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The Global Variable Frequency Drive (VFD) market is expected to reach $30.43 billion by 2027 growing at a CAGR of 6.8% from 2020 to 2027. Variable frequency drive (VFD) is a power electronic device that is capable of regulating the speed of an alternating current motor, by adjusting the frequency along with the voltage of the electrical power, supplied to that motor. VFD combines software solutions to monitor the functioning of speed and, thus, improves its overall efficiency. VFD is mainly used in high voltage alternating current devices, which do not require a continuous flow of current, and there is a high requirement for speed control. Factors such as the growing need for increasing energy efficiency, increasing investments in infrastructure development, and rising penetration of connected devices in commercial, industrial, and residential sectors are driving the market growth. However, the stagnant growth of oil & gas industry and decline in exploration & production activities are restraining the market growth. Based on application, the compressor segment is going to have a lucrative growth during the forecast period as compressors equipped with variable frequency drives can adjust speed, maximizes production efficiency, and improve mechanical resonances and also reduces operational and electrical stresses on the motor. Oil & gas, chemical, food & beverage, and building automation are the major industries that use compressors on a large scale leading to an increase in the demand for variable frequency drive. The key vendors mentioned are Yaskawa, WEG SA, Toshiba International Corporation, TMEIC, Schneider Electric, Rockwell, NIDEC, Hitachi, GE Energy Power Conversion, Fuji, Eaton, Danfoss, Crompton Greaves, ABB, and Siemens. Phases Covered: • Single Phase • Three-Phase Voltages Covered: • Medium Voltage (> 690 V) • Low Voltage (Up to 690 V) Types Covered: • Servo Drives • Direct Current (DC) Drives • Alternating Current (AC) Drives Power Ranges Covered: • High Power Drives • Medium Power Drives • Low Power Drives • Micro Power Drives Technologies Covered: • Regenerative • Standard Applications Covered: • Rotary Filter • Pumps • Agitators • Conveyors • Mixers • Cranes & Hoists • Heating, Ventilation, and Air Conditioning (HVAC) • Grinders • Electric Fans • Extruders • Cutters • Ventilators • Elevators & Escalators • Centrifuges • Crushers • Evaporators • Mills • Compressor • Palletizers • Actuators • Process Applications • Small Handling Applications Original Equipment Manufacturers Covered: • Material Working • Rotating Equipment • Material Handling End Users Covered: • Water and Wastewater Treatment • Transportation and Infrastructure • Textiles • Solar System • Pulp & Paper • Oil & Gas • Metal, Mineral and Mining • Automotive • Consumer Products & Packaging • Industrial Development • Food & Beverages • Electricity/Energy and Power • Manufacturing • Chemical & Petrochemicals • Building Automation • Machine Tools • Agriculture Regions Covered: • North America • Europe • Asia Pacific • South America • Middle East & Africa Key Questions Answered in this Report: • How this market evolved since the year 2019 • Market size estimations, forecasts and CAGR for all the segments presented in the scope • Key Market Developments and financials of the key players • Opportunity Analysis for the new entrants • SWOT Analysis of the key players • Fastest growing markets analyzed during the forecast period
1 Market Synopsis
2 Research Outline
2.1 Research Snapshot
2.2 Research Methodology
2.3 Research Sources
2.3.1 Primary Research Sources
2.3.2 Secondary Research Sources
3 Market Dynamics
3.1 Drivers
3.2 Restraints
4 Market Environment
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Variable Frequency Drive (VFD) Market, By Phase
5.1 Introduction
5.2 Single Phase
5.3 Three-Phase
6 Global Variable Frequency Drive (VFD) Market, By Voltage
6.1 Introduction
6.2 Medium Voltage (> 690 V)
