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Variable Frequency Drive Market by Type (AC, DC, and Servo), End-Users (Industrial, Infrastructure, Oil & Gas, and Power Generation), Application (Pumps, Fans, Compressors, Conveyors, Extruders), Power Range, Voltage, and Region - Global Forecast to 2021

Variable Frequency Drive Market by Type (AC, DC, and Servo), End-Users (Industrial, Infrastructure, Oil & Gas, and Power Generation), Application (Pumps, Fans, Compressors, Conveyors, Extruders), Power Range, Voltage, and Region - Global Forecast to 2021

“The variable frequency drive market is projected to grow at a CAGR of 5.94% from 2016 to 2021”
The variable frequency drive (VFD) market is projected to reach USD 24.8 billion by 2021, at a CAGR of 5.94% from 2016 to 2021. VFD are used in infrastructural activities which include commercial buildings such as hospitals, and educational institutions. Increasing urbanization and industrialization in developing countries such as India, growing need for energy efficiency, reduction in operating costs of any energy intensive industry, regulations on energy efficiency, growing trend of industrial automation, and regulations to ensure efficiency are expected to drive the variable frequency drive market.

“The AC drives segment is expected to grow at the highest CAGR from 2016 to 2021”
Based on segment, AC drives are expected to constitute the fastest growing market from 2016 to 2021. AC drives are witnessing an increase in demand, as they are more efficient, requires less maintenance as compared to dc drives. Therefore, the AC drive segment has higher market share than the DC drive segment.

“Variable frequency drives in the low voltage segment is expected to grow at the fastest CAGR from 2016 to 2021”
With regard to voltage, the low voltage segment is estimated to grow at the fastest CAGR. The demand from industries such as utilities, petrochemicals, water & wastewater, metals & mining, and cement, would drive the low voltage drives market. The low voltage drives are generally employed in applications such as pumps, compressors, conveyors, crushers & mills, fans, and kiln applications.

“Asia-Pacific: The largest market for variable frequency drives”
Asia-Pacific is currently the largest market for VFD, closely followed by Europe. The Asian market is primarily driven by countries such as China, India, Japan, Australia, Indonesia, and South Korea. China is expected to dominate the variable frequency drives market, followed by Japan and India. Urbanization and industrialization will drive the Asia-Pacific market during the forecast period.

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- 60%, Tier 2- 27%, Tier 3- 13%
By Designation: C-Level- 35%, Manager-Level- 25%, Others- 40%
By Region: Americas- 40%, Europe- 19%, Asia-Pacific- 17%, Middle East- 15%, and Africa- 9%

Note: The tier of the companies has been defined based on their total revenue; as of 2015: Tier 1 = >USD 20 billion, Tier 2 = USD 10 billion to USD 20 billion, and Tier 3 = <USD 10 billion.
The leading players in the variable frequency market include ABB Ltd (Switzerland), Siemens AG (Germany), Schneider Electric (France), Danfoss (Denmark), Rockwell Automation, Inc. (U.S.), and WEG (Brazil).

Research Coverage:
From an insight perspective, this research report has focused on various levels of analysis—industry analysis (industry trends), market share analysis of top players, supply chain analysis, and company profiles, which together comprise and discuss the basic views on the competitive landscape; emerging and high-growth segments of the variable frequency drive market; high-growth regions; and market drivers, restraints, and opportunities.

