Variable Speed Drive Market by Type (AC Drive, DC Drive, and Servo Drive), Voltage (Low voltage and Medium Voltage), Application (Compressor, Pump, Fan, and Others), and End User (Mining & Minerals, Waste & Wastewater, Food & Beverage, and Others)

The global variable speed drive market was valued at $18,004 million in 2016, and is projected to reach at $26,544 million by 2023, growing at a CAGR of 5.6% from 2023 to 2026. North America is dominate the global variable speed drive market during the forecast period. In addition, in 2016, China dominated the market in Asia-Pacific. Similarly, the U.S. is expected to dominate the market in North America, and the UK is projected to lead in the European region during the forecast period.

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At present, North America dominates this market. In 2023, China is expected to register the highest growth in Asia-Pacific. Similarly, the UK is expected to lead the overall market in the European region during the forecast period. Presently, the U.S. is expected to dominate the North American market.

Increase in urbanization and industrialization in the emerging countries such as India, China, Brazil, and others drive the demand for the variable speed drive market. Further, the growth in need for energy efficiency, rise in trend of industrial automation, and reduction in operating costs of any intensive industry fuel the market growth. However, high cost of deployment is expected restrain the growth of the market.

In 2016, the low voltage segment dominated the global variable speed drive market, in terms of revenue. However, based on application system, pump is projected to dominate the global market, followed by fan in 2023.

The key players profiled in the report include ABB Ltd., Siemens AG, Rockwell Automation, Inc., Yaskawa Electric Corporation, General Electric, Crompton Greaves, WEG, Schneider, Emerson Electric, and Danfoss.

LIST OF FIGURES

FIGURE 01. GLOBAL VARIABLE SPEED DRIVES MARKET, 2016-2023
FIGURE 02. GLOBAL VARIABLE SPEED DRIVES MARKET, BY REGION, 2016-2023
FIGURE 03. TOP INVESTMENT POCKETS: VARIABLE SPEED DRIVES MARKET
FIGURE 04. TOP WINNING STRATEGIES, BY YEAR 2014-2017*
FIGURE 05. TOP WINNING STRATEGIES, BY DEVELOPMENT 2014-2017 (%)
FIGURE 06. TOP WINNING STRATEGIES, BY COMPANY 2014-2017 (%)
FIGURE 07. MODERATE BARGAINING POWER OF BUYERS
FIGURE 08. MODERATE BARGAINING POWER OF SUPPLIERS
FIGURE 09. HIGH-TO-MODERATE OF NEW ENTRANTS
FIGURE 10. MODERATE OF SUBSTITUTES
FIGURE 11. MODERATE COMPETITIVE RIVALARY
FIGURE 12. MARKET SHARE ANALYSIS: VARIABLE SPEED DRIVES MARKET, 2015
FIGURE 13. GLOBAL VARIOABLE SPEED DRIVES MARKET, BY TYPE, 2016-2023

