1 INTRODUCTION 14
1.1 OBJECTIVES OF THE STUDY 14
1.2 DEFINITION 14
1.3 MARKET SCOPE 15
1.3.1 MARKET SEGMENTATION 15
1.4 YEARS CONSIDERED FOR THE STUDY 15
1.5 CURRENCY 16
1.6 LIMITATIONS 16
1.7 STAKEHOLDERS 16

2 RESEARCH METHODOLOGY 17
2.1 MARKET SIZE ESTIMATION 17
2.1.1 IDEAL DEMAND-SIDE ANALYSIS 17
2.1.1.1 Assumptions 17
2.1.2 SUPPLY-SIDE ANALYSIS 18
2.1.2.1 Calculation 18
2.1.3 FRAMEWORK OF MARKET ASSESSMENT 18
2.1.4 FORECAST 19
2.2 SOME OF THE INSIGHTS OF INDUSTRY EXPERTS 19

3 EXECUTIVE SUMMARY 20

4 PREMIUM INSIGHTS 23
4.1 ATTRACTIVE OPPORTUNITIES IN THE EUROPE VARIABLE FREQUENCY DRIVES MARKET 23
4.2 EUROPE VARIABLE FREQUENCY DRIVES MARKET, BY COUNTRY 23
4.3 EUROPE VARIABLE FREQUENCY DRIVES MARKET, BY APPLICATION & COUNTRY 24
4.4 EUROPE VARIABLE FREQUENCY DRIVES MARKET, BY VOLTAGE 24
4.5 EUROPE VARIABLE FREQUENCY DRIVES MARKET, BY POWER RATING 25

5 MARKET OVERVIEW 26
5.1 INTRODUCTION 26
5.2 MARKET DYNAMICS 26
5.2.1 DRIVERS 27
5.2.1.1 Increased use of variable frequency drives across major industries 27
5.2.1.2 Rising need for energy efficiency 27
5.2.1.3 Supportive regulatory environment 28
5.2.2 RESTRAINTS 28
5.2.2.1 Stagnant growth of the oil & gas industry 28
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5.2.3 OPPORTUNITIES 29
5.2.3.1 Aging power infrastructure 29
5.2.3.2 Industrial Internet of Things (IIoT) 29
5.2.4 CHALLENGES 29
5.2.4.1 Gray market providing low-quality and cheap products 29

6 EUROPE VARIABLE FREQUENCY DRIVES MARKET, BY VOLTAGE 30
6.1 INTRODUCTION 31
6.2 LOW VOLTAGE (UP TO 690 V) 32
6.2.1 INCREASING USAGE OF VARIABLE FREQUENCY DRIVES IN MINING, PULP & PAPER, WATER & WASTEWATER, AND OIL & GAS INDUSTRIES IS EXPECTED TO BOOST THE EUROPE VARIABLE FREQUENCY DRIVES MARKET IN THE LOW VOLTAGE SEGMENT 32
6.3 MEDIUM VOLTAGE (ABOVE 690 V) 34
6.3.1 LOW MAINTENANCE AND OPERATING COST OF MEDIUM VOLTAGE VARIABLE FREQUENCY DRIVES IN CEMENT AND STEEL INDUSTRIES ARE EXPECTED TO DRIVE THE EUROPE VARIABLE FREQUENCY DRIVES MARKET IN THE MEDIUM VOLTAGE SEGMENT 34

7 EUROPE VARIABLE FREQUENCY DRIVES MARKET, BY POWER RATING 36
7.1 INTRODUCTION 37
7.2 0–0.5 KW 38
7.2.1 RISING URBANIZATION AND INDUSTRIALIZATION ARE THE VITAL FACTORS THAT DRIVE THE GROWTH OF THIS SEGMENT 38
7.3 0.5–20 KW 39
7.3.1 HIGH ENERGY SAVINGS AT LOW CAPITAL COST INCREASE THE DEMAND FOR THIS SEGMENT 39
7.4 20–50 KW 41
7.4.1 HEALTHCARE AND HOME APPLIANCE INDUSTRIES ARE DRIVING THE DEMAND FOR THIS SEGMENT 41
7.5 50–200 KW 42
7.5.1 HIGH-POWER DRIVES ARE LIKELY TO BOOST THE DEMAND FOR THIS SEGMENT 42
7.6 ABOVE 200 KW 43
7.6.1 HIGH-POWER APPLICATIONS ARE EXPECTED TO DRIVE THIS SEGMENT 43

