Variable Speed Drive Market Forecast (2025-2031), Size, Share
The Variable Speed Drive Market is expected to register a CAGR of 5.4% from 2024 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031.
The report is segmented by Voltage (Low Voltage, Medium Voltage); Type (AC Drives, DC Drives, Servo Drives); Power (Micro-Power Drives, Low-Power Drives, Medium-Power Drives, High-Power Drives); Application (Pumps, Fans, Compressors, Conveyors, Others); End-User (Oil and Gas, Industrial, Infrastructure, Power Generation). The global analysis is further broken-down at regional level and major countries. The Report Offers the Value in USD for the above analysis and segments.
Purpose of the ReportThe report Variable Speed Drive Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Variable Speed Drive Market Segmentation
Voltage- Low Voltage
- Medium Voltage
- AC Drives
- DC Drives
- Servo Drives
- Micro-Power Drives
- Low-Power Drives
- Medium-Power Drives
- High-Power Drives
- Pumps
- Fans
- Compressors
- Conveyors
- Others
- Oil and Gas
- Industrial
- Infrastructure
- Power Generation
Strategic Insights
Variable Speed Drive Market Growth Drivers- Energy Efficiency and Cost Reduction: VSDs help regulate the speed of motors, leading to reduced energy consumption. This is particularly important in industries where motor-driven equipment operates continuously (e.g., pumps, fans, compressors). By using VSDs to optimize motor performance, companies can significantly reduce electricity costs, which are a major part of operational expenditures.
- Environmental Regulations and Sustainability Goals: Another key driver is the growing focus on environmental sustainability and adherence to stricter environmental regulations. Governments and industries are under pressure to reduce carbon emissions and minimize energy consumption to meet climate change mitigation goals. VSDs, by optimizing the operation of motors and machinery, contribute to these efforts by reducing energy wastage and lowering greenhouse gas emissions. As sustainability becomes a higher priority in both developed and emerging economies, the demand for VSDs continues to grow as a way to meet these environmental requirements.
- Integration with IoT and Industry 4.0 Technologies: A significant trend in the VSD market is the integration of Variable Speed Drives with the Internet of Things (IoT) and Industry 4.0 technologies. By embedding VSDs with IoT sensors, communication capabilities, and data analytics, manufacturers can enable real-time monitoring, predictive maintenance, and remote control of their systems. This integration allows for more efficient and proactive management of motor-driven applications, enhancing system reliability and reducing downtime. As more industries adopt digital transformation strategies, the demand for smart VSD systems that can be integrated into automated industrial environments is increasing.
- Development of Eco-Friendly and Compact VSD Solutions: Another key trend is the growing demand for eco-friendly and compact VSD solutions. As industries move toward more sustainable and space-efficient solutions, manufacturers are focusing on developing VSDs with lower environmental impact and smaller footprints. These include products that use eco-friendly materials, minimize energy losses, and feature energy recovery systems. The trend towards miniaturization also helps in applications where space is a constraint, such as in renewable energy systems or electric vehicles, where compact and energy-efficient VSDs are needed for optimized performance and reduced environmental impact.
- Growth in Renewable Energy and Electrification Projects: The ongoing growth of renewable energy sources such as wind and solar, along with the transition to electrification in various sectors (e.g., electric vehicles and electric heating), presents significant opportunities for the VSD market. VSDs are essential in managing the variability of renewable energy sources and improving the efficiency of renewable energy systems, such as wind turbines and solar power plants. In electrification projects, VSDs can optimize the performance of electric motors and other electrical systems, helping to ensure stable and efficient operation, creating new growth opportunities in these industries.
- Expansion in Emerging Markets and Industrialization: The rapid industrialization and urbanization in emerging markets, particularly in Asia-Pacific, the Middle East, and Africa, offer a major growth opportunity for the VSD market. As these regions invest in new infrastructure, industrial plants, and smart buildings, VSDs are becoming increasingly important to optimize energy usage in manufacturing, transportation, and utilities. Additionally, with industries in these regions becoming more energy-conscious and cost-focused, VSDs are being integrated into new systems to improve operational efficiency and sustainability, driving the market expansion.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Variable Speed Drive Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Variable Speed Drive Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Frequently Asked Questions
Some of the customization options available based on the request are an additional 3-5 company profiles and country-specific analysis of 3-5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation# as our team would review the same and check the feasibility
The report can be delivered in PDF/PPT format; we can also share excel dataset based on the request
Technological innovations in VSDs is anticipated to play a significant role in the global Variable Speed Drive market in the coming years
The major factors driving the Variable Speed Drive market are Energy Efficiency and Cost Reduction and Growth in Industrial Applications.
