The global variable frequency drive market size accounted for USD 2.24 billion in 2024, grew to USD 2.33 billion in 2025 and is predicted to surpass around USD 3.31 billion by 2034, representing a healthy CAGR of 4% between 2024 and 2034.
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
3.1. Market Snapshot
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
5.1. COVID-19 Landscape: Variable Frequency Drive Industry Impact
5.2. COVID 19 - Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
8.1. Variable Frequency Drive Market, by Product, 2024-2034
8.1.1. AC Drives
8.1.1.1. Market Revenue and Forecast (2021-2034)
8.1.2. DC Drives
8.1.2.1. Market Revenue and Forecast (2021-2034)
8.1.3. Servo Drives
8.1.3.1. Market Revenue and Forecast (2021-2034)
9.1. Variable Frequency Drive Market, by Power Range, 2024-2034
9.1.1. Micro
9.1.1.1. Market Revenue and Forecast (2021-2034)
9.1.2. Low
9.1.2.1. Market Revenue and Forecast (2021-2034)
9.1.3. Medium
9.1.3.1. Market Revenue and Forecast (2021-2034)
9.1.4. High
9.1.4.1. Market Revenue and Forecast (2021-2034)
10.1. Variable Frequency Drive Market, by Voltage Type, 2024-2034
10.1.1. Low Voltage
10.1.1.1. Market Revenue and Forecast (2021-2034)
10.1.2. Medium Voltage
10.1.2.1. Market Revenue and Forecast (2021-2034)
11.1. Variable Frequency Drive Market, by Application, 2024-2034
11.1.1. Pumps
11.1.1.1. Market Revenue and Forecast (2021-2034)
11.1.2. Electric Fan
11.1.2.1. Market Revenue and Forecast (2021-2034)
11.1.3. HVAC
11.1.3.1. Market Revenue and Forecast (2021-2034)
11.1.4. Conveyors
11.1.4.1. Market Revenue and Forecast (2021-2034)
11.1.5. Extruders
11.1.6.1. Market Revenue and Forecast (2021-2034)
11.1.6. Others
11.1.5.1. Market Revenue and Forecast (2021-2034)
12.1. Variable Frequency Drive Market, by End User, 2024-2034
12.1.1. Oil & gas
12.1.1.1. Market Revenue and Forecast (2021-2034)
12.1.2. Industrial
12.1.2.1. Market Revenue and Forecast (2021-2034)
12.1.3. Power
12.1.3.1. Market Revenue and Forecast (2021-2034)
12.1.4. Infrastructure
12.1.4.1. Market Revenue and Forecast (2021-2034)
13.1. North America
13.1.1. Market Revenue and Forecast, by Product (2021-2034)
13.1.2. Market Revenue and Forecast, by Power Range (2021-2034)
13.1.3. Market Revenue and Forecast, by Voltage Type (2021-2034)
13.1.4. Market Revenue and Forecast, by Application (2021-2034)
13.1.5. Market Revenue and Forecast, by End User (2021-2034)
13.1.6. U.S.
13.1.6.1. Market Revenue and Forecast, by Product (2021-2034)
13.1.6.2. Market Revenue and Forecast, by Power Range (2021-2034)
13.1.6.3. Market Revenue and Forecast, by Voltage Type (2021-2034)
13.1.6.4. Market Revenue and Forecast, by Application (2021-2034)
13.1.7. Market Revenue and Forecast, by End User (2021-2034)
13.1.8. Rest of North America
13.1.8.1. Market Revenue and Forecast, by Product (2021-2034)
13.1.8.2. Market Revenue and Forecast, by Power Range (2021-2034)
13.1.8.3. Market Revenue and Forecast, by Voltage Type (2021-2034)
13.1.8.4. Market Revenue and Forecast, by Application (2021-2034)
13.1.8.5. Market Revenue and Forecast, by End User (2021-2034)
13.2. Europe
13.2.1. Market Revenue and Forecast, by Product (2021-2034)
13.2.2. Market Revenue and Forecast, by Power Range (2021-2034)
13.2.3. Market Revenue and Forecast, by Voltage Type (2021-2034)
13.2.4. Market Revenue and Forecast, by Application (2021-2034)
13.2.5. Market Revenue and Forecast, by End User (2021-2034)
13.2.6. UK
13.2.6.1. Market Revenue and Forecast, by Product (2021-2034)
13.2.6.2. Market Revenue and Forecast, by Power Range (2021-2034)
