Marine VFD Market by Type (AC Drive, DC Drive), Voltage (Low Voltage, Medium Voltage), Application (Pump, Fan, Compressor, Propeller (With Shaft Generator, Without Shaft Generator), Crane & Hoist), and Region - Global Forecast to 2026

Marine VFD Market by Type (AC Drive, DC Drive), Voltage (Low Voltage, Medium Voltage), Application (Pump, Fan, Compressor, Propeller (With Shaft Generator, Without Shaft Generator), Crane & Hoist), and Region - Global Forecast to 2026

The marine VFD market is projected to reach USD 1,075 million by 2026 from an estimated USD 804 million in 2021, at a CAGR of 6.0% during the forecast period. There is increasing demand for more efficient systems which can save wastage of energy and help to reduce the emission from the maritime sector. Also, there is a shift towards electric and hybrid systems to reduce dependency on fossil fuel and for more clean power. Apart from these there is adoption of IoT across all the sectors including shipping sector. Thus, the marine VFD market is gaining momentum, and there exists a lot of untapped potential in this market.

“The compressor segment is expected to grow at the highest CAGR from 2021 to 2026.”

Based on the application of marine VFD systems, the compressor segment is estimated to be the fastest-growing market from 2019 to 2026. A compressor is a multipurpose device used in various applications, ranging from the cleaning of filters to starting the main or secondary engines of a ship. Compressors are also used to run the propellers in a ship.

“Medium voltage VFD is expected to emerging market by voltage”

VFDs with a voltage of more than 1000 V are considered under the medium voltage segment. The use of these drives helps in improving efficiency, thereby reducing the overall operating costs. These VFDs are generally used for critical applications and main components of the system installed on a ship. Recently introduced hybrid engines in the shipping industry have boosted the demand for medium-voltage VFDs, and this segment is expected to witness strong growth during the forecast period.

“Asia Pacific: The largest marine VFD market”

Asia Pacific accounted for the largest share of 51.1% of the marine VFD market amongst all regions in 2020. Asia is a major maritime transport player—not only as a consumer of marine transport services and a major maritime hub but also as a producer of such services. The region has been segmented by country into China, India, Japan, South Korea, Australia, and Rest of Asia Pacific. The continuous significance of Asia as a manufacturing hub has boosted the intra-Asian container trade boom, with South-East Asia playing an increasingly important role. Moreover, in the past few years, this region has witnessed rapid economic development as well as growth in the maritime trade. The rise in seaborne trade has subsequently led to an increase in demand for ships that are used to transport manufactured goods to various regions worldwide.

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 future market prospects. The distribution of primary interviews is as follows:
By Company Type: Tier 1- 65%, Tier 2- 24%, and Tier 3- 11%
By Designation: C-Level- 30%, Director Level- 25%, and Others- 45%
By Region: North America- 10%, Asia Pacific- 50%, Europe- 25%, Middle East & Africa- 7%, South America- 8%

Note: Others includes product engineers, product specialists, and engineering leads.

Note: The tiers of the companies are defined on the basis of their total revenues as of 2017. Tier 1: > USD 1 billion, Tier 2: From USD 500 million to USD 1 billion, and Tier 3: < USD 500 million

The leading players in the marine VFD market include Siemens (Germany), Danfoss (Denmark), General Electric (US), ABB (Switzerland), Rockwell Automation (US).

Research Coverage:

The report defines, describes, and forecasts the global marine VFD market, by type, by voltage, by application and region. 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 an analysis of the competitive landscape, market dynamics, market estimates, in terms of value, and future trends in the marine VFD market.

Key Benefits of Buying the Report

1. The report identifies and addresses the key markets for marine VFD, which would help marine VFD manufacturers review the growth in demand.

