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Variable Frequency Drive Market Research Report Information By Type (AC, DC, Servo), By Application (Pumps, Fans, Compressor, Extruder, Others), By End User (Oil & Gas, Industrial, Infrastructure, Power Generation, Others) And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) –Market Forecast Till 2032


ID: MRFR/E&P/1807-HCR | 135 Pages | Author: Chitranshi Jaiswal| May 2025

Variable Frequency Drive Market Segmentation


Variable Frequency Drive Type Outlook (USD Billion, 2019-2032)




  • AC




  • DC




  • Servo




Variable Frequency Drive Application Outlook (USD Billion, 2019-2032)




  • Pumps




  • Fans




  • Compressor




  • Extruder




  • Others




Variable Frequency Drive End User Outlook (USD Billion, 2019-2032)




  • Oil & Gas




  • Industrial




  • Infrastructure




  • Power Generation




  • Others




Variable Frequency Drive Regional Outlook (USD Billion, 2019-2032)




  • North America Outlook (USD Billion, 2019-2032)




    • North America Variable Frequency Drive by Type




      • AC




      • DC




      • Servo






    • North America Variable Frequency Drive by Application




      • Pumps




      • Fans




      • Compressor




      • Extruder




      • Others






    • North America Variable Frequency Drive by End User












      • Oil & Gas




      • Industrial




      • Infrastructure




      • Power Generation




      • Others











    • US Outlook (USD Billion, 2019-2032)




    • US Variable Frequency Drive by Type




      • AC




      • DC




      • Servo






    • US Variable Frequency Drive by Application




      • Pumps




      • Fans




      • Compressor




      • Extruder




      • Others






    • US Variable Frequency Drive by End User











      • Oil & Gas




      • Industrial




      • Infrastructure




      • Power Generation




      • Others











    • CANADA Outlook (USD Billion, 2019-2032)




    • CANADA Variable Frequency Drive by Type




      • AC




      • DC




      • Servo






    • CANADA Variable Frequency Drive by Application




      • Pumps




      • Fans




      • Compressor




      • Extruder




      • Others






    • CANADA Variable Frequency Drive by End User











      • Oil & Gas




      • Industrial




      • Infrastructure




      • Power Generation




      • Others










  • EuropeOutlook (USD Billion, 2019-2032)




    • Europe Variable Frequency Drive by Type




      • AC




      • DC




      • Servo






    • Europe Variable Frequency Drive by Application




      • Pumps




      • Fans




      • Compressor




      • Extruder




      • Others






    • Europe Variable Frequency Drive by End User












      • Oil & Gas




      • Industrial




      • Infrastructure




      • Power Generation




      • Others











    • Germany Outlook (USD Billion, 2019-2032)




    • Germany Variable Frequency Drive by Type




      • AC




      • DC




      • Servo






    • Germany Variable Frequency Drive by Application




      • Pumps




      • Fans




      • Compressor




      • Extruder




      • Others






    • Germany Variable Frequency Drive by End User











      • Oil & Gas




      • Industrial




      • Infrastructure




      • Power Generation




      • Others











    • FranceOutlook (USD Billion, 2019-2032)




    • France Variable Frequency Drive by Type




      • AC




      • DC




      • Servo






    • France Variable Frequency Drive by Application




      • Pumps




      • Fans




      • Compressor




      • Extruder




      • Others






    • France Variable Frequency Drive by End User











      • Oil & Gas




      • Industrial




      • Infrastructure




      • Power Generation




      • Others











    • UK Outlook (USD Billion, 2019-2032)




    • UK Variable Frequency Drive by Type




      • AC




      • DC




      • Servo






    • UK Variable Frequency Drive by Application




      • Pumps




      • Fans




      • Compressor




      • Extruder




      • Others






    • UK Variable Frequency Drive by End User











      • Oil & Gas




      • Industrial




      • Infrastructure




      • Power Generation




      • Others











    • ITALY Outlook (USD Billion, 2019-2032)




    • ITALY Variable Frequency Drive by Type




      • AC




      • DC




      • Servo






    • ITALY Variable Frequency Drive by Application




      • Pumps




      • Fans




      • Compressor




      • Extruder




      • Others






    • ITALY Variable Frequency Drive by End User











      • Oil & Gas




      • Industrial




      • Infrastructure




      • Power Generation




      • Others











    • SPAIN Outlook (USD Billion, 2019-2032)




    • Spain Variable Frequency Drive by Type




      • AC




      • DC




      • Servo






    • Spain Variable Frequency Drive by Application




      • Pumps




      • Fans




      • Compressor




      • Extruder




      • Others






    • Spain Variable Frequency Drive by End User











      • Oil & Gas




      • Industrial




      • Infrastructure




      • Power Generation




      • Others












    • Rest Of Europe Outlook (USD Billion, 2019-2032)




