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PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1401800
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1401800
Variable Frequency Drive Market, By Product Type, By Application, By Power Generation, By End User, By Country, and By Region - Industry Analysis, Market Size, Market Share & Forecast from 2023-2030
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REPORT HIGHLIGHT
Variable Frequency Drive Market size was valued at USD 22,300 Million in 2022, expanding at a CAGR of 5.1% from 2023 to 2030.
The Variable Frequency Drive (VFD) market encompasses the realm involved in creating, distributing, and utilizing devices responsible for governing and managing the speed and torque of electric motors. These devices achieve this by altering the frequency and voltage provided to the motors. VFDs, also recognized as adjustable frequency drives, variable speed drives, or inverters, play a pivotal role in optimizing energy usage by adapting motor speed to match the load requirements. This, in turn, enhances efficiency and diminishes energy wastage. Their application spans across diverse industries such as manufacturing, HVAC systems, water and wastewater treatment, oil and gas, and other sectors where electric motors are utilized.
Variable Frequency Drive Market- Market Dynamics
Escalating emphasis on energy efficiency, the necessity for process automation, and governmental regulations advocating energy conservation to propel market demand
The VFD market is experiencing continual expansion, propelled by the escalating emphasis on energy efficiency, the necessity for process automation, and governmental regulations advocating energy conservation. Technological advancements, including the integration of IoT capabilities for predictive maintenance and the innovation of more efficient and dependable VFDs, are propelling market growth. Additionally, the increasing recognition of environmental sustainability and cost-saving initiatives contributes significantly to market expansion, as industries actively seek methods to enhance energy utilization and operational efficiency. Rising penetration of connected devices in commercial, industrial, and residential sectors, coupled with amplified demand for VFDs due to their beneficial attributes like dynamic torque control, energy preservation, and adjustable speed across industries such as oil & gas, automotive, and power generation, serves as key factors anticipated to drive market growth. Furthermore, heightened investment in infrastructure development leads to a heightened demand for Heating, Ventilation, and Air Conditioning (HVAC) systems, necessitating solutions to enhance infrastructure energy output. This factor is also poised to positively influence market growth.
Variable Frequency Drive Market- Key Insights
As per the analysis shared by our research analyst, the global market is estimated to grow annually at a CAGR of around 5.1% over the forecast period (2023-2030)
Based on product type segmentation, AC Drive was predicted to show maximum market share in the year 2022
Based on application segmentation, pumps was the leading type in 2022
Based on Power Generation segmentation, Medium (41-200 kW) was the leading type in 2022
On the basis of region, North America was the leading revenue generator in 2022
Variable Frequency Drive Market- Segmentation Analysis:
The Global Variable Frequency Drive Market is segmented on the basis of Product Type, Application, Power Generation, End User, and Region.
The market is divided into three categories based on product type: AC Drive, DC Drive and Servo Drives. AC drives emerged as a significant contributor to the revenue share in 2022. This surge in market share can be attributed to the inherent advantages of AC drives, including their capacity to deliver high power, facilitate easy installation compared to alternative options, and necessitate minimal maintenance. These advantages are drawing interest from a spectrum of industries and sectors such as automotive, food & beverage, and power generation, aiming to augment their operational efficiency. Consequently, the swift expansion within the industrial sector is generating a heightened demand for AC drives, thereby bolstering the growth of this segment.
The market is divided into six categories based on application: Pumps, Electric Fans, Conveyors, HVAC, Extruders and Others. Based on application, the pumps segment claimed a notable revenue share in 2022. Pumps play a ubiquitous role in various sectors including water treatment, metal industries, and oil & gas operations. These pumps are integrated with variable frequency drives (VFDs), enabling them to curtail power consumption and reduce operational costs, enabling variable speed operation without a gearbox. The discernible advantages derived from employing VFDs with pumps, leading to decreased power consumption and the ability to operate at variable speeds, have sparked an escalating demand for variable frequency drives within industries like water treatment plants, oil & gas enterprises, and others. The objective is to optimize flow rates and amplify operational efficiency, thereby fostering growth within this specific segment.
Variable Frequency Drive Market- Geographical Insights
Geographically, this market is widespread into the regions of North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. These regions are further divided as per the nations bringing business.
Variable Frequency Drive Market- Competitive Landscape:
The Variable Frequency Drive (VFD) market is undergoing transformational changes driven by strategic endeavors focused on energy efficiency and industrial automation. Companies are directing their efforts towards technological advancements, providing VFDs featuring enhanced efficiency, superior control, and reduced energy consumption across diverse applications such as HVAC systems, pumps, compressors, and manufacturing equipment. Integration of IoT-enabled functionalities and predictive maintenance capabilities elevates operational reliability and diminishes downtime risks. Furthermore, the market underscores the importance of tailor-made solutions to meet varied industry needs, adherence to stringent energy regulations, and the adoption of environmentally sustainable solutions. Collaborations with system integrators and substantial investments in research and development initiatives propel the evolution of VFD technology, catering to the mounting demand for energy-efficient solutions spanning multiple sectors. This advancement aligns with sustainability objectives and yields cost-saving benefits.
Recent Developments:
In October 2022, Rockwell Automation Inc. announced an elevation in the output frequency of its variable frequency drive utilized in high-speed motor applications. This enhancement was revealed within its medium voltage POWERFLEX 6000T product line.
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
GLOBAL VARIABLE FREQUENCY DRIVE MARKET KEY PLAYERS
- ABB
- Eaton
- General Electric
- Hitachi Ltd.
- Rockwell Automation Inc.
