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Global Variable Frequency Drives (VFD) Market Research Report 2025
Synopsis
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.
The global Variable Frequency Drives (VFD) market was valued at US$ 14970 million in 2023 and is anticipated to reach US$ 18360 million by 2030, witnessing a CAGR of 2.9% during the forecast period 2024-2030.
Variable frequency drive comes with numerous benefits; such as dynamic torque control, adjustable speed and energy-saving. These factors are crucial for power generation, auto motive as well as oil and gas industry. These elements are expected to impact the market in positive manner. Due to ever increasing penetration of connected devices across the various sectors including residential sectors, commercial and industrial sectors, demand for variable frequency drive (VFD) is consistently growing. Furthermore, another considerable factor for market is growth in investment percentage for infrastructure development. Since investments are pouring in, demand for HVAC systems is as high as never before. HVAC systems are used to energy efficiency of buildings, due to which expected power savings are achieved. Hence, these demands for the systems are also to drive the market further. Throughout world industrialization is making its way faster than ever before. Specially, in developing countries rapid industrialization is underway which ultimately results in growth of industrial and manufacturing sectors, which further are propelling the demand for variable frequency drive.
This report aims to provide a comprehensive presentation of the global market for Variable Frequency Drives (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 Drives (VFD).
Report Scope
The Variable Frequency Drives (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 Variable Frequency Drives (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 Variable Frequency Drives (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
Siemens AG
Schneider Electric Co.
Emerson Electric Co.
Yaskawa Electric
Mitsubishi Electric Corporation
Hitachi Ltd.
Danfoss
Toshiba International Corporation
Fuji Electric
Rockwell Automation
Segment by Type
Low Voltage (0-690V)
Medium Voltage (690V-3000V)
High Voltage (3 kV-10 kV)
Segment by Application
Pumps
Fans
Compressors
Conveyors
Elevators
Extruders
Others
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 Variable Frequency Drives (VFD) manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Variable Frequency Drives (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 Variable Frequency Drives (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.
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.
The global Variable Frequency Drives (VFD) market was valued at US$ 14970 million in 2023 and is anticipated to reach US$ 18360 million by 2030, witnessing a CAGR of 2.9% during the forecast period 2024-2030.
Variable frequency drive comes with numerous benefits; such as dynamic torque control, adjustable speed and energy-saving. These factors are crucial for power generation, auto motive as well as oil and gas industry. These elements are expected to impact the market in positive manner. Due to ever increasing penetration of connected devices across the various sectors including residential sectors, commercial and industrial sectors, demand for variable frequency drive (VFD) is consistently growing. Furthermore, another considerable factor for market is growth in investment percentage for infrastructure development. Since investments are pouring in, demand for HVAC systems is as high as never before. HVAC systems are used to energy efficiency of buildings, due to which expected power savings are achieved. Hence, these demands for the systems are also to drive the market further. Throughout world industrialization is making its way faster than ever before. Specially, in developing countries rapid industrialization is underway which ultimately results in growth of industrial and manufacturing sectors, which further are propelling the demand for variable frequency drive.
This report aims to provide a comprehensive presentation of the global market for Variable Frequency Drives (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 Drives (VFD).
Report Scope
The Variable Frequency Drives (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 Variable Frequency Drives (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 Variable Frequency Drives (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
Siemens AG
Schneider Electric Co.
Emerson Electric Co.
Yaskawa Electric
Mitsubishi Electric Corporation
Hitachi Ltd.
