openPR Logo
Press release

Variable Frequency Drive Market Size & Share Report, 2033

06-21-2024 08:04 AM CET | Aerospace & Defense

Press release from: The Business research company

Variable Frequency Drives

Variable Frequency Drives

The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

Variable Frequency Drives Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $25.73 billion In 2028 At A CAGR Of 6.3% :

The variable frequency drives market size has grown strongly in recent years. It will grow from $18.99 billion in 2023 to $20.17 billion in 2024 at a compound annual growth rate (CAGR) of 6.2%. The growth in the historic period can be attributed to rising demand for energy efficiency and process optimization, the growing adoption of automation and industry 4.0 initiatives ,the rapid growth of the electric vehicle (ev), expanding industrial applications and market diversification, cost savings..

The variable frequency drives market size is expected to see strong growth in the next few years. It will grow to $25.73 billion in 2028 at a compound annual growth rate (CAGR) of 6.3%. The growth in the forecast period can be attributed to growing demand for condition-based maintenance, global industrialization, efforts to reduce carbon footprint, government incentives,incresing renewable energy integration. Major trends in the forecast period include retrofitting and modernization, smart and digital vfds, industry 4.0 integration, customized vfd solutions, regenerative vfds..

Request A Sample Of This Report -
https://www.thebusinessresearchcompany.com/sample.aspx?id=6107&type=smp

Variable Frequency Drives Market Major Segments
The variable frequency drives market covered in this report is segmented -

1) By Type: Ac Drives, Dc Drives, Servo Drives
2) By Power Rating: Low Power Rating, Medium Power Rating, Micro Power Rating, High Power Rating
3) By Application: Pumps, Fans, Compressors, Conveyors, Other Applications
4) By End-user: Food And Beverages, Oil And Gas, Power Generation, Infrastructure, Other End Users

Key Driver - Government Energy Efficiency Regulations Drive Growth In Variable Frequency Drives Market

Increasing need and government regulations for energy efficiency across various industries are driving the growth of the market. Industries across the world have been striving to make better use of energy. Governments across the world have also been enforcing strict regulations for the industries to be energy efficient. The variable frequency drives are known to be very energy efficient and convenient. Thus, they are very useful in decreasing energy usage in industries. For instance, the Energy Conservation Building Code (ECBC) sets minimum energy standards for new commercial buildings in India having a connected load of 100kW or contract demand of 120 KVA and above. Hence, the increasing government efficiency standards would boost the variable frequency drives market.

Customise This Report As Per Your Requirements -
https://www.thebusinessresearchcompany.com/Customise?id=6107&type=smp

Prominent Trend - Technological Advancements Drive Variable Frequency Drives Market

Technological advancements are the main trend that is gaining popularity in the variable frequency drives market. Many companies are developing new products to provide an enhanced experience to their clients. For an instance, In June 2021, Ireland based power management company, Eaton launched POWER XL DM 1 Micro Variable frequency drive. This new drive offers the best value through the incorporation of IoT and Ethernet Communication. Moreover, customers will benefit from the DM1's greater efficiency, safety, and dependability, as well as features that enhance integration and simplicity of use.

Variable Frequency Drives Market Players
Major companies operating in the variable frequency drives market include Eaton Corporation, Hitachi Hi-Rel Power Electronics, Rockwell Automation, Johnson Controls, Anaheim Automation, Werner Electric GmbH, ASEA Brown Boveri, Nidec Motor Corporation, Siemens AG, Danfoss, Honeywell International, Toshiba Mitsubishi-Electric Industrial Systems Corporation, Fuji Electric Corp, Schneider Electric, Yaskawa Electric Corporation, General Electric, Delta Electronics, Phase Technologies LLC., Inovance Technology, GE Power Conversion, Shenzhen INVT Electric Co. Ltd., Hiconics Eco-energy Technology, VEICHI Electric Co. Ltd., HopeSenlan Science and Technology, EURA Drives GmbH, POWTRAN Technology Co. Ltd., Sichuan Jialing Electric Power Co. Ltd.

View The Full Report Here -
https://www.thebusinessresearchcompany.com/report/variable-frequency-drives-global-market-report

Largest And Fastest Growing Region In The Market
Asia-Pacific was the largest region in the variable frequency drives market share in 2023 and is expected to be the fastest-growing region in the forecast period. The regions covered in the variable frequency drives market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Variable Frequency Drives Market Report Structure
3. Variable Frequency Drives Market Trends And Strategies
4. Variable Frequency Drives Market - Macro Economic Scenario
5. Variable Frequency Drives Market Size And Growth
…..
27. Variable Frequency Drives Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info

Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ

Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Variable Frequency Drive Market Size & Share Report, 2033 here

News-ID: 3547724 • Views:

