Variable Frequency Drives Market Size by Regional Outlook, Business Share, Revenue Trends, And Forecast To 2022-2031

 In-depth Analysis and Data-driven Insights on the Impact of COVID-19 Included in this Variable Frequency Drives

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.

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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.

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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.

The dynamic nature of business environment in the current global economy is raising the need amongst business professionals to update themselves with current situations in the market. To cater such needs, Shibuya Data Count provides market research reports to various business professionals across different industry verticals, such as healthcare & pharmaceutical, IT & telecom, chemicals and advanced materials, consumer goods & food, energy & power, manufacturing & construction, industrial automation & equipment and agriculture & allied activities amongst others.

For more information, please contact:

Lauren Brown

Shibuya Data Count
Tel: + 81 50 50509159

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