Variable Frequency Drive (VFD) Market Size, Share & Trends Analysis Report By Product (AC, DC, Servo), By Power Range (Micro, Low, Medium, High), By Application (Pumps, HVAC, Conveyers), By End-Use, And Segment Forecasts, 2018 - 2025

Published: Jul, 2018 | Pages: 110 | Publisher: Grand View Research
Industry: Electronics | Report Format: Electronic (PDF)

The global variable frequency drive (VFD) market size is expected to reach USD 33.10 billion by 2025, according to a study conducted by Grand View Research, Inc., posting a CAGR of 6.7% during the forecast period. Growing awareness and demand for energy efficiency, favorable government norms and regulations, and rising technological advancements are likely to provide a fillip to the market. Integration of VFDs with electric drives enable end-users to control the speed and torque of drives. It thereby, helps in increasing their operating efficiency and concurrently reducing the energy consumption.

A large number of VFD manufacturers such as ABB, Ltd., Danfoss Global, Siemens AG, and Schneider Electric SE are developing differentiated products on the basis of functionalities, along with integrated sensors, to maintain their strong foothold in this price sensitive arena. Asia Pacific is projected to dominate the market during the forecast period due to improving economic conditions and rapid industrialization. Additionally, increasing commercial activities are augmenting the market in the region.

Stringent government regulations mandating the use of energy efficient devices, along with increasing energy prices, are also encouraging deployment of VFDs across multiple market domains. Additionally, rising investments in promoting energy efficiency are escalating the growth of the variable frequency drive market.

Further key findings from the study suggest:

• AC VFDs offer easy integration and low maintenance cost. Therefore, the segment is expected to emerge as the leading as well as the fastest growing segment over the forecast period

• Demand for VFDs is estimated to increase in the pumps application segment owing to increasing penetration of these drives in hydraulic operations across the oil & gas and wastewater industries.

• Latin America is anticipated to be the fastest-growing region over the forecast period due to spiraling adoption of VFDs across emerging industrial sectors in the region

• Some of the prominent industry players are ABB, Ltd.; Siemens AG; Schneider Electric SE; Rockwell Automation; Inc.; Danfoss Global; and WEG.

