Variable Frequency Drive Market Size, Share & Trends Analysis Report By Product (AC, DC, Servo), By Power Range (Micro, Low, Medium, High), By Application, By End Use, By Region, And Segment Forecasts, 2020 - 2027

Variable Frequency Drive Market Size, Share & Trends Analysis Report By Product (AC, DC, Servo), By Power Range (Micro, Low, Medium, High), By Application, By End Use, By Region, And Segment Forecasts, 2020 - 2027

The global variable frequency drive market size is estimated to reach USD 37.4 billion by 2027, expanding at a CAGR of 6.5% over the forecast period, according to a study conducted by Grand View Research, Inc. Increasing technological advancements in the emerging economies and growing awareness and demand for energy efficiency are anticipated to be the key driving factors for the variable frequency drive (VFD) market over the forecast period. Besides, ongoing investment to spread awareness about energy efficiency is also expected to act as a significant driving factor. For instance, according to the International Energy Agency (IEA), the total investment in energy efficiency amounted to USD 240 billion across transport, buildings, and industry sectors.

Integration of VFDs with electric drives allows end-users to control the torque and speed, thereby increasing their operating efficiency and reducing energy consumption. Thus, increased use of variable frequency drives across major industries such as oil and gas, power generation, food and beverages, and automotive is also expected to boost the market growth. Additionally, increasing energy prices is also leading to the deployment of VFDs across multiple industries.

The Asia Pacific market is estimated to hold a dominant share owing to rapid advancement of infrastructure, increasing demand for greater power efficiency, and high degree of industrial growth. Emerging economies such as India, Japan, and China are expected to be the major contributors in the VFD market growth, owing to enormous investment in the manufacturing industries by the government of these countries to support their economic growth.

The VFD market is highly dynamic owing to the presence of public as well as private companies. The companies are investing in research and development to develop advanced technology products to withstand the competition in the market. For instance, in March 2019, ABB announced the launch of an all-compatible ACS6080 MV drive for high-performance applications, which enables plants to produce higher quality output and operate more efficiently.

Further key findings from the study suggest:

  • The AC drives segment held a dominant share of 68.1% in 2019 owing to their reduced levels of vibrations and noise, low maintenance cost, and easy integration
  • The medium power range segment is projected to register the highest CAGR of 6.8% over the forecast period owing to growing demand from oil and gas, chemical, marine, and power sectors
  • The HVAC application segment is estimated to expand at a significant CAGR over the forecast period owing to growing number of HVAC systems in residential as well as commercial buildings
  • The oil and gas segment dominated the variable frequency drives market in 2019 and is expected to reach USD 1.8 billion by 2027. Increasing integration of VFDs in the heavy power motor-driven pumps and pumping systems is anticipated to support the segment growth
  • The Latin America regional market is estimated to register the highest CAGR of 7.2% from 2020 to 2027 owing to increasing industrialization in emerging economies such as Brazil and Mexico
  • The key industry competitors include ABB; Siemens AG; Schneider Electric; Rockwell Automation, Inc.; and Eaton.