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
    • INCLUSIONS AND EXCLUSIONS
      • MARINE VFD MARKET, BY VOLTAGE: INCLUSIONS AND EXCLUSIONS
      • MARINE VFD MARKET, BY TYPE: INCLUSIONS AND EXCLUSIONS
      • MARINE VFD MARKET, BY APPLICATION: INCLUSIONS AND EXCLUSIONS
    • MARKET SCOPE
      • MARKET SEGMENTATION
      • REGIONAL SCOPE
    • YEARS CONSIDERED FOR THE STUDY
    • CURRENCY
    • LIMITATIONS
    • STAKEHOLDERS
    • SUMMARY OF CHANGES
  • RESEARCH METHODOLOGY
    • RESEARCH DATA
    • MARKET BREAKDOWN AND DATA TRIANGULATION
      • SECONDARY DATA
      • PRIMARY DATA
    • IMPACT OF COVID-19
    • MARKET SIZE ESTIMATION
      • BOTTOM-UP APPROACH
      • TOP-DOWN APPROACH
      • DEMAND-SIDE ANALYSIS
      • SUPPLY-SIDE ANALYSIS
      • FORECAST
  • EXECUTIVE SUMMARY
    • Table SNAPSHOT OF MARINE VFD MARKET
  • PREMIUM INSIGHTS
    • ATTRACTIVE OPPORTUNITIES IN MARINE VFD MARKET DURING FORECAST PERIOD
    • MARINE VFD MARKET, BY REGION
    • ASIA PACIFIC MARINE VFD MARKET, BY APPLICATION AND COUNTRY
    • MARINE VFD MARKET, BY TYPE
    • MARINE VFD MARKET, BY VOLTAGE
    • MARINE VFD MARKET, BY APPLICATION
  • MARKET OVERVIEW
    • INTRODUCTION
    • COVID-19 HEALTH ASSESSMENT
    • GLOBAL ROAD TO RECOVERY FROM COVID-19
    • COVID-19 ECONOMIC ASSESSMENT
    • MARKET DYNAMICS
      • DRIVERS
        • Table ENERGY SAVINGS USING VFD 2021
      • RESTRAINTS
      • OPPORTUNITIES
      • CHALLENGES
    • TRENDS/DISRUPTIONS IMPACTING CUSTOMERS' BUSINESSES
      • REVENUE SHIFT AND NEW REVENUE POCKETS FOR MARINE VFD PROVIDERS
    • PRICING ANALYSIS
      • Table GLOBAL AVERAGE SELLING PRICE OF MARINE VFD, 2020
    • MARKET MAP
      • Table MARINE VFD MARKET: ECOSYSTEM
    • VALUE CHAIN ANALYSIS
      • RAW MATERIAL/COMPONENT PROVIDERS
      • MARINE VFD MANUFACTURERS
      • DISTRIBUTORS AND AFTER-SALES SERVICES
      • END USERS
    • TECHNOLOGY ANALYSIS
      • MARINE VFD MARKET BASED ON DIFFERENT TECHNOLOGIES
    • MARINE VFD MARKET: CODES AND REGULATIONS
      • Table MARINE VFD MARKET: CODES AND REGULATIONS
    • INNOVATIONS AND PATENT REGISTRATIONS
      • Table MARINE VFD MARKET: INNOVATIONS AND PATENT REGISTRATIONS, AUGUST 2014–MAY 2021
    • CASE STUDY ANALYSIS
      • VIKING LINE TAKES TENSION OUT OF HARBOR MOORING FOR M/S GABRIELLA
      • MS CINDERELLA SAVES MORE THAN 1000 TPA MARINE DIESEL WITH NEW VENTILATION CONTROL
      • COMMERCIAL BARGES STAYS AFLOAT WITH HELP OF VFD CONTROL PUMPS
    • PORTER'S FIVE FORCES ANALYSIS
      • Table MARINE VFD MARKET: PORTER'S FIVE FORCES ANALYSIS
      • THREAT OF SUBSTITUTES
      • BARGAINING POWER OF SUPPLIERS
      • BARGAINING POWER OF BUYERS
      • THREAT OF NEW ENTRANTS
      • INTENSITY OF COMPETITIVE RIVALRY
  • MARINE VFD MARKET, BY TYPE
    • INTRODUCTION
      • Table MARINE VFD MARKET SIZE, BY TYPE, 2016–2019 (USD MILLION)
      • Table MARINE VFD MARKET SIZE, BY TYPE, 2020–2026 (USD MILLION)
    • AC DRIVE
      • RISING NEED FOR MORE ENERGY-EFFICIENT SYSTEMS AND ENERGY SAVINGS IS LIKELY TO BOOST DEMAND FOR AC VFDS
        • Table MARINE VFD MARKET FOR AC DRIVE, BY REGION, 2016–2019 (USD MILLION)
        • Table MARINE VFD MARKET FOR AC DRIVE, BY REGION, 2020–2026 (USD MILLION)
    • DC DRIVE
      • BETTER SPEED REGULATION AND RISING USE OF BATTERIES IN ELECTRICAL SYSTEMS ARE LIKELY TO DRIVE DC DRIVE SEGMENT
        • Table MARINE VFD MARKET FOR DC DRIVE, BY REGION, 2016–2019 (USD MILLION)
        • Table MARINE VFD MARKET FOR DC DRIVE, BY REGION, 2020–2026 (USD MILLION)
  • MARINE VFD MARKET, BY VOLTAGE
    • INTRODUCTION
      • Table MARINE VFD MARKET SIZE, BY VOLTAGE, 2016–2019 (USD MILLION)
