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Published Date: 2015-03-02Number of Pages: 137

Variable Frequency Drives Market (Type - AC, DC, and Servo; Voltage - Low Voltage and Medium Voltage; End-use Applications - Manufacturing, Chemical Processing, Infrastructure Development, Oil and Gas, Automotive, and Power Generation) - Global Industry Analysis, Size, Share, Growth Trends, and Forecast 2014 - 2020

Global Variable Frequency Drives Market: Snapshot 

As the world strives for a sustainable future, greater investments are being made in the development of energy efficient systems that minimize energy consumption. Governments worldwide are promoting the effective deployment of reliable and efficient systems that address the snowballing demand for energy. This is acting as the primary stimulant for the growth of the global variable frequency drives market. The rising urbanization and industrialization, especially in emerging economies, are also stoking the growth of the market. 

According to a report by Transparency Market Research (TMR), the global variable frequency drives market is poised to reach a valuation of US$24.7 bn by 2020, rising at a CAGR of 7.0% from 2014 to 2020. TMR analysts estimate that the high implementation costs of these drives are creating a dent in their demand worldwide. 

Low Voltage Variable Frequency Drives to Maintain Leadership through 2020 

On the basis of voltage, the report divides the global variable frequency drives market into low voltage and medium voltage. The demand for low voltage drives is expected to remain higher throughout the forecast period, owing to their compact size and ease of operation. Moreover, these drives are cheaper than their counterparts. Low voltage variable frequency drives find applications in various industries such as petrochemicals, manufacturing, utilities, metal and mining, and infrastructure. 

Based on type, the market is classified into AC, DC, and servo. AC is estimated to account for a large share in the global arena in terms of demand, due to its low maintenance cost and high efficiency. The DC segment will also witness noteworthy growth during the forecast period owing to its low complexity and cost and high acceleration and costs. However, the servo segment is anticipated to surpass both the segments in terms of volume over the same period. 

By end-use applications, the global variable frequency drives market is categorized into manufacturing, infrastructure development, automotive, oil and gas, chemical processing, and power generation. The oil and gas industry will be a major consumer of variable frequency drives during the review period. The growth of the segment can be attributed to the increasing exploration activities and rising production of unconventional resources worldwide. The infrastructure development segment will exhibit a remarkable CAGR during the forecast period, owing to the rapid growth in the infrastructure, especially in emerging countries. 

Asia Pacific to Remain Frontrunner Owing to Rapid Infrastructure Development 

Geographically, Asia Pacific will continue to account for the lion’s share in the global market for variable frequency drives market. The growing investments in the infrastructure development along with the soaring demand for power due to the increasing population are fuelling the growth of the region. The flourishing growth of the chemical and processing industry is also bolstering the demand for variable frequency drives in APAC. 

The Middle East and Africa market holds immense potential, which is likely to attract market participants to invest in the region. Aggressive investments in the manufacturing and industrial sectors towards the deployment of sustainable systems that will enable energy savings at low costs of maintenance are supplementing the growth of the region. Besides this, the robust growth of the construction sector is allowing the variable frequency drives market to gain traction. 

The recovery of end-user industries from the economic downturn is likely to bode well for the market in Europe and North America. Some of the key companies operating in the global variable frequency drives market are Siemens AG, ABB Ltd., Crompton Greaves Ltd., Schneider Electric Industries S.A.S., Eaton Corporation, Danfoss VLT Drives, Fuji Electric Co. Ltd., Emerson Industrial Automation, Mitsubishi Electric Corporation and Vacon PLC.