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Chapter 1 Methodology and Scope
1.1 Market Segmentation and Scope
1.2 Market Definition
1.3 Information Procurement
1.3.1 Purchased databse
1.3.2 GVR internal databse
1.4 Research Methodology
1.5 Research Scope and Assumptions
1.6 Region/Country-Wise Market Calculation
1.6.1 Region/country-wise market: Base estimates
1.6.2 Region/country-wise market: CAGR calculation
1.6.3 Region/country-wise market: Segment share calculation
1.7 List of Primary Sources
1.8 List of Secondary Sources
1.9 List of Abbreviations
Chapter 2 Executive Summary
Chapter 3 VFD Industry Outlook
3.1 Market Lineage Outlook
3.2 VFD Market: Value Chain Analysis
3.3 VFD Market: Market Dynamics
3.3.1 Market driver analysis
3.3.2 Market restraint analysis
3.4 Penetration and Growth Prospect Mapping
3.5 VFD Market: Key Company Analysis, 2019
3.6 VFD Market Analysis Tools
3.6.1 Porter's analysis
3.6.2 PEST analysis
Chapter 4 VFD Market: Product Type Estimates and Trend Analysis
4.1 VFD Market: Product Type Movement Analysis
4.1.1 AC drives market, 2016 - 2027 (USD Million)
4.1.2 DC drives market, 2016 - 2027 (USD Million)
4.1.3 Servo drives market, 2016 - 2027 (USD Million)
Chapter 5 VFD Market: Power Range Estimates and Trend Analysis
5.1 VFD Market: Power Range Movement Analysis
5.1.1 Micro market, 2016 - 2027 (USD Million)
5.1.2 Low market, 2016 - 2027 (USD Million)
5.1.3 Medium market, 2016 - 2027 (USD Million)
5.1.4 High market, 2016 - 2027 (USD Million)
Chapter 6 VFD Market: Application Estimates and Trend Analysis
6.1 VFD Market: Application Movement Analysis
6.1.1 Pumps market, 2016 - 2027 (USD Million)
6.1.2 Electric fans market, 2016 - 2027 (USD Million)
6.1.3 Conveyors market, 2016 - 2027 (USD Million)
6.1.4 HVAC market, 2016 - 2027 (USD Million)
6.1.5 Extruders market, 2016 - 2027 (USD Million)
6.1.6 Others market, 2016 - 2027 (USD Million)
Chapter 7 VFD Market: End-Use Estimates and Trend Analysis
7.1 VFD Market: End-Use Movement Analysis
7.1.1 Oil & gas market, 2016 - 2027 (USD Million)
7.1.2 Power generation market, 2016 - 2027 (USD Million)
7.1.3 Industrial market, 2016 - 2027 (USD Million)
7.1.4 Infrastructure market, 2016 - 2027 (USD Million)
7.1.5 Automotive market, 2016 - 2027 (USD Million)
7.1.6 Food & beverages market, 2016 - 2027 (USD Million)
7.1.7 Others market, 2016 - 2027 (USD Million)
Chapter 8 VFD Market: Regional Estimates and Trend Analysis
8.1 North America
8.1.1 North America VFD market, by product type 2016 - 2027 (USD Million)
8.1.2 North America VFD market, by power range 2016 - 2027 (USD Million)
8.1.3 North America VFD market, by application 2016 - 2027 (USD Million)
8.1.4 North America VFD market, by end-use 2016 - 2027 (USD Million)
8.1.5 U.S.
8.1.5.1 U.S. VFD market, by product type 2016 - 2027 (USD Million)
8.1.5.2 U.S. VFD market, by power range 2016 - 2027 (USD Million)
8.1.5.3 U.S. VFD market, by application 2016 - 2027 (USD Million)
8.1.5.4 U.S. VFD market, by end-use 2016 - 2027 (USD Million)
8.1.6 Canada
8.1.6.1 Canada VFD market, by product type 2016 - 2027 (USD Million)
8.1.6.2 Canada VFD market, by power range 2016 - 2027 (USD Million)
8.1.6.3 Canada VFD market, by application 2016 - 2027 (USD Million)
8.1.6.4 Canada VFD market, by end-use 2016 - 2027 (USD Million)
8.2 Europe
8.2.1 Europe VFD market, by product type 2016 - 2027 (USD Million)
8.2.2 Europe VFD market, by power range 2016 - 2027 (USD Million)
8.2.3 Europe VFD market, by application 2016 - 2027 (USD Million)
8.2.4 Europe VFD market, by end-use 2016 - 2027 (USD Million)
8.2.5 Germany
8.2.5.1 Germany VFD market, by product type 2016 - 2027 (USD Million)
8.2.5.2 Germany VFD market, by power range 2016 - 2027 (USD Million)
