A variable frequency drive (VFD) is a type of motor controller that drives an electric motor by varying the frequency and voltage of its power supply. Increasing demand from diverse end-use industries including cement, petrochemical, chemical, mining, oil & gas, and pulp & paper is expected to boost the global variable frequency drive (VFD) market growth over the forecast period.
Market Dynamics:
Variable Frequency Drive provides potential cost saving in terms of reduce energy consumption improved process control and extended equipment lifespan by optimizing motor speed and power consumption based on actual demand moreover variable frequency drive provides precious control over motor speed and torque which enhances process control over motor speed and torque, which reduces downtime and minimizes motor cost. Such a factors are driving the growth of global variable frequency drive market over the forecast period.
Key features of the study:
- This report provides in-depth analysis of the global variable frequency (VFD) drive market, and provides market size (US$ Billion) and compound annual growth rate (CAGR%) for the forecast period (2023–2030), considering 2022 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global variable frequency drive market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
- Key companies covered as a part of this study include Fuji Electric Co., Ltd, Schneider Electric, Mitsubishi Electric Corporation, Toshiba International Corporation, Siemens AG, Emerson Industrial Automation, ABB Ltd., Johnson Controls Inc., American Electric Technologies Inc. (AETI), Rockwell Automation Inc., Danfoss India, General Electric Company, Honeywell International Inc., and Hitachi Limited.
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
- The global variable frequency drive market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global variable frequency drive market
Detailed Segmentation:
- Global Variable Frequency Drive Market, By Drive Type
- AC Drive
- DC Drive
- Servo Drive
- Global Variable Frequency Drive Market, By Voltage Range
- Low Voltage Range
- Medium Voltage Range
- Global Variable Frequency Drive Market, By Application Type
- Global Variable Frequency Drive Market, By End-use Application
- Pump
- Fan
- Compressor
- Conveyor
- HVAC
- Other Applications
- Global Variable Frequency Drive Market, By End-use Industry
- Oil & Gas
- Food Processing
- Automotive
- Mining & Metals
- Pulp & Papers
- Others (Power generation, chemical processing, and others)
- Global Variable Frequency Drive Market, By Geography
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
- Company Profiles:
- Fuji Electric Co., Ltd
- Schneider Electric
- Mitsubishi Electric Corporation
- Toshiba International Corporation
- Siemens AG
- Emerson Industrial Automation
- ABB Ltd.
- Johnson Controls Inc.
- American Electric Technologies Inc. (AETI)
- Rockwell Automation Inc.
- Danfoss India
- General Electric Company
- Honeywell International Inc.
- Hitachi Limited.