- Schneider Electric
- Siemens AG
- The Danfoss Group
- WEG S.A.
- Yaskawa Electric Corporation
- Others
GLOBAL VARIABLE FREQUENCY DRIVE MARKET, BY PRODUCT TYPE
- AC Drives
- DC Drives
- Servo Drives
GLOBAL VARIABLE FREQUENCY DRIVE MARKET, BY APPLICATION
- Pumps
- Electric Fans
- Conveyors
- HVAC
- Extruders
- Others
GLOBAL VARIABLE FREQUENCY DRIVE MARKET, BY POWER GENERATION
- Micro (0-5 kW)
- Low (6-40 kW)
- Medium (41-200 kW)
- High (>200 kW)
GLOBAL VARIABLE FREQUENCY DRIVE MARKET, BY END USER
- Oil & Gas
- Power Generation
- Industrial
- Infrastructure
- Automotive
- Food & Beverages
- Others
GLOBAL VARIABLE FREQUENCY DRIVE MARKET, BY REGION
- North America
- The U.S.
- Canada
- Europe
- Germany
- France
- Italy
- Spain
- United Kingdom
- Russia
- Netherlands
- Sweden
- Poland
- Rest of Europe
- Asia Pacific
- India
- China
- South Korea
- Japan
- Australia
- Thailand
- Indonesia
- Philippines
- Rest of APAC
- Latin America
- Brazil
- Mexico
- Argentina
- Colombia
- Rest of LATAM
- The Middle East and Africa
- Saudi Arabia
- United Arab Emirates
- Israel
- Turkey
- Algeria
- Egypt
- Rest of MEA
Product Code: ANV2016
Table of Contents
1. Variable Frequency Drive Market Overview
- 1.1. Study Scope
- 1.2. Market Estimation Years
2. Executive Summary
- 2.1. Market Snippet
- 2.1.1. Variable Frequency Drive Market Snippet by Product Type
- 2.1.2. Variable Frequency Drive Market Snippet by Application
- 2.1.3. Variable Frequency Drive Market Snippet by Power Generation
- 2.1.4. Variable Frequency Drive Market Snippet by End User
- 2.1.5. Variable Frequency Drive Market Snippet by Country
- 2.1.6. Variable Frequency Drive Market Snippet by Region
- 2.2. Competitive Insights
3. Variable Frequency Drive Key Market Trends
- 3.1. Variable Frequency Drive Market Drivers
- 3.1.1. Impact Analysis of Market Drivers
- 3.2. Variable Frequency Drive Market Restraints
- 3.2.1. Impact Analysis of Market Restraints
- 3.3. Variable Frequency Drive Market Opportunities
- 3.4. Variable Frequency Drive Market Future Trends
4. Variable Frequency Drive Industry Study
- 4.1. PEST Analysis
- 4.2. Porter's Five Forces Analysis
- 4.3. Growth Prospect Mapping
- 4.4. Regulatory Framework Analysis
5. Variable Frequency Drive Market: COVID-19 Impact Analysis
- 5.1. Pre-COVID-19 Impact Analysis
- 5.2. Post-COVID-19 Impact Analysis
- 5.2.1. Top Performing Segments
- 5.2.2. Marginal Growth Segments
- 5.2.3. Top Looser Segments
- 5.2.4. Marginal Loss Segments
6. Variable Frequency Drive Market Landscape
- 6.1. Variable Frequency Drive Market Share Analysis, 2022
- 6.2. Breakdown Data, by Key Manufacturer
- 6.2.1. Established Players' Analysis
- 6.2.2. Emerging Players' Analysis
7. Variable Frequency Drive Market - By Product Type
- 7.1. Overview
- 7.1.1. Segment Share Analysis, By Product Type, 2022 & 2030 (%)
- 7.1.2. AC Drives
- 7.1.3. DC Drives
- 7.1.4. Servo Drives
8. Variable Frequency Drive Market - By Application
- 8.1. Overview
- 8.1.1. Segment Share Analysis, By Application, 2022 & 2030 (%)
- 8.1.2. Pumps
- 8.1.3. Electric Fans
- 8.1.4. Conveyors
- 8.1.5. HVAC
- 8.1.6. Extruders
- 8.1.7. Others
9. Variable Frequency Drive Market - By Power Generation
- 9.1. Overview
- 9.1.1. Segment Share Analysis, By Power Generation, 2022 & 2030 (%)
- 9.1.2. Micro (0-5 kW)
- 9.1.3. Low (6-40 kW)
- 9.1.4. Medium (41-200 kW)
- 9.1.5. High (>200 kW)
10. Variable Frequency Drive Market - By End User
- 10.1. Overview
- 10.1.1. Segment Share Analysis, By Application, 2022 & 2030 (%)
- 10.1.2. Oil & Gas
- 10.1.3. Power Generation
- 10.1.4. Industrial
- 10.1.5. Infrastructure
- 10.1.6. Automotive
- 10.1.7. Food & Beverages
- 10.1.8. Others
11. Variable Frequency Drive Market- By Geography
- 11.1. Introduction
- 11.1.1. Segment Share Analysis, By Geography, 2022 & 2030 (%)
- 11.2. North America
- 11.2.1. Overview
- 11.2.2. Variable Frequency Drive Key Manufacturers in North America
- 11.2.3. North America Market Size and Forecast, By Country, 2018 - 2030 (US$ Million)
- 11.2.4. North America Market Size and Forecast, By Product Type, 2018 - 2030 (US$ Million)
- 11.2.5. North America Market Size and Forecast, By Application, 2018 - 2030 (US$ Million)
- 11.2.6. North America Market Size and Forecast, By Power Generation, 2018 - 2030 (US$ Million)
- 11.2.7. North America Market Size and Forecast, By End User, 2018 - 2030 (US$ Million)
- 11.2.8. U.S.