 

Chapter 1 Preface

1.1 Report Description

1.2 Research Scope

1.3 Market Segmentation

1.4 Research Methodology

 

Chapter 2 Executive Summary

 

Chapter 3 Variable Frequency Drives Market – Industry Analysis

3.1 Introduction

3.2 Market Drivers

      3.2.1 Increasing need for reducing energy consumption impacting demand for variable frequency drives

      3.2.2 Reliable functioning of motor is crucial for continuous operation

      3.2.3 Increasing use of induction motors in wide range of applications is driving VFD

3.3 Market Restraints

      3.3.1 Adverse impact of implementation costs in emerging economies

3.4 Market Opportunities

      3.4.1 Legislative directives for efficient motors

3.5 Value Chain Analysis

3.6 Porters Five Forces Analysis

      3.6.1 Bargaining power of supplier

      3.6.2 Bargaining power of buyers

      3.6.3 Threat from substitutes

      3.6.4 Threat of new entrants

      3.6.5 Degree of competition

 

Chapter 4 Variable Frequency Drive (VFD) Market: Voltage Range Segment Analysis

4.1 Global Variable Frequency Drive (VFD) Market: Voltage Range Overview

      4.1.1 Global Variable Frequency Drive (VFD) Market, revenue share by voltage range segment, 2013 and 2020

4.2 Low Voltage

      4.2.1 Global Low Voltage Variable Frequency Drives (VFD) consumption estimates and forecast, 2013 – 2020 (000’ Units) (USD Million) 

      4.2.2 Global Low Voltage Variable Frequency Drive (VFD) market estimates and forecast, by region, 2012 – 2020 (000’ Units) (USD Million) 

4.3 Medium Voltage

      4.3.1 Global Medium Voltage Variable Frequency Drive (VFD) consumption estimates and forecast, 2013 – 2020 (000’ Units) (USD Million) 

      4.3.2 Global Medium Voltage Variable Frequency Drive (VFD) market estimates and forecast, by region, 2012 – 2020 (000’ Units) (USD Million) 

 

Chapter 5 Variable Frequency Drive (VFD) Market: Type Analysis

5.1 Global Variable Frequency Drive (VFD) Market: Type overview

      5.1.1 Global Variable Frequency Drive (VFD) market, revenue share by type, 2013 and 2020

5.2 AC Variable Frequency Drives

      5.2.1 Global AC Variable Frequency Drive (VFD) consumption estimates and forecast, 2013 – 2020 (USD Million) 

      5.2.2 Global AC Variable Frequency Drive (VFD) market estimates and forecast, by region, 2013 – 2020 (USD Million) 

5.3 DC Variable Frequency Drives

      5.3.1 Global DC Variable Frequency Drive (VFD) consumption estimates and forecast, 2013 – 2020 (USD Million) 

      5.3.2 Global DC Variable Frequency Drive (VFD) market estimates and forecast, by region, 2013 – 2020 (USD Million) 

5.4 Servo Variable Frequency Drives

      5.4.1 Global Servo Variable Frequency Drive (VFD) consumption estimates and forecast, 2013 – 2020 (USD Million) 

      5.4.2 Global Servo Variable Frequency Drive (VFD) market estimates and forecast, by region, 2013 – 2020 (USD Million) 

 

Chapter 6 Variable Frequency Drive (VFD) Market: End User Segment Analysis

6.1 Global Variable Frequency Drive (VFD) Market: End User overview

      6.1.1 Global Variable Frequency Drive (VFD) market, revenue share by end-user, 2013 and 2020

      6.1.2 Global Variable Frequency Drive (VFD) consumption baseline and forecast, by end-user, 2013 and  2020 (USD Million) 

6.2 Manufacturing

      6.2.1 Global Manufacturing Sector Variable Frequency Drive (VFD) consumption estimates and forecast, 2013 – 2020 (USD Million) 

      6.2.2 Global Manufacturing Sector Variable Frequency Drive (VFD) market estimates and forecast, by region, 2012 – 2020 (USD Million) 

6.3 Chemical Processing

      6.3.1 Global Chemical Processing Sector Variable Frequency Drive (VFD) consumption estimates and forecast, 2013 – 2020 (USD Million) 

      6.3.2 Global Chemical Processing Sector Variable Frequency Drive (VFD) market estimates and forecast, by region, 2012 – 2020 (USD Million) 

