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Variable Frequency Drives Market by Power Range (Micro, Low, Medium, High), Voltage (Low & Medium), Application (Pump, Fan, Compressor, Conveyor, Elevator, Extruder & Others) and Region - Global Trends & Forecasts to 2021

Variable Frequency Drives Market by Power Range (Micro, Low, Medium, High), Voltage (Low & Medium), Application (Pump, Fan, Compressor, Conveyor, Elevator, Extruder & Others) and Region - Global Trends & Forecasts to 2021

“The variable frequency drives market is expected to grow at a CAGR of 6.9% during the forecast period”
The global variable frequency drives market is estimated to be at USD 19.38 billion in 2016, and is projected to reach USD 27.11 billion by 2021, at a CAGR of 6.9% from 2016 to 2021. Energy consumption plays an important role in the overall operating costs of any energy intensive industry. Variable frequency drives, which are primarily used to control the speed and torque of electric motors, provide optimized energy use and reduce maintenance costs of electric motors. The growth of the market is attributed to an increased focus on energy efficiency and growth of the industrial sector in developing countries

“Medium voltage variable frequency drives are expected to witness the fastest growth during the forecast period”
Medium voltage variable frequency drives are expected to register the highest growth rate during the forecast period. The major reason behind the same is low current at a given power output, which makes it a feasible option in the industries. On the other hand, the low voltage segment held the largest share in 2015, accounting for more than three quarters of the global market. Its growth has been attributed to the usage of low voltage motors in various applications worldwide across diverse sectors, such as manufacturing, oil & gas, process industries, and chemicals among others.

“Asia-Pacific: The largest market for variable frequency drives”
Asia-Pacific led the variable frequency drives market in 2015, and is projected to continue to do so till 2021. The market in Asia-Pacific is projected to grow at the fastest pace among all regions during the forecast period. This growth is attributed to increasing government mandates to conserve electricity through energy efficiency norms and growing industrialization in the 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 & verify critical qualitative & quantitate information as well as assess future market prospects. Distribution of primary interviews is as follows:
By Company Type: Tier 1 – 40%, Tier 2 – 30%, and Tier 3 – 30%
By Designation: C-Level – 30%, Director Level – 20%, and Others* – 50%
By Region: North America – 10%, Europe – 10%, Asia-Pacific – 70%, and Middle East & Africa – 10%
Note: *Others include product managers, marketing managers, and sales managers.
The tier of the companies has been defined on the basis of their total revenue, as of 2013: Tier 1 = >USD 5 billion, Tier 2 = USD 1 billion to USD 5 billion, and Tier 3 = <USD 1 billion


The study has profiled leading market players of the industry, along with their recent developments and other strategic industry activities. Some of the key players include ABB Ltd. (Switzerland), Siemens AG (Germany), General Electric Company (U.S.), Eaton Corporation (U.S.), Schneider Electric SE (France), Danfoss Group (Denmark), Mitsubishi Electric Co. Ltd. (Japan), and Rockwell Automation (U.S.).

Reasons to buy this report:
From an insight perspective, this research has focused on various analysis levels—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 drives market; high-growth regions; and market drivers, restraints, and opportunities.