6.3 Low Voltage (Up to 690 V)
7 Global Variable Frequency Drive (VFD) Market, By Type
7.1 Introduction
7.2 Servo Drives
7.3 Direct Current (DC) Drives
7.4 Alternating Current (AC) Drives
8 Global Variable Frequency Drive (VFD) Market, By Power Range
8.1 Introduction
8.2 High Power Drives
8.3 Medium Power Drives
8.4 Low Power Drives
8.5 Micro Power Drives
9 Global Variable Frequency Drive (VFD) Market, By Technology
9.1 Introduction
9.2 Regenerative
9.3 Standard
10 Global Variable Frequency Drive (VFD) Market, By Application
10.1 Introduction
10.2 Rotary Filter
10.3 Pumps
10.4 Agitators
10.5 Conveyors
10.6 Mixers
10.7 Cranes & Hoists
10.8 Heating, Ventilation, and Air Conditioning (HVAC)
10.9 Grinders
10.10 Electric Fans
10.11 Extruders
10.12 Cutters
10.13 Ventilators
10.14 Elevators & Escalators
10.15 Centrifuges
10.16 Crushers
10.17 Evaporators
10.18 Mills
10.19 Compressor
10.20 Palletizers
10.21 Actuators
10.22 Process Applications
10.23 Small Handling Applications
11 Global Variable Frequency Drive (VFD) Market, By Original Equipment Manufacturer
11.1 Introduction
11.2 Material Working
11.3 Rotating Equipment
11.4 Material Handling
12 Global Variable Frequency Drive (VFD) Market, By End User
12.1 Introduction
12.2 Water and Wastewater Treatment
12.3 Transportation and Infrastructure
12.4 Textiles
12.5 Solar System
12.6 Pulp & Paper
12.7 Oil & Gas
12.8 Metal, Mineral and Mining
12.9 Automotive
12.10 Consumer Products & Packaging
12.11 Industrial Development
12.12 Food & Beverages
12.13 Electricity/Energy and Power
12.14 Manufacturing
12.15 Chemical & Petrochemicals
12.16 Building Automation
12.17 Machine Tools
12.18 Agriculture
13 Global Variable Frequency Drive (VFD) Market, By Geography
13.1 Introduction
13.2 North America
13.3 Europe
13.4 Asia Pacific
13.5 South America
13.6 Middle East & Africa
14 Strategic Benchmarking
15 Vendors Landscape
15.1 Yaskawa
15.2 WEG SA
15.3 Toshiba International Corporation
15.4 TMEIC
15.5 Schneider Electric
15.6 Rockwell
15.7 NIDEC
15.8 Hitachi
15.9 GE Energy Power Conversion
15.10 Fuji
15.11 Eaton
15.12 Danfoss
15.13 Crompton Greaves
15.14 ABB
15.15 Siemens
List of Data Tables
1 Global Variable Frequency Drive (VFD) Market Outlook, By Region (2019-2027) ($MN)
2 Global Variable Frequency Drive (VFD) Market Outlook, By Phase (2019-2027) ($MN)
3 Global Variable Frequency Drive (VFD) Market Outlook, By Single Phase (2019-2027) ($MN)
4 Global Variable Frequency Drive (VFD) Market Outlook, By Three-Phase (2019-2027) ($MN)
5 Global Variable Frequency Drive (VFD) Market Outlook, By Voltage (2019-2027) ($MN)
6 Global Variable Frequency Drive (VFD) Market Outlook, By Medium Voltage (> 690 V) (2019-2027) ($MN)
7 Global Variable Frequency Drive (VFD) Market Outlook, By Low Voltage (Up to 690 V) (2019-2027) ($MN)
8 Global Variable Frequency Drive (VFD) Market Outlook, By Type (2019-2027) ($MN)
9 Global Variable Frequency Drive (VFD) Market Outlook, By Servo Drives (2019-2027) ($MN)
10 Global Variable Frequency Drive (VFD) Market Outlook, By Direct Current (DC) Drives (2019-2027) ($MN)
11 Global Variable Frequency Drive (VFD) Market Outlook, By Alternating Current (AC) Drives (2019-2027) ($MN)
12 Global Variable Frequency Drive (VFD) Market Outlook, By Power Range (2019-2027) ($MN)
13 Global Variable Frequency Drive (VFD) Market Outlook, By High Power Drives (2019-2027) ($MN)
14 Global Variable Frequency Drive (VFD) Market Outlook, By Medium Power Drives (2019-2027) ($MN)
15 Global Variable Frequency Drive (VFD) Market Outlook, By Low Power Drives (2019-2027) ($MN)
16 Global Variable Frequency Drive (VFD) Market Outlook, By Micro Power Drives (2019-2027) ($MN)
17 Global Variable Frequency Drive (VFD) Market Outlook, By Technology (2019-2027) ($MN)
18 Global Variable Frequency Drive (VFD) Market Outlook, By Regenerative (2019-2027) ($MN)
19 Global Variable Frequency Drive (VFD) Market Outlook, By Standard (2019-2027) ($MN)
20 Global Variable Frequency Drive (VFD) Market Outlook, By Application (2019-2027) ($MN)
