The global variable frequency drive market size was valued at more than USD 22 billion and expected to register a significant CAGR over 6.2% during the forecast period 2020 to 2026. The increasing rate of urbanization and industrialization is increasing consumer demand, which will result in the growth of industrial and manufacturing sectors, leading to increased demand for VFDs in the forecast period. The market is segmented on the basis of product type, power range, application, end-use, and region. In the application segment, HVAC is expected to register the highest CAGR around 8% during the forecast period.



According to the recent report published by Research Corridor, the Global Variable Frequency Drives Market is expected to provide sustainable growth opportunities during the forecast period from 2019 to 2027. This latest industry research study analyzes the Variable Frequency Drives market by various product segments, applications, regions and countries while assessing regional performances of numerous leading market participants.

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The report titled "Variable Frequency Drives Market - Global Trends, Market Share, Industry Size, Growth, Opportunities, and Forecast - 2019 – 2027" offers a holistic view of the Variable Frequency Drives industry encompassing numerous stakeholders including raw material suppliers, providers, distributors, consumers and government agencies, among others. Furthermore, the report includes detailed quantitative and qualitative analysis of the global Variable Frequency Drives market considering market history, product development, regional dynamics, competitive landscape, and key success factors (KSFs) in the industry.

The report includes a deep-dive analysis of key countries including the U.S., Canada, the U.K., Germany, France, China, Japan, India, Australia, Mexico, Brazil and South Africa, among others. Thereby, the report identifies unique growth opportunities across the world based on trends occurring in various developed and developing economies.


Variable Frequency Drives Market report summarizes the positive growth rate in upcoming years, and market size with competitive analysis. Our experts have analyzed the historical data to compare with the current market scenario to calculate the market growth in the coming years. The study provides an exhaustive report that includes an executive summary, scope, and forecast of the market.

Key Questions Answered by Variable Frequency Drives Market Report

Product popularity and adoption based on various country-level dynamics
Regional presence and product development for leading market participants
Market forecasts and trend analysis based on ongoing investments and economic growth in key countries
Competitive landscape based on revenue, product offerings, years of presence, number of employees and market concentration, among others
number of employees and market concentration, among others

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List of Key Companies:

General Electric
Hitachi, Ltd.
Rockwell Automation, Inc.
Schneider Electric
Siemens AG
The Danfoss Group

Variable Frequency Drives Market Segmentation:


By Product Type:

AC Drives
DC Drives
Servo Drives

By Power Range:

Micro
Low
Medium
High

By Application:

Pumps
Electric Fans
Conveyors
HVAC
Extruders
Others

By End-Use:

Oil & Gas
Power Generation
Industrial
Infrastructure
Automotive
Food & Beverages
Others

By Geography Type

North America
Europe
Asia Pacific
Latin America
Middle East and Africa

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