The global verified frequency driver (VFD) market is expected to grow at a CAGR of 4.5% during the forecast period, from 2021 to 2030. The VFD market is driven by factors such as increasing demand for energy-efficient products and rising demand for automation in various industries. The VFD market is segmented on the basis of type, application, and region. On the basis of type, it can be classified into low voltage (690V), medium voltage (6903000V), and high voltage (3 k10 kV). On the basis of application, it can be classified into pumps, fans, compressors, conveyors, elevators and extruders. On the basis of region it can be classified into North America; Latin America; Europe; Asia Pacific; Middle East & Africa.
North America accounted for a major share in terms of revenue in 2016 owing to its large number of manufacturing facilities that produce VFDs across different applications such as pumps and fans which are used extensively in various industries such as food & beverage processing plants or chemical plants where there are stringent regulations on emissions levels from these machines which require them to use energy efficient equipment like VFDs that consume less power than conventional motors thereby reducing their carbon footprint significantly.
- The VFD market is expected to grow at a CAGR of 6.5% from 2017-2022.
- The VFD market is driven by the increasing demand for energy efficiency and sustainability in the industrial sector.
- Increasing investments in renewable energy sources such as solar, wind, hydroelectricity, and geothermal power are driving growth of the VFD market.
Industry Growth Insights published a new data on “Verified Frequency Driver (VFD) Market”. The research report is titled “Verified Frequency Driver (VFD) Market research by Types (Low Voltage (0-690V), Medium Voltage (690V-3000V), High Voltage (3 kV-10 kV)), By Applications (Pumps, Fans, Compressors, Conveyors, Elevators, Extruders, Others), By Players/Companies ABB, Siemens AG, Schneider Electric, Emerson Electric, Yaskawa Electric, Mitsubishi, Hitachi Ltd. , Danfoss , Toshiba, Fuji Electric, Rockwell Automation, Inovance, Hiconics, INVT, Slanvert, EURA Drives”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Verified Frequency Driver (VFD) Market Research Report
By Type
Low Voltage (0-690V), Medium Voltage (690V-3000V), High Voltage (3 kV-10 kV)
By Application
Pumps, Fans, Compressors, Conveyors, Elevators, Extruders, Others
By Companies
ABB, Siemens AG, Schneider Electric, Emerson Electric, Yaskawa Electric, Mitsubishi, Hitachi Ltd. , Danfoss , Toshiba, Fuji Electric, Rockwell Automation, Inovance, Hiconics, INVT, Slanvert, EURA Drives
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
241
Number of Tables & Figures
169
Customization Available
Yes, the report can be customized as per your need.
 Industry Outlook.svg)
Global Verified Frequency Driver (VFD) Market Report Segments:
The global Verified Frequency Driver (VFD) market is segmented on the basis of:
Types
Low Voltage (0-690V), Medium Voltage (690V-3000V), High Voltage (3 kV-10 kV)
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, Elevators, 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
- Siemens AG
- Schneider Electric
- Emerson Electric
- Yaskawa Electric
- Mitsubishi
- Hitachi Ltd.Â
- DanfossÂ
- Toshiba
- Fuji Electric
- Rockwell Automation
- Inovance
- Hiconics
- INVT
- Slanvert
- EURA Drives
 Market Overview.svg)
Highlights of The Verified Frequency Driver (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:
- Low Voltage (0-690V)
- Medium Voltage (690V-3000V)
- High Voltage (3 kV-10 kV)
- By Application:
- Pumps
- Fans
- Compressors
- Conveyors
- Elevators
- 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 Verified Frequency Driver (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 Verified Frequency Driver (VFD) is a type of electronic driver that uses digital signals to control the speed and direction of a rotating shaft. VFDs are used in industrial applications, such as fans, pumps, and motors.
Some of the major companies in the verified frequency driver (vfd) market are ABB, Siemens AG, Schneider Electric, Emerson Electric, Yaskawa Electric, Mitsubishi, Hitachi Ltd.‚Â , Danfoss‚Â , Toshiba, Fuji Electric, Rockwell Automation, Inovance, Hiconics, INVT, Slanvert, EURA Drives.
