Variable Frequency Drive Market
Variable Frequency Drive Market - Global Industry Assessment & Forecast
#
Pages:
143
Base Year:
2022
Sep - 2024
Format:
Report Code:
VMR-1935
Segments Covered
By
Drive Type AC Drive, DC Drive, Servo Drives
-
By
Voltage Range Low Voltage, High Voltage
-
By
Application Type Standard, Regenerative
-
By
End Use Applications Pumps, Fan, Compressor, Conveyor, HVAC, Other End Uses
-
By
End Use Industry Oil & Gas, Food Processing, Automotive, Mining & Metals, Pulp & Paper, Other Industries
-
By
Region North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Snapshot
 Base Year:
|
2022 |
| Forecast
Years:
|
2023 - 2030 |
 Historical
Years:
|
2017 - 2021 |
 Revenue
2022: |
USD 20.86 Billion |
 Revenue 2030:
|
USD 29.24 Billion |
 Revenue CAGR
(2023 - 2030): |
4.30% |
Fastest Growing Region (2023 -
2030)
|
Asia Pacific |
Largest Region (2022):
|
Asia Pacific |
Customization Offered
Cross-segment Market Size and
Analysis
for Mentioned Segments- Additional Company Profiles (Upto 5
With
No Cost)
- Additional Countries (Apart From
Mentioned Countries)
- Country/Region-specific Report
- Go To Market Strategy
- Region Specific Market Dynamics
- Region Level Market Share
- Import Export Analysis
- Production Analysis
- Others Request
Customization Speak To
Analyst
Variable Frequency Drive Market Segment Analysis
- Variable Frequency Drive Drive Type Outlook (Revenue, USD Million, 2018 - 2030)
- AC Drive
- DC Drive
- Servo Drives
- Variable Frequency Drive Voltage Range Outlook (Revenue, USD Million, 2018 - 2030)
- Low Voltage
- High Voltage
- Variable Frequency Drive Application Type Outlook (Revenue, USD Million, 2018 - 2030)
- Standard
- Regenerative
- Variable Frequency Drive End Use Applications Outlook (Revenue, USD Million, 2018 - 2030)
- Pumps
- Fan
- Compressor
- Conveyor
- HVAC
- Other End Uses
- Variable Frequency Drive End Use Industry Outlook (Revenue, USD Million, 2018 - 2030)
- Oil & Gas
- Food Processing
- Automotive
- Mining & Metals
- Pulp & Paper
- Other Industries
-
Regional Outlook (Revenue, USD Billion/Million, 2018 - 2030)
- North America
-
North America Variable Frequency Drive Market, by Drive Type
- AC Drive
- DC Drive
- Servo Drives
-
North America Variable Frequency Drive Market, by Voltage Range
- Low Voltage
- High Voltage
-
North America Variable Frequency Drive Market, by Application Type
- Standard
- Regenerative
-
North America Variable Frequency Drive Market, by End Use Applications
- Pumps
- Fan
- Compressor
- Conveyor
- HVAC
- Other End Uses
-
North America Variable Frequency Drive Market, by End Use Industry
- Oil & Gas
- Food Processing
- Automotive
- Mining & Metals
- Pulp & Paper
- Other Industries
- U.S.
