Frequency Inverter Market to Hit USD 22.3 Billion by 2031, Driven by Steady Industrial Automation Demand | CAGR 2.6% Forecast (2025-2031)

Los Angeles, United State- QY Research announced the publication of a new research report, It sheds light on the global Frequency Inverter market. The research report is collated using primary and secondary research methodologies to provide the users with a precise analysis of the market dynamics. Analysts have used SWOT analysis and Porter's five forces analysis for providing the readers with a detailed understanding of the influence of the various market dynamics. It answers questions pertaining to the present market size and its estimated valuation at the end of the forecast period. Furthermore, the report also includes an assessment of the segments in the global Frequency Inverter market to explain the progress of regional market over the forecast period.

The global market for Frequency Inverter was estimated to be worth US$ 18660 million in 2024 and is forecast to a readjusted size of US$ 22300 million by 2031 with a CAGR of 2.6% during the forecast period 2025-2031.

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The Frequency inverter market is an essential segment within the broader industrial automation and electrical equipment industry. VFDs are used to control the speed, torque, and operation of electric motors by adjusting the frequency and voltage supplied to the motor. They are widely used across various industries, such as manufacturing, oil and gas, power generation, water treatment, HVAC (Heating, Ventilation, and Air Conditioning), and others. The increasing integration of IoT and smart sensors with VFDs is allowing real-time monitoring, predictive maintenance, and remote control.

This trend is boosting the VFD market by providing improved system optimization and reducing downtime. Advances in semiconductor technology, such as IGBT (Insulated Gate Bipolar Transistor), are leading to more compact, efficient, and reliable VFDs. This has contributed to the expansion of VFD applications in smaller and medium-sized industries. With the rise of Industry 4.0 and smart factories, VFDs are becoming crucial in enabling connected systems and intelligent motor control within these advanced setups. The upfront investment for VFDs can be high, particularly for medium and high-voltage drives.

However, the long-term savings from reduced energy consumption and maintenance can offset this initial cost. Proper installation and maintenance require specialized technical knowledge, which could limit VFD adoption in smaller or less technically advanced industries. The global VFD market is expected to continue growing, driven by the increasing demand for energy-efficient solutions, automation, and advancements in digital technologies. The trend toward green energy solutions and sustainability will likely further boost the adoption of VFDs, particularly in renewable energy systems like wind and solar power, which require effective motor control for optimal performance.

In conclusion, the Variable Frequency Drive market is poised for growth, driven by technological advancements, energy-saving initiatives, and the expanding scope of industrial automation. As industries continue to evolve toward more energy-efficient and smart operations, VFDs will play a pivotal role in shaping the future of industrial motor control.

Details of Frequency Inverter Market Segmentation: -

Segment by Key Manufacturers:

ABB
Siemens
Rockwell Automation
Yaskawa Electric
Danfoss
Inovance Technology
Schneider Electric
Fuji Electric
Delta Electronics
TMEIC
TECO
GE Power Conversion
INVT
Wolong Holding
Hitachi
Hiconics
Xinfengguang
VEICHI
Nidec
Nancal Technology
Slanvert

Segment by Type

Low Voltage Inverter
Middle Voltage Inverter
High Voltage Inverter

Segment by Application

Power
Mining
Metallurgical Industry
Oil & Gas and Chemicals
Construction
Municipal
Building
Other

In the successive chapters, the reports study the segments present in the global Frequency Inverter market. The market is segmented on the basis of application, type of product, service, and end users. Each of these segments have a dedicated chapter, which highlights the reasons for its progress and decline. Analysts have justified the reasons for the progress of each of these segments. The approach of end users, affordability, durability, and impact on business have been studied in great detail by analysts to understand the evolution of segments in the global Frequency Inverter market. Furthermore, the regional segment includes an explanation of factors that influence each regional market. Government policies and climate changes have been discussed in this part of the report.

What to expect in our report?

(1) A complete section of the Frequency Inverter market report is dedicated for market dynamics, which include influence factors, market drivers, challenges, opportunities, and trends.

(2) Another broad section of the research study is reserved for regional analysis of the global Frequency Inverter market where important regions and countries are assessed for their growth potential, consumption, market share, and other vital factors indicating their market growth.