21 Global Variable Frequency Drive (VFD) Market Outlook, By Rotary Filter (2019-2027) ($MN)
22 Global Variable Frequency Drive (VFD) Market Outlook, By Pumps (2019-2027) ($MN)
23 Global Variable Frequency Drive (VFD) Market Outlook, By Agitators (2019-2027) ($MN)
24 Global Variable Frequency Drive (VFD) Market Outlook, By Conveyors (2019-2027) ($MN)
25 Global Variable Frequency Drive (VFD) Market Outlook, By Mixers (2019-2027) ($MN)
26 Global Variable Frequency Drive (VFD) Market Outlook, By Cranes & Hoists (2019-2027) ($MN)
27 Global Variable Frequency Drive (VFD) Market Outlook, By Heating, Ventilation, and Air Conditioning (HVAC) (2019-2027) ($MN)
28 Global Variable Frequency Drive (VFD) Market Outlook, By Grinders (2019-2027) ($MN)
29 Global Variable Frequency Drive (VFD) Market Outlook, By Electric Fans (2019-2027) ($MN)
30 Global Variable Frequency Drive (VFD) Market Outlook, By Extruders (2019-2027) ($MN)
31 Global Variable Frequency Drive (VFD) Market Outlook, By Cutters (2019-2027) ($MN)
32 Global Variable Frequency Drive (VFD) Market Outlook, By Ventilators (2019-2027) ($MN)
33 Global Variable Frequency Drive (VFD) Market Outlook, By Elevators & Escalators (2019-2027) ($MN)
34 Global Variable Frequency Drive (VFD) Market Outlook, By Centrifuges (2019-2027) ($MN)
35 Global Variable Frequency Drive (VFD) Market Outlook, By Crushers (2019-2027) ($MN)
36 Global Variable Frequency Drive (VFD) Market Outlook, By Evaporators (2019-2027) ($MN)
37 Global Variable Frequency Drive (VFD) Market Outlook, By Mills (2019-2027) ($MN)
38 Global Variable Frequency Drive (VFD) Market Outlook, By Compressor (2019-2027) ($MN)
39 Global Variable Frequency Drive (VFD) Market Outlook, By Palletizers (2019-2027) ($MN)
40 Global Variable Frequency Drive (VFD) Market Outlook, By Actuators (2019-2027) ($MN)
41 Global Variable Frequency Drive (VFD) Market Outlook, By Process Applications (2019-2027) ($MN)
42 Global Variable Frequency Drive (VFD) Market Outlook, By Small Handling Applications (2019-2027) ($MN)
43 Global Variable Frequency Drive (VFD) Market Outlook, By Original Equipment Manufacturer (2019-2027) ($MN)
44 Global Variable Frequency Drive (VFD) Market Outlook, By Material Working (2019-2027) ($MN)
45 Global Variable Frequency Drive (VFD) Market Outlook, By Rotating Equipment (2019-2027) ($MN)
46 Global Variable Frequency Drive (VFD) Market Outlook, By Material Handling (2019-2027) ($MN)
47 Global Variable Frequency Drive (VFD) Market Outlook, By End User (2019-2027) ($MN)
48 Global Variable Frequency Drive (VFD) Market Outlook, By Water and Wastewater Treatment (2019-2027) ($MN)
49 Global Variable Frequency Drive (VFD) Market Outlook, By Transportation and Infrastructure (2019-2027) ($MN)
50 Global Variable Frequency Drive (VFD) Market Outlook, By Textiles (2019-2027) ($MN)
51 Global Variable Frequency Drive (VFD) Market Outlook, By Solar System (2019-2027) ($MN)
52 Global Variable Frequency Drive (VFD) Market Outlook, By Pulp & Paper (2019-2027) ($MN)
53 Global Variable Frequency Drive (VFD) Market Outlook, By Oil & Gas (2019-2027) ($MN)
54 Global Variable Frequency Drive (VFD) Market Outlook, By Metal, Mineral and Mining (2019-2027) ($MN)
55 Global Variable Frequency Drive (VFD) Market Outlook, By Automotive (2019-2027) ($MN)
56 Global Variable Frequency Drive (VFD) Market Outlook, By Consumer Products & Packaging (2019-2027) ($MN)
57 Global Variable Frequency Drive (VFD) Market Outlook, By Industrial Development (2019-2027) ($MN)
58 Global Variable Frequency Drive (VFD) Market Outlook, By Food & Beverages (2019-2027) ($MN)
59 Global Variable Frequency Drive (VFD) Market Outlook, By Electricity/Energy and Power (2019-2027) ($MN)
60 Global Variable Frequency Drive (VFD) Market Outlook, By Manufacturing (2019-2027) ($MN)
61 Global Variable Frequency Drive (VFD) Market Outlook, By Chemical & Petrochemicals (2019-2027) ($MN)
62 Global Variable Frequency Drive (VFD) Market Outlook, By Building Automation (2019-2027) ($MN)
