Variable Frequency Drives Market
Variable Frequency Drives - Global Market Outlook (2019-2027)
According to Stratistics MRC, the Global Variable Frequency Drives Market is accounted for $22.37 billion in 2019 and is expected to reach $41.10 billion by 2027 growing at a CAGR of 7.9% during the forecast period. Increase in technological advancements and rising rate of urbanization and industrialization are the major factors driving the market growth. However, stagnant growth of the oil & gas industry is restraining the market growth.
Variable frequency drive, otherwise called as adjustable frequency drive, is utilized in an electromechanical drive system so as to control torque and AC motor speed by changing input voltage and frequency. It is a type of motor controller that drives electric motor. It changes the frequency in order to change the speed of the motor, which is measured in rotation per minute (RPM) as frequency is directly related to the RPM. It consists of controlling circuit, rectifiers, inverters, and intermediate DC link. They are designed in various types with DC-AC and AC-AC topologies, with medium voltage or low voltage. According to the application, a suitable type of variable frequency drive is selected.
Based on type, the AC drives segment is likely to have a huge demand as it provides more advantages such as increased energy savings and reduced levels of noise and vibrations. They are principally utilized for variable torque application in industries such as oil & gas, mining, etc. By geography, Asia Pacific is going to have a lucrative growth during the forecast period due to increasing demand for energy optimization, supportive government regulations and policies, and rising focus on developing the manufacturing sector.
Some of the key players profiled in the Variable Frequency Drives Market include ABB, Crompton Greaves, Danfoss, Eaton, Fuji, Hitachi, NIDEC, Rockwell, Schneider Electric, Siemens, TMEIC, WEG SA and Yaskawa.
Voltages Covered:
• Medium Voltage (> 690 V)
• Low Voltage (Up to 690 V)
Types Covered:
• Servo Drives
• DC Drives
• AC Drives
Power Ranges Covered:
• High Power Drives
• Low Power Drives
• Medium Power Drives
• Micro Power Drives
Technologies Covered:
• Regenerative
• Standard
Applications Covered:
• Compressor
• Conveyors
• Fans
• Heating, Ventilation, and Air Conditioning (HVAC)
• Pumps
• Other Applications
End Users Covered:
• Agriculture
• Automotive
• Chemical Processing
• Energy and Power
• Food & Beverages
• Industrial
• Infrastructure
• Mining & Metals
• Oil & Gas
• Power Generation
• Pulp & Paper
• Water and Wastewater Treatment
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2018, 2019, 2020, 2024 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter’s five forces analysis, SWOT analysis, etc.
- 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
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
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 Technology Analysis
3.7 Application Analysis
3.8 End User Analysis
3.9 Emerging Markets
3.10 Impact of Covid-19
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 Drives Market, By Voltage
5.1 Introduction
5.2 Medium Voltage (> 690 V)
5.3 Low Voltage (Up to 690 V)
6 Global Variable Frequency Drives Market, By Type
6.1 Introduction
6.2 Servo Drives
6.3 DC Drives
6.4 AC Drives
7 Global Variable Frequency Drives Market, By Power Range
7.1 Introduction
7.2 High Power Drives
7.3 Low Power Drives
7.4 Medium Power Drives
7.5 Micro Power Drives
8 Global Variable Frequency Drives Market, By Technology
8.1 Introduction
8.2 Regenerative
8.3 Standard
9 Global Variable Frequency Drives Market, By Application
9.1 Introduction
9.2 Compressor
9.3 Conveyors
9.4 Fans
9.5 Heating, Ventilation, and Air Conditioning (HVAC)
9.6 Pumps
9.7 Other Applications
9.7.1 Cranes & Hoists
9.7.2 Crushers
9.7.3 Elevators & Escalators
9.7.4 Extruders
9.7.5 Mills
9.7.6 Mixers
10 Global Variable Frequency Drives Market, By End User
10.1 Introduction
10.2 Agriculture
10.3 Automotive
10.4 Chemical Processing
10.5 Energy and Power
10.6 Food & Beverages
10.7 Industrial
10.8 Infrastructure
10.9 Mining & Metals
10.10 Oil & Gas
10.11 Power Generation
10.12 Pulp & Paper
10.13 Water and Wastewater Treatment
11 Global Variable Frequency Drives Market, By Geography
11.1 Introduction
11.2 North America
11.2.1 US
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 UK
11.3.3 Italy
11.3.4 France
11.3.5 Spain
11.3.6 Rest of Europe
11.4 Asia Pacific