The report provides insights on the following pointers:
Market Penetration: Comprehensive information on equipment offered by the top players in the global variable frequency drive market

Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the variable frequency drive market

Market Development: Comprehensive information about lucrative emerging markets – the report analyzes the markets for variable frequency drive across regions

Market Diversification: Exhaustive information about new products, untapped markets, recent developments, and investments in the global variable frequency drive market

Competitive Assessment: In-depth assessment of market shares, strategies, products, and manufacturing capabilities of the leading players in the global variable frequency drive market


  • INTRODUCTION
    • OBJECTIVES OF THE STUDY
    • MARKET DEFINITION
    • MARKET SCOPE
      • MARKETS COVERED
      • YEARS CONSIDERED FOR THE STUDY
    • CURRENCY
    • LIMITATIONS
    • STAKEHOLDERS
  • RESEARCH METHODOLOGY
    • RESEARCH DATA
      • SECONDARY DATA
      • PRIMARY DATA
    • MARKET SIZE ESTIMATION
      • BOTTOM-UP APPROACH
      • TOP-DOWN APPROACH
    • DATA TRIANGULATION
    • RESEARCH ASSUMPTIONS
  • EXECUTIVE SUMMARY
    • HISTORICAL BACKDROP
    • CURRENT SCENARIO
    • FUTURE OUTLOOK
    • CONCLUSION
  • PREMIUM INSIGHTS
    • VARIABLE FREQUENCY DRIVES MARKET, BY VOLTAGE
    • VARIABLE FREQUENCY DRIVES MARKET, BY TYPE
    • ASIA-PACIFIC: THE LARGEST MARKET DURING THE FORECAST PERIOD
    • VARIABLE FREQUENCY DRIVES, BY POWER RANGE
    • VARIABLE FREQUENCY DRIVES, BY APPLICATION
  • MARKET OVERVIEW
    • INTRODUCTION
    • VARIABLE FREQUENCY DRIVES: MARKET SEGMENTATION
    • MARKET DYNAMICS
      • DRIVERS
      • RESTRAINTS
      • OPPORTUNITIES
      • CHALLENGES
  • VARIABLE FREQUENCY DRIVES MARKET, BY TYPE
    • INTRODUCTION
      • Table VARIABLE FREQUENCY DRIVES MARKET, BY TYPE, 2014-2021 (USD MILLION)
    • ALTERNATIVE CURRENT (AC) VARIABLE FREQUENCY DRIVES
      • Table ALTERNATIVE CURRENT (AC): VARIABLE FREQUENCY DRIVES MARKET SIZE, BY REGION, 2014-2021 (USD MILLION)
    • DIRECT CURRENT (DC) VARIABLE FREQUENCY DRIVES
      • Table DIRECT CURRENT (DC) : VARIABLE FREQUENCY DRIVES MARKET SIZE, BY REGION, 2014-2021 (USD MILLION)
    • SERVO VARIABLE FREQUENCY DRIVES
      • Table SERVO DRIVES : VARIABLE FREQUENCY DRIVES MARKET SIZE, BY REGION, 2014-2021 (USD MILLION)
  • VARIABLE FREQUENCY DRIVES MARKET, BY END-USER
    • INTRODUCTION
      • Table VARIABLE FREQUENCY DRIVES MARKET SIZE, BY END-USER, 2014-2021 (USD MILLION)
    • OIL & GAS
      • Table OIL & GAS: VARIABLE FREQUENCY DRIVES MARKET SIZE, BY VOLTAGE, 2014-2021 (USD MILLION)
    • POWER GENERATION
      • Table POWER GENERATION: VARIABLE FREQUENCY DRIVES MARKET SIZE, BY VOLTAGE, 2014-2021 (USD MILLION)
