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Europe VFDs Market by Application (Pump, Fan, Compressor, Conveyor, Extruder), Power Rating (0–0.5, 0.5–20, 20–50, 50–200, >200kW), Voltage (Low and Medium) And Countries (Germany, Russia, UK, France, Italy, Spain) - Global Forecast to 2024

Europe VFDs Market by Application (Pump, Fan, Compressor, Conveyor, Extruder), Power Rating (0–0.5, 0.5–20, 20–50, 50–200, >200kW), Voltage (Low and Medium) And Countries (Germany, Russia, UK, France, Italy, Spain) - Global Forecast to 2024

“The Europe variable frequency drives market is projected to grow at a CAGR of 4.13% from 2019 to 2024”
The Europe variable frequency drives market is projected to grow from an estimated USD 5.2 billion in 2019 to USD 6.4 billion by 2024, at a CAGR of 4.13% during the forecast period. The growth of this market is driven by the increasing investments in the energy and construction industries. The government in this region is focusing on reducing greenhouse gas emissions. Such initiatives are the major drivers for this market.

“The compressor segment, by application, is expected to be the largest Europe variable frequency drives market (units) from 2019 to 2024”
The compressor segment is estimated to be the largest Europe variable frequency drives market, by application. It is expected to grow from 1,579,412 units in 2019 to 1,983,492 units by 2024, at a CAGR of 4.66% during the forecast period. The oil & gas, food & beverage, and building automation industries are driving the demand for compressors.

“The 0.5-20 kW segment, by power rating, is expected to be the largest Europe variable frequency drives market from 2019 to 2024”
The 0.5-20 kW is the largest segment, which is expected to be USD 755.3 million by 2019, at a CAGR of 4.90% from 2019 to 2024. The high energy savings at a low capital cost increase the demand for the 0.5-20 kW segment in Europe.

“Germany: The largest Europe variable frequency drives market”
The Europe variable frequency drives market in Germany is expected to grow at a CAGR of 4.82% during the forecast period. Increasing investments in the energy and construction industries are likely to drive the Europe variable frequency drives market in Germany. The other major countries contributing to this market are the UK, Russia, Spain, Italy, and France. Increasing demand for renewable power generation in chemical and food & beverage industries is expected to boost the Europe variable frequency drives market in this region.

Breakdown of Primaries:
In-depth interviews have been conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants among other experts, to obtain and verify critical qualitative and quantitative information as well as to assess the future market prospects. The distribution of primary interviews is as follows:
By Company Type: Tier 1- 60%, Tier 2- 27%, and Tier 3- 13%
By Designation: C-Level- 35%, Director Level- 25%, and Others- 40%
By Region: Europe- 40%, Asia Pacific- 25%, North America- 19%, Middle East & Africa- 16%

Note: Others includes sales managers, marketing managers, product managers, and product engineers.
The tier of the companies is defined on the basis of their total revenue as of 2017. Tier 1: USD 1 billion, Tier 2: From USD 1 billion to USD 500 million, and Tier 3:

The Europe variable frequency drives market is dominated by a few major players that have a wide regional presence. The leading players in the Europe variable frequency drives market are ABB (Switzerland), Eaton (Ireland), Schneider (France), Siemens (Germany), Danfoss (Denmark), Fuji (Japan), Rockwell (US), Yaskawa (Japan), CG Power and Industrial Solutions (India), Hitachi (Japan), WEG SA (Brazil), and TMEIC (Japan).

Research Coverage:
The report defines, describes, and forecasts the Europe variable frequency drives market, by application, power rating, voltage, and country. It also offers a detailed qualitative and quantitative analysis of the market. The report provides a comprehensive review of the major market drivers, restraints, opportunities, and challenges. It also covers various important aspects of the market. These include the analysis of the competitive landscape, market dynamics, market estimates, in terms of value and future trends in the Europe variable frequency drives market.

Why Buy This Report?
1. The report identifies and addresses the key markets of the Europe variable frequency drives market, which would help various stakeholders such as energy utilities, government and research organizations, institutional investors, shareholders, variable frequency drives’ manufacturers, dealers, and suppliers.
2. The report helps system providers understand the pulse of the market and provides insights into drivers, restraints, opportunities, and challenges.
3. The report will help key players understand the strategies of their competitors better and help them in making better strategic decisions.


