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Variable Frequency Drive Market by Type (AC, DC, Servo), Application (Pumps, Fans, Compressors, Conveyors), End User (Industrial, Infrastructure, Oil & Gas, Power), Power Rating (Micro, Low, Medium, High), Voltage and Region - Global Forecast to 2027

Variable Frequency Drive Market by Type (AC, DC, Servo), Application (Pumps, Fans, Compressors, Conveyors), End User (Industrial, Infrastructure, Oil & Gas, Power), Power Rating (Micro, Low, Medium, High), Voltage and Region - Global Forecast to 2027

The variable frequency drive market is anticipated to grow from an estimated USD 21.2 billion in 2022 to USD 26.8 billion in 2027, at a CAGR of 4.8% during the forecast period. The advantages associated with the use of variable frequency drives include reduced energy consumption and costs, increased energy efficiency, extended equipment life, and low maintenance costs. They are used for variable torque applications in the oil & gas, power, infrastructure, and industrial sectors. These factor would drive the growth of variable frequency drive.

“Pumps: The fastest-growing segment of the variable frequency drive market, by application“

The pumps segment is estimated to grow from USD XX million in 2022 to USD XX million by 2027, at a CAGR of X%. The growing need for enhancing energy efficiency and performance of pumps under different load conditions is likely to fuel the growth of the variable frequency drive market for pumps.

“Industrial segment is expected to emerge as the largest segment based on end-user industry”

The market for the industrial segment is projected to be valued at USD XX million in 2022 and reach USD XX billion by 2027, at a CAGR of XX%. The growing adoption of variable frequency drives in various industries, such as chemical, petrochemical, pulp & paper, and food & beverage is driving the growth of the industrial segment.

“ Europe is expected to account for the second-largest market size during the forecast period.”

North America is expected to be the second largest and fastest-growing market due to the presence of industrialized countries such as the UK, Russia, Germany, Italy, France, and Spain. Increasing investments, growing adoption of renewable energy, and rising focus on modernization of legacy infrastructure are factors projected to fuel the regional market’s growth.

Breakdown of Primaries:
In-depth interviews have been conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information, as well as to assess future market prospects. The distribution of primary interviews is as follows:
By Company Type: Tier 1- 60%, Tier 2- 24%, and Tier 3- 11%
By Designation: C-Level- 30%, Director Level- 25%, and Others- 45%
By Region: Europe- 20%, Asia Pacific- 33%, North America- 27%, the Middle East & Africa- 12%, and South America- 8%
Note: Others includes product engineers, product specialists, and engineering leads.
Note: The tiers of the companies are defined on the basis of their total revenues as of 2021. Tier 1: > USD 1 billion, Tier 2: From USD 500 million to USD 1 billion, and Tier 3: < USD 500 million
The variable frequency drive market is dominated by a few major players that have a wide regional presence. The leading players in the variable frequency drive market are ABB (Switzerland), Siemens (Germany), Schneider Electric (France), Danfoss (Denmark), and Rockwell Automation (US).

Research Coverage:
The report defines, describes, and forecasts the global variable frequency drive market, by type, voltage type, power rating, application, end-user industry, and region. It also offers a detailed qualitative and quantitative analysis of the market. The report provides a comprehensive review of the major market drivers, restraints, opportunities, and challenges. It also covers various important aspects of the market. These include an analysis of the competitive landscape, market dynamics, market estimates, in terms of value, and future trends in the variable frequency drive market.

Key Benefits of Buying the Report
1.The report identifies and addresses the key markets for variable frequency drive, which would help equipment manufacturers review the growth in demand.
2.The report helps system providers understand the pulse of the market and provides insights into drivers, restraints, opportunities, and challenges.
3.The report will help key players understand the strategies of their competitors better and help them in making better strategic decisions.
Table of Contents