13.2.6.3. Market Revenue and Forecast, by Voltage Type (2021-2034)
13.2.7. Market Revenue and Forecast, by Application (2021-2034)
13.2.8. Market Revenue and Forecast, by End User (2021-2034)
13.2.9. Germany
13.2.9.1. Market Revenue and Forecast, by Product (2021-2034)
13.2.9.2. Market Revenue and Forecast, by Power Range (2021-2034)
13.2.9.3. Market Revenue and Forecast, by Voltage Type (2021-2034)
13.2.10. Market Revenue and Forecast, by Application (2021-2034)
13.2.11. Market Revenue and Forecast, by End User (2021-2034)
13.2.12. France
13.2.12.1. Market Revenue and Forecast, by Product (2021-2034)
13.2.12.2. Market Revenue and Forecast, by Power Range (2021-2034)
13.2.12.3. Market Revenue and Forecast, by Voltage Type (2021-2034)
13.2.12.4. Market Revenue and Forecast, by Application (2021-2034)
13.2.13. Market Revenue and Forecast, by End User (2021-2034)
13.2.14. Rest of Europe
13.2.14.1. Market Revenue and Forecast, by Product (2021-2034)
13.2.14.2. Market Revenue and Forecast, by Power Range (2021-2034)
13.2.14.3. Market Revenue and Forecast, by Voltage Type (2021-2034)
13.2.14.4. Market Revenue and Forecast, by Application (2021-2034)
13.2.15. Market Revenue and Forecast, by End User (2021-2034)
13.3. APAC
13.3.1. Market Revenue and Forecast, by Product (2021-2034)
13.3.2. Market Revenue and Forecast, by Power Range (2021-2034)
13.3.3. Market Revenue and Forecast, by Voltage Type (2021-2034)
13.3.4. Market Revenue and Forecast, by Application (2021-2034)
13.3.5. Market Revenue and Forecast, by End User (2021-2034)
13.3.6. India
13.3.6.1. Market Revenue and Forecast, by Product (2021-2034)
13.3.6.2. Market Revenue and Forecast, by Power Range (2021-2034)
13.3.6.3. Market Revenue and Forecast, by Voltage Type (2021-2034)
13.3.6.4. Market Revenue and Forecast, by Application (2021-2034)
13.3.7. Market Revenue and Forecast, by End User (2021-2034)
13.3.8. China
13.3.8.1. Market Revenue and Forecast, by Product (2021-2034)
13.3.8.2. Market Revenue and Forecast, by Power Range (2021-2034)
13.3.8.3. Market Revenue and Forecast, by Voltage Type (2021-2034)
13.3.8.4. Market Revenue and Forecast, by Application (2021-2034)
13.3.9. Market Revenue and Forecast, by End User (2021-2034)
13.3.10. Japan
13.3.10.1. Market Revenue and Forecast, by Product (2021-2034)
13.3.10.2. Market Revenue and Forecast, by Power Range (2021-2034)
13.3.10.3. Market Revenue and Forecast, by Voltage Type (2021-2034)
13.3.10.4. Market Revenue and Forecast, by Application (2021-2034)
13.3.10.5. Market Revenue and Forecast, by End User (2021-2034)
13.3.11. Rest of APAC
13.3.11.1. Market Revenue and Forecast, by Product (2021-2034)
13.3.11.2. Market Revenue and Forecast, by Power Range (2021-2034)
13.3.11.3. Market Revenue and Forecast, by Voltage Type (2021-2034)
13.3.11.4. Market Revenue and Forecast, by Application (2021-2034)
13.3.11.5. Market Revenue and Forecast, by End User (2021-2034)
13.4. MEA
13.4.1. Market Revenue and Forecast, by Product (2021-2034)
13.4.2. Market Revenue and Forecast, by Power Range (2021-2034)
13.4.3. Market Revenue and Forecast, by Voltage Type (2021-2034)
13.4.4. Market Revenue and Forecast, by Application (2021-2034)
13.4.5. Market Revenue and Forecast, by End User (2021-2034)
13.4.6. GCC
13.4.6.1. Market Revenue and Forecast, by Product (2021-2034)
13.4.6.2. Market Revenue and Forecast, by Power Range (2021-2034)
13.4.6.3. Market Revenue and Forecast, by Voltage Type (2021-2034)
13.4.6.4. Market Revenue and Forecast, by Application (2021-2034)
13.4.7. Market Revenue and Forecast, by End User (2021-2034)
13.4.8. North Africa
13.4.8.1. Market Revenue and Forecast, by Product (2021-2034)