      • Table MARINE VFD MARKET SIZE, BY VOLTAGE, 2020–2026 (USD MILLION)
    • LOW VOLTAGE (UP TO 1000 V)
      • INCREASING AUTOMATION AND GROWING DEMAND FOR MORE EFFICIENT SYSTEMS ARE LIKELY TO DRIVE LOW VOLTAGE SEGMENT
        • Table LOW-VOLTAGE MARINE VFD MARKET, BY REGION, 2016–2019 (USD MILLION)
        • Table LOW-VOLTAGE MARINE VFD MARKET, BY REGION, 2020–2026 (USD MILLION)
    • MEDIUM VOLTAGE (ABOVE 1000 V)
      • INCREASING ADOPTION OF HYBRID ENGINES AND UPGRADE OF ELECTRICAL INFRASTRUCTURE ARE LIKELY TO DRIVE MEDIUM VOLTAGE SEGMENT
        • Table MEDIUM-VOLTAGE MARINE VFD MARKET, BY REGION, 2016–2019 (USD MILLION)
        • Table MEDIUM-VOLTAGE MARINE VFD MARKET, BY REGION, 2020–2026 (USD MILLION)
  • MARINE VFD MARKET, BY APPLICATION
    • INTRODUCTION
      • Table MARINE VFD MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
      • Table MARINE VFD MARKET, BY APPLICATION, 2020–2026 (USD MILLION)
    • PUMP
      • SHIFT TOWARD MORE ENERGY-EFFICIENT SHIPS IS LIKELY TO DRIVE MARINE VFD MARKET FOR PUMP SEGMENT
        • Table MARINE VFD MARKET FOR PUMP, BY REGION, 2016–2019 (USD MILLION)
        • Table MARINE VFD MARKET FOR PUMP, BY REGION, 2020–2026 (USD MILLION)
    • FAN
      • MORE EFFICIENT VENTILATION AND COOLING WOULD DRIVE MARINE VFD MARKET FOR FAN
        • Table MARINE VFD MARKET FOR FAN, BY REGION, 2016–2019 (USD MILLION)
        • Table MARINE VFD MARKET FOR FAN, BY REGION, 2020–2026 (USD MILLION)
    • COMPRESSOR
      • GROWING SHIPBUILDING INDUSTRY IS EXPECTED TO FUEL DEMAND FOR COMPRESSORS
        • Table MARINE VFD MARKET FOR COMPRESSOR, BY REGION, 2016–2019 (USD MILLION)
        • Table MARINE VFD MARKET FOR COMPRESSOR, BY REGION, 2020–2026 (USD MILLION)
    • PROPELLER
      • ADOPTION OF ELECTRIC PROPULSION SYSTEM IS LIKELY TO DRIVE VFD MARKET IN PROPELLER SEGMENT
        • Table MARINE VFD MARKET FOR PROPELLER, BY REGION, 2016–2019 (USD MILLION)
        • Table MARINE VFD MARKET FOR PROPELLER, BY REGION, 2020–2026 (USD MILLION)
        • Table MARINE VFD MARKET FOR PROPELLER WITH SHAFT GENERATOR, BY REGION, 2019–2026 (USD MILLION)
        • Table MARINE VFD MARKET FOR PROPELLER WITHOUT SHAFT GENERATOR, BY REGION, 2019–2026 (USD MILLION)
    • CRANE & HOIST
      • INCREASE IN EFFICIENCY AND REDUCED MAINTENANCE COSTS ARE LIKELY TO DRIVE MARINE VFD MARKET FOR CRANE & HOIST SEGMENT
        • Table MARINE VFD MARKET FOR CRANE & HOIST, BY REGION, 2016–2019 (USD MILLION)
        • Table MARINE VFD MARKET FOR CRANE & HOIST, BY REGION, 2020–2026 (USD MILLION)
  • GEOGRAPHIC ANALYSIS
    • INTRODUCTION
      • Table MARINE VFD MARKET SIZE, BY REGION, 2016–2019 (USD MILLION)
      • Table GLOBAL MARINE VFD MARKET SIZE, BY REGION, 2020–2026 (USD MILLION)
    • NORTH AMERICA
      • BY TYPE
        • Table NORTH AMERICA: MARINE VFD MARKET SIZE, BY TYPE, 2016–2019 (USD MILLION)
        • Table NORTH AMERICA: MARINE VFD MARKET SIZE, BY TYPE, 2020–2026 (USD MILLION)
      • BY VOLTAGE
        • Table NORTH AMERICA: MARINE VFD MARKET SIZE, BY VOLTAGE, 2016–2019 (USD MILLION)
        • Table NORTH AMERICA: MARINE VFD MARKET SIZE, BY VOLTAGE, 2020–2026 (USD MILLION)
      • BY APPLICATION
        • Table NORTH AMERICA: MARINE VFD MARKET, BY APPLICATION, 2016–2019 (USD MILLION)
        • Table NORTH AMERICA: MARINE VFD MARKET, BY APPLICATION, 2020–2026 (USD MILLION)
        • Table NORTH AMERICA: MARINE VFD MARKET, BY PROPELLER TYPE, 2019–2026 (USD MILLION)
      • BY COUNTRY
        • Table NORTH AMERICA: MARINE VFD MARKET SIZE, BY COUNTRY, 2016–2019 (USD MILLION)
        • Table NORTH AMERICA: MARINE VFD MARKET SIZE, BY COUNTRY, 2020–2026 (USD MILLION)
      • US
        • Table US: MARINE VFD MARKET SIZE, BY VOLTAGE, 2016–2019 (USD MILLION)
