Variable Frequency Drive Market Research Report – Forecast to 2027

Variable Frequency Drive Market Research Report by type (AC, DC, and servo), by application (pumps, fans, compressor, extruder, others), by end-user (oil & gas, industrial, infrastructure, power generation, others), and Region - Forecast till 2027

ID: MRFR/E&P/1807-HCR | February 2021 | Region: Global | 135 pages

Impact of COVID-19 on the Global Variable Frequency Drive Market
Variable Frequency Drive Market


Source: Primary Experts, Secondary Sources, and MRFR Analysis


The spread of the COVID-19 pandemic has adversely impacted the global variable frequency drives market owing to the full or partial lockdowns imposed in the majority of the countries across the globe since Q1 of 2020. Variable frequency drives are key components in electromechanical drive systems used across numerous industrial verticals. They are also called adjustable frequency drives or variable speed drives. They are installed in electromechanical drive systems to control AC motor speeds and torque by adjusting input voltage and frequency as per user requirements. These drives are used across industrial infrastructures with AC and DC electric motors. Variable frequency drives find usage in fans, compressors, and conveyors, among other applications, and improve performance and energy savings.


The rising preference for variable frequency drives is likely to further fuel market growth over the projected timeframe. Future investments in the construction and manufacturing sectors in emerging countries are expected to provide growth opportunities for the suppliers of variable frequency drives. The demand for such products has been hampered temporarily in recent months owing to the shutting down of businesses globally. However, it is expected to recover in the coming months and grow significantly in the long term.


Global Investment in Energy (2017-2020)


Source: IEA


Government authorities in several countries have implemented supportive policies for relief against COVID-19 pandemic that will support the growth of the variable frequency drives market over the projected timeframe. The increasing demand for energy-efficient heating and cooling technologies in the industrial sector has propelled the growth of the variable frequency drives market. The rising infrastructural developments are also expected to escalate the use of variable frequency drives, particularly in industrial areas.


Consumer preferences play a vital role in generating demand for the products, owing to their high usage across various industry verticals, including oil & gas, and power generation. According to the MRF analysis, the global market is expected to witness slow growth in the coming year, which is likely to affect the demand for variable frequency drives across the globe. Industry participants are expected to enhance their production capacities with the stabilizing market scenario over the projected timeframe. The market is expected to recover in Q1 of 2021.