 Table of Contents

Chapter 1 Methodology And Scope
                 1.1 Research Methodology
                 1.2 Research Scope & Assumptions
                 1.3 List of Data Sources
Chapter 2 Executive Summary
                 2.1 VFD - Market snapshot and key buying criteria, 2014 - 2025
                      2.1.1 Global VFD market, 2014 - 2025
                      2.1.2 Global VFD market, by product 2014 - 2025 (USD Million)
                      2.1.3 Global VFD market, by application 2014 - 2025 (USD Million)
                      2.1.4 Global VFD market, by end-use 2014 - 2025 (USD Million)
Chapter 3 Vfd Industry Outlook
                 3.1 Market Segmentation
                 3.2 VFD - Market Size and Growth Prospects
                 3.3 VFD - Value Chain Analysis
                 3.4 Market Dynamics
                      3.4.1 Market driver analysis
                           3.4.1.1 Growing awareness and demand for energy efficiency
                           3.4.1.2 Government norms and regulations boosting the market
                           3.4.1.3 Technological advancements stimulating market growth
                      3.4.2 Market restraint analysis
                           3.4.2.1 Rising cybersecurity concerns
                           3.4.2.2 High initial investment and lack of skilled labour
                 3.5 Industry Analysis - Porter's
                 3.6 Penetration and Growth Prospect Mapping
                 3.7 VFD - Key Company Analysis, 2016
                 3.8 VFD - PEST Analysis
Chapter 4 VFD Market: Product Estimates And Trend Analysis
                 4.1 VFD Market: Product Movement Analysis
                      4.1.1 AC Drives
                      4.1.2 DC Drives
                      4.1.3 Servo Drives
Chapter 5 VFD Market: Power Range Estimates And Trend Analysis
                 5.1 VFD Market: Power Range Movement Analysis
                      5.1.1 Micro
                      5.1.2 Low
                      5.1.3 Medium
                      5.1.4 High
Chapter 6 VFD Market: Application Estimates and Trend Analysis
                 6.1 VFD Market: Application Movement Analysis
                      6.1.1 Pumps
                      6.1.2 Electric Fans
                      6.1.3 Conveyors
                      6.1.4 HVAC
                      6.1.5 Extruders
Chapter 7 VFD Market: End-Use Estimates and Trend Analysis
                 7.1 VFD Market: End-Use Movement Analysis
                      7.1.1 Oil & Gas
                      7.1.2 Power Generation
                      7.1.3 Industrial
                      7.1.4 Infrastructure
                      7.1.5 Automotive
                      7.1.6 Food & Beverages
Chapter 8 VFD Market: Regional Estimates and Trend Analysis
                 8.1 North America
                      8.1.1 North America VFD market, by product 2014 - 2025 (USD Million)
                      8.1.2 North America VFD market, by power range 2014 - 2025 (USD Million)
                      8.1.3 North America VFD market, by application 2014 - 2025 (USD Million)
                      8.1.4 North America VFD market, by end-use 2014 - 2025 (USD Million)
                      8.1.5 U.S.
                           8.1.5.1 U.S. VFD market, by product, 2014 - 2025 (USD Million)
                           8.1.5.2 U.S. VFD market, by power range 2014 - 2025 (USD Million)
                           8.1.5.3 U.S. VFD market, by application 2014 - 2025 (USD Million)
                           8.1.5.4 U.S. VFD market, by end-use 2014 - 2025 (USD Million)
                      8.1.6 Canada
                           8.1.6.1 Canada VFD market, by product, 2014 - 2025 (USD Million)
                           8.1.6.2 Canada VFD market, by power range 2014 - 2025 (USD Million)
                           8.1.6.3 Canada VFD market, by application 2014 - 2025 (USD Million)
                           8.1.6.4 Canada VFD market, by end-use 2014 - 2025 (USD Million)
                 8.2 Europe
                      8.2.1 Europe VFD market, by product 2014 - 2025 (USD Million)
                      8.2.2 Europe VFD market, by power range 2014 - 2025 (USD Million)
                      8.2.3 Europe VFD market, by application 2014 - 2025 (USD Million)
                      8.2.4 Europe VFD market, by end-use 2014 - 2025 (USD Million)
                      8.2.5 Germany
                           8.2.5.1 Germany VFD market, by product, 2014 - 2025 (USD Million)
                           8.2.5.2 Germany VFD market, by power range 2014 - 2025 (USD Million)
                           8.2.5.3 Germany VFD market, by application 2014 - 2025 (USD Million)
                           8.2.5.4 Germany VFD market, by end-use 2014 - 2025 (USD Million)
                      8.2.6 U.K.
                           8.2.6.1 U.K. VFD market, by product, 2014 - 2025 (USD Million)
                           8.2.6.2 U.K. VFD market, by power range 2014 - 2025 (USD Million)
                           8.2.6.3 U.K. VFD market, by application 2014 - 2025 (USD Million)
                           8.2.6.4 U.K. VFD market, by end-use 2014 - 2025 (USD Million)
                 8.3 Asia Pacific
                      8.3.1 Asia Pacific VFD market, by product 2014 - 2025 (USD Million)
                      8.3.2 Asia Pacific VFD market, by power range 2014 - 2025 (USD Million)
                      8.3.3 Asia Pacific VFD market, by application 2014 - 2025 (USD Million)