6.4 Infrastructure Development

      6.4.1 Global Infrastructure Development Sector Variable Frequency Drive (VFD) consumption estimates and forecast, 2013 – 2020 (USD Million) 

      6.4.2 Global Infrastructure Development Sector Variable Frequency Drive (VFD) market estimates and forecast, by region, 2012 – 2020 (USD Million) 

6.5 Oil and Gas

      6.5.1 Global Oil and Gas Sector Variable Frequency Drive (VFD) consumption estimates and forecast, 2013 – 2020 (USD Million) 

      6.5.2 Global Oil and Gas Sector Variable Frequency Drive (VFD) market estimates and forecast, by region, 2012 – 2020 (USD Million) 

6.6 Automotive

      6.6.1 Global Automotive Sector Variable Frequency Drive (VFD) consumption estimates and forecast, 2013 – 2020 (USD Million) 

      6.6.2 Global Automotive Sector Variable Frequency Drive (VFD) market estimates and forecast, by region, 2012 – 2020 (USD Million) 

6.7 Power Generation

      6.7.1 Global Power Generation Sector Variable Frequency Drive (VFD) consumption estimates and forecast, 2013 – 2020 (USD Million) 

      6.7.2 Global Power Generation Sector Variable Frequency Drive (VFD) market estimates and forecast, by region, 2012 – 2020 (USD Million) 

6.8 Others

      6.8.1 Global Others Sector Variable Frequency Drive (VFD) consumption estimates and forecast, 2013 – 2020 (USD Million) 

      6.8.2 Global Others Sector Variable Frequency Drive (VFD) market estimates and forecast, by region, 2012 – 2020 (USD Million) 

 

Chapter 7 Variable Frequency Drives (VFD) Market: Regional Analysi

7.1 Global Variable Frequency Drives (VFD) market: Regional overview

      7.1.1 Global Variable Frequency Drives (VFD) market, volume share by region, 2013 and 2020

7.2 Americas

      7.2.1 Americas Variable Frequency Drives (VFD) market estimates and forecast, 2013 – 2020 (thousand Units) (USD Million) 

      7.2.2 North America

              7.2.2.1 North America Variable Frequency Drives (VFD) market estimates and forecast, 2013 – 2020 (thousand Units) (USD Million) 

              7.2.2.2 North America Variable Frequency Drives (VFD) market estimate and forecast, by voltage range, 2012 – 2020, (thousand Units) (USD Million) 

              7.2.2.3 North America Variable Frequency Drives (VFD) market estimate and forecast, by end user, 2012 – 2020, (USD Million) 

              7.2.2.4 North America Variable Frequency Drives (VFD) market estimate and forecast, by type, 2012 – 2020, (USD Million) 

      7.2.3 South America

              7.2.3.1 South America Variable Frequency Drives (VFD) market estimates and forecast, 2013 – 2020 (thousand Units) (USD Million) 

              7.2.3.2 South America Variable Frequency Drives (VFD) market estimate and forecast, by voltage range, 2012 – 2020, (thousand Units) (USD Million) 

              7.2.3.3 South America Variable Frequency Drives (VFD) market estimate and forecast, by end user, 2012 – 2020, (USD Million)

              7.2.3.4 South America Variable Frequency Drives (VFD) market estimate and forecast, by type, 2012 – 2020, (USD Million) 

      7.2.4 Americas Variable Frequency Drives (VFD) market estimate and forecast, by voltage range, 2013 – 2020, (thousand Units) (USD Million) 

      7.2.5 Americas Variable Frequency Drives (VFD) market estimate and forecast, by end user, 2012 – 2020, (USD Million) 

      7.2.6 Americas Variable Frequency Drives (VFD) market estimate and forecast, by type, 2012 – 2020, (USD Million) 

7.3 Europe

      7.3.1 Europe Variable Frequency Drives (VFD) market estimates and forecast, 2013 – 2020 (thousand Units) (USD Million) 

      7.3.2 Europe Variable Frequency Drives (VFD) market estimate and forecast, by voltage range, 2013 – 2020, (thousand Units) (USD Million) 

