Home / Semiconductor & Electronics / Variable Frequency Drive Market By Drive Type (AC Drive, DC Drive, Servo Drive), By Voltage Range (Low Range, Medium Range), By Application (Pump, Fan, Compressor, Conveyor, HVAC, Others), By End User (Oil & Gas, Food Processing, Automotive, Mining & Metals, Pulp & Papers, Others) - Growth, Share, Opportunities & Competitive Analysis, 2016 - 2024

Variable Frequency Drive Market By Drive Type (AC Drive, DC Drive, Servo Drive), By Voltage Range (Low Range, Medium Range), By Application (Pump, Fan, Compressor, Conveyor, HVAC, Others), By End User (Oil & Gas, Food Processing, Automotive, Mining & Metals, Pulp & Papers, Others) - Growth, Share, Opportunities & Competitive Analysis, 2016 - 2024

Published: Jan 2017 | Report Code: 58342-01-17

Growing focus of end user organizations to enhance energy efficiency and business productivity is driving growth of the variable frequency drive market across the globe. Also, compatibility of advanced variable frequency drives with existing motors is increasing the uptake across various end user verticals. Further, broadening application area is expected to increase the adoption of variable frequency drives such as AC, DC and servo drive, propelling market growth. However, technical irregularities associated with these drives is expected to hamper growth of the variable frequency drive market. Additionally, high cost of deployment is impeding the adoption of variable frequency drive with medium voltage, especially in developing regions.

Variable Frequency Drive Market

Report Scope

This report analyzes the global variable frequency drive market in terms of drive type, application, service, end user, and geography. The global variable frequency drive market has been segmented based on drive type into alternating current (AC) drive, direct current (DC) drive and servo drive. By voltage, the market is bifurcated into low range and medium range. On the basis of application, the global variable frequency drive market is segmented into pump, fan, compressor, conveyor, HVAC, and other application. Based on end user, the market is classified into oil & gas, food processing, automotive, mining & metals, pulp & papers, and others. The global variable frequency drive market covers major geographies such as North America, Europe, Asia Pacific, and Rest of World.

Variable Frequency Drive Market

Major players operating in the variable frequency drive market follow the strategy of operational expansion in order to enhance their production capacity, market presence and customer base. Also, acquisition and mergers to expand geographical and market share is another major strategy adopted by key vendors in the variable frequency drive market. Some of the prominent players identified in the variable frequency drive market are Fuji Electric Co., Ltd, Mitsubishi Electric Corporation, Siemens AG, ABB Ltd., American Electric Technologies Inc. (AETI), GE Energy Power Conversion, Hitachi Ltd., Honeywell International Inc., Johnson Controls Inc., and Schneider Electric.

1.1    Report Description

Purpose of the Report

The purpose of this strategic research study titled “Global Variable Frequency Drive Market - Growth, Share, Opportunities, and Competitive Analysis, 2016 – 2024” is to offer industry investors, company executives, and industry participants with in-depth insights to enable them make informed strategic decisions related to the opportunities in the global Variable Frequency Drive market.

Target Audience

  • Industry Investors
  • Variable Frequency Drive Providers
  • Component Manufacturers
  • Government Agencies

USP and Key Offerings

The report titled “Global Variable Frequency Drive Market- Growth, Share, Opportunities, and Competitive Analysis, 2016 – 2024” offers strategic insights into the global Variable Frequency Drive market along with the market size and estimates for the duration 2014 to 2024. The said research study covers in-depth analysis of multiple market segments based on drive type, end user, and cross-sectional study across different geographies. In order to help strategic decision makers, the report also includes competitive profiling of the leading variable frequency drive vendors, their SCOT (Strength, Challenges, Opportunities, and Threats) analysis, market positioning, and key developments. Other in-depth analysis provided in the report includes:

  • Current and future market trends to justify the forthcoming attractive markets within the variable frequency drive market
  • Market fuelers, market impediments, and their impact on the market growth
  • In-depth competitive environment analysis
  • Ecosystem Analysis
  • SRC (Segment-Region-Country) Analysis

Overall, the research study provides a holistic view of the global variable frequency drive market, offering market size and estimates for the period from 2014 to 2024, keeping in mind the above mentioned factors.