11.4.1 Japan
11.4.2 China
11.4.3 India
11.4.4 Australia
11.4.5 New Zealand
11.4.6 South Korea
11.4.7 Rest of Asia Pacific
11.5 South America
11.5.1 Argentina
11.5.2 Brazil
11.5.3 Chile
11.5.4 Rest of South America
11.6 Middle East & Africa
11.6.1 Saudi Arabia
11.6.2 UAE
11.6.3 Qatar
11.6.4 South Africa
11.6.5 Rest of Middle East & Africa
12 Key Developments
12.1 Agreements, Partnerships, Collaborations and Joint Ventures
12.2 Acquisitions & Mergers
12.3 New Product Launch
12.4 Expansions
12.5 Other Key Strategies
13 Company Profiling
13.1 ABB
13.2 Crompton Greaves
13.3 Danfoss
13.4 Eaton
13.5 Fuji
13.6 Hitachi
13.7 NIDEC
13.8 Rockwell
13.9 Schneider Electric
13.10 Siemens
13.11 TMEIC
13.12 WEG SA
13.13 Yaskawa
List of Tables
1 Global Variable Frequency Drives Market Outlook, By Region (2018-2027) ($MN)
2 Global Variable Frequency Drives Market Outlook, By Voltage (2018-2027) ($MN)
3 Global Variable Frequency Drives Market Outlook, By Medium Voltage (> 690 V) (2018-2027) ($MN)
4 Global Variable Frequency Drives Market Outlook, By Low Voltage (Up to 690 V) (2018-2027) ($MN)
5 Global Variable Frequency Drives Market Outlook, By Type (2018-2027) ($MN)
6 Global Variable Frequency Drives Market Outlook, By Servo Drives (2018-2027) ($MN)
7 Global Variable Frequency Drives Market Outlook, By DC Drives (2018-2027) ($MN)
8 Global Variable Frequency Drives Market Outlook, By AC Drives (2018-2027) ($MN)
9 Global Variable Frequency Drives Market Outlook, By Power Range (2018-2027) ($MN)
10 Global Variable Frequency Drives Market Outlook, By High Power Drives (2018-2027) ($MN)
11 Global Variable Frequency Drives Market Outlook, By Low Power Drives (2018-2027) ($MN)
12 Global Variable Frequency Drives Market Outlook, By Medium Power Drives (2018-2027) ($MN)
13 Global Variable Frequency Drives Market Outlook, By Micro Power Drives (2018-2027) ($MN)
14 Global Variable Frequency Drives Market Outlook, By Technology (2018-2027) ($MN)
15 Global Variable Frequency Drives Market Outlook, By Regenerative (2018-2027) ($MN)
16 Global Variable Frequency Drives Market Outlook, By Standard (2018-2027) ($MN)
17 Global Variable Frequency Drives Market Outlook, By Application (2018-2027) ($MN)
18 Global Variable Frequency Drives Market Outlook, By Compressor (2018-2027) ($MN)
19 Global Variable Frequency Drives Market Outlook, By Conveyors (2018-2027) ($MN)
20 Global Variable Frequency Drives Market Outlook, By Fans (2018-2027) ($MN)
21 Global Variable Frequency Drives Market Outlook, By Heating, Ventilation, and Air Conditioning (HVAC) (2018-2027) ($MN)
22 Global Variable Frequency Drives Market Outlook, By Pumps (2018-2027) ($MN)
23 Global Variable Frequency Drives Market Outlook, By Other Applications (2018-2027) ($MN)
24 Global Variable Frequency Drives Market Outlook, By Cranes & Hoists (2018-2027) ($MN)
25 Global Variable Frequency Drives Market Outlook, By Crushers (2018-2027) ($MN)
26 Global Variable Frequency Drives Market Outlook, By Elevators & Escalators (2018-2027) ($MN)
27 Global Variable Frequency Drives Market Outlook, By Extruders (2018-2027) ($MN)
28 Global Variable Frequency Drives Market Outlook, By Mills (2018-2027) ($MN)
29 Global Variable Frequency Drives Market Outlook, By Mixers (2018-2027) ($MN)
30 Global Variable Frequency Drives Market Outlook, By End User (2018-2027) ($MN)
31 Global Variable Frequency Drives Market Outlook, By Agriculture (2018-2027) ($MN)
32 Global Variable Frequency Drives Market Outlook, By Automotive (2018-2027) ($MN)
33 Global Variable Frequency Drives Market Outlook, By Chemical Processing (2018-2027) ($MN)
34 Global Variable Frequency Drives Market Outlook, By Energy and Power (2018-2027) ($MN)
35 Global Variable Frequency Drives Market Outlook, By Food & Beverages (2018-2027) ($MN)
36 Global Variable Frequency Drives Market Outlook, By Industrial (2018-2027) ($MN)
37 Global Variable Frequency Drives Market Outlook, By Infrastructure (2018-2027) ($MN)
38 Global Variable Frequency Drives Market Outlook, By Mining & Metals (2018-2027) ($MN)
39 Global Variable Frequency Drives Market Outlook, By Oil & Gas (2018-2027) ($MN)
40 Global Variable Frequency Drives Market Outlook, By Power Generation (2018-2027) ($MN)
41 Global Variable Frequency Drives Market Outlook, By Pulp & Paper (2018-2027) ($MN)
42 Global Variable Frequency Drives Market Outlook, By Water and Wastewater Treatment (2018-2027) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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