Danfoss
Toshiba International Corporation
Fuji Electric
Rockwell Automation
Segment by Type
Low Voltage (0-690V)
Medium Voltage (690V-3000V)
High Voltage (3 kV-10 kV)
Segment by Application
Pumps
Fans
Compressors
Conveyors
Elevators
Extruders
Others
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 Variable Frequency Drives (VFD) manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Variable Frequency Drives (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 Variable Frequency Drives (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 Variable Frequency Drives (VFD) Market Overview
1.1 Product Definition
1.2 Variable Frequency Drives (VFD) Segment by Type
1.2.1 Global Variable Frequency Drives (VFD) Market Value Growth Rate Analysis by Type 2023 VS 2030
1.2.2 Low Voltage (0-690V)
1.2.3 Medium Voltage (690V-3000V)
1.2.4 High Voltage (3 kV-10 kV)
1.3 Variable Frequency Drives (VFD) Segment by Application
1.3.1 Global Variable Frequency Drives (VFD) Market Value Growth Rate Analysis by Application: 2023 VS 2030
1.3.2 Pumps
1.3.3 Fans
1.3.4 Compressors
1.3.5 Conveyors
1.3.6 Elevators
1.3.7 Extruders
1.3.8 Others
1.4 Global Market Growth Prospects
1.4.1 Global Variable Frequency Drives (VFD) Production Value Estimates and Forecasts (2019-2030)
1.4.2 Global Variable Frequency Drives (VFD) Production Capacity Estimates and Forecasts (2019-2030)
1.4.3 Global Variable Frequency Drives (VFD) Production Estimates and Forecasts (2019-2030)
1.4.4 Global Variable Frequency Drives (VFD) Market Average Price Estimates and Forecasts (2019-2030)
1.5 Assumptions and Limitations
2 Market Competition by Manufacturers
2.1 Global Variable Frequency Drives (VFD) Production Market Share by Manufacturers (2019-2024)
2.2 Global Variable Frequency Drives (VFD) Production Value Market Share by Manufacturers (2019-2024)
2.3 Global Key Players of Variable Frequency Drives (VFD), Industry Ranking, 2022 VS 2023 VS 2024
2.4 Global Variable Frequency Drives (VFD) Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
2.5 Global Variable Frequency Drives (VFD) Average Price by Manufacturers (2019-2024)
2.6 Global Key Manufacturers of Variable Frequency Drives (VFD), Manufacturing Base Distribution and Headquarters
2.7 Global Key Manufacturers of Variable Frequency Drives (VFD), Product Offered and Application
2.8 Global Key Manufacturers of Variable Frequency Drives (VFD), Date of Enter into This Industry
2.9 Variable Frequency Drives (VFD) Market Competitive Situation and Trends
2.9.1 Variable Frequency Drives (VFD) Market Concentration Rate
2.9.2 Global 5 and 10 Largest Variable Frequency Drives (VFD) Players Market Share by Revenue
2.10 Mergers & Acquisitions, Expansion
3 Variable Frequency Drives (VFD) Production by Region
3.1 Global Variable Frequency Drives (VFD) Production Value Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.2 Global Variable Frequency Drives (VFD) Production Value by Region (2019-2030)
3.2.1 Global Variable Frequency Drives (VFD) Production Value Market Share by Region (2019-2024)
3.2.2 Global Forecasted Production Value of Variable Frequency Drives (VFD) by Region (2025-2030)
3.3 Global Variable Frequency Drives (VFD) Production Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.4 Global Variable Frequency Drives (VFD) Production by Region (2019-2030)
3.4.1 Global Variable Frequency Drives (VFD) Production Market Share by Region (2019-2024)
3.4.2 Global Forecasted Production of Variable Frequency Drives (VFD) by Region (2025-2030)
3.5 Global Variable Frequency Drives (VFD) Market Price Analysis by Region (2019-2024)
3.6 Global Variable Frequency Drives (VFD) Production and Value, Year-over-Year Growth
3.6.1 North America Variable Frequency Drives (VFD) Production Value Estimates and Forecasts (2019-2030)
3.6.2 Europe Variable Frequency Drives (VFD) Production Value Estimates and Forecasts (2019-2030)
3.6.3 China Variable Frequency Drives (VFD) Production Value Estimates and Forecasts (2019-2030)
3.6.4 Japan Variable Frequency Drives (VFD) Production Value Estimates and Forecasts (2019-2030)
4 Variable Frequency Drives (VFD) Consumption by Region
4.1 Global Variable Frequency Drives (VFD) Consumption Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
4.2 Global Variable Frequency Drives (VFD) Consumption by Region (2019-2030)
4.2.1 Global Variable Frequency Drives (VFD) Consumption by Region (2019-2024)
4.2.2 Global Variable Frequency Drives (VFD) Forecasted Consumption by Region (2025-2030)
4.3 North America
4.3.1 North America Variable Frequency Drives (VFD) Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.3.2 North America Variable Frequency Drives (VFD) Consumption by Country (2019-2030)