The Variable Speed Drive Market is estimated to witness a CAGR of 5.4% from 2023 to 2031
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Variable Speed Drive Market - By Voltage
1.3.2 Variable Speed Drive Market - By Type
1.3.3 Variable Speed Drive Market - By Power
1.3.4 Variable Speed Drive Market - By Application
1.3.5 Variable Speed Drive Market - By End-User
1.3.6 Variable Speed Drive Market - By Region
1.3.6.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. VARIABLE SPEED DRIVE MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. VARIABLE SPEED DRIVE MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. VARIABLE SPEED DRIVE MARKET - GLOBAL MARKET ANALYSIS
6.1. VARIABLE SPEED DRIVE - GLOBAL MARKET OVERVIEW
6.2. VARIABLE SPEED DRIVE - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. VARIABLE SPEED DRIVE MARKET - REVENUE AND FORECASTS TO 2028 - VOLTAGE
7.1. OVERVIEW
7.2. VOLTAGE MARKET FORECASTS AND ANALYSIS
7.3. LOW VOLTAGE
7.3.1. Overview
7.3.2. Low Voltage Market Forecast and Analysis
7.4. MEDIUM VOLTAGE
7.4.1. Overview
7.4.2. Medium Voltage Market Forecast and Analysis
8. VARIABLE SPEED DRIVE MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
8.1. OVERVIEW
8.2. TYPE MARKET FORECASTS AND ANALYSIS
8.3. AC DRIVES
8.3.1. Overview
8.3.2. AC Drives Market Forecast and Analysis
8.4. DC DRIVES
8.4.1. Overview
8.4.2. DC Drives Market Forecast and Analysis
8.5. SERVO DRIVES
8.5.1. Overview
8.5.2. Servo Drives Market Forecast and Analysis
9. VARIABLE SPEED DRIVE MARKET - REVENUE AND FORECASTS TO 2028 - POWER
9.1. OVERVIEW
9.2. POWER MARKET FORECASTS AND ANALYSIS
9.3. MICRO-POWER DRIVES
9.3.1. Overview
9.3.2. Micro-Power Drives Market Forecast and Analysis
9.4. LOW-POWER DRIVES
9.4.1. Overview
9.4.2. Low-Power Drives Market Forecast and Analysis
9.5. MEDIUM-POWER DRIVES
9.5.1. Overview
9.5.2. Medium-Power Drives Market Forecast and Analysis
9.6. HIGH-POWER DRIVES
9.6.1. Overview
9.6.2. High-Power Drives Market Forecast and Analysis
10. VARIABLE SPEED DRIVE MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
10.1. OVERVIEW
10.2. APPLICATION MARKET FORECASTS AND ANALYSIS
10.3. PUMPS
10.3.1. Overview
10.3.2. Pumps Market Forecast and Analysis
10.4. FANS
10.4.1. Overview
10.4.2. Fans Market Forecast and Analysis
10.5. COMPRESSORS
10.5.1. Overview
10.5.2. Compressors Market Forecast and Analysis
10.6. CONVEYORS
10.6.1. Overview
10.6.2. Conveyors Market Forecast and Analysis
10.7. OTHERS
10.7.1. Overview
10.7.2. Others Market Forecast and Analysis
11. VARIABLE SPEED DRIVE MARKET - REVENUE AND FORECASTS TO 2028 - END-USER
11.1. OVERVIEW
11.2. END-USER MARKET FORECASTS AND ANALYSIS
11.3. OIL AND GAS
11.3.1. Overview
11.3.2. Oil and Gas Market Forecast and Analysis
11.4. INDUSTRIAL
11.4.1. Overview
11.4.2. Industrial Market Forecast and Analysis
11.5. INFRASTRUCTURE
11.5.1. Overview
11.5.2. Infrastructure Market Forecast and Analysis
11.6. POWER GENERATION
11.6.1. Overview
11.6.2. Power Generation Market Forecast and Analysis
12. VARIABLE SPEED DRIVE MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
12.1. NORTH AMERICA
12.1.1 North America Variable Speed Drive Market Overview
12.1.2 North America Variable Speed Drive Market Forecasts and Analysis
12.1.3 North America Variable Speed Drive Market Forecasts and Analysis - By Voltage