- 11.2.8.1. Overview
- 11.2.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2018 - 2030, (US$ Million)
- 11.2.8.3. U.S. Market Size and Forecast, By Product Type, 2018 - 2030 (US$ Million)
- 11.2.8.4. U.S. Market Size and Forecast, By Application, 2018 - 2030 (US$ Million)
- 11.2.8.5. U.S. Market Size and Forecast, By Power Generation, 2018 - 2030 (US$ Million)
- 11.2.8.6. U.S. Market Size and Forecast, By End User, 2018 - 2030 (US$ Million)
- 11.2.9. Canada
- 11.2.9.1. Overview
- 11.2.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2018 - 2030, (US$ Million)
- 11.2.9.3. Canada Market Size and Forecast, By Product Type, 2018 - 2030 (US$ Million)
- 11.2.9.4. Canada Market Size and Forecast, By Application, 2018 - 2030 (US$ Million)
- 11.2.9.5. Canada Market Size and Forecast, By Power Generation, 2018 - 2030 (US$ Million)
- 11.2.9.6. Canada Market Size and Forecast, By End User, 2018 - 2030 (US$ Million)
- 11.3. Europe
- 11.3.1. Overview
- 11.3.2. Variable Frequency Drive Key Manufacturers in Europe
- 11.3.3. Europe Market Size and Forecast, By Country, 2018 - 2030 (US$ Million)
- 11.3.4. Europe Market Size and Forecast, By Product Type, 2018 - 2030 (US$ Million)
- 11.3.5. Europe Market Size and Forecast, By Application, 2018 - 2030 (US$ Million)
- 11.3.6. Europe Market Size and Forecast, By Power Generation, 2018 - 2030 (US$ Million)
- 11.3.7. Europe Market Size and Forecast, By End User, 2018 - 2030 (US$ Million)
- 11.3.8. Germany
- 11.3.8.1. Overview
- 11.3.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2018 - 2030, (US$ Million)
- 11.3.8.3. Germany Market Size and Forecast, By Product Type, 2018 - 2030 (US$ Million)
- 11.3.8.4. Germany Market Size and Forecast, By Application, 2018 - 2030 (US$ Million)
- 11.3.8.5. Germany Market Size and Forecast, By Power Generation, 2018 - 2030 (US$ Million)
- 11.3.8.6. Germany Market Size and Forecast, By End User, 2018 - 2030 (US$ Million)
- 11.3.9. Italy
- 11.3.9.1. Overview
- 11.3.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2018 - 2030, (US$ Million)
- 11.3.9.3. Italy Market Size and Forecast, By Product Type, 2018 - 2030 (US$ Million)
- 11.3.9.4. Italy Market Size and Forecast, By Application, 2018 - 2030 (US$ Million)
- 11.3.9.5. Italy Market Size and Forecast, By Power Generation, 2018 - 2030 (US$ Million)
- 11.3.9.6. Italy Market Size and Forecast, By End User, 2018 - 2030 (US$ Million)
- 11.3.10. United Kingdom
- 11.3.10.1. Overview
- 11.3.10.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2018 - 2030, (US$ Million)
- 11.3.10.3. United Kingdom Market Size and Forecast, By Product Type, 2018 - 2030 (US$ Million)
- 11.3.10.4. United Kingdom Market Size and Forecast, By Application, 2018 - 2030 (US$ Million)
- 11.3.10.5. United Kingdom Market Size and Forecast, By Power Generation, 2018 - 2030 (US$ Million)
- 11.3.10.6. United Kingdom Market Size and Forecast, By End User, 2018 - 2030 (US$ Million)
- 11.3.11. France
- 11.3.11.1. Overview
- 11.3.11.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2018 - 2030, (US$ Million)
- 11.3.11.3. France Market Size and Forecast, By Product Type, 2018 - 2030 (US$ Million)
- 11.3.11.4. France Market Size and Forecast, By Application, 2018 - 2030 (US$ Million)
- 11.3.11.5. France Market Size and Forecast, By Power Generation, 2018 - 2030 (US$ Million)
- 11.3.11.6. France Market Size and Forecast, By End User, 2018 - 2030 (US$ Million)
- 11.3.12. Russia
- 11.3.12.1. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2018 - 2030, (US$ Million)
- 11.3.12.2. Russia Market Size and Forecast, By Product Type, 2018 - 2030 (US$ Million)
- 11.3.12.3. Russia Market Size and Forecast, By Application, 2018 - 2030 (US$ Million)
- 11.3.12.4. Russia Market Size and Forecast, By Power Generation, 2018 - 2030 (US$ Million)
- 11.3.12.5. Russia Market Size and Forecast, By End User, 2018 - 2030 (US$ Million)
- 11.3.13. Netherlands
- 11.3.13.1. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2018 - 2030, (US$ Million)
- 11.3.13.2. Netherlands Market Size and Forecast, By Product Type, 2018 - 2030 (US$ Million)
- 11.3.13.3. Netherlands Market Size and Forecast, By Application, 2018 - 2030 (US$ Million)
- 11.3.13.4. Netherlands Market Size and Forecast, By Power Generation, 2018 - 2030 (US$ Million)
- 11.3.13.5. Netherlands Market Size and Forecast, By End User, 2018 - 2030 (US$ Million)
- 11.3.14. Sweden
- 11.3.14.1. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2018 - 2030, (US$ Million)
- 11.3.14.2. Sweden Market Size and Forecast, By Product Type, 2018 - 2030 (US$ Million)
