ID: MRFR/E&P/1807-HCR | 135 Pages | Author: Chitranshi Jaiswal | November 2023
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 Porterโs 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 (%)
Variable Frequency Drive Market Segmentation Tab:
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:
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
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.