1. Preface
1.1. Report Scope and Description
1.2. Research Methodology
1.2.1. Phase I-Secondary Research
1.2.2. Phase II-Primary Research
1.2.3. Phase II-Expert Panel Review
1.2.4. Assumptions
1.2.5. Approach Adopted

2. Executive Summary
2.1. Global Variable Frequency Drive Market Snapshot

3. Global Variable Frequency Drive Market Analysis
3.1. Global Variable Frequency Drive Market Overview
3.2. Market Inclination Insights
3.2.1. Recent Trends
3.2.2. Future Outlook
3.3. Market Dynamics
3.3.1. Market Drivers
3.3.2. Market Challenges

4. Global Variable Frequency Drive Market Revenue, By Drive Type, 2014 – 2024 (US$ Mn)
4.1. Comparative Analysis
4.1.1. AC Drive
4.1.2. DC Drive
4.1.3. Servo Drive

5. Global Variable Frequency Drive Market Revenue, By Voltage Range, 2014 – 2024 (US$ Mn)
5.1. Comparative Analysis
5.1.1. Low Range
5.1.2. Medium Range

6. Global Variable Frequency Drive Market Revenue, By Application, 2014 – 2024 (US$ Mn)
6.1. Comparative Analysis
6.1.1. Pump
6.1.2. Fan
6.1.3. Compressor
6.1.4. Conveyor
6.1.5. HVAC
6.1.6. Others

7. Global Variable Frequency Drive Market Revenue, By End User, 2014 – 2024 (US$ Mn)
7.1. Comparative Analysis
7.1.1. Oil & Gas
7.1.2. Food Processing
7.1.3. Automotive
7.1.4. Mining & Metals
7.1.5. Pulp & Papers
7.1.6. Others

8. Global Variable Frequency Drive Market Revenue, By Geography, 2014 – 2024 (US$ Mn)
8.1. Comparative Analysis
8.1.1. North America
8.1.2. Europe
8.1.3. Asia Pacific
8.1.4. Rest of the World

9. North America Variable Frequency Drive Market Analysis, 2014 – 2024 (US$ Mn)
9.1. North America Variable Frequency Drive Market Revenue, By Drive Type, 2014 – 2024 (US$ Mn)
9.1.1. AC Drive
9.1.2. DC Drive
9.1.3. Servo Drive
9.2. North America Variable Frequency Drive Market Revenue, By Voltage Range, 2014 – 2024 (US$ Mn)
9.2.1. Low Range
9.2.2. Medium Range
9.3. North America Variable Frequency Drive Market Revenue, By Application, 2014 – 2024 (US$ Mn)
9.3.1. Pump
9.3.2. Fan
9.3.3. Compressor
9.3.4. Conveyor
9.3.5. HVAC
9.3.6. Others
9.4. North America Variable Frequency Drive Market Revenue, By End User, 2014 – 2024 (US$ Mn)
9.4.1. Oil & Gas
9.4.2. Food Processing
9.4.3. Automotive
9.4.4. Mining & Metals
9.4.5. Pulp & Papers
9.4.6. Others
9.5. North America Variable Frequency Drive Market Revenue, By Country, 2014 – 2024 (US$ Mn)
9.5.1. U.S.
9.5.1.1. U.S. Variable Frequency Drive Market Revenue, By Drive Type, 2014 – 2024 (US$ Mn)
9.5.1.2. U.S. Variable Frequency Drive Market Revenue, By Voltage Range, 2014 – 2024 (US$ Mn)
9.5.1.3. U.S. Variable Frequency Drive Market Revenue, By Application, 2014 – 2024 (US$ Mn)
9.5.1.4. U.S. Variable Frequency Drive Market Revenue, By End User, 2014 – 2024 (US$ Mn)
9.5.2. Canada
9.5.2.1. Canada Variable Frequency Drive Market Revenue, By Drive Type, 2014 – 2024 (US$ Mn)
9.5.2.2. Canada Variable Frequency Drive Market Revenue, By Voltage Range, 2014 – 2024 (US$ Mn)
9.5.2.3. Canada Variable Frequency Drive Market Revenue, By Application, 2014 – 2024 (US$ Mn)
9.5.2.4. Canada Variable Frequency Drive Market Revenue, By End User, 2014 – 2024 (US$ Mn)