        • Table US: MARINE VFD MARKET SIZE, BY VOLTAGE, 2020–2026 (USD MILLION)
        • Table US: MARINE VFD MARKET SIZE, BY TYPE, 2019–2026 (USD MILLION)
        • Table US: MARINE VFD MARKET SIZE, BY APPLICATION, 2019–2026 (USD MILLION)
        • Table US: MARINE VFD MARKET, BY PROPELLER TYPE, 2019–2026 (USD MILLION)
      • CANADA
        • Table CANADA: MARINE VFD MARKET SIZE, BY VOLTAGE, 2016–2019 (USD MILLION)
        • Table CANADA: MARINE VFD MARKET SIZE, BY VOLTAGE, 2020–2026 (USD MILLION)
        • Table CANADA: MARINE VFD MARKET SIZE, BY TYPE, 2019–2026 (USD MILLION)
        • Table CANADA: MARINE VFD MARKET SIZE, BY APPLICATION, 2019–2026 (USD MILLION)
        • Table CANADA: MARINE VFD MARKET, BY PROPELLER TYPE, 2019–2026 (USD MILLION)
      • MEXICO
        • Table MEXICO: MARINE VFD MARKET SIZE, BY VOLTAGE, 2016–2019 (USD MILLION)
        • Table MEXICO: MARINE VFD MARKET SIZE, BY VOLTAGE, 2020–2026 (USD MILLION)
        • Table MEXICO: MARINE VFD MARKET SIZE, BY TYPE, 2019–2026 (USD MILLION)
        • Table MEXICO: MARINE VFD MARKET SIZE, BY APPLICATION, 2019–2026 (USD MILLION)
        • Table MEXICO: MARINE VFD MARKET, BY PROPELLER TYPE, 2019–2026 (USD MILLION)
    • ASIA PACIFIC
      • BY TYPE
        • Table ASIA PACIFIC: MARINE VFD MARKET SIZE, BY TYPE, 2016–2019 (USD MILLION)
        • Table ASIA PACIFIC: MARINE VFD MARKET SIZE, BY TYPE, 2020–2026 (USD MILLION)
      • BY VOLTAGE
        • Table ASIA PACIFIC: MARINE VFD MARKET SIZE, BY VOLTAGE, 2016–2019 (USD MILLION)
        • Table ASIA PACIFIC: MARINE VFD MARKET SIZE, BY VOLTAGE, 2020–2026 (USD MILLION)
      • BY APPLICATION
        • Table ASIA PACIFIC: MARINE VFD MARKET, BY APPLICATION, 2016–2019 (USD MILLION)
        • Table ASIA PACIFIC: MARINE VFD MARKET, BY APPLICATION, 2020–2026 (USD MILLION)
        • Table ASIA PACIFIC: MARINE VFD MARKET, BY PROPELLER, 2019–2026 (USD MILLION)
      • BY COUNTRY
        • Table ASIA PACIFIC: MARINE VFD MARKET SIZE, BY COUNTRY, 2016–2019 (USD MILLION)
        • Table ASIA PACIFIC: MARINE VFD MARKET SIZE, BY COUNTRY, 2020–2026 (USD MILLION)
        • Table CHINA: MARINE VFD MARKET SIZE, BY VOLTAGE, 2016–2019 (USD MILLION)
        • Table CHINA: MARINE VFD MARKET SIZE, BY VOLTAGE, 2020–2026 (USD MILLION)
        • Table CHINA: MARINE VFD MARKET SIZE, BY TYPE, 2019–2026 (USD MILLION)
        • Table CHINA: MARINE VFD MARKET SIZE, BY APPLICATION, 2019–2026 (USD MILLION)
        • Table CHINA: MARINE VFD MARKET, BY PROPELLER TYPE, 2019–2026 (USD MILLION)
        • Table INDIA: MARINE VFD MARKET SIZE, BY VOLTAGE, 2016–2019 (USD MILLION)
        • Table INDIA: MARINE VFD MARKET SIZE, BY VOLTAGE, 2020–2026 (USD MILLION)
        • Table INDIA: MARINE VFD MARKET SIZE, BY TYPE, 2019–2026 (USD MILLION)
        • Table INDIA: MARINE VFD MARKET SIZE, BY APPLICATION, 2019–2026 (USD MILLION)
        • Table INDIA: MARINE VFD MARKET, BY PROPELLER TYPE, 2019–2026 (USD MILLION)
        • Table JAPAN: MARINE VFD MARKET SIZE, BY VOLTAGE, 2016–2019 (USD MILLION)
        • Table JAPAN: MARINE VFD MARKET SIZE, BY VOLTAGE, 2020–2026 (USD MILLION)
        • Table JAPAN: MARINE VFD MARKET SIZE, BY TYPE, 2019–2026 (USD MILLION)
        • Table JAPAN: MARINE VFD MARKET SIZE, BY APPLICATION, 2019–2026 (USD MILLION)
        • Table JAPAN: MARINE VFD MARKET, BY PROPELLER TYPE, 2019–2026 (USD MILLION)
        • Table SOUTH KOREA: MARINE VFD MARKET SIZE, BY VOLTAGE, 2016–2019 (USD MILLION)
        • Table SOUTH KOREA: MARINE VFD MARKET SIZE, BY VOLTAGE, 2020–2026 (USD MILLION)
        • Table SOUTH KOREA: MARINE VFD MARKET SIZE, BY TYPE, 2019–2026 (USD MILLION)