- U.S. Variable Frequency Drive Market, by Drive Type
- AC Drive
- DC Drive
- Servo Drives
- U.S. Variable Frequency Drive Market, by Voltage Range
- Low Voltage
- High Voltage
- U.S. Variable Frequency Drive Market, by Application Type
- Standard
- Regenerative
- U.S. Variable Frequency Drive Market, by End Use Applications
- Pumps
- Fan
- Compressor
- Conveyor
- HVAC
- Other End Uses
- U.S. Variable Frequency Drive Market, by End Use Industry
- Oil & Gas
- Food Processing
- Automotive
- Mining & Metals
- Pulp & Paper
- Other Industries
- U.S. Variable Frequency Drive Market, by Drive Type
- Canada
- Canada Variable Frequency Drive Market, by Drive Type
- AC Drive
- DC Drive
- Servo Drives
- Canada Variable Frequency Drive Market, by Voltage Range
- Low Voltage
- High Voltage
- Canada Variable Frequency Drive Market, by Application Type
- Standard
- Regenerative
- Canada Variable Frequency Drive Market, by End Use Applications
- Pumps
- Fan
- Compressor
- Conveyor
- HVAC
- Other End Uses
- Canada Variable Frequency Drive Market, by End Use Industry
- Oil & Gas
- Food Processing
- Automotive
- Mining & Metals
- Pulp & Paper
- Other Industries
- Canada Variable Frequency Drive Market, by Drive Type
-
Mexico
- Mexico Variable Frequency Drive Market, by Drive Type
- AC Drive
- DC Drive
- Servo Drives
- Mexico Variable Frequency Drive Market, by Voltage Range
- Low Voltage
- High Voltage
- Mexico Variable Frequency Drive Market, by Application Type
- Standard
- Regenerative
- Mexico Variable Frequency Drive Market, by End Use Applications
- Pumps
- Fan
- Compressor
- Conveyor
- HVAC
- Other End Uses
- Mexico Variable Frequency Drive Market, by End Use Industry
- Oil & Gas
- Food Processing
- Automotive
- Mining & Metals
- Pulp & Paper
- Other Industries
- Mexico Variable Frequency Drive Market, by Drive Type
-
North America Variable Frequency Drive Market, by Drive Type
- Europe
-
Europe Variable Frequency Drive Market, by Drive Type
- AC Drive
- DC Drive
- Servo Drives
-
Europe Variable Frequency Drive Market, by Voltage Range
- Low Voltage
- High Voltage
-
Europe Variable Frequency Drive Market, by Application Type
- Standard
- Regenerative
-
Europe Variable Frequency Drive Market, by End Use Applications
- Pumps
- Fan
- Compressor
- Conveyor
- HVAC
- Other End Uses
-
Europe Variable Frequency Drive Market, by End Use Industry
- Oil & Gas
- Food Processing
- Automotive
- Mining & Metals
- Pulp & Paper
- Other Industries
- U. K.
- U.K. Variable Frequency Drive Market, by Drive Type
- AC Drive
- DC Drive
- Servo Drives
- U.K. Variable Frequency Drive Market, by Voltage Range
- Low Voltage
- High Voltage
- U.K. Variable Frequency Drive Market, by Application Type
- Standard
- Regenerative
- U.K. Variable Frequency Drive Market, by End Use Applications
- Pumps
- Fan
- Compressor
- Conveyor
- HVAC
- Other End Uses
- U.K. Variable Frequency Drive Market, by End Use Industry
- Oil & Gas
- Food Processing
- Automotive
- Mining & Metals
- Pulp & Paper
- Other Industries
- U.K. Variable Frequency Drive Market, by Drive Type
- France
- France Variable Frequency Drive Market, by Drive Type
- AC Drive
- DC Drive
- Servo Drives
- France Variable Frequency Drive Market, by Voltage Range
- Low Voltage
- High Voltage
- France Variable Frequency Drive Market, by Application Type
- Standard
- Regenerative
- France Variable Frequency Drive Market, by End Use Applications
- Pumps
- Fan
- Compressor
- Conveyor
- HVAC
- Other End Uses
- France Variable Frequency Drive Market, by End Use Industry
- Oil & Gas
- Food Processing
- Automotive
- Mining & Metals
- Pulp & Paper
- Other Industries