- 11.3.14.3. Sweden Market Size and Forecast, By Application, 2018 - 2030 (US$ Million)
- 11.3.14.4. Sweden Market Size and Forecast, By Power Generation, 2018 - 2030 (US$ Million)
- 11.3.14.5. Sweden Market Size and Forecast, By End User, 2018 - 2030 (US$ Million)
- 11.3.15. Poland
- 11.3.15.1. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2018 - 2030, (US$ Million)
- 11.3.15.2. Poland Market Size and Forecast, By Product Type, 2018 - 2030 (US$ Million)
- 11.3.15.3. Poland Market Size and Forecast, By Application, 2018 - 2030 (US$ Million)
- 11.3.15.4. Poland Market Size and Forecast, By Power Generation, 2018 - 2030 (US$ Million)
- 11.3.15.5. Poland Market Size and Forecast, By End User, 2018 - 2030 (US$ Million)
- 11.3.16. Rest of Europe
- 11.3.16.1. Overview
- 11.3.16.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2018 - 2030, (US$ Million)
- 11.3.16.3. Rest of the Europe Market Size and Forecast, By Product Type, 2018 - 2030 (US$ Million)
- 11.3.16.4. Rest of the Europe Market Size and Forecast, By Application, 2018 - 2030 (US$ Million)
- 11.3.16.5. Rest of the Europe Market Size and Forecast, By Power Generation, 2018 - 2030 (US$ Million)
- 11.3.16.6. Rest of the Europe Market Size and Forecast, By End User, 2018 - 2030 (US$ Million)
- 11.4. Asia Pacific (APAC)
- 11.4.1. Overview
- 11.4.2. Variable Frequency Drive Key Manufacturers in Asia Pacific
- 11.4.3. Asia Pacific Market Size and Forecast, By Country, 2018 - 2030 (US$ Million)
- 11.4.4. Asia Pacific Market Size and Forecast, By Product Type, 2018 - 2030 (US$ Million)
- 11.4.5. Asia Pacific Market Size and Forecast, By Application, 2018 - 2030 (US$ Million)
- 11.4.6. Asia Pacific Market Size and Forecast, By Power Generation, 2018 - 2030 (US$ Million)
- 11.4.7. Asia Pacific Market Size and Forecast, By End User, 2018 - 2030 (US$ Million)
- 11.4.8. India
- 11.4.8.1. Overview
- 11.4.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2018 - 2030, (US$ Million)
- 11.4.8.3. India Market Size and Forecast, By Product Type, 2018 - 2030 (US$ Million)
- 11.4.8.4. India Market Size and Forecast, By Application, 2018 - 2030 (US$ Million)
- 11.4.8.5. India Market Size and Forecast, By Power Generation, 2018 - 2030 (US$ Million)
- 11.4.8.6. India Market Size and Forecast, By End User, 2018 - 2030 (US$ Million)
- 11.4.9. China
- 11.4.9.1. Overview
- 11.4.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2018 - 2030, (US$ Million)
- 11.4.9.3. China Market Size and Forecast, By Product Type, 2018 - 2030 (US$ Million)
- 11.4.9.4. China Market Size and Forecast, By Application, 2018 - 2030 (US$ Million)
- 11.4.9.5. China Market Size and Forecast, By Power Generation, 2018 - 2030 (US$ Million)
- 11.4.9.6. China Market Size and Forecast, By End User, 2018 - 2030 (US$ Million)
- 11.4.10. Japan
- 11.4.10.1. Overview
- 11.4.10.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2018 - 2030, (US$ Million)
- 11.4.10.3. Japan Market Size and Forecast, By Product Type, 2018 - 2030 (US$ Million)
- 11.4.10.4. Japan Market Size and Forecast, By Application, 2018 - 2030 (US$ Million)
- 11.4.10.5. Japan Market Size and Forecast, By Power Generation, 2018 - 2030 (US$ Million)
- 11.4.10.6. Japan Market Size and Forecast, By End User, 2018 - 2030 (US$ Million)
- 11.4.11. South Korea
- 11.4.11.1. Overview
- 11.4.11.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2018 - 2030, (US$ Million)
- 11.4.11.3. South Korea Market Size and Forecast, By Product Type, 2018 - 2030 (US$ Million)
- 11.4.11.4. South Korea Market Size and Forecast, By Application, 2018 - 2030 (US$ Million)
- 11.4.11.5. South Korea Market Size and Forecast, By Power Generation, 2018 - 2030 (US$ Million)
- 11.4.11.6. South Korea Market Size and Forecast, By End User, 2018 - 2030 (US$ Million)
- 11.4.12. Australia
- 11.4.12.1. Overview
- 11.4.12.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2018 - 2030, (US$ Million)
- 11.4.12.3. Australia Market Size and Forecast, By Product Type, 2018 - 2030 (US$ Million)
- 11.4.12.4. Australia Market Size and Forecast, By Application, 2018 - 2030 (US$ Million)
- 11.4.12.5. Australia Market Size and Forecast, By Power Generation, 2018 - 2030 (US$ Million)
- 11.4.12.6. Australia Market Size and Forecast, By End User, 2018 - 2030 (US$ Million)
- 11.4.13. Thailand
- 11.4.13.1. Overview
- 11.4.13.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2018 - 2030, (US$ Million)
- 11.4.13.3. Thailand Market Size and Forecast, By Product Type, 2018 - 2030 (US$ Million)
- 11.4.13.4. Thailand Market Size and Forecast, By Application, 2018 - 2030 (US$ Million)