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FIGURE 14. COMPARATIVE ANALYSIS OF AC DRIVE MARKET BY COUNTRY, 2016 & 2023 (%)
FIGURE 15. COMPARATIVE ANALYSIS OF DC DRIVE MARKET BY COUNTRY, 2016 & 2023 (%)
FIGURE 16. COMPARATIVE ANALYSIS OF SERVO DRIVE MARKET BY COUNTRY, 2016 & 2023 (%)
FIGURE 17. GLOBAL VARIOABLE SPEED DRIVES MARKET, BY VOLTAGE, 2016-2023
FIGURE 18. COMPARATIVE ANALYSIS OF LOW VOLTAGE MARKET BY COUNTRY, 2016 & 2023 (%)
FIGURE 19. COMPARATIVE ANALYSIS OF MEDIUM VOLTAGE MARKET BY COUNTRY, 2016 & 2023 (%)
FIGURE 20. GLOBAL VARIOABLE SPEED DRIVES MARKET, BY APPLICATION, 2016-2023
FIGURE 21. COMPARATIVE ANALYSIS OF COMPRESSOR MARKET BY COUNTRY, 2016 & 2023 (%)
FIGURE 22. COMPARATIVE ANALYSIS OF PUMP MARKET BY COUNTRY, 2016 & 2023 (%)
FIGURE 23. COMPARATIVE ANALYSIS OF FAN MARKET BY COUNTRY, 2016 & 2023 (%)
FIGURE 24. COMPARATIVE ANALYSIS OF OTHERS MARKET BY COUNTRY, 2016 & 2023 (%)
FIGURE 25. GLOBAL VARIOABLE SPEED DRIVES MARKET, BY END-USER, 2016-2023
FIGURE 26. COMPARATIVE ANALYSIS OF MINING & MINERALS MARKET BY COUNTRY, 2016 & 2023 (%)
FIGURE 27. COMPARATIVE ANALYSIS OF WASTE & WASTEWATER MARKET BY COUNTRY, 2016 & 2023 (%)
FIGURE 28. COMPARATIVE ANALYSIS OF FOOD & BEVERAGE MARKET BY COUNTRY, 2016 & 2023 (%)
FIGURE 29. COMPARATIVE ANALYSIS OF OTHERS MARKET BY COUNTRY, 2016 & 2023 (%)
FIGURE 30. GLOBAL VARIOABLE SPEED DRIVES MARKET, BY REGION, 2016-2023
FIGURE 31. GLOBAL VARIOABLE SPEED DRIVES MARKET, BY COUNTRY, 2016-2023
FIGURE 32. EUROPE VARIOABLE SPEED DRIVES MARKET, BY COUNTRY, 2016-2023
FIGURE 33. ASIA-PACIFIC VARIABLE SPEED DRIVES MARKET, BY COUNTRY, 2016-2023
FIGURE 34. LAMEA VARIABLE SPEED DRIVES MARKET, BY COUNTRY, 2016-2023
FIGURE 35. SIEMENS AG.: REVENUE, 2014-2016 ($MILLION)
FIGURE 36. SIEMENS AG. : REVENUE SHARE BY SEGMENT, 2016 (%)
FIGURE 37. SIEMENS AG. REVENUE SHARE BY GEOGRAPHY, 2016 (%)
FIGURE 38. SIEMENS AG.: REVENUE, 2014-2016 ($MILLION)
FIGURE 39. SIEMENS AG. : REVENUE SHARE BY SEGMENT, 2016 (%)
FIGURE 40. SIEMENS AG. REVENUE SHARE BY GEOGRAPHY, 2016 (%)
FIGURE 41. ROCKWELL AUTOMATION, INC., REVENUE, 2014-2016 ($MILLION)
FIGURE 42. ROCKWELL AUTOMATION, INC., REVENUE SHARE BY SEGMENT, 2016 (%)
FIGURE 43. ROCKWELL AUTOMATION, INC., REVENUE SHARE BY GEOGRAPHY, 2016 (%)
FIGURE 44. YASKAWA ELECTRIC CORPORATION :NET SALES, 2014-2016 ($MILLION)
FIGURE 45. YASKAWA ELECTRIC CORPORATION : REVENUE SHARE BY SEGMENT, 2016 (%)
FIGURE 46. YASKAWA ELECTRIC CORPORATION : REVENUE SHARE BY GEOGRAPHY, 2016 (%)
FIGURE 47. GENERAL ELECTRIC: REVENUE, 2015-2017($MILLION)
FIGURE 48. GENERAL ELECTRIC: REVENUE SHARE BY SEGMENT, 2017 (%)
FIGURE 49. GENERAL ELECTRIC: REVENUE SHARE BY GEOGRAPHY, 2017 (%)
FIGURE 50. CROMPTON GREAVES: NET SALES, 2015-2017 ($MILLION)

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