Variable Frequency Drive Market Scope And Analysis

  • Report Code : TIPTE100000488
  • Category : Electronics and Semiconductor
  • No. of Pages : 150
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Variable Frequency Drive Market Scope and Growth by 2031

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Variable Frequency Drive Market Report Variable Frequency Drive Market Size and Share Variable Frequency Drive Market Scope and Analysis

Variable Frequency Drive Market Report Scope

Report Attribute Details
Market size in 2024 US$ 23.26 Billion
Market Size by 2031 US$ 34.01 Billion
Global CAGR (2025 - 2031) 5.6%
Historical Data 2021-2023
Forecast period 2025-2031
Segments Covered By Type
  • AC Drives
  • DC Drives
  • Servo Drives
By Voltage
  • Low Voltage
  • Medium Voltage
By Application
  • Pumps
  • Fans
  • Compressor
  • Conveyors
By End Users
  • Infrastructure
  • Power Generation
  • Industrial
  • Oil and Gas
Regions and Countries Covered North America
  • US
  • Canada
  • Mexico
Europe
  • UK
  • Germany
  • France
  • Russia
  • Italy
  • Rest of Europe
Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
South and Central America
  • Brazil
  • Argentina
  • Rest of South and Central America
Middle East and Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of Middle East and Africa
Market leaders and key company profiles
  • Fuji Electric Co Ltd
  • Mitsubishi Electric Corporation
  • Siemens AG
  • ABB Ltd
  • American Electric Technologies Inc AETI
  • General Electric Company
  • Hitachi Limited
  • Honeywell International Inc
  • Rockwell Automation Inc
  • Johnson Controls Inc

    • Variable Frequency Drive Market News and Recent Developments

    The variable frequency drive market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the variable frequency drive market are listed below:

    • Siemens AG launched Sinamics G220, a new high-performance frequency drives that join the Sinamics family in the run-up to Hannover Messe 2023. The innovative frequency drives are equipped with so-called clean power technology. This reduces harmonics by up to 97 percent without the need for line harmonic chokes or DC link chokes. (Source: Siemens AG, Company Website, March 2023)

    Variable Frequency Drive Market Report Coverage and Deliverables

    The “Variable Frequency Drive Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:

    • Variable frequency drive market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
    • Variable frequency drive market trends as well as market dynamics such as drivers, restraints, and key opportunities
    • Detailed PEST/Porter’s Five Forces and SWOT analysis
    • Variable frequency drive market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
    • Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the variable frequency drive market
    • Detailed company profiles