1INTRODUCTION32
1.1STUDY OBJECTIVES32
1.2DEFINITION32
1.2.1VARIABLE FREQUENCY DRIVE MARKET, BY POWER RATING: INCLUSIONS AND EXCLUSIONS32
1.2.2VARIABLE FREQUENCY DRIVE MARKET, BY END USER: INCLUSIONS AND EXCLUSIONS33
1.2.3VARIABLE FREQUENCY DRIVE MARKET, BY TYPE: INCLUSIONS AND EXCLUSIONS33
1.2.4VARIABLE FREQUENCY DRIVE MARKET, BY APPLICATION: INCLUSIONS AND EXCLUSIONS33
1.2.5VARIABLE FREQUENCY DRIVE MARKET, BY VOLTAGE: INCLUSIONS AND EXCLUSIONS33
1.3MARKET SCOPE34
1.3.1MARKET SEGMENTATION34
1.3.2REGIONAL SCOPE34
1.3.3YEARS CONSIDERED35
1.4CURRENCY35
1.5LIMITATIONS35
1.6STAKEHOLDERS36
1.7SUMMARY OF CHANGES36
2RESEARCH METHODOLOGY37
2.1RESEARCH DATA37
FIGURE 1VARIABLE FREQUENCY DRIVE MARKET: RESEARCH DESIGN38
2.2MARKET BREAKDOWN AND DATA TRIANGULATION39
FIGURE 2DATA TRIANGULATION39
2.2.1SECONDARY DATA40
2.2.1.1KEY DATA FROM SECONDARY SOURCES40
2.2.2PRIMARY DATA40
2.2.2.1KEY DATA FROM PRIMARY SOURCES41
2.2.2.2BREAKDOWN OF PRIMARIES41
2.3MATRIX CONSIDERED FOR DEMAND SIDE ASSESSMENT42
FIGURE 3MAIN MATRIX CONSIDERED WHILE ASSESSING DEMAND FOR VARIABLE FREQUENCY DRIVES42
2.4MARKET SIZE ESTIMATION42
2.4.1DEMAND SIDE MATRIX42
FIGURE 4VARIABLE FREQUENCY DRIVE MARKET: INDUSTRY-REGION/ COUNTRY-WISE ANALYSIS42
2.4.1.1CALCULATION FOR DEMAND SIDE ANALYSIS43
2.4.1.2KEY ASSUMPTIONS WHILE CALCULATING DEMAND SIDE MARKET SIZE43
2.4.2SUPPLY SIDE MATRIX44
FIGURE 5KEY STEPS CONSIDERED FOR ASSESSING SUPPLY OF VARIABLE FREQUENCY DRIVES44
2.4.2.1CALCULATIONS FOR SUPPLY SIDE ANALYSIS44
FIGURE 6VARIABLE FREQUENCY DRIVE MARKET: SUPPLY SIDE ANALYSIS45
2.4.2.2ASSUMPTIONS WHILE CALCULATING SUPPLY SIDE MARKET SIZE45
FIGURE 7COMPANY REVENUE ANALYSIS, 202145
2.4.3FORECAST46
3EXECUTIVE SUMMARY47
TABLE 1VARIABLE FREQUENCY DRIVE MARKET SNAPSHOT48
FIGURE 8AC DRIVE SEGMENT TO LEAD VARIABLE FREQUENCY DRIVE MARKET,
BY TYPE, DURING FORECAST PERIOD49
FIGURE 9LOW VOLTAGE SEGMENT TO LEAD VARIABLE FREQUENCY DRIVE MARKET,
BY VOLTAGE, DURING FORECAST PERIOD49
FIGURE 10LOW POWER DRIVE SEGMENT TO LEAD VARIABLE FREQUENCY DRIVE MARKET, BY POWER RATING, DURING FORECAST PERIOD50
FIGURE 11PUMPS SEGMENT TO LEAD VARIABLE FREQUENCY DRIVE MARKET,
BY APPLICATION, DURING FORECAST PERIOD50
FIGURE 12INDUSTRIAL SEGMENT TO LEAD VARIABLE FREQUENCY DRIVE MARKET,
BY END USER, DURING FORECAST PERIOD51
FIGURE 13ASIA PACIFIC TO DOMINATE VARIABLE FREQUENCY DRIVE MARKET BETWEEN 2022 AND 202751
4PREMIUM INSIGHTS52
4.1ATTRACTIVE OPPORTUNITIES IN VARIABLE FREQUENCY DRIVE MARKET52
FIGURE 14GROWING NEED FOR ENHANCING ENERGY EFFICIENCY AND ACHIEVING COST SAVINGS TO DRIVE GROWTH OF VARIABLE FREQUENCY DRIVE MARKET, 2022–202752
4.2VARIABLE FREQUENCY DRIVE MARKET, BY REGION53
FIGURE 15ASIA PACIFIC VARIABLE FREQUENCY DRIVE MARKET TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD53
4.3VARIABLE FREQUENCY DRIVE MARKET, BY TYPE53
FIGURE 16AC DRIVES SEGMENT DOMINATED VARIABLE FREQUENCY DRIVE MARKET IN 202153
4.4VARIABLE FREQUENCY DRIVE MARKET, BY VOLTAGE54
FIGURE 17LOW VOLTAGE SEGMENT DOMINATED VARIABLE FREQUENCY DRIVE MARKET IN 202154
4.5VARIABLE FREQUENCY DRIVE MARKET, BY POWER RATING54
FIGURE 18LOW POWER DRIVE SEGMENT HELD LARGEST SHARE OF VARIABLE FREQUENCY DRIVE MARKET IN 202154
4.6VARIABLE FREQUENCY DRIVE MARKET, BY APPLICATION55
FIGURE 19PUMPS SEGMENT HELD LARGEST SHARE OF VARIABLE FREQUENCY DRIVE MARKET IN 202155
4.7VARIABLE FREQUENCY DRIVE MARKET, BY END USER55
FIGURE 20INDUSTRIAL SEGMENT DOMINATED VARIABLE FREQUENCY DRIVE MARKET IN 202155
5MARKET OVERVIEW56
5.1INTRODUCTION56
5.2MARKET DYNAMICS56
FIGURE 21VARIABLE FREQUENCY DRIVE MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES56
5.2.1DRIVERS57
5.2.1.1INCREASING INDUSTRIALIZATION AND GROWING DEMAND FOR ENERGY EFFICIENCY57
5.2.1.2RISING NEED FOR ENHANCING ENERGY EFFICIENCY AND DECREASING ENERGY CONSUMPTION57
TABLE 2ENERGY SAVINGS USING VARIABLE FREQUENCY DRIVES (VFDS), 202158
FIGURE 22GLOBAL DOMESTIC ELECTRICITY CONSUMPTION, 2015–202058
5.2.1.3SUPPORTIVE REGULATORY ENVIRONMENT FOR EFFICIENT AND EFFECTIVE ENERGY UTILIZATION59
5.2.2RESTRAINTS59
5.2.2.1STAGNANT GROWTH OF OIL & GAS INDUSTRY AND DECLINE IN EXPLORATION AND PRODUCTION ACTIVITIES59
FIGURE 23CRUDE OIL PRICE TREND, 2017–2022 (USD PER BARREL)60
5.2.2.2INCREASE IN MAINTENANCE COST OF SYSTEMS AFTER IMPLEMENTATION OF VARIABLE FREQUENCY DRIVES (VFDS)60
5.2.3OPPORTUNITIES61
5.2.3.1MODERNIZATION OF POWER INFRASTRUCTURE61
5.2.3.2GROWING USE OF INDUSTRIAL INTERNET OF THINGS (IOT) AND ROBOTICS TECHNOLOGIES61
5.2.4CHALLENGES61
5.2.4.1AVAILABILITY OF LOW-COST PRODUCTS IN GRAY MARKET61
5.2.4.2SHORTAGE OF COMPONENTS AND PARTS DUE TO SUPPLY CHAIN DISRUPTIONS62
TABLE 3REGION-/COUNTRY-WISE PERCENTAGE DEVIATIONS FROM BENCHMARKS DUE TO COVID-1962
5.3PORTER’S FIVE FORCES ANALYSIS63
TABLE 4VARIABLE FREQUENCY DRIVE MARKET: PORTER’S FIVE FORCES ANALYSIS63
FIGURE 24PORTER’S FIVE FORCES ANALYSIS63
5.3.1THREAT OF SUBSTITUTES64
5.3.2BARGAINING POWER OF SUPPLIERS64
5.3.3BARGAINING POWER OF BUYERS64
5.3.4THREAT OF NEW ENTRANTS65
5.3.5INTENSITY OF COMPETITIVE RIVALRY65
5.4KEY STAKEHOLDERS AND BUYING CRITERIA65
5.4.1KEY STAKEHOLDERS IN BUYING PROCESS65
FIGURE 25INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS, BY END USER65
TABLE 5INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS, BY END USER (%)66

