Variable Frequency Drives Market by Power Range (Micro, Low, Medium, High), Voltage (Low & Medium), Application (Pump, Fan, Compressor, Conveyor, Elevator, Extruder & Others) and Region - Global Trends & Forecasts to 2021

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Date: 23-Mar-2016
No. of pages: 150
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“The variable frequency drives market is expected to grow at a CAGR of 6.9% during the forecast period”

The global variable frequency drives market is estimated to be at USD 19.38 billion in 2016, and is projected to reach USD 27.11 billion by 2021, at a CAGR of 6.9% from 2016 to 2021. Energy consumption plays an important role in the overall operating costs of any energy intensive industry. Variable frequency drives, which are primarily used to control the speed and torque of electric motors, provide optimized energy use and reduce maintenance costs of electric motors. The growth of the market is attributed to an increased focus on energy efficiency and growth of the industrial sector in developing countries

“Medium voltage variable frequency drives are expected to witness the fastest growth during the forecast period”

Medium voltage variable frequency drives are expected to register the highest growth rate during the forecast period. The major reason behind the same is low current at a given power output, which makes it a feasible option in the industries. On the other hand, the low voltage segment held the largest share in 2015, accounting for more than three quarters of the global market. Its growth has been attributed to the usage of low voltage motors in various applications worldwide across diverse sectors, such as manufacturing, oil & gas, process industries, and chemicals among others.

“Asia-Pacific: The largest market for variable frequency drives”

Asia-Pacific led the variable frequency drives market in 2015, and is projected to continue to do so till 2021. The market in Asia-Pacific is projected to grow at the fastest pace among all regions during the forecast period. This growth is attributed to increasing government mandates to conserve electricity through energy efficiency norms and growing industrialization in the region.

Breakdown of Primaries:

In-depth interviews have been conducted with various key industry participants, subject matter experts, C-level executives of key market players and industry consultants among other experts to obtain & verify critical qualitative & quantitate information as well as assess future market prospects. Distribution of primary interviews is as follows:


  • By Company Type: Tier 1 – 40%, Tier 2 – 30%, and Tier 3 – 30%

  • By Designation: C-Level – 30%, Director Level – 20%, and Others* – 50%

  • By Region: North America – 10%, Europe – 10%, Asia-Pacific – 70%, and Middle East & Africa – 10%


Note: *Others include product managers, marketing managers, and sales managers.

The tier of the companies has been defined on the basis of their total revenue, as of 2013: Tier 1 = >USD 5 billion,

Tier 2 = USD 1 billion to USD 5 billion, and Tier 3 =

The study has profiled leading market players of the industry, along with their recent developments and other strategic industry activities. Some of the key players include ABB Ltd. (Switzerland), Siemens AG (Germany), General Electric Company (U.S.), Eaton Corporation (U.S.), Schneider Electric SE (France), Danfoss Group (Denmark), Mitsubishi Electric Co. Ltd. (Japan), and Rockwell Automation (U.S.).

Reasons to buy this report:

From an insight perspective, this research has focused on various analysis levels—industry analysis (industry trends), market share analysis of top players, supply chain analysis, and company profiles, which together comprise and discuss the basic views on the competitive landscape; emerging and high-growth segments of the variable frequency drives market; high-growth regions; and market drivers, restraints, and opportunities.

The report provides insights on the following pointers:


  • Market Penetration: Comprehensive information on galley equipment offered by the top players in the global variable frequency drives market

  • Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the variable frequency drives market

  • Market Development: Comprehensive information about lucrative emerging markets –the report analyzes the variable frequency drives market across regions

  • Market Diversification: Exhaustive information about new products, untapped regions, recent developments, and investments in the global variable frequency drives market

  • Competitive Assessment: In-depth assessment of market shares, strategies, products, and manufacturing capabilities of the leading players in the global variable frequency drives market

