segment is expected to grow at a higher CAGR during the forecast period as compared to other segments owing to its high efficiency and low power consumption characteristics. On the basis of application, it can be classified into subway, light rail, train, engineering vehicle and others (including buses). Among these applications, subway accounted for majority share in 2017 and is projected to maintain its dominance duringthe forecast period as well.
Product Definition:
A VVVF inverter is a type of AC to DC converter that uses voltage-controlled switches to create an output voltage that is proportional to the input voltage. This allows for smooth, low-noise power delivery and improved efficiency. VVVF inverters are often used in applications where precise control over the output voltage is required, such as in variable-speed drives or motor controllers.
Natural Cooling VVVF Inverter:
Natural cooling VVVF inverter is a device used in the condition of overload, under-temperature or over-temperature protection. It works on the principle of natural convection and conduction. Natural cooling VVVF inverters are available in two types: air-cooled and water-cooled. The working principle of these devices is based on heat transfer from one medium to another by means of radiation, convection or absorption.
Forced-air Cooling VVVF Inverter:
The forced-air cooling VVVF inverter is used in the VVVF (Virtual Vulcanized Valve Fuel) Inverters. It works on the principle of compressibility of air which acts as a heat exchanger and dissipates engine heat to atmosphere. The forced-air cooling system is independent of engine speed and can be operated at any point during cranking phase, thus providing an immediate reduction in temperature.
Application Insights:
The train application segment led the global VVVF inverters market in 2017 and is projected to witness significant growth over the forecast period. The segment is also expected to register a higher CAGR than other applications during the forecast period. Various governments are promoting investments for developing high-speed rail networks, which, in turn, will drive demand over the coming years.
In addition, growing urbanization along with rising disposable income levels has resulted in an increased number of people traveling by train as compared to other modes of transport such as buses or cars. This trend is likely to continue over the next few years due to increasing consumer preference for luxury travel experience at affordable prices coupled with improved infrastructure development across various regions worldwide.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market with a CAGR of XX% from 2018 to 2030 owing to increasing government investments in infrastructure development and rising demand for clean energy generation. The growing adoption of electric vehicles is also expected to drive the regional market growth over the forecast period.
The North American market was valued at USD X million in 2017, wherein U.S., as a major contributor, held more than 80% share of inverters installed worldwide on account of extensive Subway & Light Rail network across U.S., which has resulted into high penetration rates for VVVF Inverters in that region since their inception in 1902 till 2016 (46 years).
Growth Factors:
- Increasing demand for energy-efficient appliances: The global market for VVVF inverters is expected to grow at a CAGR of over 9% from 2016 to 2024, owing to the increasing demand for energy-efficient appliances across the world.
- Rising awareness about the benefits of using VVVF inverters: There is a growing awareness among consumers about the benefits of using VVVF inverters, which is likely to boost the market growth in the coming years.
- Growing popularity of smart homes: The popularity of smart homes is another major factor that is expected to drive growth in the global VVVF inverter market during the forecast period. Smart home systems are equipped with features such as occupancy sensing, daylight harvesting, and remote monitoring and control that help save energy and reduce electricity bills significantly. Thus, their adoption rate is rising rapidly across different regions worldwide, thereby propelling demand for VVDFF inverters as well.
Scope Of The Report
Report Attributes
Report Details
Report Title
VVVF Inverters Market Research Report
By Type
Natural Cooling VVVF Inverter, Forced-air Cooling VVVF Inverter
By Application
Subway, Light Rail, Train, Engineering Vehicle
By Companies
Toyo Denki, Fuji Electric, Toshiba, Hitachi, Mitsubishi Electric, Skoda Electric, Dawonsys, Taiyo Electric, Woojin Industrial System, PT Len Industri, XEMC, INVT Electric, Chongqing Chuanyi Automotion
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
218
Number of Tables & Figures
153
Customization Available
Yes, the report can be customized as per your need.
Global VVVF Inverters Market Report Segments:
The global VVVF Inverters market is segmented on the basis of:
Types
Natural Cooling VVVF Inverter, Forced-air Cooling VVVF Inverter
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
Subway, Light Rail, Train, Engineering Vehicle
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:
- Toyo Denki
- Fuji Electric
- Toshiba
- Hitachi
- Mitsubishi Electric
- Skoda Electric
- Dawonsys
- Taiyo Electric
- Woojin Industrial System
- PT Len Industri
- XEMC
- INVT Electric
- Chongqing Chuanyi Automotion
Highlights of The VVVF Inverters 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:
- Natural Cooling VVVF Inverter
- Forced-air Cooling VVVF Inverter
- By Application:
- Subway
- Light Rail
- Train
- Engineering Vehicle
- 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 VVVF Inverters 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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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?
A VVVF inverter is a type of power inverter that can convert direct current (DC) into alternating current (AC). This allows you to use AC power in places where you would normally need to use DC power, such as in your home or office.
Some of the key players operating in the vvvf inverters market are Toyo Denki, Fuji Electric, Toshiba, Hitachi, Mitsubishi Electric, Skoda Electric, Dawonsys, Taiyo Electric, Woojin Industrial System, PT Len Industri, XEMC, INVT Electric, Chongqing Chuanyi Automotion.
The vvvf inverters market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 VVVF Inverters 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 VVVF Inverters Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 VVVF Inverters 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 VVVF Inverters 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 VVVF Inverters Market Size & Forecast, 2020-2028
4.5.1 VVVF Inverters Market Size and Y-o-Y Growth
4.5.2 VVVF Inverters 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 Natural Cooling VVVF Inverter
5.2.2 Forced-air Cooling VVVF Inverter
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 Subway
6.2.2 Light Rail
6.2.3 Train
6.2.4 Engineering Vehicle
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global VVVF Inverters 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 VVVF Inverters 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 Natural Cooling VVVF Inverter
9.6.2 Forced-air Cooling VVVF Inverter
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 Subway
9.10.2 Light Rail
9.10.3 Train
9.10.4 Engineering Vehicle
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 Natural Cooling VVVF Inverter
10.6.2 Forced-air Cooling VVVF Inverter
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 Subway
10.10.2 Light Rail
10.10.3 Train
10.10.4 Engineering Vehicle
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 Natural Cooling VVVF Inverter
11.6.2 Forced-air Cooling VVVF Inverter
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 Subway
11.10.2 Light Rail
11.10.3 Train
11.10.4 Engineering Vehicle
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 Natural Cooling VVVF Inverter
12.6.2 Forced-air Cooling VVVF Inverter
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 Subway
12.10.2 Light Rail
12.10.3 Train
12.10.4 Engineering Vehicle
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 Natural Cooling VVVF Inverter
13.6.2 Forced-air Cooling VVVF Inverter
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 Subway
13.10.2 Light Rail
13.10.3 Train
13.10.4 Engineering Vehicle
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 VVVF Inverters Market: Competitive Dashboard
14.2 Global VVVF Inverters Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Toyo Denki
14.3.2 Fuji Electric
14.3.3 Toshiba
14.3.4 Hitachi
14.3.5 Mitsubishi Electric
14.3.6 Skoda Electric
14.3.7 Dawonsys
14.3.8 Taiyo Electric
14.3.9 Woojin Industrial System
14.3.10 PT Len Industri
14.3.11 XEMC
14.3.12 INVT Electric
14.3.13 Chongqing Chuanyi Automotion
