Variable Frequency Drives Market by Type (AC, DC, Servo), Power Range (Micro, Low, Medium, High), Voltage (Low & Medium), Application (Pump, Fan, Compressor, Conveyor, Elevator, Extruder) and Geography – Global Market Trends & Forecast to 2019

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Date: 20-Aug-2014
No. of pages: 326
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This report estimates the variable frequency drive market in terms of volume and value. The volume market is estimated in terms of number of unit shipments and value in terms of revenue ($ million). This has been broken down into component regions and is further split into countries.

Variable frequency drives are solid state regulators used in AC or DC electric motor. Increasing consumption of electricity coupled with rising electricity prices over the globe are the key trends driving the market. However, higher implementation costs of drives can affect the growth of this market.  Most variable frequency drives are applied on Alternating Current (AC) electric motors in the industrial manufacturing. There are some Direct Current (DC) electric motor applications that apply variable frequency drives, but most manufacturers seek AC motors because DC motors are expensive and often fail. Variable frequency drives can also be used as a phase converters, when three phase motors need to be operated from single phase power. The market is technologically driven and most of the companies seek new product development to have a competitive edge.

We have used various secondary sources such as encyclopedias, directories, and databases to identify and collect information that was useful for this extensive commercial study of the global variable frequency drives market. The primary sources are experts and suppliers from the industry who have all been interviewed to obtain and verify critical information, as well as to assess the future prospects of the variable frequency drives market.

We have also profiled leading players of this industry, along with their recent developments and other strategic industry activities. Some of the key companies profiled include ABB Ltd. (Switzerland), American Electric Technologies Inc. (AETI) (U.S.), Amtech Electronics India Ltd. (India), Crompton Greaves (India), Danfoss VLT Drives (Denmark), Eaton (Ireland), Emerson Industrial Automation (U.S.), Fuji Electric Co., Ltd. (Japan), GE Energy Power Conversion (U.S.), Hiconics Drive Technology Co. Ltd. (China), Hitachi Ltd. (Japan), Honeywell International Inc. (U.S.), Johnson Controls Inc. (U.S.), KB Electronics, Inc. (U.S.), Mitsubishi Electric Corporation (Japan), Rockwell Automation Inc. (U.S.), Schneider Electric (France), Siemens AG (Germany), Toshiba International Corporation (TIC) (Japan), Vacon PLC (Finland), Yaskawa Electric Corp (Japan).

Latin America is the highest growing region among the global variable frequency drives market. In Latin America, Brazil is the largest market in terms of market size and growth. Asia-Pacific is the largest region in terms of market size.

The variable frequency drives market is segmented into six regions namely Asia-Pacific, Europe, North America, Latin America, and the Middle East & Africa. The variable frequency drives market is further segmented by types, power, voltage, and application.

The report also touches upon various important aspects of the market. These include analysis of the value chain, Porter’s Five Forces model, and the competitive landscape. In addition to this, 21 key players of this market have also been profiled.

Variable Frequency Drives Market by Type (AC, DC, Servo), Power Range (Micro, Low, Medium, High), Voltage (Low & Medium), Application (Pump, Fan, Compressor, Conveyor, Elevator, Extruder) and Geography – Global Market Trends & Forecast to 2019

Table of Contents

1 List of Acronyms

2 Introduction
2.1 Objectives
2.2 Analyst Insights
2.3 Market Segmentation and Markets Covered
2.4 Stakeholders
2.5 Research Methodology
2.5.1 Approach
2.5.2 Market Size Estimation
2.5.3 Market Crackdown & Data Triangulation
2.5.4 Key Data Taken From Secondary Sources
2.5.5 Key Secondary Sources Used
2.5.6 Key Data Taken From Primary Sources
2.5.7 Assumptions Made for This Report

3 Executive Summary

4 Market Overview
4.1 Introduction
4.2 Market Statistics
4.2.1 Global Variable Frequency Drives Market
4.2.2 Submarkets
4.2.2.1 Regional Trends in VFD Market
4.2.2.2 Trends Within Types of Variable Frequency Drives
4.2.2.2.1 Regional Trends for Variable Frequency Drives, By Type
4.2.2.3 Trends for Variable Frequency Drives Market, By Voltage
4.2.2.3.1 Regional Trends for Variable Frequency Drives Market, By Voltage
4.2.2.4 Power Drive Trends in the VFD Market
4.2.2.5 Global End-Use Sector VFD Market Trends
4.2.2.5.1 Regional Trends for Variable Frequency Drives, By Application

