Global Variable Frequency Drives (VFD) Market – Share, Size, Trends, Growth and Forecast 2015-2022

Global Variable Frequency Drives (VFD) market is accounted for $18.12 billion in 2015 and is expected to reach $34.36 billion by 2022 growing at a CAGR of 9.5% during the forecast period. Increase in demand, price of the electricity, enlarging usage of variable frequency drives and following the best energy efficiency standards in manufacturing VFD are the major factors influencing the market growth. Whereas lack of investments on VFD is lagging back the market growth. As it has huge potential to replace, it provides ample of opportunities for the market to grow. However, healthy competition among the players in the market is challenge for market.

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Pumps in Variable Frequency Drives (VFD) application segment holds the largest share witnessing the highest CAGR during the forecast period because of rapid industrialisation, oil extraction and considerable growth of construction in developing countries. Asia Pacific is the largest market for variable frequency drives because of rapid industrialization, but Africa and Middle East regions have recorded the fastest growth during the forecast period.

Some of the key players in the market are Hitachi Ltd., Rockwell Automation Inc., American Electric Technologies Inc. (AETI), Fuji Electric Co. Ltd., ABB Ltd., GE Energy Power Conversion, Schneider Electric Co., Toshiba International Corporation, Mitsubishi Electric Corporation, Crompton Greaves Limited, Siemens AG, Honeywell International Inc., Johnson Controls Inc., Emerson Electric Co., Eaton Corporation Plc., and Danfoss.

Applications Covered:
Conveyors
Extruders
Pumps
Fans
Compressors
Extruder
Other Applications

Drive Types Covered:
DC Drive
Servo Drive
AC Drive

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Voltage Ranges Covered:
Medium Voltage (>691 V)
Low Voltage (0–690 V)

Components Covered:
Controller
Drive Controller
AC Motor
Operator Interface

Power Range covered:
High Power Drives (>200 kW)
Medium Power Drives (41 kW–200 kW)
Low Power Drives (6 kW–40 kW)
Micro Power Drives (0–5 kW)

Types of VFD covered:
Cycloconverter or matrix converter (MC)
Voltage-source inverter (VSI) Drive
Variable Torque Drive
Load commutated inverter (LCI) Drive
Current-source inverter (CSI) Drive
Constant Power Drive
Six-step inverter Drive
Doubly fed slip recovery system
Constant Torque Drive

End Users Covered:
Chemical processing
Manufacturing
Automotive
Oil & Gas
Infrastructure Development
Pulp & Papers
Mining & Metals
Power Generation
Food Processing
Other End Users

Regions Covered:
North America
US
Canada
Mexico
Europe
Germany
France
Italy
UK
Spain
Rest of Europe
Asia Pacific
Japan
China
India
Australia
New Zealand
Rest of Asia Pacific
Rest of the World
Middle East
Brazil
Argentina
South Africa
Egypt

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