    • INDUSTRIAL
      • Table INDUSTRIAL: VARIABLE FREQUENCY DRIVES MARKET SIZE, BY VOLTAGE, 2014-2021 (USD MILLION)
    • INFRASTRUCTURE
      • Table INFRASTRUCTURE: VARIABLE FREQUENCY DRIVES MARKET SIZE, BY VOLTAGE, 2014-2021 (USD MILLION)
  • VARIABLE FREQUENCY DRIVES MARKET, BY VOLTAGE
    • INTRODUCTION
      • Table VARIABLE FREQUENCY DRIVES MARKET SIZE, BY VOLTAGE, 2014-2021 (USD MILLION)
    • LOW VOLTAGE VARIABLE FREQUENCY DRIVES
      • Table LOW VOLTAGE: VARIABLE FREQUENCY DRIVE MARKET SIZE, BY REGION, 2014-2021 (USD MILLION)
    • MEDIUM VOLTAGE VARIABLE FREQUENCY DRIVES
      • Table MEDIUM VOLTAGE: VARIABLE FREQUENCY MARKET SIZE, BY REGION, 2014-2021 (USD MILLION)
  • VARIABLE FREQUENCY DRIVE MARKET, BY POWER RANGE
    • INTRODUCTION
      • Table VARIABLE FREQUENCY DRIVES MARKET SIZE, BY POWER RANGE, 2014-2021 (USD MILLION)
    • MICRO POWER DRIVES
      • Table MICRO POWER DRIVES: VARIABLE FREQUENCY DRIVES MARKET SIZE, BY REGION, 2014-2021 (USD MILLION)
    • LOW POWER DRIVES
      • Table LOW POWER DRIVES: VARIABLE FREQUENCY DRIVES MARKET SIZE, BY REGION, 2014-2021 (USD MILLION)
    • MEDIUM POWER DRIVES
      • Table MEDIUM POWER DRIVES: VARIABLE FREQUENCY DRIVES MARKET SIZE, BY REGION, 2014-2021 (USD MILLION)
    • HIGH POWER DRIVES
      • Table HIGH POWER DRIVES: VARIABLE FREQUENCY DRIVES MARKET SIZE, BY REGION, 2014-2021 (USD MILLION)
  • VARIABLE FREQUENCY DRIVES MARKET, BY APPLICATION
    • INTRODUCTION
      • Table GLOBAL VARIABLE FREQUENCY DRIVES MARKET SIZE, BY APPLICATION, 2014-2021 (USD MILLION)
    • PUMPS
      • Table PUMPS: VARIABLE FREQUENCY DRIVES MARKET SIZE, BY REGION, 2014-2021 (USD MILLION)
    • FANS
      • Table FANS: VARIABLE FREQUENCY DRIVES MARKET SIZE, BY REGION, 2014-2021 (USD MILLION)
    • COMPRESSORS
      • Table COMPRESSORS: VARIABLE FREQUENCY DRIVES MARKET SIZE, BY REGION, 2014-2021 (USD MILLION)
    • CONVEYORS
      • Table CONVEYORS: VARIABLE FREQUENCY DRIVES MARKET SIZE, BY REGION, 2014-2021 (USD MILLION)
    • EXTRUDERS
      • Table EXTRUDERS: VARIABLE FREQUENCY DRIVES MARKET SIZE, BY REGION, 2014-2021 (USD MILLION)
    • OTHER END-USERS
      • Table OTHER END-USERS: VARIABLE FREQUENCY DRIVES MARKET, BY REGION, 2014-2021 (USD MILLION)
  • VARIABLE FREQUENCY DRIVES MARKET, BY REGION
    • INTRODUCTION
      • Table VARIABLE FREQUENCY DRIVES MARKET SIZE, BY REGION, 2014-2021 (USD MILLION)
    • ASIA-PACIFIC
      • BY VOLTAGE
        • Table ASIA-PACIFIC: VARIABLE FREQUENCY DRIVES MARKET SIZE, BY VOLTAGE 2014-2021 (USD MILLION)
      • BY APPLICATION
        • Table ASIA-PACIFIC: VARIABLE FREQUENCY DRIVES MARKET SIZE, BY APPLICATION, 2014-2021 (USD MILLION)
      • BY POWER RANGE
        • Table ASIA-PACIFIC: VARIABLE FREQUENCY DRIVES MARKET SIZE, BY POWER RANGE, 2014-2021 (USD MILLION)