5.4.2BUYING CRITERIA66
FIGURE 26KEY BUYING CRITERIA FOR END USERS66
TABLE 6KEY BUYING CRITERIA, BY END USER66
5.5COVID-19 IMPACT ANALYSIS66
5.5.1COVID-19 HEALTH ASSESSMENT66
FIGURE 27COVID-19 GLOBAL PROPAGATION67
FIGURE 28COVID-19 PROPAGATION IN SELECTED COUNTRIES68
5.5.2COVID-19 ECONOMIC ASSESSMENT68
FIGURE 29REVISED GDP FORECASTS FOR SELECTED G20 COUNTRIES IN 202068
5.6AVERAGE SELLING PRICE TREND69
FIGURE 30AVERAGE SELLING PRICES OF KEY PLAYER OFFERINGS FOR POWER RATING69
TABLE 7AVERAGE SELLING PRICES OF KEY PLAYER OFFERINGS FOR POWER
RATING (USD)69
5.7VALUE CHAIN ANALYSIS70
FIGURE 31VARIABLE FREQUENCY DRIVE MARKET: VALUE CHAIN70
5.7.1RAW MATERIAL PROVIDERS/SUPPLIERS70
5.7.2COMPONENT MANUFACTURERS70
5.7.3ASSEMBLERS/MANUFACTURERS70
5.7.4DISTRIBUTORS/END USERS AND POST-SALES SERVICES71
5.8TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES71
5.8.1REVENUE SHIFT AND NEW REVENUE POCKETS FOR VARIABLE FREQUENCY DRIVE MANUFACTURERS71
FIGURE 32REVENUE SHIFT FOR VARIABLE FREQUENCY DRIVE MANUFACTURERS71
5.9TECHNOLOGY ANALYSIS72
5.9.1PERMANENT MAGNET MOTORS72
5.9.2WIRELESS DIAGNOSTIC72
5.9.3MODULAR MEMORY72
5.9.4PREDICTIVE MAINTENANCE73
5.10KEY CONFERENCES AND EVENTS BETWEEN 2022 AND 202373
TABLE 8VARIABLE FREQUENCY DRIVE MARKET: DETAILED LIST OF CONFERENCES AND EVENTS73
5.11MARKET MAP74
FIGURE 33MARKET MAP FOR VARIABLE FREQUENCY DRIVES74
5.12INNOVATIONS AND PATENT REGISTRATIONS75
TABLE 9VARIABLE FREQUENCY DRIVE MARKET: PATENTS AND INNOVATIONS75
5.13TRADE DATA STATISTICS76
TABLE 10ELECTRIC MOTOR: IMPORT STATISTICS, 2018–2021 (USD MILLION)76
TABLE 11ELECTRIC MOTOR: EXPORT STATISTICS, 2018–2021 (USD MILLION)76
5.14CASE STUDY ANALYSIS76
5.14.1ABB’S ULTRA-LOW HARMONIC DRIVES IMPROVED ENERGY EFFICIENCY OF ICE-MAKING PROCESS AT OULU ENERGY ARENA, 202176
5.14.2DANFOSS DELIVERED ENERGY-EFFICIENT DRIVES FOR IMPROVING INDOOR AIR QUALITY IN DELHI METRO, 202177
5.14.3ABB’S VARIABLE FREQUENCY DRIVE SUCCESS, 201877
5.15REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS77
TABLE 12NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS78
TABLE 13EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS78
TABLE 14ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS79
TABLE 15REST OF WORLD: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS79
TABLE 16GLOBAL: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS80
5.15.1CODES AND REGULATIONS RELATED TO VARIABLE FREQUENCY DRIVES81
TABLE 17ASIA PACIFIC: CODES AND REGULATIONS81
TABLE 18EUROPE AND NORTH AMERICA: CODES AND REGULATIONS81
TABLE 19GLOBAL: CODES AND REGULATIONS82
6VARIABLE FREQUENCY DRIVE MARKET, BY TYPE83
6.1INTRODUCTION84
FIGURE 34VARIABLE FREQUENCY DRIVE MARKET, BY TYPE, 202184
TABLE 20VARIABLE FREQUENCY DRIVE MARKET, BY TYPE, 2020–2027 (USD MILLION)84
6.2AC DRIVE85
6.2.1EASY AVAILABILITY AND HIGH ENERGY EFFICIENCY ARE FACTORS DRIVING MARKET GROWTH85
TABLE 21AC DRIVE: VARIABLE FREQUENCY DRIVE MARKET, BY REGION,
2020–2027 (USD MILLION)85
6.3DC DRIVE86
6.3.1ADVANTAGES SUCH AS SPEED CONTROL AND HIGH-SPEED REGULATION TO PROPEL DEMAND FOR DC DRIVES86
TABLE 22DC DRIVE: VARIABLE FREQUENCY DRIVE MARKET, BY REGION,
2020–2027 (USD MILLION)86
6.4SERVO DRIVE87
6.4.1INCREASING APPLICATIONS IN CLOSED-LOOP CONTROL AND I/O PROCESSING FOR SAFETY COMPONENTS TO BOOST GROWTH OF SEGMENT87
TABLE 23SERVO DRIVE: VARIABLE FREQUENCY DRIVE MARKET, BY REGION, 2020–2027 (USD MILLION)87
7VARIABLE FREQUENCY DRIVE MARKET, BY VOLTAGE88
7.1INTRODUCTION89
FIGURE 35VARIABLE FREQUENCY DRIVE MARKET, BY VOLTAGE, 202189
TABLE 24VARIABLE FREQUENCY DRIVE MARKET, BY VOLTAGE,
2020–2027 (USD MILLION)89
7.2LOW VOLTAGE89
7.2.1RISING APPLICATIONS OF LOW VOLTAGE VARIABLE FREQUENCY DRIVES
TO FUEL MARKET GROWTH89
TABLE 25LOW VOLTAGE: VARIABLE FREQUENCY DRIVE MARKET, BY REGION,
2020–2027 (USD MILLION)90
7.3MEDIUM VOLTAGE91
7.3.1GROWING USE OF MEDIUM VOLTAGE VARIABLE FREQUENCY DRIVES TO MINIMIZE OPERATING AND MAINTENANCE COSTS TO DRIVE MARKET GROWTH91
TABLE 26MEDIUM VOLTAGE: VARIABLE FREQUENCY DRIVE MARKET, BY REGION, 2020–2027 (USD MILLION)91
8VARIABLE FREQUENCY DRIVE MARKET, BY POWER RATING92
8.1INTRODUCTION93
FIGURE 36VARIABLE FREQUENCY DRIVE MARKET, BY POWER RATING, 202193
TABLE 27VARIABLE FREQUENCY DRIVE MARKET, BY POWER RATING,
2020–2027 (USD MILLION)93
8.2MICRO POWER DRIVE93
8.2.1RAPID INDUSTRIAL AND URBAN DEVELOPMENTS TO DRIVE MARKET GROWTH93
TABLE 28MICRO POWER DRIVE: VARIABLE FREQUENCY DRIVE MARKET, BY REGION, 2020–2027 (USD MILLION)94
8.3LOW POWER DRIVE94
8.3.1EXPANDING WATER & WASTEWATER TREATMENT INDUSTRY TO BOOST DEMAND FOR LOW POWER VARIABLE FREQUENCY DRIVES94
TABLE 29LOW POWER DRIVE: VARIABLE FREQUENCY DRIVE MARKET, BY REGION, 2020–2027 (USD MILLION)95
8.4MEDIUM POWER DRIVE95
