Variable Frequency Drive (VFD) Market by End-user, Type, and Geography - Forecast and Analysis 2023-2027

  • Published: May 2023
  • Pages: 185
  • SKU: IRTNTR72767

Enjoy complimentary customisation on priority with our Enterprise License!

Interested in this report?
Get your sample now!
Variable Frequency Drives market growth will increase by $7124.1 million during 2023-2027.
The variable frequency drives market is expected to grow at a CAGR of 5.5% during 2023-2027.
Technavio has segmented the variable frequency drives market by end-user (Food and beverage, Water and wastewater treatment, Oil and gas, Power generation, and Automotive others) ,type (Low voltage drives and Medium voltage drives) , and geography (APAC, Europe, North America, Middle East and Africa, and South America).
ABB Ltd., Danaher Corp., Danfoss AS, Eaton Corp. Plc, Emerson Electric Co., Fuji Electric Co. Ltd., General Electric Co., Hitachi Ltd., Honeywell International Inc., Johnson Controls International Plc, Mitsubishi Electric Corp., Nidec Corp., Rockwell Automation Inc., Schaffner Group, Schneider Electric SE, Siemens AG, Spoc Automation Inc., Toshiba Corp., WEG Equipamentos Eletricos S.A., Yaskawa Electric Corp. are a few of the key vendors in the variable frequency drives market.
APAC will register the highest growth rate of 35.99% among the other regions. Therefore, the variable frequency drives market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the variable frequency drives market growth are:
  • Presence of regulations that mandate use of variable frequency drives in industries
  • Technological advances in variable frequency drives
The variable frequency drives market vendors should focus on grabbing business opportunities from the Food and beverage segment as it accounted for the largest market share in the base year.
  • What are the key global market and the regional market share?
  • What are the revenue-generating key market segments?
  • What are the key factors driving and challenging this market’s growth?
  • Who are the key market vendors and their growth strategies?
  • What are the latest trends influencing the growth of this market?
  • What are the variables influencing the market growth in the primary regions?
  • What are the factors influencing the growth of the parent market?
  • Off-the-shelf research reports
  • Reports can be tailored to meet the customer's needs
  • Trusted by more than 100 fortune 500 organizations
  • Information about the market's key drivers, trends, and challenges
  • Parent market analysis
  • Every week, 50,000 people visit our subscription platform
  • Detailed vendors report with competitive landscape
  • Covid-19 impact and recovery analysis
  • Data on revenue-generating market segments
  • Details on the market shares of various regions
  • Five-force market analysis

Certified ISO 9001 : 2015

We are ISO recognized

We are ISO 9001:2015 recognized that ensures quality services and product delivery to our clients.

We are GDPR and CCPA compliant

We are GDPR and CCPA compliant! Your transaction & personal information is protected from unauthorized use.

Safe and Secure SSL Encrypted
  • Single:

    One user only.
    Quick & easy download option

  • Enterprise:

    Unlimited user access (Within your organization)
    Complimentary Customization Included

  • 2500 USD

Technavio Get the report (PDF) sent to your email within minutes.

Subscribe & Save

Get lifetime access to our
Technavio Insights

Customized Report as per your Business Needs

  • Our analysts will work directly with you and understand your needs
  • Get data on specified regions or segments, competitor and Vendors
  • Data will be formatted and presented as per your requirements
  • We offer $1000 worth of FREE customization at the time of purchase

Let us help you make report more suited to your requirements.

  • Get a competitive breakdown as per your niche industry
  • Customize the data with various metrics that meet your business prerequisite
  • Understand Revenue Sources, Customers and many more
  • Details on Market Share
  • These customizations are done in a short amount of time by our analysts and industry experts

Cookie Policy X

The Site uses cookies to record users' preferences in relation to the functionality of accessibility. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.