  • INTRODUCTION
    • OBJECTIVES OF THE STUDY
    • DEFINITION
    • MARKET SCOPE
      • MARKET SEGMENTATION
    • YEARS CONSIDERED FOR THE STUDY
    • CURRENCY
    • LIMITATIONS
    • STAKEHOLDERS
  • RESEARCH METHODOLOGY
    • MARKET SIZE ESTIMATION
      • IDEAL DEMAND-SIDE ANALYSIS
        • Table UNITS OF MOTORS SOLD ANNUALLY ARE THE DETERMINING FACTOR FOR THE EUROPE VARIABLE FREQUENCY DRIVES MARKET
      • SUPPLY-SIDE ANALYSIS
      • FRAMEWORK OF MARKET ASSESSMENT
      • FORECAST
    • SOME OF THE INSIGHTS OF INDUSTRY EXPERTS
  • EXECUTIVE SUMMARY
    • Table EUROPE VARIABLE FREQUENCY DRIVES MARKET SNAPSHOT
  • PREMIUM INSIGHTS
    • ATTRACTIVE OPPORTUNITIES IN THE EUROPE VARIABLE FREQUENCY DRIVES MARKET
    • EUROPE VARIABLE FREQUENCY DRIVES MARKET, BY COUNTRY
    • EUROPE VARIABLE FREQUENCY DRIVES MARKET, BY APPLICATION & COUNTRY
    • EUROPE VARIABLE FREQUENCY DRIVES MARKET, BY VOLTAGE
    • EUROPE VARIABLE FREQUENCY DRIVES MARKET, BY POWER RATING
  • MARKET OVERVIEW
    • INTRODUCTION
    • MARKET DYNAMICS
      • DRIVERS
      • RESTRAINTS
      • OPPORTUNITIES
      • CHALLENGES
  • EUROPE VARIABLE FREQUENCY DRIVES MARKET, BY VOLTAGE
    • INTRODUCTION
      • Table EUROPE VARIABLE FREQUENCY DRIVES MARKET SIZE, BY VOLTAGE, 2017-2024 (UNITS)
      • Table EUROPE VARIABLE FREQUENCY DRIVES MARKET SIZE, BY VOLTAGE, 2017-2024 (USD MILLION)
    • LOW VOLTAGE (UP TO 690 V)
      • INCREASING USAGE OF VARIABLE FREQUENCY DRIVES IN MINING, PULP & PAPER, WATER & WASTEWATER, AND OIL & GAS INDUSTRIES IS EXPECTED TO BOOST THE EUROPE VARIABLE FREQUENCY DRIVES MARKET IN THE LOW VOLTAGE SEGMENT
        • Table LOW VOLTAGE: EUROPE VARIABLE FREQUENCY DRIVES MARKET SIZE, BY COUNTRY, 2017-2024 (UNITS)
        • Table LOW VOLTAGE: EUROPE VARIABLE FREQUENCY DRIVES MARKET SIZE, BY COUNTRY, 2017-2024 (USD MILLION)
    • MEDIUM VOLTAGE (ABOVE 690 V)
      • LOW MAINTENANCE AND OPERATING COST OF MEDIUM VOLTAGE VARIABLE FREQUENCY DRIVES IN CEMENT AND STEEL INDUSTRIES ARE EXPECTED TO DRIVE THE EUROPE VARIABLE FREQUENCY DRIVES MARKET IN THE MEDIUM VOLTAGE SEGMENT
        • Table MEDIUM VOLTAGE: EUROPE VARIABLE FREQUENCY DRIVES MARKET SIZE, BY COUNTRY, 2017-2024 (UNITS)
        • Table MEDIUM VOLTAGE: EUROPE VARIABLE FREQUENCY DRIVES MARKET SIZE, BY COUNTRY, 2017-2024 (USD MILLION)
  • EUROPE VARIABLE FREQUENCY DRIVES MARKET, BY POWER RATING
    • INTRODUCTION
      • Table EUROPE VARIABLE FREQUENCY DRIVES MARKET SIZE, BY POWER RATING, 2017-2024 (UNITS)
      • Table EUROPE VARIABLE FREQUENCY DRIVES MARKET SIZE, BY POWER RATING, 2017-2024 (USD MILLION)
    • 0-0.5 KW
      • RISING URBANIZATION AND INDUSTRIALIZATION ARE THE VITAL FACTORS THAT DRIVE THE GROWTH OF THIS SEGMENT
        • Table 0-0.5 KW: EUROPE VARIABLE FREQUENCY DRIVES MARKET SIZE, BY APPLICATION, 2017-2024 (UNITS)
        • Table 0-0.5 KW: EUROPE VARIABLE FREQUENCY DRIVES MARKET SIZE, BY APPLICATION, 2017-2024 (USD MILLION)
    • 0.5-20 KW
      • HIGH ENERGY SAVINGS AT LOW CAPITAL COST INCREASE THE DEMAND FOR THIS SEGMENT