8.4.1GROWING DEMAND FOR MEDIUM POWER DRIVES IN OIL & GAS INDUSTRY TO DRIVE MARKET GROWTH95
TABLE 30MEDIUM POWER DRIVE: VARIABLE FREQUENCY DRIVE MARKET, BY REGION, 2020–2027 (USD MILLION)96
8.5HIGH POWER DRIVE96
8.5.1GROWING METAL & MINING INDUSTRY TO DRIVE MARKET GROWTH96
TABLE 31HIGH POWER DRIVE: VARIABLE FREQUENCY DRIVE MARKET, BY REGION, 2020–2027 (USD MILLION)97
9VARIABLE FREQUENCY DRIVE MARKET, BY APPLICATION98
9.1INTRODUCTION99
FIGURE 37PUMPS SEGMENT ACCOUNTED FOR LARGEST MARKET SHARE IN 202199
TABLE 32VARIABLE FREQUENCY DRIVE MARKET, BY APPLICATION,
2020–2027 (USD MILLION)99
9.2PUMPS100
9.2.1GROWING NEED TO REDUCE ENERGY CONSUMPTION AND MAINTENANCE COSTS TO DRIVE MARKET GROWTH100
TABLE 33PUMPS: VARIABLE FREQUENCY DRIVE MARKET, BY REGION,
2020–2027 (USD MILLION)100
9.3FANS101
9.3.1INCREASING ENERGY COSTS TO FUEL MARKET GROWTH101
TABLE 34FANS: VARIABLE FREQUENCY DRIVE MARKET, BY REGION,
2020–2027 (USD MILLION)101
9.4COMPRESSORS102
9.4.1GROWING AWARENESS REGARDING ENERGY SAVING AND INCREASING IMPLEMENTATION OF ENERGY-EFFICIENT SOLUTIONS TO BOOST DEMAND FOR VARIABLE FREQUENCY DRIVES102
TABLE 35COMPRESSORS: VARIABLE FREQUENCY DRIVE MARKET, BY REGION,
2020–2027 (USD MILLION)102
9.5CONVEYORS103
9.5.1RISING NEED FOR PROCESS INTEGRATION OF CONVEYORS TO FUEL DEMAND FOR VARIABLE FREQUENCY DRIVES103
TABLE 36CONVEYORS: VARIABLE FREQUENCY DRIVE MARKET, BY REGION,
2020–2027 (USD MILLION)103
9.6OTHERS104
TABLE 37OTHERS: VARIABLE FREQUENCY DRIVE MARKET, BY REGION,
2020–2027 (USD MILLION)104
10VARIABLE FREQUENCY DRIVE MARKET, BY END USER105
10.1INTRODUCTION106
FIGURE 38INDUSTRIAL SEGMENT ACCOUNTED FOR LARGEST MARKET SHARE IN 2021106
TABLE 38VARIABLE FREQUENCY DRIVE MARKET, BY END USER,
2020–2027 (USD MILLION)106
10.2OIL & GAS107
10.2.1RISING FOCUS ON ACHIEVING ENERGY EFFICIENCY AND GROWING USAGE OF MOTORS ON LARGE SCALE TO DRIVE MARKET GROWTH107
TABLE 39OIL & GAS: VARIABLE FREQUENCY DRIVE MARKET, BY REGION,
2020–2027 (USD MILLION)107
10.3INDUSTRIAL108
10.3.1MOTORIZED AUTOMATION AND OPTIMUM UTILIZATION OF MACHINES AND POWER TO FUEL DEMAND FOR VARIABLE FREQUENCY DRIVES108
TABLE 40INDUSTRIAL: VARIABLE FREQUENCY DRIVE MARKET, BY REGION,
2020–2027 (USD MILLION)108
10.4POWER109
10.4.1INCREASING EMPHASIS ON ENERGY EFFICIENCY AND COST REDUCTION TO DRIVE MARKET GROWTH109
TABLE 41POWER: VARIABLE FREQUENCY DRIVE MARKET, BY REGION,
2020–2027 (USD MILLION)109
10.5INFRASTRUCTURE110
10.5.1GROWING NEED FOR ENERGY OPTIMIZATION AND ENHANCING ENERGY EFFICIENCY TO DRIVE MARKET GROWTH110
TABLE 42INFRASTRUCTURE: VARIABLE FREQUENCY DRIVE MARKET, BY REGION, 2020–2027 (USD MILLION)110
11VARIABLE FREQUENCY DRIVE MARKET, BY REGION111
11.1INTRODUCTION112
FIGURE 39VARIABLE FREQUENCY DRIVE MARKET, BY REGION, 2021 (%)113
FIGURE 40ASIA PACIFIC VARIABLE FREQUENCY DRIVE MARKET TO REGISTER HIGHEST CAGR FROM 2022 TO 2027113
TABLE 43VARIABLE FREQUENCY DRIVE MARKET, BY REGION,
2020–2027 (USD MILLION)114
TABLE 44VARIABLE FREQUENCY DRIVE MARKET, BY REGION,
2020–2027 (THOUSAND UNITS)114
11.2ASIA PACIFIC114
FIGURE 41SNAPSHOT: VARIABLE FREQUENCY DRIVE MARKET IN ASIA PACIFIC115
11.2.1BY TYPE116
TABLE 45ASIA PACIFIC: VARIABLE FREQUENCY DRIVE MARKET, BY TYPE,
2020–2027 (USD MILLION)116
11.2.2BY VOLTAGE116
TABLE 46ASIA PACIFIC: VARIABLE FREQUENCY DRIVE MARKET, BY VOLTAGE,
2020–2027 (USD MILLION)116
11.2.3BY POWER RATING116
TABLE 47ASIA PACIFIC: VARIABLE FREQUENCY DRIVE MARKET, BY POWER RATING, 2020–2027 (USD MILLION)116
11.2.4BY APPLICATION117
TABLE 48ASIA PACIFIC: VARIABLE FREQUENCY DRIVE MARKET, BY APPLICATION, 2020–2027 (USD MILLION)117
11.2.5BY END USER117
TABLE 49ASIA PACIFIC: VARIABLE FREQUENCY DRIVE MARKET, BY END USER,
2020–2027 (USD MILLION)117
11.2.6BY COUNTRY118
TABLE 50ASIA PACIFIC: VARIABLE FREQUENCY DRIVE MARKET, BY COUNTRY,
2020–2027 (USD MILLION)118
11.2.6.1CHINA118
11.2.6.1.1Rising investments in oil & gas industry and industrial sector to fuel demand for variable frequency drives118
TABLE 51CHINA: VARIABLE FREQUENCY DRIVE MARKET, BY END USER,
2020–2027 (USD MILLION)119
11.2.6.2INDIA119
11.2.6.2.1Government-led investments in industrial sector and expanding chemical and metal & mining industries to fuel growth of variable frequency drive market119
TABLE 52INDIA: VARIABLE FREQUENCY DRIVE MARKET, BY END USER,
2020–2027 (USD MILLION)120
11.2.6.3AUSTRALIA120
11.2.6.3.1Favorable government policies for lithium mining and increasing investments in wind development projects to drive market growth in Australia120
TABLE 53AUSTRALIA: VARIABLE FREQUENCY DRIVE MARKET, BY END USER,
2020–2027 (USD MILLION)121
11.2.6.4JAPAN121
11.2.6.4.1Increasing investments in power sector and growing demand for LNG to drive market growth in Japan121
TABLE 54JAPAN: VARIABLE FREQUENCY DRIVE MARKET, BY END USER,
2020–2027 (USD MILLION)122

