The global marine variable frequency drive (VFD) market is expected to grow at a CAGR of 5.5% during the forecast period, from 2021 to 2030. The growth of this market can be attributed to the increasing demand for energy-efficient and eco-friendly products in the marine industry. The VFDs are used in various applications such as pumps, fans, compressors, propulsion/thrusters, cranes & hoists in the marine industry.
The AC drive segment is expected to dominate the global VFD market during the forecast period owing to its high efficiency and low maintenance cost. The DC drive segment is also expected to grow at a significant rate due to its low power consumption and high reliability features.
Some Of The Growth Factors Of This Market:
- Increasing demand for energy efficient equipment and the need to reduce emissions are driving the growth of the Marine Variable Frequency Drive (VFD) market.
- The increasing use of renewable energy sources such as solar and wind power is also driving the growth of the Marine Variable Frequency Drive (VFD) market.
- Increasing demand for electric propulsion systems in marine vessels is also driving the growth of this market.
- The increasing number of new vessels being built with electric propulsion systems will drive this market.
Industry Growth Insights published a new data on “Marine Variable Frequency Drive (VFD) Market”. The research report is titled “Marine Variable Frequency Drive (VFD) Market research by Types (AC Drive, DC Drive), By Applications (Marine Pump, Marine Fan, Marine Compressor, Marine Propulsion/Thruster, Marine Crane & Hoist), By Players/Companies Danfoss, ABB, Rockwell Automation, Siemens, CG Power and IndUStrial Solutions, Mitsubishi Electric, WEG, Invertek Drives, Eaton, GE, Yaskawa, Parker Hannifin, Beard Marine Group”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Marine Variable Frequency Drive (VFD) Market Research Report
By Type
AC Drive, DC Drive
By Application
Marine Pump, Marine Fan, Marine Compressor, Marine Propulsion/Thruster, Marine Crane & Hoist
By Companies
Danfoss, ABB, Rockwell Automation, Siemens, CG Power and IndUStrial Solutions, Mitsubishi Electric, WEG, Invertek Drives, Eaton, GE, Yaskawa, Parker Hannifin, Beard Marine Group
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
238
Number of Tables & Figures
167
Customization Available
Yes, the report can be customized as per your need.
 Industry Outlook.svg)
Global Marine Variable Frequency Drive (VFD) Market Report Segments:
The global Marine Variable Frequency Drive (VFD) market is segmented on the basis of:
Types
AC Drive, DC Drive
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
Marine Pump, Marine Fan, Marine Compressor, Marine Propulsion/Thruster, Marine Crane & Hoist
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:
- Danfoss
- ABB
- Rockwell Automation
- Siemens
- CG Power and IndUStrial Solutions
- Mitsubishi Electric
- WEG
- Invertek Drives
- Eaton
- GE
- Yaskawa
- Parker Hannifin
- Beard Marine Group
 Market Overview.svg)
Highlights of The Marine Variable Frequency Drive (VFD) 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 Drive
- DC Drive
- By Application:
- Marine Pump
- Marine Fan
- Marine Compressor
- Marine Propulsion/Thruster
- Marine Crane & Hoist
- 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 Marine Variable Frequency Drive (VFD) 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
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
 Market Statistics.svg)
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 Marine VFD is a type of electric motor that operates at variable speeds, typically used in boats and ships. They are often used to power things like fans, pumps, and lights.
Some of the major companies in the marine variable frequency drive (vfd) market are Danfoss, ABB, Rockwell Automation, Siemens, CG Power and IndUStrial Solutions, Mitsubishi Electric, WEG, Invertek Drives, Eaton, GE, Yaskawa, Parker Hannifin, Beard Marine Group.