5 Market Analysis
5.1 Market Dynamics
5.1.1 Drivers
5.1.1.1 Rising Energy & Electricity Prices
5.1.1.2 Continuous increase in the Consumption of Electricity
5.1.1.3 Development and Modernization of Infrastructure
5.1.1.4 Stringent Environmental Regulations
5.1.1.5 Increasing Awareness About Advantages of Drives
5.1.2 Restraints
5.1.2.1 Implementation Costs
5.1.2.2 Lag In Implementation of Standards and Directives
5.1.3 Opportunity
5.1.3.1 Huge Market Potential for VFDs
5.1.3.2 Growing Environmental Concerns
5.1.4 Burning Issues
5.1.4.1 Noise Radiated From VFD Systems:
5.1.4.2 Generation of Electromagnetic and Radio Frequency Interference:
5.1.5 Winning Imperative: New Product Launch Is the Key Winning Imperative for the VFD Market
5.2 Value Chain Analysis
5.2.1 Raw Materials
5.2.2 Variable Frequency Drive Manufacturers
5.2.3 End Users
5.3 Porter’s Five forces Analysis
5.3.1 Buyers Power
5.3.2 Suppliers Power
5.3.3 Threat of New Entrants
5.3.4 Threat of Substitutes
5.3.5 Degree of Competition

6 Variable Frequency Drive Market, By Type
6.1 Introduction
6.2 Market Analysis
6.2.1 AC Drives to Boost VFD Market
6.2.2 AC Drives
6.2.2.1 Introduction
6.2.2.2 Asia-Pacific – Main Growth Driver
6.2.3 DC Drives
6.2.3.1 Introduction
6.2.3.2 Market Analysis
6.2.4 Servo Drives
6.2.4.1 Introduction
6.2.4.2 Market Analysis

7 Variable Frequency Drives, By Power & Voltage Range
7.1 Power Range
7.1.1 Market Segmentation
7.1.2 Market Analysis
7.1.2.1 Segment Analysis
7.1.2.2 Micro Power Drive
7.1.2.2.1 Introduction
7.1.2.3 Low Power Drives
7.1.2.3.1 Introduction
7.1.2.4 Medium Power Drives
7.1.2.4.1 Introduction
7.1.2.5 High Power Drives
7.1.2.5.1 Introduction
7.2 Voltage Range
7.2.1 Market Segmentation
7.2.2 Market Analysis
7.2.2.1 Low Voltage Drive Dominate VFD Market By Voltage Range
7.2.2.2 Low Voltage
7.2.2.2.1 Introduction
7.2.2.3 Medium Voltage
7.2.2.3.1 Introduction

8 Variable Frequency Drives, By Application
8.1 Industry Overview
8.2 Market Analysis
8.2.1 Pump Application to Exhibit Maximum Growth
8.2.2 Pumps Application Market
8.2.2.1 Introduction
8.2.3 Fans Application Market
8.2.3.1 Introduction
8.2.4 Compressors Application Market
8.2.4.1 Introduction
8.2.5 Conveyor Application Market
8.2.5.1 Introduction
8.2.6 Elevators Application Market
8.2.6.1 Introduction
8.2.7 Extruder Application Market
8.2.7.1 Introduction
8.2.8 Others
8.2.8.1 Introduction

9 Variable Frequency Drives, By Geography
9.1 Industry Overview
9.2 Market Analysis
9.2.1 VFD Market, By Geography
9.3 Asia – Pacific to Drive the Global Market
9.3.1 Introduction
9.3.2 China
9.3.3 Japan
9.3.4 India
9.3.5 Others
9.4 Europe
9.4.1 Germany
9.4.2 Italy
9.4.3 France
9.4.4 U.K.
9.4.5 Russia
9.4.6 Others
9.5 North America
9.5.1 U.S.
9.6 Latin America
9.6.1 High Power Drives Analysis
9.7 Middle East & Africa

10 Competitive Landscape
10.1 Introduction
10.2 Key Players of Variable Frequency Drive Market
10.2.1 List of Key Players
10.3 Growth Strategies in the Variable Frequency Drive Market
10.4 Most Active Companies in the Variable Frequency Drive Market
10.5 New Product Launch
10.6 Supply Contract
10.7 Expansion
10.8 Mergers & Acqusitions
10.9 Awards & Recognition
10.10 Market Rankings of the Industry Players