8.2.5.3 Germany VFD market, by application 2016 - 2027 (USD Million)
8.2.5.4 Germany VFD market, by end-use 2016 - 2027 (USD Million)
8.2.6 U.K.
8.2.6.1 U.K. VFD market, by product type 2016 - 2027 (USD Million)
8.2.6.2 U.K. VFD market, by power range 2016 - 2027 (USD Million)
8.2.6.3 U.K. VFD market, by application 2016 - 2027 (USD Million)
8.2.6.4 U.K. VFD market, by end-use 2016 - 2027 (USD Million)
8.3 Asia Pacific
8.3.1 Asia Pacific VFD market, by product type 2016 - 2027 (USD Million)
8.3.2 Asia Pacific VFD market, by power range 2016 - 2027 (USD Million)
8.3.3 Asia Pacific VFD market, by application 2016 - 2027 (USD Million)
8.3.4 Asia Pacific VFD market, by end-use 2016 - 2027 (USD Million)
8.3.5 China
8.3.5.1 China VFD market, by product type 2016 - 2027 (USD Million)
8.3.5.2 China VFD market, by power range 2016 - 2027 (USD Million)
8.3.5.3 China VFD market, by application 2016 - 2027 (USD Million)
8.3.5.4 China VFD market, by end-use 2016 - 2027 (USD Million)
8.3.6 Japan
8.3.6.1 Japan VFD market, by product type 2016 - 2027 (USD Million)
8.3.6.2 Japan VFD market, by power range 2016 - 2027 (USD Million)
8.3.6.3 Japan VFD market, by application 2016 - 2027 (USD Million)
8.3.6.4 Japan VFD market, by end-use 2016 - 2027 (USD Million)
8.3.7 India
8.3.7.1 India VFD market, by product type 2016 - 2027 (USD Million)
8.3.7.2 India VFD market, by power range 2016 - 2027 (USD Million)
8.3.7.3 India VFD market, by application 2016 - 2027 (USD Million)
8.3.7.4 India VFD market, by end-use 2016 - 2027 (USD Million)
8.3.8 South Korea
8.3.8.1 South Korea VFD market, by product type 2016 - 2027 (USD Million)
8.3.8.2 South Korea VFD market, by power range 2016 - 2027 (USD Million)
8.3.8.3 South Korea VFD market, by application 2016 - 2027 (USD Million)
8.3.8.4 South Korea VFD market, by end-use 2016 - 2027 (USD Million)
8.4 Latin America
8.4.1 Latin America VFD market, by product type 2016 - 2027 (USD Million)
8.4.2 Latin America VFD market, by power range 2016 - 2027 (USD Million)
8.4.3 Latin America VFD market, by application 2016 - 2027 (USD Million)
8.4.4 Latin America VFD market, by end-use 2016 - 2027 (USD Million)
8.4.5 Brazil
8.4.5.1 Brazil VFD market, by product type 2016 - 2027 (USD Million)
8.4.5.2 Brazil VFD market, by power range 2016 - 2027 (USD Million)
8.4.5.3 Brazil VFD market, by application 2016 - 2027 (USD Million)
8.4.5.4 Brazil VFD market, by end-use 2016 - 2027 (USD Million)
8.4.6 Mexico
8.4.6.1 Mexico VFD market, by product type 2016 - 2027 (USD Million)
8.4.6.2 Mexico VFD market, by power range 2016 - 2027 (USD Million)
8.4.6.3 Mexico VFD market, by application 2016 - 2027 (USD Million)
8.4.6.4 Mexico VFD market, by end-use 2016 - 2027 (USD Million)
8.5 MEA
8.5.1 MEA VFD market, by product type 2016 - 2027 (USD Million)
8.5.2 MEA VFD market, by power range 2016 - 2027 (USD Million)
8.5.3 MEA VFD market, by application 2016 - 2027 (USD Million)
8.5.4 MEA VFD market, by end-use 2016 - 2027 (USD Million)
Chapter 9 Competitive Landscape
9.1 ABB
9.1.1 Company Overview
9.1.2 Financial Performance
9.1.3 Product Benchmarking
9.1.4 Strategic Initiatives
9.2 General Electric
9.2.1 Company Overview
9.2.2 Financial Performance
9.2.3 Product Benchmarking
9.2.4 Strategic Initiatives
9.3 Hitachi, Ltd.
9.3.1 Company Overview
9.3.2 Financial Performance
9.3.3 Product Benchmarking
9.3.4 Strategic Initiatives
9.4 Schneider Electric
9.4.1 Company Overview
9.4.2 Financial Performance
9.4.3 Product Benchmarking
9.4.4 Strategic Initiatives
9.5 Siemens AG
9.5.1 Company Overview
9.5.2 Financial Performance
9.5.3 Product Benchmarking
9.5.4 Strategic Initiatives
9.6 Eaton Corporation
9.6.1 Company Overview
9.6.2 Financial Performance
9.6.3 Product Benchmarking
9.6.4 Strategic Initiatives
9.7 Rockwell Automation, Inc.
