1. Market Research
  2. > Manufacturing
  3. > Industrial Equipment Market Trends

Variable Frequency Drive Market: Global Forecast until 2021

  • February 2017
  • 173 pages
  • ID: 5201339
In this report:
The low voltage segment is expected to hold the largest share of the power generation end-user market, by voltage, with an estimated size of USD ##,##.## million in 2016 and is projected to grow at a CAGR of ##.##% during the forecast period to reach USD ##,##.## million by 2021, while the medium voltage segment is projected to grow at a CAGR of ##.##% to reach USD ##.## million by 2021.
In 2013, Argentina's total primary production was ##.## quadrillion Btu, and its natural gas production, which is widely used in the industrial and residential sectors, accounted for ##% of the total energy production.


Table of Contents

Search Inside

The variable frequency drive market is estimated to rise at a compound annual growth rate of ~5.9 percent from 2016 to 2021

The variable frequency drive market is estimated to grow $24.80B by 2021, at a compound annual growth rate of ~5.9 percent from 2016 to 2021. VFD are used in infrastructural activities which include commercial buildings including hospitals, and educational institutions. Growing urbanization and industrialization in developing countries including India, increasing need for energy efficiency, reduction in operating costs of any energy intensive sector, regulations on energy efficiency, increasing trend of industrial automation, and regulations to assure efficiency are forecast to steer the variable frequency drive market.

The AC drives segment is anticipated to rise at the highest compound annual growth rate (CAGR) from 2016 to 2021

Established on segment, AC drives are anticipated to constitute the quickest increasing sector from 2016 to 2021. AC drives are witnessing a rise in demand, as they are more efficient, requires less maintenance as distinguished to dc drives. Accordingly, the AC drive segment has higher market share than the DC drive segment.

Variable frequency drives in the low voltage segment is anticipated to grow at the quickest Compound annual growth rate from 2016 to 2021

With regard to voltage, the low voltage segment is forecasted to grow at the quickest Compound annual growth rate. The industry demand from industries including utilities, petrochemicals, water & wastewater, metals & mining, and cement, would drive the low voltage drives market. The low voltage drives are generally employed in applications including pumps, compressors, conveyors, crushers & mills, fans, and kiln applications.

Asia-Pac: The biggest market for variable frequency drives

Asia Pacific (APAC) is currently the biggest market for VFD, closely followed by Europe (EU). The Asian market is primarily influenced by countries including China (CN), India (IN), Japan (JP), Australia (AU), Indonesia (ID), and South Korea (KR). China (CN) is forecasted to dominate the variable frequency drives market, succeeded by Japan (JP) and India (IN). Urbanization and industrialization will drive the APAC market during the outlook period.

Key players' distribution profiles:

Comprehensive interviews have been managed with several key industry participants, subject matter experts, C-suite executives of key industry players, and industry consultants, among other experts, to verify and obtain critical qualitative and quantitative info, as well as to evaluate future industry prospects. The classification of primaries interviews is like:

By Company Type: Tier 1 60.0 percent, Tier 2 27.0 percent, Tier 3 13.0 percent

By Designation: C-Level- 35.0 percent, Manager-Level- 25.0 percent, Others- 40.0 percent

By area: Americas- 40.0 percent, Europe- 19.0 percent, Asia-pac- 17%, Middle East- 15.0 percent, and Africa- 9.0 percent

Note: The 1/3 of the companies, the tiers of the corporations has been defined based on their full revenue; as of 2015: Tier 1 = >USD 20 billion, Tier 2 = $10.0B to $20.0B, and Tier 3 =

The key players in the variable frequency market contain ABB Ltd, Siemens (SIA), Schneider Electric (SU), Danfoss, Rockwell Automation (NYSE:ROK), and WEG.

Segment Research

From an insight prospect, this market research has emphasized several levels of analysis - industry, market share research of top players, supply chain research, and company descriptions, which together comprise and examine the basic overviews on the competitive landscape; coming out and high-growth segments of the variable frequency drive market; high-growth areas; and sector drivers, market restraints, and alternatives.

This study furnishes highlights on the following points:

• Market Uptake: Exhaustive data on equipment provided by the top actors in the overall variable frequency drive market

• Product Development/Innovative products: In-depth understanding on up-on-coming technologies, analysis & growth activities, and recent product launches in the variable frequency drive market

• Market Development: Highlighted information about profitable emerging sectors - the market research examines the industries for variable frequency drive across localities

• industry diversification: Complete information about recent products, untapped sectors, recent evolutions, and market investments in the overall variable frequency drive market

• opposing assessment: Detailed assessment of market shares, strategies, products, and manufacturing competences of the key players in the overall variable frequency drive market

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 60 Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.
Ahmad helps you find the right report:

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at researchadvisor@reportlinker.com to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - researchadvisor@reportlinker.com or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.
Purchase Reports From Reputable Market Research Publishers

Fluid Handling System Market: Global Forecast until 2023

  • $ 5650
  • Industry report
  • October 2017
  • by MarketsandMarkets

“Fluid handling system market expected to exhibit significant growth between 2017 and 2023”The fluid handling system market is projected to grow at a CAGR of 4.8% between 2017 and 2023 to be worth ...

Screw Pumps Sector: Worldwide Forecast until 2021

  • $ 3500
  • Industry report
  • September 2017
  • by Infiniti Research Limited

About Screw PumpsA screw pump is a type of positive displacement pump that utilizes two or more screws to facilitate the movement of containing fluid. Screw pumps utilize rotary motion to transfer fluid, ...

Pump Sector: Forecast until 2021 in China

  • $ 3500
  • Industry report
  • August 2017
  • by Infiniti Research Limited

About PumpsPumps are mechanical devices used to move fluids from one place to another. They are used in the circulation of fluids around different parts of a system to increase the operational performance ...


Reportlinker.com © Copyright 2017. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.