Global Variable Frequency Drive Market Growth 2023-2029

Global Variable Frequency Drive Market Growth 2023-2029

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.

LPI (LP Information)' newest research report, the “Variable Frequency Drive Industry Forecast” looks at past sales and reviews total world Variable Frequency Drive sales in 2022, providing a comprehensive analysis by region and market sector of projected Variable Frequency Drive sales for 2023 through 2029. With Variable Frequency Drive sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Variable Frequency Drive industry.

This Insight Report provides a comprehensive analysis of the global Variable Frequency Drive landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Variable Frequency Drive portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Variable Frequency Drive market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Variable Frequency Drive and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Variable Frequency Drive.

The global Variable Frequency Drive market size is projected to grow from US$ 14640 million in 2022 to US$ 18020 million in 2029; it is expected to grow at a CAGR of 18020 from 2023 to 2029.

The major players in global Variable frequency Drive (VFD) market include ABB, SIEMENS, Schneider, etc. The top 3 players occupy over 35% shares of the global market. Middle and Low Voltage Frequency Converter is the main type, with a share about 70%. Electric Power is the main application, which holds a share about 30%.

This report presents a comprehensive overview, market shares, and growth opportunities of Variable Frequency Drive market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
AC Drives
DC Drives
Servo Drives

Segmentation by application
Oil & Gas
Industrial
Infrastructure
Power Generation
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
ABB
Siemens
Schneider Electric
Danfoss
Rockwell Automation
Crompton Greaves
Eaton
Fuji Electric
Hitachi
Nidec
Tmeic
Weg
Yaskawa

Key Questions Addressed in this Report

What is the 10-year outlook for the global Variable Frequency Drive market?

What factors are driving Variable Frequency Drive market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Variable Frequency Drive market opportunities vary by end market size?

How does Variable Frequency Drive break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.