Variable Frequency Drive (VFD) Industry Research Report 2025

Summary

Variable frequency Drive (VFD) is an electric power control device which controls AC motor by changing the working power frequency of the motor by using frequency conversion technology and microelectronic technology. The frequency converter is mainly composed of rectifier (AC to DC), filter, inverter (DC to AC), brake unit, drive unit, detection unit, micro-processing unit, etc.

According to APO Research, The global Variable Frequency Drive (VFD) market was valued at US$ million in 2024 and is anticipated to reach US$ million by 2031, witnessing a CAGR of xx% during the forecast period 2025-2031.

North American market for Variable Frequency Drive (VFD) is estimated to increase from $ million in 2025 to reach $ million by 2031, at a CAGR of % during the forecast period of 2026 through 2031.

Asia-Pacific market for Variable Frequency Drive (VFD) is estimated to increase from $ million in 2025 to reach $ million by 2031, at a CAGR of % during the forecast period of 2025 through 2031.

Europe market for Variable Frequency Drive (VFD) is estimated to increase from $ million in 2025 to reach $ million by 2031, at a CAGR of % during the forecast period of 2025 through 2031.

The major global manufacturers of Variable Frequency Drive (VFD) include , etc. In 2024, the world's top three vendors accounted for approximately % of the revenue.

Report Scope

This report aims to provide a comprehensive presentation of the global market for Variable Frequency Drive (VFD), with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Variable Frequency Drive (VFD).

The report will help the Variable Frequency Drive (VFD) manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, sales volume, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.

The Variable Frequency Drive (VFD) market size, estimations, and forecasts are provided in terms of sales volume (K Units) and revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. This report segments the global Variable Frequency Drive (VFD) market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided. For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.

Key Companies & Market Share Insights

In this section, the readers will gain an understanding of the key players competing. This report has studied the key growth strategies, such as innovative trends and developments, intensification of product portfolio, mergers and acquisitions, collaborations, new product innovation, and geographical expansion, undertaken by these participants to maintain their presence. Apart from business strategies, the study includes current developments and key financials. The readers will also get access to the data related to global revenue, price, and sales by manufacturers for the period 2020-2025. This all-inclusive report will certainly serve the clients to stay updated and make effective decisions in their businesses.

Variable Frequency Drive (VFD) Segment by Company

ABB
SIEMENS
Schneider
Danfoss
Rockwell
YASKAWA
MITSUBISHI ELECTRIC
Fuji Electric
Inovance Technology
Delta
GE Power Conversion
INVT
Hiconics Eco-energy Technology
VEICHI
HopeSenlan Science and Technology
EURA DRIVES
POWTRAN
Sichuan Jialing Electrical
Xinfengguang Electronics
SINEE
Variable Frequency Drive (VFD) Segment by Type

MV and LV Frequency Converter
High Voltage Frequency Converter
Variable Frequency Drive (VFD) Segment by Application

Electric Power
Mining
Metallurgical
Petrochemical
Building Materials
Others
Variable Frequency Drive (VFD) Segment by Region

North America
United States
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Spain
Netherlands
Switzerland
Sweden
Poland
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Southeast Asia
South America
Brazil
Argentina
Chile
Middle East & Africa
Egypt
South Africa
Israel
Türkiye
GCC Countries

Key Drivers & Barriers

High-impact rendering factors and drivers have been studied in this report to aid the readers to understand the general development. Moreover, the report includes restraints and challenges that may act as stumbling blocks on the way of the players. This will assist the users to be attentive and make informed decisions related to business. Specialists have also laid their focus on the upcoming business prospects.

Reasons to Buy This Report

1. This report will help the readers to understand the competition within the industries and strategies for the competitive environment to enhance the potential profit. The report also focuses on the competitive landscape of the global Variable Frequency Drive (VFD) market, and introduces in detail the market share, industry ranking, competitor ecosystem, market performance, new product development, operation situation, expansion, and acquisition. etc. of the main players, which helps the readers to identify the main competitors and deeply understand the competition pattern of the market.
2. This report will help stakeholders to understand the global industry status and trends of Variable Frequency Drive (VFD) and provides them with information on key market drivers, restraints, challenges, and opportunities.
3. This report will help stakeholders to understand competitors better and gain more insights to strengthen their position in their businesses. The competitive landscape section includes the market share and rank (in volume and value), competitor ecosystem, new product development, expansion, and acquisition.
4. This report stays updated with novel technology integration, features, and the latest developments in the market
5. This report helps stakeholders to gain insights into which regions to target globally
6. This report helps stakeholders to gain insights into the end-user perception concerning the adoption of Variable Frequency Drive (VFD).
7. This report helps stakeholders to identify some of the key players in the market and understand their valuable contribution.

