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Market Research Report

Variable Frequency Drive (VFD) Market by Type (AC, DC, & Servo), End-Users (Industrial, Infrastructure, Oil & Gas, & Power Generation), Application (Pumps, Fans, Compressors, & Conveyors), Power Range, Voltage, & Region - Global Forecast to 2023

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Variable Frequency Drive (VFD) Market by Type (AC, DC, & Servo), End-Users (Industrial, Infrastructure, Oil & Gas, & Power Generation), Application (Pumps, Fans, Compressors, & Conveyors), Power Range, Voltage, & Region - Global Forecast to 2023
Published: June 18, 2018 Content info: 168 Pages
Description

"The VFD market is projected to grow at a CAGR of 5.87%, from 2018 to 2023."

The VFD market is projected to reach USD 27.57 billion by 2023, from an estimated USD 20.73 billion in 2018, at a CAGR of 5.87%, from 2018 to 2023. This growth can be attributed to the increasing industrialization and urbanization and rising need of energy efficiency. Stagnant growth in the oil & gas industry due to declining oil prices can hinder the growth of the market.

"The AC drives segment is expected to dominate the VFD market from 2018 to 2023."

The AC drives segment held the largest market share in 2017 and is estimated to be the fastest-growing segment during the forecast period. The AC drives segment provides more advantages as compared with DC and servo drives. The primary advantages of AC drives include increased energy savings and reduced levels of noise and vibrations. AC drives are mainly used for variable torque application in industries such as oil & gas, water & wastewater, and mining.

"Asia Pacific: The fastest growing market for VFDs."

Asia Pacific is expected to be the largest market for VFDs in 2023 and is projected to grow at the highest CAGR, during the forecast period. China accounted for the largest share of the VFD market in the Asia Pacific region in 2017. Moreover, in January 2017, the government of China planned to invest about USD 361 billion in clean energy by 2020 as China aims to supply 20% of power from non-fossil sources by 2030, which shows a positive growth for the VFD market. All these factors are expected to drive the growth of the VFD market in Asia Pacific.

Breakdown of Primaries:

In-depth interviews have been conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information, as well as to assess future market prospects. The distribution of primary interviews is as follows:

  • By Company Type: Tier 1- 55%, Tier 2- 9%, and Tier 3- 36%
  • By Designation: C-Level- 9%, Managers- 18%, and Others- 73%
  • By Region: Asia Pacific- 82%, North America- 9%, and RoW- 9%

Note: Others includes product engineers, product specialists, and engineering leads.

Note: The tiers of the companies are defined on the basis of their total revenues as of 2017. Tier 1: >USD 1 billion, Tier 2: From USD 500 million to USD 1 billion, and Tier 3: <USD 500 million

The leading players in the VFD market include: ABB (Switzerland), Siemens (Germany), Schneider Electric (France), Danfoss (Denmark), and Rockwell (US).

Research Coverage:

The report defines, describes, and forecasts the global VFD market by type, voltage, application, power ratings, and region. It also offers a detailed qualitative and quantitative analysis of the market. The report provides a comprehensive review of the major market drivers, restraints, opportunities, and challenges. It also covers various important aspects of the market. These include an analysis of the competitive landscape, market dynamics, market estimates in terms of value, and future trends in the VFD market.

Why buy this report?

  • 1. The report identifies and addresses key markets for VFDs, which would help manufacturers review the growth in demand.
  • 2. The report helps system providers understand the pulse of the market and provides insights into drivers, restraints, opportunities, and challenges.
  • 3. The report will help key players understand the strategies of their competitors better and will help in making strategic decisions.
Table of Contents
Product Code: EP 2653

TABLE OF CONTENTS

1. INTRODUCTION

  • 1.1. OBJECTIVES OF THE STUDY
  • 1.2. DEFINITION
  • 1.3. MARKET SCOPE
    • 1.3.1. MARKET SEGMENTATION
    • 1.3.2. REGIONAL SCOPE
  • 1.4. YEARS CONSIDERED FOR THE STUDY
  • 1.5. CURRENCY
  • 1.6. LIMITATION
  • 1.7. STAKEHOLDERS

