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Variable Frequency Drives Market

Variable Frequency Drives - Global Market Outlook (2019-2027)

4.1 (89 reviews)
Published: June 2020 ID: SMRC19426
4.1 (89 reviews)
Published: June 2020 ID: SMRC19426

This report covers the impact of COVID-19 on this global market

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

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.

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