The global variable
frequency drive market is foreseen to grow by 5.1%, from USD 19.75 Billion in
2021 to USD 29.40 Billion in 2029. Increasing industrialization and growing
demand for energy efficiency, rising need for enhancing energy efficiency and
decreasing energy consumption, supportive regulatory environment for efficient
and effective energy utilization is to drive the market for the upcoming
forecast period. However, stagnant growth of oil & gas industry and decline
in exploration and production activities, increase in maintenance cost of
systems after implementation of variable frequency drives (VFDS) remains one
factor hindering the market growth over the anticipated period.
What Is Variable Frequency
An electric motor is contrived by a variable frequency
drive (VFD), a form of motor controller, by altering the frequency and voltage
provided to the electric motor. Variable speed drives (VFDs) are also referred
to as adjustable speed drives (ASDs), variable frequency drives (AFDs), AC
drives (drives), microdrives, and inverters.
variable frequency drive market search study helps to thoroughly
understand the current trend in the market competitive analysis of the players
in the emerging market. Moreover, the DRO in the variable frequency drive
market offers valuable perspicuity and a current scenario for making the right
decision. The research study covers the eminent players in the market with a
detailed analysis of the company and a financial overview containing their net
sales, business mix and geographical reach It mainly focuses on the key
developments of the products/services offered by the company in recent years.
Besides, we at Zettabyte have the expertise to analyses the global Variable
frequency drive market player's competitive landscape helping the client
comprehend their specific strategic growth approaches.
frequency drive market study by "Zettabyte Analytics" offers details
about the market scope, market segmentation, technological advancement in the variable
frequency drive market and highlights the optimistic, competitive landscape and
trends enduring over the years.
Major players in the
variable frequency drive market include A.S. Automation & Controls, ABB,
Anaheim Automation, Cg Power And Industrial Solutions Limited, Danfoss, Delta
Electronics, Eaton, Fuji Electric, General Electric, Hitachi, Honeywell
International, Inovance Technology, Nidec, Nord Drive Systems, Parker Hannifin,
Rockwell Automation, Saksun Industries, Schneider Electric, Sew - Eurodrive,
Shenzhen Gozuk, Siemens, Techsuppen, Tmeic, Weg Sa, Yaskawa.
COVID-19 Impact on Global Variable
Frequency Drive Market
The global impact
of COVID-19 has lost millions of lives with a massive cost to the healthcare
system. Moreover, the treatment cost for patients with COVID-19 has also had a
financial impact globally. the impact of COVID-19 on the Variable frequency
drive market has forced the companies to change their sourcing, pricing, and
promotion strategies. the Variable frequency drive market players are seen focusing
more on optimizing the e-commerce networks with the rising innovations in the
digital sector, which are creating new business models for the semiconductor
& electronics industry player.
provides market value for the base year 2021 and a yearly forecast from 2022 to
2029 in revenue (USD Million/ Billion). the market for each segment is present
in North America, Europe, Asia Pacific, Latin America, Middle East &
Africa, and the regional basis for the forecast mentioned above.
dynamics, regulatory scenarios, major material dynamics and Variable frequency
drive market future markets are analyzed to understand their impact on demand
for the forecast period. growth rates have been estimated using correlation,
regression and time-series analysis.
For the purpose
of this report, the global Variable frequency drive market segmented on the
basis of product type, voltage type, power rating type, application, industry, and
Product type Outlook:
On the basis of
product type, the market is segmented into ac drives, dc drives, servo drives.
Voltage Type Outlook:
On the basis of
voltage type, the market is segmented into low voltage, medium voltage.
Power Rating Type Outlook:
On the basis of
power rating type, the market is segmented into micro power drive, low power
drive, medium power drive, high power drive.
Figure 1 Variable Frequency Drive Market By Power
Rating Type (Market Size And Forecast By Value - USD Million, 2021 & 2029)