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Global VFD (Variable Frequency Drives) Market Research Report 2024
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 VFD (Variable Frequency Drives) 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.
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 aims to provide a comprehensive presentation of the global market for VFD (Variable Frequency Drives), 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 VFD (Variable Frequency Drives).
Report Scope
The VFD (Variable Frequency Drives) 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 VFD (Variable Frequency Drives) 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 VFD (Variable Frequency Drives) 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
Schneider Electric
Emerson Electric
Yaskawa Electric
Mitsubishi
Hitach
Danfoss
Toshiba
Fuji Electric
Rockwell Automation
Inovance
Hiconics
INVT
Slanvert
EURA Drives
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 VFD (Variable Frequency Drives) manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of VFD (Variable Frequency Drives) 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 VFD (Variable Frequency Drives) 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 VFD (Variable Frequency Drives) 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.
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 aims to provide a comprehensive presentation of the global market for VFD (Variable Frequency Drives), 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 VFD (Variable Frequency Drives).
Report Scope
The VFD (Variable Frequency Drives) 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 VFD (Variable Frequency Drives) 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 VFD (Variable Frequency Drives) 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
Schneider Electric
Emerson Electric
Yaskawa Electric
Mitsubishi
Hitach
Danfoss
Toshiba
Fuji Electric
Rockwell Automation
Inovance
Hiconics
INVT
Slanvert
EURA Drives
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 VFD (Variable Frequency Drives) manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of VFD (Variable Frequency Drives) 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 VFD (Variable Frequency Drives) 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 VFD (Variable Frequency Drives) Market Overview
1.1 Product Definition
1.2 VFD (Variable Frequency Drives) Segment by Type
1.2.1 Global VFD (Variable Frequency Drives) 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 VFD (Variable Frequency Drives) Segment by Application
1.3.1 Global VFD (Variable Frequency Drives) 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 VFD (Variable Frequency Drives) Production Value Estimates and Forecasts (2019-2030)
1.4.2 Global VFD (Variable Frequency Drives) Production Capacity Estimates and Forecasts (2019-2030)
1.4.3 Global VFD (Variable Frequency Drives) Production Estimates and Forecasts (2019-2030)
1.4.4 Global VFD (Variable Frequency Drives) Market Average Price Estimates and Forecasts (2019-2030)
1.5 Assumptions and Limitations
2 Market Competition by Manufacturers
2.1 Global VFD (Variable Frequency Drives) Production Market Share by Manufacturers (2019-2024)
2.2 Global VFD (Variable Frequency Drives) Production Value Market Share by Manufacturers (2019-2024)
2.3 Global Key Players of VFD (Variable Frequency Drives), Industry Ranking, 2022 VS 2023 VS 2024
2.4 Global VFD (Variable Frequency Drives) Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
2.5 Global VFD (Variable Frequency Drives) Average Price by Manufacturers (2019-2024)
2.6 Global Key Manufacturers of VFD (Variable Frequency Drives), Manufacturing Base Distribution and Headquarters
2.7 Global Key Manufacturers of VFD (Variable Frequency Drives), Product Offered and Application
2.8 Global Key Manufacturers of VFD (Variable Frequency Drives), Date of Enter into This Industry
2.9 VFD (Variable Frequency Drives) Market Competitive Situation and Trends
2.9.1 VFD (Variable Frequency Drives) Market Concentration Rate
2.9.2 Global 5 and 10 Largest VFD (Variable Frequency Drives) Players Market Share by Revenue
2.10 Mergers & Acquisitions, Expansion
3 VFD (Variable Frequency Drives) Production by Region
3.1 Global VFD (Variable Frequency Drives) Production Value Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.2 Global VFD (Variable Frequency Drives) Production Value by Region (2019-2030)
3.2.1 Global VFD (Variable Frequency Drives) Production Value Market Share by Region (2019-2024)
3.2.2 Global Forecasted Production Value of VFD (Variable Frequency Drives) by Region (2025-2030)
3.3 Global VFD (Variable Frequency Drives) Production Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.4 Global VFD (Variable Frequency Drives) Production by Region (2019-2030)
3.4.1 Global VFD (Variable Frequency Drives) Production Market Share by Region (2019-2024)
3.4.2 Global Forecasted Production of VFD (Variable Frequency Drives) by Region (2025-2030)
3.5 Global VFD (Variable Frequency Drives) Market Price Analysis by Region (2019-2024)
3.6 Global VFD (Variable Frequency Drives) Production and Value, Year-over-Year Growth
3.6.1 North America VFD (Variable Frequency Drives) Production Value Estimates and Forecasts (2019-2030)
3.6.2 Europe VFD (Variable Frequency Drives) Production Value Estimates and Forecasts (2019-2030)
3.6.3 China VFD (Variable Frequency Drives) Production Value Estimates and Forecasts (2019-2030)
3.6.4 Japan VFD (Variable Frequency Drives) Production Value Estimates and Forecasts (2019-2030)
4 VFD (Variable Frequency Drives) Consumption by Region
4.1 Global VFD (Variable Frequency Drives) Consumption Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
4.2 Global VFD (Variable Frequency Drives) Consumption by Region (2019-2030)
4.2.1 Global VFD (Variable Frequency Drives) Consumption by Region (2019-2024)
4.2.2 Global VFD (Variable Frequency Drives) Forecasted Consumption by Region (2025-2030)
4.3 North America
4.3.1 North America VFD (Variable Frequency Drives) Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.3.2 North America VFD (Variable Frequency Drives) Consumption by Country (2019-2030)