13.4.8.2. Market Revenue and Forecast, by Power Range (2021-2034)
13.4.8.3. Market Revenue and Forecast, by Voltage Type (2021-2034)
13.4.8.4. Market Revenue and Forecast, by Application (2021-2034)
13.4.9. Market Revenue and Forecast, by End User (2021-2034)
13.4.10. South Africa
13.4.10.1. Market Revenue and Forecast, by Product (2021-2034)
13.4.10.2. Market Revenue and Forecast, by Power Range (2021-2034)
13.4.10.3. Market Revenue and Forecast, by Voltage Type (2021-2034)
13.4.10.4. Market Revenue and Forecast, by Application (2021-2034)
13.4.10.5. Market Revenue and Forecast, by End User (2021-2034)
13.4.11. Rest of MEA
13.4.11.1. Market Revenue and Forecast, by Product (2021-2034)
13.4.11.2. Market Revenue and Forecast, by Power Range (2021-2034)
13.4.11.3. Market Revenue and Forecast, by Voltage Type (2021-2034)
13.4.11.4. Market Revenue and Forecast, by Application (2021-2034)
13.4.11.5. Market Revenue and Forecast, by End User (2021-2034)
13.5. Latin America
13.5.1. Market Revenue and Forecast, by Product (2021-2034)
13.5.2. Market Revenue and Forecast, by Power Range (2021-2034)
13.5.3. Market Revenue and Forecast, by Voltage Type (2021-2034)
13.5.4. Market Revenue and Forecast, by Application (2021-2034)
13.5.5. Market Revenue and Forecast, by End User (2021-2034)
13.5.6. Brazil
13.5.6.1. Market Revenue and Forecast, by Product (2021-2034)
13.5.6.2. Market Revenue and Forecast, by Power Range (2021-2034)
13.5.6.3. Market Revenue and Forecast, by Voltage Type (2021-2034)
13.5.6.4. Market Revenue and Forecast, by Application (2021-2034)
13.5.7. Market Revenue and Forecast, by End User (2021-2034)
13.5.8. Rest of LATAM
13.5.8.1. Market Revenue and Forecast, by Product (2021-2034)
13.5.8.2. Market Revenue and Forecast, by Power Range (2021-2034)
13.5.8.3. Market Revenue and Forecast, by Voltage Type (2021-2034)
13.5.8.4. Market Revenue and Forecast, by Application (2021-2034)
13.5.8.5. Market Revenue and Forecast, by End User (2021-2034)
14.1. ABB Ltd
14.1.1. Company Overview
14.1.2. Product Offerings
14.1.3. Financial Performance
14.1.4. Recent Initiatives
14.2. Siemens AG
14.2.1. Company Overview
14.2.2. Product Offerings
14.2.3. Financial Performance
14.2.4. Recent Initiatives
14.3. Danfoss A/S
14.3.1. Company Overview
14.3.2. Product Offerings
14.3.3. Financial Performance
14.3.4. Recent Initiatives
14.4. Rockwell Automation
14.4.1. Company Overview
14.4.2. Product Offerings
14.4.3. Financial Performance
14.4.4. Recent Initiatives
14.5. GE Energy Power Conversion
14.5.1. Company Overview
14.5.2. Product Offerings
14.5.3. Financial Performance
14.5.4. Recent Initiatives
14.6. Toshiba International Corporation
14.6.1. Company Overview
14.6.2. Product Offerings
14.6.3. Financial Performance
14.6.4. Recent Initiatives
14.7. Schneider Electric
14.7.1. Company Overview
14.7.2. Product Offerings
14.7.3. Financial Performance
14.7.4. Recent Initiatives
14.8. Mitsubishi Electric Corporation
14.8.1. Company Overview
14.8.2. Product Offerings
14.8.3. Financial Performance
14.8.4. Recent Initiatives
14.9. Honeywell International Inc.
14.9.1. Company Overview
14.9.2. Product Offerings
14.9.3. Financial Performance
14.9.4. Recent Initiatives
14.10. Emerson Industrial Automation
14.10.1. Company Overview
14.10.2. Product Offerings
14.10.3. Financial Performance
14.10.4. Recent Initiatives
15.1. Primary Research
15.2. Secondary Research
15.3. Assumptions
16.1. About Us
16.2. Glossary of Terms
No cookie-cutter, only authentic analysis – take the 1st step to become a Precedence Research client
Report Description
Get a Sample