2. RESEARCH METHODOLOGY

  • 2.1. RESEARCH DATA
    • 2.1.1. SECONDARY DATA
      • 2.1.1.1. Secondary sources
    • 2.1.2. PRIMARY DATA
      • 2.1.2.1. Key data from primary sources
      • 2.1.2.2. Key data from primary sources
      • 2.1.2.3. Breakdown of primaries
  • 2.2. MARKET SIZE ESTIMATION
    • 2.2.1. BOTTOM-UP APPROACH
    • 2.2.2. TOP-DOWN APPROACH
  • 2.3. MARKET BREAKDOWN & DATA TRIANGULATION
  • 2.4. RESEARCH ASSUMPTIONS

3. EXECUTIVE SUMMARY

4. PREMIUM INSIGHTS

  • 4.1. ATTRACTIVE OPPORTUNITIES IN THE VFD MARKET, 2018-2023
  • 4.2. VFD MARKET, BY VOLTAGE
  • 4.3. VFD MARKET, BY APPLICATION
  • 4.4. VFD MARKET, BY POWER RANGE
  • 4.5. VFD MARKET, BY TYPE
  • 4.6. ASIA PACIFIC VFD MARKET

5. MARKET OVERVIEW

  • 5.1. INTRODUCTION
  • 5.2. MARKET DYNAMICS
    • 5.2.1. DRIVERS
      • 5.2.1.1. Increased use of VFDs across major vertical industries
      • 5.2.1.2. Rising need for energy efficiency
      • 5.2.1.3. Supportive regulatory environment
    • 5.2.2. RESTRAINTS
      • 5.2.2.1. Stagnant growth of the oil & gas industry
    • 5.2.3. OPPORTUNITIES
      • 5.2.3.1. Aging power infrastructure
      • 5.2.3.2. Industrial internet of things (IIoT)
    • 5.2.4. CHALLENGES
      • 5.2.4.1. Gray market providing low-quality and cheap products

6. VARIABLE FREQUENCY DRIVE MARKET, BY TYPE

  • 6.1. INTRODUCTION
  • 6.2. AC DRIVES
  • 6.3. DC DRIVES
  • 6.4. SERVO DRIVES

7. VARIABLE FREQUENCY DRIVE MARKET, BY VOLTAGE

  • 7.1. INTRODUCTION
  • 7.2. LOW VOLTAGE (UP TO 690 V)
  • 7.3. MEDIUM VOLTAGE (> 690 V)

8. VARIABLE FREQUENCY DRIVE MARKET, BY APPLICATION

  • 8.1. INTRODUCTION
  • 8.2. PUMPS
  • 8.3. FANS
  • 8.4. COMPRESSORS
  • 8.5. CONVEYORS
  • 8.6. OTHERS

9. VARIABLE FREQUENCY DRIVE MARKET, BY POWER RANGE

  • 9.1. INTRODUCTION
  • 9.2. MICRO POWER DRIVES
  • 9.3. LOW POWER DRIVES
  • 9.4. MEDIUM POWER DRIVES
  • 9.5. HIGH POWER DRIVES