10. Europe Variable Frequency Drive Market Analysis, 2014 – 2024 (US$ Mn)
10.1. Europe Variable Frequency Drive Market Revenue, By Drive Type, 2014 – 2024 (US$ Mn)
10.1.1. AC Drive
10.1.2. DC Drive
10.1.3. Servo Drive
10.2. Europe Variable Frequency Drive Market Revenue, By Voltage Range, 2014 – 2024 (US$ Mn)
10.2.1. Low Range
10.2.2. Medium Range
10.3. Europe Variable Frequency Drive Market Revenue, By Application, 2014 – 2024 (US$ Mn)
10.3.1. Pump
10.3.2. Fan
10.3.3. Compressor
10.3.4. Conveyor
10.3.5. HVAC
10.3.6. Others
10.4. Europe Variable Frequency Drive Market Revenue, By End User, 2014 – 2024 (US$ Mn)
10.4.1. Oil & Gas
10.4.2. Food Processing
10.4.3. Automotive
10.4.4. Mining & Metals
10.4.5. Pulp & Papers
10.4.6. Others
10.5. Europe Variable Frequency Drive Market Revenue, By Country, 2014 – 2024 (US$ Mn)
10.5.1. United Kingdom
10.5.1.1. United Kingdom Variable Frequency Drive Market Revenue, By Drive Type, 2014 – 2024 (US$ Mn)
10.5.1.2. United Kingdom Variable Frequency Drive Market Revenue, By Voltage Range, 2014 – 2024 (US$ Mn)
10.5.1.3. United Kingdom Variable Frequency Drive Market Revenue, By Application, 2014 – 2024 (US$ Mn)
10.5.1.4. United Kingdom Variable Frequency Drive Market Revenue, By End User, 2014 – 2024 (US$ Mn)
10.5.2. France
10.5.2.1. France Variable Frequency Drive Market Revenue, By Drive Type, 2014 – 2024 (US$ Mn)
10.5.2.2. France Variable Frequency Drive Market Revenue, By Voltage Range, 2014 – 2024 (US$ Mn)
10.5.2.3. France Variable Frequency Drive Market Revenue, By Application, 2014 – 2024 (US$ Mn)
10.5.2.4. France Variable Frequency Drive Market Revenue, By End User, 2014 – 2024 (US$ Mn)
10.5.3. Germany
10.5.3.1. Germany Variable Frequency Drive Market Revenue, By Drive Type, 2014 – 2024 (US$ Mn)
10.5.3.2. Germany Variable Frequency Drive Market Revenue, By Voltage Range, 2014 – 2024 (US$ Mn)
10.5.3.3. Germany Variable Frequency Drive Market Revenue, By Application, 2014 – 2024 (US$ Mn)
10.5.3.4. Germany Variable Frequency Drive Market Revenue, By End User, 2014 – 2024 (US$ Mn)
10.5.4. Rest of Europe
10.5.4.1. Rest of Europe Variable Frequency Drive Market Revenue, By Drive Type, 2014 – 2024 (US$ Mn)
10.5.4.2. Rest of Europe Variable Frequency Drive Market Revenue, By Voltage Range, 2014 – 2024 (US$ Mn)
10.5.4.3. Rest of Europe Variable Frequency Drive Market Revenue, By Application, 2014 – 2024 (US$ Mn)
10.5.4.4. Rest of Europe Variable Frequency Drive Market Revenue, By End User, 2014 – 2024 (US$ Mn)