      7.3.3 Europe Variable Frequency Drives (VFD) market estimate and forecast, by end user, 2012 – 2020, (USD Million) 

      7.3.4 Europe Variable Frequency Drives (VFD) market estimate and forecast, by type, 2012 – 2020, (USD Million) 

7.4 Asia Pacific

      7.4.1 Asia Pacific Variable Frequency Drives (VFD) market estimates and forecast, 2013 – 2020 (thousand Units) (USD Million) 

      7.4.2 China

              7.4.2.1 China Variable Frequency Drives (VFD) market estimates and forecast, 2013 – 2020 (thousand Units) (USD Million) 

              7.4.2.2 China Variable Frequency Drives (VFD) market estimate and forecast, by voltage range, 2012 – 2020, (thousand Units) (USD Million) 

              7.4.2.3 China Variable Frequency Drives (VFD) market estimate and forecast, by end user, 2012 – 2020, (USD Million) 

              7.4.2.4 China Variable Frequency Drives (VFD) market estimate and forecast, by type, 2012 – 2020, (USD Million) 

      7.4.3 Rest of Asia Pacific

              7.4.3.1 Rest of Asia Pacific Variable Frequency Drives (VFD) market estimates and forecast, 2013 – 2020 (thousand Units) (USD Million) 

              7.4.3.2 Rest of Asia Pacific Variable Frequency Drives (VFD) market estimate and forecast, by voltage range, 2012 – 2020, (thousand Units) (USD Million) 

              7.4.3.3 Rest of Asia Pacific Variable Frequency Drives (VFD) market estimate and forecast, by end user, 2012 – 2020, (USD Million) 

              7.4.3.4 Rest of Asia Pacific Variable Frequency Drives (VFD) market estimate and forecast, by type, 2012 – 2020, (USD Million) 

      7.4.4 Asia Pacific Variable Frequency Drives (VFD) market estimate and forecast, by voltage range, 2013 – 2020, (thousand Units) (USD Million) 

      7.4.5 Asia Pacific Variable Frequency Drives (VFD) market estimate and forecast, by end user, 2012 – 2020, (USD Million) 

      7.4.6 Asia Pacific Variable Frequency Drives (VFD) market estimate and forecast, by type, 2012 – 2020, (USD Million) 

7.5 Middle East & Africa

      7.5.1 Middle East & Africa Variable Frequency Drives (VFD) market estimates and forecast, 2013 – 2020 (thousand Units) (USD Million) 

      7.5.2 Middle East & Africa Variable Frequency Drives (VFD) market estimate and forecast, by voltage range, 2013 – 2020, (thousand Units) (USD Million) 

      7.5.3 Middle East & Africa Variable Frequency Drives (VFD) market estimate and forecast, by end user, 2012 – 2020, (USD Million) 

      7.5.4 Middle East & Africa Variable Frequency Drives (VFD) market estimate and forecast, by type, 2012 – 2020, (USD Million) 

 

