Variable Frequency Drive - Global Market Outlook (2017-2023)

Variable Frequency Drive - Global Market Outlook (2017-2023)

  • Published: July 2017
  • ID: SMRC16587

According to Stratistics MRC, the Global Variable Frequency Drive market is expected to grow from $18.68 billion in 2016 to reach $28.21 billion by 2023 with a CAGR of 6.0%.  Growing demand for energy efficiency, government regulations and rise in demand for industrialization and urbanization are some factors expected to witness lucrative growth. Conversely, declining investments in Greenfield will reflect the market strength during the forecast period. Moreover, the market has tremendous growth opportunity like growing prospect in industrial internet of things (IIoT) and replacement sector.

By power range, micro power drive segment commanded the largest market share due to their wide applications in extruders, compressors, fans and others. Asia Pacific is anticipated to dominate the global market attributed to extensive usage of VFS’s in infrastructural and industrial activities.

Some of the key players profiled in this market includes Hitachi, Ltd., Fuji Electric Co., Rockwell Automation, Mitsubishi Heavy Industries, Ltd., Schneider Electric SE, Yaskawa Electric Corp, WEG SA, Toshiba, Siemens AG, Crompton Greaves, ABB Ltd, Danfoss, Eaton Corporation Plc, Emerson Electric Co., and General Electric.

Voltages Covered:
• Low Voltage Variable Frequency Drives
• Medium Voltage Variable Frequency Drives

Applications Covered:
• Fans
• Extruders
• Compressors
• Pumps
• Conveyors
• HVAC
• Other Applications

End Users Covered:
• Industrial 
• Oil & Gas 
• Infrastructure
• Power Generation 
• Food Processing
• Automotive
• Mining & Metals
• Pulp & Papers
• Other End Users

Types Covered:
• Direct Current (DC) Variable Frequency Drives
• Servo Variable Frequency Drives
• Alternative Current (AC) Variable Frequency Drives

Power Ranges Covered:
• High Power Drives
• Medium Power Drives
• Low Power Drives
• Micro Power Drives

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o France
o Italy
o UK 
o Spain     
o Rest of Europe 
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o Rest of Asia Pacific
• Rest of the World
o Middle East
o Brazil
o Argentina
o South Africa
o Egypt

What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 7 years of all the mentioned segments, sub segments and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

1 Executive Summary     
       
2 Preface 
     
 2.1 Abstract     
 2.2 Stake Holders    
 2.3 Research Scope    
 2.4 Research Methodology   
  2.4.1 Data Mining   
  2.4.2 Data Analysis   
  2.4.3 Data Validation   
  2.4.4 Research Approach   
 2.5 Research Sources    
  2.5.1 Primary Research Sources  
  2.5.2 Secondary Research Sources  
  2.5.3 Assumptions   
       
3 Market Trend Analysis    
 3.1 Introduction    
 3.2 Drivers     
 3.3 Restraints    
 3.4 Opportunities    
 3.5 Threats     
 3.6 Application Analysis   
 3.7 End User Analysis    
 3.8 Emerging Markets    
 3.9 Futuristic Market Scenario   
       
4 Porters Five Force Analysis    
 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 Market, By Voltage 
 5.1 Introduction     
 5.2 Low Voltage Variable Frequency Drives   
 5.3 Medium Voltage Variable Frequency Drives 
       
6 Global Variable Frequency Drive Market, By Application 
 6.1 Introduction     
 6.2 Fans      
 6.3 Extruders     
 6.4 Compressors     
 6.5 Pumps      
 6.6 Conveyors     
 6.7 HVAC     
 6.8 Other Applications    
       
7 Global Variable Frequency Drive Market, By End User  
 7.1 Introduction     
 7.2 Industrial     
 7.3 Oil & Gas      
 7.4 Infrastructure    
 7.5 Power Generation     
 7.6 Food Processing    
 7.7 Automotive    
 7.8 Mining & Metals    
 7.9 Pulp & Papers    
 7.10 Other End Users    
       