(3) Players can use the competitive analysis provided in the report to build new strategies or fine-tune their existing ones to rise above market challenges and increase their share of the global Frequency Inverter market.

(4) The report also discusses competitive situation and trends and sheds light on company expansions and merger and acquisition taking place in the global Frequency Inverter market. Moreover, it brings to light the market concentration rate and market shares of top three and five players.

(5) Readers are provided with findings and conclusion of the research study provided in the Frequency Inverter Market report.

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Table of Content

1 Market Overview
1.1 Frequency Inverter Product Introduction
1.2 Global Frequency Inverter Market Size Forecast
1.2.1 Global Frequency Inverter Sales Value (2020-2031)
1.2.2 Global Frequency Inverter Sales Volume (2020-2031)
1.2.3 Global Frequency Inverter Sales Price (2020-2031)
1.3 Frequency Inverter Market Trends & Drivers
1.3.1 Frequency Inverter Industry Trends
1.3.2 Frequency Inverter Market Drivers & Opportunity
1.3.3 Frequency Inverter Market Challenges
1.3.4 Frequency Inverter Market Restraints
1.4 Assumptions and Limitations
1.5 Study Objectives
1.6 Years Considered
2 Competitive Analysis by Company
2.1 Global Frequency Inverter Players Revenue Ranking (2024)
2.2 Global Frequency Inverter Revenue by Company (2020-2025)
2.3 Global Frequency Inverter Players Sales Volume Ranking (2024)
2.4 Global Frequency Inverter Sales Volume by Company Players (2020-2025)
2.5 Global Frequency Inverter Average Price by Company (2020-2025)
2.6 Key Manufacturers Frequency Inverter Manufacturing Base and Headquarters
2.7 Key Manufacturers Frequency Inverter Product Offered
2.8 Key Manufacturers Time to Begin Mass Production of Frequency Inverter
2.9 Frequency Inverter Market Competitive Analysis
2.9.1 Frequency Inverter Market Concentration Rate (2020-2025)
2.9.2 Global 5 and 10 Largest Manufacturers by Frequency Inverter Revenue in 2024
2.9.3 Global Top Manufacturers by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Frequency Inverter as of 2024)
2.10 Mergers & Acquisitions, Expansion
3 Segmentation by Type
3.1 Introduction by Type
3.1.1 Low Voltage Inverter
3.1.2 Middle Voltage Inverter
3.1.3 High Voltage Inverter
3.2 Global Frequency Inverter Sales Value by Type
3.2.1 Global Frequency Inverter Sales Value by Type (2020 VS 2024 VS 2031)
3.2.2 Global Frequency Inverter Sales Value, by Type (2020-2031)
3.2.3 Global Frequency Inverter Sales Value, by Type (%) (2020-2031)
3.3 Global Frequency Inverter Sales Volume by Type
3.3.1 Global Frequency Inverter Sales Volume by Type (2020 VS 2024 VS 2031)
3.3.2 Global Frequency Inverter Sales Volume, by Type (2020-2031)
3.3.3 Global Frequency Inverter Sales Volume, by Type (%) (2020-2031)
3.4 Global Frequency Inverter Average Price by Type (2020-2031)
4 Segmentation by Application
4.1 Introduction by Application
4.1.1 Power
4.1.2 Mining
4.1.3 Metallurgical Industry
4.1.4 Oil & Gas and Chemicals
4.1.5 Construction
4.1.6 Municipal
4.1.7 Building
4.1.8 Other
4.2 Global Frequency Inverter Sales Value by Application
4.2.1 Global Frequency Inverter Sales Value by Application (2020 VS 2024 VS 2031)
4.2.2 Global Frequency Inverter Sales Value, by Application (2020-2031)
4.2.3 Global Frequency Inverter Sales Value, by Application (%) (2020-2031)
4.3 Global Frequency Inverter Sales Volume by Application
