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Home Semiconductor & Electronics Variable Frequency Drive Market Size, Future Outlook and Opportunities to 2023-2031

Variable Frequency Drive Market

Variable Frequency Drive Market Size, Share & Trends Analysis Report By Product Type (AC Drives, DC Drives, Servo Drives), By Power Range (Micro (0-5 kW), Low (6-40 kW), Medium (41-200 kW), High (>200 kW)), By Application (Pumps, Electric Fans, Conveyors, HVAC, Extruders, Others), By End Use (Oil & Gas, Power Generation, Industrial, Infrastructure, Automotive, Food & Beverages, Other) and By Region(North America, Europe, APAC, Middle East and Africa, LATAM) Forecasts, 2022-2030

Report Code: SRSE2734DR
Study Period 2018-2030 CAGR 5.52%
Historical Period 2018-2020 Forecast Period 2022-2030
Base Year 2021 Base Year Market Size USD 23.79 Billion
Forecast Year 2030 Forecast Year Market Size USD 38.58 Billion
Largest Market Asia-Pacific Fastest Growing Market Latin America
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Market Segmentation

  1. Variable Frequency Drive Market, By Product Type (2020-2030)
    1. AC Drives
    2. DC Drives
    3. Servo Drives
  2. Variable Frequency Drive Market, By Power Range (2020-2030)
    1. Micro (0-5 kW)
    2. Low (6-40 kW)
    3. Medium (41-200 kW)
    4. High (>200 kW)
  3. Variable Frequency Drive Market, By Application (2020-2030)
    1. Pumps
    2. Electric Fans
    3. Conveyors
    4. HVAC
    5. Extruders
    6. Others
  4. Variable Frequency Drive Market, By End Use (2020-2030)
    1. Oil & Gas
    2. Power Generation
    3. Industrial
    4. Infrastructure
    5. Automotive
    6. Food & Beverages
    7. Other
    1. North America
      1. North America Variable Frequency Drive Market, By Product Type
        1. AC Drives
          1. DC Drives
            1. Servo Drives
            2. North America Variable Frequency Drive Market, By Power Range
              1. Micro (0-5 kW)
                1. Low (6-40 kW)
                  1. Medium (41-200 kW)
                    1. High (>200 kW)
                    2. North America Variable Frequency Drive Market, By Application
                      1. Pumps
                        1. Electric Fans
                          1. Conveyors
                            1. HVAC
                              1. Extruders
                                1. Others
                                2. North America Variable Frequency Drive Market, By End Use
                                  1. Oil & Gas
                                    1. Power Generation
                                      1. Industrial
                                        1. Infrastructure
                                          1. Automotive
                                            1. Food & Beverages
                                              1. Other
                                              2. U.S.
                                                1. U.S. Variable Frequency Drive Market, By Product Type
                                                  1. AC Drives
                                                    1. DC Drives
                                                      1. Servo Drives
                                                      2. U.S. Variable Frequency Drive Market, By Power Range
                                                        1. Micro (0-5 kW)
                                                          1. Low (6-40 kW)
                                                            1. Medium (41-200 kW)
                                                              1. High (>200 kW)
                                                              2. U.S. Variable Frequency Drive Market, By Application
                                                                1. Pumps
                                                                  1. Electric Fans
                                                                    1. Conveyors
                                                                      1. HVAC
                                                                        1. Extruders
                                                                          1. Others
                                                                          2. U.S. Variable Frequency Drive Market, By End Use
                                                                            1. Oil & Gas
                                                                              1. Power Generation
                                                                                1. Industrial
                                                                                  1. Infrastructure
                                                                                    1. Automotive
                                                                                      1. Food & Beverages
                                                                                        1. Other
                                                                                      2. Canada
                                                                                    2. Europe
                                                                                      1. Europe Variable Frequency Drive Market, By Product Type
                                                                                        1. AC Drives
                                                                                          1. DC Drives
                                                                                            1. Servo Drives
                                                                                            2. Europe Variable Frequency Drive Market, By Power Range
                                                                                              1. Micro (0-5 kW)
                                                                                                1. Low (6-40 kW)
                                                                                                  1. Medium (41-200 kW)
                                                                                                    1. High (>200 kW)
                                                                                                    2. Europe Variable Frequency Drive Market, By Application
                                                                                                      1. Pumps
                                                                                                        1. Electric Fans
                                                                                                          1. Conveyors
                                                                                                            1. HVAC
                                                                                                              1. Extruders
                                                                                                                1. Others
                                                                                                                2. Europe Variable Frequency Drive Market, By End Use
                                                                                                                  1. Oil & Gas
                                                                                                                    1. Power Generation
                                                                                                                      1. Industrial
                                                                                                                        1. Infrastructure
                                                                                                                          1. Automotive
                                                                                                                            1. Food & Beverages
                                                                                                                              1. Other
                                                                                                                              2. U.K.
                                                                                                                                1. U.K. Variable Frequency Drive Market, By Product Type
                                                                                                                                  1. AC Drives
                                                                                                                                    1. DC Drives
                                                                                                                                      1. Servo Drives
                                                                                                                                      2. U.K. Variable Frequency Drive Market, By Power Range
                                                                                                                                        1. Micro (0-5 kW)
                                                                                                                                          1. Low (6-40 kW)
                                                                                                                                            1. Medium (41-200 kW)
                                                                                                                                              1. High (>200 kW)
                                                                                                                                              2. U.K. Variable Frequency Drive Market, By Application
                                                                                                                                                1. Pumps
                                                                                                                                                  1. Electric Fans
                                                                                                                                                    1. Conveyors
                                                                                                                                                      1. HVAC
                                                                                                                                                        1. Extruders
                                                                                                                                                          1. Others
                                                                                                                                                          2. U.K. Variable Frequency Drive Market, By End Use
                                                                                                                                                            1. Oil & Gas
                                                                                                                                                              1. Power Generation
                                                                                                                                                                1. Industrial
                                                                                                                                                                  1. Infrastructure
                                                                                                                                                                    1. Automotive
                                                                                                                                                                      1. Food & Beverages
                                                                                                                                                                        1. Other
                                                                                                                                                                      2. Germany
                                                                                                                                                                      3. France
                                                                                                                                                                      4. Spain
                                                                                                                                                                      5. Italy
                                                                                                                                                                      6. Russia
                                                                                                                                                                      7. Nordic
                                                                                                                                                                      8. Benelux
                                                                                                                                                                      9. Rest of Europe
                                                                                                                                                                    2. APAC
                                                                                                                                                                      1. APAC Variable Frequency Drive Market, By Product Type
                                                                                                                                                                        1. AC Drives
                                                                                                                                                                          1. DC Drives
                                                                                                                                                                            1. Servo Drives
                                                                                                                                                                            2. APAC Variable Frequency Drive Market, By Power Range
                                                                                                                                                                              1. Micro (0-5 kW)
                                                                                                                                                                                1. Low (6-40 kW)
                                                                                                                                                                                  1. Medium (41-200 kW)
                                                                                                                                                                                    1. High (>200 kW)
                                                                                                                                                                                    2. APAC Variable Frequency Drive Market, By Application
                                                                                                                                                                                      1. Pumps
                                                                                                                                                                                        1. Electric Fans