10. VARIABLE FREQUENCY DRIVE MARKET, BY END-USER

  • 10.1. INTRODUCTION
  • 10.2. INDUSTRIAL
  • 10.3. INFRASTRUCTURE
  • 10.4. POWER GENERATION
  • 10.5. OIL & GAS

11. VARIABLE FREQUENCY DRIVE MARKET, BY REGION

  • 11.1. INTRODUCTION
  • 11.2. ASIA PACIFIC
    • 11.2.1. BY VOLTAGE
    • 11.2.2. BY APPLICATION
    • 11.2.3. BY POWER RANGE
    • 11.2.4. BY TYPE
    • 11.2.5. BY COUNTRY
      • 11.2.5.1. China
      • 11.2.5.2. India
      • 11.2.5.3. Japan
      • 11.2.5.4. Australia
      • 11.2.5.5. South Korea
      • 11.2.5.6. Indonesia
      • 11.2.5.7. Rest of Asia Pacific
  • 11.3. EUROPE
    • 11.3.1. BY VOLTAGE
    • 11.3.2. BY APPLICATION
    • 11.3.3. BY POWER RANGE
    • 11.3.4. BY TYPE
    • 11.3.5. BY COUNTRY
      • 11.3.5.1. Germany
      • 11.3.5.2. France
      • 11.3.5.3. UK
      • 11.3.5.4. Russia
      • 11.3.5.5. Italy
      • 11.3.5.6. Spain
      • 11.3.5.7. Rest of Europe
  • 11.4. NORTH AMERICA
    • 11.4.1. BY VOLTAGE
    • 11.4.2. BY APPLICATION
    • 11.4.3. BY POWER RANGE
    • 11.4.4. BY TYPE
    • 11.4.5. BY COUNTRY
      • 11.4.5.1. US
      • 11.4.5.2. Canada
      • 11.4.5.3. Mexico
  • 11.5. SOUTH AMERICA
    • 11.5.1. BY VOLTAGE
    • 11.5.2. BY APPLICATION
    • 11.5.3. BY POWER RANGE
    • 11.5.4. BY TYPE
    • 11.5.5. BY COUNTRY
      • 11.5.5.1. Brazil
      • 11.5.5.2. Argentina
      • 11.5.5.3. Chile
      • 11.5.5.4. Rest of South America
  • 11.6. MIDDLE EAST
    • 11.6.1. BY VOLTAGE
    • 11.6.2. BY APPLICATION
    • 11.6.3. BY POWER RANGE
    • 11.6.4. BY TYPE
    • 11.6.5. BY COUNTRY
      • 11.6.5.1. Saudi Arabia
      • 11.6.5.2. UAE
      • 11.6.5.3. Qatar
      • 11.6.5.4. Oman
      • 11.6.5.5. Kuwait
      • 11.6.5.6. Rest of Middle East
  • 11.7. AFRICA
    • 11.7.1. BY VOLTAGE
    • 11.7.2. BY APPLICATION
    • 11.7.3. BY POWER RANGE
    • 11.7.4. BY TYPE
    • 11.7.5. BY COUNTRY
      • 11.7.5.1. Egypt
      • 11.7.5.2. Nigeria
      • 11.7.5.3. South Africa
      • 11.7.5.4. Rest of Africa

12. COMPETITIVE LANDSCAPE

  • 12.1. OVERVIEW
  • 12.2. RANKING OF PLAYERS AND INDUSTRY CONCENTRATION, 2017
  • 12.3. COMPETITIVE SCENARIO
    • 12.3.1. NEW PRODUCT LAUNCHES
    • 12.3.2. CONTRACTS & AGREEMENTS
    • 12.3.3. INVESTMENTS & EXPANSIONS
    • 12.3.4. MERGERS & ACQUISITIONS
    • 12.3.5. OTHERS

13. COMPANY PROFILE (Business overview, Products offered, Recent Developments, MNM view)*

  • 13.1. BENCHMARKING
  • 13.2. ABB
  • 13.3. SIEMENS
  • 13.4. SCHNEIDER ELECTRIC
  • 13.5. DANFOSS
  • 13.6. ROCKWELL
  • 13.7. CROMPTON GREAVES
  • 13.8. EATON
  • 13.9. FUJI
  • 13.10. HITACHI
  • 13.11. NIDEC
  • 13.12. TMEIC
  • 13.13. WEG SA
  • 13.14. YASKAWA

*Details on Business overview, Products offered, Recent Developments, MNM view might not be captured in case of unlisted companies.