                      8.3.4 Asia Pacific VFD market, by end-use 2014 - 2025 (USD Million)
                      8.3.5 China
                           8.3.5.1 China VFD market, by product, 2014 - 2025 (USD Million)
                           8.3.5.2 China VFD market, by power range 2014 - 2025 (USD Million)
                           8.3.5.3 China VFD market, by application 2014 - 2025 (USD Million)
                           8.3.5.4 China VFD market, by end-use 2014 - 2025 (USD Million)
                      8.3.6 Japan
                           8.3.6.1 Japan VFD market, by product, 2014 - 2025 (USD Million)
                           8.3.6.2 Japan VFD market, by power range 2014 - 2025 (USD Million)
                           8.3.6.3 Japan VFD market, by application 2014 - 2025 (USD Million)
                           8.3.6.4 Japan VFD market, by end-use 2014 - 2025 (USD Million)
                      8.3.7 India
                           8.3.7.1 India VFD market, by product, 2014 - 2025 (USD Million)
                           8.3.7.2 India VFD market, by power range 2014 - 2025 (USD Million)
                           8.3.7.3 India VFD market, by application 2014 - 2025 (USD Million)
                           8.3.7.4 India VFD market, by end-use 2014 - 2025 (USD Million)
                      8.3.8 South Korea
                           8.3.8.1 South Korea VFD market, by product, 2014 - 2025 (USD Million)
                           8.3.8.2 South Korea VFD market, by power range 2014 - 2025 (USD Million)
                           8.3.8.3 South Korea VFD market, by application 2014 - 2025 (USD Million)
                           8.3.8.4 South Korea VFD market, by end-use 2014 - 2025 (USD Million)
                 8.4 Latin America
                      8.4.1 Latin America VFD market, by product 2014 - 2025 (USD Million)
                      8.4.2 Latin America VFD market, by power range 2014 - 2025 (USD Million)
                      8.4.3 Latin America VFD market, by application 2014 - 2025 (USD Million)
                      8.4.4 Latin America VFD market, by end-use 2014 - 2025 (USD Million)
                      8.4.5 Brazil
                           8.4.5.1 Brazil VFD market, by product, 2014 - 2025 (USD Million)
                           8.4.5.2 Brazil VFD market, by power range 2014 - 2025 (USD Million)
                           8.4.5.3 Brazil VFD market, by application 2014 - 2025 (USD Million)
                           8.4.5.4 Brazil VFD market, by end-use 2014 - 2025 (USD Million)
                      8.4.6 Mexico
                           8.4.6.1 Mexico VFD market, by product, 2014 - 2025 (USD Million)
                           8.4.6.2 Mexico VFD market, by power range 2014 - 2025 (USD Million)
                           8.4.6.3 Mexico VFD market, by application 2014 - 2025 (USD Million)
                           8.4.6.4 Mexico VFD market, by end-use 2014 - 2025 (USD Million)
                 8.5 MEA
                      8.5.1 MEA VFD market, by product 2014 - 2025 (USD Million)
                      8.5.2 MEA VFD market, by power range 2014 - 2025 (USD Million)
                      8.5.3 MEA VFD market, by application 2014 - 2025 (USD Million)
                      8.5.4 MEA VFD market, by end-use 2014 - 2025 (USD Million)
Chapter 9 Competitive Landscape
                 9.1 ABB, Ltd.
                      9.1.1 Company overview
                      9.1.2 Financial Performance
                      9.1.3 Product benchmarking
                      9.1.4 Recent developments
                 9.2 General Electric Company
                      9.2.1 Company overview
                      9.2.2 Financial performance
                      9.2.3 Product benchmarking
                      9.2.4 Strategic Initiatives
                 9.3 Hitachi, Ltd.
                      9.3.1 Company overview
                      9.3.2 Financial performance
                      9.3.3 Product benchmarking
                      9.3.4 Strategic initiatives
                 9.4 Schneider Electric
                      9.4.1 Company overview
                      9.4.2 Financial performance
                      9.4.3 Product benchmarking
                      9.4.4 Recent developments
                 9.5 Siemens AG
                      9.5.1 Company overview
                      9.5.2 Financial performance
                      9.5.3 Product benchmarking
                      9.5.4 Recent developments
                 9.6 Eaton Corporation
                      9.6.1 Company overview
                      9.6.2 Financial performance
                      9.6.3 Product benchmarking
                      9.6.4 Strategic initiatives
                 9.7 Rockwell Automation, Inc.
                      9.7.1 Company overview
                      9.7.2 Financial performance
                      9.7.3 Product benchmarking
                      9.7.4 Strategic initiatives
                 9.8 Yaskawa Electric Corporation
                      9.8.1 Company overview
                      9.8.2 Financial performance
                      9.8.3 Product benchmarking
                 9.9 The Danfoss Group
                      9.9.1 Company overview
                      9.9.2 Financial performance
                      9.9.3 Product benchmarking
                 9.10 WEG S.A.
                      9.10.1 Company overview
                      9.10.2 Financial performance
                      9.10.3 Product benchmarking
                      9.10.4 Strategic Initiatives