- 11.4.13.5. Thailand Market Size and Forecast, By Power Generation, 2018 - 2030 (US$ Million)
- 11.4.13.6. Thailand Market Size and Forecast, By End User, 2018 - 2030 (US$ Million)
- 11.4.14. Indonesia
- 11.4.14.1. Overview
- 11.4.14.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2018 - 2030, (US$ Million)
- 11.4.14.3. Indonesia Market Size and Forecast, By Product Type, 2018 - 2030 (US$ Million)
- 11.4.14.4. Indonesia Market Size and Forecast, By Application, 2018 - 2030 (US$ Million)
- 11.4.14.5. Indonesia Market Size and Forecast, By Power Generation, 2018 - 2030 (US$ Million)
- 11.4.14.6. Indonesia Market Size and Forecast, By End User, 2018 - 2030 (US$ Million)
- 11.4.15. Philippines
- 11.4.15.1. Overview
- 11.4.15.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2018 - 2030, (US$ Million)
- 11.4.15.3. Philippines Market Size and Forecast, By Product Type, 2018 - 2030 (US$ Million)
- 11.4.15.4. Philippines Market Size and Forecast, By Application, 2018 - 2030 (US$ Million)
- 11.4.15.5. Philippines Market Size and Forecast, By Power Generation, 2018 - 2030 (US$ Million)
- 11.4.15.6. Philippines Market Size and Forecast, By End User, 2018 - 2030 (US$ Million)
- 11.4.16. Rest of APAC
- 11.4.16.1. Overview
- 11.4.16.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2018 - 2030, (US$ Million)
- 11.4.16.3. Rest of APAC Market Size and Forecast, By Product Type, 2018 - 2030 (US$ Million)
- 11.4.16.4. Rest of APAC Market Size and Forecast, By Application, 2018 - 2030 (US$ Million)
- 11.4.16.5. Rest of APAC Market Size and Forecast, By Power Generation, 2018 - 2030 (US$ Million)
- 11.4.16.6. Rest of APAC Market Size and Forecast, By End User, 2018 - 2030 (US$ Million)
- 11.5. Latin America
- 11.5.1. Overview
- 11.5.2. Variable Frequency Drive Key Manufacturers in Latin America
- 11.5.3. Latin America Market Size and Forecast, By Country, 2018 - 2030 (US$ Million)
- 11.5.4. Latin America Market Size and Forecast, By Product Type, 2018 - 2030 (US$ Million)
- 11.5.5. Latin America Market Size and Forecast, By Application, 2018 - 2030 (US$ Million)
- 11.5.6. Latin America Market Size and Forecast, By Power Generation, 2018 - 2030 (US$ Million)
- 11.5.7. Latin America Market Size and Forecast, By End User, 2018 - 2030 (US$ Million)
- 11.5.8. Brazil
- 11.5.8.1. Overview
- 11.5.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2018 - 2030, (US$ Million)
- 11.5.8.3. Brazil Market Size and Forecast, By Product Type, 2018 - 2030 (US$ Million)
- 11.5.8.4. Brazil Market Size and Forecast, By Application, 2018 - 2030 (US$ Million)
- 11.5.8.5. Brazil Market Size and Forecast, By Power Generation, 2018 - 2030 (US$ Million)
- 11.5.8.6. Brazil Market Size and Forecast, By End User, 2018 - 2030 (US$ Million)
- 11.5.9. Mexico
- 11.5.9.1. Overview
- 11.5.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2018 - 2030, (US$ Million)
- 11.5.9.3. Mexico Market Size and Forecast, By Product Type, 2018 - 2030 (US$ Million)
- 11.5.9.4. Mexico Market Size and Forecast, By Application, 2018 - 2030 (US$ Million)
- 11.5.9.5. Mexico Market Size and Forecast, By Power Generation, 2018 - 2030 (US$ Million)
- 11.5.9.6. Mexico Market Size and Forecast, By End User, 2018 - 2030 (US$ Million)
- 11.5.10. Argentina
- 11.5.10.1. Overview
- 11.5.10.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2018 - 2030, (US$ Million)
- 11.5.10.3. Argentina Market Size and Forecast, By Product Type, 2018 - 2030 (US$ Million)
- 11.5.10.4. Argentina Market Size and Forecast, By Application, 2018 - 2030 (US$ Million)
- 11.5.10.5. Argentina Market Size and Forecast, By Power Generation, 2018 - 2030 (US$ Million)
- 11.5.10.6. Argentina Market Size and Forecast, By End User, 2018 - 2030 (US$ Million)
- 11.5.11. Colombia
- 11.5.11.1. Overview
- 11.5.11.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2018 - 2030, (US$ Million)
- 11.5.11.3. Colombia Market Size and Forecast, By Product Type, 2018 - 2030 (US$ Million)
- 11.5.11.4. Colombia Market Size and Forecast, By Application, 2018 - 2030 (US$ Million)
- 11.5.11.5. Colombia Market Size and Forecast, By Power Generation, 2018 - 2030 (US$ Million)
- 11.5.11.6. Colombia Market Size and Forecast, By End User, 2018 - 2030 (US$ Million)
- 11.5.12. Rest of LATAM
- 11.5.12.1. Overview
- 11.5.12.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2018 - 2030, (US$ Million)
- 11.5.12.3. Rest of LATAM Market Size and Forecast, By Product Type, 2018 - 2030 (US$ Million)
- 11.5.12.4. Rest of LATAM Market Size and Forecast, By Application, 2018 - 2030 (US$ Million)