63 Global Variable Frequency Drive (VFD) Market Outlook, By Machine Tools (2019-2027) ($MN)
64 Global Variable Frequency Drive (VFD) Market Outlook, By Agriculture (2019-2027) ($MN)
65 North America Variable Frequency Drive (VFD) Market Outlook, By Phase (2019-2027) ($MN)
66 North America Variable Frequency Drive (VFD) Market Outlook, By Voltage (2019-2027) ($MN)
67 North America Variable Frequency Drive (VFD) Market Outlook, By Type (2019-2027) ($MN)
68 North America Variable Frequency Drive (VFD) Market Outlook, By Power Range (2019-2027) ($MN)
69 North America Variable Frequency Drive (VFD) Market Outlook, By Technology (2019-2027) ($MN)
70 North America Variable Frequency Drive (VFD) Market Outlook, By Application (2019-2027) ($MN)
71 North America Variable Frequency Drive (VFD) Market Outlook, By Original Equipment Manufacturer (2019-2027) ($MN)
72 North America Variable Frequency Drive (VFD) Market Outlook, By End User (2019-2027) ($MN)
73 Europe Variable Frequency Drive (VFD) Market Outlook, By Phase (2019-2027) ($MN)
74 Europe Variable Frequency Drive (VFD) Market Outlook, By Voltage (2019-2027) ($MN)
75 Europe Variable Frequency Drive (VFD) Market Outlook, By Type (2019-2027) ($MN)
76 Europe Variable Frequency Drive (VFD) Market Outlook, By Power Range (2019-2027) ($MN)
77 Europe Variable Frequency Drive (VFD) Market Outlook, By Technology (2019-2027) ($MN)
78 Europe Variable Frequency Drive (VFD) Market Outlook, By Application (2019-2027) ($MN)
79 Europe Variable Frequency Drive (VFD) Market Outlook, By Original Equipment Manufacturer (2019-2027) ($MN)
80 Europe Variable Frequency Drive (VFD) Market Outlook, By End User (2019-2027) ($MN)
81 Asia Pacific Variable Frequency Drive (VFD) Market Outlook, By Phase (2019-2027) ($MN)
82 Asia Pacific Variable Frequency Drive (VFD) Market Outlook, By Voltage (2019-2027) ($MN)
83 Asia Pacific Variable Frequency Drive (VFD) Market Outlook, By Type (2019-2027) ($MN)
84 Asia Pacific Variable Frequency Drive (VFD) Market Outlook, By Power Range (2019-2027) ($MN)
85 Asia Pacific Variable Frequency Drive (VFD) Market Outlook, By Technology (2019-2027) ($MN)
86 Asia Pacific Variable Frequency Drive (VFD) Market Outlook, By Application (2019-2027) ($MN)
87 Asia Pacific Variable Frequency Drive (VFD) Market Outlook, By Original Equipment Manufacturer (2019-2027) ($MN)
88 Asia Pacific Variable Frequency Drive (VFD) Market Outlook, By End User (2019-2027) ($MN)
89 South America Variable Frequency Drive (VFD) Market Outlook, By Phase (2019-2027) ($MN)
90 South America Variable Frequency Drive (VFD) Market Outlook, By Voltage (2019-2027) ($MN)
91 South America Variable Frequency Drive (VFD) Market Outlook, By Type (2019-2027) ($MN)
92 South America Variable Frequency Drive (VFD) Market Outlook, By Power Range (2019-2027) ($MN)
93 South America Variable Frequency Drive (VFD) Market Outlook, By Technology (2019-2027) ($MN)
94 South America Variable Frequency Drive (VFD) Market Outlook, By Application (2019-2027) ($MN)
95 South America Variable Frequency Drive (VFD) Market Outlook, By Original Equipment Manufacturer (2019-2027) ($MN)
96 South America Variable Frequency Drive (VFD) Market Outlook, By End User (2019-2027) ($MN)
97 Middle East & Africa Variable Frequency Drive (VFD) Market Outlook, By Phase (2019-2027) ($MN)
98 Middle East & Africa Variable Frequency Drive (VFD) Market Outlook, By Voltage (2019-2027) ($MN)
99 Middle East & Africa Variable Frequency Drive (VFD) Market Outlook, By Type (2019-2027) ($MN)
100 Middle East & Africa Variable Frequency Drive (VFD) Market Outlook, By Power Range (2019-2027) ($MN)
101 Middle East & Africa Variable Frequency Drive (VFD) Market Outlook, By Technology (2019-2027) ($MN)
102 Middle East & Africa Variable Frequency Drive (VFD) Market Outlook, By Application (2019-2027) ($MN)
103 Middle East & Africa Variable Frequency Drive (VFD) Market Outlook, By Original Equipment Manufacturer (2019-2027) ($MN)
104 Middle East & Africa Variable Frequency Drive (VFD) Market Outlook, By End User (2019-2027) ($MN)