11 Company Profiles
11.1 ABB Ltd.
11.1.1 Introduction
11.1.2 Products & Services
11.1.3 Strategy & Insights
11.1.4 SWOT Analysis
11.1.5 Developments
11.1.6 MNM View
11.2 American Electric Technologies Inc.
11.2.1 Introduction
11.2.2 Products & Services
11.2.3 Strategy & Insights
11.2.4 Developments
11.3 Amtech Electronics India Ltd.
11.3.1 Introduction
11.3.2 Products & Services
11.3.3 Strategy
11.3.4 Developments
11.4 Crompton Greaves
11.4.1 Introduction
11.4.2 Products & Services
11.4.3 Strategy & Insights
11.4.4 Developments
11.5 Danfoss Vlt Drives
11.5.1 Introduction
11.5.2 Products
11.5.3 Strategy & Insights
11.5.4 SWOT Analysis
11.5.5 Developments
11.5.6 MNM View
11.6 Eaton
11.6.1 Introduction
11.6.2 Products & Services
11.6.3 Strategy & Insights
11.6.4 Developments
11.7 Emerson Industrial Automation
11.7.1 Introduction
11.7.2 Products & Services
11.7.3 Strategy & Insights
11.7.4 Developments
11.8 Fuji Electric Co., Ltd.
11.8.1 Introduction
11.8.2 Products & Services
11.8.3 Strategy & Insights
11.8.4 Developments
11.9 GE Energy Power Conversion
11.9.1 Introduction
11.9.2 Products & Services
11.9.3 Strategy & Insights
11.9.4 Developments
11.10 Hiconics Drive Technology Co. Ltd.
11.10.1 Introduction
11.10.2 Products & Services
11.10.3 Strategy & Insights
11.10.4 Developments
11.11 Hitachi Ltd.
11.11.1 Introduction
11.11.2 Products & Services
11.11.3 Strategy & Insights
11.11.4 Developments
11.12 Honeywell International Inc.
11.12.1 Introduction
11.12.2 Products & Services
11.12.3 Strategy & Insights
11.12.4 Developments
11.13 Johnson Controls Inc.
11.13.1 Introduction
11.13.2 Products & Services
11.13.3 Strategy & Insights
11.13.4 Developments
11.14 KB Electronic Inc.
11.14.1 Introduction
11.14.2 Products & Services
11.14.3 Strategy & Insights
11.14.4 Developments
11.15 Mitsubishi Electric Corporation
11.15.1 Introduction
11.15.2 Products & Services
11.15.3 Strategy & Insights
11.15.4 SWOT Analysis
11.15.5 Developments
11.15.6 MNM View
11.16 Rockwell Automation Inc.
11.16.1 Introduction
11.16.2 Products & Services
11.16.3 Strategy & Insights
11.16.4 SWOT Analysis
11.16.5 Developments
11.16.6 MNM View
11.17 Schneider Electric Sa
11.17.1 Introduction
11.17.2 Products & Services
11.17.3 Strategy & Insights
11.17.4 Developments
11.18 Siemens AG
11.18.1 Introduction
11.18.2 Products & Services
11.18.3 Strategy & Insights
11.18.4 SWOT Analysis
11.18.5 Developments
11.18.6 MNM View
11.19 toshiba International Corporation
11.19.1 Introduction
11.19.2 Products & Services
11.19.3 Strategy & Insights
11.19.4 Developments
11.20 Vacon PLC
11.20.1 Introduction
11.20.2 Products & Services
11.20.3 Strategy & Insights
11.20.4 Developments
11.21 Yaskawa Electric Corp.
11.21.1 Introduction
11.21.2 Products & Services
11.21.3 Strategy & Insights
11.21.4 Developments