11.2.6.5SOUTH KOREA122
11.2.6.5.1Expanding steel and construction industries to drive market growth in South Korea122
TABLE 55SOUTH KOREA: VARIABLE FREQUENCY DRIVE MARKET, BY END USER, 2020–2027 (USD MILLION)123
11.2.6.6INDONESIA123
11.2.6.6.1Development of petrochemical products and renewable power generation to drive market growth in Indonesia123
TABLE 56INDONESIA: VARIABLE FREQUENCY DRIVE MARKET, BY END USER,
2020–2027 (USD MILLION)123
11.2.6.7REST OF ASIA PACIFIC124
TABLE 57REST OF ASIA PACIFIC: VARIABLE FREQUENCY DRIVE MARKET, BY END USER, 2020–2027 (USD MILLION)124
11.3NORTH AMERICA125
FIGURE 42NORTH AMERICA VARIABLE FREQUENCY DRIVE MARKET: SNAPSHOT126
11.3.1BY TYPE126
TABLE 58NORTH AMERICA: VARIABLE FREQUENCY DRIVE MARKET, BY TYPE,
2020–2027 (USD MILLION)126
11.3.2BY VOLTAGE127
TABLE 59NORTH AMERICA: VARIABLE FREQUENCY DRIVE MARKET, BY VOLTAGE, 2020–2027 (USD MILLION)127
11.3.3BY POWER RATING127
TABLE 60NORTH AMERICA: VARIABLE FREQUENCY DRIVE MARKET, BY POWER RATING, 2020–2027 (USD MILLION)127
11.3.4BY APPLICATION127
TABLE 61NORTH AMERICA: VARIABLE FREQUENCY DRIVE MARKET, BY APPLICATION, 2020–2027 (USD MILLION)127
11.3.5BY END USER128
TABLE 62NORTH AMERICA: VARIABLE FREQUENCY DRIVE MARKET, BY END USER, 2020–2027 (USD MILLION)128
11.3.6BY COUNTRY128
TABLE 63NORTH AMERICA: VARIABLE FREQUENCY DRIVE MARKET, BY COUNTRY, 2020–2027 (USD MILLION)128
11.3.6.1US128
11.3.6.1.1Increasing investments in oil & gas and chemical industries and rising mining exploration activities to drive US market growth128
TABLE 64US: VARIABLE FREQUENCY DRIVE MARKET, BY END USER,
2020–2027 (USD MILLION)129
11.3.6.2CANADA129
11.3.6.2.1Increasing focus on development of oil & gas and power industries to boost demand for variable frequency drives in Canada129
TABLE 65CANADA: VARIABLE FREQUENCY DRIVE MARKET, BY END USER,
2020–2027 (USD MILLION)130
11.3.6.3MEXICO130
11.3.6.3.1Increasing investments in oil & gas industry and development of water and wastewater treatment infrastructure to drive market growth in Mexico130
TABLE 66MEXICO: VARIABLE FREQUENCY DRIVE MARKET, BY END USER,
2020–2027 (USD MILLION)131
11.4EUROPE131
11.4.1BY TYPE132
TABLE 67EUROPE: VARIABLE FREQUENCY DRIVE MARKET, BY TYPE,
2020–2027 (USD MILLION)132
11.4.2BY VOLTAGE132
TABLE 68EUROPE: VARIABLE FREQUENCY DRIVE MARKET, BY VOLTAGE,
2020–2027 (USD MILLION)132
11.4.3BY POWER RATING132
TABLE 69EUROPE: VARIABLE FREQUENCY DRIVE MARKET, BY POWER RATING,
2020–2027 (USD MILLION)132
11.4.4BY APPLICATION133
TABLE 70EUROPE: VARIABLE FREQUENCY DRIVE MARKET, BY APPLICATION,
2020–2027 (USD MILLION)133
11.4.5BY END USER133
TABLE 71EUROPE: VARIABLE FREQUENCY DRIVE MARKET, BY END USER,
2020–2027 (USD MILLION)133
11.4.6BY COUNTRY134
TABLE 72EUROPE: VARIABLE FREQUENCY DRIVE MARKET, BY COUNTRY,
2020–2027 (USD MILLION)134
11.4.6.1UK134
11.4.6.1.1Growing demand for wind energy to increase deployment of variable frequency drives in UK134
TABLE 73UK: VARIABLE FREQUENCY DRIVE MARKET, BY END USER,
2020–2027 (USD MILLION)135
11.4.6.2RUSSIA135
11.4.6.2.1Surging investments in oil & gas industry to boost market growth in Russia135
TABLE 74RUSSIA: VARIABLE FREQUENCY DRIVE MARKET, BY END USER,
2020–2027 (USD MILLION)135
11.4.6.3GERMANY136
11.4.6.3.1Increasing focus on expanding power sector and infrastructure development to fuel demand for variable frequency drives in Germany136
TABLE 75GERMANY: VARIABLE FREQUENCY DRIVE MARKET, BY END USER,
2020–2027 (USD MILLION)136
11.4.6.4ITALY137
11.4.6.4.1Expanding industrial sector and power industry to drive market growth in Italy137
TABLE 76ITALY: VARIABLE FREQUENCY DRIVE MARKET, BY END USER,
2020–2027 (USD MILLION)137
11.4.6.5FRANCE137
11.4.6.5.1Growing demand for variable frequency drives in mining industry and renewable energy projects to fuel market growth137
TABLE 77FRANCE: VARIABLE FREQUENCY DRIVE MARKET, BY END USER,
2020–2027 (USD MILLION)138

