HOME Top Market Reports Variable Frequency/Speed Drives (VFD/VSD) Market - By Type (AC, DC, Servo), Voltage Range (Low, Medium), Power Range (Micro, Low, Medium, High) and Application (Pump, Fan, Compressor, Conveyors & Others) - Global Market Trends & Forecast to 2017

Variable Frequency/Speed Drives (VFD/VSD) Market - By Type (AC, DC, Servo), Voltage Range (Low, Medium), Power Range (Micro, Low, Medium, High) and Application (Pump, Fan, Compressor, Conveyors & Others) - Global Market Trends & Forecast to 2017

By: marketsandmarkets.com
Publishing Date: February 2013
Report Code: EP 1333

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Growing demand for electrical efficiency and increasing investment in modernization of infrastructure will drive the global VFD (variable frequency drives)/VSD (variable speed drives)/ASD (adjustable speed drives)/inverters market to $18,854 million by 2017, with a CAGR of 8.7% from 2012 to 2017. Asia-Pacific, with its thriving economies and rapidly expanding manufacturing bases, is expected to experience highest revenue growth during the next five years.

The factors driving growth in the VFD market are rising energy prices, stringent efficiency regulations, and increased awareness about advantages of the drives. VFD is a highly developing market despite having a large base due to its enormous potential offered by these drives. Though the market experienced slight reduction in the growth rate in 2012; this effect will be short lived and the market will bounce back with steady growth in the future.

VFD manufacturers mainly focus on R&D in order to develop new and improved products, which offer more distinguished and revolutionary features such as more precision, control, and efficiency. Expansion into new and emerging markets such as Asia-Pacific, Russia, and South America has been and will be the key for success for VFD manufacturers if they intend to increase their overall sales and revenue. . In 2012, ABB Ltd (Switzerland) dominated the VFD market with 19% market share. Siemens Industry Inc. (U.S.) stood second with 13.8% and Schneider Electric SA (France) occupied around 8.5% market share of the total VFD market.

AC drives occupy maximum market share due to their comprehensive use in all types of industries and induction motors to achieve multiple speeds of operation. By application, the drives that are used for pumps capture maximum market share. The high power drives are applied in heavy industries such as oil & gas, metals & mining, power generation, cement, paper, wind energy, water & wastewater, and marine. These involve huge capital and infrastructure investment expending but offer enormous savings and reduction in power consumption.

The report covers the global VFD market in major regions namely Asia-Pacific, Europe, North America, Latin America, and Middle East & Africa under major applications such as pumps, fans, compressors, conveyors, elevators, extruders, and other applications (mixers, agitators, etc.). Various types of VFD included are AC drives, DC drives, and servo drives. Also, power ranges of VFD (micro power drives, low power drives, medium power drives, and high power drives); and voltage ranges of VFD (low voltage drives and medium voltage drives) are identified and included in this report.

For this report, various secondary sources such as chemical magazines, encyclopedia, directories, technical handbooks, company annual reports, industry association publications, articles, trade websites, and databases have been referred to identify & collect information useful for this extensive commercial study of global VFD market. The primary sources—experts from related industries and suppliers—have been interviewed to obtain and verify critical information as well as to assess the future prospects and market estimations.

This report analyzes various marketing trends and establishes the most effective growth strategy in the market. It identifies market dynamics such as drivers, restraints, opportunities, burning issues, and winning imperatives. Major companies such as ABB Ltd, Danfoss Drives, Siemens Industry Inc., Schneider Electric SA, Vacon Plc, Rockwell Automation, Yaskawa Electric Corp., Eaton Corporation, GE Energy Power Conversion (Converteam), etc. have also been profiled in this report.

Scope of the Report

On basis of geography:

  • Asia-Pacific
  • Europe
  • North America
  • Latin America
  • Middle East & Africa

On basis of application:

  • Pumps
  • Fans
  • Compressors
  • Conveyors
  • Elevators
  • Extruders
  • Other applications (mixers, agitators, etc.)