4.3.1 Global Frequency Inverter Sales Volume by Application (2020 VS 2024 VS 2031)
4.3.2 Global Frequency Inverter Sales Volume, by Application (2020-2031)
4.3.3 Global Frequency Inverter Sales Volume, by Application (%) (2020-2031)
4.4 Global Frequency Inverter Average Price by Application (2020-2031)
5 Segmentation by Region
5.1 Global Frequency Inverter Sales Value by Region
5.1.1 Global Frequency Inverter Sales Value by Region: 2020 VS 2024 VS 2031
5.1.2 Global Frequency Inverter Sales Value by Region (2020-2025)
5.1.3 Global Frequency Inverter Sales Value by Region (2026-2031)
5.1.4 Global Frequency Inverter Sales Value by Region (%), (2020-2031)
5.2 Global Frequency Inverter Sales Volume by Region
5.2.1 Global Frequency Inverter Sales Volume by Region: 2020 VS 2024 VS 2031
5.2.2 Global Frequency Inverter Sales Volume by Region (2020-2025)
5.2.3 Global Frequency Inverter Sales Volume by Region (2026-2031)
5.2.4 Global Frequency Inverter Sales Volume by Region (%), (2020-2031)
5.3 Global Frequency Inverter Average Price by Region (2020-2031)
5.4 North America
5.4.1 North America Frequency Inverter Sales Value, 2020-2031
5.4.2 North America Frequency Inverter Sales Value by Country (%), 2024 VS 2031
5.5 Europe
5.5.1 Europe Frequency Inverter Sales Value, 2020-2031
5.5.2 Europe Frequency Inverter Sales Value by Country (%), 2024 VS 2031
5.6 Asia Pacific
5.6.1 Asia Pacific Frequency Inverter Sales Value, 2020-2031
5.6.2 Asia Pacific Frequency Inverter Sales Value by Region (%), 2024 VS 2031
5.7 South America
5.7.1 South America Frequency Inverter Sales Value, 2020-2031
5.7.2 South America Frequency Inverter Sales Value by Country (%), 2024 VS 2031
5.8 Middle East & Africa
5.8.1 Middle East & Africa Frequency Inverter Sales Value, 2020-2031
5.8.2 Middle East & Africa Frequency Inverter Sales Value by Country (%), 2024 VS 2031
6 Segmentation by Key Countries/Regions
6.1 Key Countries/Regions Frequency Inverter Sales Value Growth Trends, 2020 VS 2024 VS 2031
6.2 Key Countries/Regions Frequency Inverter Sales Value and Sales Volume
6.2.1 Key Countries/Regions Frequency Inverter Sales Value, 2020-2031
6.2.2 Key Countries/Regions Frequency Inverter Sales Volume, 2020-2031
6.3 United States
6.3.1 United States Frequency Inverter Sales Value, 2020-2031
6.3.2 United States Frequency Inverter Sales Value by Type (%), 2024 VS 2031
6.3.3 United States Frequency Inverter Sales Value by Application, 2024 VS 2031
6.4 Europe
6.4.1 Europe Frequency Inverter Sales Value, 2020-2031
6.4.2 Europe Frequency Inverter Sales Value by Type (%), 2024 VS 2031
6.4.3 Europe Frequency Inverter Sales Value by Application, 2024 VS 2031
6.5 China
6.5.1 China Frequency Inverter Sales Value, 2020-2031
6.5.2 China Frequency Inverter Sales Value by Type (%), 2024 VS 2031
6.5.3 China Frequency Inverter Sales Value by Application, 2024 VS 2031
6.6 Japan
6.6.1 Japan Frequency Inverter Sales Value, 2020-2031
6.6.2 Japan Frequency Inverter Sales Value by Type (%), 2024 VS 2031
6.6.3 Japan Frequency Inverter Sales Value by Application, 2024 VS 2031
6.7 South Korea
6.7.1 South Korea Frequency Inverter Sales Value, 2020-2031
6.7.2 South Korea Frequency Inverter Sales Value by Type (%), 2024 VS 2031
6.7.3 South Korea Frequency Inverter Sales Value by Application, 2024 VS 2031
6.8 Southeast Asia
6.8.1 Southeast Asia Frequency Inverter Sales Value, 2020-2031
6.8.2 Southeast Asia Frequency Inverter Sales Value by Type (%), 2024 VS 2031
6.8.3 Southeast Asia Frequency Inverter Sales Value by Application, 2024 VS 2031
6.9 India