Chapter 8 Company Profiles – Variable Frequency Drives

8.1 ABB Ltd

      8.1.1 Company overview

      8.1.2 Product Portfolio

      8.1.3 Financial overview

      8.1.4 Business strategy

      8.1.5 Recent developments

8.2 Crompton Greaves

      8.2.1 Company Overview

      8.2.2 Financial Overview

      8.2.3 Product Portfolio

      8.2.4 Business Strategy

      8.2.5 Recent Developments

8.3 Danfoss VLT

      8.3.1 Company Overview

      8.3.2 Financial Overview

      8.3.3 Product Portfolio

      8.3.4 Business Strategy

      8.3.5 Recent Developments

8.4 Eaton Corporation Plc

      8.4.1 Company Overview

      8.4.2 Financial Overview

      8.4.3 Product Portfolio

      8.4.4 Business Strategy

      8.4.5 Recent Developments

8.5 Emerson Industrial Automation

      8.5.1 Company Overview

      8.5.2 Financial Overview

      8.5.3 Product Portfolio

      8.5.4 Business Strategy

      8.5.5 Recent Developments

8.6 Fuji Electric Co., Ltd

      8.6.1 Company Overview

      8.6.2 Financial Overview

      8.6.3 Product Portfolio

      8.6.4 Business Strategy

      8.6.5 Recent Developments

8.7 Mitsubishi Electric Corporation

      8.7.1 Company Overview

      8.7.2 Financial Overview

      8.7.3 Product Portfolio

      8.7.4 Business Strategy

      8.7.5 Recent Developments

8.8 Schneider Electric

      8.8.1 Company Overview

      8.8.2 Financial Overview

      8.8.3 Product Portfolio

      8.8.4 Business Strategy

      8.8.5 Recent Developments

8.9 Siemens AG

      8.9.1 Company Overview

      8.9.2 Product Portfolio

      8.9.3 Financial Overview

      8.9.4 Business Strategy

      8.9.5 Recent Developments

8.10 Vacon PLC

      8.10.1 Company Overview

      8.10.2 Financial Overview

      8.10.3 Product Portfolio

      8.10.4 Business Strategy

      8.10.5 Recent Developments

List of Figures 

 

FIG. 1 Variable Frequency Drive (VFD): Market segmentation 

FIG. 2 Global Variable Frequency Drive (VFD) market volume and revenue, 2013 - 2020 (000’ Units) (USD Million) 

FIG. 3 Value chain analysis of Variable Frequency Drive (VFD) market 

FIG. 4 Starting current withdrawal – With and Without VFD 

FIG. 5 Legislative targets for motor efficiency levels 

FIG. 6 Porter’s five forces analysis: Variable Frequency Drive (VFD) Market 

FIG. 7 Company market share of Variable Frequency Drive (VFD) market, 2013 

FIG. 8 Market attractiveness analysis of Variable Frequency Drive (VFD) market, by region, 2013 33

FIG. 9 Global Variable Frequency Drive (VFD) Market, revenue share by voltage range, 2013 and 2020 

FIG. 10 Global Low Voltage Variable Frequency Drives (VFD) consumption volume and revenue, 2013 – 2020 (000’ units) (USD Billion) 

FIG. 11 Global Medium Voltage Variable Frequency Drive (VFD) consumption volume and revenue, 2013 – 2020 (000’ Units) (USD Million) 

FIG. 12 Global Variable Frequency Drive (VFD) market, revenue share by end-user, 2013 and 2020 39

FIG. 13 Global Manufacturing Sector Variable Frequency Drive (VFD) consumption market volume and revenue, 2013 - 2020 (USD Million) 

FIG. 14 Global Chemical Processing Sector Variable Frequency Drive (VFD) consumption market volume and revenue, 2013 - 2020 (USD Million) 

FIG. 15 Global Infrastructure Development Sector Variable Frequency Drive (VFD) consumption market volume and revenue, 2013 - 2020 (USD Million) 

FIG. 16 Global Oil and Gas Sector Variable Frequency Drive (VFD) consumption market volume and revenue, 2013 - 2020 (USD Million) 

FIG. 17 Global Automotive Sector Variable Frequency Drive (VFD) consumption market volume and revenue, 2013 - 2020 (USD Million) 

FIG. 18 Global Power Generation Sector Variable Frequency Drive (VFD) consumption market volume and revenue, 2013 - 2020 (USD Million) 

FIG. 19 Global Others Sector Variable Frequency Drive (VFD) consumption market volume and revenue, 2013 - 2020 (USD Million) 

FIG. 20 Global Variable Frequency Drive (VFD) market, revenue share by type, 2013 and 2020 

FIG. 21 Global AC Variable Frequency Drive (VFD) consumption market volume and revenue, 2013 - 2020 (USD Million) 