        • Table SOUTH KOREA: MARINE VFD MARKET SIZE, BY APPLICATION, 2019–2026 (USD MILLION)
        • Table SOUTH KOREA: MARINE VFD MARKET, BY PROPELLER TYPE, 2019–2026 (USD MILLION)
        • Table AUSTRALIA: MARINE VFD MARKET SIZE, BY VOLTAGE, 2016–2019 (USD MILLION)
        • Table AUSTRALIA: MARINE VFD MARKET SIZE, BY VOLTAGE, 2020–2026 (USD MILLION)
        • Table AUSTRALIA: MARINE VFD MARKET SIZE, BY TYPE, 2019–2026 (USD MILLION)
        • Table AUSTRALIA: MARINE VFD MARKET SIZE, BY APPLICATION, 2019–2026 (USD MILLION)
        • Table AUSTRALIA: MARINE VFD MARKET, BY PROPELLER TYPE, 2019–2026 (USD MILLION)
        • Table REST OF ASIA PACIFIC: MARINE VFD MARKET SIZE, BY VOLTAGE, 2016–2019 (USD MILLION)
        • Table REST OF ASIA PACIFIC: MARINE VFD MARKET SIZE, BY VOLTAGE, 2020–2026 (USD MILLION)
        • Table REST OF ASIA PACIFIC: MARINE VFD MARKET SIZE, BY TYPE, 2019–2026 (USD MILLION)
        • Table REST OF ASIA PACIFIC: MARINE VFD MARKET SIZE, BY APPLICATION, 2019–2026 (USD MILLION)
        • Table REST OF ASIA PACIFIC: MARINE VFD MARKET, BY PROPELLER TYPE, 2019–2026 (USD MILLION)
    • EUROPE
      • BY TYPE
        • Table EUROPE: MARINE VFD MARKET SIZE, BY TYPE, 2016–2019 (USD MILLION)
        • Table EUROPE: MARINE VFD MARKET SIZE, BY TYPE, 2020–2026 (USD MILLION)
      • BY VOLTAGE
        • Table EUROPE: MARINE VFD MARKET SIZE, BY VOLTAGE, 2016–2019 (USD MILLION)
        • Table EUROPE: MARINE VFD MARKET SIZE, BY VOLTAGE, 2020–2026 (USD MILLION)
      • BY APPLICATION
        • Table EUROPE: MARINE VFD MARKET, BY APPLICATION, 2016–2019 (USD MILLION)
        • Table EUROPE: MARINE VFD MARKET, BY APPLICATION, 2020–2026 (USD MILLION)
        • Table EUROPE: MARINE VFD MARKET, BY PROPELLER TYPE, 2019–2026 (USD MILLION)
      • BY COUNTRY
        • Table EUROPE: MARINE VFD MARKET SIZE, BY COUNTRY, 2016–2019 (USD MILLION)
        • Table EUROPE: MARINE VFD MARKET SIZE, BY COUNTRY, 2020–2026 (USD MILLION)
        • Table ITALY: MARINE VFD MARKET SIZE, BY VOLTAGE, 2016–2019 (USD MILLION)
        • Table ITALY: MARINE VFD MARKET SIZE, BY VOLTAGE, 2020–2026 (USD MILLION)
        • Table ITALY: MARINE VFD MARKET SIZE, BY TYPE, 2019–2026 (USD MILLION)
        • Table ITALY: MARINE VFD MARKET SIZE, BY APPLICATION, 2019–2026 (USD MILLION)
        • Table ITALY: MARINE VFD MARKET, BY PROPELLER TYPE, 2019–2026 (USD MILLION)
        • Table GERMANY: MARINE VFD MARKET SIZE, BY VOLTAGE, 2016–2019 (USD MILLION)
        • Table GERMANY: MARINE VFD MARKET SIZE, BY VOLTAGE, 2020–2026 (USD MILLION)
        • Table GERMANY: MARINE VFD MARKET SIZE, BY TYPE, 2019–2026 (USD MILLION)
        • Table GERMANY: MARINE VFD MARKET SIZE, BY APPLICATION, 2019–2026 (USD MILLION)
        • Table GERMANY: MARINE VFD MARKET, BY PROPELLER TYPE, 2019–2026 (USD MILLION)
        • Table FRANCE: MARINE VFD MARKET SIZE, BY VOLTAGE, 2016–2019 (USD MILLION)
        • Table FRANCE: MARINE VFD MARKET SIZE, BY VOLTAGE, 2020–2026 (USD MILLION)
        • Table FRANCE: MARINE VFD MARKET SIZE, BY TYPE, 2019–2026 (USD MILLION)
        • Table FRANCE: MARINE VFD MARKET SIZE, BY APPLICATION, 2019–2026 (USD MILLION)
        • Table FRANCE: MARINE VFD MARKET, BY PROPELLER TYPE, 2019–2026 (USD MILLION)
        • Table NETHERLANDS: MARINE VFD MARKET SIZE, BY VOLTAGE, 2016–2019 (USD MILLION)
        • Table NETHERLANDS: MARINE VFD MARKET SIZE, BY VOLTAGE, 2020–2026 (USD MILLION)
        • Table NETHERLANDS: MARINE VFD MARKET SIZE, BY TYPE, 2019–2026 (USD MILLION)
        • Table NETHERLANDS: MARINE VFD MARKET SIZE, BY APPLICATION, 2019–2026 (USD MILLION)
        • Table NETHERLANDS: MARINE VFD MARKET, BY PROPELLER TYPE, 2019–2026 (USD MILLION)
        • Table UK: MARINE VFD MARKET SIZE, BY VOLTAGE, 2016–2019 (USD MILLION)