On basis of type:

  • AC drives
  • DC drives
  • Servo drives

On basis of power range:

  • Micro power drives
  • Low power drives
  • Medium power drives
  • High power drives

On basis of voltage range:

  • Low voltage drives
  • Medium voltage drives

TABLE OF CONTENTS
 
1 INTRODUCTION
  1.1 KEY TAKE-AWAYS
  1.2 REPORT DESCRIPTION
  1.3 MARKETS COVERED
  1.4 STAKE HOLDERS
  1.5 RESEARCH METHODOLOGY
      1.5.1 MARKET SIZE
      1.5.2 KEY DATA POINTS TAKEN FROM SECONDARY SOURCES
      1.5.3 LIST OF SECONDARY DATA SOURCES
      1.5.4 KEY DATA POINTS TAKEN FROM PRIMARY SOURCES
      1.5.5 ASSUMPTIONS MADE FOR THIS REPORT

2 EXECUTIVE SUMMARY

3 MARKET OVERVIEW
  3.1 INTRODUCTION
  3.2 VALUE CHAIN ANALYSIS
  3.3 MARKET DYNAMICS
      3.3.1 DRIVERS
            3.3.1.1 RISING ENERGY AND ELECTRICITY PRICES
            3.3.1.2 DEVELOPMENT AND MODERNIZATION OF INFRASTRUCTURE
            3.3.1.3 STRINGENT ENVIRONMENTAL REGULATIONS
            3.3.1.4 INCREASING AWARENESS ABOUT ADVANTAGES OF DRIVES
            3.3.1.5 GROWING ENVIRONMENTAL CONCERNS
      3.3.2 RESTRAINTS
            3.3.2.1 IMPLEMENTATION COSTS
            3.3.2.2 LAG IN IMPLEMENTATION OF STANDARDS AND DIRECTIVES
            3.3.2.3 SLUMP EXPERIENCED BY ELECTRICAL INDUSTRY
      3.3.3 OPPORTUNITY
            3.3.3.1 HUGE MARKET POTENTIAL FOR VFDS
      3.3.4 WINNING IMPERATIVES
            3.3.4.1 FOCUS ON PRODUCT INNOVATION & MODIFICATION
            3.3.4.2 EXPANSION INTO NEW & EMERGING MARKETS
  3.4 MAJOR PLAYERS – MARKET SHARE ANALYSIS
  3.5 PORTER’S FIVE FORCES ANALYSIS
      3.5.1 BUYERS POWER
      3.5.2 SUPPLIERS POWER
      3.5.3 THREAT OF NEW ENTRANTS
      3.5.4 THREAT OF SUBSTITUTES
      3.5.5 DEGREE OF COMPETITION
  3.6 PATENT ANALYSIS
      3.6.1 PATENTS ANALYSIS, BY YEAR

4 VARIABLE FREQUENCY DRIVES MARKET, BY TYPES
  4.1 INTRODUCTION
  4.2 MARKET ANALYSIS
      4.2.1 AC DRIVE TO BOOST VFD MARKET
      4.2.2 AC DRIVES
            4.2.2.1 DEFINITION & DESCRIPTION
            4.2.2.2 ASIA-PACIFIC - MAIN GROWTH DRIVER
      4.2.3 DC DRIVES
            4.2.3.1 DEFINITION & DESCRIPTION
            4.2.3.2 DC DRIVES EXPERIENCING SLOW GROWTH
      4.2.4 SERVO DRIVES
            4.2.4.1 DEFINITION & DESCRIPTION
            4.2.4.2 DEMAND FOR PRECISION AND CONTROL TO DRIVE SERVO DRIVE MARKET

5 VARIABLE FREQUENCY DRIVES MARKET, BY APPLICATIONS
  5.1 INTRODUCTION
  5.2 MARKET ANALYSIS
      5.2.1 PUMP APPLICATION TO EXPERIENCE MAXIMUM GROWTH
      5.2.2 PUMPS APPLICATION MARKET
            5.2.2.1 DEFINITION & DESCRIPTION
            5.2.2.2 REVENUE ESTIMATES
      5.2.3 FANS APPLICATION MARKET
            5.2.3.1 DEFINITION & DESCRIPTION
            5.2.3.2 REVENUE ESTIMATES
      5.2.4 COMPRESSORS APPLICATION MARKET
            5.2.4.1 DEFINITION & DESCRIPTION
            5.2.4.2 REVENUE ESTIMATES
      5.2.5 CONVEYORS APPLICATION MARKET
            5.2.5.1 DEFINITION & DESCRIPTION
            5.2.5.2 REVENUE ESTIMATES
      5.2.6 ELEVATORS APPLICATION MARKET
            5.2.6.1 DEFINITION & DESCRIPTION
            5.2.6.2 REVENUE ESTIMATES
      5.2.7 EXTRUDER APPLICATION MARKET
            5.2.7.1 DEFINITION & DESCRIPTION
            5.2.7.2 REVENUE ESTIMATES
      5.2.8 OTHERS
            5.2.8.1 DEFINITION & DESCRIPTION
            5.2.8.2 REVENUE ESTIMATES