                                                                                                                                                                                          1. Conveyors
                                                                                                                                                                                            1. HVAC
                                                                                                                                                                                              1. Extruders
                                                                                                                                                                                                1. Others
                                                                                                                                                                                                2. APAC Variable Frequency Drive Market, By End Use
                                                                                                                                                                                                  1. Oil & Gas
                                                                                                                                                                                                    1. Power Generation
                                                                                                                                                                                                      1. Industrial
                                                                                                                                                                                                        1. Infrastructure
                                                                                                                                                                                                          1. Automotive
                                                                                                                                                                                                            1. Food & Beverages
                                                                                                                                                                                                              1. Other
                                                                                                                                                                                                              2. China
                                                                                                                                                                                                                1. China Variable Frequency Drive Market, By Product Type
                                                                                                                                                                                                                  1. AC Drives
                                                                                                                                                                                                                    1. DC Drives
                                                                                                                                                                                                                      1. Servo Drives
                                                                                                                                                                                                                      2. China Variable Frequency Drive Market, By Power Range
                                                                                                                                                                                                                        1. Micro (0-5 kW)
                                                                                                                                                                                                                          1. Low (6-40 kW)
                                                                                                                                                                                                                            1. Medium (41-200 kW)
                                                                                                                                                                                                                              1. High (>200 kW)
                                                                                                                                                                                                                              2. China Variable Frequency Drive Market, By Application
                                                                                                                                                                                                                                1. Pumps
                                                                                                                                                                                                                                  1. Electric Fans
                                                                                                                                                                                                                                    1. Conveyors
                                                                                                                                                                                                                                      1. HVAC
                                                                                                                                                                                                                                        1. Extruders
                                                                                                                                                                                                                                          1. Others
                                                                                                                                                                                                                                          2. China Variable Frequency Drive Market, By End Use
                                                                                                                                                                                                                                            1. Oil & Gas
                                                                                                                                                                                                                                              1. Power Generation
                                                                                                                                                                                                                                                1. Industrial
                                                                                                                                                                                                                                                  1. Infrastructure
                                                                                                                                                                                                                                                    1. Automotive
                                                                                                                                                                                                                                                      1. Food & Beverages
                                                                                                                                                                                                                                                        1. Other
                                                                                                                                                                                                                                                      2. Korea
                                                                                                                                                                                                                                                      3. Japan
                                                                                                                                                                                                                                                      4. India
                                                                                                                                                                                                                                                      5. Australia
                                                                                                                                                                                                                                                      6. Taiwan
                                                                                                                                                                                                                                                      7. South East Asia
                                                                                                                                                                                                                                                      8. Rest of Asia-Pacific
                                                                                                                                                                                                                                                    2. Middle East and Africa
                                                                                                                                                                                                                                                      1. Middle East and Africa Variable Frequency Drive Market, By Product Type
                                                                                                                                                                                                                                                        1. AC Drives
                                                                                                                                                                                                                                                          1. DC Drives
                                                                                                                                                                                                                                                            1. Servo Drives
                                                                                                                                                                                                                                                            2. Middle East and Africa Variable Frequency Drive Market, By Power Range
                                                                                                                                                                                                                                                              1. Micro (0-5 kW)
                                                                                                                                                                                                                                                                1. Low (6-40 kW)
                                                                                                                                                                                                                                                                  1. Medium (41-200 kW)
                                                                                                                                                                                                                                                                    1. High (>200 kW)
                                                                                                                                                                                                                                                                    2. Middle East and Africa Variable Frequency Drive Market, By Application
                                                                                                                                                                                                                                                                      1. Pumps
                                                                                                                                                                                                                                                                        1. Electric Fans
                                                                                                                                                                                                                                                                          1. Conveyors
                                                                                                                                                                                                                                                                            1. HVAC
                                                                                                                                                                                                                                                                              1. Extruders
                                                                                                                                                                                                                                                                                1. Others
                                                                                                                                                                                                                                                                                2. Middle East and Africa Variable Frequency Drive Market, By End Use
                                                                                                                                                                                                                                                                                  1. Oil & Gas
                                                                                                                                                                                                                                                                                    1. Power Generation
                                                                                                                                                                                                                                                                                      1. Industrial
