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India Variable Frequency Drive Market
ID: MRFR/EnP/53813-HCR
200 Pages
June 2026
India Variable Frequency Drive Market Research Report: By Type (AC, DC, Servo), By Application (Pumps, Fans, Compressor, Extruder, Others) andBy End User (Oil & Gas, Industrial, Infrastructure, Power Generation, Others)- Forecast to 2035
Industry Developments
The India Variable Frequency Drive Market has seen notable advancements and developments in recent months. In September 2023, ABB announced an expansion of its manufacturing capabilities in Pune, aiming to meet the increasing demand for energy-efficient solutions across various industries, including HVAC and manufacturing. In parallel, Siemens introduced new VFD products tailored for the Indian market, enhancing the performance of industrial automation systems. The market has witnessed growth driven by stringent energy efficiency regulations and the increasing adoption of automation in industries such as oil and gas, water, and wastewater. In the realm of mergers and acquisitions, Rockwell Automation acquired a controlling stake in a local automation firm in August 2023 to bolster its footprint in India while enhancing its portfolio in the VFD segment. Furthermore, Delta Electronics has been focusing on sustainable and energy-efficient technologies, contributing to the growing trend of green initiatives within the sector. Over the past two years, the rise in renewable energy projects and government incentives to promote energy savings have further fueled market competitiveness among key players like Schneider Electric and GE Industrial, fostering innovation and product development.
Report Scope
Report Scope:
| Report Attribute/Metric Source: | Details |
| MARKET SIZE 2018 | 1.47(USD Billion) |
| MARKET SIZE 2024 | 1.8(USD Billion) |
| MARKET SIZE 2035 | 3.2(USD Billion) |
| COMPOUND ANNUAL GROWTH RATE (CAGR) | 5.37% (2025 - 2035) |
| REPORT COVERAGE | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| BASE YEAR | 2024 |
| MARKET FORECAST PERIOD | 2025 - 2035 |
| HISTORICAL DATA | 2019 - 2024 |
| MARKET FORECAST UNITS | USD Billion |
| KEY COMPANIES PROFILED | GE Industrial, Rockwell Automation, Hitachi, Siemens, Delta Electronics, Emerson Electric, Bharat Heavy Electricals Limited, Yaskawa Electric, Schneider Electric, Mitsubishi Electric, ABB, Parker Hannifin, Honeywell, Inovance Technology, Mersen |
| SEGMENTS COVERED | Type, Application, End User |
| KEY MARKET OPPORTUNITIES | Increasing renewable energy adoption, Industrial automation growth, Energy efficiency regulations, Expanding manufacturing sector, Government infrastructure projects. |
| KEY MARKET DYNAMICS | growing industrial automation, increasing energy efficiency demand, government regulatory support, rising renewable energy integration, advancements in drive technology |
| COUNTRIES COVERED | India |
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FAQs
What is the estimated market size of the India Variable Frequency Drive Market in 2024?
The India Variable Frequency Drive Market is expected to be valued at 1.8 billion USD in 2024.
What will the market size of the India Variable Frequency Drive Market be by 2035?
The market is projected to reach 3.2 billion USD by the year 2035.
What is the expected compound annual growth rate (CAGR) for the India Variable Frequency Drive Market from 2025 to 2035?
The market is expected to grow at a CAGR of 5.37 percent during the forecast period from 2025 to 2035.
Which type of variable frequency drives is expected to dominate the market in 2024?
The AC variable frequency drives are expected to dominate the market with a value of 0.9 billion USD in 2024.
What is the anticipated value of the DC variable frequency drives segment in 2035?
The DC variable frequency drives segment is expected to be valued at 0.9 billion USD by 2035.
Who are the major players in the India Variable Frequency Drive Market?
Key players include GE Industrial, Rockwell Automation, Hitachi, Siemens, and Delta Electronics among others.
What is the market value of the servo variable frequency drives in 2024?
The servo variable frequency drives are projected to have a market value of 0.4 billion USD in 2024.
What growth opportunities exist for the India Variable Frequency Drive Market?
Emerging trends in automation and energy efficiency present significant growth opportunities for the market.
How does the current global scenario impact the India Variable Frequency Drive Market?
The current global scenario may create uncertainties, yet the demand for energy-efficient systems continues to drive market resilience.
What will be the value of the AC variable frequency drives segment in 2035?
The AC variable frequency drives segment is expected to grow to 1.5 billion USD by 2035.
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