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Global Variable Frequency Drives Market 2017-2021

About Variable Frequency Drives

Variable frequency drive is a device used for controlling the frequency and voltage that is supplied to the motor, based on the application need and requirements. Variable frequency drives provide motion control and reduce the power use, as they regulate the motors and supply only the required voltage, thereby reducing power consumption. The global variable frequency drives market is segmented into the following power ratings: less than 1000 kW and greater than 1000 kW.

Technavio’s analysts forecast the global variable frequency drives market to grow at a CAGR of 5.23% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global variable frequency drives market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Variable Frequency Drives Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • ABB
  • Danfoos
  • Rockwell Automation
  • Siemens
  • Schneider Electric
Other prominent vendors
  • Eaton
  • Emerson
  • Fuji Electric
  • General Electric
  • Hitachi
  • Mitsubishi Motors
  • Schaffner
  • SPOC Automation
  • Toshiba
  • WEG
  • Yaskawa Electric
Market driver
  • Increasing energy efficiency by using variable frequency drives
  • For a full, detailed list, view our report
Market challenge
  • Limitation of variable frequency drives in high-speed responses
  • For a full, detailed list, view our report
Market trend
  • Improved cooling and increased functionality of the drives
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?


Press Release

Technavio Announces the Publication of its Research Report – Global Variable Frequency Drives Market 2017-2021

Technavio recognizes the following companies as the key players in the global variable frequency drives market: ABB, Danfoos, Rockwell Automation, Siemens, and Schneider Electric.

Other Prominent Vendors in the market are: Eaton, Emerson, Fuji Electric, General Electric, Hitachi, Mitsubishi Motors, Schaffner, SPOC Automation, Toshiba, WEG, and Yaskawa Electric.

Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is improved cooling and increased functionality of the drives. Variable frequency drives heat up when supplying a large load to energy-intensive industries. The heat needs to be controlled inside the drive for proper functioning in order to perform tasks efficiently. For cooling the drives, a proper cooling arrangement needs to be done so that the temperature remains constant, which results in increased costs.”

According to the report, one driver in the market is increasing energy efficiency by using variable frequency drives. The global variable frequency drives market is fueled by the strong demand for energy-efficient products and technologies in plant premises. Various regulations are laid down by regulatory bodies, which include adherence to the use of higher energy-efficient motors, are pushing end-users to adopt technologies that can help them optimize the operations along with energy-efficiency. The importance of energy-efficient drives has gained a significant momentum over the last decade. Electricity has become a key concern for various industries, especially in developing countries because of severe power shortages.

Further, the report states that one challenge in the market is limitation of variable frequency drives in high-speed responses. Variable frequency drives face issues while operating with inappropriate power supply, such as overvoltage and under voltage. These drives require a proper power supply to work efficiently, as controlling panels in variable frequency drives can vary the frequency only when it receives a fixed voltage. To solve this issue, the drives should have proper harmonic mitigation devices. However, such devices increase the size of the drives, which results in an increase in heat generation. Cooling facilities are required to regulate the heat and improve the performance of the drives, leading to increased costs.

Companies Mentioned

ABB, Danfoos, Rockwell Automation, Siemens, Schneider Electric, Eaton, Emerson, Fuji Electric, General Electric, Hitachi, Mitsubishi Motors, Schaffner, SPOC Automation, Toshiba, WEG, and Yaskawa Electric.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Market outline
      • Table Benefits of variable frequency drives
  • Market landscape
    • Market overview
      • Table Supply chain analysis
      • Table Key stakeholders in the global variable frequency drives market
      • Table Global variable frequency drives market segmentation
    • Market size and forecast
      • Table Global variable frequency drives market 2016-2021 ($ billions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by power rating
    • Market overview
      • Table Global variable frequency drives market segmentation by power rating
      • Table Global variable frequency drives market by power rating 2016 and 2021 (%)
    • Global variable frequency drives market by power rating less than 1000 kW
      • Table Global variable frequency drives market by power rating less than 1000 kW2016-2021 ($ billions)
    • Global variable frequency drives market by power rating greater than 1000 kW
      • Table Global variable frequency drives market by power rating greater than 1000 kW2016-2021 ($ billions)
      • Table Variable frequency drives for high power rating applications
  • Market segmentation by end-user
    • Market overview
      • Table Global variable frequency drives market segmentation by end-users
      • Table Global variable frequency drives market by end-users 2016 and 2021 (%)
    • Global variable frequency drives market in food and beverage industry
      • Table Global variable frequency drives market in food and beverage industry 2016-2021($ millions)
    • Global variable frequency drives market in water and wastewater treatment industry
      • Table Global variable frequency drives market in water and wastewater treatment industry2016-2021 ($ millions)
    • Global variable frequency drives market in oil and gas industry
      • Table Global variable frequency drives market in oil and gas industry 2016-2021($ millions)
    • Global variable frequency drives market in power generation industry
      • Table Global variable frequency drives market in power generation industry 2016-2021($ millions)
    • Global variable frequency drives market in mining and metals industry
      • Table Global variable frequency drives market in mining and metals industry 2016-2021($ millions)
    • Global variable frequency drives market in others industry
      • Table Global variable frequency drives market in others industry 2016-2021 ($ millions)
  • Geographical segmentation
    • Market overview
      • Table Global variable frequency drives market by geography 2016 and 2021 (%)
    • Variable frequency drives market in APAC
      • Table Variable frequency drives market in APAC 2016-2021 ($ billions)
    • Variable frequency drives market in EMEA
      • Table Variable frequency drives market in EMEA 2016-2021 ($ billions)
    • Variable frequency drives market in Americas
      • Table Variable frequency drives market in Americas 2016-2021 ($ billions)
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table Typical share of energy utilization by equipment in industries in 2016
      • Table Total harmonic distortion voltage (THDV) level
    • Market challenges
  • Market trends
    • Improved cooling and increased functionality of the drives
    • Integration of IoT in drives
    • Increasing need for regenerative drives
    • Regulations on energy efficiency and growing concern for renewable energy
  • Vendor landscape
    • Competition review
    • Other prominent vendors
      • Table Other prominent vendors
  • Key vendor analysis
    • ABB
      • Table ABB: Business verticals
      • Table ABB: Industries served
      • Table ABB: Products
    • Danfoss
      • Table Danfoss: Industries served
      • Table Danfoss: Products manufactured in the global variable frequency drives market
    • Rockwell Automation
      • Table Rockwell Automation: Business segmentation
      • Table Rockwell Automation: Products manufactured in the global variable frequency drivesmarket
    • Siemens
      • Table Siemens: Business Segments
      • Table Siemens: Products manufactured in the global variable frequency drives market
      • Table Siemens: Highlights
    • Schneider Electric
      • Table Schneider Electric: Products manufactured in the global variable frequency drivesmarket
  • Appendix
    • List of abbreviations
  • Explore Technavio

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