                                                                                                                                                                                                                                                                                        1. Infrastructure
                                                                                                                                                                                                                                                                                          1. Automotive
                                                                                                                                                                                                                                                                                            1. Food & Beverages
                                                                                                                                                                                                                                                                                              1. Other
                                                                                                                                                                                                                                                                                              2. UAE
                                                                                                                                                                                                                                                                                                1. UAE Variable Frequency Drive Market, By Product Type
                                                                                                                                                                                                                                                                                                  1. AC Drives
                                                                                                                                                                                                                                                                                                    1. DC Drives
                                                                                                                                                                                                                                                                                                      1. Servo Drives
                                                                                                                                                                                                                                                                                                      2. UAE Variable Frequency Drive Market, By Power Range
                                                                                                                                                                                                                                                                                                        1. Micro (0-5 kW)
                                                                                                                                                                                                                                                                                                          1. Low (6-40 kW)
                                                                                                                                                                                                                                                                                                            1. Medium (41-200 kW)
                                                                                                                                                                                                                                                                                                              1. High (>200 kW)
                                                                                                                                                                                                                                                                                                              2. UAE Variable Frequency Drive Market, By Application
                                                                                                                                                                                                                                                                                                                1. Pumps
                                                                                                                                                                                                                                                                                                                  1. Electric Fans
                                                                                                                                                                                                                                                                                                                    1. Conveyors
                                                                                                                                                                                                                                                                                                                      1. HVAC
                                                                                                                                                                                                                                                                                                                        1. Extruders
                                                                                                                                                                                                                                                                                                                          1. Others
                                                                                                                                                                                                                                                                                                                          2. UAE Variable Frequency Drive Market, By End Use
                                                                                                                                                                                                                                                                                                                            1. Oil & Gas
                                                                                                                                                                                                                                                                                                                              1. Power Generation
                                                                                                                                                                                                                                                                                                                                1. Industrial
                                                                                                                                                                                                                                                                                                                                  1. Infrastructure
                                                                                                                                                                                                                                                                                                                                    1. Automotive
                                                                                                                                                                                                                                                                                                                                      1. Food & Beverages
                                                                                                                                                                                                                                                                                                                                        1. Other
                                                                                                                                                                                                                                                                                                                                      2. Turkey
                                                                                                                                                                                                                                                                                                                                      3. Saudi Arabia
                                                                                                                                                                                                                                                                                                                                      4. South Africa
                                                                                                                                                                                                                                                                                                                                      5. Egypt
                                                                                                                                                                                                                                                                                                                                      6. Nigeria
                                                                                                                                                                                                                                                                                                                                      7. Rest of MEA
                                                                                                                                                                                                                                                                                                                                    2. LATAM
                                                                                                                                                                                                                                                                                                                                      1. LATAM Variable Frequency Drive Market, By Product Type
                                                                                                                                                                                                                                                                                                                                        1. AC Drives
                                                                                                                                                                                                                                                                                                                                          1. DC Drives
                                                                                                                                                                                                                                                                                                                                            1. Servo Drives
                                                                                                                                                                                                                                                                                                                                            2. LATAM Variable Frequency Drive Market, By Power Range
                                                                                                                                                                                                                                                                                                                                              1. Micro (0-5 kW)
                                                                                                                                                                                                                                                                                                                                                1. Low (6-40 kW)
                                                                                                                                                                                                                                                                                                                                                  1. Medium (41-200 kW)
                                                                                                                                                                                                                                                                                                                                                    1. High (>200 kW)
                                                                                                                                                                                                                                                                                                                                                    2. LATAM Variable Frequency Drive Market, By Application
                                                                                                                                                                                                                                                                                                                                                      1. Pumps
                                                                                                                                                                                                                                                                                                                                                        1. Electric Fans
                                                                                                                                                                                                                                                                                                                                                          1. Conveyors