8 Global Variable Frequency Drives Market, By Type   
 8.1 Introduction     
 8.2 Direct Current (DC) Variable Frequency Drives  
 8.3 Servo Variable Frequency Drives  
 8.4 Alternative Current (AC) Variable Frequency Drives 
       
9 Global Variable Frequency Drive Market, By Power Range 
 9.1 Introduction     
 9.2 High Power Drives    
 9.3 Medium Power Drives    
 9.4 Low Power Drives     
 9.5 Micro Power Drives     
       
10 Global Variable Frequency Drive Market, By Geography 
 10.1 North America    
  10.1.1 US    
  10.1.2 Canada    
  10.1.3 Mexico    
 10.2 Europe     
  10.2.1 Germany    
  10.2.2 France    
  10.2.3 Italy    
  10.2.4 UK    
  10.2.5 Spain    
  10.2.6 Rest of Europe   
 10.3 Asia Pacific    
  10.3.1 Japan    
  10.3.2 China    
  10.3.3 India    
  10.3.4 Australia    
  10.3.5 New Zealand   
  10.3.6 Rest of Asia Pacific   
 10.4 Rest of the World    
  10.4.1 Middle East   
  10.4.2 Brazil    
  10.4.3 Argentina   
  10.4.4 South Africa   
  10.4.5 Egypt    
       
11 Key Developments    
 
 11.1 Agreements, Partnerships, Collaborations and Joint Ventures
 11.2 Acquisitions & Mergers   
 11.3 New Product Launch   
 11.4 Expansions    
 11.5 Other Key Strategies   
       
12 Company Profiles     
 12.1 Hitachi, Ltd.    
 12.2 Mitsubishi Heavy Industries, Ltd.   
 12.3 Rockwell Automation    
 12.4 Schneider Electric SE    
 12.5 Yaskawa Electric Corp    
 12.6 WEG SA      
 12.7 Toshiba     
 12.8 Siemens AG     
 12.9 Crompton Greaves     
 12.10 ABB Ltd      
 12.11 Danfoss      
 12.12 Eaton Corporation Plc   
 12.13 Emerson Electric Co.    
 12.14 Fuji Electric Co.     
 12.15 General Electric     