11. Asia Pacific Variable Frequency Drive Market Analysis, 2014 – 2024 (US$ Mn)
11.1. Asia Pacific Variable Frequency Drive Market Revenue, By Drive Type, 2014 – 2024 (US$ Mn)
11.1.1. AC Drive
11.1.2. DC Drive
11.1.3. Servo Drive
11.2. Asia Pacific Variable Frequency Drive Market Revenue, By Voltage Range, 2014 – 2024 (US$ Mn)
11.2.1. Low Range
11.2.2. Medium Range
11.3. Asia Pacific Variable Frequency Drive Market Revenue, By Application, 2014 – 2024 (US$ Mn)
11.3.1. Pump
11.3.2. Fan
11.3.3. Compressor
11.3.4. Conveyor
11.3.5. HVAC
11.3.6. Others
11.4. Asia Pacific Variable Frequency Drive Market Revenue, By End User, 2014 – 2024 (US$ Mn)
11.4.1. Oil & Gas
11.4.2. Food Processing
11.4.3. Automotive
11.4.4. Mining & Metals
11.4.5. Pulp & Papers
11.4.6. Others
11.5. Asia Pacific Variable Frequency Drive Market Revenue, By Country, 2014 – 2024 (US$ Mn)
11.5.1. Japan
11.5.1.1. Japan Variable Frequency Drive Market Revenue, By Drive Type, 2014 – 2024 (US$ Mn)
11.5.1.2. Japan Variable Frequency Drive Market Revenue, By Voltage Range, 2014 – 2024 (US$ Mn)
11.5.1.3. Japan Variable Frequency Drive Market Revenue, By Application, 2014 – 2024 (US$ Mn)
11.5.1.4. Japan Variable Frequency Drive Market Revenue, By End User, 2014 – 2024 (US$ Mn)
11.5.2. China
11.5.2.1. China Variable Frequency Drive Market Revenue, By Drive Type, 2014 – 2024 (US$ Mn)
11.5.2.2. China Variable Frequency Drive Market Revenue, By Voltage Range, 2014 – 2024 (US$ Mn)
11.5.2.3. China Variable Frequency Drive Market Revenue, By Application, 2014 – 2024 (US$ Mn)
11.5.2.4. China Variable Frequency Drive Market Revenue, By End User, 2014 – 2024 (US$ Mn)
11.5.3. India
11.5.3.1. India Variable Frequency Drive Market Revenue, By Drive Type, 2014 – 2024 (US$ Mn)
11.5.3.2. India Variable Frequency Drive Market Revenue, By Voltage Range, 2014 – 2024 (US$ Mn)
11.5.3.3. India Variable Frequency Drive Market Revenue, By Application, 2014 – 2024 (US$ Mn)
11.5.3.4. India Variable Frequency Drive Market Revenue, By End User, 2014 – 2024 (US$ Mn)
11.5.4. Rest of Asia Pacific
11.5.4.1. Rest of Asia Pacific Variable Frequency Drive Market Revenue, By Drive Type, 2014 – 2024 (US$ Mn)
11.5.4.2. Rest of Asia Pacific Variable Frequency Drive Market Revenue, By Voltage Range, 2014 – 2024 (US$ Mn)
11.5.4.3. Rest of Asia Pacific Variable Frequency Drive Market Revenue, By Application, 2014 – 2024 (US$ Mn)
11.5.4.4. Rest of Asia Pacific Variable Frequency Drive Market Revenue, By End User, 2014 – 2024 (US$ Mn)

12. Rest of World Variable Frequency Drive Market Analysis, 2014 – 2024 (US$ Mn)
12.1. Rest of World Variable Frequency Drive Market Revenue, By Drive Type, 2014 – 2024 (US$ Mn)
12.1.1. AC Drive
12.1.2. DC Drive
12.1.3. Servo Drive
12.2. Rest of World Variable Frequency Drive Market Revenue, By Voltage Range, 2014 – 2024 (US$ Mn)
12.2.1. Low Range
12.2.2. Medium Range
12.3. Rest of World Variable Frequency Drive Market Revenue, By Application, 2014 – 2024 (US$ Mn)
12.3.1. Pump
12.3.2. Fan
12.3.3. Compressor
12.3.4. Conveyor
12.3.5. HVAC
12.3.6. Others
12.4. Rest of World Variable Frequency Drive Market Revenue, By End User, 2014 – 2024 (US$ Mn)
12.4.1. Oil & Gas
12.4.2. Food Processing
12.4.3. Automotive
12.4.4. Mining & Metals
12.4.5. Pulp & Papers
12.4.6. Others
12.5. Rest of World Variable Frequency Drive Market Revenue, By Country, 2014 – 2024 (US$ Mn)
12.5.1. Latin America
12.5.1.1. Latin America Variable Frequency Drive Market Revenue, By Drive Type, 2014 – 2024 (US$ Mn)
12.5.1.2. Latin America Variable Frequency Drive Market Revenue, By Voltage Range, 2014 – 2024 (US$ Mn)
12.5.1.3. Latin America Variable Frequency Drive Market Revenue, By Application, 2014 – 2024 (US$ Mn)
12.5.1.4. Latin America Variable Frequency Drive Market Revenue, By End User, 2014 – 2024 (US$ Mn)
12.5.2. Middle East & Africa
12.5.2.1. Middle East & Africa Variable Frequency Drive Market Revenue, By Drive Type, 2014 – 2024 (US$ Mn)
12.5.2.2. Middle East & Africa Variable Frequency Drive Market Revenue, By Voltage Range, 2014 – 2024 (US$ Mn)
12.5.2.3. Middle East & Africa Variable Frequency Drive Market Revenue, By Application, 2014 – 2024 (US$ Mn)
12.5.2.4. Middle East & Africa Variable Frequency Drive Market Revenue, By End User, 2014 – 2024 (US$ Mn)