6.9.1 India Frequency Inverter Sales Value, 2020-2031
6.9.2 India Frequency Inverter Sales Value by Type (%), 2024 VS 2031
6.9.3 India Frequency Inverter Sales Value by Application, 2024 VS 2031
7 Company Profiles
7.1 ABB
7.1.1 ABB Company Information
7.1.2 ABB Introduction and Business Overview
7.1.3 ABB Frequency Inverter Sales, Revenue, Price and Gross Margin (2020-2025)
7.1.4 ABB Frequency Inverter Product Offerings
7.1.5 ABB Recent Development
7.2 Siemens
7.2.1 Siemens Company Information
7.2.2 Siemens Introduction and Business Overview
7.2.3 Siemens Frequency Inverter Sales, Revenue, Price and Gross Margin (2020-2025)
7.2.4 Siemens Frequency Inverter Product Offerings
7.2.5 Siemens Recent Development
7.3 Rockwell Automation
7.3.1 Rockwell Automation Company Information
7.3.2 Rockwell Automation Introduction and Business Overview
7.3.3 Rockwell Automation Frequency Inverter Sales, Revenue, Price and Gross Margin (2020-2025)
7.3.4 Rockwell Automation Frequency Inverter Product Offerings
7.3.5 Rockwell Automation Recent Development
7.4 Yaskawa Electric
7.4.1 Yaskawa Electric Company Information
7.4.2 Yaskawa Electric Introduction and Business Overview
7.4.3 Yaskawa Electric Frequency Inverter Sales, Revenue, Price and Gross Margin (2020-2025)
7.4.4 Yaskawa Electric Frequency Inverter Product Offerings
7.4.5 Yaskawa Electric Recent Development
7.5 Danfoss
7.5.1 Danfoss Company Information
7.5.2 Danfoss Introduction and Business Overview
7.5.3 Danfoss Frequency Inverter Sales, Revenue, Price and Gross Margin (2020-2025)
7.5.4 Danfoss Frequency Inverter Product Offerings
7.5.5 Danfoss Recent Development
7.6 Inovance Technology
7.6.1 Inovance Technology Company Information
7.6.2 Inovance Technology Introduction and Business Overview
7.6.3 Inovance Technology Frequency Inverter Sales, Revenue, Price and Gross Margin (2020-2025)
7.6.4 Inovance Technology Frequency Inverter Product Offerings
7.6.5 Inovance Technology Recent Development
7.7 Schneider Electric
7.7.1 Schneider Electric Company Information
7.7.2 Schneider Electric Introduction and Business Overview
7.7.3 Schneider Electric Frequency Inverter Sales, Revenue, Price and Gross Margin (2020-2025)
7.7.4 Schneider Electric Frequency Inverter Product Offerings
7.7.5 Schneider Electric Recent Development
7.8 Fuji Electric
7.8.1 Fuji Electric Company Information
7.8.2 Fuji Electric Introduction and Business Overview
7.8.3 Fuji Electric Frequency Inverter Sales, Revenue, Price and Gross Margin (2020-2025)
7.8.4 Fuji Electric Frequency Inverter Product Offerings
7.8.5 Fuji Electric Recent Development
7.9 Delta Electronics
7.9.1 Delta Electronics Company Information
7.9.2 Delta Electronics Introduction and Business Overview
7.9.3 Delta Electronics Frequency Inverter Sales, Revenue, Price and Gross Margin (2020-2025)
7.9.4 Delta Electronics Frequency Inverter Product Offerings
7.9.5 Delta Electronics Recent Development
7.10 TMEIC
7.10.1 TMEIC Company Information
7.10.2 TMEIC Introduction and Business Overview
7.10.3 TMEIC Frequency Inverter Sales, Revenue, Price and Gross Margin (2020-2025)
7.10.4 TMEIC Frequency Inverter Product Offerings
7.10.5 TMEIC Recent Development
7.11 TECO
7.11.1 TECO Company Information
7.11.2 TECO Introduction and Business Overview
7.11.3 TECO Frequency Inverter Sales, Revenue, Price and Gross Margin (2020-2025)
7.11.4 TECO Frequency Inverter Product Offerings
7.11.5 TECO Recent Development
7.12 GE Power Conversion
7.12.1 GE Power Conversion Company Information
7.12.2 GE Power Conversion Introduction and Business Overview