6 VARIABLE FREQUENCY DRIVES MARKET, BY POWER & VOLTAGE RANGE
  6.1 POWER RANGE
      6.1.1 MARKET SEGMENTATION
      6.1.2 MARKET ANALYSIS
            6.1.2.1 HIGH POWER DRIVE TO BOOST VFD MARKET
            6.1.2.2 MICRO POWER DRIVES
                    6.1.2.2.1 DEFINITION & DESCRIPTION
                    6.1.2.2.2 REVENUE & SHIPMENT ESTIMATES
            6.1.2.3 LOW POWER DRIVES
                    6.1.2.3.1 DEFINITION & DESCRIPTION
                    6.1.2.3.2 REVENUE & SHIPMENT ESTIMATES
            6.1.2.4 MEDIUM POWER DRIVES
                    6.1.2.4.1 DEFINITION & DESCRIPTION
                    6.1.2.4.2 REVENUE & SHIPMENT ESTIMATES
            6.1.2.5 HIGH POWER DRIVES
                    6.1.2.5.1 DEFINITION & DESCRIPTION
                    6.1.2.5.2 REVENUE & SHIPMENT ESTIMATES
  6.2 VOLTAGE RANGE
      6.2.1 MARKET SEGMENTATION
      6.2.2 MARKET ANALYSIS
      6.2.3 LOW VOLTAGE DRIVE DOMINATE VFD MARKET,BY VOLTAGE RANGE
            6.2.3.1 LOW VOLTAGE
                    6.2.3.1.1 DEFINITION & DESCRIPTION
                    6.2.3.1.2 REVENUE ESTIMATES
            6.2.3.2 MEDIUM VOLTAGE
                    6.2.3.2.1 DEFINITION & DESCRIPTION
                    6.2.3.2.2 REVENUE ESTIMATES

7 VARIABLE FREQUENCY DRIVES MARKET, BY GEOGRAPHY
  7.1 MARKET SEGMENTATION
  7.2 MARKET ANALYSIS
      7.2.1 ASIA-PACIFIC TO DRIVE GLOBAL VFD MARKET
      7.2.2 ASIA-PACIFIC
            7.2.2.1 INTRODUCTION
            7.2.2.2 REVENUE & SHIPMENT ESTIMATES
            7.2.2.3 COUNTRY LEVEL ANALYSIS
            7.2.2.4 CHINA
                    7.2.2.4.1 MARKET SCENARIO
                    7.2.2.4.2 REVENUE AND SHIPMENT ESTIMATES
            7.2.2.5 INDIA
                    7.2.2.5.1 MARKET SCENARIO
                    7.2.2.5.2 REVENUE AND SHIPMENT ESTIMATES
            7.2.2.6 JAPAN
                    7.2.2.6.1 MARKET SCENARIO
                    7.2.2.6.2 REVENUE AND SHIPMENT ESTIMATES
      7.2.3 EUROPE
            7.2.3.1 INTRODUCTION
            7.2.3.2 REVENUE AND SHIPMENT ESTIMATES
            7.2.3.3 COUNTRY LEVEL ANALYSIS
            7.2.3.4 GERMANY
                    7.2.3.4.1 MARKET SCENARIO
                    7.2.3.4.2 REVENUE AND SHIPMENT ESTIMATES
            7.2.3.5 FRANCE
                    7.2.3.5.1 MARKET SCENARIO
                    7.2.3.5.2 REVENUE AND SHIPMENT ESTIMATES
            7.2.3.6 ITALY
                    7.2.3.6.1 MARKET SCENARIO
                    7.2.3.6.2 REVENUE AND SHIPMENT ESTIMATES
            7.2.3.7 U.K.
                    7.2.3.7.1 MARKET SCENARIO
                    7.2.3.7.2 REVENUE AND SHIPMENT ESTIMATES
            7.2.3.8 RUSSIA
                    7.2.3.8.1 MARKET SCENARIO
                    7.2.3.8.2 REVENUE AND MARKET ESTIMATES
            7.2.3.9 REST OF EUROPE
                    7.2.3.9.1 MARKET SCENARIO
                    7.2.3.9.2 REVENUE AND SHIPMENT ESTIMATES
      7.2.4 NORTH AMERICA
            7.2.4.1 INTRODUCTION
            7.2.4.2 REVENUE AND SHIPMENT ESTIMATES
            7.2.4.3 COUNTRY LEVEL ANALYSIS
            7.2.4.4 U.S.
                    7.2.4.4.1 MARKET SCENARIO
                    7.2.4.4.2 REVENUE AND SHIPMENT ESTIMATES
      7.2.5 LATIN AMERICA
            7.2.5.1 INTRODUCTION
            7.2.5.2 REVENUE AND SHIPMENT ESTIMATES
            7.2.5.3 COUNTRY LEVEL ANALYSIS
                    7.2.5.3.1 HIGH POWER DRIVES MARKET ANALYSIS
      7.2.6 MIDDLE EAST & AFRICA
            7.2.6.1 INTRODUCTION
            7.2.6.2 REVENUE AND SHIPMENT ESTIMATES