13. Company Profile
13.1. Fuji Electric Co., Ltd
13.2. Mitsubishi Electric Corporation
13.3. Siemens AG
13.4. ABB Ltd.
13.5. American Electric Technologies Inc. (AETI)
13.6. GE Energy Power Conversion
13.7. Hitachi Ltd.
13.8. Honeywell International Inc.
13.9. Johnson Controls Inc.,
13.10. Schneider Electric

List Of Table :

TABLE 1 Market Snapshot: Global Variable Frequency Drive Market
TABLE 2 Evolution of Digital Healthcare
TABLE 3 Impact Indicators
TABLE 4 Impact Analysis of Drivers and Restraints
TABLE 5 North America Variable Frequency Drive Market Revenue, By Drive Type, 2014 - 2024 (US$ Mn)
TABLE 6 North America Variable Frequency Drive Market Revenue, By Voltage Range, 2014 - 2024 (US$ Mn)
TABLE 7 North America Variable Frequency Drive Market Revenue, By Application, 2014 - 2024 (US$ Mn)
TABLE 8 North America Variable Frequency Drive Market Revenue, By End User, 2014 - 2024 (US$ Mn)
TABLE 9 U.S. Variable Frequency Drive Market Revenue, By Drive Type, 2014 - 2024 (US$ Mn)
TABLE 10 U.S. Variable Frequency Drive Market Revenue, By Voltage Range, 2014 - 2024 (US$ Mn)
TABLE 11 U.S. Variable Frequency Drive Market Revenue, By Application, 2014 - 2024 (US$ Mn)
TABLE 12 U.S. Variable Frequency Drive Market Revenue, By End User, 2014 - 2024 (US$ Mn)
TABLE 13 Canada Variable Frequency Drive Market Revenue, By Drive Type, 2014 - 2024 (US$ Mn)
TABLE 14 Canada Variable Frequency Drive Market Revenue, By Voltage Range, 2014 - 2024 (US$ Mn)
TABLE 15 Canada Variable Frequency Drive Market Revenue, By Application, 2014 - 2024 (US$ Mn)
TABLE 16 Canada Variable Frequency Drive Market Revenue, By End User, 2014 - 2024 (US$ Mn)
TABLE 17 Europe Variable Frequency Drive Market Revenue, By Drive Type, 2014 - 2024 (US$ Mn)
TABLE 18 Europe Variable Frequency Drive Market Revenue, By Voltage Range, 2014 - 2024 (US$ Mn)
TABLE 19 Europe Variable Frequency Drive Market Revenue, By Application, 2014 - 2024 (US$ Mn)
TABLE 20 Europe Variable Frequency Drive Market Revenue, By End User, 2014 - 2024 (US$ Mn)
TABLE 21 United Kingdom Variable Frequency Drive Market Revenue, By Drive Type, 2014 - 2024 (US$ Mn)
TABLE 22 United Kingdom Variable Frequency Drive Market Revenue, By Voltage Range, 2014 - 2024 (US$ Mn)
TABLE 23 United Kingdom Variable Frequency Drive Market Revenue, By Application, 2014 - 2024 (US$ Mn)
TABLE 24 United Kingdom Variable Frequency Drive Market Revenue, By End User, 2014 - 2024 (US$ Mn)
TABLE 25 France Variable Frequency Drive Market Revenue, By Drive Type, 2014 - 2024 (US$ Mn)
TABLE 26 France Variable Frequency Drive Market Revenue, By Voltage Range, 2014 - 2024 (US$ Mn)
TABLE 27 France Variable Frequency Drive Market Revenue, By Application, 2014 - 2024 (US$ Mn)
TABLE 28 France Variable Frequency Drive Market Revenue, By End User, 2014 - 2024 (US$ Mn)
TABLE 29 Germany Variable Frequency Drive Market Revenue, By Drive Type, 2014 - 2024 (US$ Mn)
TABLE 30 Germany Variable Frequency Drive Market Revenue, By Voltage Range, 2014 - 2024 (US$ Mn)
TABLE 31 Germany Variable Frequency Drive Market Revenue, By Application, 2014 - 2024 (US$ Mn)
TABLE 32 Germany Variable Frequency Drive Market Revenue, By End User, 2014 - 2024 (US$ Mn)
TABLE 33 Rest of Europe Variable Frequency Drive Market Revenue, By Drive Type, 2014 - 2024 (US$ Mn)
TABLE 34 Rest of Europe Variable Frequency Drive Market Revenue, By Voltage Range, 2014 - 2024 (US$ Mn)