4.3.3 U.S.
4.3.4 Canada
4.4 Europe
4.4.1 Europe VFD (Variable Frequency Drives) Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.4.2 Europe VFD (Variable Frequency Drives) 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 VFD (Variable Frequency Drives) Consumption Growth Rate by Region: 2019 VS 2023 VS 2030
4.5.2 Asia Pacific VFD (Variable Frequency Drives) 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 VFD (Variable Frequency Drives) Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.6.2 Latin America, Middle East & Africa VFD (Variable Frequency Drives) Consumption by Country (2019-2030)
4.6.3 Mexico
4.6.4 Brazil
4.6.5 Turkey
5 Segment by Type
5.1 Global VFD (Variable Frequency Drives) Production by Type (2019-2030)
5.1.1 Global VFD (Variable Frequency Drives) Production by Type (2019-2024)
5.1.2 Global VFD (Variable Frequency Drives) Production by Type (2025-2030)
5.1.3 Global VFD (Variable Frequency Drives) Production Market Share by Type (2019-2030)
5.2 Global VFD (Variable Frequency Drives) Production Value by Type (2019-2030)
5.2.1 Global VFD (Variable Frequency Drives) Production Value by Type (2019-2024)
5.2.2 Global VFD (Variable Frequency Drives) Production Value by Type (2025-2030)
5.2.3 Global VFD (Variable Frequency Drives) Production Value Market Share by Type (2019-2030)
5.3 Global VFD (Variable Frequency Drives) Price by Type (2019-2030)
6 Segment by Application
6.1 Global VFD (Variable Frequency Drives) Production by Application (2019-2030)
6.1.1 Global VFD (Variable Frequency Drives) Production by Application (2019-2024)
6.1.2 Global VFD (Variable Frequency Drives) Production by Application (2025-2030)
6.1.3 Global VFD (Variable Frequency Drives) Production Market Share by Application (2019-2030)
6.2 Global VFD (Variable Frequency Drives) Production Value by Application (2019-2030)
6.2.1 Global VFD (Variable Frequency Drives) Production Value by Application (2019-2024)
6.2.2 Global VFD (Variable Frequency Drives) Production Value by Application (2025-2030)
6.2.3 Global VFD (Variable Frequency Drives) Production Value Market Share by Application (2019-2030)
6.3 Global VFD (Variable Frequency Drives) Price by Application (2019-2030)
7 Key Companies Profiled
7.1 ABB
7.1.1 ABB VFD (Variable Frequency Drives) Corporation Information
7.1.2 ABB VFD (Variable Frequency Drives) Product Portfolio
7.1.3 ABB VFD (Variable Frequency Drives) 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
7.2.1 Siemens VFD (Variable Frequency Drives) Corporation Information
7.2.2 Siemens VFD (Variable Frequency Drives) Product Portfolio
7.2.3 Siemens VFD (Variable Frequency Drives) Production, Value, Price and Gross Margin (2019-2024)
7.2.4 Siemens Main Business and Markets Served
7.2.5 Siemens Recent Developments/Updates
7.3 Schneider Electric
7.3.1 Schneider Electric VFD (Variable Frequency Drives) Corporation Information
7.3.2 Schneider Electric VFD (Variable Frequency Drives) Product Portfolio
7.3.3 Schneider Electric VFD (Variable Frequency Drives) Production, Value, Price and Gross Margin (2019-2024)
7.3.4 Schneider Electric Main Business and Markets Served
7.3.5 Schneider Electric Recent Developments/Updates
7.4 Emerson Electric
7.4.1 Emerson Electric VFD (Variable Frequency Drives) Corporation Information
7.4.2 Emerson Electric VFD (Variable Frequency Drives) Product Portfolio
7.4.3 Emerson Electric VFD (Variable Frequency Drives) Production, Value, Price and Gross Margin (2019-2024)
7.4.4 Emerson Electric Main Business and Markets Served
7.4.5 Emerson Electric Recent Developments/Updates
7.5 Yaskawa Electric
7.5.1 Yaskawa Electric VFD (Variable Frequency Drives) Corporation Information
7.5.2 Yaskawa Electric VFD (Variable Frequency Drives) Product Portfolio
7.5.3 Yaskawa Electric VFD (Variable Frequency Drives) 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
7.6.1 Mitsubishi VFD (Variable Frequency Drives) Corporation Information
7.6.2 Mitsubishi VFD (Variable Frequency Drives) Product Portfolio
7.6.3 Mitsubishi VFD (Variable Frequency Drives) Production, Value, Price and Gross Margin (2019-2024)