        • Table UK: MARINE VFD MARKET SIZE, BY VOLTAGE, 2020–2026 (USD MILLION)
        • Table UK: MARINE VFD MARKET SIZE, BY TYPE, 2019–2026 (USD MILLION)
        • Table UK: MARINE VFD MARKET SIZE, BY APPLICATION, 2019–2026 (USD MILLION)
        • Table UK: MARINE VFD MARKET, BY PROPELLER TYPE, 2019–2026 (USD MILLION)
        • Table USSIA: MARINE VFD MARKET SIZE, BY VOLTAGE, 2016–2019 (USD MILLION)
        • Table RUSSIA: MARINE VFD MARKET SIZE, BY VOLTAGE, 2020–2026 (USD MILLION)
        • Table RUSSIA: MARINE VFD MARKET SIZE, BY TYPE, 2019–2026 (USD MILLION)
        • Table RUSSIA: MARINE VFD MARKET SIZE, BY APPLICATION, 2019–2026 (USD MILLION)
        • Table RUSSIA: MARINE VFD MARKET, BY PROPELLER TYPE, 2019–2026 (USD MILLION)
        • Table REST OF EUROPE: MARINE VFD MARKET SIZE, BY VOLTAGE, 2016–2019 (USD MILLION)
        • Table REST OF EUROPE: MARINE VFD MARKET SIZE, BY VOLTAGE, 2020–2026 (USD MILLION)
        • Table REST OF EUROPE: MARINE VFD MARKET SIZE, BY TYPE, 2019–2026 (USD MILLION)
        • Table REST OF EUROPE: MARINE VFD MARKET SIZE, BY APPLICATION, 2019–2026 (USD MILLION)
        • Table REST OF EUROPE: MARINE VFD MARKET, BY PROPELLER TYPE, 2019–2026 (USD MILLION)
    • SOUTH AMERICA
      • BY TYPE
        • Table SOUTH AMERICA: MARINE VFD MARKET SIZE, BY TYPE, 2016–2019 (USD MILLION)
        • Table SOUTH AMERICA: MARINE VFD MARKET SIZE, BY TYPE, 2020–2026 (USD MILLION)
      • BY VOLTAGE
        • Table SOUTH AMERICA: MARINE VFD MARKET SIZE, BY VOLTAGE, 2016–2019 (USD MILLION)
        • Table SOUTH AMERICA: MARINE VFD MARKET SIZE, BY VOLTAGE, 2020–2026 (USD MILLION)
      • BY APPLICATION
        • Table SOUTH AMERICA: MARINE VFD MARKET, BY APPLICATION, 2016–2019 (USD MILLION)
        • Table SOUTH AMERICA: MARINE VFD MARKET, BY APPLICATION, 2020–2026 (USD MILLION)
        • Table SOUTH AMERICA: MARINE VFD MARKET, BY PROPELLER TYPE, 2019–2026 (USD MILLION)
      • BY COUNTRY
        • Table SOUTH AMERICA: MARINE VFD MARKET SIZE, BY COUNTRY, 2016–2019 (USD MILLION)
        • Table SOUTH AMERICA: MARINE VFD MARKET SIZE, BY COUNTRY, 2020–2026 (USD MILLION)
        • Table BRAZIL: MARINE VFD MARKET SIZE, BY VOLTAGE, 2016–2019 (USD MILLION)
        • Table BRAZIL: MARINE VFD MARKET SIZE, BY VOLTAGE, 2020–2026 (USD MILLION)
        • Table BRAZIL: MARINE VFD MARKET SIZE, BY TYPE, 2019–2026 (USD MILLION)
        • Table BRAZIL: MARINE VFD MARKET SIZE, BY APPLICATION, 2019–2026 (USD MILLION)
        • Table BRAZIL: MARINE VFD MARKET, BY PROPELLER TYPE, 2019–2026 (USD MILLION)
        • Table ARGENTINA: MARINE VFD MARKET SIZE, BY VOLTAGE, 2016–2019 (USD MILLION)
        • Table ARGENTINA: MARINE VFD MARKET SIZE, BY VOLTAGE, 2020–2026 (USD MILLION)
        • Table ARGENTINA: MARINE VFD MARKET SIZE, BY TYPE, 2019–2026 (USD MILLION)
        • Table ARGENTINA: MARINE VFD MARKET SIZE, BY APPLICATION, 2019–2026 (USD MILLION)
        • Table ARGENTINA: MARINE VFD MARKET, BY PROPELLER TYPE, 2019–2026 (USD MILLION)
        • Table REST OF SOUTH AMERICA: MARINE VFD MARKET SIZE, BY VOLTAGE, 2016–2019 (USD MILLION)
        • Table REST OF SOUTH AMERICA: MARINE VFD MARKET SIZE, BY VOLTAGE, 2020–2026 (USD MILLION)
        • Table REST OF SOUTH AMERICA: MARINE VFD MARKET SIZE, BY TYPE, 2019–2026 (USD MILLION)
        • Table REST OF SOUTH AMERICA: MARINE VFD MARKET SIZE, BY APPLICATION, 2019–2026 (USD MILLION)
        • Table REST OF SOUTH AMERICA: MARINE VFD MARKET, BY PROPELLER TYPE, 2019–2026 (USD MILLION)
    • MIDDLE EAST & AFRICA
      • BY TYPE
        • Table MIDDLE EAST & AFRICA: MARINE VFD MARKET SIZE, BY TYPE, 2016–2019 (USD MILLION)