14. APPENDIX

  • 14.1. INSIGHTS OF INDUSTRY EXPERTS
  • 14.2. DISCUSSION GUIDE
  • 14.3. KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
  • 14.4. INTRODUCING RT: REAL-TIME MARKET INTELLIGENCE
  • 14.5. AVAILABLE CUSTOMIZATIONS
  • 14.6. RELATED REPORTS
  • 14.7. AUTHOR DETAILS

LIST OF TABLES

  • TABLE 1: VFD MARKET SNAPSHOT
  • TABLE 2: VFD MARKET SIZE, BY TYPE, 2016-2023 (USD MILLION)
  • TABLE 3: AC DRIVES: VFD MARKET SIZE, BY REGION, 2016-2023 (USD MILLION)
  • TABLE 4: DC DRIVES: VFD MARKET SIZE, BY REGION, 2016-2023 (USD MILLION)
  • TABLE 5: SERVO DRIVES: VFD MARKET SIZE, BY REGION, 2016-2023 (USD MILLION)
  • TABLE 6: VFD MARKET SIZE, BY VOLTAGE, 2016-2023 (USD MILLION)
  • TABLE 7: LOW VOLTAGE: VFD MARKET SIZE, BY REGION, 2016-2023 (USD MILLION)
  • TABLE 8: MEDIUM VOLTAGE: VFD MARKET SIZE, BY REGION, 2016-2023 (USD MILLION)
  • TABLE 9: GLOBAL VFD MARKET SIZE, BY APPLICATION, 2016-2023 (USD MILLION)
  • TABLE 10: PUMPS: VFD MARKET SIZE, BY REGION, 2016-2023 (USD MILLION)
  • TABLE 11: FANS: VFD MARKET SIZE, BY REGION, 2016-2023 (USD MILLION)
  • TABLE 12: COMPRESSORS: VFD MARKET SIZE, BY REGION, 2016-2023 (USD MILLION)
  • TABLE 13: CONVEYORS: VFD MARKET SIZE, BY REGION, 2016-2023 (USD MILLION)
  • TABLE 14: OTHERS: VFD MARKET, BY REGION, 2016-2023 (USD MILLION)
  • TABLE 15: VFD MARKET SIZE, BY POWER RANGE, 2016-2023 (USD MILLION)
  • TABLE 16: MICRO POWER DRIVES: VFD MARKET SIZE, BY REGION, 2016-2023 (USD MILLION)
  • TABLE 17: LOW POWER DRIVES: VFD MARKET SIZE, BY REGION, 2016-2023 (USD MILLION)
  • TABLE 18: MEDIUM POWER DRIVES: VFD MARKET SIZE, BY REGION, 2016-2023 (USD MILLION)
  • TABLE 19: HIGH POWER DRIVES: VFD MARKET SIZE, BY REGION, 2016-2023 (USD MILLION)
  • TABLE 20: VFD MARKET SIZE, BY END-USER, 2016-2023 (USD MILLION)
  • TABLE 21: INDUSTRIAL: VFD MARKET SIZE, BY VOLTAGE, 2016-2023 (USD MILLION)
  • TABLE 22: INFRASTRUCTURE: VFD MARKET SIZE, BY VOLTAGE, 2016-2023 (USD MILLION)
  • TABLE 23: POWER GENERATION: VFD MARKET SIZE, BY VOLTAGE, 2016-2023 (USD MILLION)
  • TABLE 24: OIL & GAS: VFD MARKET SIZE, BY VOLTAGE, 2016-2023 (USD MILLION)
  • TABLE 25: VFD MARKET SIZE, BY REGION, 2016-2023 (USD MILLION)
  • TABLE 26: ASIA PACIFIC: VFD MARKET SIZE, BY VOLTAGE, 2016-2023 (USD MILLION)
  • TABLE 27: ASIA PACIFIC: VFD MARKET SIZE, BY APPLICATION, 2016-2023 (USD MILLION)