4.3.3 U.S.
4.3.4 Canada
4.4 Europe
4.4.1 Europe Variable Frequency Drives (VFD) Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.4.2 Europe Variable Frequency Drives (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 Variable Frequency Drives (VFD) Consumption Growth Rate by Region: 2019 VS 2023 VS 2030
4.5.2 Asia Pacific Variable Frequency Drives (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 Variable Frequency Drives (VFD) Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.6.2 Latin America, Middle East & Africa Variable Frequency Drives (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 Variable Frequency Drives (VFD) Production by Type (2019-2030)
5.1.1 Global Variable Frequency Drives (VFD) Production by Type (2019-2024)
5.1.2 Global Variable Frequency Drives (VFD) Production by Type (2025-2030)
5.1.3 Global Variable Frequency Drives (VFD) Production Market Share by Type (2019-2030)
5.2 Global Variable Frequency Drives (VFD) Production Value by Type (2019-2030)
5.2.1 Global Variable Frequency Drives (VFD) Production Value by Type (2019-2024)
5.2.2 Global Variable Frequency Drives (VFD) Production Value by Type (2025-2030)
5.2.3 Global Variable Frequency Drives (VFD) Production Value Market Share by Type (2019-2030)
5.3 Global Variable Frequency Drives (VFD) Price by Type (2019-2030)
6 Segment by Application
6.1 Global Variable Frequency Drives (VFD) Production by Application (2019-2030)
6.1.1 Global Variable Frequency Drives (VFD) Production by Application (2019-2024)
6.1.2 Global Variable Frequency Drives (VFD) Production by Application (2025-2030)
6.1.3 Global Variable Frequency Drives (VFD) Production Market Share by Application (2019-2030)
6.2 Global Variable Frequency Drives (VFD) Production Value by Application (2019-2030)
6.2.1 Global Variable Frequency Drives (VFD) Production Value by Application (2019-2024)
6.2.2 Global Variable Frequency Drives (VFD) Production Value by Application (2025-2030)
6.2.3 Global Variable Frequency Drives (VFD) Production Value Market Share by Application (2019-2030)
6.3 Global Variable Frequency Drives (VFD) Price by Application (2019-2030)
7 Key Companies Profiled
7.1 ABB
7.1.1 ABB Variable Frequency Drives (VFD) Corporation Information
7.1.2 ABB Variable Frequency Drives (VFD) Product Portfolio
7.1.3 ABB Variable Frequency Drives (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 Siemens AG
7.2.1 Siemens AG Variable Frequency Drives (VFD) Corporation Information
7.2.2 Siemens AG Variable Frequency Drives (VFD) Product Portfolio
7.2.3 Siemens AG Variable Frequency Drives (VFD) Production, Value, Price and Gross Margin (2019-2024)
7.2.4 Siemens AG Main Business and Markets Served
7.2.5 Siemens AG Recent Developments/Updates
7.3 Schneider Electric Co.
7.3.1 Schneider Electric Co. Variable Frequency Drives (VFD) Corporation Information
7.3.2 Schneider Electric Co. Variable Frequency Drives (VFD) Product Portfolio
7.3.3 Schneider Electric Co. Variable Frequency Drives (VFD) Production, Value, Price and Gross Margin (2019-2024)
7.3.4 Schneider Electric Co. Main Business and Markets Served
7.3.5 Schneider Electric Co. Recent Developments/Updates
7.4 Emerson Electric Co.
7.4.1 Emerson Electric Co. Variable Frequency Drives (VFD) Corporation Information
7.4.2 Emerson Electric Co. Variable Frequency Drives (VFD) Product Portfolio
7.4.3 Emerson Electric Co. Variable Frequency Drives (VFD) Production, Value, Price and Gross Margin (2019-2024)
7.4.4 Emerson Electric Co. Main Business and Markets Served
7.4.5 Emerson Electric Co. Recent Developments/Updates
7.5 Yaskawa Electric