8 COMPETITIVE LANDSCAPE
  8.1 INTRODUCTION
  8.2 SUPPLY CONTRACT
  8.3 NEW PRODUCTS LAUNCH
  8.4 EXPANSIONS
  8.5 ACQUISITIONS & EXPANSIONS
  8.6 PARTNERSHIPS
  8.7 OTHERS

9 COMPANY PROFILE
  9.1 ABB LTD
      9.1.1 OVERVIEW
      9.1.2 PRODUCTS & SERVICES
      9.1.3 FINANCIALS
      9.1.4 STRATEGY
      9.1.5 DEVELOPMENTS
  9.2 AMERICAN ELECTRIC TECHNOLOGIES INC. (AETI)
      9.2.1 OVERVIEW
      9.2.2 PRODUCTS & SERVICES
      9.2.3 FINANCIALS
      9.2.4 STRATEGY
  9.3 AMTECH ELECTRONICS INDIA LTD
      9.3.1 OVERVIEW
      9.3.2 PRODUCTS & SERVICES
      9.3.3 FINANCIALS
      9.3.4 STRATEGY
  9.4 CROMPTON GREAVES LTD
      9.4.1 OVERVIEW
      9.4.2 PRODUCTS & SERVICES
      9.4.3 FINANCIALS
      9.4.4 STRATEGY
      9.4.5 DEVELOPMENTS
  9.5 DANFOSS VLT DRIVES
      9.5.1 OVERVIEW
      9.5.2 PRODUCTS & SERVICES
      9.5.3 FINANCIALS
      9.5.4 STRATEGY
      9.5.5 DEVELOPMENTS
  9.6 EATON CORP.
      9.6.1 OVERVIEW
      9.6.2 PRODUCTS & SERVICES
      9.6.3 FINANCIALS
      9.6.4 STRATEGY
      9.6.5 DEVELOPMENTS
  9.7 EMERSON INDUSTRIAL AUTOMATION
      9.7.1 OVERVIEW
      9.7.2 PRODUCTS & SERVICES
      9.7.3 FINANCIALS
      9.7.4 STRATEGY
      9.7.5 DEVELOPMENTS
  9.8 FUJI ELECTRIC CO. LTD
      9.8.1 OVERVIEW
      9.8.2 PRODUCTS & SERVICES
      9.8.3 FINANCIALS
      9.8.4 STRATEGY
      9.8.5 DEVELOPMENTS
  9.9 GE ENERGY POWER CONVERSION
      9.9.1 OVERVIEW
      9.9.2 PRODUCTS & SERVICES
      9.9.3 FINANCIALS
      9.9.4 STRATEGY
      9.9.5 DEVELOPMENTS
  9.10 HICONICS DRIVE TECHNOLOGY CO. LTD
       9.10.1 OVERVIEW
       9.10.2 PRODUCTS & SERVICES
       9.10.3 FINANCIALS
       9.10.4 STRATEGY
       9.10.5 DEVELOPMENTS
  9.11 HITACHI LTD
       9.11.1 OVERVIEW
       9.11.2 PRODUCTS & SERVICES
       9.11.3 FINANCIALS
       9.11.4 STRATEGY
       9.11.5 DEVELOPMENTS
  9.12 HONEYWELL INTERNATIONAL INC.
       9.12.1 OVERVIEW
       9.12.2 PRODUCTS & SERVICES
       9.12.3 FINANCIALS
       9.12.4 STRATEGY
  9.13 JOHNSON CONTROLS INC.
       9.13.1 OVERVIEW
       9.13.2 PRODUCT & SERVICES
       9.13.3 FINANCIALS
       9.13.4 STRATEGY
       9.13.5 DEVELOPMENTS
  9.14 KB ELECTRONICS INC.
       9.14.1 OVERVIEW
       9.14.2 PRODUCTS & SERVICES
       9.14.3 FINANCIALS
       9.14.4 STRATEGY
       9.14.5 DEVELOPMENTS
  9.15 MITSUBISHI ELECTRIC CORPORATION
       9.15.1 OVERVIEW
       9.15.2 PRODUCTS & SERVICES
       9.15.3 FINANCIALS
       9.15.4 STRATEGY
       9.15.5 DEVELOPMENTS
  9.16 ROCKWELL AUTOMATION INC.
       9.16.1 OVERVIEW
       9.16.2 PRODUCTS & SERVICES
       9.16.3 FINANCIALS
       9.16.4 STRATEGY
       9.16.5 DEVELOPMENTS
  9.17 SCHNEIDER ELECTRIC SA
       9.17.1 OVERVIEW
       9.17.2 PRODUCTS & SERVICES
       9.17.3 FINANCIALS
       9.17.4 STRATEGY
       9.17.5 DEVELOPMENTS
  9.18 SIEMENS INDUSTRY INC.
       9.18.1 OVERVIEW
       9.18.2 PRODUCTS & SERVICES
       9.18.3 FINANCIALS
       9.18.4 STRATEGY
       9.18.5 DEVELOPMENTS
  9.19 TOSHIBA INTERNATIONAL CORPORATION
      9.19.1 OVERVIEW
      9.19.2 PRODUCTS & SERVICES
      9.19.3 FINANCIALS
      9.19.4 STRATEGY
      9.19.5 DEVELOPMENTS
  9.20 VACON PLC
       9.20.1 OVERVIEW
       9.20.2 PRODUCTS & SERVICES
       9.20.3 FINANCIALS
       9.20.4 STRATEGY
       9.20.5 DEVELOPMENTS
  9.21 YASKAWA ELECTRIC CORP.
       9.21.1 OVERVIEW
       9.21.2 PRODUCTS & SERVICES
       9.21.3 FINANCIALS
       9.21.4 STRATEGY
       9.21.5 DEVELOPMENTS