7.6.4 Mitsubishi Main Business and Markets Served
7.6.5 Mitsubishi Recent Developments/Updates
7.7 Hitach
7.7.1 Hitach VFD (Variable Frequency Drives) Corporation Information
7.7.2 Hitach VFD (Variable Frequency Drives) Product Portfolio
7.7.3 Hitach VFD (Variable Frequency Drives) Production, Value, Price and Gross Margin (2019-2024)
7.7.4 Hitach Main Business and Markets Served
7.7.5 Hitach Recent Developments/Updates
7.8 Danfoss
7.8.1 Danfoss VFD (Variable Frequency Drives) Corporation Information
7.8.2 Danfoss VFD (Variable Frequency Drives) Product Portfolio
7.8.3 Danfoss VFD (Variable Frequency Drives) 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
7.9.1 Toshiba VFD (Variable Frequency Drives) Corporation Information
7.9.2 Toshiba VFD (Variable Frequency Drives) Product Portfolio
7.9.3 Toshiba VFD (Variable Frequency Drives) Production, Value, Price and Gross Margin (2019-2024)
7.9.4 Toshiba Main Business and Markets Served
7.9.5 Toshiba Recent Developments/Updates
7.10 Fuji Electric
7.10.1 Fuji Electric VFD (Variable Frequency Drives) Corporation Information
7.10.2 Fuji Electric VFD (Variable Frequency Drives) Product Portfolio
7.10.3 Fuji Electric VFD (Variable Frequency Drives) 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 VFD (Variable Frequency Drives) Corporation Information
7.11.2 Rockwell Automation VFD (Variable Frequency Drives) Product Portfolio
7.11.3 Rockwell Automation VFD (Variable Frequency Drives) 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
7.12 Inovance
7.12.1 Inovance VFD (Variable Frequency Drives) Corporation Information
7.12.2 Inovance VFD (Variable Frequency Drives) Product Portfolio
7.12.3 Inovance VFD (Variable Frequency Drives) Production, Value, Price and Gross Margin (2019-2024)
7.12.4 Inovance Main Business and Markets Served
7.12.5 Inovance Recent Developments/Updates
7.13 Hiconics
7.13.1 Hiconics VFD (Variable Frequency Drives) Corporation Information
7.13.2 Hiconics VFD (Variable Frequency Drives) Product Portfolio
7.13.3 Hiconics VFD (Variable Frequency Drives) Production, Value, Price and Gross Margin (2019-2024)
7.13.4 Hiconics Main Business and Markets Served
7.13.5 Hiconics Recent Developments/Updates
7.14 INVT
7.14.1 INVT VFD (Variable Frequency Drives) Corporation Information
7.14.2 INVT VFD (Variable Frequency Drives) Product Portfolio
7.14.3 INVT VFD (Variable Frequency Drives) Production, Value, Price and Gross Margin (2019-2024)
7.14.4 INVT Main Business and Markets Served
7.14.5 INVT Recent Developments/Updates
7.15 Slanvert
7.15.1 Slanvert VFD (Variable Frequency Drives) Corporation Information
7.15.2 Slanvert VFD (Variable Frequency Drives) Product Portfolio
7.15.3 Slanvert VFD (Variable Frequency Drives) Production, Value, Price and Gross Margin (2019-2024)
7.15.4 Slanvert Main Business and Markets Served
7.15.5 Slanvert Recent Developments/Updates
7.16 EURA Drives
7.16.1 EURA Drives VFD (Variable Frequency Drives) Corporation Information
7.16.2 EURA Drives VFD (Variable Frequency Drives) Product Portfolio
7.16.3 EURA Drives VFD (Variable Frequency Drives) Production, Value, Price and Gross Margin (2019-2024)
7.16.4 EURA Drives Main Business and Markets Served
7.16.5 EURA Drives Recent Developments/Updates
8 Industry Chain and Sales Channels Analysis
8.1 VFD (Variable Frequency Drives) Industry Chain Analysis
8.2 VFD (Variable Frequency Drives) Key Raw Materials
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.3 VFD (Variable Frequency Drives) Production Mode & Process
8.4 VFD (Variable Frequency Drives) Sales and Marketing
8.4.1 VFD (Variable Frequency Drives) Sales Channels
8.4.2 VFD (Variable Frequency Drives) Distributors
8.5 VFD (Variable Frequency Drives) Customers
9 VFD (Variable Frequency Drives) Market Dynamics
9.1 VFD (Variable Frequency Drives) Industry Trends
9.2 VFD (Variable Frequency Drives) Market Drivers
9.3 VFD (Variable Frequency Drives) Market Challenges
9.4 VFD (Variable Frequency Drives) 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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