12.1.4 North America Variable Speed Drive Market Forecasts and Analysis - By Type
12.1.5 North America Variable Speed Drive Market Forecasts and Analysis - By Power
12.1.6 North America Variable Speed Drive Market Forecasts and Analysis - By Application
12.1.7 North America Variable Speed Drive Market Forecasts and Analysis - By End-User
12.1.8 North America Variable Speed Drive Market Forecasts and Analysis - By Countries
12.1.8.1 Canada Variable Speed Drive Market
12.1.8.1.1 Canada Variable Speed Drive Market by Voltage
12.1.8.1.2 Canada Variable Speed Drive Market by Type
12.1.8.1.3 Canada Variable Speed Drive Market by Power
12.1.8.1.4 Canada Variable Speed Drive Market by Application
12.1.8.1.5 Canada Variable Speed Drive Market by End-User
12.1.8.2 Mexico Variable Speed Drive Market
12.1.8.2.1 Mexico Variable Speed Drive Market by Voltage
12.1.8.2.2 Mexico Variable Speed Drive Market by Type
12.1.8.2.3 Mexico Variable Speed Drive Market by Power
12.1.8.2.4 Mexico Variable Speed Drive Market by Application
12.1.8.2.5 Mexico Variable Speed Drive Market by End-User
12.1.8.3 US Variable Speed Drive Market
12.1.8.3.1 US Variable Speed Drive Market by Voltage
12.1.8.3.2 US Variable Speed Drive Market by Type
12.1.8.3.3 US Variable Speed Drive Market by Power
12.1.8.3.4 US Variable Speed Drive Market by Application
12.1.8.3.5 US Variable Speed Drive Market by End-User
12.2. EUROPE
12.2.1 Europe Variable Speed Drive Market Overview
12.2.2 Europe Variable Speed Drive Market Forecasts and Analysis
12.2.3 Europe Variable Speed Drive Market Forecasts and Analysis - By Voltage
12.2.4 Europe Variable Speed Drive Market Forecasts and Analysis - By Type
12.2.5 Europe Variable Speed Drive Market Forecasts and Analysis - By Power
12.2.6 Europe Variable Speed Drive Market Forecasts and Analysis - By Application
12.2.7 Europe Variable Speed Drive Market Forecasts and Analysis - By End-User
12.2.8 Europe Variable Speed Drive Market Forecasts and Analysis - By Countries
12.2.8.1 Germany Variable Speed Drive Market
12.2.8.1.1 Germany Variable Speed Drive Market by Voltage
12.2.8.1.2 Germany Variable Speed Drive Market by Type
12.2.8.1.3 Germany Variable Speed Drive Market by Power
12.2.8.1.4 Germany Variable Speed Drive Market by Application
12.2.8.1.5 Germany Variable Speed Drive Market by End-User
12.2.8.2 France Variable Speed Drive Market
12.2.8.2.1 France Variable Speed Drive Market by Voltage
12.2.8.2.2 France Variable Speed Drive Market by Type
12.2.8.2.3 France Variable Speed Drive Market by Power
12.2.8.2.4 France Variable Speed Drive Market by Application
12.2.8.2.5 France Variable Speed Drive Market by End-User
12.2.8.3 Italy Variable Speed Drive Market
12.2.8.3.1 Italy Variable Speed Drive Market by Voltage
12.2.8.3.2 Italy Variable Speed Drive Market by Type
12.2.8.3.3 Italy Variable Speed Drive Market by Power
12.2.8.3.4 Italy Variable Speed Drive Market by Application
12.2.8.3.5 Italy Variable Speed Drive Market by End-User
12.2.8.4 United Kingdom Variable Speed Drive Market
12.2.8.4.1 United Kingdom Variable Speed Drive Market by Voltage
12.2.8.4.2 United Kingdom Variable Speed Drive Market by Type
12.2.8.4.3 United Kingdom Variable Speed Drive Market by Power
12.2.8.4.4 United Kingdom Variable Speed Drive Market by Application
12.2.8.4.5 United Kingdom Variable Speed Drive Market by End-User