Chapter Outline

Chapter 1: Research objectives, research methods, data sources, data cross-validation;
Chapter 2: Introduces the report scope of the report, executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 3: Detailed analysis of Variable Frequency Drive (VFD) manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 5: Production/output, value of Variable Frequency Drive (VFD) by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 6: Consumption of Variable Frequency Drive (VFD) in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 7: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 8: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 9: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 10: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 11: The main points and conclusions of the report.

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1 Preface
1.1 Scope of Report
1.2 Reasons for Doing This Study
1.3 Research Methodology
1.4 Research Process
1.5 Data Source
1.5.1 Secondary Sources
1.5.2 Primary Sources
2 Market Overview
2.1 Product Definition
2.2 Variable Frequency Drive (VFD) by Type
2.2.1 Market Value Comparison by Type (2020 VS 2024 VS 2031) & (US$ Million)
2.2.2 MV and LV Frequency Converter
2.2.3 High Voltage Frequency Converter
2.3 Variable Frequency Drive (VFD) by Application
2.3.1 Market Value Comparison by Application (2020 VS 2024 VS 2031) & (US$ Million)
2.3.2 Electric Power
2.3.3 Mining
2.3.4 Metallurgical
2.3.5 Petrochemical
2.3.6 Building Materials
2.3.7 Others
2.4 Global Market Growth Prospects
2.4.1 Global Variable Frequency Drive (VFD) Production Value Estimates and Forecasts (2020-2031)
2.4.2 Global Variable Frequency Drive (VFD) Production Capacity Estimates and Forecasts (2020-2031)
2.4.3 Global Variable Frequency Drive (VFD) Production Estimates and Forecasts (2020-2031)
2.4.4 Global Variable Frequency Drive (VFD) Market Average Price (2020-2031)
3 Market Competitive Landscape by Manufacturers
3.1 Global Variable Frequency Drive (VFD) Production by Manufacturers (2020-2025)
3.2 Global Variable Frequency Drive (VFD) Production Value by Manufacturers (2020-2025)
3.3 Global Variable Frequency Drive (VFD) Average Price by Manufacturers (2020-2025)
3.4 Global Variable Frequency Drive (VFD) Industry Manufacturers Ranking, 2023 VS 2024 VS 2025
3.5 Global Variable Frequency Drive (VFD) Key Manufacturers, Manufacturing Sites & Headquarters
3.6 Global Variable Frequency Drive (VFD) Manufacturers, Product Type & Application
3.7 Global Variable Frequency Drive (VFD) Manufacturers Established Date
3.8 Global Variable Frequency Drive (VFD) Market CR5 and HHI
3.9 Global Manufacturers Mergers & Acquisition
4 Manufacturers Profiled
4.1 ABB
4.1.1 ABB Variable Frequency Drive (VFD) Company Information
4.1.2 ABB Variable Frequency Drive (VFD) Business Overview
4.1.3 ABB Variable Frequency Drive (VFD) Production, Value and Gross Margin (2020-2025)
4.1.4 ABB Product Portfolio
4.1.5 ABB Recent Developments
4.2 SIEMENS
4.2.1 SIEMENS Variable Frequency Drive (VFD) Company Information
4.2.2 SIEMENS Variable Frequency Drive (VFD) Business Overview
4.2.3 SIEMENS Variable Frequency Drive (VFD) Production, Value and Gross Margin (2020-2025)
4.2.4 SIEMENS Product Portfolio
4.2.5 SIEMENS Recent Developments
4.3 Schneider
4.3.1 Schneider Variable Frequency Drive (VFD) Company Information
4.3.2 Schneider Variable Frequency Drive (VFD) Business Overview
4.3.3 Schneider Variable Frequency Drive (VFD) Production, Value and Gross Margin (2020-2025)
4.3.4 Schneider Product Portfolio
4.3.5 Schneider Recent Developments
4.4 Danfoss
4.4.1 Danfoss Variable Frequency Drive (VFD) Company Information