FIG. 22 Global DC Variable Frequency Drive (VFD) consumption market volume and revenue, 2013 - 2020 (USD Million) 

FIG. 23 Global Servo Variable Frequency Drive (VFD) consumption market volume and revenue, 2013 - 2020 (USD Million) 

FIG. 24 Global Variable Frequency Drives (VFD) market, volume share by region, 2013 and 2020 61

FIG. 25 Americas Variable Frequency Drives (VFD) market revenue, 2013 – 2020  (000’ Units) (USD Million) 

FIG. 26 North America Variable Frequency Drives (VFD) market revenue, 2013 – 2020  (000’ Units) (USD Million) 

FIG. 27 South America Variable Frequency Drives (VFD) market revenue, 2013 – 2020  (000’ Units) (USD Million) 

FIG. 28 Europe Variable Frequency Drives (VFD) market revenue, 2013 – 2020  (000’ Units) (USD Million) 

FIG. 29 Asia Pacific Variable Frequency Drives (VFD) market revenue, 2013 – 2020  (000’ Units) (USD Million) 

FIG. 30 China Variable Frequency Drives (VFD) market revenue, 2013 – 2020  (000’ Units) (USD Million) 

FIG. 31 Rest of Asia Pacific Variable Frequency Drives (VFD) market revenue, 2013 – 2020  (000’ Units) (USD Million) 

FIG. 32 Middle East & Africa Variable Frequency Drives (VFD) market revenue, 2013 – 2020  (000’ Units) (USD Million)

List of Tables

 

Table 1 Global Variable Frequency Drive (VFD) Market: Snapshot 

Table 2 Drivers of Variable Frequency Drive (VFD) Market: Impact Analysis 

Table 3 Energy and Cost savings in a dairy project of VFD implementation 

Table 4 Energy and Cost savings in a dairy project of VFD implementation 

Table 5 Restraints of Variable Frequency Drive (VFD) Market: Impact Analysis 

Table 6 Opportunities of Variable Frequency Drive (VFD) Market: Impact Analysis 

Table 7 Global Low Voltage Variable Frequency Drive (VFD) market revenue and forecast, by regional segment, 2012 – 2020 (USD Million) 

Table 8 Global Low Voltage Variable Frequency Drive (VFD) market volume and forecast, by regional segment, 2012 – 2020 (000’ Units) 

Table 9 Global Medium Voltage Variable Frequency Drive (VFD) market revenue and forecast, by regional segment, 2012 – 2020 (USD Million) 

Table 10 Global Low Voltage Variable Frequency Drive (VFD) market volume and forecast, by regional segment, 2012 – 2020 (000’ Units) 

Table 11 Global Manufacturing Sector Variable Frequency Drive (VFD) market revenue and forecast, by regional segment, 2012 – 2020 (USD Million) 

Table 12 Global Chemical Processing Sector Variable Frequency Drive (VFD) market revenue and forecast, by regional segment, 2012 – 2020 (USD Million) 

Table 13 Global Infrastructure Development Sector Variable Frequency Drive (VFD) market revenue and forecast, by regional segment, 2012 – 2020 (USD Million) 

Table 14 Global Oil and Gas Sector Variable Frequency Drive (VFD) market revenue and forecast, by regional segment, 2012 – 2020 (USD Million) 

Table 15 Global Automotive Sector Variable Frequency Drive (VFD) market revenue and forecast, by regional segment, 2012 – 2020 (USD Million) 

Table 16 Global Power Generation Sector Variable Frequency Drive (VFD) market revenue and forecast, by regional segment, 2012 – 2020 (USD Million) 

Table 17 Global Others Sector Variable Frequency Drive (VFD) market revenue and forecast, by regional segment, 2012 – 2020 (USD Million) 

Table 18 Global AC Variable Frequency Drive (VFD) market revenue and forecast, by regional segment, 2012 – 2020 (USD Million) 