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

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

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

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

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


  • INTRODUCTION
    • OBJECTIVES OF THE STUDY
    • MARKET DEFINITION
    • MARKET SCOPE
      • YEARS CONSIDERED FOR THE STUDY
    • CURRENCY & PRICING
    • LIMITATION
    • STAKEHOLDERS
  • RESEARCH METHODOLOGY
    • INTRODUCTION
    • SECONDARY DATA
      • KEY DATA FROM SECONDARY SOURCES
    • PRIMARY DATA
      • KEY DATA FROM PRIMARY SOURCES
      • KEY INDUSTRY INSIGHTS
    • BREAKDOWN OF PRIMARIES
    • MARKET SIZE ESTIMATION
      • BOTTOM-UP APPROACH
      • TOP-DOWN APPROACH
    • MARKET BREAKDOWN & DATA TRIANGULATION
    • RESEARCH ASSUMPTIONS & LIMITATIONS
      • ASSUMPTIONS
      • LIMITATIONS
  • EXECUTIVE SUMMARY
  • PREMIUM INSIGHTS
    • ATTRACTIVE OPPORTUNITIES IN THE VARIABLE FREQUENCY DRIVES MARKET, 2016-2021
    • ASIA-PACIFIC ACCOUNTED FOR THE LARGEST MARKET SHARE IN 2015
    • VARIABLE FREQUENCY DRIVES MARKET, BY APPLICATION, 2016-2021
    • VARIABLE FREQUENCY DRIVES MARKET IN THE ASIA-PACIFIC REGION IS EXPECTED TO BE DRIVEN BY CHINA & INDIA
    • LOW VOLTAGE SEGMENT IS EXPECTED TO DOMINATE THE GLOBAL VARIABLE FREQUENCY DRIVES MARKET DURING THE FORECAST PERIOD
    • LIFE CYCLE ANALYSIS, BY REGION
  • MARKET OVERVIEW
    • INTRODUCTION
    • VARIABLE FREQUENCY DRIVES: MARKET SEGMENTATION
      • BY VOLTAGE
      • BY APPLICATION
      • BY POWER RANGE
      • BY REGION
    • MARKET DYNAMICS
      • DRIVERS
      • RESTRAINTS
      • OPPORTUNITIES
      • CHALLENGES
    • SUPPLY CHAIN ANALYSIS
    • VARIABLE FREQUENCY DRIVES: TOPOLOGIES
      • VOLTAGE SOURCE INVERTER
      • CURRENT SOURCE INVERTER
      • SIX STEP INVERTER
      • LOAD COMMUTATED INVERTER
      • CYCLOCONVERTER
      • SLIP ENERGY RECOVERY DRIVE
    • PORTER'S FIVE FORCES ANALYSIS
      • THREAT OF NEW ENTRANTS
      • THREAT OF SUBSTITUTES
      • BARGAINING POWER OF SUPPLIERS
      • BARGAINING POWER OF BUYERS
      • INTENSITY OF RIVALRY
  • VARIABLE FREQUENCY DRIVES MARKET, BY POWER RANGE
    • INTRODUCTION
      • Table VARIABLE FREQUENCY DRIVES MARKET SIZE, BY POWER RANGE, 2014-2021 (USD MILLION)
    • MICRO POWER DRIVES
      • Table MICRO POWER: VARIABLE FREQUENCY DRIVES MARKET SIZE, BY REGION, 2014-2021 (USD MILLION)
    • LOW POWER DRIVES
      • Table LOW POWER: VARIABLE FREQUENCY DRIVES MARKET SIZE, BY REGION, 2014-2021 (USD MILLION)
    • MEDIUM POWER DRIVES
      • Table MEDIUM POWER: VARIABLE FREQUENCY DRIVES MARKET SIZE, BY REGION, 2014-2021 (USD MILLION)
    • HIGH POWER DRIVES
      • Table HIGH POWER: VARIABLE FREQUENCY DRIVES MARKET SIZE, BY REGION, 2014-2021 (USD MILLION)
  • VARIABLE FREQUENCY DRIVES MARKET, BY APPLICATION
    • INTRODUCTION
      • Table 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 APPLICATIONS
      • Table OTHERS: VARIABLE FREQUENCY DRIVES MARKET SIZE, BY REGION, 2014-2020 (USD MILLION)
  • VARIABLE FREQUENCY DRIVES MARKET, BY VOLTAGE
    • INTRODUCTION
      • Table VARIABLE FREQUENCY DRIVES MARKET SIZE, BY VOLTAGE, 2014-2021 (USD MILLION)
    • LOW VOLTAGE
      • Table LOW VOLTAGE: VARIABLE FREQUENCY DRIVES MARKET SIZE, BY REGION, 2014-2021 (USD MILLION)
    • MEDIUM VOLTAGE
      • Table MEDIUM VOLTAGE VARIABLE FREQUENCY DRIVES USED BY DIFFERENT END-USE INDUSTRIES
      • Table MEDIUM VOLTAGE: VARIABLE FREQUENCY DRIVES MARKET SIZE, 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
      • Table ASIA-PACIFIC: VARIABLE FREQUENCY DRIVES MARKET SIZE, BY VOLTAGE, 2014-2021 (USD MILLION)
      • Table ASIA-PACIFIC: VARIABLE FREQUENCY DRIVES MARKET SIZE, BY APPLICATION, 2014-2021 (USD MILLION)
      • Table ASIA-PACIFIC: VARIABLE FREQUENCY DRIVES MARKET SIZE, BY POWER RANGE, 2014-2021 (USD MILLION)
      • 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 AUSTRALIA: 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 REST OF ASIA-PACIFIC: VARIABLE FREQUENCY DRIVES MARKET SIZE, BY VOLTAGE, 2014-2021 (USD MILLION)
    • EUROPE