4.4.2 Danfoss Variable Frequency Drive (VFD) Business Overview
4.4.3 Danfoss Variable Frequency Drive (VFD) Production, Value and Gross Margin (2020-2025)
4.4.4 Danfoss Product Portfolio
4.4.5 Danfoss Recent Developments
4.5 Rockwell
4.5.1 Rockwell Variable Frequency Drive (VFD) Company Information
4.5.2 Rockwell Variable Frequency Drive (VFD) Business Overview
4.5.3 Rockwell Variable Frequency Drive (VFD) Production, Value and Gross Margin (2020-2025)
4.5.4 Rockwell Product Portfolio
4.5.5 Rockwell Recent Developments
4.6 YASKAWA
4.6.1 YASKAWA Variable Frequency Drive (VFD) Company Information
4.6.2 YASKAWA Variable Frequency Drive (VFD) Business Overview
4.6.3 YASKAWA Variable Frequency Drive (VFD) Production, Value and Gross Margin (2020-2025)
4.6.4 YASKAWA Product Portfolio
4.6.5 YASKAWA Recent Developments
4.7 MITSUBISHI ELECTRIC
4.7.1 MITSUBISHI ELECTRIC Variable Frequency Drive (VFD) Company Information
4.7.2 MITSUBISHI ELECTRIC Variable Frequency Drive (VFD) Business Overview
4.7.3 MITSUBISHI ELECTRIC Variable Frequency Drive (VFD) Production, Value and Gross Margin (2020-2025)
4.7.4 MITSUBISHI ELECTRIC Product Portfolio
4.7.5 MITSUBISHI ELECTRIC Recent Developments
4.8 Fuji Electric
4.8.1 Fuji Electric Variable Frequency Drive (VFD) Company Information
4.8.2 Fuji Electric Variable Frequency Drive (VFD) Business Overview
4.8.3 Fuji Electric Variable Frequency Drive (VFD) Production, Value and Gross Margin (2020-2025)
4.8.4 Fuji Electric Product Portfolio
4.8.5 Fuji Electric Recent Developments
4.9 Inovance Technology
4.9.1 Inovance Technology Variable Frequency Drive (VFD) Company Information
4.9.2 Inovance Technology Variable Frequency Drive (VFD) Business Overview
4.9.3 Inovance Technology Variable Frequency Drive (VFD) Production, Value and Gross Margin (2020-2025)
4.9.4 Inovance Technology Product Portfolio
4.9.5 Inovance Technology Recent Developments
4.10 Delta
4.10.1 Delta Variable Frequency Drive (VFD) Company Information
4.10.2 Delta Variable Frequency Drive (VFD) Business Overview
4.10.3 Delta Variable Frequency Drive (VFD) Production, Value and Gross Margin (2020-2025)
4.10.4 Delta Product Portfolio
4.10.5 Delta Recent Developments
4.11 GE Power Conversion
4.11.1 GE Power Conversion Variable Frequency Drive (VFD) Company Information
4.11.2 GE Power Conversion Variable Frequency Drive (VFD) Business Overview
4.11.3 GE Power Conversion Variable Frequency Drive (VFD) Production, Value and Gross Margin (2020-2025)
4.11.4 GE Power Conversion Product Portfolio
4.11.5 GE Power Conversion Recent Developments
4.12 INVT
4.12.1 INVT Variable Frequency Drive (VFD) Company Information
4.12.2 INVT Variable Frequency Drive (VFD) Business Overview
4.12.3 INVT Variable Frequency Drive (VFD) Production, Value and Gross Margin (2020-2025)
4.12.4 INVT Product Portfolio
4.12.5 INVT Recent Developments
4.13 Hiconics Eco-energy Technology
4.13.1 Hiconics Eco-energy Technology Variable Frequency Drive (VFD) Company Information
4.13.2 Hiconics Eco-energy Technology Variable Frequency Drive (VFD) Business Overview
4.13.3 Hiconics Eco-energy Technology Variable Frequency Drive (VFD) Production, Value and Gross Margin (2020-2025)
4.13.4 Hiconics Eco-energy Technology Product Portfolio
4.13.5 Hiconics Eco-energy Technology Recent Developments
4.14 VEICHI
4.14.1 VEICHI Variable Frequency Drive (VFD) Company Information
4.14.2 VEICHI Variable Frequency Drive (VFD) Business Overview
4.14.3 VEICHI Variable Frequency Drive (VFD) Production, Value and Gross Margin (2020-2025)
4.14.4 VEICHI Product Portfolio
4.14.5 VEICHI Recent Developments
4.15 HopeSenlan Science and Technology