  • TABLE 28: ASIA PACIFIC: VFD MARKET SIZE, BY POWER RANGE, 2016-2023 (USD MILLION)
  • TABLE 29: ASIA PACIFIC: VFD MARKET SIZE, BY TYPE, 2016-2023 (USD MILLION)
  • TABLE 30: ASIA PACIFIC: VFD MARKET SIZE, BY COUNTRY, 2016-2023 (USD MILLION)
  • TABLE 31: CHINA: VFD MARKET SIZE, BY VOLTAGE, 2016-2023 (USD MILLION)
  • TABLE 32: INDIA: VFD MARKET SIZE, BY VOLTAGE, 2016-2023 (USD MILLION)
  • TABLE 33: JAPAN: VFD MARKET SIZE, BY VOLTAGE, 2016-2023 (USD MILLION)
  • TABLE 34: AUSTRALIA: VFD MARKET SIZE, BY VOLTAGE, 2016-2023 (USD MILLION)
  • TABLE 35: SOUTH KOREA: VFD MARKET SIZE, BY VOLTAGE, 2016-2023 (USD MILLION)
  • TABLE 36: INDONESIA: VFD MARKET SIZE, BY VOLTAGE, 2016-2023 (USD MILLION)
  • TABLE 37: REST OF ASIA PACIFIC: VFD MARKET SIZE, BY VOLTAGE, 2016-2023 (USD MILLION)
  • TABLE 38: EUROPE: VFD MARKET SIZE, BY VOLTAGE, 2016-2023 (USD MILLION)
  • TABLE 39: EUROPE: VFD MARKET SIZE, BY APPLICATION, 2016-2023 (USD MILLION)
  • TABLE 40: EUROPE: VFD MARKET SIZE, BY POWER RANGE, 2016-2023 (USD MILLION)
  • TABLE 41: EUROPE: VFD MARKET SIZE, BY TYPE, 2016-2023 (USD MILLION)
  • TABLE 42: EUROPE: VFD MARKET SIZE, BY COUNTRY, 2016-2023 (USD MILLION)
  • TABLE 43: GERMANY: VFD MARKET SIZE, BY VOLTAGE, 2016-2023 (USD MILLION)
  • TABLE 44: FRANCE: VFD MARKET SIZE, BY VOLTAGE, 2016-2023 (USD MILLION)
  • TABLE 45: UK: VFD MARKET SIZE, BY VOLTAGE, 2016-2023 (USD MILLION)
  • TABLE 46: RUSSIA: VFD MARKET SIZE, BY VOLTAGE, 2016-2023 (USD MILLION)
  • TABLE 47: ITALY: VFD MARKET SIZE, BY VOLTAGE, 2016-2023 (USD MILLION)
  • TABLE 48: SPAIN: VFD MARKET SIZE, BY VOLTAGE, 2016-2023 (USD MILLION)
  • TABLE 49: REST OF EUROPE: VFD MARKET SIZE, BY VOLTAGE, 2016-2023 (USD MILLION)
  • TABLE 50: NORTH AMERICA: VFD MARKET SIZE, BY VOLTAGE, 2016-2023 (USD MILLION)
  • TABLE 51: NORTH AMERICA: VFD MARKET SIZE, BY APPLICATION, 2016-2023 (USD MILLION)
  • TABLE 52: NORTH AMERICA: VFD MARKET SIZE, BY POWER RANGE, 2016-2023 (USD MILLION)
  • TABLE 53: NORTH AMERICA: VFD MARKET SIZE, BY TYPE, 2016-2023 (USD MILLION)
  • TABLE 54: NORTH AMERICA: VFD MARKET SIZE, BY COUNTRY, 2016-2023 (USD MILLION)
  • TABLE 55: US: VFD MARKET SIZE, BY VOLTAGE, 2016-2023 (USD MILLION)
  • TABLE 56: CANADA: VFD MARKET SIZE, BY VOLTAGE, 2016-2023 (USD MILLION)
  • TABLE 57: MEXICO: VFD MARKET SIZE, BY VOLTAGE, 2016-2023 (USD MILLION)