7.5.1 Yaskawa Electric Variable Frequency Drives (VFD) Corporation Information
7.5.2 Yaskawa Electric Variable Frequency Drives (VFD) Product Portfolio
7.5.3 Yaskawa Electric Variable Frequency Drives (VFD) Production, Value, Price and Gross Margin (2019-2024)
7.5.4 Yaskawa Electric Main Business and Markets Served
7.5.5 Yaskawa Electric Recent Developments/Updates
7.6 Mitsubishi Electric Corporation
7.6.1 Mitsubishi Electric Corporation Variable Frequency Drives (VFD) Corporation Information
7.6.2 Mitsubishi Electric Corporation Variable Frequency Drives (VFD) Product Portfolio
7.6.3 Mitsubishi Electric Corporation Variable Frequency Drives (VFD) Production, Value, Price and Gross Margin (2019-2024)
7.6.4 Mitsubishi Electric Corporation Main Business and Markets Served
7.6.5 Mitsubishi Electric Corporation Recent Developments/Updates
7.7 Hitachi Ltd.
7.7.1 Hitachi Ltd. Variable Frequency Drives (VFD) Corporation Information
7.7.2 Hitachi Ltd. Variable Frequency Drives (VFD) Product Portfolio
7.7.3 Hitachi Ltd. Variable Frequency Drives (VFD) Production, Value, Price and Gross Margin (2019-2024)
7.7.4 Hitachi Ltd. Main Business and Markets Served
7.7.5 Hitachi Ltd. Recent Developments/Updates
7.8 Danfoss
7.8.1 Danfoss Variable Frequency Drives (VFD) Corporation Information
7.8.2 Danfoss Variable Frequency Drives (VFD) Product Portfolio
7.8.3 Danfoss Variable Frequency Drives (VFD) Production, Value, Price and Gross Margin (2019-2024)
7.8.4 Danfoss Main Business and Markets Served
7.7.5 Danfoss Recent Developments/Updates
7.9 Toshiba International Corporation
7.9.1 Toshiba International Corporation Variable Frequency Drives (VFD) Corporation Information
7.9.2 Toshiba International Corporation Variable Frequency Drives (VFD) Product Portfolio
7.9.3 Toshiba International Corporation Variable Frequency Drives (VFD) Production, Value, Price and Gross Margin (2019-2024)
7.9.4 Toshiba International Corporation Main Business and Markets Served
7.9.5 Toshiba International Corporation Recent Developments/Updates
7.10 Fuji Electric
7.10.1 Fuji Electric Variable Frequency Drives (VFD) Corporation Information
7.10.2 Fuji Electric Variable Frequency Drives (VFD) Product Portfolio
7.10.3 Fuji Electric Variable Frequency Drives (VFD) Production, Value, Price and Gross Margin (2019-2024)
7.10.4 Fuji Electric Main Business and Markets Served
7.10.5 Fuji Electric Recent Developments/Updates
7.11 Rockwell Automation
7.11.1 Rockwell Automation Variable Frequency Drives (VFD) Corporation Information
7.11.2 Rockwell Automation Variable Frequency Drives (VFD) Product Portfolio
7.11.3 Rockwell Automation Variable Frequency Drives (VFD) Production, Value, Price and Gross Margin (2019-2024)
7.11.4 Rockwell Automation Main Business and Markets Served
7.11.5 Rockwell Automation Recent Developments/Updates
8 Industry Chain and Sales Channels Analysis
8.1 Variable Frequency Drives (VFD) Industry Chain Analysis
8.2 Variable Frequency Drives (VFD) Key Raw Materials
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.3 Variable Frequency Drives (VFD) Production Mode & Process
8.4 Variable Frequency Drives (VFD) Sales and Marketing
8.4.1 Variable Frequency Drives (VFD) Sales Channels
8.4.2 Variable Frequency Drives (VFD) Distributors
8.5 Variable Frequency Drives (VFD) Customers
9 Variable Frequency Drives (VFD) Market Dynamics
9.1 Variable Frequency Drives (VFD) Industry Trends
9.2 Variable Frequency Drives (VFD) Market Drivers
9.3 Variable Frequency Drives (VFD) Market Challenges
9.4 Variable Frequency Drives (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
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