- 11.5.12.5. Rest of LATAM Market Size and Forecast, By Power Generation, 2018 - 2030 (US$ Million)
- 11.5.12.6. Rest of LATAM Market Size and Forecast, By End User, 2018 - 2030 (US$ Million)
- 11.6. Middle East and Africa
- 11.6.1. Overview
- 11.6.2. Variable Frequency Drive Key Manufacturers in Middle East and Africa
- 11.6.3. Middle East and Africa Market Size and Forecast, By Country, 2018 - 2030 (US$ Million)
- 11.6.4. Middle East and Africa Market Size and Forecast, By Product Type, 2018 - 2030 (US$ Million)
- 11.6.5. Middle East and Africa Market Size and Forecast, By Application, 2018 - 2030 (US$ Million)
- 11.6.6. Middle East and Africa Market Size and Forecast, By Power Generation, 2018 - 2030 (US$ Million)
- 11.6.7. Middle East and Africa Market Size and Forecast, By End User, 2018 - 2030 (US$ Million)
- 11.6.8. Saudi Arabia
- 11.6.8.1. Overview
- 11.6.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2018 - 2030, (US$ Million)
- 11.6.8.3. Saudi Arabia Market Size and Forecast, By Product Type, 2018 - 2030 (US$ Million)
- 11.6.8.4. Saudi Arabia Market Size and Forecast, By Application, 2018 - 2030 (US$ Million)
- 11.6.8.5. Saudi Arabia Market Size and Forecast, By Power Generation, 2018 - 2030 (US$ Million)
- 11.6.8.6. Saudi Arabia Market Size and Forecast, By End User, 2018 - 2030 (US$ Million)
- 11.6.9. United Arab Emirates
- 11.6.9.1. Overview
- 11.6.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2018 - 2030, (US$ Million)
- 11.6.9.3. United Arab Emirates Market Size and Forecast, By Product Type, 2018 - 2030 (US$ Million)
- 11.6.9.4. United Arab Emirates Market Size and Forecast, By Application, 2018 - 2030 (US$ Million)
- 11.6.9.5. United Arab Emirates Market Size and Forecast, By Power Generation, 2018 - 2030 (US$ Million)
- 11.6.9.6. United Arab Emirates Market Size and Forecast, By End User, 2018 - 2030 (US$ Million)
- 11.6.10. Israel
- 11.6.10.1. Overview
- 11.6.10.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2018 - 2030, (US$ Million)
- 11.6.10.3. Israel Market Size and Forecast, By Product Type, 2018 - 2030 (US$ Million)
- 11.6.10.4. Israel Market Size and Forecast, By Application, 2018 - 2030 (US$ Million)
- 11.6.10.5. Israel Market Size and Forecast, By Power Generation, 2018 - 2030 (US$ Million)
- 11.6.10.6. Israel Market Size and Forecast, By End User, 2018 - 2030 (US$ Million)
- 11.6.11. Turkey
- 11.6.11.1. Overview
- 11.6.11.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2018 - 2030, (US$ Million)
- 11.6.11.3. Turkey Market Size and Forecast, By Product Type, 2018 - 2030 (US$ Million)
- 11.6.11.4. Turkey Market Size and Forecast, By Application, 2018 - 2030 (US$ Million)
- 11.6.11.5. Turkey Market Size and Forecast, By Power Generation, 2018 - 2030 (US$ Million)
- 11.6.11.6. Turkey Market Size and Forecast, By End User, 2018 - 2030 (US$ Million)
- 11.6.12. Algeria
- 11.6.12.1. Overview
- 11.6.12.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2018 - 2030, (US$ Million)
- 11.6.12.3. Algeria Market Size and Forecast, By Product Type, 2018 - 2030 (US$ Million)
- 11.6.12.4. Algeria Market Size and Forecast, By Application, 2018 - 2030 (US$ Million)
- 11.6.12.5. Algeria Market Size and Forecast, By Power Generation, 2018 - 2030 (US$ Million)
- 11.6.12.6. Algeria Market Size and Forecast, By End User, 2018 - 2030 (US$ Million)
- 11.6.13. Egypt
- 11.6.13.1. Overview
- 11.6.13.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2018 - 2030, (US$ Million)
- 11.6.13.3. Egypt Market Size and Forecast, By Product Type, 2018 - 2030 (US$ Million)
- 11.6.13.4. Egypt Market Size and Forecast, By Application, 2018 - 2030 (US$ Million)
- 11.6.13.5. Egypt Market Size and Forecast, By Power Generation, 2018 - 2030 (US$ Million)
- 11.6.13.6. Egypt Market Size and Forecast, By End User, 2018 - 2030 (US$ Million)
- 11.6.14. Rest of MEA
- 11.6.14.1. Overview
- 11.6.14.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2018 - 2030, (US$ Million)
- 11.6.14.3. Rest of MEA Market Size and Forecast, By Product Type, 2018 - 2030 (US$ Million)
- 11.6.14.4. Rest of MEA Market Size and Forecast, By Application, 2018 - 2030 (US$ Million)
- 11.6.14.5. Rest of MEA Market Size and Forecast, By Power Generation, 2018 - 2030 (US$ Million)
- 11.6.14.6. Rest of MEA Market Size and Forecast, By End User, 2018 - 2030 (US$ Million)
12. Key Vendor Analysis- Variable Frequency Drive Industry
- 12.1. Competitive Dashboard
- 12.2. Company Profiles
- 12.2.1. ABB
- 12.2.2. Eaton
- 12.2.3. General Electric
- 12.2.4. Hitachi Ltd.