More Releases from The Business research company

Evolving Market Trends In The Integrated Geophysical Services Industry: Enhancing Geophysical Surveys With Drones For Efficiency In Harsh Environments
Evolving Market Trends In The Integrated Geophysical Services Industry: Enhancin …
The Integrated Geophysical Services Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories]. What Is the Expected Integrated Geophysical Services Market Size During the Forecast Period? The integrated geophysical services market has experienced consistent growth in recent years, expected to rise from $2.35 billion in 2024 to
Global HR Advisory Services Market: Key Trends, Market Share, Growth Drivers, And Forecast For 2025-2034
Global HR Advisory Services Market: Key Trends, Market Share, Growth Drivers, An …
The HR advisory services market report describes and explains the HR advisory services market and covers 2019-2024, termed the historic period, and 2024-2029, 2034F termed the forecast period. The report evaluates the market across each region and for the major economies within each region. The global HR advisory services market reached a value of nearly $155.74 billion in 2024, having grown at a compound annual growth rate (CAGR) of 4.22% since
High Voltage Aluminium Electrolytic Capacitors Global Market Report 2025: Size, Trends, and Growth Insights for Global Expansion
High Voltage Aluminium Electrolytic Capacitors Global Market Report 2025: Size, …
The high voltage aluminum electrolytic capacitors report describes and explains the high voltage aluminum electrolytic capacitors market and covers 2019-2024, termed the historic period, and 2024-2029, 2034F termed the forecast period. The report evaluates the market across each region and for the major economies within each region. The global high voltage aluminum electrolytic capacitors market reached a value of nearly $4.10301 billion in 2024, having grown at a compound annual growth
Global Vertical Market Software Market: Key Trends, Market Share, Growth Drivers, and Forecast for 2025-2034
Global Vertical Market Software Market: Key Trends, Market Share, Growth Drivers …
The vertical market software report describes and explains the vertical market software market and covers 2019-2024, termed the historic period, and 2024-2029, 2034F termed the forecast period. The report evaluates the market across each region and for the major economies within each region. The global vertical market software market reached a value of nearly $152.61027 billion in 2024, having grown at a compound annual growth rate (CAGR) of 12.11% since 2019.

All 5 Releases


More Releases for Drive

Dream Drive Brings Self-Drive Car Rental Services to Ranchi
Ranchi, Jharkhand - Dream Drive, Ranchi's newest and most trusted self-drive car rental service, is redefining the way people travel in the city. With a fleet of brand-new, well-maintained cars, Dream Drive offers customers the freedom to drive on their own terms at affordable rates. From compact hatchbacks to spacious SUVs and premium sedans, Dream Drive has a car for every occasion - whether it's a family outing, business trip, wedding,
Electric Axle Drive And Wheel Drive Market Size Analysis by Application, Type, a …
USA, New Jersey- According to Market Research Intellect, the global Electric Axle Drive And Wheel Drive market in the Internet, Communication and Technology category is projected to witness significant growth from 2025 to 2032. Market dynamics, technological advancements, and evolving consumer demand are expected to drive expansion during this period. The growing popularity of electric vehicles (EVs) and improvements in drivetrain technologies are propelling the market for electric axle drive and
Harmonic Drive Market to Witness Stunning Growth | Major Giants Harmonic Drive S …
HTF MI recently introduced Global Harmonic Drive Market study with 143+ pages in-depth overview, describing about the Product / Industry Scope and elaborates market outlook and status (2024-2032). The market Study is segmented by key regions which is accelerating the marketization. At present, the market is developing its presence. Some key players from the complete study are Harmonic Drive Systems Inc., Sumitomo, Cone Drive, Beijing CTKM, ABB, Nabtesco. Download Sample Report
Drive into the Future: Drive-by-Wire Industry Trends (2023-2033)
The automotive industry is experiencing a paradigm shift in vehicle control systems, and the drive-by-wire market is at the forefront of this transformative journey. With its ability to replace conventional mechanical connections with electronic systems, drive-by-wire technology is reshaping the future of automotive control. By offering enhanced safety, improved performance, and increased efficiency, drive-by-wire systems are revolutionizing the way vehicles are controlled and operated. Drive-by-wire technology eliminates the need for mechanical
Global Land Top Drive Market 2020, Land Top Drive Market, Land Top Drive Market …
Global Land Top Drive Market Growth 2020-2025 released by MarketandResearch.biz embarks with industry overview which clarifies value chain structure, industrial environment, market size, market share, regional analysis, application, and forecast. The report outlines the development factors improving or hampering the market advancement, major ruling organizations, monetary circumstance, and veritable certainties. This research is exceptionally advantageous to pursuers. This research refines variations of the global Land Top Drive market to help
Harmonic Drive Market Forecasts – HDSI, Leaderdrive, Beijing CTKM Harmonic Dri …
For overview analysis, the report introduces Harmonic Drive Market basic information including definition, classification, application, industry chain structure, industry overview, policy analysis, and news analysis, etc. Harmonic Drive Market : Harmonic Drive is a compact, high performance, precision reduction gear. It is one of the key components used in robotic products such as collaborative work robots. The gear consists of only 3 basic parts (Wave Generator, Flex spline, and Circular Spline). It