  • TABLE 58: SOUTH AMERICA: VFD MARKET SIZE, BY VOLTAGE, 2016-2023 (USD MILLION)
  • TABLE 59: SOUTH AMERICA: VFD MARKET SIZE, BY APPLICATION, 2016-2023 (USD MILLION)
  • TABLE 60: SOUTH AMERICA: VFD MARKET SIZE, BY POWER RANGE, 2016-2023 (USD MILLION)
  • TABLE 61: SOUTH AMERICA: VFD MARKET SIZE, BY TYPE, 2016-2023 (USD MILLION)
  • TABLE 62: SOUTH AMERICA: VFD MARKET SIZE, BY COUNTRY, 2016-2023 (USD MILLION)
  • TABLE 63: BRAZIL: VFD MARKET SIZE, BY VOLTAGE, 2016-2023 (USD MILLION)
  • TABLE 64: ARGENTINA: VFD MARKET SIZE, BY VOLTAGE, 2016-2023 (USD MILLION)
  • TABLE 65: CHILE: VFD MARKET SIZE, BY VOLTAGE, 2016-2023 (USD MILLION)
  • TABLE 66: REST OF SOUTH AMERICA: VFD MARKET SIZE, BY VOLTAGE, 2016-2023 (USD MILLION)
  • TABLE 67: MIDDLE EAST: VFD MARKET SIZE, BY VOLTAGE, 2016-2023 (USD MILLION)
  • TABLE 68: MIDDLE EAST: VFD MARKET SIZE, BY APPLICATION, 2016-2023 (USD MILLION)
  • TABLE 69: MIDDLE EAST: VFD MARKET SIZE, BY POWER RANGE, 2016-2023 (USD MILLION)
  • TABLE 70: MIDDLE EAST: VFD MARKET SIZE, BY TYPE, 2016-2023 (USD MILLION)
  • TABLE 71: MIDDLE EAST: VFD MARKET SIZE, BY COUNTRY, 2016-2023 (USD MILLION)
  • TABLE 72: SAUDI ARABIA: VFD MARKET SIZE, BY VOLTAGE, 2016-2023 (USD MILLION)
  • TABLE 73: UAE: VFD MARKET SIZE, BY VOLTAGE, 2016-2023 (USD MILLION)
  • TABLE 74: QATAR: VFD MARKET SIZE, BY VOLTAGE, 2016-2023 (USD MILLION)
  • TABLE 75: OMAN: VFD MARKET SIZE, BY VOLTAGE, 2016-2023 (USD MILLION)
  • TABLE 76: KUWAIT: VFD MARKET SIZE, BY VOLTAGE, 2016-2023 (USD MILLION)
  • TABLE 77: REST OF MIDDLE EAST: VFD MARKET SIZE, BY VOLTAGE, 2016-2023 (USD MILLION)
  • TABLE 78: AFRICA: VFD MARKET SIZE, BY VOLTAGE, 2016-2023 (USD MILLION)
  • TABLE 79: AFRICA: VFD MARKET SIZE, BY APPLICATION, 2016-2023 (USD MILLION)
  • TABLE 80: AFRICA: VFD MARKET SIZE, BY POWER RANGE, 2016-2023 (USD MILLION)
  • TABLE 81: AFRICA: VFD MARKET SIZE, BY TYPE, 2016-2023 (USD MILLION)
  • TABLE 82: AFRICA: VFD MARKET SIZE, BY COUNTRY, 2016-2023 (USD MILLION)
  • TABLE 83: EGYPT: VFD MARKET SIZE, BY VOLTAGE, 2016-2023 (USD MILLION)
  • TABLE 84: NIGERIA: VFD MARKET SIZE, BY VOLTAGE, 2016-2023 (USD MILLION)
  • TABLE 85: SOUTH AFRICA: VFD MARKET SIZE, BY VOLTAGE, 2016-2023 (USD MILLION)
  • TABLE 86: REST OF AFRICA: VFD MARKET SIZE, BY VOLTAGE, 2016-2023 (USD MILLION)
  • TABLE 87: TMEIC WAS THE MOST ACTIVE PLAYER IN THE MARKET BETWEEN 2014 & 2018

