Variable Frequency Drive Market By Type (Alternating Current, Direct Current and Servo Variable Frequency Drives), By End-User (Oil & Gas, Industrial, Others), By Power Range (Micro Power Drives, Others), By Voltage (Low Voltage Variable Frequency Drives and Medium Voltage Variable Frequency Drives), By Application (Pumps and Others), By Company and By Geography, Forecast & Opportunities, 2027

Global variable frequency drive market is growing at a CAGR of over 4% during 2023-2027 due to growing infrastructure sector, growing use of VFD in industrial activities, increasing need for energy efficiency and increasing urbanization.

Global variable frequency drive market has been segmented based on type, end user, power range, voltage, application and region. Based on type, the market has been categorised into alternating current, direct current and servo variable frequency drives. The AC segment is projected to grow at the fastest rate during the forecast period due to increasing demand as they require less maintenance and are more efficient. Regionally, the APAC region is the largest market for VFD, followed by Europe & CIS due to growing urbanization and industrialization.

Some of the leading players in the global variable frequency drive market are ABB Ltd., Rockwell Automation, Siemens AG, Schneider Electric Se, General Electric, Hitachi, Mitsubishi Heavy Industries Ltd., Crompton Greaves, Weg SA, Fuji Electric Co., Toshiba etc.

Objective of the Study

• To analyse and forecast the market size of Variable Frequency Drive Market, in terms of value.
• To classify and forecast Global Variable Frequency Drive Market based on type, end-user, power range, voltage, application and regional distribution.
• To identify drivers and challenges for Global Variable Frequency Drive Market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in Global Variable Frequency Drive Market.
• To conduct the pricing analysis for Variable Frequency Drive Market.
• To identify and analyse the profile of leading players involved in the manufacturing of Global Variable Frequency Drive Market.

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Market insights research performed both primary as well as exhaustive secondary research for this study. Initially, Market insights research sourced a list of Variable Frequency Drive manufacturers across the globe. Subsequently, Market insights research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, Market insights research could include the suppliers which could not be identified due to the limitations of secondary research. Market insights research analysed the service offerings, distribution channels and presence of all major collaboration manufacturer across the globe.

Market insights research calculated the market size of Global

Key Target Audience

• Variable Frequency Drive Manufacturers
• Distributors, and Suppliers
• Builders and contractors
• Power distribution utilities
• Industry associations and experts
• Research organizations and consulting companies.
• Research Institutes
• Industry associations
• Market research and consulting firm.

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as collaboration manufacturer and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.