11.4.6.6SPAIN138
11.4.6.6.1Growing industrial sector to fuel demand for variable frequency
drives in Spain138
TABLE 78SPAIN: VARIABLE FREQUENCY DRIVE MARKET, BY END USER,
2020–2027 (USD MILLION)139
11.4.6.7REST OF EUROPE139
TABLE 79REST OF EUROPE: VARIABLE FREQUENCY DRIVE MARKET, BY END USER, 2020–2027 (USD MILLION)140
11.5SOUTH AMERICA140
11.5.1BY TYPE140
TABLE 80SOUTH AMERICA: VARIABLE FREQUENCY DRIVE MARKET, BY TYPE, 2020–2027 (USD MILLION)140
11.5.2BY VOLTAGE141
TABLE 81SOUTH AMERICA: VARIABLE FREQUENCY DRIVE MARKET, BY VOLTAGE, 2020–2027 (USD MILLION)141
11.5.3BY POWER RATING141
TABLE 82SOUTH AMERICA: VARIABLE FREQUENCY DRIVE MARKET, BY POWER RATING, 2020–2027 (USD MILLION)141
11.5.4BY APPLICATION141
TABLE 83SOUTH AMERICA: VARIABLE FREQUENCY DRIVE MARKET, BY APPLICATION, 2020–2027 (USD MILLION)141
11.5.5BY END USER142
TABLE 84SOUTH AMERICA: VARIABLE FREQUENCY DRIVE MARKET, BY END USER, 2020–2027 (USD MILLION)142
11.5.6BY COUNTRY142
TABLE 85SOUTH AMERICA: VARIABLE FREQUENCY DRIVE MARKET, BY COUNTRY, 2020–2027 (USD MILLION)142
11.5.6.1BRAZIL143
11.5.6.1.1Increasing investment due to privatization in oil & gas and power industries to propel demand for variable frequency drives in Brazil143
TABLE 86BRAZIL: VARIABLE FREQUENCY DRIVE MARKET, BY END USER,
2020–2027 (USD MILLION)143
11.5.6.2ARGENTINA144
11.5.6.2.1Favorable government policies along with investments in oil & gas, mining, and renewable energy to fuel demand for variable frequency drives in Argentina144
TABLE 87ARGENTINA: VARIABLE FREQUENCY MARKET, BY END USER,
2020–2027 (USD MILLION)144
11.5.6.3CHILE145
11.5.6.3.1Developments in infrastructure projects and mining sector in Chile to drive market growth145
TABLE 88CHILE: VARIABLE FREQUENCY DRIVE MARKET, BY END USER,
2020–2027 (USD MILLION)145
11.5.6.4REST OF SOUTH AMERICA146
TABLE 89REST OF SOUTH AMERICA: VARIABLE FREQUENCY DRIVE MARKET,
BY END USER, 2020–2027 (USD MILLION)146