      • Table EUROPE: VARIABLE FREQUENCY DRIVES MARKET SIZE, BY VOLTAGE, 2014-2021 (USD MILLION)
      • Table EUROPE: VARIABLE FREQUENCY DRIVES MARKET SIZE, BY APPLICATION, 2014-2021 (USD MILLION)
      • Table EUROPE: VARIABLE FREQUENCY DRIVES MARKET SIZE, BY POWER RANGE, 2014-2021 (USD MILLION)
      • 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
      • Table NORTH AMERICA: VARIABLE FREQUENCY DRIVES MARKET SIZE, BY VOLTAGE, 2014-2021 (USD MILLION)
      • Table NORTH AMERICA: VARIABLE FREQUENCY DRIVES MARKET SIZE, BY APPLICATION, 2014-2021 (USD MILLION)
      • 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
      • Table MIDDLE EAST: VARIABLE FREQUENCY DRIVES MARKET SIZE, BY VOLTAGE, 2014-2021 (USD MILLION)
      • Table MIDDLE EAST: VARIABLE FREQUENCY DRIVES MARKET SIZE, BY APPLICATION, 2014-2021 (USD MILLION)
      • Table MIDDLE EAST: VARIABLE FREQUENCY DRIVES MARKET SIZE, BY POWER RANGE, 2014-2021 (USD MILLION)
      • 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 VOLTAGE, 2014-2021 (USD MILLION)
    • AFRICA
      • Table AFRICA: VARIABLE FREQUENCY DRIVES MARKET SIZE, BY VOLTAGE, 2014-2021 (USD MILLION)
      • Table AFRICA: VARIABLE FREQUENCY DRIVES MARKET SIZE, BY APPLICATION, 2014-2021 (USD MILLION)
      • Table AFRICA: VARIABLE FREQUENCY DRIVES MARKET SIZE, BY POWER RANGE, 2014-2021 (USD MILLION)
      • 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)
    • SOUTH AMERICA
      • Table SOUTH AMERICA: VARIABLE FREQUENCY DRIVES MARKET SIZE, BY VOLTAGE, 2014-2021 (USD MILLION)
      • Table SOUTH AMERICA: VARIABLE FREQUENCY DRIVES MARKET SIZE, BY APPLICATION, 2014-2021 (USD MILLION)
      • Table SOUTH AMERICA: VARIABLE FREQUENCY DRIVES MARKET SIZE, BY POWER RANGE, 2014-2021 (USD MILLION)
      • 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)
  • COMPETITIVE LANDSCAPE
    • OVERVIEW
    • COMPETITIVE SITUATION & TRENDS
      • NEW PRODUCT DEVELOPMENT & EXPANSION
        • Table NEW PRODUCT DEVELOPMENT & EXPANSION, 2015-2016
      • PARTNERSHIPS/AGREEMENTS/COLLABORATIONS
        • Table PARTNERSHIPS/AGREEMENTS/COLLABORATIONS, 2015-2016
      • MERGERS & ACQUISITIONS
        • Table MERGERS & ACQUISITIONS, 2013-2015
      • OTHER DEVELOPMENTS
        • Table OTHER DEVELOPMENTS, 2014-2015
  • COMPANY PROFILES
    • ABB LTD.
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • DEVELOPMENTS, 2013-2016
      • SWOT ANALYSIS
      • MNM VIEW
    • GENERAL ELECTRIC COMPANY (GE)
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • DEVELOPMENTS, 2013-2015
      • SWOT ANALYSIS
      • MNM VIEW
    • SCHNEIDER ELECTRIC CO.
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • DEVELOPMENTS, 2012-2015
      • SWOT ANALYSIS
      • MNM VIEW
    • SIEMENS AG
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • DEVELOPMENTS, 2012-2015
      • SWOT ANALYSIS
      • MNM VIEW
    • EMERSON ELECTRIC CO.
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • DEVELOPMENTS, 2012-2015
      • SWOT ANALYSIS
      • MNM VIEW
    • EATON CORPORATION PLC.
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • DEVELOPMENTS, 2014-2016
    • CROMPTON GREAVES LIMITED
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • DEVELOPMENTS, 2011-2014
    • HITACHI LTD.
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • DEVELOPMENTS, 2015-2016
    • DANFOSS
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • DEVELOPMENTS, 2013-2014
    • TOSHIBA INTERNATIONAL CORPORATION
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • DEVELOPMENTS, 2013-2016
    • MITSUBISHI ELECTRIC CORPORATION
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • DEVELOPMENTS, 2014-2015
    • HONEYWELL INTERNATIONAL, INC.
      • BUSINESS OVERVIEW
      • PRODUCT OFFERED
    • ROCKWELL AUTOMATION
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • DEVELOPMENTS, 2012-2015
  • APPENDIX
    • INSIGHTS FROM INDUSTRY EXPERTS
    • DISCUSSION GUIDE
    • KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
    • INTRODUCING RT: REAL TIME MARKET INTELLIGENCE
    • AVAILABLE CUSTOMIZATIONS
    • RELATED REPORTS

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