        • Table 0.5-20 KW: EUROPE VARIABLE FREQUENCY DRIVES MARKET SIZE, BY APPLICATION, 2017-2024 (UNITS)
        • Table 0.5-20 KW: EUROPE VARIABLE FREQUENCY DRIVES MARKET SIZE, BY APPLICATION, 2017-2024 (USD MILLION)
    • 20-50 KW
      • HEALTHCARE AND HOME APPLIANCE INDUSTRIES ARE DRIVING THE DEMAND FOR THIS SEGMENT
        • Table 20-50 KW: EUROPE VARIABLE FREQUENCY DRIVES MARKET SIZE, BY APPLICATION, 2017-2024 (UNITS)
        • Table 20-50 KW: EUROPE VARIABLE FREQUENCY DRIVES MARKET SIZE, BY APPLICATION, 2017-2024 (USD MILLION)
    • 50-200 KW
      • HIGH-POWER DRIVES ARE LIKELY TO BOOST THE DEMAND FOR THIS SEGMENT
        • Table 50-200 KW: EUROPE VARIABLE FREQUENCY DRIVES MARKET SIZE, BY APPLICATION, 2017-2024 (UNITS)
        • Table 50-200 KW: EUROPE VARIABLE FREQUENCY DRIVES MARKET SIZE, BY APPLICATION, 2017-2024 (USD MILLION)
    • ABOVE 200 KW
      • HIGH-POWER APPLICATIONS ARE EXPECTED TO DRIVE THIS SEGMENT
        • Table ABOVE 200 KW: EUROPE VARIABLE FREQUENCY DRIVES MARKET SIZE, BY APPLICATION, 2017-2024 (UNITS)
        • Table ABOVE 200 KW: EUROPE VARIABLE FREQUENCY DRIVES MARKET SIZE, BY APPLICATION, 2017-2024 (USD MILLIONS)
  • EUROPE VARIABLE FREQUENCY DRIVES MARKET, BY APPLICATION
    • INTRODUCTION
      • Table EUROPE VARIABLE FREQUENCY DRIVES MARKET SIZE, BY APPLICATION, 2017-2024 (UNITS)
      • Table EUROPE VARIABLE FREQUENCY DRIVES MARKET SIZE, BY APPLICATION, 2017-2024 (USD MILLION)
    • PUMP
      • INCREASING PUMP EXPORT AND ITS USE IN VARIOUS INDUSTRIES ARE LIKELY TO DRIVE THE PUMP SEGMENT
        • Table PUMP: EUROPE VARIABLE FREQUENCY DRIVES MARKET SIZE, BY POWER RATING, 2017-2024 (UNITS)
        • Table PUMP: EUROPE VARIABLE FREQUENCY DRIVES MARKET SIZE, BY POWER RATING, 2017-2024 (USD MILLION)
    • FAN
      • GROWING DEMAND FOR FANS IN HVAC AND LOW MAINTENANCE REQUIREMENTS ARE EXPECTED TO DRIVE THE FAN SEGMENT
        • Table FAN: EUROPE VARIABLE FREQUENCY DRIVES MARKET SIZE, BY POWER RATING, 2017-2024 (UNITS)
        • Table FAN: EUROPE VARIABLE FREQUENCY DRIVES MARKET SIZE, BY POWER RATING, 2017-2024 (USD MILLION)
    • COMPRESSOR
      • OIL & GAS, FOOD & BEVERAGE, AND BUILDING AUTOMATION ARE THE INDUSTRIES THAT ARE DRIVING THE DEMAND FOR COMPRESSORS
        • Table COMPRESSOR: EUROPE VARIABLE FREQUENCY DRIVES MARKET SIZE, BY POWER RATING, 2017-2024 (UNITS)
        • Table COMPRESSOR: EUROPE VARIABLE FREQUENCY DRIVES MARKET SIZE, BY POWER RATING, 2017-2024 (USD MILLION)
    • CONVEYOR
      • MINING, PHARMACEUTICALS, MANUFACTURING, AND TRANSPORTATION ARE THE INDUSTRIES THAT ARE DRIVING THE DEMAND FOR CONVEYORS
        • Table CONVEYOR: EUROPE VARIABLE FREQUENCY DRIVES MARKET SIZE, BY POWER RATING, 2017-2024 (UNITS)
        • Table CONVEYOR: EUROPE VARIABLE FREQUENCY DRIVES MARKET SIZE, BY POWER RATING, 2017-2024 (USD MILLION)
    • EXTRUDER
      • PLASTIC AND FOOD PROCESSING ARE THE INDUSTRIES THAT ARE DRIVING THE DEMAND FOR EXTRUDERS
        • Table EXTRUDER: EUROPE VARIABLE FREQUENCY DRIVES MARKET SIZE, BY POWER RATING, 2017-2024 (UNITS)