4.15.1 HopeSenlan Science and Technology Variable Frequency Drive (VFD) Company Information
4.15.2 HopeSenlan Science and Technology Variable Frequency Drive (VFD) Business Overview
4.15.3 HopeSenlan Science and Technology Variable Frequency Drive (VFD) Production, Value and Gross Margin (2020-2025)
4.15.4 HopeSenlan Science and Technology Product Portfolio
4.15.5 HopeSenlan Science and Technology Recent Developments
4.16 EURA DRIVES
4.16.1 EURA DRIVES Variable Frequency Drive (VFD) Company Information
4.16.2 EURA DRIVES Variable Frequency Drive (VFD) Business Overview
4.16.3 EURA DRIVES Variable Frequency Drive (VFD) Production, Value and Gross Margin (2020-2025)
4.16.4 EURA DRIVES Product Portfolio
4.16.5 EURA DRIVES Recent Developments
4.17 POWTRAN
4.17.1 POWTRAN Variable Frequency Drive (VFD) Company Information
4.17.2 POWTRAN Variable Frequency Drive (VFD) Business Overview
4.17.3 POWTRAN Variable Frequency Drive (VFD) Production, Value and Gross Margin (2020-2025)
4.17.4 POWTRAN Product Portfolio
4.17.5 POWTRAN Recent Developments
4.18 Sichuan Jialing Electrical
4.18.1 Sichuan Jialing Electrical Variable Frequency Drive (VFD) Company Information
4.18.2 Sichuan Jialing Electrical Variable Frequency Drive (VFD) Business Overview
4.18.3 Sichuan Jialing Electrical Variable Frequency Drive (VFD) Production, Value and Gross Margin (2020-2025)
4.18.4 Sichuan Jialing Electrical Product Portfolio
4.18.5 Sichuan Jialing Electrical Recent Developments
4.19 Xinfengguang Electronics
4.19.1 Xinfengguang Electronics Variable Frequency Drive (VFD) Company Information
4.19.2 Xinfengguang Electronics Variable Frequency Drive (VFD) Business Overview
4.19.3 Xinfengguang Electronics Variable Frequency Drive (VFD) Production, Value and Gross Margin (2020-2025)
4.19.4 Xinfengguang Electronics Product Portfolio
4.19.5 Xinfengguang Electronics Recent Developments
4.20 SINEE
4.20.1 SINEE Variable Frequency Drive (VFD) Company Information
4.20.2 SINEE Variable Frequency Drive (VFD) Business Overview
4.20.3 SINEE Variable Frequency Drive (VFD) Production, Value and Gross Margin (2020-2025)
4.20.4 SINEE Product Portfolio
4.20.5 SINEE Recent Developments
5 Global Variable Frequency Drive (VFD) Production by Region
5.1 Global Variable Frequency Drive (VFD) Production Estimates and Forecasts by Region: 2020 VS 2024 VS 2031
5.2 Global Variable Frequency Drive (VFD) Production by Region: 2020-2031
5.2.1 Global Variable Frequency Drive (VFD) Production by Region: 2020-2025
5.2.2 Global Variable Frequency Drive (VFD) Production Forecast by Region (2026-2031)
5.3 Global Variable Frequency Drive (VFD) Production Value Estimates and Forecasts by Region: 2020 VS 2024 VS 2031
5.4 Global Variable Frequency Drive (VFD) Production Value by Region: 2020-2031
5.4.1 Global Variable Frequency Drive (VFD) Production Value by Region: 2020-2025
5.4.2 Global Variable Frequency Drive (VFD) Production Value Forecast by Region (2026-2031)
5.5 Global Variable Frequency Drive (VFD) Market Price Analysis by Region (2020-2025)
5.6 Global Variable Frequency Drive (VFD) Production and Value, YOY Growth
5.6.1 North America Variable Frequency Drive (VFD) Production Value Estimates and Forecasts (2020-2031)
5.6.2 Europe Variable Frequency Drive (VFD) Production Value Estimates and Forecasts (2020-2031)
5.6.3 China Variable Frequency Drive (VFD) Production Value Estimates and Forecasts (2020-2031)
5.6.4 Japan Variable Frequency Drive (VFD) Production Value Estimates and Forecasts (2020-2031)
6 Global Variable Frequency Drive (VFD) Consumption by Region
6.1 Global Variable Frequency Drive (VFD) Consumption Estimates and Forecasts by Region: 2020 VS 2024 VS 2031
