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Global Marine VFD Market Research Report 2025
Synopsis
A Marine 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. The VFD also has the capacity to control ramp-up and ramp-down of the motor during start or stop, respectively.
The global Marine VFD market was valued at US$ 721.9 million in 2023 and is anticipated to reach US$ 958.9 million by 2030, witnessing a CAGR of 3.7% during the forecast period 2024-2030.
North American market for Marine VFD is estimated to increase from $ million in 2023 to reach $ million by 2030, at a CAGR of % during the forecast period of 2024 through 2030.
Asia-Pacific market for Marine VFD is estimated to increase from $ million in 2023 to reach $ million by 2030, at a CAGR of % during the forecast period of 2024 through 2030.
The major global manufacturers of Marine VFD include ABB, GE, Eaton, Rockwell, Siemens, WEG, Danfoss, CG Power and Industrial Solutions and Yaskawa, etc. In 2023, the world's top three vendors accounted for approximately % of the revenue.
This report aims to provide a comprehensive presentation of the global market for Marine 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 Marine VFD.
Report Scope
The Marine VFD market size, estimations, and forecasts are provided in terms of output/shipments (K Units) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Marine 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.
The report will help the Marine VFD manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
ABB
GE
Eaton
Rockwell
Siemens
WEG
Danfoss
CG Power and Industrial Solutions
Yaskawa
Mitsubishi
Parker Hannifin
Allen-Bradley
Segment by Type
AC Drive
DC Drive
Segment by Application
Pump
Fan
Compressor
Propulsion / Thruster
Crane & Hoist
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by 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 2: Detailed analysis of Marine VFD manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Marine 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 4: Consumption of Marine 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 5: 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 6: 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 7: 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 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: 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 10: The main points and conclusions of the report.
A Marine 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. The VFD also has the capacity to control ramp-up and ramp-down of the motor during start or stop, respectively.
The global Marine VFD market was valued at US$ 721.9 million in 2023 and is anticipated to reach US$ 958.9 million by 2030, witnessing a CAGR of 3.7% during the forecast period 2024-2030.
North American market for Marine VFD is estimated to increase from $ million in 2023 to reach $ million by 2030, at a CAGR of % during the forecast period of 2024 through 2030.
Asia-Pacific market for Marine VFD is estimated to increase from $ million in 2023 to reach $ million by 2030, at a CAGR of % during the forecast period of 2024 through 2030.
The major global manufacturers of Marine VFD include ABB, GE, Eaton, Rockwell, Siemens, WEG, Danfoss, CG Power and Industrial Solutions and Yaskawa, etc. In 2023, the world's top three vendors accounted for approximately % of the revenue.
This report aims to provide a comprehensive presentation of the global market for Marine 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 Marine VFD.
Report Scope
The Marine VFD market size, estimations, and forecasts are provided in terms of output/shipments (K Units) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Marine 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.
The report will help the Marine VFD manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
ABB
GE
Eaton
Rockwell
Siemens
WEG
Danfoss
CG Power and Industrial Solutions
Yaskawa
Mitsubishi
Parker Hannifin
Allen-Bradley
Segment by Type
AC Drive
DC Drive
Segment by Application
Pump
Fan
Compressor
Propulsion / Thruster
Crane & Hoist
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by 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 2: Detailed analysis of Marine VFD manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Marine 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 4: Consumption of Marine 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 5: 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 6: 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 7: 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 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: 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 10: The main points and conclusions of the report.