Variable Frequency Drives Market by Power Range (Micro, Low, Medium, High), Voltage (Low & Medium), Application (Pump, Fan, Compressor, Conveyor, Elevator, Extruder & Others) and Region - Global Trends & Forecasts to 2021

Table of Content

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Years Considered for the Study
1.4 Currency & Pricing
1.5 Limitation
1.6 Stakeholders

2 Research Methodology
2.1 Introduction
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Key Industry Insights
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Market Breakdown & Data Triangulation
2.4 Research Assumptions & Limitations

3 Executive Summary

4 Premium Insights

5 Market Overview
5.1 Introduction
5.2 Market Segmentation
5.3 Market Dynamics
5.3.1 Drivers
5.3.2 Restraints
5.3.3 Opportunities
5.3.4 Challenges
5.4 Impact of Market Dynamics
5.5 Vfd Topologies
5.5.1 Voltage-Source Inverter Drive
5.5.2 Current-Source Inverter Drive
5.5.3 Six-Step Inverter Drive
5.5.4 Load Commutated Inverter Drive
5.5.5 Cycloconverter Or Matrix Converter
5.5.6 Doubly Fed Slip Recovery System
5.5.7 Variable Torque Drive
5.5.8 Constant Torque Drive
5.5.9 Constant Power Drive
5.6 Porter’s Five Forces Analysis
5.6.1 Threat of New Entrants
5.6.2 Threat of Substitutes
5.6.3 Bargaining Power of Suppliers
5.6.4 Bargaining Power of Buyers
5.6.5 Intensity of Rivalry
5.7 Current Industry Trends
5.7.1 Leading Technologies
5.7.2 Upcoming Technologies
5.7.3 Market Leaders
5.7.4 Constant Power Drive

6 Variable Frequency Drives Market, By Power Range
6.1 Introduction
6.2 Micro Power Drives (0 – 5kW)
6.3 Low Power Drives (6kW – 40 kW)
6.4 Medium Power Drives (41kW – 200kW)
6.5 High Power Drives (>200 kW)

7 Variable Frequency Drives Market, By Voltage Level
7.1 Introduction
7.2 Low Voltage (0 – 690 V)
7.3 Medium Voltage (>691 V)

8 Variable Frequency Drives Market, By Application
8.1 Introduction
8.2 Pumps
8.3 Compressors
8.4 Extruders
8.5 Fans
8.6 Motors
8.7 Conveyors
8.8 Elevators
8.9 Others

9 Variable Frequency Drives Market, By Region
9.1 Europe
9.1.1 Germany
9.1.2 Italy
9.1.3 U.K.
9.1.4 France
9.1.5 Spain
9.1.6 Russia
9.1.7 Rest of Europe (Western Europe)
9.2 North America
9.2.1 U.S.
9.2.2 Mexico
9.2.3 Canada
9.3 Asia-Pacific
9.3.1 China
9.3.2 India
9.3.3 Australia
9.3.4 Japan
9.3.5 Indonesia
9.3.6 South Korea
9.3.7 Rest of Asia-Pacific
9.4 Middle East
9.4.1 UAE
9.4.2 Qatar
9.4.3 Saudi Arabia
9.4.4 Oman
9.4.5 Kuwait
9.4.6 Rest of Middle East
9.5 Africa
9.5.1 South Africa
9.5.2 Egypt
9.5.3 Nigeria
9.5.4 Rest of Africa
9.6  South America
9.6.1 Brazil
9.6.2 Argentina
9.6.3 Chile
9.6.4 Rest of South America

10 Competitive Landscape
11.1 Overview
11.2 Competitive Situation & Trends
11.2.1 Expansions
11.2.2 New Product/Service/Technology Developments
11.2.3 Mergers & Acquisitions
11.2.4 Contracts & Agreements
11.2.5 Other Developments