    • Rest Of Europe Variable Frequency Drive by Type




      • AC




      • DC




      • Servo






    • REST OF EUROPE Variable Frequency Drive by Application




      • Pumps




      • Fans




      • Compressor




      • Extruder




      • Others






    • Rest Of Europe Variable Frequency Drive by End User












      • Oil & Gas




      • Industrial




      • Infrastructure




      • Power Generation




      • Others










  • Asia-Pacific Outlook (USD Billion, 2019-2032)




    • Asia-Pacific Variable Frequency Drive by Type




      • AC




      • DC




      • Servo






    • Asia-Pacific Variable Frequency Drive by Application




      • Pumps




      • Fans




      • Compressor




      • Extruder




      • Others






    • Asia-Pacific Variable Frequency Drive by End User












      • Oil & Gas




      • Industrial




      • Infrastructure




      • Power Generation




      • Others











    • China Outlook (USD Billion, 2019-2032)




    • China Variable Frequency Drive by Type




      • AC




      • DC




      • Servo






    • China Variable Frequency Drive by Application




      • Pumps




      • Fans




      • Compressor




      • Extruder




      • Others






    • China Variable Frequency Drive by End User











      • Oil & Gas




      • Industrial




      • Infrastructure




      • Power Generation




      • Others











    • Japan Outlook (USD Billion, 2019-2032)




    • Japan Variable Frequency Drive by Type




      • AC




      • DC




      • Servo






    • Japan Variable Frequency Drive by Application




      • Pumps




      • Fans




      • Compressor




      • Extruder




      • Others






    • Japan Variable Frequency Drive by End User











      • Oil & Gas




      • Industrial




      • Infrastructure




      • Power Generation




      • Others











    • India Outlook (USD Billion, 2019-2032)




    • India Variable Frequency Drive by Type




      • AC




      • DC




      • Servo






    • India Variable Frequency Drive by Application




      • Pumps




      • Fans




      • Compressor




      • Extruder




      • Others






    • India Variable Frequency Drive by End User











      • Oil & Gas




      • Industrial




      • Infrastructure




      • Power Generation




      • Others











    • Australia Outlook (USD Billion, 2019-2032)




    • Australia Variable Frequency Drive by Type




      • AC




      • DC




      • Servo






    • Australia Variable Frequency Drive by Application




      • Pumps




      • Fans




      • Compressor




      • Extruder




      • Others






    • Australia Variable Frequency Drive by End User











      • Oil & Gas




      • Industrial




      • Infrastructure




      • Power Generation




      • Others











    • Rest of Asia-Pacific Outlook (USD Billion, 2019-2032)




    • Rest of Asia-Pacific Variable Frequency Drive by Type




      • AC




      • DC




      • Servo






    • Rest of Asia-Pacific Variable Frequency Drive by Application




      • Pumps




      • Fans




      • Compressor




      • Extruder




      • Others






    • Rest of Asia-Pacific Variable Frequency Drive by End User











      • Oil & Gas




      • Industrial




      • Infrastructure




      • Power Generation




      • Others










  • Rest of the World Outlook (USD Billion, 2019-2032)




    • Rest of the World Variable Frequency Drive by Type




      • AC




      • DC




      • Servo






    • Rest of the World Variable Frequency Drive by Application




      • Pumps




      • Fans




      • Compressor




      • Extruder




      • Others






    • Rest of the World Variable Frequency Drive by End User












      • Oil & Gas




      • Industrial




      • Infrastructure




      • Power Generation




      • Others











    • Middle East Outlook (USD Billion, 2019-2032)




    • Middle East Variable Frequency Drive by Type




      • AC




      • DC




      • Servo






    • Middle East Variable Frequency Drive by Application




      • Pumps




      • Fans




      • Compressor




      • Extruder




      • Others






    • Middle East Variable Frequency Drive by End User











      • Oil & Gas




      • Industrial




      • Infrastructure




      • Power Generation




      • Others











    • Africa Outlook (USD Billion, 2019-2032)




    • Africa Variable Frequency Drive by Type




      • AC




      • DC




      • Servo






    • Africa Variable Frequency Drive by Application




      • Pumps




      • Fans




      • Compressor




      • Extruder




      • Others






    • Africa Variable Frequency Drive by End User











      • Oil & Gas




      • Industrial




      • Infrastructure




      • Power Generation




      • Others











    • Latin America Outlook (USD Billion, 2019-2032)




    • Latin America Variable Frequency Drive by Type




      • AC




      • DC




      • Servo






    • Latin America Variable Frequency Drive by Application




      • Pumps




      • Fans




      • Compressor




      • Extruder




      • Others






    • Latin America Variable Frequency Drive by End User











      • Oil & Gas




      • Industrial




      • Infrastructure




      • Power Generation




      • Others







Research Methodology on Variable Frequency Drive Market


Introduction


Research methodology is the approach taken, by the researchers, for completing a planned research. The methodology points to the choice of general and specific methods used by the researcher while aiding the research process. Market Research Future (MRFR) is a market intelligence company that provides in-depth information about the global Variable Frequency Drive (VFD) market. The report that is discussed in this report studies the current and future perspectives of the VFD market.