TABLE 35 Rest of Europe Variable Frequency Drive Market Revenue, By Application, 2014 - 2024 (US$ Mn)
TABLE 36 Rest of Europe Variable Frequency Drive Market Revenue, By End User, 2014 - 2024 (US$ Mn)
TABLE 37 Asia Pacific Variable Frequency Drive Market Revenue, By Drive Type, 2014 - 2024 (US$ Mn)
TABLE 38 Asia Pacific Variable Frequency Drive Market Revenue, By Voltage Range, 2014 - 2024 (US$ Mn)
TABLE 39 Asia Pacific Variable Frequency Drive Market Revenue, By Application, 2014 - 2024 (US$ Mn)
TABLE 40 Asia Pacific Variable Frequency Drive Market Revenue, By End User, 2014 - 2024 (US$ Mn)
TABLE 41 Japan Variable Frequency Drive Market Revenue, By Drive Type, 2014 - 2024 (US$ Mn)
TABLE 42 Canada Variable Frequency Drive Market Revenue, By Application, 2014 - 2024 (US$ Mn)
TABLE 43 Japan Variable Frequency Drive Market Revenue, By Application, 2014 - 2024 (US$ Mn)
TABLE 44 Japan Variable Frequency Drive Market Revenue, By End User, 2014 - 2024 (US$ Mn)
TABLE 45 China Variable Frequency Drive Market Revenue, By Drive Type, 2014 - 2024 (US$ Mn)
TABLE 46 China Variable Frequency Drive Market Revenue, By Voltage Range, 2014 - 2024 (US$ Mn)
TABLE 47 China Variable Frequency Drive Market Revenue, By Application, 2014 - 2024 (US$ Mn)
TABLE 48 China Variable Frequency Drive Market Revenue, By End User, 2014 - 2024 (US$ Mn)
TABLE 49 India Variable Frequency Drive Market Revenue, By Drive Type, 2014 - 2024 (US$ Mn)
TABLE 50 India Variable Frequency Drive Market Revenue, By Voltage Range, 2014 - 2024 (US$ Mn)
TABLE 51 India Variable Frequency Drive Market Revenue, By Application, 2014 - 2024 (US$ Mn)
TABLE 52 India Variable Frequency Drive Market Revenue, By End User, 2014 - 2024 (US$ Mn)
TABLE 53 Rest of Asia Pacific Variable Frequency Drive Market Revenue, By Drive Type, 2014 - 2024 (US$ Mn)
TABLE 54 Rest of Asia Pacific Variable Frequency Drive Market Revenue, By Voltage Range, 2014 - 2024 (US$ Mn)
TABLE 55 Rest of Asia Pacific Variable Frequency Drive Market Revenue, By Application, 2014 - 2024 (US$ Mn)
TABLE 56 Rest of Asia Pacific Variable Frequency Drive Market Revenue, By End User, 2014 - 2024 (US$ Mn)
TABLE 57 Rest of World Variable Frequency Drive Market Revenue, By Drive Type, 2014 - 2024 (US$ Mn)
TABLE 58 Rest of World Variable Frequency Drive Market Revenue, By Voltage Range, 2014 - 2024 (US$ Mn)
TABLE 59 Rest of World Variable Frequency Drive Market Revenue, By Application, 2014 - 2024 (US$ Mn)
TABLE 60 Rest of World Variable Frequency Drive Market Revenue, By End User, 2014 - 2024 (US$ Mn)
TABLE 61 Latin America Variable Frequency Drive Market Revenue, By Drive Type, 2014 - 2024 (US$ Mn)
TABLE 62 Latin America Variable Frequency Drive Market Revenue, By Voltage Range, 2014 - 2024 (US$ Mn)
TABLE 63 Latin America Variable Frequency Drive Market Revenue, By Application, 2014 - 2024 (US$ Mn)
TABLE 64 Latin America Variable Frequency Drive Market Revenue, By End User, 2014 - 2024 (US$ Mn)
TABLE 65 Middle East & Africa Variable Frequency Drive Market Revenue, By Drive Type, 2014 - 2024 (US$ Mn)
TABLE 66 Middle East & Africa Variable Frequency Drive Market Revenue, By Voltage Range, 2014 - 2024 (US$ Mn)
TABLE 67 Middle East & Africa Variable Frequency Drive Market Revenue, By Application, 2014 - 2024 (US$ Mn)
TABLE 68 Middle East & Africa Variable Frequency Drive Market Revenue, By End User, 2014 - 2024 (US$ Mn) 