APPENDIX
U.S. PATENTS
EUROPE PATENTS
JAPAN PATENTS
 
 
LIST OF TABLES
 
TABLE 1 VFD MARKET REVENUE, BY GEOGRAPHY, 2010 - 2017 ($MILLION)
TABLE 2 VFD MARKET REVENUE ($MILLION) & UNIT SHIPMENTS (’000 UNITS), 2010 – 2017
TABLE 3 VFD MARKET REVENUE, BY TYPES, 2010 - 2017 ($MILLION)
TABLE 4 AC DRIVES: PROS & CONS
TABLE 5 AC DRIVE MARKET REVENUE, BY GEOGRAPHY, 2010 - 2017 ($MILLION)
TABLE 6 DC DRIVES: PROS & CONS
TABLE 7 DC DRIVE MARKET REVENUE, BY GEOGRAPHY, 2010 - 2017 ($MILLION)
TABLE 8 SERVO DRIVES MARKET REVENUE, BY GEOGRAPHY,2010 - 2017 ($MILLION)
TABLE 9 VFD MARKET REVENUE, BY APPLICATIONS, 2010 - 2017 ($MILLION)
TABLE 10 PUMP APPLICATION: VFD MARKET REVENUE, BY GEOGRAPHY,2010 - 2017 ($MILLION)
TABLE 11 FANS VFD MARKET REVENUE, BY GEOGRAPHY, 2010 - 2017 ($MILLION)
TABLE 12 COMPRESSORS VFD MARKET REVENUE, BY GEOGRAPHY,2010 - 2017 ($MILLION)
TABLE 13 CONVEYORS VFD MARKET REVENUE, BY GEOGRAPHY,2010 - 2017 ($MILLION)
TABLE 14 ELEVATORS VFD MARKET REVENUE, BY GEOGRAPHY,2010 - 2017 ($MILLION)
TABLE 15 EXTRUDER VFD MARKET REVENUE, BY GEOGRAPHY,2010 - 2017 ($MILLION)
TABLE 16 OTHER VFD MARKET REVENUE, BY GEOGRAPHY,2010 - 2017 ($MILLION)
TABLE 17 VFD MARKET REVENUE, BY POWER RANGE, 2010 - 2017 ($MILLION)
TABLE 18 VFD UNIT SHIPMENTS, BY POWER RANGE, 2010 - 2017 ('000 UNITS)
TABLE 19 MICRO POWER DRIVES MARKET REVENUE, BY GEOGRAPHY,2010 - 2017 ($MILLION)
TABLE 20 MICRO POWER DRIVES UNIT SHIPMENTS, BY GEOGRAPHY,2010 - 2017 ('000 UNITS)
TABLE 21 LOW POWER DRIVES MARKET REVENUE, BY GEOGRAPHY,2010 - 2017 ($MILLION)
TABLE 22 LOW POWER DRIVES UNIT SHIPMENTS, BY GEOGRAPHY,2010 - 2017 ('000 UNITS)
TABLE 23 MEDIUM POWER DRIVES MARKET REVENUE, BY GEOGRAPHY,2010 - 2017 ($MILLION)
TABLE 24 MEDIUM POWER DRIVES UNIT SHIPMENTS, BY GEOGRAPHY,2010 - 2017 ('000 UNITS)
TABLE 25 HIGH POWER DRIVES MARKET REVENUE, BY GEOGRAPHY,2010 - 2017 ($MILLION)
TABLE 26 HIGH POWER DRIVES UNIT SHIPMENTS, BY GEOGRAPHY,2010 - 2017 ('000 UNITS)
TABLE 27 VFDMARKET REVENUE, BY VOLTAGE RANGE, 2010 - 2017 ($MILLION)