8 EUROPE VARIABLE FREQUENCY DRIVES MARKET, BY APPLICATION 45
8.1 INTRODUCTION 46
8.2 PUMP 47
8.2.1 INCREASING PUMP EXPORT AND ITS USE IN VARIOUS INDUSTRIES ARE LIKELY TO DRIVE THE PUMP SEGMENT 47
8.3 FAN 48
8.3.1 GROWING DEMAND FOR FANS IN HVAC AND LOW MAINTENANCE REQUIREMENTS ARE EXPECTED TO DRIVE THE FAN SEGMENT 48
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8.4 COMPRESSOR 50
8.4.1 OIL & GAS, FOOD & BEVERAGE, AND BUILDING AUTOMATION ARE THE INDUSTRIES THAT ARE DRIVING THE DEMAND FOR COMPRESSORS 50
8.5 CONVEYOR 51
8.5.1 MINING, PHARMACEUTICALS, MANUFACTURING, AND TRANSPORTATION ARE THE INDUSTRIES THAT ARE DRIVING THE DEMAND FOR CONVEYORS 51
8.6 EXTRUDER 52
8.6.1 PLASTIC AND FOOD PROCESSING ARE THE INDUSTRIES THAT ARE DRIVING THE DEMAND FOR EXTRUDERS 52
8.7 OTHERS 53
8.7.1 FEATURES SUCH AS LOW MAINTENANCE AND REDUCTION IN MECHANICAL STRESS ARE EXPECTED TO DRIVE THE CRUSHERS & MILLS AND MIXERS MARKET 53

9 EUROPE VARIABLE FREQUENCY DRIVES MARKET, BY COUNTRY 55
9.1 INTRODUCTION 56
9.2 GERMANY 58
9.2.1 INCREASING INVESTMENTS IN ENERGY & CONSTRUCTION INDUSTRIES ARE LIKELY TO DRIVE THE EUROPE VARIABLE FREQUENCY DRIVES MARKET IN GERMANY 58
9.3 UK 60
9.3.1 INCREASING DEMAND FOR RENEWABLE POWER GENERATION IN CHEMICAL AND FOOD & BEVERAGE INDUSTRIES IS EXPECTED TO BOOST THE EUROPE VARIABLE FREQUENCY DRIVES MARKET IN THE UK 60
9.4 RUSSIA 62
9.4.1 GROWING INDUSTRIAL SECTOR & INCREASING INVESTMENTS IN ENERGY PROJECTS ARE THE DRIVERS FOR THE EUROPE VARIABLE FREQUENCY DRIVES MARKET IN RUSSIA 62
9.5 FRANCE 64
9.5.1 TARGET TO REDUCE GREENHOUSE GAS EMISSIONS IS LIKELY TO BOOST THE DEMAND FOR VARIABLE FREQUENCY DRIVES IN FRANCE 64
9.6 ITALY 66
9.6.1 GROWING INDUSTRIAL SECTOR & INVESTMENTS IN THE OIL & GAS INDUSTRY ARE EXPECTED TO INCREASE THE DEMAND FOR VARIABLE FREQUENCY DRIVES IN ITALY 66
9.7 SPAIN 68
9.7.1 RISING EXPORT DEMAND IN PHARMACEUTICAL & AUTOMOBILE INDUSTRIES IS EXPECTED TO BOOST THE EUROPE VARIABLE FREQUENCY DRIVES MARKET IN SPAIN 68
9.8 REST OF EUROPE 70
9.8.1 INCREASE IN FOCUS ON RENEWABLE ENERGY SOURCES FOR POWER GENERATION IS EXPECTED TO DRIVE THE VFD MARKET 70
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10 COMPETITIVE LANDSCAPE 72
10.1 INTRODUCTION 72
10.2 MARKET SHARE ANALYSIS 73
10.3 COMPETITIVE SCENARIO 74
10.3.1 NEW PRODUCT LAUNCHES 74
10.3.2 CONTRACTS & AGREEMENTS 75
10.3.3 MERGERS & ACQUISITIONS 75
10.3.4 INVESTMENTS & EXPANSIONS 75
10.3.5 PARTNERSHIPS 75
10.4 COMPETITIVE LEADERSHIP MAPPING 76
10.4.1 VISIONARY LEADERS 76
10.4.2 INNOVATORS 76
10.4.3 DYNAMIC 76
10.4.4 EMERGING 76

11 COMPANY PROFILING 78
(Business overview, Products offered, Recent Developments, MNM view)*
11.1 ABB 78
11.2 EATON 81
11.3 SCHNEIDER 84
11.4 SIEMENS 86
11.5 DANFOSS 89
11.6 FUJI 92
11.7 ROCKWELL 94
11.8 YASKAWA 96
11.9 CG POWER AND INDUSTRIAL SOLUTIONS 98
11.10 HITACHI 100
11.11 WEG 103
11.12 TMEIC 107
*Details on Business overview, Products offered, Recent Developments, MNM view might not be captured in case of unlisted companies.

12 APPENDIX 109
12.1 INSIGHTS OF INDUSTRY EXPERTS 109
12.2 DISCUSSION GUIDE 110
12.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 113
12.4 AVAILABLE CUSTOMIZATIONS 115
12.5 RELATED REPORTS 115
12.6 AUTHOR DETAILS 116