        • Table MIDDLE EAST & AFRICA: MARINE VFD MARKET SIZE, BY TYPE, 2020–2026 (USD MILLION)
      • BY VOLTAGE
        • Table MIDDLE EAST & AFRICA: MARINE VFD MARKET SIZE, BY VOLTAGE, 2016–2019 (USD MILLION)
        • Table MIDDLE EAST & AFRICA: MARINE VFD MARKET SIZE, BY VOLTAGE, 2020–2026 (USD MILLION)
      • BY APPLICATION
        • Table MIDDLE EAST & AFRICA: MARINE VFD MARKET, BY APPLICATION, 2016–2019 (USD MILLION)
        • Table MIDDLE EAST & AFRICA: MARINE VFD MARKET, BY APPLICATION, 2020–2026 (USD MILLION)
        • Table MIDDLE EAST & AFRICA: MARINE VFD MARKET, BY PROPELLER TYPE, 2019–2026 (USD MILLION)
      • BY COUNTRY
        • Table MIDDLE EAST & AFRICA: MARINE VFD MARKET SIZE, BY COUNTRY, 2016–2019 (USD MILLION)
        • Table MIDDLE EAST & AFRICA: MARINE VFD MARKET SIZE, BY COUNTRY, 2020–2026 (USD MILLION)
        • Table SAUDI ARABIA: MARINE VFD MARKET SIZE, BY VOLTAGE, 2016–2019 (USD MILLION)
        • Table SAUDI ARABIA: MARINE VFD MARKET SIZE, BY VOLTAGE, 2020–2026 (USD MILLION)
        • Table SAUDI ARABIA: MARINE VFD MARKET SIZE, BY TYPE, 2019–2026 (USD MILLION)
        • Table SAUDI ARABIA: MARINE VFD MARKET SIZE, BY APPLICATION, 2019–2026 (USD MILLION)
        • Table SAUDI ARABIA: MARINE VFD MARKET, BY PROPELLER TYPE, 2019–2026 (USD MILLION)
        • Table UAE: MARINE VFD MARKET SIZE, BY VOLTAGE, 2016–2019 (USD MILLION)
        • Table UAE: MARINE VFD MARKET SIZE, BY VOLTAGE, 2020–2026 (USD MILLION)
        • Table UAE: MARINE VFD MARKET SIZE, BY TYPE, 2019–2026 (USD MILLION)
        • Table UAE: MARINE VFD MARKET SIZE, BY APPLICATION, 2019–2026 (USD MILLION)
        • Table UAE: MARINE VFD MARKET, BY PROPELLER TYPE, 2019–2026 (USD MILLION)
        • Table QATAR: MARINE VFD MARKET SIZE, BY VOLTAGE, 2016–2019 (USD MILLION)
        • Table QATAR: MARINE VFD MARKET SIZE, BY VOLTAGE, 2020–2026 (USD MILLION)
        • Table QATAR: MARINE VFD MARKET SIZE, BY TYPE, 2019–2026 (USD MILLION)
        • Table QATAR: MARINE VFD MARKET SIZE, BY APPLICATION, 2019–2026 (USD MILLION)
        • Table QATAR: MARINE VFD MARKET, BY PROPELLER TYPE, 2019–2026 (USD MILLION)
        • Table SOUTH AFRICA: MARINE VFD MARKET SIZE, BY VOLTAGE, 2016–2019 (USD MILLION)
        • Table SOUTH AFRICA: MARINE VFD MARKET SIZE, BY VOLTAGE, 2020–2026 (USD MILLION)
        • Table SOUTH AFRICA: MARINE VFD MARKET SIZE, BY TYPE, 2019–2026 (USD MILLION)
        • Table SOUTH AFRICA: MARINE VFD MARKET SIZE, BY APPLICATION, 2019–2026 (USD MILLION)
        • Table SOUTH AFRICA: MARINE VFD MARKET, BY PROPELLER TYPE, 2019–2026 (USD MILLION)
        • Table REST OF MIDDLE EAST & AFRICA: MARINE VFD MARKET SIZE, BY VOLTAGE, 2016–2019 (USD MILLION)
        • Table REST OF MIDDLE EAST & AFRICA: MARINE VFD MARKET SIZE, BY VOLTAGE, 2020–2026 (USD MILLION)
        • Table REST OF MIDDLE EAST & AFRICA: MARINE VFD MARKET SIZE, BY TYPE, 2019–2026 (USD MILLION)
        • Table REST OF MIDDLE EAST & AFRICA: MARINE VFD MARKET SIZE, BY APPLICATION, 2019–2026 (USD MILLION)
        • Table REST OF MIDDLE EAST & AFRICA: MARINE VFD MARKET, BY PROPELLER TYPE, 2019–2026 (USD MILLION)
  • COMPETITIVE LANDSCAPE
    • KEY PLAYER STRATEGIES/RIGHT TO WIN
      • Table OVERVIEW OF STRATEGIES ADOPTED BY TOP PLAYERS, JANUARY 2017–SEPTEMBER 2021
    • MARKET SHARE ANALYSIS
      • Table MARINE VFD MARKET: DEGREE OF COMPETITION
    • REVENUE ANALYSIS OF TOP FIVE MARKET PLAYERS
    • COMPETITIVE SCENARIO
      • Table MARINE VFD MARKET: PRODUCT LAUNCHES, JANUARY 2017–AUGUST 2021
      • Table MARINE VFD MARKET: DEALS, JUNE 2017–AUGUST 2021
      • Table MARINE VFD MARKET: OTHERS, JULY 2017–NOVEMBER 2018
    • COMPANY EVALUATION QUADRANT
      • STAR
      • EMERGING LEADER
      • PERVASIVE