TABLE 28 LOW VOLTAGE VFD MARKET REVENUE, BY GEOGRAPHY,2010 - 2017 ($MILLION)
TABLE 29 MEDIUM VOLTAGE VFD MARKET REVENUE, BY GEOGRAPHY,2010 - 2017 ($MILLION)
TABLE 30 VFD MARKET REVENUE, BY GEOGRAPHY, 2010 - 2017 ($MILLION)
TABLE 31 VARIABLE FREQUENCY DRIVES UNIT SHIPMENTS,BY GEOGRAPHY, 2010 - 2017 ('000 UNITS)
TABLE 32 ASIA-PACIFIC: VFD MARKET REVENUE, BY APPLICATIONS,2010 - 2017 ($MILLION)
TABLE 33 ASIA-PACIFIC: VFD MARKET REVENUE, BY TYPES,2010 - 2017 ($MILLION)
TABLE 34 ASIA-PACIFIC: VFD MARKET REVENUE, BY POWER RANGE,2010 - 2017 ($MILLION)
TABLE 35 ASIA-PACIFIC: VFD UNIT SHIPMENTS, BY POWER RANGE,2010 - 2017 (‘000 UNITS)
TABLE 36 ASIA-PACIFIC: VFD MARKET REVENUE, BY VOLTAGE RANGE,2010 - 2017 ($MILLION)
TABLE 37 ASIA-PACIFIC: VFD MARKET REVENUE, BY COUNTRY,2010 - 2017 ($MILLION)
TABLE 38 CHINA: VFD MARKET REVENUE, BY POWER RANGE,2010 - 2017 ($MILLION)
TABLE 39 CHINA: VFD UNIT SHIPMENTS, BY POWER RANGE,2010 - 2017 (‘000 UNITS)
TABLE 40 CHINA: VFD MARKET RENGE, BY VOLTAGE RANGE,2010 - 2017 ($MILLION)
TABLE 41 INDIA: VFD MARKET REVENUE, BY POWER RANGE,2010 - 2017 ($MILLION)
TABLE 42 INDIA: VFD UNIT SHIPMENTS, BY POWER RANGE,2010 - 2017 (‘000 UNITS)
TABLE 43 INDIA: VFD MARKET RENGE, BY VOLTAGE RANGE,2010 - 2017 ($MILLION)
TABLE 44 JAPAN: VFD MARKET, BY POWER RANGE, 2010 - 2017 ($MILLION)
TABLE 45 JAPAN: VFD UNIT SHIPMENTS, BY POWER RANGE,2010 – 2017 ('000 UNITS)
TABLE 46 JAPAN: VFD MARKET REVENUE, BY VOLTAGE RANGE,2010 - 2017 ($MILLION)
TABLE 47 EUROPE: VFD MARKET REVENUE, BY APPLICATIONS,2010 - 2017 ($MILLION)
TABLE 48 EUROPE: VFD MARKET REVENUE, BY TYPES, 2010 - 2017 ($MILLION)
TABLE 49 EUROPE: VFD MARKET REVENUE, BY POWER RANGE,2010 - 2017 ($MILLION)
TABLE 50 EUROPE: VFD UNIT SHIPMENTS, BY POWER RANGE,2010 - 2017  ('000 UNITS)
TABLE 51 EUROPE: VFD MARKET REVENUE, BY VOLTAGE RANGE,2010 - 2017 ($MILLION)
TABLE 52 EUROPE: VFD MARKET REVENUE, BY COUNTRY,2010 - 2017 ($MILLION)
TABLE 53 GERMANY: VFD MARKET REVENUE, BY POWER RANGE,2010 - 2017 ($MILLION)