List of Tables

TABLE 1 Global VFD market, 2014 - 2025 (USD Million)
TABLE 2 VFD market by region, 2014 - 2025 (USD Million)
TABLE 3 Global VFD market, by product 2014 - 2025 (USD Million)
TABLE 4 Global VFD market, by application 2014 - 2025 (USD Million)
TABLE 5 Global VFD market, by application 2014 - 2025 (USD Million)
TABLE 6 Global AC VFD market by region, 2014 - 2025 (USD Million)
TABLE 7 Global DC VFD market by region, 2014 - 2025 (USD Million)
TABLE 8 Global servo VFD market by region, 2014 - 2025 (USD Million)
TABLE 9 Global micro power VFD market by region, 2014 - 2025 (USD Million)
TABLE 10 Global low power VFD market by region, 2014 - 2025 (USD Million)
TABLE 11 Global medium power VFD market by region, 2014 - 2025 (USD Million)
TABLE 12 Global high power VFD market by region, 2014 - 2025 (USD Million)
TABLE 13 Global VFD market for pump application by region, 2014 - 2025 (USD Million)
TABLE 14 Global VFD market for electric fans by region, 2014 - 2025 (USD Million)
TABLE 15 Global VFD market for conveyors by region, 2014 - 2025 (USD Million)
TABLE 16 Global VFD market for HVAC by region, 2014 - 2025 (USD Million)
TABLE 17 Global VFD market for extruders by region, 2014 - 2025 (USD Million)
TABLE 18 Global VFD oil & gas market by region, 2014 - 2025 (USD Million)
TABLE 19 Global VFD power generation market by region, 2014 - 2025 (USD Million)
TABLE 20 Global VFD industrial market by region, 2014 - 2025 (USD Million)
TABLE 21 Global VFD infrastructure market by region, 2014 - 2025 (USD Million)
TABLE 22 Global VFD automotive market by region, 2014 - 2025 (USD Million)
TABLE 23 Global VFD food & beverages market by region, 2014 - 2025 (USD Million)
TABLE 24 North America VFD market, by product 2014 - 2025 (USD Million)
TABLE 25 North America VFD market, by power range 2014 - 2025 (USD Million)
TABLE 26 North America VFD market, by application 2014 - 2025 (USD Million)
TABLE 27 North America VFD market, by end-use 2014 - 2025 (USD Million)
TABLE 28 U.S. VFD market, by product, 2014 - 2025 (USD Million)
TABLE 29 U.S. VFD market, by power range 2014 - 2025 (USD Million)
TABLE 30 U.S. VFD market, by application 2014 - 2025 (USD Million)
TABLE 31 U.S. VFD market, by end-use 2014 - 2025 (USD Million)
TABLE 32 Canada VFD market, by product, 2014 - 2025 (USD Million)
TABLE 33 Canada VFD market, by power range 2014 - 2025 (USD Million)
TABLE 34 Canada VFD market, by application 2014 - 2025 (USD Million)
TABLE 35 Canada VFD market, by end-use 2014 - 2025 (USD Million)
TABLE 36 Europe VFD market, by product 2014 - 2025 (USD Million)
TABLE 37 Europe VFD market, by power range 2014 - 2025 (USD Million)
TABLE 38 Europe VFD market, by application 2014 - 2025 (USD Million)
TABLE 39 Europe VFD market, by end-use 2014 - 2025 (USD Million)
TABLE 40 Germany VFD market, by product, 2014 - 2025 (USD Million)
TABLE 41 Germany VFD market, by power range 2014 - 2025 (USD Million)
TABLE 42 Germany VFD market, by application 2014 - 2025 (USD Million)
TABLE 43 Germany VFD market, by end-use 2014 - 2025 (USD Million)
TABLE 44 U.K. VFD market, by product, 2014 - 2025 (USD Million)
TABLE 45 U.K. VFD market, by power range 2014 - 2025 (USD Million)
TABLE 46 U.K. VFD market, by application 2014 - 2025 (USD Million)