                                                                                                                                                                                                                                                                                                                                                            1. HVAC
                                                                                                                                                                                                                                                                                                                                                              1. Extruders
                                                                                                                                                                                                                                                                                                                                                                1. Others
                                                                                                                                                                                                                                                                                                                                                                2. LATAM Variable Frequency Drive Market, By End Use
                                                                                                                                                                                                                                                                                                                                                                  1. Oil & Gas
                                                                                                                                                                                                                                                                                                                                                                    1. Power Generation
                                                                                                                                                                                                                                                                                                                                                                      1. Industrial
                                                                                                                                                                                                                                                                                                                                                                        1. Infrastructure
                                                                                                                                                                                                                                                                                                                                                                          1. Automotive
                                                                                                                                                                                                                                                                                                                                                                            1. Food & Beverages
                                                                                                                                                                                                                                                                                                                                                                              1. Other
                                                                                                                                                                                                                                                                                                                                                                              2. Brazil
                                                                                                                                                                                                                                                                                                                                                                                1. Brazil Variable Frequency Drive Market, By Product Type
                                                                                                                                                                                                                                                                                                                                                                                  1. AC Drives
                                                                                                                                                                                                                                                                                                                                                                                    1. DC Drives
                                                                                                                                                                                                                                                                                                                                                                                      1. Servo Drives
                                                                                                                                                                                                                                                                                                                                                                                      2. Brazil Variable Frequency Drive Market, By Power Range
                                                                                                                                                                                                                                                                                                                                                                                        1. Micro (0-5 kW)
                                                                                                                                                                                                                                                                                                                                                                                          1. Low (6-40 kW)
                                                                                                                                                                                                                                                                                                                                                                                            1. Medium (41-200 kW)
                                                                                                                                                                                                                                                                                                                                                                                              1. High (>200 kW)
                                                                                                                                                                                                                                                                                                                                                                                              2. Brazil Variable Frequency Drive Market, By Application
                                                                                                                                                                                                                                                                                                                                                                                                1. Pumps
                                                                                                                                                                                                                                                                                                                                                                                                  1. Electric Fans
                                                                                                                                                                                                                                                                                                                                                                                                    1. Conveyors
                                                                                                                                                                                                                                                                                                                                                                                                      1. HVAC
                                                                                                                                                                                                                                                                                                                                                                                                        1. Extruders
                                                                                                                                                                                                                                                                                                                                                                                                          1. Others
                                                                                                                                                                                                                                                                                                                                                                                                          2. Brazil Variable Frequency Drive Market, By End Use
                                                                                                                                                                                                                                                                                                                                                                                                            1. Oil & Gas
                                                                                                                                                                                                                                                                                                                                                                                                              1. Power Generation
                                                                                                                                                                                                                                                                                                                                                                                                                1. Industrial
                                                                                                                                                                                                                                                                                                                                                                                                                  1. Infrastructure
                                                                                                                                                                                                                                                                                                                                                                                                                    1. Automotive
                                                                                                                                                                                                                                                                                                                                                                                                                      1. Food & Beverages
                                                                                                                                                                                                                                                                                                                                                                                                                        1. Other
                                                                                                                                                                                                                                                                                                                                                                                                                      2. Mexico
                                                                                                                                                                                                                                                                                                                                                                                                                      3. Argentina
                                                                                                                                                                                                                                                                                                                                                                                                                      4. Chile
                                                                                                                                                                                                                                                                                                                                                                                                                      5. Colombia
                                                                                                                                                                                                                                                                                                                                                                                                                      6. Rest of LATAM

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