Table 19 Global AC Variable Frequency Drive (VFD) market revenue and forecast, by regional segment, 2012 – 2020 (USD Million) 

Table 20 Global Servo Variable Frequency Drive (VFD) market revenue and forecast, by regional segment, 2012 – 2020 (USD Million) 

Table 21 North America Variable Frequency Drives (VFD) market revenue and forecast, by voltage range segment, 2012 - 2020 (USD Million) 

Table 22 North America Variable Frequency Drives (VFD) market volume and forecast, by voltage range segment, 2012 - 2020 (000’ Units) 

Table 23 North America Variable Frequency Drives (VFD) market revenue and forecast, by end user segment, 2013 - 2020 (USD Million) 

Table 24 North America Variable Frequency Drives (VFD) market revenue and forecast, by end user segment, 2013 - 2020 (USD Million) 

Table 25 South America Variable Frequency Drives (VFD) market revenue and forecast, by voltage range segment, 2012 - 2020 (USD Million) 

Table 26 South America Variable Frequency Drives (VFD) market volume and forecast, by voltage range segment, 2012 - 2020 (000’ Units) 

Table 27 South America Variable Frequency Drives (VFD) market revenue and forecast, by end user segment, 2013 - 2020 (USD Million) 

Table 28 South America Variable Frequency Drives (VFD) market revenue and forecast, by end user segment, 2013 - 2020 (USD Million) 

Table 29 Americas Variable Frequency Drives (VFD) market revenue and forecast, by voltage range segment, 2013 - 2020 (USD Million) 

Table 30 Americas Variable Frequency Drives (VFD) market volume and forecast, by voltage range segment, 2013 - 2020 (000’ Units) 

Table 31 Americas Variable Frequency Drives (VFD) market revenue and forecast, by end user segment, 2013 - 2020 (USD Million) 

Table 32 Americas Variable Frequency Drives (VFD) market revenue and forecast, by end user segment, 2013 - 2020 (USD Million) 

Table 33 Europe Variable Frequency Drives (VFD) market revenue and forecast, by voltage range segment, 2013 - 2020 (USD Million) 

Table 34 Europe Variable Frequency Drives (VFD) market volume and forecast, by voltage range segment, 2013 - 2020 (000’ Units) 

Table 35 Europe Variable Frequency Drives (VFD) market revenue and forecast, by end user segment, 2013 - 2020 (USD Million) 

Table 36 Europe Variable Frequency Drives (VFD) market revenue and forecast, by end user segment, 2013 - 2020 (USD Million) 

Table 37 China Variable Frequency Drives (VFD) market revenue and forecast, by voltage range segment, 2012 - 2020 (USD Million) 

Table 38 China Variable Frequency Drives (VFD) market volume and forecast, by voltage range segment, 2012 - 2020 (000’ Units) 

Table 39 China Variable Frequency Drives (VFD) market revenue and forecast, by end user segment, 2013 - 2020 (USD Million) 

Table 40 China Variable Frequency Drives (VFD) market revenue and forecast, by end user segment, 2013 - 2020 (USD Million) 

Table 41 Rest of Asia Pacific Variable Frequency Drives (VFD) market revenue and forecast, by voltage range segment, 2012 - 2020 (USD Million) 

Table 42 Rest of Asia Pacific Variable Frequency Drives (VFD) market volume and forecast, by voltage range segment, 2012 - 2020 (000’ Units) 

Table 43 Rest of Asia Pacific Variable Frequency Drives (VFD) market revenue and forecast, by end user segment, 2013 - 2020 (USD Million) 

Table 44 Rest of Asia Pacific Variable Frequency Drives (VFD) market revenue and forecast, by end user segment, 2013 - 2020 (USD Million) 

Table 45 Asia Pacific Variable Frequency Drives (VFD) market revenue and forecast, by voltage range segment, 2013 - 2020 (USD Million) 

Table 46 Asia Pacific Variable Frequency Drives (VFD) market volume and forecast, by voltage range segment, 2013 - 2020 (000’ Units) 