The marine variable frequency drive (vfd) market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Marine Variable Frequency Drive (VFD) Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Marine Variable Frequency Drive (VFD) Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Marine Variable Frequency Drive (VFD) Market - Supply Chain
4.5. Global Marine Variable Frequency Drive (VFD) Market Forecast
4.5.1. Marine Variable Frequency Drive (VFD) Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Marine Variable Frequency Drive (VFD) Market Size (000 Units) and Y-o-Y Growth
4.5.3. Marine Variable Frequency Drive (VFD) Market Absolute $ Opportunity
5. Global Marine Variable Frequency Drive (VFD) Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Marine Variable Frequency Drive (VFD) Market Size and Volume Forecast by Type
5.3.1. AC Drive
5.3.2. DC Drive
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Marine Variable Frequency Drive (VFD) Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Marine Variable Frequency Drive (VFD) Market Size and Volume Forecast by Application
6.3.1. Marine Pump
6.3.2. Marine Fan
6.3.3. Marine Compressor
6.3.4. Marine Propulsion/Thruster
6.3.5. Marine Crane & Hoist
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Marine Variable Frequency Drive (VFD) Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Marine Variable Frequency Drive (VFD) Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Marine Variable Frequency Drive (VFD) Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Marine Variable Frequency Drive (VFD) Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Marine Variable Frequency Drive (VFD) Demand Share Forecast, 2019-2026
9. North America Marine Variable Frequency Drive (VFD) Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Marine Variable Frequency Drive (VFD) Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Marine Variable Frequency Drive (VFD) Market Size and Volume Forecast by Application
9.4.1. Marine Pump
9.4.2. Marine Fan
9.4.3. Marine Compressor
9.4.4. Marine Propulsion/Thruster
9.4.5. Marine Crane & Hoist
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Marine Variable Frequency Drive (VFD) Market Size and Volume Forecast by Type
9.7.1. AC Drive
9.7.2. DC Drive
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Marine Variable Frequency Drive (VFD) Demand Share Forecast, 2019-2026
10. Latin America Marine Variable Frequency Drive (VFD) Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Marine Variable Frequency Drive (VFD) Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Marine Variable Frequency Drive (VFD) Market Size and Volume Forecast by Application
10.4.1. Marine Pump
10.4.2. Marine Fan
10.4.3. Marine Compressor
10.4.4. Marine Propulsion/Thruster
10.4.5. Marine Crane & Hoist
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Marine Variable Frequency Drive (VFD) Market Size and Volume Forecast by Type
10.7.1. AC Drive
10.7.2. DC Drive
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Marine Variable Frequency Drive (VFD) Demand Share Forecast, 2019-2026
11. Europe Marine Variable Frequency Drive (VFD) Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Marine Variable Frequency Drive (VFD) Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Marine Variable Frequency Drive (VFD) Market Size and Volume Forecast by Application
11.4.1. Marine Pump
11.4.2. Marine Fan
11.4.3. Marine Compressor
11.4.4. Marine Propulsion/Thruster
11.4.5. Marine Crane & Hoist
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Marine Variable Frequency Dive (VFD) Market Size and Volume Forecast by Type
11.7.1. AC Drive
11.7.2. DC Drive
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Marine Variable Frequency Drive (VFD) Demand Share, 2019-2026
12. Asia Pacific Marine Variable Frequency Drive (VFD) Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Marine Variable Frequency Drive (VFD) Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Marine Variable Frequency Drive (VFD) Market Size and Volume Forecast by Application
12.4.1. Marine Pump
12.4.2. Marine Fan
12.4.3. Marine Compressor
12.4.4. Marine Propulsion/Thruster
12.4.5. Marine Crane & Hoist
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Marine Variable Frequency Drive (VFD) Market Size and Volume Forecast by Type
12.7.1. AC Drive
12.7.2. DC Drive
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Marine Variable Frequency Drive (VFD) Demand Share, 2019-2026
13. Middle East & Africa Marine Variable Frequency Drive (VFD) Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Marine Variable Frequency Drive (VFD) Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Marine Variable Frequency Drive (VFD) Market Size and Volume Forecast by Application
13.4.1. Marine Pump
13.4.2. Marine Fan
13.4.3. Marine Compressor
13.4.4. Marine Propulsion/Thruster
13.4.5. Marine Crane & Hoist
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Marine Variable Frequency Drive (VFD) Market Size and Volume Forecast by Type
13.7.1. AC Drive
13.7.2. DC Drive
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Marine Variable Frequency Drive (VFD) Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Marine Variable Frequency Drive (VFD) Market: Market Share Analysis
14.2. Marine Variable Frequency Drive (VFD) Distributors and Customers
14.3. Marine Variable Frequency Drive (VFD) Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Danfoss
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. ABB
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Rockwell Automation
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Siemens
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. CG Power and IndUStrial Solutions
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Mitsubishi Electric
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. WEG
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Invertek Drives
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Eaton
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. GE
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Yaskawa
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Parker Hannifin
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Beard Marine Group
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
