As per this study the global variable frequency drive market was valued USD 26.92 BN (by revenue) in 2022 and is anticipated to reach USD 44.89 BN by 2030 with a CAGR of 6.6%.
Variable frequency drive refers to a type of motor controller that drives the electric motor by adjusting frequency and voltage. It is alternatively known as adjustable-frequency drive (AFD), variable-voltage/variable-frequency (VVVF) drive, variable speed drive, AC drive, microdrive or inverter drive. Functionally, this motor controller converts the fixed frequency and voltage of the input power into the variable frequency and output voltage. Advantages of variable frequency drive better control process, reduce maintenance cost, controls torque & speed of the process, save energy and extend machine shelf life.
Market Dynamics
The market is witnessing growth at a remarkable rate owing to ongoing industrialization along with increase in investment for infrastructural development. Also, rising trend of industrial automation with growing demand for energy efficient devices with low operational cost are the factors fueling the market growth. Favorable governmental policies for adaptation of sustainable system and clean energy are further fostering the market growth. However, high initial investment and lack of skilled labor is likely to hamper the market growth.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter's five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of variable frequency drive.
Market Segmentation
The broad variable frequency drive market has been sub-grouped into current rating, voltage rating, product and application. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
By Product Type
By Power Range
By Application
By End-use
Regional Analysis
Furthermore, the report comprises of the geographical segmentation, which mainly focuses on current and forecast demand for variable frequency drive in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Global Variable Frequency Drive Market Share by Region (Representative Graph)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the variable frequency drive market include ABB, Eaton, General Electric, Hitachi Ltd., Rockwell Automation Inc., Schneider Electric, Siemens AG, The Danfoss Group, WEG S.A., Yaskawa Electric Corporation. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
1 . PREFACE
1.1. Report Description
1.1.1. Objective
1.1.2. Target Audience
1.1.3. Unique Selling Proposition (USP) & offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Market Research Process
1.3.2. Market Research Methodology
2 . EXECUTIVE SUMMARY
2.1. Highlights of Market
2.2. Global Market Snapshot
3 . VARIABLE FREQUENCY DRIVE – INDUSTRY ANALYSIS
3.1. Introduction - Market Dynamics
3.2. Market Drivers
3.3. Market Restraints
3.4. Opportunities
3.5. Industry Trends
3.6. Porter’s Five Force Analysis
3.7. Market Attractiveness Analysis
3.7.1 Market Attractiveness Analysis By Product Type
3.7.2 Market Attractiveness Analysis By Power Range
3.7.3 Market Attractiveness Analysis By Application
3.7.4 Market Attractiveness Analysis By End-use
3.7.5 Market Attractiveness Analysis By Region
4 . VALUE CHAIN ANALYSIS
4.1. Value Chain Analysis
4.2. Raw Material Analysis
4.2.1. List of Raw Materials
4.2.2. Raw Material Manufactures List
4.2.3. Price Trend of Key Raw Materials
4.3. List of Potential Buyers
4.4. Marketing Channel
4.4.1. Direct Marketing
4.4.2. Indirect Marketing
4.4.3. Marketing Channel Development Trend
5 . GLOBAL VARIABLE FREQUENCY DRIVE MARKET ANALYSIS BY PRODUCT TYPE
5.1 Overview by Product Type
5.2 Historical and Forecast Data
5.3 Analysis by Product Type
5.4 AC Drives Historic and Forecast Sales by Regions
5.5 DC Drives Historic and Forecast Sales by Regions
5.6 Servo Drives Historic and Forecast Sales by Regions
6 . GLOBAL VARIABLE FREQUENCY DRIVE MARKET ANALYSIS BY POWER RANGE
6.1 Overview by Power Range
6.2 Historical and Forecast Data
6.3 Analysis by Power Range
6.4 Micro (0-5 kW) Historic and Forecast Sales by Regions
6.5 Low (6-40 kW) Historic and Forecast Sales by Regions
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