The global variable frequency drives market is expected to grow at a CAGR of 4.5% during the forecast period, to reach USD 3.2 billion by 2030. The growth of this market is driven by the increasing demand for energy-efficient drives in various industries such as oil and gas, mining, power generation, and manufacturing. The increasing demand for variable frequency drives in these industries is due to their ability to reduce energy consumption and improve operational efficiency.
The low voltage drive segment accounted for the largest share of the global variable frequency drives market in 2017 owing to its wide application across various industries such as pumps, fans, compressors, conveyors, extruders etc, which are used extensively across different sectors such as oil & gas industry (pumps), food & beverage industry (extruders), pharmaceuticals industry (compressors) etc, thereby driving its demand globally.
Some Of The Growth Factors Of This Market:
- Increasing demand for Variable Frequency Drives in the industrial sector.
- Increasing demand for Variable Frequency Drives in the automotive sector.
- Increasing demand for Variable Frequency Drives in the renewable energy sector.
- Growing need to reduce carbon emissions.
Industry Growth Insights published a new data on “Variable Frequencies Drives Market”. The research report is titled “Variable Frequencies Drives Market research by Types (Low Voltage Drives, Medium Voltage Drives, High Voltage Drives), By Applications (Pumps, Fans, Compressors, Conveyors, Extruders, Others), By Players/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.), Hitachi, Ltd. (Japan), Honeywell International Inc. (U.S.), Crompton Greaves (India), Mitsubishi Electric Corporation (Japan), Fuji Electric Co., Ltd. (Japan), Invertek Drives Ltd (UK), Johnson Controls (U.S.), Trane (Ingersoll Rand) (Ireland), Belden (U.S.), Magnetek (U.S.), NORD Drivesystems (Germany)”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Variable Frequencies Drives Market Research Report
By Type
Low Voltage Drives, Medium Voltage Drives, High Voltage Drives
By Application
Pumps, Fans, Compressors, Conveyors, Extruders, 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.), Hitachi, Ltd. (Japan), Honeywell International Inc. (U.S.), Crompton Greaves (India), Mitsubishi Electric Corporation (Japan), Fuji Electric Co., Ltd. (Japan), Invertek Drives Ltd (UK), Johnson Controls (U.S.), Trane (Ingersoll Rand) (Ireland), Belden (U.S.), Magnetek (U.S.), NORD Drivesystems (Germany)
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
230
Number of Tables & Figures
161
Customization Available
Yes, the report can be customized as per your need.
Global Variable Frequencies Drives Market Report Segments:
The global Variable Frequencies Drives market is segmented on the basis of:
Types
Low Voltage Drives, Medium Voltage Drives, High Voltage Drives
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
Pumps, Fans, Compressors, Conveyors, Extruders, 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.)
- Hitachi, Ltd. (Japan)
- Honeywell International Inc. (U.S.)
- Crompton Greaves (India)
- Mitsubishi Electric Corporation (Japan)
- Fuji Electric Co., Ltd. (Japan)
- Invertek Drives Ltd (UK)
- Johnson Controls (U.S.)
- Trane (Ingersoll Rand) (Ireland)
- Belden (U.S.)
- Magnetek (U.S.)
- NORD Drivesystems (Germany)
Highlights of The Variable Frequencies Drives 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:
- Low Voltage Drives
- Medium Voltage Drives
- High Voltage Drives
- By Application:
- Pumps
- Fans
- Compressors
- Conveyors
- Extruders
- 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 Frequencies Drives 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.
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- Correctly Positioning New Products
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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?
Variable frequencies drives are a type of electric motor that use variable frequency drives to control the speed of the motor. This allows for more precise control over how fast the motor is running, which can be useful in applications where precision is important, such as in robotics or machine tools.
Some of the major players in the variable frequencies drives 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.), Hitachi, Ltd. (Japan), Honeywell International Inc. (U.S.), Crompton Greaves (India), Mitsubishi Electric Corporation (Japan), Fuji Electric Co., Ltd. (Japan), Invertek Drives Ltd (UK), Johnson Controls (U.S.), Trane (Ingersoll Rand) (Ireland), Belden (U.S.), Magnetek (U.S.), NORD Drivesystems (Germany).