TABLE 54 GERMANY: VFD UNIT SHIPMENTS, BY POWER RANGE,2010 - 2017  ('000 UNITS)
TABLE 55 FRANCE: VFD MARKET REVENUE, BY POWER RANGE,2010 - 2017 ($MILLION)
TABLE 56 FRANCE: VFD UNIT SHIPMENTS, BY POWER RANGE,2010 - 2017  ('000 UNITS)
TABLE 57 ITALY: VFD MARKET REVENUE, BY POWER RANGE,2010 - 2017 ($MILLION)
TABLE 58 ITALY: VFD UNIT SHIPMENTS, BY POWER RANGE,2010 - 2017  ('000 UNITS)
TABLE 59 U.K: VFD MARKET REVENUE, BY POWER RANGE,2010 - 2017 ($MILLION)
TABLE 60 U.K: VFD UNIT SHIPMENTS, BY POWER RANGE,2010 - 2017  ('000 UNITS)
TABLE 61 RUSSIA: VFD MARKET REVENUE, BY POWER RANGE,2010 - 2017 ($MILLION)
TABLE 62 RUSSIA: VFD UNIT SHIPMENTS, BY POWER RANGE,2010 - 2017 ('000 UNITS)
TABLE 63 REST OF EUROPE: VFD MARKET REVENUE, BY POWER RANGE,2010 - 2017 ($MILLION)
TABLE 64 REST OF EUROPE: VFD UNIT SHIPMENTS, BY POWER RANGE,2010 - 2017  ('000 UNITS)
TABLE 65 NORTH AMERICA: VFD MARKET REVENUE, BY APPLICATIONS,2010 – 2017 ($MILLION)
TABLE 66 NORTH AMERICA: VFD MARKET REVENUE, BY TYPES,2010 - 2017 ($MILLION)
TABLE 67 NORTH AMERICA: VFD MARKET REVENUE, BY POWER RANGE,2010 - 2017 ($MILLION)
TABLE 68 NORTH AMERICA: VFD UNIT SHIPMENTS, BY POWER RANGE,2010 - 2017 (‘000 UNITS)
TABLE 69 NORTH AMERICA: VFD MARKET REVENUE, BY VOLTAGE RANGE,2010 - 2017 ($MILLION)
TABLE 70 NORTH AMERICA: VFD MARKET REVENUE, BY COUNTRY,2010 - 2017 ($MILLION)
TABLE 71 U.S: VFD MARKET REVENUE, BY POWER RANGE,2010 - 2017 ($MILLION)
TABLE 72 U.S.: VFD UNIT SHIPMENTS, BY POWER RANGE,2010 - 2017 (‘000 UNITS)
TABLE 73 U.S: VFD MARKET REVENUE, BY VOLTAGE RANGE,2010 - 2017 ($MILLION)
TABLE 74 LATIN AMERICA: VFD MARKET REVENUE, BY APPLICATIONS,2010 – 2017 ($MILLION)
TABLE 75 LATIN AMERICA: VFD MARKET REVENUE, BY TYPES,2010 - 2017 ($MILLION)
TABLE 76 LATIN AMERICA: VFD MARKET REVENUE, BY POWER RANGE,2010 - 2017 ($MILLION)
TABLE 77 LATIN AMERICA: VFD UNIT SHIPMENTS, BY POWER RANGE,2010 - 2017 (‘000 UNITS)
TABLE 78 LATIN AMERICA: VFD MARKET REVENUE, BY VOLTAGE RANGE,2010 – 2017 ($MILLION)
TABLE 79 LATIN AMERICA: VFD MARKET REVENUE, BY COUNTRY,2010 - 2017 ($MILLION)