      • PARTICIPANT
    • COMPETITIVE BENCHMARKING
      • Table COMPANY PRODUCT FOOTPRINT
      • Table COMPANY APPLICATION FOOTPRINT
      • Table COMPANY VOLTAGE FOOTPRINT
      • Table COMPANY REGION FOOTPRINT
  • COMPANY PROFILES
    • MAJOR PLAYERS
      • ABB
        • Table ABB: COMPANY OVERVIEW
        • Table ABB: PRODUCTS/SOLUTIONS OFFERED
        • Table ABB: DEALS
      • GENERAL ELECTRIC
        • Table GENERAL ELECTRIC: COMPANY OVERVIEW
        • Table GENERAL ELECTRIC: PRODUCTS/SOLUTIONS OFFERED
        • Table GENERAL ELECTRIC: DEALS
      • DANFOSS
        • Table DANFOSS: COMPANY OVERVIEW
        • Table DANFOSS: PRODUCTS/SOLUTIONS OFFERED
        • Table DANFOSS: PRODUCT LAUNCHES
        • Table DANFOSS: DEALS
        • Table DANFOSS: OTHERS
      • ROCKWELL AUTOMATION
        • Table ROCKWELL AUTOMATION: COMPANY OVERVIEW
        • Table ROCKWELL AUTOMATION: PRODUCTS/SOLUTIONS OFFERED
        • Table ROCKWELL AUTOMATION: PRODUCT LAUNCHES
        • Table ROCKWELL AUTOMATION: DEALS
      • SIEMENS
        • Table SIEMENS: COMPANY OVERVIEW
        • Table SIEMENS: PRODUCTS/SOLUTIONS OFFERED
        • Table SIEMENS: PRODUCT LAUNCHES
        • Table SIEMENS: DEALS
      • CG POWER AND INDUSTRIAL SOLUTIONS
        • Table CG POWER AND INDUSTRIAL SOLUTIONS: COMPANY OVERVIEW
        • Table CG POWER AND INDUSTRIAL SOLUTIONS: PRODUCTS/SOLUTIONS OFFERED
      • MITSUBISHI ELECTRIC
        • Table MITSUBISHI ELECTRIC: COMPANY OVERVIEW
        • Table MITSUBISHI ELECTRIC: PRODUCTS/SOLUTIONS OFFERED
        • Table MITSUBISHI ELECTRIC: PRODUCT LAUNCHES
        • Table MITSUBISHI ELECTRIC: DEALS
      • WEG
        • Table WEG: COMPANY OVERVIEW
        • Table WEG: PRODUCTS/SOLUTIONS OFFERED
        • Table WEG: PRODUCT LAUNCHES
      • YASKAWA
        • Table YASKAWA: COMPANY OVERVIEW
        • Table YASKAWA: PRODUCTS/SOLUTIONS OFFERED
        • Table YASKAWA: PRODUCT LAUNCHES
        • Table YASKAWA: DEALS
        • Table YASKAWA: OTHERS
      • PARKER HANNIFIN
        • Table PARKER HANNIFIN: COMPANY OVERVIEW
        • Table PARKER HANNIFIN: PRODUCTS/SOLUTIONS OFFERED
        • Table PARKER HANNIFIN: DEALS
      • INVERTEK DRIVES
        • Table INVERTEK DRIVES: COMPANY OVERVIEW
        • Table INVERTEK DRIVES: PRODUCTS/SOLUTIONS OFFERED
        • Table INVERTEK DRIVES: DEALS
      • BOSCH
        • Table BOSCH: COMPANY OVERVIEW
        • Table BOSCH: PRODUCTS/SOLUTIONS OFFERED
        • Table BOSCH: DEALS
      • FUJI ELECTRIC
        • Table FUJI ELECTRIC: COMPANY OVERVIEW
        • Table FUJI ELECTRIC: PRODUCTS/SOLUTIONS OFFERED
        • Table FUJI ELECTRIC: DEALS
      • SCHNEIDER ELECTRIC
        • Table SCHNEIDER ELECTRIC: COMPANY OVERVIEW
        • Table SCHNEIDER ELECTRIC: PRODUCTS/SOLUTIONS OFFERED
        • Table SCHNEIDER ELECTRIC: DEALS
      • NIDEC
        • Table NIDEC: COMPANY OVERVIEW
        • Table NIDEC: PRODUCTS/SOLUTIONS OFFERED
        • Table NIDEC: DEALS
        • Table NIDEC: OTHERS
    • OTHER KEY PLAYERS
      • HONEYWELL
        • Table HONEYWELL: COMPANY SNAPSHOT
      • JOHNSON CONTROLS
        • Table JOHNSON CONTROLS: COMPANY SNAPSHOT
      • TMEIC
        • Table TMEIC: COMPANY SNAPSHOT
      • HITACHI INDUSTRIAL EQUIPMENT SYSTEMS CO.
        • Table HITACHI INDUSTRIAL EQUIPMENT SYSTEMS CO: COMPANY SNAPSHOT
      • INGETEAM
        • Table INGETEAM: COMPANY SNAPSHOT
      • EMERSON
        • Table EMERSON: COMPANY SNAPSHOT
  • APPENDIX
    • INSIGHTS OF INDUSTRY EXPERTS
    • DISCUSSION GUIDE
    • KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
    • AVAILABLE CUSTOMIZATIONS
    • RELATED REPORTS
    • AUTHOR DETAILS

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