For a detailed understanding of the Global Variable Frequency Drive Market, MRFR adopted a healthy combination of secondary and primary research. The research involved collecting data from a wide variety of sources such as company annual reports, industry white papers, and interviews conducted with industry professionals and technical experts in the Variable Frequency Drive industry. These professionals and experts provided an in-depth perspective to the report and provided information on the current market conditions and future market trends.


Objectives of the Report


The report aimed to achieve the following objectives:



  • To identify and analyze the global Variable Frequency Drive market, by type, power rating, application, end-use industry, and region.

  • To analyze the market potential for VFTs in terms of value and volume.

  • To estimate the market size for VFTs for the five key regions, namely, North America, Europe, Asia-Pacific (APAC), Middle East & Africa (MEA), and South America (SAM).

  • To provide company profiles of the major players in the Variable Frequency Drive market


Research Design


The research design for this report comprises both primary and secondary research.


Primary Research


The primary research was conducted to collect data from individuals and companies in the Variable Frequency Drive market that included industry experts, key opinion leaders, suppliers, resellers, and vendors. Primary research activities included face-to-face and online surveys, interviews, and personal visits.


Secondary Research


Secondary research was conducted to understand the existing market trends and to identify the potential opportunities and challenges in the market. Secondary research sources included periodicals, paid resources, brochures, and industry databases. The secondary sources, together with other primary research sources, enabled the researchers to gain a 360-degree perspective of the market.


Market Taxonomy


By Type



  • AC Variable Frequency Drives

  • DC Variable Frequency Drives

  • Servo Variable Frequency Drives

  • By Power Rating

  • Less than 3 kW

  • Between 3 – 15 kW

  • Between 15 – 300 kW

  • Above 300 kW

  • By Application

  • Pumping

  • Compressing

  • Heating

  • Cooling

  • Ventilation

  • Others

  • By End-use Industry

  • Oil & Gas

  • Water & Wastewater

  • Food & Beverages

  • Buildings & Commercial Spaces

  • Automotive & Transportation

  • Others

  • By Region

  • North America

  • Europe

  • Asia Pacific

  • Middle East & Africa

  • South America


Data Collection Approach


To generate reliable and trustworthy insights into the Global Variable Frequency Drive Market, MRFR adopted a combination of primary and secondary research.


The secondary data mainly included official company websites, industry journals, whitepapers, press releases, and investor presentations. The primary research activities included interviews with industry experts, key opinion leaders, industry players, and domain experts. The robust primary and secondary research focused on facts and figures applicable to the overall VFD market.


The data collected from the research was exhaustively analyzed using various research techniques based on market segmentation. The analysts examined the collected data to gain meaningful insights into the global Variable Frequency Drive Market. The key findings from the research have been included in the report, which focuses on landmark developments in the industry.


Analysis Methodology


The market analysis was conducted using a combination of top-down and bottom-up approaches. The top-down approach was used to understand the overall market size and the bottom-up approach was used by the team to assess the individual market size across different segments, regions, and end-use industries.


The analysts at MRFR leveraged top-tier technology tools to analyze the global Variable Frequency Drive market. The statistical analysis focused on forecasting the competitive landscape of the market from 2023 to 2030. After analyzing the primary and secondary data, market trends and developments were identified. The findings were further validated by analysts in the field to obtain better market insights.


Data Validation


The data validation process was primarily conducted using a triangulation method. The data validation process involved using various sources, including experts and key opinion leaders, to validate the collected data. The validation process involved a comparison of the triangulated data with the primary and secondary data.


The research process also included a comparative analysis of the historical data to validate and assess key drivers and restraints. The team of analysts also utilizes statistical and mathematical models to generate reliable and accurate insights that can help investors to make well-informed decisions.


Assumptions


MRFR assumed certain parameters during the research process. The projected CAGR was considered a probable average annual growth rate that can be achieved by the market during the forecast period. The report also assumed primary and secondary research to be based on unbiased and accurate data.

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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 (%)

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Variable Frequency Drive Market To Achieve A 5.8% CAGR Over The Forecast Period
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