11.6MIDDLE EAST147
11.6.1BY TYPE147
TABLE 90MIDDLE EAST: VARIABLE FREQUENCY DRIVE MARKET, BY TYPE,
2020–2027 (USD MILLION)147
11.6.2BY VOLTAGE148
TABLE 91MIDDLE EAST: VARIABLE FREQUENCY DRIVE MARKET, BY VOLTAGE,
2020–2027 (USD MILLION)148
11.6.3BY POWER RATING148
TABLE 92MIDDLE EAST: VARIABLE FREQUENCY DRIVE MARKET, BY POWER RATING, 2020–2027 (USD MILLION)148
11.6.4BY APPLICATION148
TABLE 93MIDDLE EAST: VARIABLE FREQUENCY DRIVE MARKET, BY APPLICATION, 2020–2027 (USD MILLION)148
TABLE 94MIDDLE EAST: VARIABLE FREQUENCY DRIVE MARKET, BY END USER,
2020–2027 (USD MILLION)149
11.6.5BY COUNTRY149
TABLE 95MIDDLE EAST: VARIABLE FREQUENCY DRIVE MARKET, BY COUNTRY,
2020–2027 (USD MILLION)149
11.6.5.1SAUDI ARABIA149
11.6.5.1.1Rising investments in infrastructure development and power sector to fuel demand for variable frequency drives149
TABLE 96SAUDI ARABIA: VARIABLE FREQUENCY DRIVE MARKET, BY END USER, 2020–2027 (USD MILLION)150
11.6.5.2UAE150
11.6.5.2.1Developing manufacturing sector and HVAC infrastructure to increase demand for variable frequency drives150
TABLE 97UAE: VARIABLE FREQUENCY DRIVE MARKET, BY END USER,
2020–2027 (USD MILLION)151
11.6.5.3QATAR151
11.6.5.3.1Rising investments in development of power sector to drive demand for variable frequency drives151
TABLE 98QATAR: VARIABLE FREQUENCY DRIVE MARKET, BY END USER,
2020–2027 (USD MILLION)152
11.6.5.4OMAN152
11.6.5.4.1Healthy growth of oil & gas sector to drive market growth152
TABLE 99OMAN: VARIABLE FREQUENCY DRIVE MARKET, BY END USER,
2020–2027 (USD MILLION)152
11.6.5.5REST OF MIDDLE EAST153
TABLE 100REST OF MIDDLE EAST: VARIABLE FREQUENCY DRIVE MARKET,
BY END USER, 2020–2027 (USD MILLION)153
11.7AFRICA153
11.7.1BY TYPE154
TABLE 101AFRICA: VARIABLE FREQUENCY DRIVE MARKET, BY TYPE,
2020–2027 (USD MILLION)154
11.7.2BY VOLTAGE154
TABLE 102AFRICA: VARIABLE FREQUENCY DRIVE MARKET, BY VOLTAGE,
2020–2027 (USD MILLION)154
11.7.3BY POWER RATING154
TABLE 103AFRICA: VARIABLE FREQUENCY DRIVE MARKET, BY POWER RATING,
2020–2027 (USD MILLION)154
11.7.4BY APPLICATION155
TABLE 104AFRICA: VARIABLE FREQUENCY DRIVE MARKET, BY APPLICATION,
2020–2027 (USD MILLION)155
11.7.5BY END USER155
TABLE 105AFRICA: VARIABLE FREQUENCY DRIVE MARKET, BY END USER,
2020–2027 (USD MILLION)155
11.7.6BY COUNTRY155
TABLE 106AFRICA: VARIABLE FREQUENCY DRIVE MARKET, BY COUNTRY,
2020–2027 (USD MILLION)155
11.7.6.1EGYPT156
11.7.6.1.1Active upstream operations funded by international oil companies to fuel growth of variable frequency drive market156
TABLE 107EGYPT: VARIABLE FREQUENCY DRIVE MARKET, BY END USER,
2020–2027 (USD MILLION)156
11.7.6.2NIGERIA156
11.7.6.2.1Rise in exploration activities to boost market growth156
TABLE 108NIGERIA: VARIABLE FREQUENCY DRIVE MARKET, BY END USER,
2020–2027 (USD MILLION)157
11.7.6.3SOUTH AFRICA157
11.7.6.3.1Increasing investments in mining sector and oil & gas industry to fuel demand for variable frequency drives157
TABLE 109SOUTH AFRICA: VARIABLE FREQUENCY DRIVE MARKET, BY END USER, 2020–2027 (USD MILLION)158
11.7.6.4REST OF AFRICA158
TABLE 110REST OF AFRICA: VARIABLE FREQUENCY MARKET, BY END USER,
2020–2027 (USD MILLION)158
12COMPETITIVE LANDSCAPE159
12.1KEY PLAYERS STRATEGIES159
TABLE 111OVERVIEW OF KEY STRATEGIES ADOPTED BY TOP PLAYERS, 2018–2022159
12.2MARKET SHARE ANALYSIS OF TOP FIVE PLAYERS161
TABLE 112VARIABLE FREQUENCY DRIVE MARKET: DEGREE OF COMPETITION161
FIGURE 43VARIABLE FREQUENCY DRIVE MARKET SHARE ANALYSIS, 2021162
12.3REVENUE ANALYSIS OF TOP 5 MARKET PLAYERS163
FIGURE 44TOP PLAYERS IN VARIABLE FREQUENCY DRIVE MARKET FROM 2017 TO 2021163
12.4COMPANY EVALUATION QUADRANT164
12.4.1STAR164
12.4.2PERVASIVE164
12.4.3EMERGING LEADER164
12.4.4PARTICIPANT164
FIGURE 45VARIABLE FREQUENCY DRIVE MARKET (GLOBAL) COMPANY EVALUATION MATRIX, 2021165
12.5START-UP/SME EVALUATION QUADRANT, 2021166
12.5.1PROGRESSIVE COMPANY166
12.5.2RESPONSIVE COMPANY166
12.5.3DYNAMIC COMPANY166
12.5.4STARTING BLOCK166
FIGURE 46VARIABLE FREQUENCY DRIVE MARKET: START-UP/SME EVALUATION QUADRANT, 2021167
12.5.5COMPETITIVE BENCHMARKING168
TABLE 113VARIABLE FREQUENCY DRIVE MARKET: DETAILED LIST OF KEY STARTUPS/SMES168
TABLE 114VARIABLE FREQUENCY DRIVE MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES169
12.6VARIABLE FREQUENCY DRIVE MARKET: COMPANY FOOTPRINT170
TABLE 115POWER RATING: COMPANY FOOTPRINT170
TABLE 116TYPE: COMPANY FOOTPRINT171
TABLE 117APPLICATION: COMPANY FOOTPRINT172
TABLE 118REGION: COMPANY FOOTPRINT173
TABLE 119COMPANY FOOTPRINT174
12.7COMPETITIVE SCENARIO175
TABLE 120VARIABLE FREQUENCY DRIVE MARKET: PRODUCT LAUNCHES, JANUARY 2018– MARCH 2022175
TABLE 121VARIABLE FREQUENCY DRIVE MARKET: DEALS, JANUARY 2018–
MARCH 2022176
TABLE 122VARIABLE FREQUENCY DRIVE MARKET: OTHERS, JANUARY 2018–
MARCH 2022177
13COMPANY PROFILES178
