Global Variable Frequency Drives Market

The global variable frequency drives market is expected to increase by USD 3.6 billion, at a compound annual growth rate (CAGR) of 4.6% from 2022 to 2028, according to the latest edition of the Global Variable Frequency Drives Market Report.

This industry report offers market estimates of the global market, followed by a detailed analysis of the power rating, end user, and region. The global market data on variable frequency drives can be segmented by power rating: low voltage, medium voltage. Variable frequency drives market is further segmented by end user: energy and power plants, food and beverages, infrastructures, mining and metals, pulp and paper, others. The energy and power plants segment held the largest share of the global variable frequency drives market in 2021 and is anticipated to hold its share during the forecast period. Based on region, the variable frequency drives market is segmented into: North America, Europe, Asia-Pacific, Rest of the World (RoW).

The global variable frequency drives market is highly competitive. The competitive landscape of the industry has also been examined along with the profiles of the key players ABB Ltd., Crompton Greaves Consumer Electricals Limited, Danfoss A/S, Eaton Corporation plc, Fuji Electric Co. Ltd., Hitachi Hi-Rel Power Electronics Private Limited, Honeywell International Inc., Mitsubishi Electric Corporation, Nidec Corporation, Rockwell Automation Inc., Schneider Electric SE, Schneider Electric SE, Siemens AG, Toshiba Corporation, WEG SA, Yaskawa Electric Corporation.

The data-centric report focuses on market trends, status and outlook for segments. With comprehensive market assessment across the major geographies, the report is a valuable asset for the existing players, new entrants and the future investors.

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Global Variable Frequency Drives Market

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Global Variable Frequency Drives Market - Report Scope
REPORT ATTRIBUTE

DETAILS

Base Year

2021

Forecast Year

2022-2028

CAGR (2022-2028)

4.6%

Pages

23

Key Players

ABB Ltd., Crompton Greaves Consumer Electricals Limited, Danfoss A/S, Eaton Corporation plc, Fuji Electric Co. Ltd., Hitachi Hi-Rel Power Electronics Private Limited, Honeywell International Inc., Mitsubishi Electric Corporation, Nidec Corporation, Rockwell Automation Inc., Schneider Electric SE, Schneider Electric SE, Siemens AG, Toshiba Corporation, WEG SA, Yaskawa Electric Corporation

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