- France Variable Frequency Drive Market, by Drive Type
-
Germany
- Germany Variable Frequency Drive Market, by Drive Type
- AC Drive
- DC Drive
- Servo Drives
- Germany Variable Frequency Drive Market, by Voltage Range
- Low Voltage
- High Voltage
- Germany Variable Frequency Drive Market, by Application Type
- Standard
- Regenerative
- Germany Variable Frequency Drive Market, by End Use Applications
- Pumps
- Fan
- Compressor
- Conveyor
- HVAC
- Other End Uses
- Germany Variable Frequency Drive Market, by End Use Industry
- Oil & Gas
- Food Processing
- Automotive
- Mining & Metals
- Pulp & Paper
- Other Industries
- Germany Variable Frequency Drive Market, by Drive Type
-
Italy
- Italy Variable Frequency Drive Market, by Drive Type
- AC Drive
- DC Drive
- Servo Drives
- Italy Variable Frequency Drive Market, by Voltage Range
- Low Voltage
- High Voltage
- Italy Variable Frequency Drive Market, by Application Type
- Standard
- Regenerative
- Italy Variable Frequency Drive Market, by End Use Applications
- Pumps
- Fan
- Compressor
- Conveyor
- HVAC
- Other End Uses
- Italy Variable Frequency Drive Market, by End Use Industry
- Oil & Gas
- Food Processing
- Automotive
- Mining & Metals
- Pulp & Paper
- Other Industries
- Italy Variable Frequency Drive Market, by Drive Type
-
Spain
- Spain Variable Frequency Drive Market, by Drive Type
- AC Drive
- DC Drive
- Servo Drives
- Spain Variable Frequency Drive Market, by Voltage Range
- Low Voltage
- High Voltage
- Spain Variable Frequency Drive Market, by Application Type
- Standard
- Regenerative
- Spain Variable Frequency Drive Market, by End Use Applications
- Pumps
- Fan
- Compressor
- Conveyor
- HVAC
- Other End Uses
- Spain Variable Frequency Drive Market, by End Use Industry
- Oil & Gas
- Food Processing
- Automotive
- Mining & Metals
- Pulp & Paper
- Other Industries
- Spain Variable Frequency Drive Market, by Drive Type
-
Rest of Europe
- Rest of Europe Variable Frequency Drive Market, by Drive Type
- AC Drive
- DC Drive
- Servo Drives
- Rest of Europe Variable Frequency Drive Market, by Voltage Range
- Low Voltage
- High Voltage
- Rest of Europe Variable Frequency Drive Market, by Application Type
- Standard
- Regenerative
- Rest of Europe Variable Frequency Drive Market, by End Use Applications
- Pumps
- Fan
- Compressor
- Conveyor
- HVAC
- Other End Uses
- Rest of Europe Variable Frequency Drive Market, by End Use Industry
- Oil & Gas
- Food Processing
- Automotive
- Mining & Metals
- Pulp & Paper
- Other Industries
- Rest of Europe Variable Frequency Drive Market, by Drive Type
-
Europe Variable Frequency Drive Market, by Drive Type
- Asia Pacific
-
Asia Pacific Variable Frequency Drive Market, by Drive Type
- AC Drive
- DC Drive
- Servo Drives
-
Asia Pacific Variable Frequency Drive Market, by Voltage Range
- Low Voltage
- High Voltage
-
Asia Pacific Variable Frequency Drive Market, by Application Type
- Standard
- Regenerative
-
Asia Pacific Variable Frequency Drive Market, by End Use Applications
- Pumps
- Fan
- Compressor
- Conveyor
- HVAC
- Other End Uses
-
Asia Pacific Variable Frequency Drive Market, by End Use Industry
- Oil & Gas
- Food Processing
- Automotive
- Mining & Metals
- Pulp & Paper
- Other Industries
- China
- China Variable Frequency Drive Market, by Drive Type
- AC Drive
- DC Drive
- Servo Drives
- China Variable Frequency Drive Market, by Voltage Range
- Low Voltage
- High Voltage
- China Variable Frequency Drive Market, by Application Type
- Standard
- Regenerative
- China Variable Frequency Drive Market, by End Use Applications
- Pumps
- Fan
- Compressor
- Conveyor