9.7.1 Company Overview
9.7.2 Financial Performance
9.7.3 Product Benchmarking
9.7.4 Strategic Initiatives
9.8 Yaskawa Electric Corporation
9.8.1 Company Overview
9.8.2 Financial Performance
9.8.3 Product Benchmarking
9.8.4 Strategic Initiatives
9.9 The Danfoss Group
9.9.1 Company Overview
9.9.2 Financial Performance
9.9.3 Product Benchmarking
9.9.4 Strategic Initiatives
9.10 WEG S.A.
9.10.1 Company Overview
9.10.2 Financial Performance
9.10.3 Product Benchmarking
9.10.4 Strategic Initiatives
List of Tables
TABLE 1 List of secondary sources
TABLE 2 North America physiotherapy equipment market, by country, 2016 - 2027 (USD Million)
TABLE 3 North America physiotherapy equipment market, by application, 2016 - 2027 (USD Million)
TABLE 4 North America physiotherapy equipment market, by type, 2016 - 2027 (USD Million)
TABLE 5 North America physiotherapy equipment market, by demographics, 2016 - 2027 (USD Million)
TABLE 6 North America physiotherapy equipment market, by end use, 2016 - 2027 (USD Million)
TABLE 7 U.S. physiotherapy equipment market, by application, 2016 - 2027 (USD Million)
TABLE 8 U.S. physiotherapy equipment market, by type, 2016 - 2027 (USD Million)
TABLE 9 U.S. physiotherapy equipment market, by demographics, 2016 - 2027 (USD Million)
TABLE 10 U.S. physiotherapy equipment market, by end use, 2016 - 2027 (USD Million)
TABLE 11 Canada physiotherapy equipment market, by application, 2016 - 2027 (USD Million)
TABLE 12 Canada physiotherapy equipment market, by type, 2016 - 2027 (USD Million)
TABLE 13 Canada physiotherapy equipment market, by demographics, 2016 - 2027 (USD Million)
TABLE 14 Canada physiotherapy equipment market, by end use, 2016 - 2027 (USD Million)
TABLE 15 Europe physiotherapy equipment market, by country, 2016 - 2027 (USD Million)
TABLE 16 Europe physiotherapy equipment market, by application, 2016 - 2027 (USD Million)
TABLE 17 Europe physiotherapy equipment market, by type, 2016 - 2027 (USD Million)
TABLE 18 Europe physiotherapy equipment market, by demographics, 2016 - 2027 (USD Million)
TABLE 19 Europe physiotherapy equipment market, by end use, 2016 - 2027 (USD Million)
TABLE 20 U.K. physiotherapy equipment market, by application, 2016 - 2027 (USD Million)
TABLE 21 U.K. physiotherapy equipment market, by type, 2016 - 2027 (USD Million)
TABLE 22 U.K. physiotherapy equipment market, by demographics, 2016 - 2027 (USD Million)
TABLE 23 U.K. physiotherapy equipment market, by end use, 2016 - 2027 (USD Million)
TABLE 24 Germany physiotherapy equipment market, by application, 2016 - 2027 (USD Million)
TABLE 25 Germany physiotherapy equipment market, by type, 2016 - 2027 (USD Million)
TABLE 26 Germany physiotherapy equipment market, by demographics, 2016 - 2027 (USD Million)
TABLE 27 Germany physiotherapy equipment market, by end use, 2016 - 2027 (USD Million)
TABLE 28 France physiotherapy equipment market, by application, 2016 - 2027 (USD Million)
TABLE 29 France physiotherapy equipment market, by type, 2016 - 2027 (USD Million)
TABLE 30 France physiotherapy equipment market, by demographics, 2016 - 2027 (USD Million)
TABLE 31 France physiotherapy equipment market, by end use, 2016 - 2027 (USD Million)
TABLE 32 Asia Pacific physiotherapy equipment market, by country, 2016 - 2027 (USD Million)
TABLE 33 Asia Pacific physiotherapy equipment market, by application, 2016 - 2027 (USD Million)
TABLE 34 Asia Pacific physiotherapy equipment market, by type, 2016 - 2027 (USD Million)
TABLE 35 Asia Pacific physiotherapy equipment market, by demographics, 2016 - 2027 (USD Million)
TABLE 36 Asia Pacific physiotherapy equipment market, by end use, 2016 - 2027 (USD Million)
TABLE 37 Japan physiotherapy equipment market, by application, 2016 - 2027 (USD Million)