      • BY COUNTRY
        • Table ASIA-PACIFIC: VARIABLE FREQUENCY DRIVES MARKET SIZE, BY COUNTRY, 2014-2021 (USD MILLION)
        • Table CHINA: VARIABLE FREQUENCY DRIVES MARKET SIZE, BY VOLTAGE, 2014-2021 (USD MILLION)
        • Table JAPAN: VARIABLE FREQUENCY DRIVES MARKET SIZE, BY VOLTAGE, 2014-2021 (USD MILLION)
        • Table INDIA: VARIABLE FREQUENCY DRIVES MARKET SIZE, BY VOLTAGE, 2014-2021 (USD MILLION)
        • Table SOUTH KOREA: VARIABLE FREQUENCY DRIVES MARKET SIZE, BY VOLTAGE, 2014-2021 (USD MILLION)
        • Table INDONESIA: VARIABLE FREQUENCY DRIVES MARKET SIZE, BY VOLTAGE, 2014-2021 (USD MILLION)
        • Table AUSTRALIA: VARIABLE FREQUENCY DRIVES MARKET SIZE, BY VOLTAGE, 2014-2021 (USD MILLION)
        • Table REST OF ASIA-PACIFIC: VARIABLE FREQUENCY DRIVES MARKET SIZE, BY VOLTAGE, 2014-2021 (USD MILLION)
    • EUROPE
      • BY VOLTAGE
        • Table EUROPE: VARIABLE FREQUENCY DRIVES MARKET SIZE, BY VOLTAGE, 2014-2021 (USD MILLION)
      • BY APPLICATION
        • Table EUROPE: VARIABLE FREQUENCY DRIVES MARKET SIZE, BY APPLICATION, 2014-2021 (USD MILLION)
      • BY POWER RANGE
        • Table EUROPE: VARIABLE FREQUENCY DRIVES MARKET SIZE, BY POWER RANGE, 2014-2021 (USD MILLION)
      • BY COUNTRY
        • Table EUROPE: VARIABLE FREQUENCY DRIVES MARKET SIZE, BY COUNTRY, 2014-2021 (USD MILLION)
        • Table GERMANY: VARIABLE FREQUENCY DRIVES MARKET SIZE, BY VOLTAGE, 2014-2021 (USD MILLION)
        • Table FRANCE: VARIABLE FREQUENCY DRIVES MARKET SIZE, BY VOLTAGE, 2014-2021 (USD MILLION)
        • Table RUSSIA: VARIABLE FREQUENCY DRIVES MARKET SIZE, BY VOLTAGE, 2014-2021 (USD MILLION)
        • Table U.K.: VARIABLE FREQUENCY DRIVES MARKET SIZE, BY VOLTAGE, 2014-2021 (USD MILLION)
        • Table ITALY: VARIABLE FREQUENCY DRIVES MARKET SIZE, BY VOLTAGE, 2014-2021 (USD MILLION)
        • Table SPAIN: VARIABLE FREQUENCY DRIVES MARKET SIZE, BY VOLTAGE, 2014-2021 (USD MILLION)
        • Table REST OF EUROPE: VARIABLE FREQUENCY DRIVES MARKET SIZE, BY VOLTAGE, 2014-2021 (USD MILLION)
    • NORTH AMERICA
      • BY VOLTAGE
        • Table NORTH AMERICA: VARIABLE FREQUENCY DRIVES MARKET SIZE, BY VOLTAGE, 2014-2021 (USD MILLION)
      • BY APPLICATION
        • Table NORTH AMERICA: VARIABLE FREQUENCY DRIVES MARKET SIZE, BY APPLICATION 2014-2021 (USD MILLION)
      • BY POWER RANGE
        • Table NORTH AMERICA: VARIABLE FREQUENCY DRIVES MARKET SIZE, BY POWER RANGE, 2014-2021 (USD MILLION)
      • BY COUNTRY
        • Table NORTH AMERICA: VARIABLE FREQUENCY DRIVES MARKET SIZE, BY COUNTRY, 2014-2021 (USD MILLION)
        • Table U.S.: VARIABLE FREQUENCY DRIVES MARKET SIZE, BY VOLTAGE, 2014-2021 (USD MILLION)
        • Table CANADA: VARIABLE FREQUENCY DRIVES MARKET SIZE, BY VOLTAGE, 2014-2021 (USD MILLION)
