Variable frequency Drive (VFD) is an electric power control device which controls AC motor by changing the working power frequency of the motor by using frequency conversion technology and microelectronic technology. The frequency converter is mainly composed of rectifier (AC to DC), filter, inverter (DC to AC), brake unit, drive unit, detection unit, micro-processing unit, etc.
Market Analysis and Insights: Global Variable Frequency Drive (VFD) Market
Due to the COVID-19 pandemic, the global Variable Frequency Drive (VFD) market size is estimated to be worth US$ 15490 million in 2022 and is forecast to a readjusted size of US$ 18710 million by 2028 with a CAGR of 3.2% during the review period. Fully considering the economic change by this health crisis, MV and LV Frequency Converter accounting for % of the Variable Frequency Drive (VFD) global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR in the post-COVID-19 period. While Electric Power segment is altered to an % CAGR throughout this forecast period.
The major players in global Variable frequency Drive (VFD) market include ABB, SIEMENS, Schneider, etc. The top 3 players occupy over 35% shares of the global market. Middle and Low Voltage Frequency Converter is the main type, with a share about 70%. Electric Power is the main application, which holds a share about 30%.
In terms of production side, this report researches the Variable Frequency Drive (VFD) capacity, production, growth rate, market share by manufacturers and by region (region level and country level), from 2017 to 2022, and forecast to 2028.
In terms of sales side, this report focuses on the sales of Variable Frequency Drive (VFD) by region (region level and country level), by company, by Type and by Application. from 2017 to 2022 and forecast to 2028.
Global Variable Frequency Drive (VFD) Scope and Segment
Variable Frequency Drive (VFD) market is segmented by Type and by Application. Players, stakeholders, and other participants in the global Variable Frequency Drive (VFD) market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on production capacity, revenue and forecast by Type and by Application for the period 2017-2028.
Segment by Type
MV and LV Frequency Converter
High Voltage Frequency Converter
Segment by Application
Electric Power
Mining
Metallurgical
Petrochemical
Building Materials
Others
By Company
ABB
SIEMENS
Schneider
Danfoss
Rockwell
YASKAWA
MITSUBISHI ELECTRIC
Fuji Electric
Inovance Technology
Delta
GE Power Conversion
INVT
Hiconics Eco-energy Technology
VEICHI
HopeSenlan Science and Technology
EURA DRIVES
POWTRAN
Sichuan Jialing Electrical
Xinfengguang Electronics
SINEE
Production by Region
North America
Europe
Japan
China
Consumption by Region
North America
United States
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE