Table of Content

1 INTRODUCTION 27
1.1 STUDY OBJECTIVES 27
1.2 MARKET DEFINITION 27
1.3 STUDY SCOPE 28
1.3.1 MARKETS COVERED AND REGIONAL SCOPE 28
1.3.2 INCLUSIONS AND EXCLUSIONS 29
1.3.3 YEARS CONSIDERED 30
1.4 CURRENCY CONSIDERED 30
1.5 STAKEHOLDERS 31
1.6 SUMMARY OF CHANGES 31
2 RESEARCH METHODOLOGY 32
2.1 RESEARCH DATA 32
2.1.1 SECONDARY DATA 33
2.1.1.1 Key data from secondary sources 33
2.1.1.2 List of key secondary sources 33
2.1.2 PRIMARY DATA 34
2.1.2.1 Key data from primary sources 34
2.1.2.2 Key industry insights 35
2.1.2.3 List of primary interview participants 35
2.1.2.4 Breakdown of primary interviews 36
2.2 MARKET BREAKDOWN AND DATA TRIANGULATION 37
2.3 MARKET SCOPE 38
2.4 MARKET SIZE ESTIMATION METHODOLOGY 39
2.4.1 BOTTOM-UP APPROACH 39
2.4.1.1 Demand-side analysis 40
2.4.1.2 Regional analysis 40
2.4.1.3 Country-level analysis 41
2.4.1.4 Demand-side assumptions 41
2.4.1.5 Demand-side calculations 41
2.4.2 TOP-DOWN APPROACH 42
2.4.2.1 Supply-side analysis 43
2.4.2.2 Supply-side assumptions 44
2.4.2.3 Supply-side calculations 44
2.5 FORECAST ASSUMPTIONS 44
2.6 RISK ANALYSIS 44
2.7 RESEARCH ASSUMPTIONS 45
2.8 RESEARCH LIMITATIONS 45
3 EXECUTIVE SUMMARY 46
4 PREMIUM INSIGHTS 51
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN VARIABLE FREQUENCY DRIVE MARKET 51
4.2 ASIA PACIFIC: VARIABLE FREQUENCY DRIVE MARKET, BY TYPE AND COUNTRY 52
4.3 VARIABLE FREQUENCY DRIVE MARKET, BY TYPE 52
4.4 VARIABLE FREQUENCY DRIVE MARKET, BY VOLTAGE 53
4.5 VARIABLE FREQUENCY DRIVE MARKET, BY POWER RATING 53
4.6 VARIABLE FREQUENCY DRIVE MARKET, BY APPLICATION 53
4.7 VARIABLE FREQUENCY DRIVE MARKET, BY END USER 54
4.8 VARIABLE FREQUENCY DRIVE MARKET, BY REGION 54
5 MARKET OVERVIEW 55
5.1 INTRODUCTION 55
5.2 MARKET DYNAMICS 55
5.2.1 DRIVERS 56
5.2.1.1 Rising need for enhancing energy efficiency and decreasing energy consumption 56
5.2.1.2 Increasing need for motion control systems in automated production plants 57
5.2.1.3 Growing need for energy efficiency and process optimization in chemicals industry 58
5.2.2 RESTRAINTS 58
5.2.2.1 High installation and maintenance costs 58
5.2.2.2 Stagnant growth of oil & gas industry 58
5.2.3 OPPORTUNITIES 59
5.2.3.1 Government regulations for sustainability 59
5.2.3.2 Growing use of Industrial Internet of Things and robotics technologies 60
5.2.4 CHALLENGES 60
5.2.4.1 Lack of skilled workforce for installation, programming, and maintenance of variable frequency drives 60
5.3 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS 61
5.4 VALUE CHAIN ANALYSIS 62
5.4.1 RAW MATERIAL PROVIDERS/COMPONENT MANUFACTURERS/SUPPLIERS 62
5.4.2 VARIABLE FREQUENCY DRIVE MANUFACTURERS/ASSEMBLERS 63
5.4.3 DISTRIBUTORS/ RESELLERS 63
5.4.4 END USERS 63
5.4.5 MAINTENANCE/SERVICE PROVIDERS 63
5.5 ECOSYSTEM ANALYSIS 64
5.6 CASE STUDY ANALYSIS 65
5.6.1 MEDIUM-VOLTAGE VARIABLE FREQUENCY DRIVE FOR PREHEATER
HELPED CEMENT PLANT ACHIEVE SUBSTANTIAL ENERGY SAVINGS 65
5.6.2 ADAPTING 11KV MOTOR FOR 6.6KV VARIABLE FREQUENCY DRIVE
WITH STAR-DELTA SOLUTION 65
5.6.3 ENHANCING BALL MILL EFFICIENCY IN IRON ORE MINING WITH
INVERTEK DRIVES LTD.’S OPTIDRIVE P2 VARIABLE FREQUENCY DRIVE 66
5.7 TECHNOLOGY ANALYSIS 66
5.7.1 KEY TECHNOLOGY 66
5.7.1.1 Direct torque control 66
5.7.2 ADJACENT TECHNOLOGY 66
5.7.2.1 Harmonic filtering 66
5.7.3 COMPLEMENTARY TECHNOLOGY 67
5.7.3.1 Internet of Things 67
5.8 PRICING ANALYSIS 67
5.8.1 AVERAGE SELLING PRICE OF VARIABLE FREQUENCY DRIVES,
BY POWER RATING, 2021–2024 67
5.8.2 AVERAGE SELLING PRICE OF VARIABLE FREQUENCY DRIVES,
BY REGION, 2021–2024 68
5.9 TRADE ANALYSIS 69
5.9.1 IMPORT SCENARIO (HS CODE 850110) 69
5.9.2 EXPORT SCENARIO (HS CODE 850110) 70
5.9.3 IMPORT SCENARIO (HS CODE 850120) 71
5.9.4 EXPORT SCENARIO (HS CODE 850120) 72
5.10 PATENT ANALYSIS 74
5.11 KEY CONFERENCES AND EVENTS, 2025 76
5.12 INVESTMENT AND FUNDING SCENARIO 77
5.13 TARIFF AND REGULATORY LANDSCAPE 78
5.13.1 TARIFFS RELATED TO VARIABLE FREQUENCY DRIVE 78
5.13.2 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 79
5.14 PORTER’S FIVE FORCES ANALYSIS 81
5.14.1 THREAT OF SUBSTITUTES 82
5.14.2 BARGAINING POWER OF SUPPLIERS 82
5.14.3 BARGAINING POWER OF BUYERS 82
5.14.4 THREAT OF NEW ENTRANTS 82
5.14.5 INTENSITY OF COMPETITIVE RIVALRY 82
5.15 KEY STAKEHOLDERS AND BUYING CRITERIA 83
5.15.1 KEY STAKEHOLDERS IN BUYING PROCESS 83
5.15.2 BUYING CRITERIA 83
5.16 IMPACT OF AI/GENERATIVE AI IN VARIABLE FREQUENCY DRIVE MARKET 84
5.16.1 ADOPTION OF AI/GENERATIVE AI IN VARIABLE FREQUENCY DRIVE MARKET 84
5.16.2 IMPACT OF AI/GENERATIVE AI ON DRIVE TYPES, BY REGION 85
5.16.3 IMPACT OF AI/GENERATIVE AI ON VARIABLE FREQUENCY DRIVE MARKET,
BY REGION 85
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5.17 MACROECONOMIC OUTLOOK 86
5.17.1 INTRODUCTION 86
5.17.2 GDP TRENDS AND FORECAST 86
5.17.3 INFLATION 87
6 VARIABLE FREQUENCY DRIVE MARKET, BY TYPE 88
6.1 INTRODUCTION 89
6.2 AC DRIVE 90
6.2.1 INCREASED INDUSTRIAL AUTOMATION AND SMART GRID EXPANSION
TO DRIVE MARKET 90
6.3 DC DRIVE 91
6.3.1 SUPERIOR SPEED CONTROL AND HIGH-SPEED REGULATION
TO DRIVE MARKET 91
6.4 SERVO DRIVE 92
6.4.1 SURGE IN DEMAND FOR AUTOMATION AND SMART MANUFACTURING
TO DRIVE MARKET 92
7 VARIABLE FREQUENCY DRIVE MARKET, BY VOLTAGE 94
7.1 INTRODUCTION 95
7.2 LOW VOLTAGE 96
7.2.1 INCLINATION TOWARD SUSTAINABILITY TO DRIVE MARKET 96
7.3 MEDIUM VOLTAGE 97
7.3.1 FOCUS ON COST SAVINGS AND OPERATIONAL EFFICIENCY TO DRIVE MARKET 97
8 VARIABLE FREQUENCY DRIVE MARKET, BY POWER RATING 98
8.1 INTRODUCTION 99
8.2 MICRO POWER DRIVE 100
8.2.1 EXTENSIVE USE IN FOOD & BEVERAGE INDUSTRY DUE TO LOW POWER REQUIREMENTS TO DRIVE MARKET 100
8.3 LOW POWER DRIVE 101
8.3.1 RISING DEMAND FOR ENERGY EFFICIENCY ACROSS DIVERSE INDUSTRIES
TO DRIVE MARKET 101
8.4 MEDIUM POWER DRIVE 102
8.4.1 ESTABLISHMENT OF NEW MANUFACTURING PLANTS TO DRIVE MARKET 102
8.5 HIGH POWER DRIVE 103
8.5.1 ONGOING DEVELOPMENTS IN STEEL AND MINING INDUSTRIES
TO DRIVE MARKET 103
9 VARIABLE FREQUENCY DRIVE MARKET, BY APPLICATION 104
9.1 INTRODUCTION 105
9.2 PUMPS 106
9.2.1 NEED FOR ENERGY-EFFICIENT SOLUTIONS TO DRIVE MARKET 106
9.3 FANS & BLOWERS 107
9.3.1 ENHANCED SYSTEM PERFORMANCE TO DRIVE MARKET 107
9.4 COMPRESSORS 108
9.4.1 SUBSTANTIAL ENERGY SAVINGS TO DRIVE MARKET 108
9.5 CONVEYORS 109
9.5.1 REDUCED MECHANICAL STRESS AND ADAPTABILITY TO DRIVE MARKET 109
9.6 OTHER APPLICATIONS 110
10 VARIABLE FREQUENCY DRIVE MARKET, BY END USER 112
10.1 INTRODUCTION 113
10.2 POWER 114
10.2.1 GLOBAL ENERGY EXPANSION TO DRIVE MARKET 114
10.3 OIL & GAS 115
10.3.1 SURGE IN INVESTMENTS TO DRIVE MARKET 115
10.4 CHEMICALS & PETROCHEMICALS 116
10.4.1 ADAPTABILITY WHEN HANDLING COMPLEX AND HAZARDOUS MATERIALS
TO DRIVE MARKET 116
10.5 MINING & METAL 117
10.5.1 COMMITMENT TO SUSTAINABILITY TO DRIVE MARKET 117
10.6 CONSTRUCTION/INFRASTRUCTURE 119
10.6.1 PRECISE CONTROL OVER ACCELERATION AND DECELERATION
TO DRIVE MARKET 119
10.7 FOOD & BEVERAGE 120
10.7.1 STRINGENT SAFETY AND HYGIENE STANDARDS TO DRIVE MARKET 120
10.8 AUTOMOTIVE 121
10.8.1 EXTENSIVE USE IN VEHICLE PRODUCTION TO DRIVE MARKET 121
10.9 WATER & WASTEWATER TREATMENT 122
10.9.1 EMPHASIS ON REGULATING SEWAGE TREATMENT TO DRIVE MARKET 122
10.10 OTHER END USERS 123
11 VARIABLE FREQUENCY DRIVE MARKET, BY REGION 124
11.1 INTRODUCTION 125
11.2 ASIA PACIFIC 127
11.2.1 CHINA 132
11.2.1.1 Growth in manufacturing sector to drive demand 132
11.2.2 JAPAN 134
11.2.2.1 Growth in chemical industry to drive demand 134
11.2.3 INDIA 135
11.2.3.1 High investment in power sector to drive demand 135
11.2.4 AUSTRALIA 137
11.2.4.1 Growing investment and expanding mining industry to propel market 137
11.2.5 INDONESIA 138
11.2.5.1 Thriving manufacturing sector to drive demand 138
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11.2.6 SOUTH KOREA 140
11.2.6.1 Promising growth of automotive and shipbuilding sectors to drive market 140
11.2.7 REST OF ASIA PACIFIC 141
11.3 NORTH AMERICA 143
11.3.1 US 147
11.3.1.1 Surge in crude oil production to drive market 147
11.3.2 CANADA 148
11.3.2.1 Increasing mining activities to drive market 148
11.3.3 MEXICO 150
11.3.3.1 Progress in automobile manufacturing to drive demand 150
11.4 EUROPE 151
11.4.1 GERMANY 156
11.4.1.1 Growth in automotive industry to boost market growth 156
11.4.2 RUSSIA 158
11.4.2.1 Expanding oil & gas and nuclear energy sectors to drive significant adoption of VFDs 158
11.4.3 FRANCE 159
11.4.3.1 Growing use of renewable energy and green investments to boost growth 159
11.4.4 UK 161
11.4.4.1 Growth in construction and infrastructure sectors to augment market growth 161
11.4.5 ITALY 162
11.4.5.1 Growth in advanced manufacturing practices to boost market growth 162
11.4.6 SPAIN 163
11.4.6.1 Rise in advanced manufacturing practices to boost market growth 163
11.4.7 REST OF EUROPE 165
11.5 SOUTH AMERICA 166
11.5.1 BRAZIL 171
11.5.1.1 Optimizing energy consumption in construction industry to drive demand 171
11.5.2 ARGENTINA 172
11.5.2.1 Increased automation to drive demand 172
11.5.3 CHILE 173
11.5.3.1 Increased electricity generation to boost demand 173
11.5.4 REST OF SOUTH AMERICA 175
11.6 MIDDLE EAST & AFRICA 176
11.6.1 GCC COUNTRIES 182
11.6.1.1 Saudi Arabia 182
11.6.1.1.1 Need for energy efficiency and sustainability to accelerate demand in oil & gas industry 182
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11.6.1.2 UAE 184
11.6.1.2.1 Rapid expansion of manufacturing industry to drive growth 184
11.6.1.3 Other GCC Countries 185
11.6.2 SOUTH AFRICA 187
11.6.2.1 Restructuring of energy sector to propel demand 187
11.6.3 NIGERIA 188
11.6.3.1 Rapid reforms in power sector to accelerate adoption of VFDs 188
11.6.4 EGYPT 190
11.6.4.1 Expansion of mining sector to augment market growth 190
11.6.5 REST OF MIDDLE EAST & AFRICA 191
12 COMPETITIVE LANDSCAPE 193
12.1 OVERVIEW 193
12.2 KEY PLAYER STRATEGIES/RIGHT TO WIN, 2020–2025 193
12.3 REVENUE ANALYSIS, 2019–2023 195
12.4 MARKET SHARE ANALYSIS, 2023 195
12.5 COMPANY VALUATION AND FINANCIAL METRICS, 2025 197
12.6 BRAND/PRODUCT COMPARISON 199
12.7 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023 200
12.7.1 STARS 200
12.7.2 EMERGING LEADERS 200
12.7.3 PERVASIVE PLAYERS 200
12.7.4 PARTICIPANTS 200
12.7.5 COMPANY FOOTPRINT: KEY PLAYERS, 2023 202
12.7.5.1 Company footprint 202
12.7.5.2 Region footprint 203
12.7.5.3 Power rating footprint 204
12.7.5.4 Type footprint 205
12.7.5.5 Application footprint 206
12.8 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023 207
12.8.1 PROGRESSIVE COMPANIES 207
12.8.2 RESPONSIVE COMPANIES 207
12.8.3 DYNAMIC COMPANIES 207
12.8.4 STARTING BLOCKS 207
12.8.5 COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2023 209
12.8.5.1 List of key startups/SMEs 209
12.8.5.2 Competitive benchmarking of key startups/SMEs 209
12.9 COMPETITIVE SCENARIO 210
12.9.1 PRODUCT LAUNCHES 210
12.9.2 DEALS 215
12.9.3 EXPANSIONS 219
12.9.4 OTHER DEVELOPMENTS 221
13 COMPANY PROFILES 223
13.1 KEY PLAYERS 223
13.1.1 ABB 223
13.1.1.1 Business overview 223
13.1.1.2 Products/Services/Solutions offered 224
13.1.1.3 Recent developments 226
13.1.1.3.1 Product launches 226
13.1.1.3.2 Deals 227
13.1.1.3.3 Expansions 227
13.1.1.4 MnM view 228
13.1.1.4.1 Right to win 228
13.1.1.4.2 Strategic choices 228
13.1.1.4.3 Weaknesses and competitive threats 228
13.1.2 SIEMENS 229
13.1.2.1 Business overview 229
13.1.2.2 Products/Services/Solutions offered 231
13.1.2.3 Recent developments 232
13.1.2.3.1 Product launches 232
13.1.2.3.2 Deals 233
13.1.2.3.3 Others 233
13.1.2.4 MnM view 234
13.1.2.4.1 Right to win 234
13.1.2.4.2 Strategic choices 234
13.1.2.4.3 Weaknesses and competitive threats 234
13.1.3 SCHNEIDER ELECTRIC 235
13.1.3.1 Business overview 235
13.1.3.2 Products/Services/Solutions offered 236
13.1.3.3 Recent developments 238
13.1.3.3.1 Product launches 238
13.1.3.3.2 Deals 238
13.1.3.3.3 Other developments 239
13.1.3.4 MnM view 239
13.1.3.4.1 Right to win 239
13.1.3.4.2 Strategic choices 239
13.1.3.4.3 Weaknesses and competitive threats 240
13.1.4 DANFOSS 241
13.1.4.1 Business overview 241
13.1.4.2 Products/Solutions/Services offered 242
13.1.4.3 Recent developments 243
13.1.4.3.1 Product launches 243
13.1.4.3.2 Deals 244
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13.1.4.4 MnM view 245
13.1.4.4.1 Right to win 245
13.1.4.4.2 Strategic choices 245
13.1.4.4.3 Weaknesses and competitive threats 245
13.1.5 ROCKWELL AUTOMATION 246
13.1.5.1 Business overview 246
13.1.5.2 Products/Services/Solutions offered 247
13.1.5.3 Recent developments 249
13.1.5.3.1 Product launches 249
13.1.5.3.2 Deals 250
13.1.5.4 MnM view 250
13.1.5.4.1 Right to win 250
13.1.5.4.2 Strategic choices 250
13.1.5.4.3 Weaknesses and competitive threats 250
13.1.6 EATON 251
13.1.6.1 Business overview 251
13.1.6.2 Products/Services/Solutions offered 252
13.1.6.3 Recent developments 253
13.1.6.3.1 Product launches 253
13.1.6.3.2 Deals 254
13.1.7 FUJI ELECTRIC 255
13.1.7.1 Business overview 255
13.1.7.2 Products/Services/Solutions offered 256
13.1.7.3 Recent developments 257
13.1.7.3.1 Product launches 257
13.1.7.3.2 Expansions 257
13.1.8 HITACHI, LTD. 258
13.1.8.1 Business overview 258
13.1.8.2 Products/Services/Solutions offered 259
13.1.9 GENERAL ELECTRIC 261
13.1.9.1 Business overview 261
13.1.9.2 Products/Services/Solutions offered 262
13.1.9.3 Recent developments 263
13.1.9.3.1 Deals 263
13.1.10 NIDEC CORPORATION 264
13.1.10.1 Business overview 264
13.1.10.2 Products/Services/Solutions offered 266
13.1.10.3 Recent developments 266
13.1.10.3.1 Product launches 266
13.1.10.3.2 Deals 267
13.1.10.3.3 Expansions 267
?
13.1.11 WEG SA 268
13.1.11.1 Business overview 268
13.1.11.2 Products/Solutions/Services offered 269
13.1.11.3 Recent developments 270
13.1.11.3.1 Product launches 270
13.1.11.3.2 Deals 270
13.1.11.3.3 Expansions 271
13.1.12 YASKAWA ELECTRIC CORPORATION 272
13.1.12.1 Business overview 272
13.1.12.2 Products/Solutions/Services offered 273
13.1.12.3 Recent developments 274
13.1.12.3.1 Product launches 274
13.1.12.3.2 Expansions 274
13.1.13 HONEYWELL INTERNATIONAL INC. 275
13.1.13.1 Business overview 275
13.1.13.2 Products/Services/Solutions offered 276
13.1.13.3 Recent developments 277
13.1.13.3.1 Expansions 277
13.1.14 PARKER HANNIFIN CORP 278
13.1.14.1 Business overview 278
13.1.14.2 Products/Services/Solutions offered 279
13.1.14.3 Recent developments 280
13.1.14.3.1 Product launches 280
13.1.15 DELTA ELECTRONICS, INC. 281
13.1.15.1 Business overview 281
13.1.15.2 Products/Services/Solutions offered 282
13.1.15.3 Recent developments 283
13.1.15.3.1 Expansions 283
13.2 OTHER PLAYERS 284
13.2.1 SUMITOMO HEAVY INDUSTRIES, LTD. 284
13.2.2 CG POWER AND INDUSTRIAL SOLUTIONS LIMITED 284
13.2.3 TMEIC 285
13.2.4 ANAHEIM AUTOMATION 285
13.2.5 SEW-EURODRIVE 286
13.2.6 NORD DRIVE SYSTEMS 286
13.2.7 INOVANCE TECHNOLOGY 287
13.2.8 TECHSUPPEN 287
13.2.9 SHENZHEN GOZUK 288
13.2.10 SAKSUN INDUSTRIES 289
?
14 APPENDIX 290
14.1 INSIGHTS FROM INDUSTRY EXPERTS 290
14.2 DISCUSSION GUIDE 291
14.3 KNOWLEDGESTORE: MARKETSANDMARKETS? SUBSCRIPTION PORTAL 295
14.4 CUSTOMIZATION OPTIONS 297
14.5 RELATED REPORTS 297
14.6 AUTHOR DETAILS 298



List of Figures

FIGURE 1 VARIABLE FREQUENCY DRIVE MARKET SEGMENTATION 28
FIGURE 2 VARIABLE FREQUENCY DRIVE MARKET: RESEARCH DESIGN 32
FIGURE 3 VARIABLE FREQUENCY DRIVE MARKET: DATA TRIANGULATION 37
FIGURE 4 KEY METRICS CONSIDERED TO ANALYZE DEMAND FOR VARIABLE
FREQUENCY DRIVES 38
FIGURE 5 VARIABLE FREQUENCY DRIVE MARKET: BOTTOM-UP APPROACH 39
FIGURE 6 VARIABLE FREQUENCY DRIVE MARKET: TOP-DOWN APPROACH 42
FIGURE 7 KEY STEPS CONSIDERED TO ASSESS SUPPLY OF VARIABLE FREQUENCY DRIVES 43
FIGURE 8 VARIABLE FREQUENCY DRIVE MARKET: MARKET SIZE ESTIMATION METHODOLOGY (SUPPLY-SIDE ANALYSIS) 43
FIGURE 9 ASIA PACIFIC TO RECORD HIGHEST CAGR DURING FORECAST PERIOD 47
FIGURE 10 AC DRIVE SEGMENT TO ACCOUNT FOR LARGEST SHARE BY 2030 48
FIGURE 11 MEDIUM VOLTAGE SEGMENT TO GROW AT HIGHER CAGR THAN LOW VOLTAGE DURING FORECAST PERIOD 48
FIGURE 12 PUMPS SEGMENT TO LEAD MARKET DURING FORECAST PERIOD 49
FIGURE 13 LOW POWER DRIVE SEGMENT TO CAPTURE LARGEST MARKET BY 2030 49
FIGURE 14 POWER SEGMENT TO RECORD HIGHEST CAGR DURING FORECAST PERIOD 50
FIGURE 15 INCREASING DEMAND FOR RELIABLE AND EFFICIENT POWER INFRASTRUCTURE TO FOSTER MARKET GROWTH 51
FIGURE 16 AC DRIVE SEGMENT AND CHINA TO ACCOUNT FOR SIGNIFICANT MARKET SHARE 52
FIGURE 17 AC DRIVE SEGMENT TO ACCOUNT FOR LARGEST SHARE BY 2030 52
FIGURE 18 LOW VOLTAGE SEGMENT TO DOMINATE MARKET BY 2030 53
FIGURE 19 LOW POWER DRIVE SEGMENT TO ACCOUNT FOR LARGEST SHARE BY 2030 53
FIGURE 20 PUMPS SEGMENT TO ACCOUNT FOR LARGEST SHARE BY 2030 53
FIGURE 21 POWER SEGMENT TO LEAD MARKET BY 2030 54
FIGURE 22 ASIA PACIFIC TO REGISTER HIGHEST GROWTH DURING FORECAST PERIOD 54
FIGURE 23 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IN VARIABLE FREQUENCY DRIVE MARKET 55
FIGURE 24 US: ELECTRICITY GENERATION BY MAJOR ENERGY SOURCES 56
FIGURE 25 OPERATIONAL STOCK OF INDUSTRIAL ROBOTS WORLDWIDE, 2019–2023 57
FIGURE 26 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS 61
FIGURE 27 VARIABLE FREQUENCY DRIVE MARKET: VALUE CHAIN ANALYSIS 62
FIGURE 28 VARIABLE FREQUENCY DRIVE MARKET: ECOSYSTEM ANALYSIS 64
FIGURE 29 AVERAGE SELLING PRICE OF VARIABLE FREQUENCY DRIVES, BY POWER RATING, 2021–2024 67
FIGURE 30 AVERAGE SELLING PRICE OF VARIABLE FREQUENCY DRIVES BY REGION, 2021–2024 68
FIGURE 31 IMPORT DATA FOR HS CODE 850110 MOTORS OF OUTPUT <= 37.5W BY KEY COUNTRIES, 2021–2023 (USD THOUSAND) 70
FIGURE 32 EXPORT DATA FOR HS CODE 850110 MOTORS OF OUTPUT <= 37.5W BY KEY COUNTRIES, 2021–2023 (USD THOUSAND) 71
FIGURE 33 IMPORT DATA FOR HS CODE 850120 UNIVERSAL AC-DC MOTORS OF
OUTPUT > 37.5W, BY KEY COUNTRIES, 2021–2023 (USD THOUSAND) 72
FIGURE 34 EXPORT DATA FOR HS CODE 850120 UNIVERSAL AC-DC MOTORS OF OUTPUT > 37.5 W, BY KEY COUNTRIES, 2021–2023 (USD THOUSAND) 73
FIGURE 35 PATENTS APPLIED AND GRANTED, 2014–2024 74
FIGURE 36 INVESTMENT AND FUNDING SCENARIO, 2023 77
FIGURE 37 VARIABLE FREQUENCY DRIVE MARKET: PORTER’S FIVE FORCES ANALYSIS 81
FIGURE 38 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP DRIVE TYPES 83
FIGURE 39 KEY BUYING CRITERIA FOR TOP DRIVE TYPES 83
FIGURE 40 IMPACT OF AI/GENERATIVE AI ON DRIVE TYPES, BY REGION 85
FIGURE 41 VARIABLE FREQUENCY DRIVE MARKET, BY TYPE, 2024 89
FIGURE 42 VARIABLE FREQUENCY DRIVE MARKET, BY VOLTAGE, 2024 95
FIGURE 43 VARIABLE FREQUENCY DRIVE MARKET, BY POWER RATING, 2024 99
FIGURE 44 VARIABLE FREQUENCY DRIVE MARKET, BY APPLICATION, 2024 105
FIGURE 45 VARIABLE FREQUENCY DRIVE MARKET, BY END USER, 2024 113
FIGURE 46 ASIA PACIFIC TO REGISTER HIGHEST GROWTH DURING FORECAST PERIOD 125
FIGURE 47 VARIABLE FREQUENCY DRIVE MARKET: GEOGRAPHIC SNAPSHOT, 2024 126
FIGURE 48 ASIA PACIFIC: VARIABLE FREQUENCY DRIVE MARKET SNAPSHOT 128
FIGURE 49 MIDDLE EAST & AFRICA: VARIABLE FREQUENCY DRIVE MARKET SNAPSHOT 177
FIGURE 50 VARIABLE FREQUENCY DRIVE MARKET: REVENUE ANALYSIS OF
5 KEY PLAYERS, 2019–2023 195
FIGURE 51 MARKET SHARE ANALYSIS OF COMPANIES OFFERING VARIABLE
FREQUENCY DRIVES, 2023 196
FIGURE 52 COMPANY VALUATION, 2025 197
FIGURE 53 FINANCIAL METRICS (EV/EBITDA), 2025 198
FIGURE 54 BRAND/PRODUCT COMPARISON 199
FIGURE 55 VARIABLE FREQUENCY DRIVE MARKET: COMPANY EVALUATION
MATRIX (KEY PLAYERS), 2023 201
FIGURE 56 VARIABLE FREQUENCY DRIVE MARKET: COMPANY FOOTPRINT 202
FIGURE 57 VARIABLE FREQUENCY DRIVE MARKET: COMPANY EVALUATION MATRIX (STARTUPS/SMES), 2023 208
FIGURE 58 ABB: COMPANY SNAPSHOT 224
FIGURE 59 SIEMENS: COMPANY SNAPSHOT 230
FIGURE 60 SCHNEIDER ELECTRIC: COMPANY SNAPSHOT 236
FIGURE 61 DANFOSS: COMPANY SNAPSHOT 242
FIGURE 62 ROCKWELL AUTOMATION: COMPANY SNAPSHOT 247
FIGURE 63 EATON: COMPANY SNAPSHOT 252
FIGURE 64 FUJI ELECTRIC: COMPANY SNAPSHOT 256
FIGURE 65 HITACHI, LTD.: COMPANY SNAPSHOT 259
FIGURE 66 GENERAL ELECTRIC: COMPANY SNAPSHOT 262
FIGURE 67 NIDEC CORPORATION: COMPANY SNAPSHOT 265
FIGURE 68 WEG SA: COMPANY SNAPSHOT 269
FIGURE 69 YASKAWA ELECTRIC CORPORATION: COMPANY SNAPSHOT 273
FIGURE 70 HONEYWELL INTERNATIONAL INC.: COMPANY SNAPSHOT 276
FIGURE 71 PARKER HANNIFIN CORP: COMPANY SNAPSHOT 279
FIGURE 72 DELTA ELECTRONICS, INC.: COMPANY SNAPSHOT 282

List of Tables

TABLE 1 INCLUSIONS AND EXCLUSIONS 29
TABLE 2 USD EXCHANGE RATES, 2020–2023 30
TABLE 3 VARIABLE FREQUENCY DRIVE MARKET SNAPSHOT 46
TABLE 4 OPEC+ CRUDE OIL PRODUCTION (MILLION BARRELS PER DAY) 59
TABLE 5 COMPANIES AND THEIR ROLES IN VARIABLE FREQUENCY DRIVE ECOSYSTEM 64
TABLE 6 AVERAGE SELLING PRICE OF VARIABLE FREQUENCY DRIVES, BY POWER RATING, 2021–2024 (USD/UNIT) 68
TABLE 7 AVERAGE SELLING PRICE OF VARIABLE FREQUENCY DRIVES, BY REGION 2021–2024 (USD/UNIT) 68
TABLE 8 IMPORT DATA FOR HS CODE 850110 MOTORS OF OUTPUT <= 37.5W BY COUNTRY, 2021–2023 (USD THOUSAND) 69
TABLE 9 EXPORT DATA FOR HS CODE 850110 MOTORS OF OUTPUT <= 37.5W BY COUNTRY, 2021–2023 (USD THOUSAND) 70
TABLE 10 IMPORT DATA FOR HS CODE 850120 UNIVERSAL AC-DC MOTORS OF
OUTPUT > 37.5W, 2021–2023 (USD THOUSAND) 71
TABLE 11 EXPORT DATA FOR HS CODE 850120 UNIVERSAL AC-DC MOTORS OF
OUTPUT > 37.5W, BY COUNTRY, 2021–2023 (USD THOUSAND) 73
TABLE 12 LIST OF MAJOR PATENTS, 2020–2022 75
TABLE 13 KEY CONFERENCES AND EVENTS, 2025 76
TABLE 14 IMPORT TARIFF FOR HS CODE 850110 MOTORS OF OUTPUT <= 37.5 W, 2023 78
TABLE 15 IMPORT TARIFF FOR HS CODE 850120 UNIVERSAL AC-DC MOTORS OF
OUTPUT > 37.5 W, 2023 79
TABLE 16 NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES AND OTHER ORGANIZATIONS 79
TABLE 17 EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES AND OTHER ORGANIZATIONS 80
TABLE 18 ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES AND OTHER ORGANIZATIONS 80
TABLE 19 IMPACT OF PORTER’S FIVE FORCES ON VARIABLE FREQUENCY DRIVE MARKET 81
TABLE 20 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP DRIVE TYPES 83
TABLE 21 KEY BUYING CRITERIA FOR TOP OFFERINGS 84
TABLE 22 WORLD GDP GROWTH PROJECTION, 2021–2028 (USD TRILLION) 86
TABLE 23 ANNUAL PERCENTAGE CHANGE IN INFLATION RATE AS PER AVERAGE CONSUMER PRICE IN 2024, BY REGION 87
TABLE 24 VARIABLE FREQUENCY DRIVE MARKET, BY TYPE, 2021–2024 (USD MILLION) 89
TABLE 25 VARIABLE FREQUENCY DRIVE MARKET, BY TYPE, 2025–2030 (USD MILLION) 89
TABLE 26 AC DRIVE: VARIABLE FREQUENCY DRIVE MARKET, BY REGION 2021–2024 (USD MILLION) 90
TABLE 27 AC DRIVE: VARIABLE FREQUENCY DRIVE MARKET, BY REGION 2025–2030 (USD MILLION) 90
TABLE 28 DC DRIVE: VARIABLE FREQUENCY DRIVE MARKET, BY REGION 2021–2024 (USD MILLION) 91
TABLE 29 DC DRIVE: VARIABLE FREQUENCY DRIVE MARKET, BY REGION 2025–2030 (USD MILLION) 91
TABLE 30 SERVO DRIVE: VARIABLE FREQUENCY DRIVE MARKET, BY REGION 2021–2024 (USD MILLION) 92
TABLE 31 SERVO DRIVE: VARIABLE FREQUENCY DRIVE MARKET, BY REGION 2025–2030 (USD MILLION) 93
TABLE 32 VARIABLE FREQUENCY DRIVE MARKET, BY VOLTAGE, 2021–2024 (USD MILLION) 95
TABLE 33 VARIABLE FREQUENCY DRIVE MARKET, BY VOLTAGE, 2025–2030 (USD MILLION) 95
TABLE 34 LOW VOLTAGE: VARIABLE FREQUENCY DRIVE MARKET, BY REGION 2021–2024 (USD MILLION) 96
TABLE 35 LOW VOLTAGE: VARIABLE FREQUENCY DRIVE MARKET, BY REGION 2025–2030 (USD MILLION) 96
TABLE 36 MEDIUM VOLTAGE: VARIABLE FREQUENCY DRIVE MARKET, BY REGION 2021–2024 (USD MILLION) 97
TABLE 37 MEDIUM VOLTAGE: VARIABLE FREQUENCY DRIVE MARKET, BY REGION 2025–2030 (USD MILLION) 97
TABLE 38 VARIABLE FREQUENCY DRIVE MARKET, BY POWER RATING 2021–2024 (USD MILLION) 99
TABLE 39 VARIABLE FREQUENCY DRIVE MARKET, BY POWER RATING 2025–2030 (USD MILLION) 99
TABLE 40 MICRO POWER DRIVE: VARIABLE FREQUENCY DRIVE MARKET, BY REGION 2021–2024 (USD MILLION) 100
TABLE 41 MICRO POWER DRIVE: VARIABLE FREQUENCY DRIVE MARKET, BY REGION 2025–2030 (USD MILLION) 100
TABLE 42 LOW POWER DRIVE: VARIABLE FREQUENCY DRIVE MARKET, BY REGION 2021–2024 (USD MILLION) 101
TABLE 43 LOW POWER DRIVE: VARIABLE FREQUENCY DRIVE MARKET, BY REGION 2025–2030 (USD MILLION) 101
TABLE 44 MEDIUM POWER DRIVE: VARIABLE FREQUENCY DRIVE MARKET, BY REGION, 2021–2024 (USD MILLION) 102
TABLE 45 MEDIUM POWER DRIVE: VARIABLE FREQUENCY DRIVE MARKET, BY REGION, 2025–2030 (USD MILLION) 102
TABLE 46 HIGH POWER DRIVE: VARIABLE FREQUENCY DRIVE MARKET, BY REGION 2021–2024 (USD MILLION) 103
TABLE 47 HIGH POWER DRIVE: VARIABLE FREQUENCY DRIVE MARKET, BY REGION 2025–2030 (USD MILLION) 103
TABLE 48 VARIABLE FREQUENCY DRIVE MARKET, BY APPLICATION 2021–2024 (USD MILLION) 105
TABLE 49 VARIABLE FREQUENCY DRIVE MARKET, BY APPLICATION 2025–2030 (USD MILLION) 106
TABLE 50 PUMPS: VARIABLE FREQUENCY DRIVE MARKET, BY REGION 2021–2024 (USD MILLION) 106
TABLE 51 PUMPS: VARIABLE FREQUENCY DRIVE MARKET, BY REGION 2025–2030 (USD MILLION) 107
TABLE 52 FANS & BLOWERS: VARIABLE FREQUENCY DRIVE MARKET, BY REGION 2021–2024 (USD MILLION) 107
TABLE 53 FANS & BLOWERS: VARIABLE FREQUENCY DRIVE MARKET, BY REGION 2025–2030 (USD MILLION) 108
TABLE 54 COMPRESSORS: VARIABLE FREQUENCY DRIVE MARKET, BY REGION 2021–2024 (USD MILLION) 108
TABLE 55 COMPRESSORS: VARIABLE FREQUENCY DRIVE MARKET, BY REGION 2025–2030 (USD MILLION) 109
TABLE 56 CONVEYORS: VARIABLE FREQUENCY DRIVE MARKET, BY REGION 2021–2024 (USD MILLION) 109
TABLE 57 CONVEYORS: VARIABLE FREQUENCY DRIVE MARKET, BY REGION 2025–2030 (USD MILLION) 110
TABLE 58 OTHER APPLICATIONS: VARIABLE FREQUENCY DRIVE MARKET, BY REGION 2021–2024 (USD MILLION) 110
TABLE 59 OTHER APPLICATIONS: VARIABLE FREQUENCY DRIVE MARKET, BY REGION 2025–2030 (USD MILLION) 111
TABLE 60 VARIABLE FREQUENCY DRIVE MARKET, BY END USER, 2021–2024 (USD MILLION) 113
TABLE 61 VARIABLE FREQUENCY DRIVE MARKET, BY END USER, 2025–2030 (USD MILLION) 114
TABLE 62 POWER: VARIABLE FREQUENCY DRIVE MARKET, BY REGION 2021–2024 (USD MILLION) 115
TABLE 63 POWER: VARIABLE FREQUENCY DRIVE MARKET, BY REGION 2025–2030 (USD MILLION) 115
TABLE 64 OIL & GAS: VARIABLE FREQUENCY DRIVE MARKET, BY REGION 2021–2024 (USD MILLION) 116
TABLE 65 OIL & GAS: VARIABLE FREQUENCY DRIVE MARKET, BY REGION 2025–2030 (USD MILLION) 116
TABLE 66 CHEMICALS & PETROCHEMICALS: VARIABLE FREQUENCY DRIVE MARKET BY REGION, 2021–2024 (USD MILLION) 117
TABLE 67 CHEMICALS & PETROCHEMICALS: VARIABLE FREQUENCY DRIVE MARKET BY REGION, 2025–2030 (USD MILLION) 117
TABLE 68 MINING & METAL: VARIABLE FREQUENCY DRIVE MARKET, BY REGION 2021–2024 (USD MILLION) 118
TABLE 69 MINING & METAL: VARIABLE FREQUENCY DRIVE MARKET, BY REGION 2025–2030 (USD MILLION) 118
TABLE 70 CONSTRUCTION/INFRASTRUCTURE: VARIABLE FREQUENCY DRIVE MARKET BY REGION, 2021–2024 (USD MILLION) 119
TABLE 71 CONSTRUCTION/INFRASTRUCTURE: VARIABLE FREQUENCY DRIVE MARKET BY REGION, 2025–2030 (USD MILLION) 119
TABLE 72 FOOD & BEVERAGE: VARIABLE FREQUENCY DRIVE MARKET, BY REGION 2021–2024 (USD MILLION) 120
TABLE 73 FOOD & BEVERAGE: VARIABLE FREQUENCY DRIVE MARKET, BY REGION 2025–2030 (USD MILLION) 120
TABLE 74 AUTOMOTIVE: VARIABLE FREQUENCY DRIVE MARKET, BY REGION 2021–2024 (USD MILLION) 121
TABLE 75 AUTOMOTIVE: VARIABLE FREQUENCY DRIVE MARKET, BY REGION 2025–2030 (USD MILLION) 121
TABLE 76 WATER & WASTEWATER TREATMENT: VARIABLE FREQUENCY DRIVE MARKET BY REGION, 2021–2024 (USD MILLION) 122
TABLE 77 WATER & WASTEWATER TREATMENT: VARIABLE FREQUENCY DRIVE MARKET BY REGION, 2025–2030 (USD MILLION) 122
TABLE 78 OTHER END USERS: VARIABLE FREQUENCY DRIVE MARKET, BY REGION 2021–2024 (USD MILLION) 123
TABLE 79 OTHER END USERS: VARIABLE FREQUENCY DRIVE MARKET, BY REGION 2025–2030 (USD MILLION) 123
TABLE 80 VARIABLE FREQUENCY DRIVE MARKET, BY REGION, 2021–2024 (USD MILLION) 126
TABLE 81 VARIABLE FREQUENCY DRIVE MARKET, BY REGION, 2025–2030 (USD MILLION) 126
TABLE 82 VARIABLE FREQUENCY DRIVE MARKET, BY REGION 2021–2024 (THOUSAND UNITS) 127
TABLE 83 VARIABLE FREQUENCY DRIVE MARKET, BY REGION 2025–2030 (THOUSAND UNITS) 127
TABLE 84 ASIA PACIFIC: VARIABLE FREQUENCY DRIVE MARKET, BY TYPE 2021–2024 (USD MILLION) 128
TABLE 85 ASIA PACIFIC: VARIABLE FREQUENCY DRIVE MARKET, BY TYPE 2025–2030 (USD MILLION) 129
TABLE 86 ASIA PACIFIC: VARIABLE FREQUENCY DRIVE MARKET, BY POWER RATING 2021–2024 (USD MILLION) 129
TABLE 87 ASIA PACIFIC: VARIABLE FREQUENCY DRIVE MARKET, BY POWER RATING 2025–2030 (USD MILLION) 129
TABLE 88 ASIA PACIFIC: VARIABLE FREQUENCY DRIVE MARKET, BY VOLTAGE 2021–2024 (USD MILLION) 129
TABLE 89 ASIA PACIFIC: VARIABLE FREQUENCY DRIVE MARKET, BY VOLTAGE 2025–2030 (USD MILLION) 130
TABLE 90 ASIA PACIFIC: VARIABLE FREQUENCY DRIVE MARKET, BY APPLICATION 2021–2024 (USD MILLION) 130
TABLE 91 ASIA PACIFIC: VARIABLE FREQUENCY DRIVE MARKET, BY APPLICATION 2025–2030 (USD MILLION) 130
TABLE 92 ASIA PACIFIC: VARIABLE FREQUENCY DRIVE MARKET, BY END USER 2021–2024 (USD MILLION) 131
TABLE 93 ASIA PACIFIC: VARIABLE FREQUENCY DRIVE MARKET, BY END USER 2025–2030 (USD MILLION) 131
TABLE 94 ASIA PACIFIC: VARIABLE FREQUENCY DRIVE MARKET, BY COUNTRY 2021–2024 (USD MILLION) 132
TABLE 95 ASIA PACIFIC: VARIABLE FREQUENCY DRIVE MARKET, BY COUNTRY 2025–2030 (USD MILLION) 132
TABLE 96 CHINA: VARIABLE FREQUENCY DRIVE MARKET, BY END USER 2021–2024 (USD MILLION) 133
TABLE 97 CHINA: VARIABLE FREQUENCY DRIVE MARKET, BY END USER 2025–2030 (USD MILLION) 133
TABLE 98 JAPAN: VARIABLE FREQUENCY DRIVE MARKET, BY END USER 2021–2024 (USD MILLION) 134
TABLE 99 JAPAN: VARIABLE FREQUENCY DRIVE MARKET, BY END USER 2025–2030 (USD MILLION) 135
TABLE 100 INDIA: VARIABLE FREQUENCY DRIVE MARKET, BY END USER 2021–2024 (USD MILLION) 136
TABLE 101 INDIA: VARIABLE FREQUENCY DRIVE MARKET, BY END USER 2025–2030 (USD MILLION) 136
TABLE 102 AUSTRALIA: VARIABLE FREQUENCY DRIVE MARKET, BY END USER 2021–2024 (USD MILLION) 137
TABLE 103 AUSTRALIA: VARIABLE FREQUENCY DRIVE MARKET, BY END USER 2025–2030 (USD MILLION) 138
TABLE 104 INDONESIA: VARIABLE FREQUENCY DRIVE MARKET, BY END USER 2021–2024 (USD MILLION) 139
TABLE 105 INDONESIA: VARIABLE FREQUENCY DRIVE MARKET, BY END USER 2025–2030 (USD MILLION) 139
TABLE 106 SOUTH KOREA: VARIABLE FREQUENCY DRIVE MARKET, BY END USER 2021–2024 (USD MILLION) 140
TABLE 107 SOUTH KOREA: VARIABLE FREQUENCY DRIVE MARKET, BY END USER 2025–2030 (USD MILLION) 141
TABLE 108 REST OF ASIA PACIFIC: VARIABLE FREQUENCY DRIVE MARKET, BY END USER, 2021–2024 (USD MILLION) 142
TABLE 109 REST OF ASIA PACIFIC: VARIABLE FREQUENCY DRIVE MARKET, BY END USER, 2025–2030 (USD MILLION) 142
TABLE 110 NORTH AMERICA: VARIABLE FREQUENCY DRIVE MARKET, BY TYPE 2021–2024 (USD MILLION) 143
TABLE 111 NORTH AMERICA: VARIABLE FREQUENCY DRIVE MARKET, BY TYPE 2025–2030 (USD MILLION) 143
TABLE 112 NORTH AMERICA: VARIABLE FREQUENCY DRIVE MARKET, BY POWER RATING, 2021–2024 (USD MILLION) 144
TABLE 113 NORTH AMERICA: VARIABLE FREQUENCY DRIVE MARKET, BY POWER RATING, 2025–2030 (USD MILLION) 144
TABLE 114 NORTH AMERICA: VARIABLE FREQUENCY DRIVE MARKET, BY VOLTAGE 2021–2024 (USD MILLION) 144
TABLE 115 NORTH AMERICA: VARIABLE FREQUENCY DRIVE MARKET, BY VOLTAGE 2025–2030 (USD MILLION) 144
TABLE 116 NORTH AMERICA: VARIABLE FREQUENCY DRIVE MARKET, BY APPLICATION 2021–2024 (USD MILLION) 145
TABLE 117 NORTH AMERICA: VARIABLE FREQUENCY DRIVE MARKET, BY APPLICATION 2025–2030 (USD MILLION) 145
TABLE 118 NORTH AMERICA: VARIABLE FREQUENCY DRIVE MARKET, BY END USER 2021–2024 (USD MILLION) 145
TABLE 119 NORTH AMERICA: VARIABLE FREQUENCY DRIVE MARKET, BY END USER 2025–2030 (USD MILLION) 146
TABLE 120 NORTH AMERICA: VARIABLE FREQUENCY DRIVE MARKET, BY COUNTRY 2021–2024 (USD MILLION) 146
TABLE 121 NORTH AMERICA: VARIABLE FREQUENCY DRIVE MARKET, BY COUNTRY 2025–2030 (USD MILLION) 146
TABLE 122 US: VARIABLE FREQUENCY DRIVE MARKET, BY END USER 2021–2024 (USD MILLION) 147
TABLE 123 US: VARIABLE FREQUENCY DRIVE MARKET, BY END USER 2025–2030 (USD MILLION) 148
TABLE 124 CANADA: VARIABLE FREQUENCY DRIVE MARKET, BY END USER 2021–2024 (USD MILLION) 149
TABLE 125 CANADA: VARIABLE FREQUENCY DRIVE MARKET, BY END USER 2025–2030 (USD MILLION) 149
TABLE 126 MEXICO: VARIABLE FREQUENCY DRIVE MARKET, BY END USER 2021–2024 (USD MILLION) 150
TABLE 127 MEXICO: VARIABLE FREQUENCY DRIVE MARKET, BY END USER 2025–2030 (USD MILLION) 151
TABLE 128 EUROPE: VARIABLE FREQUENCY DRIVE MARKET, BY TYPE 2021–2024 (USD MILLION) 152
TABLE 129 EUROPE: VARIABLE FREQUENCY DRIVE MARKET, BY TYPE 2025–2030 (USD MILLION) 152
TABLE 130 EUROPE: VARIABLE FREQUENCY DRIVE MARKET, BY POWER RATING 2021–2024 (USD MILLION) 152
TABLE 131 EUROPE: VARIABLE FREQUENCY DRIVE MARKET, BY POWER RATING 2025–2030 (USD MILLION) 152
TABLE 132 EUROPE: VARIABLE FREQUENCY DRIVE MARKET, BY VOLTAGE 2021–2024 (USD MILLION) 153
TABLE 133 EUROPE: VARIABLE FREQUENCY DRIVE MARKET, BY VOLTAGE 2025–2030 (USD MILLION) 153
TABLE 134 EUROPE: VARIABLE FREQUENCY DRIVE MARKET, BY APPLICATION 2021–2024 (USD MILLION) 153
TABLE 135 EUROPE: VARIABLE FREQUENCY DRIVE MARKET, BY APPLICATION 2025–2030 (USD MILLION) 154
TABLE 136 EUROPE: VARIABLE FREQUENCY DRIVE MARKET, BY END USER 2021–2024 (USD MILLION) 154
TABLE 137 EUROPE: VARIABLE FREQUENCY DRIVE MARKET, BY END USER 2025–2030 (USD MILLION) 155
TABLE 138 EUROPE: VARIABLE FREQUENCY DRIVE MARKET, BY COUNTRY 2021–2024 (USD MILLION) 155
TABLE 139 EUROPE: VARIABLE FREQUENCY DRIVE MARKET, BY COUNTRY 2025–2030 (USD MILLION) 156
TABLE 140 GERMANY: VARIABLE FREQUENCY DRIVE MARKET, BY END USER 2021–2024 (USD MILLION) 157
TABLE 141 GERMANY: VARIABLE FREQUENCY DRIVE MARKET, BY END USER 2025–2030 (USD MILLION) 157
TABLE 142 RUSSIA: VARIABLE FREQUENCY DRIVE MARKET, BY END USER 2021–2024 (USD MILLION) 158
TABLE 143 RUSSIA: VARIABLE FREQUENCY DRIVE MARKET, BY END USER 2025–2030 (USD MILLION) 159
TABLE 144 FRANCE: VARIABLE FREQUENCY DRIVE MARKET, BY END USER 2021–2024 (USD MILLION) 160
TABLE 145 FRANCE: VARIABLE FREQUENCY DRIVE MARKET, BY END USER 2025–2030 (USD MILLION) 160
TABLE 146 UK: VARIABLE FREQUENCY DRIVE MARKET, BY END USER 2021–2024 (USD MILLION) 161
TABLE 147 UK: VARIABLE FREQUENCY DRIVE MARKET, BY END USER 2025–2030 (USD MILLION) 162
TABLE 148 ITALY: VARIABLE FREQUENCY DRIVE MARKET, BY END USER 2021–2024 (USD MILLION) 163
TABLE 149 ITALY: VARIABLE FREQUENCY DRIVE MARKET, BY END USER 2025–2030 (USD MILLION) 163
TABLE 150 SPAIN: VARIABLE FREQUENCY DRIVE MARKET, BY END USER 2021–2024 (USD MILLION) 164
TABLE 151 SPAIN: VARIABLE FREQUENCY DRIVE MARKET, BY END USER 2025–2030 (USD MILLION) 164
TABLE 152 REST OF EUROPE: VARIABLE FREQUENCY DRIVE MARKET, BY END USER 2021–2024 (USD MILLION) 165
TABLE 153 REST OF EUROPE: VARIABLE FREQUENCY DRIVE MARKET, BY END USER 2025–2030 (USD MILLION) 166
TABLE 154 SOUTH AMERICA: VARIABLE FREQUENCY DRIVE MARKET, BY TYPE 2021–2024 (USD MILLION) 167
TABLE 155 SOUTH AMERICA: VARIABLE FREQUENCY DRIVE MARKET, BY TYPE 2025–2030 (USD MILLION) 167
TABLE 156 SOUTH AMERICA: VARIABLE FREQUENCY DRIVE MARKET, BY POWER RATING, 2021–2024 (USD MILLION) 167
TABLE 157 SOUTH AMERICA: VARIABLE FREQUENCY DRIVE MARKET, BY POWER RATING, 2025–2030 (USD MILLION) 168
TABLE 158 SOUTH AMERICA: VARIABLE FREQUENCY DRIVE MARKET, BY VOLTAGE 2021–2024 (USD MILLION) 168
TABLE 159 SOUTH AMERICA: VARIABLE FREQUENCY DRIVE MARKET, BY VOLTAGE 2025–2030 (USD MILLION) 168
TABLE 160 SOUTH AMERICA: VARIABLE FREQUENCY DRIVE MARKET, BY APPLICATION 2021–2024 (USD MILLION) 168
TABLE 161 SOUTH AMERICA: VARIABLE FREQUENCY DRIVE MARKET, BY APPLICATION 2025–2030 (USD MILLION) 169
TABLE 162 SOUTH AMERICA: VARIABLE FREQUENCY DRIVE MARKET, BY END USER 2021–2024 (USD MILLION) 169
TABLE 163 SOUTH AMERICA: VARIABLE FREQUENCY DRIVE MARKET, BY END USER 2025–2030 (USD MILLION) 170
TABLE 164 SOUTH AMERICA: VARIABLE FREQUENCY DRIVE MARKET, BY COUNTRY 2021–2024 (USD MILLION) 170
TABLE 165 SOUTH AMERICA: VARIABLE FREQUENCY DRIVE MARKET, BY COUNTRY 2025–2030 (USD MILLION) 170
TABLE 166 BRAZIL: VARIABLE FREQUENCY DRIVE MARKET, BY END USER 2021–2024 (USD MILLION) 171
TABLE 167 BRAZIL: VARIABLE FREQUENCY DRIVE MARKET, BY END USER 2025–2030 (USD MILLION) 172
TABLE 168 ARGENTINA: VARIABLE FREQUENCY DRIVE MARKET, BY END USER 2021–2024 (USD MILLION) 173
TABLE 169 ARGENTINA: VARIABLE FREQUENCY DRIVE MARKET, BY END USER 2025–2030 (USD MILLION) 173
TABLE 170 CHILE: VARIABLE FREQUENCY DRIVE MARKET, BY END USER 2021–2024 (USD MILLION) 174
TABLE 171 CHILE: VARIABLE FREQUENCY DRIVE MARKET, BY END USER 2025–2030 (USD MILLION) 174
TABLE 172 REST OF SOUTH AMERICA: VARIABLE FREQUENCY DRIVE MARKET BY END USER, 2021–2024 (USD MILLION) 175
TABLE 173 REST OF SOUTH AMERICA: VARIABLE FREQUENCY DRIVE MARKET BY END USER, 2025–2030 (USD MILLION) 176
TABLE 174 MIDDLE EAST & AFRICA: VARIABLE FREQUENCY DRIVE MARKET BY TYPE, 2021–2024 (USD MILLION) 177
TABLE 175 MIDDLE EAST & AFRICA: VARIABLE FREQUENCY DRIVE MARKET BY TYPE, 2025–2030 (USD MILLION) 178
TABLE 176 MIDDLE EAST & AFRICA: VARIABLE FREQUENCY DRIVE MARKET BY POWER RATING, 2021–2024 (USD MILLION) 178
TABLE 177 MIDDLE EAST & AFRICA: VARIABLE FREQUENCY DRIVE MARKET BY POWER RATING, 2025–2030 (USD MILLION) 178
TABLE 178 MIDDLE EAST & AFRICA: VARIABLE FREQUENCY DRIVE MARKET BY VOLTAGE, 2021–2024 (USD MILLION) 178
TABLE 179 MIDDLE EAST & AFRICA: VARIABLE FREQUENCY DRIVE MARKET BY VOLTAGE, 2025–2030 (USD MILLION) 179
TABLE 180 MIDDLE EAST & AFRICA: VARIABLE FREQUENCY DRIVE MARKET BY APPLICATION, 2021–2024 (USD MILLION) 179
TABLE 181 MIDDLE EAST & AFRICA: VARIABLE FREQUENCY DRIVE MARKET BY APPLICATION, 2025–2030 (USD MILLION) 179
TABLE 182 MIDDLE EAST & AFRICA: VARIABLE FREQUENCY DRIVE MARKET BY END USER, 2021–2024 (USD MILLION) 180
TABLE 183 MIDDLE EAST & AFRICA: VARIABLE FREQUENCY DRIVE MARKET BY END USER, 2025–2030 (USD MILLION) 180
TABLE 184 MIDDLE EAST & AFRICA: VARIABLE FREQUENCY DRIVE MARKET BY COUNTRY/REGION, 2021–2024 (USD MILLION) 181
TABLE 185 MIDDLE EAST & AFRICA: VARIABLE FREQUENCY DRIVE MARKET BY COUNTRY/REGION, 2025–2030 (USD MILLION) 181
TABLE 186 MIDDLE EAST & AFRICA: VARIABLE FREQUENCY DRIVE MARKET BY GCC COUNTRY, 2021–2024 (USD MILLION) 181