List Of Figure :

FIG. 1 Global Variable Frequency Drive: Market Segmentation
FIG. 2 Global Variable Frequency Drive Market: Research Methodology
FIG. 3 Top-Down and Bottom Up Approach
FIG. 4 Global Variable Frequency Drive Market, By Drive Type, 2015 (US$ Mn)
FIG. 5 Global Variable Frequency Drive Market, By Voltage Range, 2015 (US$ Mn)
FIG. 6 Global Variable Frequency Drive Market, By Application, 2015 (US$ Mn)
FIG. 7 Global Variable Frequency Drive Market, By End User, 2015 (US$ Mn)
FIG. 8 Global Variable Frequency Drive Market, By Geography, 2015 (US$ Mn)
FIG. 9 Global Variable Frequency Drive Market Revenue and Growth, 2014 - 2024, (US$ Mn and % Y-o-Y)
FIG. 10 Market Positioning of Key Industry Participants, 2015
FIG. 11 Global Variable Frequency Drive Market Revenue Contribution, By Drive Type, 2015 & 2023 (Value %)
FIG. 12 Global Variable Frequency Drive Market Revenue and Growth for AC Drive, 2014 - 2024, (US$ Mn)
FIG. 13 Global Variable Frequency Drive Market Revenue and Growth for DC Drive, 2014 - 2024, (US$ Mn)
FIG. 14 Global Variable Frequency Drive Market Revenue and Growth for Servo Drive, 2014 - 2024, (US$ Mn)
FIG. 15 Global Variable Frequency Drive Market Revenue Contribution, By Voltage Range, 2015 & 2023 (Value %)
FIG. 16 Global Variable Frequency Drive Market Revenue and Growth for Low Range, 2014 - 2024, (US$ Mn)
FIG. 17 Global Variable Frequency Drive Market Revenue and Growth for Medium Range, 2014 - 2024, (US$ Mn)
FIG. 18 Global Variable Frequency Drive Market Revenue Contribution, By Application, 2015 & 2023 (Value %)
FIG. 19 Global Variable Frequency Drive Market Revenue and Growth for Pump, 2014 - 2024, (US$ Mn)
FIG. 20 Global Variable Frequency Drive Market Revenue and Growth for Fan, 2014 - 2024, (US$ Mn)
FIG. 21 Global Variable Frequency Drive Market Revenue and Growth for Compressor, 2014 - 2024, (US$ Mn)
FIG. 22 Global Variable Frequency Drive Market Revenue and Growth for Conveyor, 2014 - 2024, (US$ Mn)
FIG. 23 Global Variable Frequency Drive Market Revenue and Growth for HVAC, 2014 - 2024, (US$ Mn)
FIG. 24 Global Variable Frequency Drive Market Revenue and Growth for Others, 2014 - 2024, (US$ Mn)
FIG. 25 Global Variable Frequency Drive Market Revenue Contribution, by End User, 2015 & 2023 (Value %)
FIG. 26 Global Variable Frequency Drive Market Revenue and Growth for Oil & Gas, 2014 - 2024, (US$ Mn)
FIG. 27 Global Variable Frequency Drive Market Revenue and Growth for Food Processing, 2014 - 2024, (US$ Mn)
FIG. 28 Global Variable Frequency Drive Market Revenue and Growth for Mining & Metals, 2014 - 2024, (US$ Mn)
FIG. 29 Global Variable Frequency Drive Market Revenue and Growth for Pulp & Papers, 2014 - 2024, (US$ Mn)
FIG. 30 Global Variable Frequency Drive Market Revenue and Growth for Others, 2014 - 2024, (US$ Mn)
FIG. 31 North America Variable Frequency Drive Market Revenue and Growth, 2014 - 2024, (US$ Mn) (Y-o-Y %)
FIG. 32 Europe Variable Frequency Drive Market Revenue and Growth, 2014 - 2024, (US$ Mn) (Y-o-Y %)
FIG. 33 Asia Pacific Variable Frequency Drive Market Revenue and Growth, 2014 - 2024, (US$ Mn) (Y-o-Y %)
FIG. 34 RoW Variable Frequency Drive Market Revenue and Growth, 2014– 2023, (US$ Mn) (Y-o-Y %)