The variable frequencies drives market is expected to register a CAGR of 4.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Variable Frequencies Drives 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. Variable Frequencies Drives Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Variable Frequencies Drives Market - Supply Chain
4.5. Global Variable Frequencies Drives Market Forecast
4.5.1. Variable Frequencies Drives Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Variable Frequencies Drives Market Size (000 Units) and Y-o-Y Growth
4.5.3. Variable Frequencies Drives Market Absolute $ Opportunity
5. Global Variable Frequencies Drives 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. Variable Frequencies Drives Market Size and Volume Forecast by Type
5.3.1. Low Voltage Drives
5.3.2. Medium Voltage Drives
5.3.3. High Voltage Drives
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Variable Frequencies Drives 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. Variable Frequencies Drives Market Size and Volume Forecast by Application
6.3.1. Pumps
6.3.2. Fans
6.3.3. Compressors
6.3.4. Conveyors
6.3.5. Extruders
6.3.6. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Variable Frequencies Drives 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. Variable Frequencies Drives 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 Variable Frequencies Drives 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. Variable Frequencies Drives 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 Variable Frequencies Drives Demand Share Forecast, 2019-2026
9. North America Variable Frequencies Drives 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 Variable Frequencies Drives 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 Variable Frequencies Drives Market Size and Volume Forecast by Application
9.4.1. Pumps
9.4.2. Fans
9.4.3. Compressors
9.4.4. Conveyors
9.4.5. Extruders
9.4.6. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Variable Frequencies Drives Market Size and Volume Forecast by Type
9.7.1. Low Voltage Drives
9.7.2. Medium Voltage Drives
9.7.3. High Voltage Drives
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 Variable Frequencies Drives Demand Share Forecast, 2019-2026
10. Latin America Variable Frequencies Drives 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 Variable Frequencies Drives 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 Variable Frequencies Drives Market Size and Volume Forecast by Application
10.4.1. Pumps
10.4.2. Fans
10.4.3. Compressors
10.4.4. Conveyors
10.4.5. Extruders
10.4.6. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Variable Frequencies Drives Market Size and Volume Forecast by Type
10.7.1. Low Voltage Drives
10.7.2. Medium Voltage Drives
10.7.3. High Voltage Drives
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 Variable Frequencies Drives Demand Share Forecast, 2019-2026
11. Europe Variable Frequencies Drives 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 Variable Frequencies Drives 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 Variable Frequencies Drives Market Size and Volume Forecast by Application
11.4.1. Pumps
11.4.2. Fans
11.4.3. Compressors
11.4.4. Conveyors
11.4.5. Extruders
11.4.6. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Variable Frequencies Drives Market Size and Volume Forecast by Type
11.7.1. Low Voltage Drives
11.7.2. Medium Voltage Drives
11.7.3. High Voltage Drives
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 Variable Frequencies Drives Demand Share, 2019-2026
12. Asia Pacific Variable Frequencies Drives 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 Variable Frequencies Drives 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 Variable Frequencies Drives Market Size and Volume Forecast by Application
12.4.1. Pumps
12.4.2. Fans
12.4.3. Compressors
12.4.4. Conveyors
12.4.5. Extruders
12.4.6. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Variable Frequencies Drives Market Size and Volume Forecast by Type
12.7.1. Low Voltage Drives
12.7.2. Medium Voltage Drives
12.7.3. High Voltage Drives
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 Variable Frequencies Drives Demand Share, 2019-2026
13. Middle East & Africa Variable Frequencies Drives 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 Variable Frequencies Drives 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 Variable Frequencies Drives Market Size and Volume Forecast by Application
13.4.1. Pumps
13.4.2. Fans
13.4.3. Compressors
13.4.4. Conveyors
13.4.5. Extruders
13.4.6. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Variable Frequencies Drives Market Size and Volume Forecast by Type
13.7.1. Low Voltage Drives
13.7.2. Medium Voltage Drives
13.7.3. High Voltage Drives
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 Variable Frequencies Drives Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Variable Frequencies Drives Market: Market Share Analysis
14.2. Variable Frequencies Drives Distributors and Customers
14.3. Variable Frequencies Drives Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. ABB Ltd. (Switzerland)
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Siemens AG (Germany)
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Schneider Electric (France)
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Danfoss (Denmark)
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Rockwell Automation, Inc. (U.S.)
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. WEG (Brazil)
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Yaskawa Electric Corporation (Japan)
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Eaton Corporation Plc. (Ireland)
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. General Electric (U.S.)
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Emerson Electric Co. (U.S.)
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Hitachi, Ltd. (Japan)
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Honeywell International Inc. (U.S.)
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Crompton Greaves (India)
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Mitsubishi Electric Corporation (Japan)
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Fuji Electric Co., Ltd. (Japan)
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Invertek Drives Ltd (UK)
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Johnson Controls (U.S.)
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Trane (Ingersoll Rand) (Ireland)
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Belden (U.S.)
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. Magnetek (U.S.)
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