- HVAC
- Other End Uses
- China Variable Frequency Drive Market, by End Use Industry
- Oil & Gas
- Food Processing
- Automotive
- Mining & Metals
- Pulp & Paper
- Other Industries
- China Variable Frequency Drive Market, by Drive Type
- Japan
- Japan Variable Frequency Drive Market, by Drive Type
- AC Drive
- DC Drive
- Servo Drives
- Japan Variable Frequency Drive Market, by Voltage Range
- Low Voltage
- High Voltage
- Japan Variable Frequency Drive Market, by Application Type
- Standard
- Regenerative
- Japan Variable Frequency Drive Market, by End Use Applications
- Pumps
- Fan
- Compressor
- Conveyor
- HVAC
- Other End Uses
- Japan Variable Frequency Drive Market, by End Use Industry
- Oil & Gas
- Food Processing
- Automotive
- Mining & Metals
- Pulp & Paper
- Other Industries
- Japan Variable Frequency Drive Market, by Drive Type
-
Germany
- Germany Variable Frequency Drive Market, by Drive Type
- AC Drive
- DC Drive
- Servo Drives
- Germany Variable Frequency Drive Market, by Voltage Range
- Low Voltage
- High Voltage
- Germany Variable Frequency Drive Market, by Application Type
- Standard
- Regenerative
- Germany Variable Frequency Drive Market, by End Use Applications
- Pumps
- Fan
- Compressor
- Conveyor
- HVAC
- Other End Uses
- Germany Variable Frequency Drive Market, by End Use Industry
- Oil & Gas
- Food Processing
- Automotive
- Mining & Metals
- Pulp & Paper
- Other Industries
- Germany Variable Frequency Drive Market, by Drive Type
-
India
- India Variable Frequency Drive Market, by Drive Type
- AC Drive
- DC Drive
- Servo Drives
- India Variable Frequency Drive Market, by Voltage Range
- Low Voltage
- High Voltage
- India Variable Frequency Drive Market, by Application Type
- Standard
- Regenerative
- India Variable Frequency Drive Market, by End Use Applications
- Pumps
- Fan
- Compressor
- Conveyor
- HVAC
- Other End Uses
- India Variable Frequency Drive Market, by End Use Industry
- Oil & Gas
- Food Processing
- Automotive
- Mining & Metals
- Pulp & Paper
- Other Industries
- India Variable Frequency Drive Market, by Drive Type
-
South Korea
- South Korea Variable Frequency Drive Market, by Drive Type
- AC Drive
- DC Drive
- Servo Drives
- South Korea Variable Frequency Drive Market, by Voltage Range
- Low Voltage
- High Voltage
- South Korea Variable Frequency Drive Market, by Application Type
- Standard
- Regenerative
- South Korea Variable Frequency Drive Market, by End Use Applications
- Pumps
- Fan
- Compressor
- Conveyor
- HVAC
- Other End Uses
- South Korea Variable Frequency Drive Market, by End Use Industry
- Oil & Gas
- Food Processing
- Automotive
- Mining & Metals
- Pulp & Paper
- Other Industries
- South Korea Variable Frequency Drive Market, by Drive Type
-
South East Asia
- South East Asia Variable Frequency Drive Market, by Drive Type
- AC Drive
- DC Drive
- Servo Drives
- South East Asia Variable Frequency Drive Market, by Voltage Range
- Low Voltage
- High Voltage
- South East Asia Variable Frequency Drive Market, by Application Type
- Standard
- Regenerative
- South East Asia Variable Frequency Drive Market, by End Use Applications
- Pumps
- Fan
- Compressor
- Conveyor
- HVAC
- Other End Uses
- South East Asia Variable Frequency Drive Market, by End Use Industry
- Oil & Gas
- Food Processing
- Automotive
- Mining & Metals
- Pulp & Paper
- Other Industries
- South East Asia Variable Frequency Drive Market, by Drive Type
-
Rest of Asia Pacific
- Rest of Asia Pacific Variable Frequency Drive Market, by Drive Type
- AC Drive
- DC Drive
- Servo Drives
- Rest of Asia Pacific Variable Frequency Drive Market, by Voltage Range