Table 47 Asia Pacific Variable Frequency Drives (VFD) market revenue and forecast, by end user segment, 2013 - 2020 (USD Million) 

Table 48 Asia Pacific Variable Frequency Drives (VFD) market revenue and forecast, by end user segment, 2013 - 2020 (USD Million) 

Table 49 Middle East & Africa Variable Frequency Drives (VFD) market revenue and forecast, by voltage range segment, 2013 - 2020 (USD Million) 

Table 50 Middle East & Africa Variable Frequency Drives (VFD) market volume and forecast, by voltage range segment, 2013 - 2020 (000’ Units) 

Table 51 Middle East & Africa Variable Frequency Drives (VFD) market revenue and forecast, by end user segment, 2013 - 2020 (USD Million) 

Table 52 Middle East & Africa Variable Frequency Drives (VFD) market revenue and forecast, by end user segment, 2013 - 2020 (USD Million)

 

The variable frequency drives market report by Transparency Market Research provides in-depth analysis of the global variable frequency drive industry. The report divides the market on the basis of voltage range, type, end-user and geography. It also provides the forecast and estimates for each type, range, end-use application and region. The report analyzes demand and supply characteristics of the market by providing detailed forecast and analysis of revenue for the period 2014 – 2020.

 

The variable frequency drives market primarily includes two types of products: low voltage and medium voltage. Growing infrastructure and manufacturing sectors are expected to be the major growth drivers for the low voltage VFD market. Medium voltage drives function at slightly higher voltages than low voltage VFDs. By nature of this property, medium voltage drives consume less electricity as compared to their low voltage counterparts. Equipment used in industries such as mining, oil and gas, and power generation function at high voltage levels. The manufacturing sector was the largest consumer of variable frequency drives globally, accounting for 29.4% of the global share in 2013. The share of the manufacturing sector is expected to further increase to 30.7% by 2020. The manufacturing sector has recently entered into a slowdown in the South American countries, while the economies of Western Europe are still recovering from their recent economic downturn.

 

Both the Middle East and Asia Pacific have highly developed manufacturing sectors from both economic and technical viewpoints. As infrastructure development and manufacturing activities in these regions increase, the demand for VFDs is also expected to grow at constant rates throughout the forecast period. Both the chemical processing and petrochemical industries are likely to exhibit significant growth in demand for low power AC drives in the near future. 

 

The report includes geographical regions such as Americas, Asia Pacific, Europe and Middle East and Africa. Every region has been further bifurcated on the basis of the product segment. Revenue forecasts and estimates for each product segment have been provided for the period 2014 – 2020. 

 

The report also provides detailed analysis and revenue of companies such as ABB Ltd., Siemens AG, Schneider Electric Industries S.A.S., Crompton Greaves Ltd. Danfoss VLT Drives, Eaton Corporation, Emerson Industrial Automation, Fuji Electric Co., Ltd., Mitsubishi Electric Corporation and Vacon PLC. 

 

With the help of Porter’s Five Forces analysis, the report provides a detailed analysis of the various factors influencing the variable frequency drives market. The analysis also helps to understand the degree of competition prevalent in the market. Furthermore, the report analyzes the value chain and the various drivers and restraints of the global variable frequency drive market. 

 

Global Variable Frequency Drive (VFD) Market: Voltage Range Analysis

  • Low Voltage
  • Medium Voltage

Global Variable Frequency Drive (VFD) Market: Type Analysis

  • AC
  • DC
  • Servo

Global Variable Frequency Drive (VFD) Market: End-Use Application Analysis

  • Manufacturing
  • Chemical Processing 
  • Infrastructure Development
  • Oil and Gas
  • Automotive
  • Power Generation
  • Others

Global Variable Frequency Drive (VFD) Market: Regional Analysis

  • Americas

    • North America
    • South America
  • Europe
  • Asia Pacific

    • China
    • Rest of Asia Pacific
  • Middle East and Africa


 
 
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