1 Executive Summary

2 Research Methodology

2.1 Scope of the Study

2.1.1 Definition

2.1.2 Research Objective

2.1.3 Assumptions

2.1.4 Limitations

2.2 Research Process

2.2.1 Primary Research

2.2.2 Secondary Research

2.3 Market size Estimation

2.4 Forecast Model
3 Market Dynamics

3.1 Market Drivers

3.2 Market Inhibitors

3.3 Supply/Value Chain Analysis

3.4 Porter’s Five Forces Analysis

4 Global Variable Frequency Drive Market, By Type

4.1 AC

4.2 DC

4.3 Servo

5 Global Variable Frequency Drive Market, By Application

5.1 Introduction

5.2 Pumps

5.3 Fans

5.4 Compressors

5.4 Extruders

5.5 Others

6 Global Variable Frequency Drive Market, By End-User

6.1 Industrial

6.2 Infrastructure

6.3 Oil & Gas

6.4 Power generation

6.5 Others

7 Regional Market Analysis

7.1 Introduction

7.2 North America

7.2.1 U.S.

7.2.2 Canada

7.3 Europe

7.3.1 U.K

7.3.2 France

7.3.3 Germany

7.3.4 Spain

7.3.5 Rest of Europe

7.4 Asia-Pacific

7.4.1 China

7.4.2 Japan

7.4.3 India

7.4.4 Rest of Asia-Pacific

7.5 Rest of the World

8 Competitive Analysis

8.1 Introduction

8.2 Competitive Scenario

8.2.1 Market Share Analysis

8.2.2 Market Development Analysis

8.2.3 Type/Service Benchmarking

8.3 ABB Ltd. (Switzerland)

8.3.1 Overview

8.3.2 Type/Service Offering

8.3.3 Strategy

8.4 Siemens AG (Germany)

8.4.1 Overview

8.4.2 Type/Service Offering

8.4.3 Strategy

8.5 Rockwell Automation, Inc. (U.S.)

8.5.1 Overview

8.5.2 Type/Service Offering

8.5.3 Strategy

8.6 WEG (Brazil)

8.6.1 Overview

8.6.2 Type/Service Offering

8.6.3 Strategy

8.7 Yaskawa Electric Corporation (Japan)

8.7.1 Overview

8.7.2 Type/Service Offering

8.7.3 Strategy

8.8 Eaton Corporation Plc. (Ireland)

8.8.1 Overview

8.8.2 Type/Service Offering

8.8.3 Strategy

8.8 General Electric (U.S.)

8.8.1 Overview

8.8.2 Type/Service Offering

8.8.3 Strategy

8.10 Emerson Electric Co. (U.S.)

8.10.1 Overview

8.10.2 Type/Service Offering

8.10.3 Strategy

8.11 Hitachi, Ltd. (Japan)

8.11.1 Overview

8.11.2 Type/Service Offering

8.11.3 Strategy

8.12 Mitsubishi Electric Corporation (Japan)

8.12.1 Overview

8.12.2 Type/Service Offering

8.12.3 Strategy

LIST OF TABLES
TABLE 1 GLOBAL VARIABLE FREQUENCY DRIVE MARKET, BY TYPE

TABLE 2 GLOBAL VARIABLE FREQUENCY DRIVE MARKET, BY APPLICATION

TABLE 3 GLOBAL VARIABLE FREQUENCY DRIVE MARKET, BY END-USER

TABLE 4 GLOBAL VARIABLE FREQUENCY DRIVE MARKET, BY REGIONS

TABLE 5 NORTH AMERICA VARIABLE FREQUENCY DRIVE MARKET, BY TYPE

TABLE 6 NORTH AMERICA VARIABLE FREQUENCY DRIVE MARKET, BY APPLICATION

TABLE 7 NORTH AMERICA VARIABLE FREQUENCY DRIVE MARKET, BY END-USER

TABLE 8 U.S. VARIABLE FREQUENCY DRIVE MARKET, BY TYPE

TABLE 9 U.S. VARIABLE FREQUENCY DRIVE MARKET, BY APPLICATION

TABLE 10 U.S. VARIABLE FREQUENCY DRIVE MARKET, BY END-USER

TABLE 11 CANADA VARIABLE FREQUENCY DRIVE MARKET, BY TYPE

TABLE 12 CANADA VARIABLE FREQUENCY DRIVE MARKET, BY APPLICATION

TABLE 13 CANADA VARIABLE FREQUENCY DRIVE MARKET, BY END-USER

TABLE 14 EUROPE ENGINEERING PLASTICMARKET, BY COUNTRY

TABLE 15 EUROPE VARIABLE FREQUENCY DRIVE MARKET, BY TYPE

TABLE 16 EUROPE VARIABLE FREQUENCY DRIVE MARKET, BY APPLICATION

TABLE 17 EUROPE VARIABLE FREQUENCY DRIVE MARKET, BY END-USER

TABLE 18 GERMANY VARIABLE FREQUENCY DRIVE MARKET, BY TYPE

TABLE 19 GERMANY VARIABLE FREQUENCY DRIVE MARKET, BY APPLICATION

TABLE 20 GERMANY VARIABLE FREQUENCY DRIVE MARKET, BY END-USER

TABLE 21 FRANCE VARIABLE FREQUENCY DRIVE MARKET, BY TYPE

TABLE 22 FRANCE VARIABLE FREQUENCY DRIVE MARKET, BY APPLICATION

TABLE 23 FRANCE VARIABLE FREQUENCY DRIVE MARKET, BY END-USER

TABLE 24 U.K. VARIABLE FREQUENCY DRIVE MARKET, BY TYPE

TABLE 25 U.K. VARIABLE FREQUENCY DRIVE MARKET, BY APPLICATION

TABLE 26 U.K. VARIABLE FREQUENCY DRIVE MARKET, BY END-USER

TABLE 27 REST OF EUROPE VARIABLE FREQUENCY DRIVE MARKET, BY TYPE

TABLE 28 REST OF EUROPE VARIABLE FREQUENCY DRIVE MARKET, BY APPLICATION

TABLE 29 REST OF EUROPE VARIABLE FREQUENCY DRIVE MARKET, BY END-USER

TABLE 30 ASIA-PACIFIC VARIABLE FREQUENCY DRIVE MARKET, BY TYPE

TABLE 31 ASIA-PACIFIC VARIABLE FREQUENCY DRIVE MARKET, BY APPLICATION

TABLE 32 ASIA-PACIFIC VARIABLE FREQUENCY DRIVE MARKET, BY END-USER

TABLE 33 MIDDLE EAST & AFRICA VARIABLE FREQUENCY DRIVE MARKET, BY TYPE

TABLE 34 MIDDLE EAST & AFRICA VARIABLE FREQUENCY DRIVE MARKET, BY APPLICATION

TABLE 35 MIDDLE EAST & AFRICA VARIABLE FREQUENCY DRIVE MARKET, BY END-USER
LIST OF FIGURES
FIGURE 1 RESEARCH TYPE

FIGURE 2 GLOBAL VARIABLE FREQUENCY DRIVE MARKET: BY TYPE (%)

FIGURE 3 GLOBAL VARIABLE FREQUENCY DRIVE MARKET: BY APPLICATION (%)

FIGURE 4 GLOBAL VARIABLE FREQUENCY DRIVE MARKET: BY END-USER (%)

FIGURE 5 GLOBAL VARIABLE FREQUENCY DRIVE MARKET: BY REGION

FIGURE 6 NORTH AMERICA VARIABLE FREQUENCY DRIVE MARKET, BY TYPE (%)

FIGURE 7 NORTH AMERICA VARIABLE FREQUENCY DRIVE MARKET, BY APPLICATION (%)

FIGURE 8 NORTH AMERICA VARIABLE FREQUENCY DRIVE MARKET, BY END-USER (%)

FIGURE 9 NORTH AMERICA VARIABLE FREQUENCY DRIVE MARKET, BY COUNTRIES (%)

FIGURE 10 EUROPE VARIABLE FREQUENCY DRIVE MARKET, BY TYPE (%)

FIGURE 11 EUROPE VARIABLE FREQUENCY DRIVE MARKET, BY APPLICATION (%)

FIGURE 12 EUROPE VARIABLE FREQUENCY DRIVE MARKET, BY END-USER (%)

FIGURE 13 ASIA-PACIFIC VARIABLE FREQUENCY DRIVE MARKET, BY TYPE (%)

FIGURE 14 ASIA-PACIFIC VARIABLE FREQUENCY DRIVE MARKET, BY APPLICATION (%)

FIGURE 15 ASIA-PACIFIC VARIABLE FREQUENCY DRIVE MARKET, BY END-USER (%)

FIGURE 16 ROW VARIABLE FREQUENCY DRIVE MARKET, BY TYPE (%)

FIGURE 17 ROW VARIABLE FREQUENCY DRIVE MARKET, BY APPLICATION (%)

FIGURE 18 ROW VARIABLE FREQUENCY DRIVE MARKET, BY END-USER (%)