12.2.8.5 Russia Variable Speed Drive Market
12.2.8.5.1 Russia Variable Speed Drive Market by Voltage
12.2.8.5.2 Russia Variable Speed Drive Market by Type
12.2.8.5.3 Russia Variable Speed Drive Market by Power
12.2.8.5.4 Russia Variable Speed Drive Market by Application
12.2.8.5.5 Russia Variable Speed Drive Market by End-User
12.2.8.6 Rest of Europe Variable Speed Drive Market
12.2.8.6.1 Rest of Europe Variable Speed Drive Market by Voltage
12.2.8.6.2 Rest of Europe Variable Speed Drive Market by Type
12.2.8.6.3 Rest of Europe Variable Speed Drive Market by Power
12.2.8.6.4 Rest of Europe Variable Speed Drive Market by Application
12.2.8.6.5 Rest of Europe Variable Speed Drive Market by End-User
12.3. ASIA-PACIFIC
12.3.1 Asia-Pacific Variable Speed Drive Market Overview
12.3.2 Asia-Pacific Variable Speed Drive Market Forecasts and Analysis
12.3.3 Asia-Pacific Variable Speed Drive Market Forecasts and Analysis - By Voltage
12.3.4 Asia-Pacific Variable Speed Drive Market Forecasts and Analysis - By Type
12.3.5 Asia-Pacific Variable Speed Drive Market Forecasts and Analysis - By Power
12.3.6 Asia-Pacific Variable Speed Drive Market Forecasts and Analysis - By Application
12.3.7 Asia-Pacific Variable Speed Drive Market Forecasts and Analysis - By End-User
12.3.8 Asia-Pacific Variable Speed Drive Market Forecasts and Analysis - By Countries
12.3.8.1 Australia Variable Speed Drive Market
12.3.8.1.1 Australia Variable Speed Drive Market by Voltage
12.3.8.1.2 Australia Variable Speed Drive Market by Type
12.3.8.1.3 Australia Variable Speed Drive Market by Power
12.3.8.1.4 Australia Variable Speed Drive Market by Application
12.3.8.1.5 Australia Variable Speed Drive Market by End-User
12.3.8.2 China Variable Speed Drive Market
12.3.8.2.1 China Variable Speed Drive Market by Voltage
12.3.8.2.2 China Variable Speed Drive Market by Type
12.3.8.2.3 China Variable Speed Drive Market by Power
12.3.8.2.4 China Variable Speed Drive Market by Application
12.3.8.2.5 China Variable Speed Drive Market by End-User
12.3.8.3 India Variable Speed Drive Market
12.3.8.3.1 India Variable Speed Drive Market by Voltage
12.3.8.3.2 India Variable Speed Drive Market by Type
12.3.8.3.3 India Variable Speed Drive Market by Power
12.3.8.3.4 India Variable Speed Drive Market by Application
12.3.8.3.5 India Variable Speed Drive Market by End-User
12.3.8.4 Japan Variable Speed Drive Market
12.3.8.4.1 Japan Variable Speed Drive Market by Voltage
12.3.8.4.2 Japan Variable Speed Drive Market by Type
12.3.8.4.3 Japan Variable Speed Drive Market by Power
12.3.8.4.4 Japan Variable Speed Drive Market by Application
12.3.8.4.5 Japan Variable Speed Drive Market by End-User
12.3.8.5 South Korea Variable Speed Drive Market
12.3.8.5.1 South Korea Variable Speed Drive Market by Voltage
12.3.8.5.2 South Korea Variable Speed Drive Market by Type
12.3.8.5.3 South Korea Variable Speed Drive Market by Power
12.3.8.5.4 South Korea Variable Speed Drive Market by Application
12.3.8.5.5 South Korea Variable Speed Drive Market by End-User
12.3.8.6 Rest of Asia-Pacific Variable Speed Drive Market
12.3.8.6.1 Rest of Asia-Pacific Variable Speed Drive Market by Voltage
12.3.8.6.2 Rest of Asia-Pacific Variable Speed Drive Market by Type
12.3.8.6.3 Rest of Asia-Pacific Variable Speed Drive Market by Power