TABLE 38 Japan physiotherapy equipment market, by type, 2016 - 2027 (USD Million)
TABLE 39 Japan physiotherapy equipment market, by demographics, 2016 - 2027 (USD Million)
TABLE 40 Japan physiotherapy equipment market, by end use, 2016 - 2027 (USD Million)
TABLE 41 China physiotherapy equipment market, by application, 2016 - 2027 (USD Million)
TABLE 42 China physiotherapy equipment market, by type, 2016 - 2027 (USD Million)
TABLE 43 China physiotherapy equipment market, by demographics, 2016 - 2027 (USD Million)
TABLE 44 China physiotherapy equipment market, by end use, 2016 - 2027 (USD Million)
TABLE 45 India physiotherapy equipment market, by application, 2016 - 2027 (USD Million)
TABLE 46 India physiotherapy equipment market, by type, 2016 - 2027 (USD Million)
TABLE 47 India physiotherapy equipment market, by demographics, 2016 - 2027 (USD Million)
TABLE 48 India physiotherapy equipment market, by end use, 2016 - 2027 (USD Million)
TABLE 49 Latin America physiotherapy equipment market, by country, 2016 - 2027 (USD Million)
TABLE 50 Latin America physiotherapy equipment market, by application, 2016 - 2027 (USD Million)
TABLE 51 Latin America physiotherapy equipment market, by type, 2016 - 2027 (USD Million)
TABLE 52 Latin America physiotherapy equipment market, by demographics, 2016 - 2027 (USD Million)
TABLE 53 Latin America physiotherapy equipment market, by end use, 2016 - 2027 (USD Million)
TABLE 54 Brazil physiotherapy equipment market, by application, 2016 - 2027 (USD Million)
TABLE 55 Brazil physiotherapy equipment market, by type, 2016 - 2027 (USD Million)
TABLE 56 Brazil physiotherapy equipment market, by demographics, 2016 - 2027 (USD Million)
TABLE 57 Brazil physiotherapy equipment market, by end use, 2016 - 2027 (USD Million)
TABLE 58 Mexico physiotherapy equipment market, by application, 2016 - 2027 (USD Million)
TABLE 59 Mexico physiotherapy equipment market, by type, 2016 - 2027 (USD Million)
TABLE 60 Mexico physiotherapy equipment market, by demographics, 2016 - 2027 (USD Million)
TABLE 61 Mexico physiotherapy equipment market, by end use, 2016 - 2027 (USD Million)
TABLE 62 MEA physiotherapy equipment market, by country, 2016 - 2027 (USD Million)
TABLE 63 MEA physiotherapy equipment market, by application, 2016 - 2027 (USD Million)
TABLE 64 MEA physiotherapy equipment market, by type, 2016 - 2027 (USD Million)
TABLE 65 MEA physiotherapy equipment market, by demographics, 2016 - 2027 (USD Million)
TABLE 66 MEA physiotherapy equipment market, by end use, 2016 - 2027 (USD Million)
TABLE 67 South Africa physiotherapy equipment market, by application, 2016 - 2027 (USD Million)
TABLE 68 South Africa physiotherapy equipment market, by type, 2016 - 2027 (USD Million)
TABLE 69 South Africa physiotherapy equipment market, by demographics, 2016 - 2027 (USD Million)
TABLE 70 South Africa physiotherapy equipment market, by end use, 2016 - 2027 (USD Million)
List of Figures
Fig. 1 Market research process
Fig. 2 Information procurement
Fig. 3 Market outlook
Fig. 4 Segment outlook
Fig. 5 Penetration and growth prospect mapping
Fig. 6 VFD market: Value chain analysis
Fig. 7 VFD market: PORTER’s analysis
Fig. 8 PEST analysis
Fig. 9 VFD Market: Competition Dashboard
Fig. 10 Key Company Analysis, 2019
Fig. 11 VFD market: Product Type analysis
Fig. 12 VFD market: Power range analysis
Fig. 13 VFD market: Application analysis
Fig. 14 VFD market: End-use analysis
Fig. 15 VFD market: Regional analysis
Fig. 16 North America VFD market - Key takeaways
Fig. 17 Europe VFD market - Key takeaways
Fig. 18 Asia Pacific VFD market - Key takeaways
Fig. 19 Latin America VFD market - Key takeaways
Fig. 20 MEA VFD market - Key takeaways

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