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Variable Frequency Drives Market to Reach US $25.0 Billion by 2022

Market Research Engine has published a new report titled as “Global Variable Frequency Drive (VFD) Market by Product Type (Adjustable-frequency drive, variable-speed drive, AC drive, micro drive or inverter drive), by Application (Power Generation, Oil and Gas, Manufacturing, Automotive), by End Users and Geography - Trends and Forecast 2015-2022”


Deerfield Beach, FL -- (SBWIRE) -- 11/16/2016 -- The variable frequency drives market is expected to exceed more than USD$25.0 billion by 2022 growing at a CAGR of more than 7.0% in the given forecast period 2015 to 2022.

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A variable frequency drive is also called as adjustable speed drive, AC drive, inverter, micro drive, adjustable frequency drive or variable speed drive. It is used to drives an electrical motors having changeable voltage and frequency; it is a type of motor controller and the frequency is directly linked with speed of motor. VFD controls the speed of motor, so it minimize the overall power utilization. Because of this benefit VFD reduces overall energy costs with higher efficiency. Compared to other motor controllers, installation of variable frequency drives become easier. And training for installing of VFD will also minimize.

The major driving factors of variable frequency drives market are as follows:

-Rising need for sinking energy utilization
-Reliable performance of motor is essential for constant function
-Growing use of induction motors
-Increase in industrialization and urbanization
-Rules on Energy Efficiency

The restraints factors of variable frequency drives market are as follows:

-Undesirable impact of execution costs in rising economies
-Reduction in Greenfield investment

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The variable frequency drives market is segmented on the lines of its type, end user, voltage range, power range and application. Under type segmentation it covers AC voltage, DC voltage and servo voltage. Based on end user segmentation it covers manufacturing, chemical processing, oil and gas, automation and industrial development. The variable frequency drives market is segmented on the lines of its voltage range like low voltage and medium voltage. Under power range it covers micro power drives, low power drives, medium power drives and high power drives. The application segment for variable frequency drives includes pumps, fans, compressors, conveyors, extruders and other applications. The variable frequency drives market is geographic segmentation covers various regions such as North America, Europe, Asia Pacific, Latin America, Middle East and Africa. Each geography market is further segmented to provide market revenue for select countries such as the U.S., Canada, U.K. Germany, China, Japan, India, Brazil, and GCC countries.

This report provides:

1) An overview of the global market for variable frequency drives and related technologies.

2) Analyses of global market trends, with data from 2013, estimates for 2014 and 2015, and projections of compound annual growth rates (CAGRs) through 2022.

3) Identifications of new market opportunities and targeted promotional plans for variable frequency drive

4) Discussions of research and development, and the demand for new products and new applications.

5) Comprehensive company profiles of major players in the industry.


The scope of the report includes a detailed study of global and regional markets for various types of coatings with the reasons given for variations in the growth of the industry in certain regions.

The report covers detailed competitive outlook including the market share and company profiles of the key participants operating in the global market. Key players profiled in the report include ABB Ltd., Siemens AG, Schneider Electric Industries S.A.S., Crompton Greaves Ltd., Danfoss VLT Drives, Eaton Corporation, Emerson Industrial Automation, Fuji Electric Co., Ltd., Mitsubishi Electric Corporation and Vacon PLC.. Company profile includes assign such as company summary, financial summary,business strategy and planning, SWOT analysis and current developments.

The Top Companies Report is intended to provide our buyers with a snapshot of the industry's most influential players.

The Variable Frequency Drives Market has been segmented as below:

By Type Analysis

AC Voltage
DC Voltage
Servo Voltage

By End-user Analysis

Chemical processing
Oil and Gas
Industrial development

By Voltage range segment Analysis

Low voltage
Medium voltage

By Power range Analysis

Micro Power Drives
Low Power Drives
Medium Power Drives
High Power Drives

By Application Analysis
Other Applications

By Regional Analysis

North America
Rest of the World

Reasons to Buy this Report:

1) Obtain the most up to date information available on all variable frequency drives market globally.

2) Identify growth segments and opportunities in the industry.

3) Facilitate decision making on the basis of strong historic and forecast of coating industry and unit capacity data.

4) Assess your competitor's refining portfolio and its evolution.

About Market Research Engine
Market Research Engine is a global market research and consulting organization. We provide market intelligence in emerging, niche technologies and markets. Our market analysis powered by rigorous methodology and quality metrics provide information and forecasts across emerging markets, emerging technologies and emerging business models. Our deep focus on industry verticals and country reports help our clients to identify opportunities and develop business strategies.