11 Company Profiles
11.1 Introduction
11.2 ABB Ltd.
11.2.1 Business Overview
11.2.2 Products Offered
11.2.3 Developments
11.2.4 SWOT Analysis
11.2.5 MnM View
11.3 Crompton Greaves Limited
11.3.1 Business Overview
11.3.2 Products Offered
11.3.3 Developments
11.3.4 SWOT Analysis
11.3.5 MnM View
11.4 Danfoss
11.4.1 Company Snapshot
11.4.2 Products Offered
11.4.3 Developments
11.4.4 SWOT Analysis
11.4.5 MnM View
11.5 Eaton Corporation PLC.
11.5.1 Company Snapshot
11.5.2 Products Offered
11.5.3 Developments
11.5.4 SWOT Analysis
11.5.5 MnM View
11.6 Emerson Electric Co.
11.6.1 Company Snapshot
11.6.2 Products Offered
11.6.3 Developments
11.7 General Electric Company
11.7.1 Company Snapshot
11.7.2 Products Offered
11.7.3 Developments
11.8 Hitachi Ltd.
11.8.1 Company Snapshot
11.8.2 Products Offered
11.8.3 Developments
11.9 Honeywell International Inc.
11.9.1 Company Snapshot
11.9.2 Products Offered
11.9.3 Developments
11.10 Mitsubishi Electric Corporation
11.10.1 Company Snapshot
11.10.2 Products Offered
11.10.3 Developments
11.11 Schneider Electric Co.
11.11.1 Company Snapshot
11.11.2 Products Offered
11.11.3 Developments
11.12 Siemens AG
11.12.1 Business Overview
11.12.2 Products Offered
11.12.3 Developments
11.13 Toshiba International Corporation
11.13.1 Company Snapshot
11.13.2 Products Offered
11.13.3 Developments

(Apart From the Above mentioned Companies, Any Other Specific Companies From Client Can Be Profiled)