7.12.3 GE Power Conversion Frequency Inverter Sales, Revenue, Price and Gross Margin (2020-2025)
7.12.4 GE Power Conversion Frequency Inverter Product Offerings
7.12.5 GE Power Conversion Recent Development
7.13 INVT
7.13.1 INVT Company Information
7.13.2 INVT Introduction and Business Overview
7.13.3 INVT Frequency Inverter Sales, Revenue, Price and Gross Margin (2020-2025)
7.13.4 INVT Frequency Inverter Product Offerings
7.13.5 INVT Recent Development
7.14 Wolong Holding
7.14.1 Wolong Holding Company Information
7.14.2 Wolong Holding Introduction and Business Overview
7.14.3 Wolong Holding Frequency Inverter Sales, Revenue, Price and Gross Margin (2020-2025)
7.14.4 Wolong Holding Frequency Inverter Product Offerings
7.14.5 Wolong Holding Recent Development
7.15 Hitachi
7.15.1 Hitachi Company Information
7.15.2 Hitachi Introduction and Business Overview
7.15.3 Hitachi Frequency Inverter Sales, Revenue, Price and Gross Margin (2020-2025)
7.15.4 Hitachi Frequency Inverter Product Offerings
7.15.5 Hitachi Recent Development
7.16 Hiconics
7.16.1 Hiconics Company Information
7.16.2 Hiconics Introduction and Business Overview
7.16.3 Hiconics Frequency Inverter Sales, Revenue, Price and Gross Margin (2020-2025)
7.16.4 Hiconics Frequency Inverter Product Offerings
7.16.5 Hiconics Recent Development
7.17 Xinfengguang
7.17.1 Xinfengguang Company Information
7.17.2 Xinfengguang Introduction and Business Overview
7.17.3 Xinfengguang Frequency Inverter Sales, Revenue, Price and Gross Margin (2020-2025)
7.17.4 Xinfengguang Frequency Inverter Product Offerings
7.17.5 Xinfengguang Recent Development
7.18 VEICHI
7.18.1 VEICHI Company Information
7.18.2 VEICHI Introduction and Business Overview
7.18.3 VEICHI Frequency Inverter Sales, Revenue, Price and Gross Margin (2020-2025)
7.18.4 VEICHI Frequency Inverter Product Offerings
7.18.5 VEICHI Recent Development
7.19 Nidec
7.19.1 Nidec Company Information
7.19.2 Nidec Introduction and Business Overview
7.19.3 Nidec Frequency Inverter Sales, Revenue, Price and Gross Margin (2020-2025)
7.19.4 Nidec Frequency Inverter Product Offerings
7.19.5 Nidec Recent Development
7.20 Nancal Technology
7.20.1 Nancal Technology Company Information
7.20.2 Nancal Technology Introduction and Business Overview
7.20.3 Nancal Technology Frequency Inverter Sales, Revenue, Price and Gross Margin (2020-2025)
7.20.4 Nancal Technology Frequency Inverter Product Offerings
7.20.5 Nancal Technology Recent Development
7.21 Slanvert
7.21.1 Slanvert Company Information
7.21.2 Slanvert Introduction and Business Overview
7.21.3 Slanvert Frequency Inverter Sales, Revenue, Price and Gross Margin (2020-2025)
7.21.4 Slanvert Frequency Inverter Product Offerings
7.21.5 Slanvert Recent Development
8 Industry Chain Analysis
8.1 Frequency Inverter Industrial Chain
8.2 Frequency Inverter Upstream Analysis
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.2.3 Manufacturing Cost Structure
8.3 Midstream Analysis
8.4 Downstream Analysis (Customers Analysis)
8.5 Sales Model and Sales Channels
8.5.1 Frequency Inverter Sales Model
8.5.2 Sales Channel
8.5.3 Frequency Inverter Distributors
9 Research Findings and Conclusion
10 Appendix
10.1 Research Methodology
10.1.1 Methodology/Research Approach
10.1.1.1 Research Programs/Design
10.1.1.2 Market Size Estimation
10.1.1.3 Market Breakdown and Data Triangulation
10.1.2 Data Source
10.1.2.1 Secondary Sources
10.1.2.2 Primary Sources
10.2 Author Details
10.3 Disclaimer

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