        • Table EXTRUDER: EUROPE VARIABLE FREQUENCY DRIVES MARKET SIZE, BY POWER RATING, 2017-2024 (USD MILLION)
    • OTHERS
      • FEATURES SUCH AS LOW MAINTENANCE AND REDUCTION IN MECHANICAL STRESS ARE EXPECTED TO DRIVE THE CRUSHERS & MILLS AND MIXERS MARKET
        • Table OTHERS: EUROPE VARIABLE FREQUENCY DRIVES MARKET SIZE, BY POWER RATING, 2017-2024 (UNITS)
        • Table OTHERS: EUROPE VARIABLE FREQUENCY DRIVES MARKET SIZE, BY POWER RATING, 2017-2024 (USD MILLION)
  • EUROPE VARIABLE FREQUENCY DRIVES MARKET, BY COUNTRY
    • INTRODUCTION
      • Table EUROPE VARIABLE FREQUENCY DRIVES MARKET SIZE, BY COUNTRY, 2017-2024 (UNITS)
      • Table EUROPE VARIABLE FREQUENCY DRIVES MARKET SIZE, BY COUNTRY, 2017-2024 (USD MILLION)
    • GERMANY
      • INCREASING INVESTMENTS IN ENERGY & CONSTRUCTION INDUSTRIES ARE LIKELY TO DRIVE THE EUROPE VARIABLE FREQUENCY DRIVES MARKET IN GERMANY
        • Table GERMANY: EUROPE VARIABLE FREQUENCY DRIVES MARKET, BY APPLICATION, 2017-2024 (UNITS)
        • Table GERMANY: EUROPE VARIABLE FREQUENCY DRIVES MARKET, BY APPLICATION, 2017-2024 (USD MILLION)
        • Table GERMANY: EUROPE VARIABLE FREQUENCY DRIVES MARKET, BY VOLTAGE, 2017-2024 (UNITS)
        • Table GERMANY: EUROPE VARIABLE FREQUENCY DRIVES MARKET, BY VOLTAGE, 2017-2024 (USD MILLION)
    • UK
      • INCREASING DEMAND FOR RENEWABLE POWER GENERATION IN CHEMICAL AND FOOD & BEVERAGE INDUSTRIES IS EXPECTED TO BOOST THE EUROPE VARIABLE FREQUENCY DRIVES MARKET IN THE UK
        • Table UK: EUROPE VARIABLE FREQUENCY DRIVES MARKET, BY APPLICATION, 2017-2024 (UNITS)
        • Table UK: EUROPE VARIABLE FREQUENCY DRIVES MARKET, BY APPLICATION, 2017-2024 (USD MILLION)
        • Table UK: EUROPE VARIABLE FREQUENCY DRIVES MARKET, BY VOLTAGE, 2017-2024 (UNITS)
        • Table UK: EUROPE VARIABLE FREQUENCY DRIVES MARKET, BY VOLTAGE, 2017-2024 (USD MILLION)
    • RUSSIA
      • GROWING INDUSTRIAL SECTOR & INCREASING INVESTMENTS IN ENERGY PROJECTS ARE THE DRIVERS FOR THE EUROPE VARIABLE FREQUENCY DRIVES MARKET IN RUSSIA
        • Table RUSSIA: EUROPE VARIABLE FREQUENCY DRIVES MARKET, BY APPLICATION, 2017-2024 (UNITS)
        • Table RUSSIA: EUROPE VARIABLE FREQUENCY DRIVES MARKET, BY APPLICATION, 2017-2024 (USD MILLION)
        • Table RUSSIA: EUROPE VARIABLE FREQUENCY DRIVES MARKET, BY VOLTAGE, 2017-2024 (UNITS)
        • Table RUSSIA: EUROPE VARIABLE FREQUENCY DRIVES MARKET, BY VOLTAGE, 2017-2024 (USD MILLION)
    • FRANCE
      • TARGET TO REDUCE GREENHOUSE GAS EMISSIONS IS LIKELY TO BOOST THE DEMAND FOR VARIABLE FREQUENCY DRIVES IN FRANCE
        • Table FRANCE: EUROPE VARIABLE FREQUENCY DRIVES MARKET, BY APPLICATION, 2017-2024 (UNITS)
        • Table FRANCE: EUROPE VARIABLE FREQUENCY DRIVES MARKET, BY APPLICATION, 2017-2024 (USD MILLION)
        • Table FRANCE: EUROPE VARIABLE FREQUENCY DRIVES MARKET, BY VOLTAGE, 2017-2024 (UNITS)
        • Table FRANCE: EUROPE VARIABLE FREQUENCY DRIVES MARKET, BY VOLTAGE, 2017-2024 (USD MILLION)
    • ITALY
      • GROWING INDUSTRIAL SECTOR & INVESTMENTS IN THE OIL & GAS INDUSTRY ARE EXPECTED TO INCREASE THE DEMAND FOR VARIABLE FREQUENCY DRIVES IN ITALY