        • Table MEXICO: VARIABLE FREQUENCY DRIVES MARKET SIZE, BY VOLTAGE, 2014-2021 (USD MILLION)
    • MIDDLE EAST
      • BY VOLTAGE
        • Table MIDDLE EAST: VARIABLE FREQUENCY DRIVES MARKET SIZE, BY VOLTAGE, 2014-2021 (USD MILLION)
      • BY APPLICATION
        • Table MIDDLE EAST: VARIABLE FREQUENCY DRIVES MARKET SIZE, BY APPLICATION, 2014-2021 (USD MILLION)
      • BY POWER RANGE
        • Table MIDDLE EAST: VARIABLE FREQUENCY DRIVES MARKET SIZE, BY POWER RANGE, 2014-2021 (USD MILLION)
      • BY COUNTRY
        • Table MIDDLE EAST: VARIABLE FREQUENCY DRIVES MARKET SIZE, BY COUNTRY, 2014-2021 (USD MILLION)
        • Table SAUDI ARABIA: VARIABLE FREQUENCY DRIVES MARKET SIZE, BY VOLTAGE, 2014-2021 (USD MILLION)
        • Table UAE: VARIABLE FREQUENCY DRIVES MARKET SIZE, BY VOLTAGE, 2014-2021 (USD MILLION)
        • Table QATAR: VARIABLE FREQUENCY DRIVES MARKET SIZE, BY VOLTAGE, 2014-2021 (USD MILLION)
        • Table OMAN: VARIABLE FREQUENCY DRIVES MARKET SIZE, BY VOLTAGE, 2014-2021 (USD MILLION)
        • Table KUWAIT: VARIABLE FREQUENCY DRIVES MARKET SIZE, BY VOLTAGE, 2014-2021 (USD MILLION)
        • Table REST OF MIDDLE EAST: VARIABLE FREQUENCY DRIVES MARKET SIZE, BY TYPE, 2014-2021 (USD MILLION)
    • SOUTH AMERICA
      • BY VOLTAGE
        • Table SOUTH AMERICA: VARIABLE FREQUENCY DRIVES MARKET SIZE, BY VOLTAGE, 2014-2021 (USD MILLION)
      • BY APPLICATION
        • Table SOUTH AMERICA: VARIABLE FREQUENCY DRIVES MARKET SIZE, BY APPLICATION, 2014-2021 (USD MILLION)
      • BY POWER RANGE
        • Table SOUTH AMERICA: VARIABLE FREQUENCY DRIVES MARKET SIZE, BY POWER RANGE, 2014-2021 (USD MILLION)
      • BY COUNTRY
        • Table SOUTH AMERICA: VARIABLE FREQUENCY DRIVES MARKET SIZE, BY COUNTRY, 2014-2021 (USD MILLION)
        • Table BRAZIL: VARIABLE FREQUENCY DRIVES MARKET SIZE, BY VOLTAGE, 2014-2021 (USD MILLION)
        • Table ARGENTINA: VARIABLE FREQUENCY DRIVES MARKET SIZE, BY VOLTAGE, 2014-2021 (USD MILLION)
        • Table CHILE: VARIABLE FREQUENCY DRIVES MARKET SIZE, BY VOLTAGE 2014-2021 (USD MILLION)
        • Table REST OF SOUTH AMERICA: VARIABLE FREQUENCY DRIVES MARKET SIZE, BY VOLTAGE, 2014-2021 (USD MILLION)
    • AFRICA
      • BY VOLTAGE
        • Table AFRICA: VARIABLE FREQUENCY DRIVES MARKET SIZE, BY VOLTAGE, 2014-2021 (USD MILLION)
      • BY APPLICATION
        • Table AFRICA: VARIABLE FREQUENCY DRIVES MARKET SIZE, BY APPLICATION, 2014-2021 (USD MILLION)
      • BY POWER RANGE
        • Table AFRICA: VARIABLE FREQUENCY DRIVES MARKET SIZE, BY POWER RANGE, 2014-2021 (USD MILLION)
      • BY COUNTRY
        • Table AFRICA: VARIABLE FREQUENCY DRIVES MARKET SIZE, BY COUNTRY, 2014-2021 (USD MILLION)
        • Table EGYPT: VARIABLE FREQUENCY DRIVES MARKET SIZE, BY VOLTAGE, 2014-2021 (USD MILLION)