List of Tables      
1 Global Variable Frequency Drive Market Analysis, By Region (2015-2023) ($MN)
2 Global Variable Frequency Drive Market Analysis, By Voltage (2015-2023) ($MN)
3 Global Variable Frequency Drive Market Analysis, By Low Voltage Variable Frequency Drives  (2015-2023) ($MN)
4 Global Variable Frequency Drive Market Analysis, By Medium Voltage Variable Frequency Drives (2015-2023) ($MN)
5 Global Variable Frequency Drive Market Analysis, By Application (2015-2023) ($MN)
6 Global Variable Frequency Drive Market Analysis, By Fans  (2015-2023) ($MN)
7 Global Variable Frequency Drive Market Analysis, By Extruders  (2015-2023) ($MN)
8 Global Variable Frequency Drive Market Analysis, By Compressors  (2015-2023) ($MN)
9 Global Variable Frequency Drive Market Analysis, By Pumps  (2015-2023) ($MN)
10 Global Variable Frequency Drive Market Analysis, By Conveyors  (2015-2023) ($MN)
11 Global Variable Frequency Drive Market Analysis, By HVAC (2015-2023) ($MN)
12 Global Variable Frequency Drive Market Analysis, By Other Applications (2015-2023) ($MN)
13 Global Variable Frequency Drive Market Analysis, By End User (2015-2023) ($MN)
14 Global Variable Frequency Drive Market Analysis, By Industrial  (2015-2023) ($MN)
15 Global Variable Frequency Drive Market Analysis, By Oil & Gas  (2015-2023) ($MN)
16 Global Variable Frequency Drive Market Analysis, By Infrastructure (2015-2023) ($MN)
17 Global Variable Frequency Drive Market Analysis, By Power Generation  (2015-2023) ($MN)
18 Global Variable Frequency Drive Market Analysis, By Food Processing (2015-2023) ($MN)
19 Global Variable Frequency Drive Market Analysis, By Automotive (2015-2023) ($MN)
20 Global Variable Frequency Drive Market Analysis, By Mining & Metals (2015-2023) ($MN)
21 Global Variable Frequency Drive Market Analysis, By Pulp & Papers (2015-2023) ($MN)
22 Global Variable Frequency Drive Market Analysis, By Other End Users (2015-2023) ($MN)
23 Global Variable Frequency Drive Market Analysis, By Type (2015-2023) ($MN)
24 Global Variable Frequency Drive Market Analysis, By Direct Current (DC) Variable Frequency Drives  (2015-2023) ($MN)
25 Global Variable Frequency Drive Market Analysis, By Servo Variable Frequency Drives (2015-2023) ($MN)
26 Global Variable Frequency Drive Market Analysis, By Alternative Current (AC) Variable Frequency Drives  (2015-2023) ($MN)
27 Global Variable Frequency Drive Market Analysis, By Power Range (2015-2023) ($MN)
28 Global Variable Frequency Drive Market Analysis, By High Power Drives (2015-2023) ($MN)
29 Global Variable Frequency Drive Market Analysis, By Medium Power Drives  (2015-2023) ($MN)
30 Global Variable Frequency Drive Market Analysis, By Low Power Drives  (2015-2023) ($MN)
31 Global Variable Frequency Drive Market Analysis, By Micro Power Drives  (2015-2023) ($MN)
       

Note: Tables for North America, Europe, APAC and RoW Regions are also represented in the same manner as above

1. What do I do if I have a query on this report?
In case of any queries regarding this report, you can contact the customer service by filing the “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929
2. Is the sample available for this report? Can I request the sample with my specific requirements?
Yes, the samples are available for all the published reports. You can request them by filling the “Request Sample” option available in this page.
Yes, you can request a sample with your specific requirements. All the customized samples will be provided as per the requirement with the real data masked.
3. Format of the report?
All our reports are available in Digital PDF format. In case if you require them in any other formats, such as PPT, Excel etc you can submit a request through “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929
4. Services prior to purchase and after purchase?
We offer a free 15% customization with every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.
5. License Type and Delivery?
We have 3 different licensing options available in electronic format.
  • Single User Licence: Allows one person, typically the buyer, to have access to the ordered product. The ordered product cannot be distributed to anyone else.
  • 2-5 User Licence: Allows the ordered product to be shared among a maximum of 5 people within your organisation.
  • Corporate License: Allows the product to be shared among all employees of your organisation regardless of their geographical location.
All our reports are typically be emailed to you as an attachment
6. Purchase procedure and Invoicing?
To order any available report you need to register on our website. The payment can be made either through CCAvenue or PayPal payments gateways which accept all international cards
7. Post sale support?
We extend our support to 6 months post sale. A post sale customization is also provided to cover your unmet needs in the report.

We provide a free 15% customization on every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.

Note: This customization is absolutely free until it falls under the 15% bracket. If your requirement exceeds this a feasibility check will be performed. Post that, a quote will be provided along with the timelines.

Select License Type

Single User License (PDF)

 

2 - 5 User License (PDF)

 

Site License (PDF)

 

Corporate License (PDF)

 

Have a Question?


Know our Methodology

WHY CHOOSE US ?

Assured Quality

Best in class reports with high standard of research integrity

24X7 Research Support

Continuous support to ensure the best customer experience.

Free Customization

Adding more values to your product of interest.

Safe & Secure Access

Providing a secured environment for all online transactions.

Trusted by 600+ Brands

Serving the most reputed brands across the world.

Testimonials