List of Tables

Table 1 Global VFD Market Size, By Type 2012-2019 ($Million)
Table 2 AC Drives: Pros and Cons
Table 3 AC VFD Market Size, By Geography, 2012-2019 ($Million)
Table 4 DC Drives :Pros and Cons
Table 5 DC VFD Market Size, By Geography, 2012-2019 ($Million)
Table 6 Servo VFD Market Size, By Geography, 2012-2019 ($Million)
Table 7 VFD Market Size, By Power Range, 2012-2019 ($Million)
Table 8 Micro Power VFD Market Size, By Geography, 2012-2019 ($Million)
Table 9 Low Power VFD Market Size, By Geography, 2012-2019 ($Million)
Table 10 Medium Power VFD Market Size, By Geography, 2012-2019 ($Million)
Table 11 High Power VFD Market Size, By Geography, 2012-2019 ($Million)
Table 12 VFD Market Size, By Voltage Range, 2012-2019 ($Million)
Table 13 Low Voltage VFD Market Size, By Geography, 2012-2019 ($Million)
Table 14 Medium Voltage VFD Market Size, By Geography, 2012-2019 ($Million)
Table 15 VFD Market Size, By Application, 2012-2019 ($Million)
Table 16 Pumps Market Size, By Geography, 2012-2019 ($Million)
Table 17 Fans Market Size, By Geography, 2012-2019 ($Million)
Table 18 Compressors Market Size, By Geography, 2012-2019 ($Million)
Table 19 Conveyors Market Size, By Geography, 2012-2019 ($Million)
Table 20 Elevators Market Size, By Geography, 2012-2019 ($Million)
Table 21 Extruder Market Size, By Geography, 2012-2019 ($Million)
Table 22 Others Market Size, By Geography, 2012-2019 ($Million)
Table 23 Variable Frequency Drives Market Size, By Geography, 2012-2019 ($Million)
Table 24 Asia Pacific: Variable Frequency Drives Market Size, By Country, 2012-2019 ($ Million)
Table 25 Asia-Pacific: Market Size, By Power Range, 2012-2019 (‘000 Units)
Table 26 Asia-Pacific: Market Size, By Type, 2012-2019 ($Million)
Table 27 Asia-Pacific: Market, By Power Range, 2012-2019 ($Million)
Table 28 Asia-Pacific: Market Size, By Voltage Range, 2012-2019 ($Million)
Table 29 Asia-Pacific: Market Size, By Application, 2012-2019 ($Million)
Table 30 China: Variable Frequency Drives Market Size, By Power Range, 2012-2019 ($Million)
Table 31 China: Market Size, By Voltage Range, 2012-2019 ($Million)
Table 32 Japan: Market Size, By Power Range, 2012-2019 ($Million)
Table 33 Japan: Variable Frequency Drives Market Size, By Voltage Range, 2012-2019 ($Million)
Table 34 India: Variable Frequency Drives Market Size, By Power Range, 2012-2019 ($Million)
Table 35 India: Market Size, By Voltage Range, 2012-2019 ($Million)
Table 36 Others: Variable Frequency Drives Market Size, By Power Range, 2012-2019 ($Million)
Table 37 Others: Market Size, By Voltage Range, 2012-2019 ($Million)
Table 38 Europe: Variable Frequency Drive Market Size, By Country, 2012-2019 ($Million)
Table 39 Europe: Market Size, By Power Range , 2012-2019 (‘000 Units)
Table 40 Europe: Market Size, By Type, 2012-2019 ($Million)
Table 41 Europe: Market Size, By Power Range, 2012-2019 ($Million)
Table 42 Europe: Market Size, By Voltage, 2012-2019 ($Million)
Table 43 Europe : Market Size, By Application, 2012-2019 ($Million)
Table 44 Germany: Variable Frequency Drive Market Size, By Power Range, 2012-2019 ($Million)
Table 45 Italy: Variable Frequency Drive Market Size, By Power Range, 2012-2019 ($Million)
Table 46 France: Variable Frequency Drive Market Size, By Power Range, 2012-2019 ($Million)
Table 47 U.K.: Variable Frequency Drive Market Size, By Power Range, 2012-2019 ($Million)
Table 48 Russia: Variable Frequency Drive Market Size, By Power Range, 2012-2019 ($Million)
Table 49 Others: Variable Frequency Drive Market Size, By Power Range, 2012-2019 ($Million)
Table 50 North America: Variable Frequency Drive Market Size, By Country, 2012-2019 ($Million)
Table 51 North America: Market Size, By Type, 2012-2019 ($Million)
Table 52 North America: Market Size, By Voltage, 2012-2019 ($Million)
Table 53 North America: Market Size, By Power Range, 2012-2019 ($Million)
Table 54 North America: Market Size, By Power Range, 2012-2019 (‘000 Units)
Table 55 North America: Market Size, By Application, 2012-2019 ($Million)
Table 56 U.S.: Variable Frequency Drive Market Size, By Power Range, 2012-2019 ($Million)
Table 57 U.S.: Variable Frequency Drive Market Size, By Voltage Range, 2012-2019 ($Million)
Table 58 Latin America: Variable Frequency Drive Market Size, By Country, 2012-2019 ($Million)
Table 59 Latin America: Market Size, By Type, 2012-2019 ($Million)
Table 60 Latin America: Market Size, By Power Range, 2012-2019 ($Million)
Table 61 Latin America: Market Size, By Power Range, 2012-2019 (‘000 Units)
Table 62 Latin America: Market Size, By Application, 2012-2019 ($Million)
Table 63 Latin America : High Power Variable Frequency Drive Market Size, By Country, 2012-2019 ($Million)
Table 64 Middle East and Africa: Variable Frequency Drive Market Size, By Application, 2012-2019 ($Million)
Table 65 Middle East and Africa: Market Size, By Type, 2012-2019 ($Million)
Table 66 Middle East and Africa: Market Size, By Power Range, 2012-2019 ($Million)
Table 67 Middle East and Africa: Market Size, By Power Range, 2012-2019 (‘000 Units)
Table 68 Middle East and Africa: Market Size, By Voltage Range, 2012-2019 ($Million)
Table 69 New Product Launch Analysis, 2010-2014
Table 70 Supply Contract (2010-2014)
Table 71 Expansion, 2010-2014
Table 72 Mergers & Acqusitions, 2010-2014
Table 73 Other Developments, 2010-2014
Table 74 ABB Ltd.: Products & Its Features
Table 75 Aeti: Products & Its Features
Table 76 Amtech Electronics: Products & Services
Table 77 Crompton Greaves : Products & Its Features
Table 80 Danfoss: Products & Description
Table 81 Eaton: Products & Its Features
Table 82 Emerson Industrial Automation: Products & Its Features
Table 83 Fuji Electric : Products & Its Features
Table 84 GE Energy Power Conversion: Products & Its Features
Table 85 Hiconics Drive Technology: Products & Its Features
Table 86 Hitachi : Products & Its Features
Table 87 Honeywell International: Products & Its Features
Table 88 Jhonson Controls: Products & Its Features
Table 89 KB Electronic : Products & Its Features
Table 90 Mitsubishi Electric : Products & Its Features
Table 91 Rockwell Automation: Products & Its Features
Table 92 Schneider Electric: Products & Its Features
Table 93 Siemens AG : Products & Its Features
Table 94 Toshiba International : Products & Its Features
Table 95 Vacon : Products & Its Features
Table 96 Yaskawa Electric : Products & Its Features