- 12.2.5. Rockwell Automation Inc.
- 12.2.6. Schneider Electric
- 12.2.7. Siemens AG
- 12.2.8. The Danfoss Group
- 12.2.9. WEG S.A.
- 12.2.10. Yaskawa Electric Corporation
- 12.2.11. Others
13. 360 Degree Analyst View
14. Appendix
- 14.1. Research Methodology
- 14.2. References
- 14.3. Abbreviations
- 14.4. Disclaimer
- 14.5. Contact Us
Product Code: ANV2016
List of Tables
- TABLE List of data sources
- TABLE Market drivers; Impact Analysis
- TABLE Market restraints; Impact Analysis
- TABLE Variable Frequency Drive Market: Product Type Snapshot (2022)
- TABLE Segment Dashboard; Definition and Scope, by Product Type
- TABLE Global Variable Frequency Drive Market, by Product Type 2018-2030 (USD Million)
- TABLE Variable Frequency Drive Market: Application Snapshot (2022)
- TABLE Segment Dashboard; Definition and Scope, by Application
- TABLE Global Variable Frequency Drive Market, by Application 2018-2030 (USD Million)
- TABLE Variable Frequency Drive Market: Power Generation Snapshot (2022)
- TABLE Segment Dashboard; Definition and Scope, by Power Generation
- TABLE Global Variable Frequency Drive Market, by Power Generation 2018-2030 (USD Million)
- TABLE Variable Frequency Drive Market: End User Snapshot (2022)
- TABLE Segment Dashboard; Definition and Scope, by End User
- TABLE Global Variable Frequency Drive Market, by End User 2018-2030 (USD Million)
- TABLE Variable Frequency Drive Market: Regional snapshot (2022)
- TABLE Segment Dashboard; Definition and Scope, by Region
- TABLE Global Variable Frequency Drive Market, by Region 2018-2030 (USD Million)
- TABLE North America Variable Frequency Drive Market, by Country, 2018-2030 (USD Million)
- TABLE North America Variable Frequency Drive Market, by Product Type, 2018-2030 (USD Million)
- TABLE North America Variable Frequency Drive Market, by Application, 2018-2030 (USD Million)
- TABLE North America Variable Frequency Drive Market, by Power Generation, 2018-2030 (USD Million)
- TABLE North America Variable Frequency Drive Market, by End User, 2018-2030 (USD Million)
- TABLE Europe Variable Frequency Drive Market, by Country, 2018-2030 (USD Million)
- TABLE Europe Variable Frequency Drive Market, by Product Type, 2018-2030 (USD Million)
- TABLE Europe Variable Frequency Drive Market, by Application, 2018-2030 (USD Million)
- TABLE Europe Variable Frequency Drive Market, by Power Generation, 2018-2030 (USD Million)
- TABLE Europe Variable Frequency Drive Market, by End User, 2018-2030 (USD Million)
- TABLE Asia Pacific Variable Frequency Drive Market, by Country, 2018-2030 (USD Million)
- TABLE Asia Pacific Variable Frequency Drive Market, by Product Type, 2018-2030 (USD Million)
- TABLE Asia Pacific Variable Frequency Drive Market, by Application, 2018-2030 (USD Million)
- TABLE Asia Pacific Variable Frequency Drive Market, by Power Generation, 2018-2030 (USD Million)
- TABLE Asia Pacific Variable Frequency Drive Market, by End User, 2018-2030 (USD Million)
- TABLE Latin America Variable Frequency Drive Market, by Country, 2018-2030 (USD Million)
- TABLE Latin America Variable Frequency Drive Market, by Product Type, 2018-2030 (USD Million)
- TABLE Latin America Variable Frequency Drive Market, by Application, 2018-2030 (USD Million)
- TABLE Latin America Variable Frequency Drive Market, by Power Generation, 2018-2030 (USD Million)
- TABLE Latin America Variable Frequency Drive Market, by End User, 2018-2030 (USD Million)
- TABLE Middle East and Africa Variable Frequency Drive Market, by Country, 2018-2030 (USD Million)
- TABLE Middle East and Africa Variable Frequency Drive Market, by Product Type, 2018-2030 (USD Million)
- TABLE Middle East and Africa Variable Frequency Drive Market, by Application, 2018-2030 (USD Million)
- TABLE Middle East and Africa Variable Frequency Drive Market, by Power Generation, 2018-2030 (USD Million)
- TABLE Middle East and Africa Variable Frequency Drive Market, by End User, 2018-2030 (USD Million)
List of Figures
- FIGURE Variable Frequency Drive Market Segmentation
- FIGURE Market research methodology
- FIGURE Value chain analysis
- FIGURE Porter's Five Forces Analysis
- FIGURE Market Attractiveness Analysis
- FIGURE COVID-19 Impact Analysis
- FIGURE Pre & Post COVID-19 Impact Comparision Study
- FIGURE Competitive Landscape; Key company market share analysis, 2022
- FIGURE Product Type segment market share analysis, 2022 & 2030
- FIGURE Product Type segment market size forecast and trend analysis, 2018 to 2030 (USD Million)
- FIGURE Application segment market share analysis, 2022 & 2030
- FIGURE Application segment market size forecast and trend analysis, 2018 to 2030 (USD Million)
- FIGURE Power Generation segment market share analysis, 2022 & 2030
- FIGURE Power Generation segment market size forecast and trend analysis, 2018 to 2030 (USD Million)
- FIGURE End User segment market share analysis, 2022 & 2030
- FIGURE End User segment market size forecast and trend analysis, 2018 to 2030 (USD Million)