12 Appendix
12.1 Insights From Industry Experts
12.2 Discussion Guide
12.3 Available Customizations
12.4 Related Reports

List of Tables

Table 1 Energy Saving Obtained By Using Variable Frequency Drives
Table 2 Impacts of Market Dynamics
Table 3 Variable Frequency Drives Market Size, By Voltage, 2014–2021 (USD Million)
Table 4 Low Voltage Variable Frequency Drives Market Size, By Region, 2014–2021 (USD Million)
Table 5 Medium Voltage Variable Frequency Drives Used By Different End-Use Industries
Table 6 Medium Voltage Variable Frequency Drives Market Size, By Region, 2014–2021 (USD Million)
Table 7 Variable Frequency Drives Market Size, By Application, 2014–2021 (USD Million)
Table 8 Pumps Market Size, By Region, 2014-2021 (USD Million)
Table 9 Fans Market Size, By Region, 2014-2021 (USD Million)
Table 10 Compressors Market Size, By Region, 2014-2021 (USD Million)
Table 11 Conveyors Market Size, By Region, 2014-2021 (USD Million)
Table 12 Extruders Market Size, By Region, 2014-2021 (USD Million)
Table 13 Others Market Size, By Region, 2014-2021 (USD Million)
Table 14 Variable Frequency Drives Market Size, By Type, 2014–2021 (USD Million)
Table 15 AC Drive Market Size, By Region, 2014-2021 (USD Million)
Table 16 DC Drive Market Size, By Region, 2014-2021 (USD Million)
Table 17 Servo Drive Market Size, By Region, 2014-2021 (USD Million)
Table 18 Variable Frequency Drives Market Size, By Power Rating, 2014–2021 (USD Million)
Table 19 Micro Power Variable Frequency Drives Market Size, By Region, 2014–2021 (USD Million)
Table 20 Low Power Variable Frequency Drives Market Size, By Region, 2014–2021 (USD Million)
Table 21 Medium Power Variable Frequency Drives Market Size, By Region, 2014–2021 (USD Million)
Table 22 High Power Variable Frequency Drives Market Size, By Region, 2014–2021 (USD Million)
Table 23 Variable Frequency Drives Market Size, By Region, 2014–2021 (USD Million)
Table 24 Asia-Pacific: Variable Frequency Drives Market Size, By Voltage, 2014-2021 (USD Million)
Table 25 Asia-Pacific: Variable Frequency Drives Market Size, By Application, 2014-2021 (USD Million)
Table 26 Asia-Pacific: Variable Frequency Drives Market Size, By Power Rating, 2014-2021 (USD Million)
Table 27 Asia-Pacific: Variable Frequency Drives Market Size, By Type, 2014-2021 (USD Million)
Table 28 Asia-Pacific: Variable Frequency Drives Market Size, By Country, 2014-2021 (USD Million)
Table 29 China: Variable Frequency Drives Market Size, By Voltage, 2014-2021 (USD Million)
Table 30 Japan: Variable Frequency Drives Market Size, By Voltage, 2014-2021 (USD Million)
Table 31 India: Variable Frequency Drives Market Size, By Voltage, 2014-2021 (USD Million)
Table 32 Australia: Variable Frequency Drives Market Size, By Voltage, 2014-2021 (USD Million)
Table 33 Indonesia: Variable Frequency Drives Market Size, By Voltage, 2014-2021 (USD Million)
Table 34 South Korea: Variable Frequency Drives Market Size, By Voltage, 2014-2021 (USD Million)
Table 35 Rest of Asia-Pacific: Variable Frequency Drives Market Size, By Voltage, 2014-2021 (USD Million)
Table 36 Europe: Variable Frequency Drives Market Size, By Voltage, 2014-2021 (USD Million)
Table 37 Europe: Variable Frequency Drives Market Size, By Application, 2014-2021 (USD Million)
Table 38 Europe: Variable Frequency Drives Market Size, By Power Rating, 2014-2021 (USD Million)
Table 39 Europe: Variable Frequency Drives Market Size, By Type, 2014-2021 (USD Million)
Table 40 Europe: Variable Frequency Drives Market Size, By Country, 2014-2021 (USD Million)
Table 41 Germany: Variable Frequency Drives Market Size, By Voltage, 2014-2021 (USD Million)
Table 42 France: Variable Frequency Drives Market Size, By Voltage, 2014-2021 (USD Million)
Table 43 Russia: Variable Frequency Drives Market Size, By Voltage, 2014-2021 (USD Million)
Table 44 U.K.: Variable Frequency Drives Market Size, By Voltage, 2014-2021 (USD Million)
Table 45 Italy: Variable Frequency Drives Market Size, By Voltage, 2014-2021 (USD Million)