TABLE 187 MIDDLE EAST & AFRICA: VARIABLE FREQUENCY DRIVE MARKET BY GCC COUNTRY, 2025–2030 (USD MILLION) 182
TABLE 188 SAUDI ARABIA: VARIABLE FREQUENCY DRIVE MARKET, BY END USER 2021–2024 (USD MILLION) 183
TABLE 189 SAUDI ARABIA: VARIABLE FREQUENCY DRIVE MARKET, BY END USER 2025–2030 (USD MILLION) 183
TABLE 190 UAE: VARIABLE FREQUENCY DRIVE MARKET, BY END USER 2021–2024 (USD MILLION) 184
TABLE 191 UAE: VARIABLE FREQUENCY DRIVE MARKET, BY END USER 2025–2030 (USD MILLION) 185
TABLE 192 OTHER GCC COUNTRIES: VARIABLE FREQUENCY DRIVE MARKET BY END USER, 2021–2024 (USD MILLION) 186
TABLE 193 OTHER GCC COUNTRIES: VARIABLE FREQUENCY DRIVE MARKET BY END USER, 2025–2030 (USD MILLION) 186
TABLE 194 SOUTH AFRICA: VARIABLE FREQUENCY DRIVE MARKET, BY END USER 2021–2024 (USD MILLION) 187
TABLE 195 SOUTH AFRICA: VARIABLE FREQUENCY DRIVE MARKET, BY END USER 2025–2030 (USD MILLION) 188
TABLE 196 NIGERIA: VARIABLE FREQUENCY DRIVE MARKET, BY END USER 2021–2024 (USD MILLION) 189
TABLE 197 NIGERIA: VARIABLE FREQUENCY DRIVE MARKET, BY END USER 2025–2030 (USD MILLION) 189
TABLE 198 EGYPT: VARIABLE FREQUENCY DRIVE MARKET, BY END USER 2021–2024 (USD MILLION) 190
TABLE 199 EGYPT: VARIABLE FREQUENCY DRIVE MARKET, BY END USER 2025–2030 (USD MILLION) 191
TABLE 200 REST OF MIDDLE EAST & AFRICA: VARIABLE FREQUENCY DRIVE MARKET BY END USER, 2021–2024 (USD MILLION) 191
TABLE 201 REST OF MIDDLE EAST & AFRICA: VARIABLE FREQUENCY DRIVE MARKET BY END USER, 2025–2030 (USD MILLION) 192
TABLE 202 VARIABLE FREQUENCY DRIVE MARKET: OVERVIEW OF STRATEGIES ADOPTED
BY KEY PLAYERS, 2020–2025 193
TABLE 203 VARIABLE FREQUENCY DRIVE MARKET: DEGREE OF COMPETITION, 2023 196
TABLE 204 VARIABLE FREQUENCY DRIVE MARKET: REGION FOOTPRINT 203
TABLE 205 VARIABLE FREQUENCY DRIVE MARKET: POWER RATING FOOTPRINT 204
TABLE 206 VARIABLE FREQUENCY DRIVE MARKET: TYPE FOOTPRINT 205
TABLE 207 VARIABLE FREQUENCY DRIVE MARKET: APPLICATION FOOTPRINT 206
TABLE 208 VARIABLE FREQUENCY DRIVE MARKET: LIST OF KEY STARTUPS/SMES 209
TABLE 209 VARIABLE FREQUENCY DRIVE MARKET: COMPETITIVE BENCHMARKING OF
KEY STARTUPS/SMES 209
TABLE 210 VARIABLE FREQUENCY DRIVE MARKET: PRODUCT LAUNCHES AUGUST 2020– JANUARY 2025 210
TABLE 211 VARIABLE FREQUENCY DRIVE MARKET: DEALS, MAY 2020–NOVEMBER 2024 215
TABLE 212 VARIABLE FREQUENCY DRIVE MARKET: EXPANSIONS JANUARY 2022– JANUARY 2025 219
TABLE 213 VARIABLE FREQUENCY DRIVE MARKET: OTHER DEVELOPMENTS JANUARY 2020– MAY 2024 221
TABLE 214 ABB: COMPANY OVERVIEW 223
TABLE 215 ABB: PRODUCTS/SERVICES/SOLUTIONS OFFERED 224
TABLE 216 ABB: PRODUCT LAUNCHES 226
TABLE 217 ABB: DEALS 227
TABLE 218 ABB: EXPANSIONS 227
TABLE 219 SIEMENS: COMPANY OVERVIEW 229
TABLE 220 SIEMENS: PRODUCTS/SERVICES/SOLUTIONS OFFERED 231
TABLE 221 SIEMENS: PRODUCT LAUNCHES 232
TABLE 222 SIEMENS: DEALS 233
TABLE 223 SIEMENS: OTHERS 233
TABLE 224 SCHNEIDER ELECTRIC: COMPANY OVERVIEW 235
TABLE 225 SCHNEIDER ELECTRIC: PRODUCTS/SERVICES/SOLUTIONS OFFERED 236
TABLE 226 SCHNEIDER ELECTRIC: PRODUCT LAUNCHES 238
TABLE 227 SCHNEIDER ELECTRIC: DEALS 238
TABLE 228 SCHNEIDER ELECTRIC: OTHER DEVELOPMENTS 239
TABLE 229 DANFOSS: COMPANY OVERVIEW 241
TABLE 230 DANFOSS: PRODUCTS/SERVICES/SOLUTIONS OFFERED 242
TABLE 231 DANFOSS: PRODUCT LAUNCHES 243
TABLE 232 DANFOSS: DEALS 244
TABLE 233 ROCKWELL AUTOMATION: COMPANY OVERVIEW 246
TABLE 234 ROCKWELL AUTOMATION: PRODUCTS/SERVICES/SOLUTIONS OFFERED 247
TABLE 235 ROCKWELL AUTOMATION: PRODUCT LAUNCHES 249
TABLE 236 ROCKWELL AUTOMATION: DEALS 250
TABLE 237 EATON: COMPANY OVERVIEW 251
TABLE 238 EATON: PRODUCTS/SERVICES/SOLUTIONS OFFERED 252
TABLE 239 EATON: PRODUCT LAUNCHES 253
TABLE 240 EATON: DEALS 254
TABLE 241 FUJI ELECTRIC: COMPANY OVERVIEW 255
TABLE 242 FUJI ELECTRIC: PRODUCTS/SERVICES/SOLUTIONS OFFERED 256
TABLE 243 FUJI ELECTRIC: PRODUCT LAUNCHES 257
TABLE 244 FUJI ELECTRIC: EXPANSIONS 257
TABLE 245 HITACHI, LTD.: COMPANY OVERVIEW 258
TABLE 246 HITACHI, LTD.: PRODUCTS/SERVICES/SOLUTIONS OFFERED 259
TABLE 247 GENERAL ELECTRIC: COMPANY OVERVIEW 261
TABLE 248 GENERAL ELECTRIC: PRODUCTS/SERVICES/SOLUTIONS OFFERED 262
TABLE 249 GENERAL ELECTRIC: DEALS 263
TABLE 250 NIDEC CORPORATION: COMPANY OVERVIEW 264
TABLE 251 NIDEC CORPORATION: PRODUCTS/SERVICES/SOLUTIONS OFFERED 266
TABLE 252 NIDEC CORPORATION: PRODUCT LAUNCHES 266
TABLE 253 NIDEC CORPORATION: DEALS 267
TABLE 254 NIDEC CORPORATION: EXPANSIONS 267
TABLE 255 WEG SA: COMPANY OVERVIEW 268
TABLE 256 WEG SA: PRODUCTS/SERVICES/SOLUTIONS OFFERED 269
TABLE 257 WEG SA: PRODUCT LAUNCHES 270
TABLE 258 WEG SA: DEALS 270
TABLE 259 WEG SA: EXPANSIONS 271
TABLE 260 YASKAWA ELECTRIC CORPORATION: COMPANY OVERVIEW 272
TABLE 261 YASKAWA ELECTRIC CORPORATION: PRODUCTS/SERVICES/SOLUTIONS OFFERED 273
TABLE 262 YASKAWA ELECTRIC CORPORATION: PRODUCT LAUNCHES 274
TABLE 263 YASKAWA ELECTRIC CORPORATION: EXPANSIONS 274
TABLE 264 HONEYWELL INTERNATIONAL INC.: COMPANY OVERVIEW 275
TABLE 265 HONEYWELL INTERNATIONAL INC.: PRODUCTS/SERVICES/SOLUTIONS OFFERED 276
TABLE 266 HONEYWELL INTERNATIONAL INC.: EXPANSIONS 277
TABLE 267 PARKER HANNIFIN CORP: COMPANY OVERVIEW 278
TABLE 268 PARKER HANNIFIN CORP: PRODUCTS/SERVICES/SOLUTIONS OFFERED 279
TABLE 269 PARKER HANNIFIN CORP: PRODUCT LAUNCHES 280
TABLE 270 DELTA ELECTRONICS, INC.: COMPANY OVERVIEW 281
TABLE 271 DELTA ELECTRONICS, INC.: PRODUCTS/SERVICES/SOLUTIONS OFFERED 282
TABLE 272 DELTA ELECTRONICS, INC.: EXPANSIONS 283