12.3.8.6.4 Rest of Asia-Pacific Variable Speed Drive Market by Application
12.3.8.6.5 Rest of Asia-Pacific Variable Speed Drive Market by End-User
12.4. MIDDLE EAST AND AFRICA
12.4.1 Middle East and Africa Variable Speed Drive Market Overview
12.4.2 Middle East and Africa Variable Speed Drive Market Forecasts and Analysis
12.4.3 Middle East and Africa Variable Speed Drive Market Forecasts and Analysis - By Voltage
12.4.4 Middle East and Africa Variable Speed Drive Market Forecasts and Analysis - By Type
12.4.5 Middle East and Africa Variable Speed Drive Market Forecasts and Analysis - By Power
12.4.6 Middle East and Africa Variable Speed Drive Market Forecasts and Analysis - By Application
12.4.7 Middle East and Africa Variable Speed Drive Market Forecasts and Analysis - By End-User
12.4.8 Middle East and Africa Variable Speed Drive Market Forecasts and Analysis - By Countries
12.4.8.1 South Africa Variable Speed Drive Market
12.4.8.1.1 South Africa Variable Speed Drive Market by Voltage
12.4.8.1.2 South Africa Variable Speed Drive Market by Type
12.4.8.1.3 South Africa Variable Speed Drive Market by Power
12.4.8.1.4 South Africa Variable Speed Drive Market by Application
12.4.8.1.5 South Africa Variable Speed Drive Market by End-User
12.4.8.2 Saudi Arabia Variable Speed Drive Market
12.4.8.2.1 Saudi Arabia Variable Speed Drive Market by Voltage
12.4.8.2.2 Saudi Arabia Variable Speed Drive Market by Type
12.4.8.2.3 Saudi Arabia Variable Speed Drive Market by Power
12.4.8.2.4 Saudi Arabia Variable Speed Drive Market by Application
12.4.8.2.5 Saudi Arabia Variable Speed Drive Market by End-User
12.4.8.3 U.A.E Variable Speed Drive Market
12.4.8.3.1 U.A.E Variable Speed Drive Market by Voltage
12.4.8.3.2 U.A.E Variable Speed Drive Market by Type
12.4.8.3.3 U.A.E Variable Speed Drive Market by Power
12.4.8.3.4 U.A.E Variable Speed Drive Market by Application
12.4.8.3.5 U.A.E Variable Speed Drive Market by End-User
12.4.8.4 Rest of Middle East and Africa Variable Speed Drive Market
12.4.8.4.1 Rest of Middle East and Africa Variable Speed Drive Market by Voltage
12.4.8.4.2 Rest of Middle East and Africa Variable Speed Drive Market by Type
12.4.8.4.3 Rest of Middle East and Africa Variable Speed Drive Market by Power
12.4.8.4.4 Rest of Middle East and Africa Variable Speed Drive Market by Application
12.4.8.4.5 Rest of Middle East and Africa Variable Speed Drive Market by End-User
12.5. SOUTH AND CENTRAL AMERICA
12.5.1 South and Central America Variable Speed Drive Market Overview
12.5.2 South and Central America Variable Speed Drive Market Forecasts and Analysis
12.5.3 South and Central America Variable Speed Drive Market Forecasts and Analysis - By Voltage
12.5.4 South and Central America Variable Speed Drive Market Forecasts and Analysis - By Type
12.5.5 South and Central America Variable Speed Drive Market Forecasts and Analysis - By Power
12.5.6 South and Central America Variable Speed Drive Market Forecasts and Analysis - By Application
12.5.7 South and Central America Variable Speed Drive Market Forecasts and Analysis - By End-User
12.5.8 South and Central America Variable Speed Drive Market Forecasts and Analysis - By Countries
12.5.8.1 Brazil Variable Speed Drive Market
12.5.8.1.1 Brazil Variable Speed Drive Market by Voltage
12.5.8.1.2 Brazil Variable Speed Drive Market by Type