- FIGURE Regional segment market share analysis, 2022 & 2030
- FIGURE Regional segment market size forecast and trend analysis, 2018 to 2030 (USD Million)
- FIGURE North America Variable Frequency Drive Market share and leading players, 2022
- FIGURE Europe Variable Frequency Drive Market share and leading players, 2022
- FIGURE Asia Pacific Variable Frequency Drive Market share and leading players, 2022
- FIGURE Latin America Variable Frequency Drive Market share and leading players, 2022
- FIGURE Middle East and Africa Variable Frequency Drive Market share and leading players, 2022
- FIGURE North America market share analysis by country, 2022
- FIGURE U.S. Variable Frequency Drive Market size, forecast and trend analysis, 2018 to 2030 (USD Million)
- FIGURE Canada Variable Frequency Drive Market size, forecast and trend analysis, 2018 to 2030 (USD Million)
- FIGURE Europe Variable Frequency Drive Market share analysis by country, 2022
- FIGURE Germany Variable Frequency Drive Market size, forecast and trend analysis, 2018 to 2030 (USD Million)
- FIGURE Spain Variable Frequency Drive Market size, forecast and trend analysis, 2018 to 2030 (USD Million)
- FIGURE Italy Variable Frequency Drive Market size, forecast and trend analysis, 2018 to 2030 (USD Million)
- FIGURE France Variable Frequency Drive Market size, forecast and trend analysis, 2018 to 2030 (USD Million)
- FIGURE UK Variable Frequency Drive Market size, forecast and trend analysis, 2018 to 2030 (USD Million)
- FIGURE Russia Variable Frequency Drive Market size, forecast and trend analysis, 2018 to 2030 (USD Million)
- FIGURE Netherlands Variable Frequency Drive Market size, forecast and trend analysis, 2018 to 2030 (USD Million)
- FIGURE Sweden Variable Frequency Drive Market size, forecast and trend analysis, 2018 to 2030 (USD Million)
- FIGURE Poland Variable Frequency Drive Market size, forecast and trend analysis, 2018 to 2030 (USD Million)
- FIGURE Rest of the Europe Variable Frequency Drive Market size, forecast and trend analysis, 2018 to 2030 (USD Million)
- FIGURE Asia Pacific Variable Frequency Drive Market share analysis by country, 2022
- FIGURE India Variable Frequency Drive Market size, forecast and trend analysis, 2018 to 2030 (USD Million)
- FIGURE China Variable Frequency Drive Market size, forecast and trend analysis, 2018 to 2030 (USD Million)
- FIGURE Japan Variable Frequency Drive Market size, forecast and trend analysis, 2018 to 2030 (USD Million)
- FIGURE South Korea Variable Frequency Drive Market size, forecast and trend analysis, 2018 to 2030 (USD Million)
- FIGURE Australia Variable Frequency Drive Market size, forecast and trend analysis, 2018 to 2030 (USD Million)
- FIGURE Thailand Variable Frequency Drive Market size, forecast and trend analysis, 2018 to 2030 (USD Million)
- FIGURE Indonesia Variable Frequency Drive Market size, forecast and trend analysis, 2018 to 2030 (USD Million)
- FIGURE Phillipines Variable Frequency Drive Market size, forecast and trend analysis, 2018 to 2030 (USD Million)
- FIGURE Rest of APAC Variable Frequency Drive Market size, forecast and trend analysis, 2018 to 2030 (USD Million)
- FIGURE Latin America Variable Frequency Drive Market size, forecast and trend analysis, 2018 to 2030 (USD Million)
- FIGURE Latin America Variable Frequency Drive Market share analysis by country, 2022
- FIGURE Brazil Variable Frequency Drive Market size, forecast and trend analysis, 2018 to 2030 (USD Million)
- FIGURE Mexico Variable Frequency Drive Market size, forecast and trend analysis, 2018 to 2030 (USD Million)
- FIGURE Argentina Variable Frequency Drive Market size, forecast and trend analysis, 2018 to 2030 (USD Million)
- FIGURE Colombia Variable Frequency Drive Market size, forecast and trend analysis, 2018 to 2030 (USD Million)
- FIGURE Rest of LATAM Variable Frequency Drive Market size, forecast and trend analysis, 2018 to 2030 (USD Million)
- FIGURE Middle East and Africa Variable Frequency Drive Market size, forecast and trend analysis, 2018 to 2030 (USD Million)
- FIGURE Middle East and Africa Variable Frequency Drive Market share analysis by country, 2022
- FIGURE Saudi Arabia Variable Frequency Drive Market size, forecast and trend analysis, 2018 to 2030 (USD Million)
- FIGURE United Arab Emirates Variable Frequency Drive Market size, forecast and trend analysis, 2018 to 2030 (USD Million)
- FIGURE Israel Variable Frequency Drive Market size, forecast and trend analysis, 2018 to 2030 (USD Million)
- FIGURE Turkey Variable Frequency Drive Market size, forecast and trend analysis, 2018 to 2030 (USD Million)
- FIGURE Algeria Variable Frequency Drive Market size, forecast and trend analysis, 2018 to 2030 (USD Million)
- FIGURE Egypt Variable Frequency Drive Market size, forecast and trend analysis, 2018 to 2030 (USD Million)
- FIGURE Rest of MEA Variable Frequency Drive Market size, forecast and trend analysis, 2018 to 2030 (USD Million)
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