Global Variable Frequency Drive (VFD) Market 2024-2028

Description

List of Tables

The variable frequency drive (VFD) market is forecasted to grow by USD 7593.37 mn during 2023-2028, accelerating at a CAGR of 5.51% during the forecast period. The report on the variable frequency drive (VFD) market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing demand from hvac and r applications, growing need for energy-efficient equipment in industrial facilities, and presence of regulations that mandate use of vfds in industries.

Technavio's variable frequency drive (VFD) market is segmented as below:

Market Scope
Base Year	2024
End Year	2028
Series Year	2024-2028
Growth Momentum	Accelerate
YOY 2024	5.35%
CAGR	5.51%
Incremental Value	$7593.37mn

By End-user

Food and beverage
Water and wastewater treatment
Oil and gas
Power generation
Automotive and others

By Type

Low voltage drives
Medium voltage drives

By Geographical Landscape

APAC
Europe
North America
Middle East and Africa
South America

This study identifies the technological advances in vfds as one of the prime reasons driving the variable frequency drive (VFD) market growth during the next few years. Also, integration of iot in vfds and increased need for compact and integrated drive systems will lead to sizable demand in the market.

The report on the variable frequency drive (VFD) market covers the following areas:

Variable frequency drive (VFD) market sizing
Variable frequency drive (VFD) market forecast
Variable frequency drive (VFD) market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading variable frequency drive (VFD) market vendors that include ABB Ltd., Danfoss AS, Eaton Corp. Plc, Emerson Electric Co., Fuji Electric Co. Ltd., General Electric Co., Hitachi Ltd., Honeywell International Inc., Invertek Drives Ltd., Johnson Controls, Mitsubishi Electric Corp., Nidec Corp., Rockwell Automation Inc., Schaffner Group, Schneider Electric SE, Siemens AG, Spoc Automation Inc., Toshiba Corp., WEG S.A, and Yaskawa Electric Corp.. Also, the variable frequency drive (VFD) market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

Product Code: IRTNTR72767

1 Executive Summary

1.1 Market overview

2 Market Landscape

2.1 Market ecosystem

3 Market Sizing

3.1 Market definition
3.2 Market segment analysis
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028

4 Historic Market Size

4.1 Global variable frequency drive (VFD) market 2018 - 2022
4.2 End-user Segment Analysis 2018 - 2022
4.3 Type Segment Analysis 2018 - 2022
4.4 Geography Segment Analysis 2018 - 2022
4.5 Country Segment Analysis 2018 - 2022

5 Five Forces Analysis

5.1 Five forces summary
5.2 Bargaining power of buyers
5.3 Bargaining power of suppliers
5.4 Threat of new entrants
5.5 Threat of substitutes
5.6 Threat of rivalry
5.7 Market condition

6 Market Segmentation by End-user

6.1 Market segments
6.2 Comparison by End-user
6.3 Food and beverage - Market size and forecast 2023-2028
6.4 Water and wastewater treatment - Market size and forecast 2023-2028
6.5 Oil and gas - Market size and forecast 2023-2028
6.6 Power generation - Market size and forecast 2023-2028
6.7 Automotive and others - Market size and forecast 2023-2028
6.8 Market opportunity by End-user

7 Market Segmentation by Type

7.1 Market segments
7.2 Comparison by Type
7.3 Low voltage drives - Market size and forecast 2023-2028
7.4 Medium voltage drives - Market size and forecast 2023-2028
7.5 Market opportunity by Type

8 Customer Landscape

8.1 Customer landscape overview

9 Geographic Landscape

9.1 Geographic segmentation
9.2 Geographic comparison
9.3 APAC - Market size and forecast 2023-2028
9.4 Europe - Market size and forecast 2023-2028
9.5 North America - Market size and forecast 2023-2028
9.6 Middle East and Africa - Market size and forecast 2023-2028
9.7 South America - Market size and forecast 2023-2028
9.8 US - Market size and forecast 2023-2028
9.9 China - Market size and forecast 2023-2028
9.10 Japan - Market size and forecast 2023-2028
9.11 UK - Market size and forecast 2023-2028
9.12 Germany - Market size and forecast 2023-2028
9.13 Market opportunity By Geographical Landscape

10 Drivers, Challenges, and Trends

10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
10.4 Market trends

11 Vendor Landscape

11.1 Overview
11.2 Vendor landscape
11.3 Landscape disruption
11.4 Industry risks

12 Vendor Analysis

12.1 Vendors covered
12.2 Market positioning of vendors
12.3 ABB Ltd.
12.4 Danfoss AS
12.5 Eaton Corp. Plc
12.6 Emerson Electric Co.
12.7 Fuji Electric Co. Ltd.
12.8 Hitachi Ltd.
12.9 Honeywell International Inc.
12.10 Mitsubishi Electric Corp.
12.11 Nidec Corp.
12.12 Rockwell Automation Inc.
12.13 Schaffner Group
12.14 Schneider Electric SE
12.15 Siemens AG
12.16 Spoc Automation Inc.
12.17 WEG S.A

13 Appendix

13.1 Scope of the report
13.2 Inclusions and exclusions checklist
13.3 Currency conversion rates for US$
13.4 Research methodology
13.5 List of abbreviations