Index1 Marine VFD Market Overview
1.1 Product Definition
1.2 Marine VFD Segment by Type
1.2.1 Global Marine VFD Market Value Growth Rate Analysis by Type 2023 VS 2030
1.2.2 AC Drive
1.2.3 DC Drive
1.3 Marine VFD Segment by Application
1.3.1 Global Marine VFD Market Value Growth Rate Analysis by Application: 2023 VS 2030
1.3.2 Pump
1.3.3 Fan
1.3.4 Compressor
1.3.5 Propulsion / Thruster
1.3.6 Crane & Hoist
1.4 Global Market Growth Prospects
1.4.1 Global Marine VFD Production Value Estimates and Forecasts (2019-2030)
1.4.2 Global Marine VFD Production Capacity Estimates and Forecasts (2019-2030)
1.4.3 Global Marine VFD Production Estimates and Forecasts (2019-2030)
1.4.4 Global Marine VFD Market Average Price Estimates and Forecasts (2019-2030)
1.5 Assumptions and Limitations
2 Market Competition by Manufacturers
2.1 Global Marine VFD Production Market Share by Manufacturers (2019-2024)
2.2 Global Marine VFD Production Value Market Share by Manufacturers (2019-2024)
2.3 Global Key Players of Marine VFD, Industry Ranking, 2022 VS 2023 VS 2024
2.4 Global Marine VFD Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
2.5 Global Marine VFD Average Price by Manufacturers (2019-2024)
2.6 Global Key Manufacturers of Marine VFD, Manufacturing Base Distribution and Headquarters
2.7 Global Key Manufacturers of Marine VFD, Product Offered and Application
2.8 Global Key Manufacturers of Marine VFD, Date of Enter into This Industry
2.9 Marine VFD Market Competitive Situation and Trends
2.9.1 Marine VFD Market Concentration Rate
2.9.2 Global 5 and 10 Largest Marine VFD Players Market Share by Revenue
2.10 Mergers & Acquisitions, Expansion
3 Marine VFD Production by Region
3.1 Global Marine VFD Production Value Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.2 Global Marine VFD Production Value by Region (2019-2030)
3.2.1 Global Marine VFD Production Value Market Share by Region (2019-2024)
3.2.2 Global Forecasted Production Value of Marine VFD by Region (2025-2030)
3.3 Global Marine VFD Production Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.4 Global Marine VFD Production by Region (2019-2030)
3.4.1 Global Marine VFD Production Market Share by Region (2019-2024)
3.4.2 Global Forecasted Production of Marine VFD by Region (2025-2030)
3.5 Global Marine VFD Market Price Analysis by Region (2019-2024)
3.6 Global Marine VFD Production and Value, Year-over-Year Growth
3.6.1 North America Marine VFD Production Value Estimates and Forecasts (2019-2030)
3.6.2 Europe Marine VFD Production Value Estimates and Forecasts (2019-2030)
3.6.3 China Marine VFD Production Value Estimates and Forecasts (2019-2030)
3.6.4 Japan Marine VFD Production Value Estimates and Forecasts (2019-2030)
4 Marine VFD Consumption by Region
4.1 Global Marine VFD Consumption Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
4.2 Global Marine VFD Consumption by Region (2019-2030)
4.2.1 Global Marine VFD Consumption by Region (2019-2024)
4.2.2 Global Marine VFD Forecasted Consumption by Region (2025-2030)
4.3 North America
4.3.1 North America Marine VFD Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.3.2 North America Marine VFD Consumption by Country (2019-2030)
4.3.3 U.S.
4.3.4 Canada
4.4 Europe
4.4.1 Europe Marine VFD Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.4.2 Europe Marine VFD Consumption by Country (2019-2030)
4.4.3 Germany
4.4.4 France
4.4.5 U.K.
4.4.6 Italy
4.4.7 Russia
4.5 Asia Pacific
4.5.1 Asia Pacific Marine VFD Consumption Growth Rate by Region: 2019 VS 2023 VS 2030
4.5.2 Asia Pacific Marine VFD Consumption by Region (2019-2030)
4.5.3 China
4.5.4 Japan
4.5.5 South Korea
4.5.6 China Taiwan
4.5.7 Southeast Asia
4.5.8 India
4.6 Latin America, Middle East & Africa
4.6.1 Latin America, Middle East & Africa Marine VFD Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.6.2 Latin America, Middle East & Africa Marine VFD Consumption by Country (2019-2030)
4.6.3 Mexico
4.6.4 Brazil
4.6.5 Turkey
5 Segment by Type
5.1 Global Marine VFD Production by Type (2019-2030)
5.1.1 Global Marine VFD Production by Type (2019-2024)
5.1.2 Global Marine VFD Production by Type (2025-2030)
5.1.3 Global Marine VFD Production Market Share by Type (2019-2030)
5.2 Global Marine VFD Production Value by Type (2019-2030)
5.2.1 Global Marine VFD Production Value by Type (2019-2024)
5.2.2 Global Marine VFD Production Value by Type (2025-2030)
5.2.3 Global Marine VFD Production Value Market Share by Type (2019-2030)
5.3 Global Marine VFD Price by Type (2019-2030)
6 Segment by Application
6.1 Global Marine VFD Production by Application (2019-2030)
6.1.1 Global Marine VFD Production by Application (2019-2024)
6.1.2 Global Marine VFD Production by Application (2025-2030)