Table 46 Spain: Variable Frequency Drives Market Size, By Voltage, 2014-2021 (USD Million)
Table 47 Rest of Europe: Variable Frequency Drives Market Size, By Voltage, 2014-2021 (USD Million)
Table 48 North America: Variable Frequency Drives Market Size, By Voltage, 2014-2021 (USD Million)
Table 49 North America: Variable Frequency Drives Market Size, By Application, 2014-2021 (USD Million)
Table 50 North America: Variable Frequency Drives Market Size, By Power Rating, 2014-2021 (USD Million)
Table 51 North America: Variable Frequency Drives Market Size, By Type, 2014-2021 (USD Million)
Table 52 North America: Variable Frequency Drives Market Size, By Country, 2014-2021 (USD Million)
Table 53 U.S.: Variable Frequency Drives Market Size, By Voltage, 2014-2021 (USD Million)
Table 54 Canada: Variable Frequency Drives Market Size, By Voltage, 2014-2021 (USD Million)
Table 55 Mexico: Variable Frequency Drives Market Size, By Voltage, 2014-2021 (USD Million)
Table 56 Middle East: Variable Frequency Drives Market Size, By Voltage, 2014-2021 (USD Million)
Table 57 Middle East: Variable Frequency Drives Market Size, By Application, 2014-2021 (USD Million)
Table 58 Middle East: Variable Frequency Drives Market Size, By Power Rating, 2014-2021 (USD Million)
Table 59 Middle East: Variable Frequency Drives Market Size, By Type, 2014-2021 (USD Million)
Table 60 Middle East: Variable Frequency Drives Market Size, By Country, 2014-2021 (USD Million)
Table 61 Saudi Arabia: Variable Frequency Drives Market Size, By Voltage, 2014-2021 (USD Million)
Table 62 UAE: Variable Frequency Drives Market Size, By Voltage, 2014-2021 (USD Million)
Table 63 Qatar: Variable Frequency Drives Market Size, By Voltage, 2014-2021 (USD Million)
Table 64 Kuwait: Variable Frequency Drives Market Size, By Voltage, 2014-2021 (USD Million)
Table 65 Oman: Variable Frequency Drives Market Size, By Voltage, 2014-2021 (USD Million)
Table 66 Rest of Middle East: Variable Frequency Drives Market Size, By Voltage, 2014-2021 (USD Million)
Table 67 Africa: Variable Frequency Drives Market Size, By Voltage, 2014-2021 (USD Million)
Table 68 Africa: Variable Frequency Drives Market Size, By Application, 2014-2021 (USD Million)
Table 69 Africa: Variable Frequency Drives Market Size, By Power Rating, 2014-2021 (USD Million)
Table 70 Africa: Variable Frequency Drives Market Size, By Type, 2014-2021 (USD Million)
Table 71 Africa: Variable Frequency Drives Market Size, By Country, 2014-2021 (USD Million)
Table 72 South Africa: Variable Frequency Drives Market Size, By Voltage, 2014-2021 (USD Million)
Table 73 Egypt: Variable Frequency Drives Market Size, By Voltage, 2014-2021 (USD Million)
Table 74 Nigeria: Variable Frequency Drives Market Size, By Voltage, 2014-2021 (USD Million)
Table 75 Rest of Africa: Variable Frequency Drives Market Size, By Voltage, 2014-2021 (USD Million)
Table 76 South America: Variable Frequency Drives Market Size, By Voltage, 2014-2021 (USD Million)
Table 77 South America: Variable Frequency Drives Market Size, By Application, 2014-2021 (USD Million)
Table 78 South America: Variable Frequency Drives Market Size, By Power Rating, 2014-2021 (USD Million)
Table 79 South America: Variable Frequency Drives Market Size, By Type, 2014-2021 (USD Million)
Table 80 South America: Variable Frequency Drives Market Size, By Country, 2014-2021 (USD Million)
Table 81 Brazil: Variable Frequency Drives Market Size, By Voltage, 2014-2021 (USD Million)
Table 82 Argentina: Variable Frequency Drives Market Size, By Voltage, 2014-2021 (USD Million)
Table 83 Chile: Variable Frequency Drives Market Size, By Voltage, 2014-2021 (USD Million)
Table 84 Rest of South America: Variable Frequency Drives Market Size, By Voltage, 2014-2021 (USD Million)
Table 85 Expansions, 2012-2016
Table 86 New Product/Service/Technology Developments, 2012-2015
Table 87 Mergers & Acquisitions, 2012-2016
Table 88 Contracts & Agreements, 2012-2016
Table 89 Other Developments, 2012-2016