LIST OF FIGURES

  • FIGURE 1: RESEARCH DESIGN
  • FIGURE 2: BREAKDOWN OF PRIMARIES: BY COMPANY TYPE, DESIGNATION, & REGION
  • FIGURE 3: BOTTOM-UP APPROACH
  • FIGURE 4: TOP-DOWN APPROACH
  • FIGURE 5: DATA TRIANGULATION METHODOLOGY
  • FIGURE 6: ASSUMPTIONS OF THE RESEARCH STUDY
  • FIGURE 7: AC DRIVES SEGMENT TO REGISTER THE HIGHEST CAGR
  • FIGURE 8: LOW-VOLTAGE SEGMENT TO LEAD THE VFD MARKET
  • FIGURE 9: LOW POWER DRIVES SEGMENT TO LEAD THE VFD MARKET
  • FIGURE 10: PUMPS TO BE THE LEADING APPLICATION OF VFD
  • FIGURE 11: ASIA PACIFIC TO LEAD THE VFD MARKET
  • FIGURE 12: SUPPORTING REGULATORY ENVIRONMENT & RISING NEED OF ENERGY EFFICIENCY ARE DRIVING THE VFD MARKET DURING THE FORECAST PERIOD
  • FIGURE 13: MEDIUM-VOLTAGE SEGMENT TO REGISTER THE HIGHEST CAGR
  • FIGURE 14: PUMPS SEGMENT ACCOUNTED FOR THE LARGEST MARKET SHARE IN 2017
  • FIGURE 15: HIGH POWER DRIVES SEGMENT TO REGISTER THE HIGHEST CAGR
  • FIGURE 16: AC DRIVES WAS THE LARGEST TYPE AND ASIA PACIFIC WAS THE LARGEST MARKET IN THE AC DRIVES SEGMENT IN 2017
  • FIGURE 17: CHINA WAS THE LARGEST VFD MARKET IN ASIA PACIFIC
  • FIGURE 18: FACTORS GOVERNING THE VFD MARKET
  • FIGURE 19: GLOBAL ELECTRICITY CONSUMPTION, 2011-2016
  • FIGURE 20: CRUDE OIL PRICE TREND, 2014-2018 (USD PER BARREL)
  • FIGURE 21: LOW-VOLTAGE SEGMENT ACCOUNTED FOR A LARGER MARKET SHARE IN 2017
  • FIGURE 22: ASIA PACIFIC IS EXPECTED TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD
  • FIGURE 23: ASIA PACIFIC LED THE VFD MARKET IN 2017
  • FIGURE 24: ASIA PACIFIC: VFD MARKET SNAPSHOT
  • FIGURE 25: EUROPE: VFD MARKET SNAPSHOT
  • FIGURE 26: US DOMINATED THE NORTH AMERICAN VFD MARKET IN 2017
  • FIGURE 27: SOUTH AMERICAN VFD MARKET, BY COUNTRY, 2017
  • FIGURE 28: SAUDI ARABIA DOMINATED THE MIDDLE EASTERN VFD MARKET IN 2017
  • FIGURE 29: AFRICAN VFD MARKET, BY COUNTRY, 2017
  • FIGURE 30: KEY DEVELOPMENTS IN THE VFD MARKET, 2014-2018
  • FIGURE 31: ABB LED THE VFD MARKET IN 2017
  • FIGURE 32: ABB: COMPANY SNAPSHOT
  • FIGURE 33: SIEMENS: COMPANY SNAPSHOT
  • FIGURE 34: SCHNEIDER ELECTRIC: COMPANY SNAPSHOT
  • FIGURE 35: DANFOSS: COMPANY SNAPSHOT
  • FIGURE 36: ROCKWELL: COMPANY SNAPSHOT
  • FIGURE 37: CROMPTON GREAVES: COMPANY SNAPSHOT
  • FIGURE 38: EATON: COMPANY SNAPSHOT
  • FIGURE 39: FUJI: COMPANY SNAPSHOT
  • FIGURE 40: HITACHI: COMPANY SNAPSHOT
  • FIGURE 41: NIDEC: COMPANY SNAPSHOT
  • FIGURE 42: WEG SA: COMPANY SNAPSHOT
  • FIGURE 43: YASKAWA: COMPANY SNAPSHOT
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