Variable Frequency Drive (VFD)
Market
Variable Frequency Drive (VFD) Market Scope:
Industry Analysis, Market Size, Growth, Trends Till 2031
Request Sample Report
Variable Frequency Drive (VFD) Market Size and Growth
The Variable Frequency Drive (VFD) market is poised for significant growth, driven by increasing demand for energy efficiency and automation across industries. The global market size is projected to reach approximately $18 billion by 2026, with a robust CAGR of around 5% as technological advancements and sustainability initiatives gain traction globally.
Request Sample Report
Companies Covered
(Covid 19 Impact Covered)
◍ ABB
◍ SIEMENS
◍ Schneider
◍ Danfoss
◍ Rockwell
◍ YASKAWA
◍ MITSUBISHI ELECTRIC
◍ Fuji Electric
◍ Inovance Technology
◍ Delta
◍ GE Power Conversion
◍ INVT
◍ Hiconics Eco-energy Technology
◍ VEICHI
◍ HopeSenlan Science and Technology
◍ EURA DRIVES
◍ POWTRAN
◍ Sichuan Jialing Electrical
The Variable Frequency Drive (VFD) market features key players like ABB, Siemens, Schneider, and Danfoss. These companies develop innovative VFD solutions to enhance energy efficiency and control applications. Their market growth is driven by advancements in technology, expanding industrial automation, and increasing demand for sustainable energy solutions. Actual sales figures include:
- ABB: $28 billion (2021)
- Siemens: €62.3 billion (2021)
- Schneider: €27.2 billion (2021)
- Danfoss: €7 billion (2021)
Request Sample Report
Market Segmentation
By Application
Electric Power
Mining
Metallurgical
Petrochemical
Building Materials
Others
Request Sample Report
By Product
MV and LV Frequency Converter
High Voltage Frequency Converter
Market Growth
Request Sample Report
$ X Billion USD