- Low Voltage
- High Voltage
- Rest of Asia Pacific Variable Frequency Drive Market, by Application Type
- Standard
- Regenerative
- Rest of Asia Pacific Variable Frequency Drive Market, by End Use Applications
- Pumps
- Fan
- Compressor
- Conveyor
- HVAC
- Other End Uses
- Rest of Asia Pacific Variable Frequency Drive Market, by End Use Industry
- Oil & Gas
- Food Processing
- Automotive
- Mining & Metals
- Pulp & Paper
- Other Industries
- Rest of Asia Pacific Variable Frequency Drive Market, by Drive Type
-
Asia Pacific Variable Frequency Drive Market, by Drive Type
- Latin America
-
Latin America Variable Frequency Drive Market, by Drive Type
- AC Drive
- DC Drive
- Servo Drives
-
Latin America Variable Frequency Drive Market, by Voltage Range
- Low Voltage
- High Voltage
-
Latin America Variable Frequency Drive Market, by Application Type
- Standard
- Regenerative
-
Latin America Variable Frequency Drive Market, by End Use Applications
- Pumps
- Fan
- Compressor
- Conveyor
- HVAC
- Other End Uses
-
Latin America Variable Frequency Drive Market, by End Use Industry
- Oil & Gas
- Food Processing
- Automotive
- Mining & Metals
- Pulp & Paper
- Other Industries
- Brazil
- Brazil Variable Frequency Drive Market, by Drive Type
- AC Drive
- DC Drive
- Servo Drives
- Brazil Variable Frequency Drive Market, by Voltage Range
- Low Voltage
- High Voltage
- Brazil Variable Frequency Drive Market, by Application Type
- Standard
- Regenerative
- Brazil Variable Frequency Drive Market, by End Use Applications
- Pumps
- Fan
- Compressor
- Conveyor
- HVAC
- Other End Uses
- Brazil Variable Frequency Drive Market, by End Use Industry
- Oil & Gas
- Food Processing
- Automotive
- Mining & Metals
- Pulp & Paper
- Other Industries
- Brazil Variable Frequency Drive Market, by Drive Type
- Argentina
- Argentina Variable Frequency Drive Market, by Drive Type
- AC Drive
- DC Drive
- Servo Drives
- Argentina Variable Frequency Drive Market, by Voltage Range
- Low Voltage
- High Voltage
- Argentina Variable Frequency Drive Market, by Application Type
- Standard
- Regenerative
- Argentina Variable Frequency Drive Market, by End Use Applications
- Pumps
- Fan
- Compressor
- Conveyor
- HVAC
- Other End Uses
- Argentina Variable Frequency Drive Market, by End Use Industry
- Oil & Gas
- Food Processing
- Automotive
- Mining & Metals
- Pulp & Paper
- Other Industries
- Argentina Variable Frequency Drive Market, by Drive Type
-
Rest of Latin America
- Rest of Latin America Variable Frequency Drive Market, by Drive Type
- AC Drive
- DC Drive
- Servo Drives
- Rest of Latin America Variable Frequency Drive Market, by Voltage Range
- Low Voltage
- High Voltage
- Rest of Latin America Variable Frequency Drive Market, by Application Type
- Standard
- Regenerative
- Rest of Latin America Variable Frequency Drive Market, by End Use Applications
- Pumps
- Fan
- Compressor
- Conveyor
- HVAC
- Other End Uses
- Rest of Latin America Variable Frequency Drive Market, by End Use Industry
- Oil & Gas
- Food Processing
- Automotive
- Mining & Metals
- Pulp & Paper
- Other Industries
- Rest of Latin America Variable Frequency Drive Market, by Drive Type
-
Latin America Variable Frequency Drive Market, by Drive Type
- Middle East & Africa
-
Middle East & Africa Variable Frequency Drive Market, by Drive Type
- AC Drive
- DC Drive
- Servo Drives
-
Middle East & Africa Variable Frequency Drive Market, by Voltage Range
- Low Voltage
- High Voltage
-
Middle East & Africa Variable Frequency Drive Market, by Application Type
- Standard
- Regenerative
-
Middle East & Africa Variable Frequency Drive Market, by End Use Applications