The verified frequency driver (vfd) market is expected to grow at a compound annual growth rate of 4.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Verified Frequency Driver (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. Verified Frequency Driver (VFD) Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Verified Frequency Driver (VFD) Market - Supply Chain
4.5. Global Verified Frequency Driver (VFD) Market Forecast
4.5.1. Verified Frequency Driver (VFD) Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Verified Frequency Driver (VFD) Market Size (000 Units) and Y-o-Y Growth
4.5.3. Verified Frequency Driver (VFD) Market Absolute $ Opportunity
5. Global Verified Frequency Driver (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. Verified Frequency Driver (VFD) Market Size and Volume Forecast by Type
5.3.1. Low Voltage (0-690V)
5.3.2. Medium Voltage (690V-3000V)
5.3.3. High Voltage (3 kV-10 kV)
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Verified Frequency Driver (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. Verified Frequency Driver (VFD) 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. Elevators
6.3.6. Extruders
6.3.7. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Verified Frequency Driver (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. Verified Frequency Driver (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 Verified Frequency Driver (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. Verified Frequency Driver (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 Verified Frequency Driver (VFD) Demand Share Forecast, 2019-2026
9. North America Verified Frequency Driver (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 Verified Frequency Driver (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 Verified Frequency Driver (VFD) 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. Elevators
9.4.6. Extruders
9.4.7. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Verified Frequency Driver (VFD) Market Size and Volume Forecast by Type
9.7.1. Low Voltage (0-690V)
9.7.2. Medium Voltage (690V-3000V)
9.7.3. High Voltage (3 kV-10 kV)
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 Verified Frequency Driver (VFD) Demand Share Forecast, 2019-2026
10. Latin America Verified Frequency Driver (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 Verified Frequency Driver (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 Verified Frequency Driver (VFD) 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. Elevators
10.4.6. Extruders
10.4.7. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Verified Frequency Driver (VFD) Market Size and Volume Forecast by Type
10.7.1. Low Voltage (0-690V)
10.7.2. Medium Voltage (690V-3000V)
10.7.3. High Voltage (3 kV-10 kV)
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 Verified Frequency Driver (VFD) Demand Share Forecast, 2019-2026
11. Europe Verified Frequency Driver (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 Verified Frequency Driver (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 Verified Frequency Driver (VFD) 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. Elevators
11.4.6. Extruders
11.4.7. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Verified Frequency Driver (VFD) Market Size and Volume Forecast by Type
11.7.1. Low Voltage (0-690V)
11.7.2. Medium Voltage (690V-3000V)
11.7.3. High Voltage (3 kV-10 kV)
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 Verified Frequency Driver (VFD) Demand Share, 2019-2026
12. Asia Pacific Verified Frequency Driver (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 Verified Frequency Driver (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 Verified Frequency Driver (VFD) 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. Elevators
12.4.6. Extruders
12.4.7. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Verified Frequency Driver (VFD) Market Size and Volume Forecast by Type
12.7.1. Low Voltage (0-690V)
12.7.2. Medium Voltage (690V-3000V)
12.7.3. High Voltage (3 kV-10 kV)
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 Verified Frequency Driver (VFD) Demand Share, 2019-2026
13. Middle East & Africa Verified Frequency Driver (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 Verified Frequency Driver (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 Verified Frequency Driver (VFD) 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. Elevators
13.4.6. Extruders
13.4.7. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Verified Frequency Driver (VFD) Market Size and Volume Forecast by Type
13.7.1. Low Voltage (0-690V)
13.7.2. Medium Voltage (690V-3000V)
13.7.3. High Voltage (3 kV-10 kV)
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 Verified Frequency Driver (VFD) Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Verified Frequency Driver (VFD) Market: Market Share Analysis
14.2. Verified Frequency Driver (VFD) Distributors and Customers
14.3. Verified Frequency Driver (VFD) Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. ABB
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
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
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Emerson Electric
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Yaskawa Electric
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
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Hitachi Ltd.
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Danfoss
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Toshiba
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Fuji Electric
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Rockwell Automation
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Inovance
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Hiconics
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. INVT
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Slanvert
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. EURA Drives
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
