Variable Frequency Drive Market, By Drive Type (AC Drive, DC Drive, Servo Drive), By Voltage Range (Low Voltage Range, Medium Voltage Range), By Application Type (Standard, Regenerative), By End-use Application (Pump, Fan, Compressor, Conveyor, HVAC, Othe

Variable Frequency Drive Market, By Drive Type (AC Drive, DC Drive, Servo Drive), By Voltage Range (Low Voltage Range, Medium Voltage Range), By Application Type (Standard, Regenerative), By End-use Application (Pump, Fan, Compressor, Conveyor, HVAC, Other Applications), By End-use Industry (Oil & Gas, Food Processing, Automotive, Mining & Metals, Pulp & Papers, Applications Others (Power generation, chemical processing, etc.)), By Region (North America, Latin America, Western Europe, Eastern Europe, Asia Pacific, Middle East and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2028

A variable frequency drive or Variable Voltage/ Variable Frequency drive, AC drives, inverter drives, AC waveform drives, digital drives, ribbon drives, spindle drives, plenum drives, line speed drives, power cable drives, and flash memory drives are some of the common computer drives that use this technology. A variable frequency drive varies the output frequency and / or voltage of an electric motor to provide better overall system performance at a given operating speed. A variable frequency drive is more power-efficient than other hard drives. The most common application of a variable frequency drive is to replace the primary (or center) source of an electric motor. When the engine does not run at full speed, the machine software uses the VFD to compensate for this, and the machine operates at the appropriate speed.
Market Dynamics
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. VFD is widely used in numerous industries as it allows pumping in a smooth regime, which reduces energy consumption as compared to multi-regime pumping. Furthermore, these types of drives can enhance the reliability of the equipment. In fact, VFD has the capacity to control ramp-up and ramp-down of the motor during the start or stop.
Furthermore supportive environmental policies are expected to the accelerate growth of the global variable frequency drive (VFD) market in the near future.
Key features of the study:
This report provides in-depth analysis of the variable frequency drive (VFD) market, and provides market size (US$ Million) and compound annual growth rate (CAGR%) for the forecast period (2022-2028), considering 2021 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 (VFD) 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 (VFD) 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 (VFD) market
Detailed Segmentation:
Global Variable Frequency Drive (VFD) Market, By Drive Type:
AC Drive
DC Drive
Servo Drive
Global Variable Frequency Drive (VFD) Market, By Voltage Range:
Low Voltage Range
Medium Voltage Range
Global Variable Frequency Drive (VFD) Market, By Application Type:
Standard
Regenerative
Global Variable Frequency Drive (VFD) Market, By End-use Application:
Pump
Fan
Compressor
Conveyor
HVAC
Other Applications
Global Variable Frequency Drive (VFD) Market, By End-use Industry:
Oil & Gas
Food Processing
Automotive
Mining & Metals
Pulp & Papers
Others (Power generation, chemical processing, etc.)
Global Variable Frequency Drive (VFD) Market, By Region:
North America
Europe
Asia Pacific
Latin America
Middle East and Africa
Company Profiles
Fuji Electric Co., Ltd*
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments
Future Plans
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.
*Browse all the market data tables and figures on “Global Variable Frequency Drive (VFD) Market- Forecast to 2028”