List of Figures

Figure 1 Research Methodology
Figure 2 Data Triangulation Methodology
Figure 3 VFD Market Size, By Geography, 2012-2019 ($Million)
Figure 4 Market Overview: Tree Structure
Figure 5 Variable Frequency Drives Market Size, 2012–2019 ($Million)
Figure 6 Global Variable Frequency Drives Market Size: Scenario of Different Regions
Figure 7 Variable Frequency Drives Market Size, By Type, 2012–2019 ($Million)
Figure 8 Regional Variable Frequency Drives Market, By Type 2014-2019 ($Million)
Figure 9 Variable Frequency Drives Market Size, By Voltage, 2012–2019 ($Million)
Figure 10 Regional Variable Frequency Drives Market, By Voltage 2014-2019 ($Million)
Figure 11 Variable Frequency Drives Market Size, By Power,2012–2019 ($Million)
Figure 12 Regional Variable Frequency Drives Market, By Power 2014-2019 ($Million)
Figure 13 Regional Variable Frequency Drives Market, By Application, 2014-2019 ($Million)
Figure 14 Electricity Generation & Consumption(2013-2019)
Figure 15 Variable Frequency Drive: Value Chain Analysis
Figure 16 Porter’s Five forces Model for VFD Market
Figure 17 Variable Frequency Drives Market Segmentation, By Type
Figure 18 VFD Market Share, By Type, 2013
Figure 19 VFD Market Share, By Types, 2019
Figure 20 VFD Market, By Power Range
Figure 21 VFD Market Share, By Power Range, 2013
Figure 22 VFD Market Share, By Power Range, 2019
Figure 23 VFD Market, By Voltage Range
Figure 24 VFD Market Share,By Voltage Range, 2013
Figure 25 VFD Market Share,By Voltage Range, 2019
Figure 26 VFD Market Segmentation, By Application
Figure 27 VFD Market Share, By Application, 2013
Figure 28 VFD Market Share, By Application, 2019
Figure 29 VFD Market Segmentation, By Geography
Figure 30 VFD Market Share (Value), By Geography, 2013
Figure 31 VFD Market Share (Value), By Geography, 2019
Figure 32 Variable Frequency Drive Market: Number of Developments, 2010-2014
Figure 33 Variable Frequency Drive Market Share, By Growth Strategy, 2010-2014
Figure 34 Variable Frequency Drive Market Development Share, By Key Player, 2010-2014
Figure 35 Annual New Product Launch Analysis, 2010-2014
Figure 36 Annual Supply Contarcts Analysis, 2010-2014
Figure 37 Annual Expansion Analysis ,2010-2014
Figure 38 Annual Mergers & Acqusitions Analysis, 2010-2014
Figure 39 Annual Awards & Recognition Analysis, 2013-2014
Figure 40 Variable Frequency Drive Market Share Analysis: By Company, 2013

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