        • Table ITALY: EUROPE VARIABLE FREQUENCY DRIVES MARKET, BY APPLICATION, 2017-2024 (UNITS)
        • Table ITALY: EUROPE VARIABLE FREQUENCY DRIVES MARKET, BY APPLICATION, 2017-2024 (USD MILLION)
        • Table ITALY: EUROPE VARIABLE FREQUENCY DRIVES MARKET, BY VOLTAGE, 2017-2024 (UNITS)
        • Table ITALY: EUROPE VARIABLE FREQUENCY DRIVES MARKET, BY VOLTAGE, 2017-2024 (USD MILLION)
    • SPAIN
      • RISING EXPORT DEMAND IN PHARMACEUTICAL & AUTOMOBILE INDUSTRIES IS EXPECTED TO BOOST THE EUROPE VARIABLE FREQUENCY DRIVES MARKET IN SPAIN
        • Table SPAIN: EUROPE VARIABLE FREQUENCY DRIVES MARKET, BY APPLICATION, 2017-2024 (UNITS)
        • Table SPAIN: EUROPE VARIABLE FREQUENCY DRIVES MARKET, BY APPLICATION, 2017-2024 (USD MILLION)
        • Table SPAIN: EUROPE VARIABLE FREQUENCY DRIVES MARKET, BY VOLTAGE, 2017-2024 (UNITS)
        • Table SPAIN: EUROPE VARIABLE FREQUENCY DRIVES MARKET, BY VOLTAGE, 2017-2024 (USD MILLION)
    • REST OF EUROPE
      • INCREASE IN FOCUS ON RENEWABLE ENERGY SOURCES FOR POWER GENERATION IS EXPECTED TO DRIVE THE VFD MARKET
        • Table REST OF EUROPE: EUROPE VARIABLE FREQUENCY DRIVES MARKET, BY APPLICATION, 2017-2024 (UNITS)
        • Table REST OF EUROPE: EUROPE VARIABLE FREQUENCY DRIVES MARKET, BY APPLICATION, 2017-2024 (USD MILLION)
        • Table REST OF EUROPE: EUROPE VARIABLE FREQUENCY DRIVES MARKET, BY VOLTAGE, 2017-2024 (UNITS)
        • Table REST OF EUROPE: EUROPE VARIABLE FREQUENCY DRIVES MARKET, BY VOLTAGE, 2017-2024 (USD MILLION)
  • COMPETITIVE LANDSCAPE
    • INTRODUCTION
    • MARKET SHARE ANALYSIS
    • COMPETITIVE SCENARIO
      • Table DEVELOPMENTS BY KEY PLAYERS IN THE MARKET, 2015-FEBRUARY 2019
      • NEW PRODUCT LAUNCHES
      • CONTRACTS & AGREEMENTS
      • MERGERS & ACQUISITIONS
      • INVESTMENTS & EXPANSIONS
      • PARTNERSHIPS
    • COMPETITIVE LEADERSHIP MAPPING
      • VISIONARY LEADERS
      • INNOVATORS
      • DYNAMIC
      • EMERGING
  • COMPANY PROFILING
    • ABB
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • EATON
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • SCHNEIDER
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • SIEMENS
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • DANFOSS
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • FUJI
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • ROCKWELL
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • YASKAWA
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • CG POWER AND INDUSTRIAL SOLUTIONS
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • HITACHI
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • WEG
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • TMEIC
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
  • APPENDIX
    • INSIGHTS OF INDUSTRY EXPERTS
    • DISCUSSION GUIDE
    • KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
    • AVAILABLE CUSTOMIZATIONS
    • RELATED REPORTS
    • AUTHOR DETAILS

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