(Business overview, Products/solutions/services offered, Recent Developments, MNM view)*
13.1KEY PLAYERS178
13.1.1ABB178
TABLE 123ABB: BUSINESS OVERVIEW178
FIGURE 47ABB: COMPANY SNAPSHOT, 2021179
TABLE 124ABB: PRODUCTS/SOLUTIONS/SERVICES OFFERED179
TABLE 125ABB: PRODUCT LAUNCHES181
TABLE 126ABB: DEALS182
TABLE 127ABB: OTHERS183
13.1.2SIEMENS185
TABLE 128SIEMENS: BUSINESS OVERVIEW185
FIGURE 48SIEMENS: COMPANY SNAPSHOT, 2021186
TABLE 129SIEMENS: PRODUCTS/SOLUTIONS/SERVICES OFFERED186
TABLE 130SIEMENS: PRODUCT LAUNCHES188
TABLE 131SIEMENS: DEALS189
TABLE 132SIEMENS: OTHERS189
13.1.3SCHNEIDER ELECTRIC191
TABLE 133SCHNEIDER ELECTRIC: BUSINESS OVERVIEW191
FIGURE 49SCHNEIDER ELECTRIC: COMPANY SNAPSHOT, 2021192
TABLE 134SCHNEIDER ELECTRIC: PRODUCTS/SOLUTIONS/SERVICES OFFERED192
TABLE 135SCHNEIDER ELECTRIC: PRODUCT LAUNCHES194
TABLE 136SCHNEIDER ELECTRIC: DEALS194
TABLE 137SCHNEIDER ELECTRIC: OTHERS195
13.1.4DANFOSS197
TABLE 138DANFOSS: COMPANY OVERVIEW197
FIGURE 50DANFOSS: COMPANY SNAPSHOT, 2021198
TABLE 139DANFOSS: PRODUCTS/SOLUTIONS/SERVICES OFFERED199
TABLE 140DANFOSS: PRODUCT LAUNCHES200
TABLE 141DANFOSS: DEALS200
TABLE 142DANFOSS: OTHERS200
13.1.5ROCKWELL AUTOMATION202
TABLE 143ROCKWELL AUTOMATION: BUSINESS OVERVIEW202
FIGURE 51ROCKWELL AUTOMATION: COMPANY SNAPSHOT, 2021203
TABLE 144ROCKWELL AUTOMATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED204
TABLE 145ROCKWELL AUTOMATION: PRODUCT LAUNCHES205
TABLE 146ROCKWELL AUTOMATION: DEALS205
13.1.6EATON207
TABLE 147EATON: BUSINESS OVERVIEW207
FIGURE 52EATON: COMPANY SNAPSHOT, 2021208
TABLE 148EATON: PRODUCTS/SOLUTIONS/SERVICES OFFERED209
TABLE 149EATON: PRODUCT LAUNCHES210
TABLE 150EATON: DEALS210
TABLE 151EATON: OTHERS210
13.1.7FUJI ELECTRIC211
TABLE 152FUJI ELECTRIC: COMPANY OVERVIEW211
FIGURE 53FUJI ELECTRIC: COMPANY SNAPSHOT, 2021212
TABLE 153FUJI ELECTRIC: PRODUCTS/SOLUTIONS/SERVICES OFFERED213
TABLE 154FUJI ELECTRIC: PRODUCT LAUNCHES214
TABLE 155FUJI ELECTRIC: DEALS214
TABLE 156FUJI ELECTRIC: OTHERS214
13.1.8HITACHI215
TABLE 157HITACHI: COMPANY OVERVIEW215
FIGURE 54HITACHI: COMPANY SNAPSHOT, 2021216
TABLE 158HITACHI: PRODUCTS/SOLUTIONS/SERVICES OFFERED217
13.1.9GENERAL ELECTRIC218
TABLE 159GENERAL ELECTRIC: COMPANY OVERVIEW218
FIGURE 55GENERAL ELECTRIC: COMPANY SNAPSHOT, 2021219
TABLE 160GENERAL ELECTRIC: PRODUCTS/SOLUTIONS/SERVICES OFFERED220
TABLE 161GENERAL ELECTRIC: DEALS220
TABLE 162GENERAL ELECTRIC: OTHERS221
13.1.10NIDEC222
TABLE 163NIDEC: COMPANY OVERVIEW222
FIGURE 56NIDEC: COMPANY SNAPSHOT, 2021223
TABLE 164NIDEC: PRODUCTS/SOLUTIONS/SERVICES OFFERED224
TABLE 165NIDEC: PRODUCT LAUNCHES224
TABLE 166NIDEC: OTHERS224
13.1.11WEG SA225
TABLE 167WEG SA: COMPANY OVERVIEW225
FIGURE 57WEG SA: COMPANY SNAPSHOT, 2021226
TABLE 168WEG SA: PRODUCTS/SOLUTIONS/SERVICES OFFERED226
TABLE 169WEG SA: PRODUCT LAUNCHES227
TABLE 170WEG SA: OTHERS227
13.1.12YASKAWA228
TABLE 171YASKAWA: COMPANY OVERVIEW228
FIGURE 58YASKAWA: COMPANY SNAPSHOT, 2020229
TABLE 172YASKAWA: PRODUCTS/SOLUTIONS/SERVICES OFFERED230
TABLE 173YASKAWA: PRODUCT LAUNCHES230
TABLE 174YASKAWA: DEALS230
13.1.13HONEYWELL INTERNATIONAL231
TABLE 175HONEYWELL INTERNATIONAL: COMPANY OVERVIEW231
FIGURE 59HONEYWELL INTERNATIONAL: COMPANY SNAPSHOT, 2021232
TABLE 176HONEYWELL INTERNATIONAL: PRODUCTS/SOLUTIONS/SERVICES OFFERED233
13.1.14CG POWER AND INDUSTRIAL SOLUTIONS LIMITED234
TABLE 177CG POWER AND INDUSTRIAL SOLUTIONS LIMITED: COMPANY OVERVIEW234
FIGURE 60CG POWER AND INDUSTRIAL SOLUTIONS LIMITED: COMPANY
SNAPSHOT, 2021235
TABLE 178CG POWER AND INDUSTRIAL SOLUTIONS LIMITED: PRODUCTS/SOLUTIONS/SERVICES OFFERED236
TABLE 179CG POWER AND INDUSTRIAL SOLUTIONS LIMITED: PRODUCT LAUNCHES237
13.1.15TMEIC238
TABLE 180TMEIC: COMPANY OVERVIEW238
TABLE 181TMEIC: PRODUCTS/SOLUTIONS/SERVICES OFFERED239
TABLE 182TMEIC: DEALS240
13.2OTHER PLAYERS241
13.2.1ANAHEIM AUTOMATION241
13.2.2SEW - EURODRIVE241
13.2.3DELTA ELECTRONICS242
13.2.4PARKER HANNIFIN242
13.2.5NORD DRIVE SYSTEMS243
13.2.6INOVANCE TECHNOLOGY243
13.2.7TECHSUPPEN244
13.2.8SHENZHEN GOZUK244
13.2.9SAKSUN INDUSTRIES244
13.2.10A.S. AUTOMATION & CONTROLS245
*Details on Business overview, Products/solutions/services offered, Recent Developments, MNM view might not be captured in case of unlisted companies.
14APPENDIX246
14.1INSIGHTS OF INDUSTRY EXPERTS246
14.2DISCUSSION GUIDE247
14.3KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL250
14.4AVAILABLE CUSTOMIZATIONS252
14.5RELATED REPORTS252
14.6AU

Report Title: Variable Frequency Drive Market by Type (AC, DC, Servo), Application (Pumps, Fans, Compressors, Conveyors), End User (Industrial, Infrastructure, Oil & Gas, Power), Power Rating (Micro, Low, Medium, High), Voltage and Region - Global Forecast to 2027


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