12.5.8.1.3 Brazil Variable Speed Drive Market by Power
12.5.8.1.4 Brazil Variable Speed Drive Market by Application
12.5.8.1.5 Brazil Variable Speed Drive Market by End-User
12.5.8.2 Argentina Variable Speed Drive Market
12.5.8.2.1 Argentina Variable Speed Drive Market by Voltage
12.5.8.2.2 Argentina Variable Speed Drive Market by Type
12.5.8.2.3 Argentina Variable Speed Drive Market by Power
12.5.8.2.4 Argentina Variable Speed Drive Market by Application
12.5.8.2.5 Argentina Variable Speed Drive Market by End-User
12.5.8.3 Rest of South and Central America Variable Speed Drive Market
12.5.8.3.1 Rest of South and Central America Variable Speed Drive Market by Voltage
12.5.8.3.2 Rest of South and Central America Variable Speed Drive Market by Type
12.5.8.3.3 Rest of South and Central America Variable Speed Drive Market by Power
12.5.8.3.4 Rest of South and Central America Variable Speed Drive Market by Application
12.5.8.3.5 Rest of South and Central America Variable Speed Drive Market by End-User
13. INDUSTRY LANDSCAPE
13.1. MERGERS AND ACQUISITIONS
13.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
13.3. NEW PRODUCT LAUNCHES
13.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
14. VARIABLE SPEED DRIVE MARKET, KEY COMPANY PROFILES
14.1. ABB LTD.
14.1.1. Key Facts
14.1.2. Business Description
14.1.3. Products and Services
14.1.4. Financial Overview
14.1.5. SWOT Analysis
14.1.6. Key Developments
14.2. CROMPTON GREAVES
14.2.1. Key Facts
14.2.2. Business Description
14.2.3. Products and Services
14.2.4. Financial Overview
14.2.5. SWOT Analysis
14.2.6. Key Developments
14.3. DANFOSS
14.3.1. Key Facts
14.3.2. Business Description
14.3.3. Products and Services
14.3.4. Financial Overview
14.3.5. SWOT Analysis
14.3.6. Key Developments
14.4. EMERSON ELECTRIC
14.4.1. Key Facts
14.4.2. Business Description
14.4.3. Products and Services
14.4.4. Financial Overview
14.4.5. SWOT Analysis
14.4.6. Key Developments
14.5. GENERAL ELECTRIC
14.5.1. Key Facts
14.5.2. Business Description
14.5.3. Products and Services
14.5.4. Financial Overview
14.5.5. SWOT Analysis
14.5.6. Key Developments
14.6. ROCKWELL AUTOMATION, INC.
14.6.1. Key Facts
14.6.2. Business Description
14.6.3. Products and Services
14.6.4. Financial Overview
14.6.5. SWOT Analysis
14.6.6. Key Developments
14.7. SCHNEIDER
14.7.1. Key Facts
14.7.2. Business Description
14.7.3. Products and Services
14.7.4. Financial Overview
14.7.5. SWOT Analysis
14.7.6. Key Developments
14.8. SIEMENS AG
14.8.1. Key Facts
14.8.2. Business Description
14.8.3. Products and Services
14.8.4. Financial Overview
14.8.5. SWOT Analysis
14.8.6. Key Developments
14.9. WEG
14.9.1. Key Facts
14.9.2. Business Description
14.9.3. Products and Services
14.9.4. Financial Overview
14.9.5. SWOT Analysis
14.9.6. Key Developments
14.10. YASKAWA ELECTRIC CORPORATION
14.10.1. Key Facts
14.10.2. Business Description
14.10.3. Products and Services
14.10.4. Financial Overview
14.10.5. SWOT Analysis
14.10.6. Key Developments
15. APPENDIX
15.1. ABOUT THE INSIGHT PARTNERS
15.2. GLOSSARY OF TERMS
1. ABB Ltd.
2. Crompton Greaves
3. Danfoss
4. Emerson Electric
5. General Electric
6. Rockwell Automation, Inc.
7. Schneider
8. Siemens AG
9. WEG
10. Yaskawa Electric Corporation
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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