TABLE 47 U.K. VFD market, by end-use 2014 - 2025 (USD Million)
TABLE 48 Europe VFD market, by product 2014 - 2025 (USD Million)
TABLE 49 Asia Pacific VFD market, by power range 2014 - 2025 (USD Million)
TABLE 50 Asia Pacific VFD market, by application 2014 - 2025 (USD Million)
TABLE 51 Asia Pacific VFD market, by end-use 2014 - 2025 (USD Million)
TABLE 52 China VFD market, by product, 2014 - 2025 (USD Million)
TABLE 53 China VFD market, by power range 2014 - 2025 (USD Million)
TABLE 54 China VFD market, by application 2014 - 2025 (USD Million)
TABLE 55 China VFD market, by end-use 2014 - 2025 (USD Million)
TABLE 56 Japan VFD market, by product, 2014 - 2025 (USD Million)
TABLE 57 Japan VFD market, by power range 2014 - 2025 (USD Million)
TABLE 58 Japan VFD market, by application 2014 - 2025 (USD Million)
TABLE 59 Japan VFD market, by end-use 2014 - 2025 (USD Million)
TABLE 60 India VFD market, by product, 2014 - 2025 (USD Million)
TABLE 61 India VFD market, by power range 2014 - 2025 (USD Million)
TABLE 62 India VFD market, by application 2014 - 2025 (USD Million)
TABLE 63 India VFD market, by end-use 2014 - 2025 (USD Million)
TABLE 64 South Korea VFD market, by product, 2014 - 2025 (USD Million)
TABLE 65 South Korea VFD market, by power range 2014 - 2025 (USD Million)
TABLE 66 South Korea VFD market, by application 2014 - 2025 (USD Million)
TABLE 67 South Korea VFD market, by end-use 2014 - 2025 (USD Million)
TABLE 68 Latin America VFD market, by product 2014 - 2025 (USD Million)
TABLE 69 Latin America VFD market, by power range 2014 - 2025 (USD Million)
TABLE 70 Latin America VFD market, by application 2014 - 2025 (USD Million)
TABLE 71 Latin America VFD market, by end-use 2014 - 2025 (USD Million)
TABLE 72 Brazil VFD market, by product, 2014 - 2025 (USD Million)
TABLE 73 Brazil VFD market, by power range 2014 - 2025 (USD Million)
TABLE 74 Brazil VFD market, by application 2014 - 2025 (USD Million)
TABLE 75 Brazil VFD market, by end-use 2014 - 2025 (USD Million)
TABLE 76 Mexico VFD market, by product, 2014 - 2025 (USD Million)
TABLE 77 Mexico VFD market, by power range 2014 - 2025 (USD Million)
TABLE 78 Mexico VFD market, by application 2014 - 2025 (USD Million)
TABLE 79 Mexico VFD market, by end-use 2014 - 2025 (USD Million)
TABLE 80 MEA VFD market, by product 2014 - 2025 (USD Million)
TABLE 81 MEA VFD market, by power range 2014 - 2025 (USD Million)
TABLE 82 MEA VFD market, by application 2014 - 2025 (USD Million)
TABLE 83 MEA VFD market, by end-use 2014 - 2025 (USD Million)

List of Figures

FIG. 1 Market snapshot
FIG. 2 Market segmentation
FIG. 3 VFD - Market size and growth prospects
FIG. 4 VFD - Value chain analysis
FIG. 5 Market dynamics
FIG. 6 Porter's five forces analysis
FIG. 7 Penetration and growth prospect mapping
FIG. 1 VFD - Key company analysis, 2016
FIG. 2 VFD - PEST analysis
FIG. 3 VFD market product outlook key take away
FIG. 4 VFD market: Product movement analysis
FIG. 5 VFD market power range outlook key take away
FIG. 6 VFD market: Application movement analysis
FIG. 7 VFD market application outlook key take away
FIG. 8 VFD market: Application movement analysis
FIG. 9 VFD market end-use outlook key take away
FIG. 10 VFD market: End-Use movement analysis
FIG. 11 Regional market place: Key takeaways