        • Table NIGERIA: VARIABLE FREQUENCY DRIVES MARKET SIZE, BY VOLTAGE, 2014-2021 (USD MILLION)
        • Table SOUTH AFRICA: VARIABLE FREQUENCY DRIVES MARKET SIZE, BY VOLTAGE, 2014-2021 (USD MILLION)
        • Table REST OF AFRICA: VARIABLE FREQUENCY DRIVES MARKET SIZE, BY VOLTAGE, 2014-2021 (USD MILLION)
  • COMPETITIVE LANDSCAPE
    • OVERVIEW
    • MARKET SHARE ANALYSIS, BY VALUE, 2015
    • COMPETITIVE SITUATION & TRENDS
    • CONTRACTS & AGREEMENTS
      • Table CONTRACTS & AGREEMENTS, 2015-2016
    • EXPANSIONS & INVESTMENTS
      • Table EXPANSIONS AND INVESTMENTS, 2014-2016
    • NEW PRODUCT DEVELOPMENTS
      • Table NEW PRODUCT DEVELOPMENTS, 2013-2016
    • MERGERS & ACQUISITIONS
      • Table MERGERS & ACQUISITIONS, 2013-2016
  • COMPANY PROFILES
    • INTRODUCTION
    • ABB LTD
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • DEVELOPMENTS, 2013-2016
      • SWOT ANALYSIS
      • MNM VIEW
    • SIEMENS AG
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • DEVELOPMENTS, 2013-2016
      • SWOT ANALYSIS
      • MNM VIEW
    • SCHNEIDER ELECTRIC SE
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • DEVELOPMENTS, 2013-2016
      • SWOT ANALYSIS
      • MNM VIEW
    • DANFOSS
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • DEVELOPMENTS, 2013-2016
      • SWOT ANALYSIS
      • MNM VIEW
    • ROCKWELL AUTOMATION
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • DEVELOPMENTS, 2013-2016
      • SWOT ANALYSIS
      • MNM VIEW
    • WEG SA
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • DEVELOPMENTS, 2013-2016
    • YASKAWA ELECTRIC CORP
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • DEVELOPMENTS, 2013-2016
    • EATON
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • DEVELOPMENTS, 2013-2016
    • GENERAL ELECTRIC
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • DEVELOPMENTS, 2013-2016
    • EMERSON ELECTRIC CO.
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • DEVELOPMENTS, 2013-2016
    • HITACHI
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • DEVELOPMENTS, 2013-2016
    • CROMPTON GREAVES
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • DEVELOPMENTS, 2013-2016
    • MITSUBISHI HEAVY INDUSTRIES, LTD.
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • DEVELOPMENTS, 2012-2015
    • FUJI ELECTRIC CO.
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • DEVELOPMENTS, 2013-2015
    • TOSHIBA
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • DEVELOPMENTS, 2013-2015
  • APPENDIX
    • INSIGHTS OF INDUSTRY EXPERTS
    • DISCUSSION GUIDE
    • KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
    • AVAILABLE CUSTOMIZATIONS
    • INTRODUCING RT: REAL-TIME MARKET INTELLIGENCE
    • RELATED REPORTS
    • AUTHOR DETAILS

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