- Pumps
- Fan
- Compressor
- Conveyor
- HVAC
- Other End Uses
-
Middle East & Africa Variable Frequency Drive Market, by End Use Industry
- Oil & Gas
- Food Processing
- Automotive
- Mining & Metals
- Pulp & Paper
- Other Industries
- GCC Countries
- GCC Countries Variable Frequency Drive Market, by Drive Type
- AC Drive
- DC Drive
- Servo Drives
- GCC Countries Variable Frequency Drive Market, by Voltage Range
- Low Voltage
- High Voltage
- GCC Countries Variable Frequency Drive Market, by Application Type
- Standard
- Regenerative
- GCC Countries Variable Frequency Drive Market, by End Use Applications
- Pumps
- Fan
- Compressor
- Conveyor
- HVAC
- Other End Uses
- GCC Countries Variable Frequency Drive Market, by End Use Industry
- Oil & Gas
- Food Processing
- Automotive
- Mining & Metals
- Pulp & Paper
- Other Industries
- GCC Countries Variable Frequency Drive Market, by Drive Type
- South Africa
- South Africa Variable Frequency Drive Market, by Drive Type
- AC Drive
- DC Drive
- Servo Drives
- South Africa Variable Frequency Drive Market, by Voltage Range
- Low Voltage
- High Voltage
- South Africa Variable Frequency Drive Market, by Application Type
- Standard
- Regenerative
- South Africa Variable Frequency Drive Market, by End Use Applications
- Pumps
- Fan
- Compressor
- Conveyor
- HVAC
- Other End Uses
- South Africa Variable Frequency Drive Market, by End Use Industry
- Oil & Gas
- Food Processing
- Automotive
- Mining & Metals
- Pulp & Paper
- Other Industries
- South Africa Variable Frequency Drive Market, by Drive Type
-
Rest of Middle East & Africa
- Rest of Middle East & Africa Variable Frequency Drive Market, by Drive Type
- AC Drive
- DC Drive
- Servo Drives
- Rest of Middle East & Africa Variable Frequency Drive Market, by Voltage Range
- Low Voltage
- High Voltage
- Rest of Middle East & Africa Variable Frequency Drive Market, by Application Type
- Standard
- Regenerative
- Rest of Middle East & Africa Variable Frequency Drive Market, by End Use Applications
- Pumps
- Fan
- Compressor
- Conveyor
- HVAC
- Other End Uses
- Rest of Middle East & Africa Variable Frequency Drive Market, by End Use Industry
- Oil & Gas
- Food Processing
- Automotive
- Mining & Metals
- Pulp & Paper
- Other Industries
- Rest of Middle East & Africa Variable Frequency Drive Market, by Drive Type
-
Middle East & Africa Variable Frequency Drive Market, by Drive Type
- North America
Vantage Market
Research | 14-Dec-2022
FAQ
Frequently Asked Question
What is the global demand for Variable Frequency Drive in terms of revenue?
-
The global Variable Frequency Drive valued at USD 20.86 Billion in 2022 and is expected to reach USD 29.24 Billion in 2030 growing at a CAGR of 4.30%.
Which are the prominent players in the market?
-
The prominent players in the market are ABB Ltd, Siemens AG, Danfoss A/S, Rockwell Automation, GE Energy Power Conversion, Toshiba International Corporation, Schneider Electric, Mitsubishi Electric Corporation, Honeywell International Inc., Emerson Industrial Automation, Fuji Electric Co. Ltd, Johnson Controls Inc., Eaton PLC, Hitachi Ltd..
At what CAGR is the market projected to grow within the forecast period?
-
The market is project to grow at a CAGR of 4.30% between 2023 and 2030.
What are the driving factors fueling the growth of the market.
-
The driving factors of the Variable Frequency Drive include
- INCREASING INDUSTRIALIZATION AND GROWING DEMAND FOR ENERGY EFFICIENCY
Which region accounted for the largest share in the market?
-
Asia Pacific was the leading regional segment of the Variable Frequency Drive in 2022.