On the basis of application, the global variable frequency drive market is categorized into following sub-segments:

  • Pump
  • Fan
  • Compressor
  • Conveyor
  • HVAC
  • Others

The contribution of aforementioned software sub-segments to the global variable frequency drive market in 2015 and 2023 is as shown in the figure below

Variable Frequency Drive Market

As of 2015, pump was the dominant application segment among all types of applications in the global variable frequency drive market, accounting for over 30% share of the overall market revenue. Additionally, the segment is expected to continue its dominance by 2024. Increasing replacement of hydraulic drives with variable frequency drives in pump applications particularly in oil & gas and wastewater management industries is driving the segment growth across the globe. Other application segment is the second largest segment, in terms of revenue, owing to growing usage of variable frequency drive for small application in various industries. However, heating, ventilation, and air condition (HVAC) segment is expected to witness highest CAGR from 2016 to 2024. Variable frequency drive is considered to be one of the most successful energy manage tools to enhance HVAC system performance. Also, advanced drives reduces overall maintenance and operational cost once deployed, which, in turn, is increasing the uptake of VFDs in HVAC application.

On the basis of end user, the global variable frequency drive market is categorized into following segments:

  • Oil & Gas
  • Food Processing
  • Automotive
  • Mining & Metals
  • Pulp & Papers
  • Others

The contribution of these variants to the global variable frequency drive market in 2015 & 2024 is as shown below:

Variable Frequency Drive Market

As of 2015, the global variable frequency drive market was dominated by oil & gas end user segment. The segment accounted for over 17% of the global variable frequency drive market revenue in the same year. Food processing is the second-largest end user segment in terms of revenue generation. Growing deployment of variable frequency drives for major applications such as belt, chain and auger conveyors, palletizer, pumps, and hoist in the sector is boosting the market growth. Also, food processing industry has witnessed healthy growth in the recent past and is projected to enjoy positive growth trend in the near future. This is likely to increase the uptake of AC and DC drives in the food processing industry to enhance energy efficiency and reduce long term operational cost. However, the variable frequency drive market in mining and metals industry is expected to expand at the highest CAGR of over 8% over the forecast period.

On the basis of geography, the global variable frequency drive market is segmented into following regions and countries.

  • North America
    • U.S.
    • Canada
  • Europe
    • United Kingdom
    • France
    • Germany
    • Rest of Europe
  • Asia Pacific
    • Japan
    • China
    • India
    • Rest of Asia Pacific
  • Rest of the World
    • Latin America
    • Middle East and Africa

The contribution of these regions (North America, Europe, Asia Pacific, and RoW) to the global variable frequency drive market in 2015 is as shown in the figure below

Variable Frequency Drive Market

By geography, Asia Pacific was the largest regional market, in the overall variable frequency drive market in 2015. The region constituted more than 30% market share in the same year. Additionally, Asia Pacific is expected to retain its dominance during the forecast period. Major end user verticals such as mining and oil & gas, especially in China and India are increasingly deploying advanced variable frequency drives improve performance of pumps and conveyor. Also, increasing demand for medium voltage drives for long-wall systems in mining and metals industry is boosting growth of the market in the region. However, the variable frequency drive market in Latin America is projected to expand at a considerable CAGR between 2016 and 2024. Major growth is coming from emerging markets such as Brazil and Mexico, propelling market growth. Additionally, favorable government regulations in these countries is expected to drive market growth.

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