List of Figures

Figure 1 Markets Covered: Variable Frequency Drives Market
Figure 2 Variable Frequency Drives Market: Research Design
Figure 3 Breakdown of Primary Interviews: By Company Type, Designation, & Region
Figure 4 Market Size Estimation Methodology: Bottom-Up Approach
Figure 5 Market Size Estimation Methodology: Top-Down Approach
Figure 6 Market Estimation Approach & Data Triangulation Methodology
Figure 7 Asia-Pacific Occupied the Largest Market Share (Value) in 2015
Figure 8 Variable Frequency Drives Market Share (Value), By Voltage, 2015
Figure 9 Variable Frequency Drives Market Snapshot: Asia-Pacific is Expected to Exhibit the Highest Growth Rate in the Next Five Years
Figure 10 Variable Frequency Drives Market Share (Value), By Power Rating, 2016 and 2021
Figure 11 Increasing Urbanization, Industrialization, & Need for Energy Saving are Expected to Drive the Demand for Variable Frequency Drives During the Forecast Period
Figure 12 Asia-Pacific and the Middle East & Africa are Expected to Grow at A Fast Pace During the Forecast Period
Figure 13 The Chinese Variable Frequency Drives Market is Projected to Hold the Largest Share in Asia-Pacific During the Forecast Period
Figure 14 Low Voltage Variable Frequency Drives Accounted for the Largest Market Share in 2014
Figure 15 The Asia-Pacific Market is Expected to Grow at the Highest Rate During the Forecast Period
Figure 16 Variable Frequency Drives Market Segmentation: By Voltage Level, Application, Power Rating, Type, & Region
Figure 17 Market Dynamics for Variable Frequency Drives Market
Figure 18 Urbanization Trend
Figure 19 Industrial Electricity Prices, Europe, 2011-2014
Figure 20 Motor Efficiency Regulations: A Timeline
Figure 21 Global Motor Efficiency Standards
Figure 22 Decline in Brent Crude Oil Prices Since Mid 2014
Figure 23 Supply Chain Analysis: Major Value is Added During the Manufacturing & Assembly Phase
Figure 24 Porter’s Five Forces Analysis: Variable Frequency Drives Market
Figure 25 Low Voltage Variable Frequency Drives Held the Largest Market Share in 2014
Figure 26 The Medium Voltage Variable Frequency Drives Segment is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 27 Global Snapshot: the AC Type Segment is Expected to Dominate the Variable Frequency Drives Market During the Forecast Period
Figure 28 Application vs Industry Matrix
Figure 29 Low Power Variable Frequency Drives Held the Largest Market Share ((Value) in 2014
Figure 30 Asia-Pacific is Expected to Be the Fastest Growing Region in Low Power Variable Frequency Drives During the Forecast Period
Figure 31 Medium Power Variable Frequency Drives Market Share (Value), By Region, 2014
Figure 32 High Power Variable Frequency Drives Market Share (Value), By Region, 2014
Figure 33 Variable Frequency Drives Market Share (Value), By Region, 2015
Figure 34 Regional Snapshot – Growth Rate of Variable Frequency Drives Market in Majorcountries, 2016–2021
Figure 35 Asia-Pacific: Variable Frequency Drives Market Overview (2015)
Figure 36 Europe: Variable Frequency Drives Market Overview (2015)
Figure 37 Top Companies Adopted Expansions and Mergers & Acquisition to Capture the Market
Figure 38 Market Leaders Based on Developments, 2012-2016
Figure 39 Market Evaluation Framework: New Product Launches, Contracts & Agreements, and Mergers & Acquisitions Have Fueled the Growth of Companies During 2012-2016
Figure 40 Regional Revenue Mix of Top Five Players
Figure 41 ABB Ltd.: Company Snapshot
Figure 42 SWOT Analysis: ABB Ltd.
Figure 43 Schneider Electric Co.: Company Snapshot
Figure 44 SWOT Analysis: Schneider
Figure 45 Siemens AG: Company Snapshot
Figure 46 SWOT Analysis: Siemens
Figure 47 General Electric Company: Company Snapshot
Figure 48 SWOT Analysis: GE
Figure 49 Emerson Electric Co: Company Snapshot
Figure 50 SWOT Analysis: Emerson
Figure 51 Mitsubishi Electrical Co. Ltd.: Company Snapshot
Figure 52 Eaton Corporation PLC. Company Snapshot
Figure 52 Fuji Electric: Company Snapshot
Figure 53 Danfoss: Company Snapshot
Figure 54 Hitachi Ltd.: Company Snapshot
Figure 55 RockWell Automation: Company Snapshot
Figure 56 Toshiba International Corporation: Company Snapshot
Figure 57 Honeywell International Inc.: Company Snapshot
Figure 58 Crompton Greaves Limited: Company Snapshot

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