6.2 Global Variable Frequency Drive (VFD) Consumption by Region (2020-2031)
6.2.1 Global Variable Frequency Drive (VFD) Consumption by Region: 2020-2025
6.2.2 Global Variable Frequency Drive (VFD) Forecasted Consumption by Region (2026-2031)
6.3 North America
6.3.1 North America Variable Frequency Drive (VFD) Consumption Growth Rate by Country: 2020 VS 2024 VS 2031
6.3.2 North America Variable Frequency Drive (VFD) Consumption by Country (2020-2031)
6.3.3 United States
6.3.4 Canada
6.3.5 Mexico
6.4 Europe
6.4.1 Europe Variable Frequency Drive (VFD) Consumption Growth Rate by Country: 2020 VS 2024 VS 2031
6.4.2 Europe Variable Frequency Drive (VFD) Consumption by Country (2020-2031)
6.4.3 Germany
6.4.4 France
6.4.5 U.K.
6.4.6 Italy
6.4.7 Russia
6.4.8 Spain
6.4.9 Netherlands
6.4.10 Switzerland
6.4.11 Sweden
6.4.12 Poland
6.5 Asia Pacific
6.5.1 Asia Pacific Variable Frequency Drive (VFD) Consumption Growth Rate by Country: 2020 VS 2024 VS 2031
6.5.2 Asia Pacific Variable Frequency Drive (VFD) Consumption by Country (2020-2031)
6.5.3 China
6.5.4 Japan
6.5.5 South Korea
6.5.6 India
6.5.7 Australia
6.5.8 Taiwan
6.5.9 Southeast Asia
6.6 South America, Middle East & Africa
6.6.1 South America, Middle East & Africa Variable Frequency Drive (VFD) Consumption Growth Rate by Country: 2020 VS 2024 VS 2031
6.6.2 South America, Middle East & Africa Variable Frequency Drive (VFD) Consumption by Country (2020-2031)
6.6.3 Brazil
6.6.4 Argentina
6.6.5 Chile
6.6.6 Turkey
6.6.7 GCC Countries
7 Segment by Type
7.1 Global Variable Frequency Drive (VFD) Production by Type (2020-2031)
7.1.1 Global Variable Frequency Drive (VFD) Production by Type (2020-2031) & (K Units)
7.1.2 Global Variable Frequency Drive (VFD) Production Market Share by Type (2020-2031)
7.2 Global Variable Frequency Drive (VFD) Production Value by Type (2020-2031)
7.2.1 Global Variable Frequency Drive (VFD) Production Value by Type (2020-2031) & (US$ Million)
7.2.2 Global Variable Frequency Drive (VFD) Production Value Market Share by Type (2020-2031)
7.3 Global Variable Frequency Drive (VFD) Price by Type (2020-2031)
8 Segment by Application
8.1 Global Variable Frequency Drive (VFD) Production by Application (2020-2031)
8.1.1 Global Variable Frequency Drive (VFD) Production by Application (2020-2031) & (K Units)
8.1.2 Global Variable Frequency Drive (VFD) Production Market Share by Application (2020-2031)
8.2 Global Variable Frequency Drive (VFD) Production Value by Application (2020-2031)
8.2.1 Global Variable Frequency Drive (VFD) Production Value by Application (2020-2031) & (US$ Million)
8.2.2 Global Variable Frequency Drive (VFD) Production Value Market Share by Application (2020-2031)
8.3 Global Variable Frequency Drive (VFD) Price by Application (2020-2031)
9 Value Chain and Sales Channels Analysis of the Market
9.1 Variable Frequency Drive (VFD) Value Chain Analysis
9.1.1 Variable Frequency Drive (VFD) Key Raw Materials
9.1.2 Raw Materials Key Suppliers
9.1.3 Variable Frequency Drive (VFD) Production Mode & Process
9.2 Variable Frequency Drive (VFD) Sales Channels Analysis
9.2.1 Direct Comparison with Distribution Share
9.2.2 Variable Frequency Drive (VFD) Distributors
9.2.3 Variable Frequency Drive (VFD) Customers
10 Global Variable Frequency Drive (VFD) Analyzing Market Dynamics
10.1 Variable Frequency Drive (VFD) Industry Trends
10.2 Variable Frequency Drive (VFD) Industry Drivers
10.3 Variable Frequency Drive (VFD) Industry Opportunities and Challenges
10.4 Variable Frequency Drive (VFD) Industry Restraints
11 Report Conclusion
12 Disclaimer

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