Variable frequency Drive (VFD) is an electric power control device which controls AC motor by changing the working power frequency of the motor by using frequency conversion technology and microelectronic technology. The frequency converter is mainly composed of rectifier (AC to DC), filter, inverter (DC to AC), brake unit, drive unit, detection unit, micro-processing unit, etc.
The global market for VFD (Variable Frequency Drives) was estimated to be worth US$ 14970 million in 2023 and is forecast to a readjusted size of US$ 18360 million by 2030 with a CAGR of 2.9% during the forecast period 2024-2030
The major players in global Variable frequency Drive (VFD) market include ABB, SIEMENS, Schneider, etc. The top 3 players occupy over 35% shares of the global market. Middle and Low Voltage Frequency Converter is the main type, with a share about 70%. Electric Power is the main application, which holds a share about 30%.
QYResearch (Global Market Report Research Publisher) announces the release of 2024 latest report “VFD (Variable Frequency Drives) – Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”. Based on current situation and impact historical analysis (2019-2023) and forecast calculations (2024-2030), this report provides a comprehensive analysis of the global VFD (Variable Frequency Drives) market, including market size, share, demand, industry development status, and forecasts for the next few years.
This report will help you generate, evaluate and implement strategic decisions as it provides the necessary information on technology-strategy mapping and emerging trends. The report’s analysis of the restraints in the market is crucial for strategic planning as it helps stakeholders understand the challenges that could hinder growth. This information will enable stakeholders to devise effective strategies to overcome these challenges and capitalize on the opportunities presented by the growing market. Furthermore, the report incorporates the opinions of market experts to provide valuable insights into the market’s dynamics. This information will help stakeholders gain a better understanding of the market and make informed decisions.
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This VFD (Variable Frequency Drives) Market Research/Analysis Report includes the following points:
- How much is the global VFD (Variable Frequency Drives)market worth? What was the value of the market In 2020?
- Would the market witness an increase or decline in the demand in the coming years?
- What is the estimated demand for different typesand upcoming industry applications of products in VFD (Variable Frequency Drives)?
- What are Projections of Global VFD (Variable Frequency Drives)Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit?
- What Will Be Market Share, Supply,Consumption and Import and Export of VFD (Variable Frequency Drives)?
- What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for VFD (Variable Frequency Drives)Industry?
- Where will the strategic developments take the industry in the mid to long-term?
- What are the factors contributing to the final price of VFD (Variable Frequency Drives)? What are the raw materials used for VFD (Variable Frequency Drives)manufacturing?
- Who are the major Manufacturersin the VFD (Variable Frequency Drives) market? Which companies are the front runners?
- Which are the recent industry trends that can be implemented to generate additional revenue streams?
The report provides a detailed analysis of the market size, growth potential, and key trends for each segment. Through detailed analysis, industry players can identify profit opportunities, develop strategies for specific customer segments, and allocate resources effectively.
The VFD (Variable Frequency Drives) market is segmented as below:
By Company
ABB
Siemens
Schneider Electric
Emerson Electric
Yaskawa Electric
Mitsubishi
Hitach
Danfoss
Toshiba
Fuji Electric
Rockwell Automation
Inovance
Hiconics
INVT
Slanvert
EURA Drives
Segment by Type
Low Voltage (0-690V)
Medium Voltage (690V-3000V)
High Voltage (3 kV-10 kV)
Segment by Application
Pumps
Fans
Compressors
Conveyors
Elevators
Extruders
Others
This information will help stakeholders make informed decisions and develop effective strategies for growth. The report’s analysis of the restraints in the market is crucial for strategic planning as it helps stakeholders understand the challenges that could hinder growth. This information will enable stakeholders to devise effective strategies to overcome these challenges and capitalize on the opportunities presented by the growing market. Furthermore, the report incorporates the opinions of market experts to provide valuable insights into the market’s dynamics. This information will help stakeholders gain a better understanding of the market and make informed decisions.
Each chapter of the report provides detailed information for readers to further understand the VFD (Variable Frequency Drives) market:
Chapter One: Introduces the study scope of this report, executive summary of market segment by type, market size segments for North America, Europe, Asia Pacific, Latin America, Middle East & Africa.
Chapter Two: Detailed analysis of VFD (Variable Frequency Drives) manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of VFD (Variable Frequency Drives) in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by application, market size segment for North America, Europe, Asia Pacific, Latin America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, Latin America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Table of Contents
1 VFD (Variable Frequency Drives) Market Overview
1.1 VFD (Variable Frequency Drives) Product Overview
1.2 VFD (Variable Frequency Drives) Market by Type
1.3 Global VFD (Variable Frequency Drives) Market Size by Type
1.3.1 Global VFD (Variable Frequency Drives) Market Size Overview by Type (2019-2030)
1.3.2 Global VFD (Variable Frequency Drives) Historic Market Size Review by Type (2019-2024)
1.3.3 Global VFD (Variable Frequency Drives) Forecasted Market Size by Type (2025-2030)
1.4 Key Regions Market Size by Type
1.4.1 North America VFD (Variable Frequency Drives) Sales Breakdown by Type (2019-2024)
1.4.2 Europe VFD (Variable Frequency Drives) Sales Breakdown by Type (2019-2024)
1.4.3 Asia-Pacific VFD (Variable Frequency Drives) Sales Breakdown by Type (2019-2024)
1.4.4 Latin America VFD (Variable Frequency Drives) Sales Breakdown by Type (2019-2024)
1.4.5 Middle East and Africa VFD (Variable Frequency Drives) Sales Breakdown by Type (2019-2024)
2 VFD (Variable Frequency Drives) Market Competition by Company
2.1 Global Top Players by VFD (Variable Frequency Drives) Sales (2019-2024)
2.2 Global Top Players by VFD (Variable Frequency Drives) Revenue (2019-2024)
2.3 Global Top Players by VFD (Variable Frequency Drives) Price (2019-2024)
2.4 Global Top Manufacturers VFD (Variable Frequency Drives) Manufacturing Base Distribution, Sales Area, Product Type
2.5 VFD (Variable Frequency Drives) Market Competitive Situation and Trends
2.5.1 VFD (Variable Frequency Drives) Market Concentration Rate (2019-2024)
2.5.2 Global 5 and 10 Largest Manufacturers by VFD (Variable Frequency Drives) Sales and Revenue in 2023
2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in VFD (Variable Frequency Drives) as of 2023)
2.7 Date of Key Manufacturers Enter into VFD (Variable Frequency Drives) Market
2.8 Key Manufacturers VFD (Variable Frequency Drives) Product Offered
2.9 Mergers & Acquisitions, Expansion
…
Overall, this report strives to provide you with the insights and information you need to make informed business decisions and stay ahead of the competition.
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