6.1.3 Global Marine VFD Production Market Share by Application (2019-2030)
6.2 Global Marine VFD Production Value by Application (2019-2030)
6.2.1 Global Marine VFD Production Value by Application (2019-2024)
6.2.2 Global Marine VFD Production Value by Application (2025-2030)
6.2.3 Global Marine VFD Production Value Market Share by Application (2019-2030)
6.3 Global Marine VFD Price by Application (2019-2030)
7 Key Companies Profiled
7.1 ABB
7.1.1 ABB Marine VFD Corporation Information
7.1.2 ABB Marine VFD Product Portfolio
7.1.3 ABB Marine VFD Production, Value, Price and Gross Margin (2019-2024)
7.1.4 ABB Main Business and Markets Served
7.1.5 ABB Recent Developments/Updates
7.2 GE
7.2.1 GE Marine VFD Corporation Information
7.2.2 GE Marine VFD Product Portfolio
7.2.3 GE Marine VFD Production, Value, Price and Gross Margin (2019-2024)
7.2.4 GE Main Business and Markets Served
7.2.5 GE Recent Developments/Updates
7.3 Eaton
7.3.1 Eaton Marine VFD Corporation Information
7.3.2 Eaton Marine VFD Product Portfolio
7.3.3 Eaton Marine VFD Production, Value, Price and Gross Margin (2019-2024)
7.3.4 Eaton Main Business and Markets Served
7.3.5 Eaton Recent Developments/Updates
7.4 Rockwell
7.4.1 Rockwell Marine VFD Corporation Information
7.4.2 Rockwell Marine VFD Product Portfolio
7.4.3 Rockwell Marine VFD Production, Value, Price and Gross Margin (2019-2024)
7.4.4 Rockwell Main Business and Markets Served
7.4.5 Rockwell Recent Developments/Updates
7.5 Siemens
7.5.1 Siemens Marine VFD Corporation Information
7.5.2 Siemens Marine VFD Product Portfolio
7.5.3 Siemens Marine VFD Production, Value, Price and Gross Margin (2019-2024)
7.5.4 Siemens Main Business and Markets Served
7.5.5 Siemens Recent Developments/Updates
7.6 WEG
7.6.1 WEG Marine VFD Corporation Information
7.6.2 WEG Marine VFD Product Portfolio
7.6.3 WEG Marine VFD Production, Value, Price and Gross Margin (2019-2024)
7.6.4 WEG Main Business and Markets Served
7.6.5 WEG Recent Developments/Updates
7.7 Danfoss
7.7.1 Danfoss Marine VFD Corporation Information
7.7.2 Danfoss Marine VFD Product Portfolio
7.7.3 Danfoss Marine VFD Production, Value, Price and Gross Margin (2019-2024)
7.7.4 Danfoss Main Business and Markets Served
7.7.5 Danfoss Recent Developments/Updates
7.8 CG Power and Industrial Solutions
7.8.1 CG Power and Industrial Solutions Marine VFD Corporation Information
7.8.2 CG Power and Industrial Solutions Marine VFD Product Portfolio
7.8.3 CG Power and Industrial Solutions Marine VFD Production, Value, Price and Gross Margin (2019-2024)
7.8.4 CG Power and Industrial Solutions Main Business and Markets Served
7.7.5 CG Power and Industrial Solutions Recent Developments/Updates
7.9 Yaskawa
7.9.1 Yaskawa Marine VFD Corporation Information
7.9.2 Yaskawa Marine VFD Product Portfolio
7.9.3 Yaskawa Marine VFD Production, Value, Price and Gross Margin (2019-2024)
7.9.4 Yaskawa Main Business and Markets Served
7.9.5 Yaskawa Recent Developments/Updates
7.10 Mitsubishi
7.10.1 Mitsubishi Marine VFD Corporation Information
7.10.2 Mitsubishi Marine VFD Product Portfolio
7.10.3 Mitsubishi Marine VFD Production, Value, Price and Gross Margin (2019-2024)
7.10.4 Mitsubishi Main Business and Markets Served
7.10.5 Mitsubishi Recent Developments/Updates
7.11 Parker Hannifin
7.11.1 Parker Hannifin Marine VFD Corporation Information
7.11.2 Parker Hannifin Marine VFD Product Portfolio
7.11.3 Parker Hannifin Marine VFD Production, Value, Price and Gross Margin (2019-2024)
7.11.4 Parker Hannifin Main Business and Markets Served
7.11.5 Parker Hannifin Recent Developments/Updates
7.12 Allen-Bradley
7.12.1 Allen-Bradley Marine VFD Corporation Information
7.12.2 Allen-Bradley Marine VFD Product Portfolio
7.12.3 Allen-Bradley Marine VFD Production, Value, Price and Gross Margin (2019-2024)
7.12.4 Allen-Bradley Main Business and Markets Served
7.12.5 Allen-Bradley Recent Developments/Updates
8 Industry Chain and Sales Channels Analysis
8.1 Marine VFD Industry Chain Analysis
8.2 Marine VFD Key Raw Materials
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.3 Marine VFD Production Mode & Process
8.4 Marine VFD Sales and Marketing
8.4.1 Marine VFD Sales Channels
8.4.2 Marine VFD Distributors
8.5 Marine VFD Customers
9 Marine VFD Market Dynamics
9.1 Marine VFD Industry Trends
9.2 Marine VFD Market Drivers
9.3 Marine VFD Market Challenges
9.4 Marine VFD Market Restraints
10 Research Finding and Conclusion
11 Methodology and Data Source
11.1 Methodology/Research Approach
11.1.1 Research Programs/Design
11.1.2 Market Size Estimation
11.1.3 Market Breakdown and Data Triangulation
11.2 Data Source
11.2.1 Secondary Sources
11.2.2 Primary Sources
11.3 Author List
11.4 Disclaimer
Published By : QY Research
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