TABLE 80 LATIN AMERICA: HIGH POWER DRIVES MARKET REVENUE,BY COUNTRY, 2012 – 2017 ($MILLION)
TABLE 81 MIDDLE EAST & AFRICA: VFD MARKET REVENUE, BY APPLICATIONS, 2010 - 2017 ($MILLION)
TABLE 82 MIDDLE EAST & AFRICA: VFD MARKET REVENUE, BY TYPES,2010 - 2017 ($MILLION)
TABLE 83 MIDDLE EAST & AFRICA: VFD MARKET REVENUE, BY POWER RANGE, 2010 - 2017 ($MILLION)
TABLE 84 MIDDLE EAST & AFRICA: VFD UNIT SHIPMENTS, BY POWER RANGE, 2010 - 2017 (‘000 UNITS)
TABLE 85 MIDDLE EAST & AFRICA: VFD MARKET REVENUE, BY VOLTAGE RANGE, 2010 - 2017 ($MILLION)
TABLE 86 SUPPLY CONTRACTS, 2009 – 2012
TABLE 87 NEW PRODUCTS LAUNCH, 2009 – 2012
TABLE 88 EXPANSIONS, 2009 – 2012
TABLE 89 ACQUISITIONS & EXPANSIONS, 2010 – 2012
TABLE 90 PARTNERSHIPS, 2009 – 2012
TABLE 91 OTHERS, 2009 – 2011
TABLE 92 ABB: PRODUCTS & ITS DESCRIPTIONS
TABLE 93 AETI: PRODUCTS & ITS DESCRIPTIONS
TABLE 94 AMTECH: PRODUCTS & ITS DESCRIPTIONS
TABLE 95 CROMPTON GREAVES: PRODUCTS & ITS DESCRIPTIONS
TABLE 96 DANFOSS: PRODUCTS & ITS DESCRIPTIONS
TABLE 97 EATON: PRODUCTS & ITS DESCRIPTIONS
TABLE 98 EMERSONINDUSTRIAL AUTOMATION: PRODUCTS & ITS DESCRIPTIONS
TABLE 99 FUJI ELECTRIC: PRODUCTS & ITS DESCRIPTIONS
TABLE 100 GE ENERGY: PRODUCTS & ITS APPLICATIONS
TABLE 101 HICONICS: PRODUCTS & ITS DESCRIPTIONS
TABLE 102 HITACHI: PRODUCTS & ITS DESCRIPTIONS
TABLE 103 HONEYWELL: PRODUCT TYPES & ITS APPLICATIONS
TABLE 104 JOHNSON CONTROLS: PRODUCTS & ITS DESCRIPTIONS
TABLE 105 KB ELECTRONICS: AC DRIVES PRODUCTS & ITS DESCRIPTIONS
TABLE 106 KB ELECTRONICS: VARIABLE SPEED DC DRIVES PRODUCTS & ITS DESCRIPTIONS
TABLE 107 KB ELECTRONICS: FAN SPEED CONTROLS PRODUCTS & ITS DESCRIPTIONS
TABLE 108 MITSUBISHI ELECTRIC: PRODUCTS & ITS DESCRIPTIONS
TABLE 109 ROCKWELL: PRODUCTS & ITS BRAND
TABLE 110 SCHNEIDER ELECTRIC: PRODUCTS & ITS BRAND
TABLE 111 SIEMENS: PRODUCTS & ITS DESCRIPTIONS
TABLE 112 TIC: PRODUCTS & ITS DESCRIPTIONS
TABLE 113 VACON: PRODUCTS & ITS DESCRIPTIONS
TABLE 114 VACON: TOTAL REVENUE OF COMPONENT SEGMENTS,BY REGION, 2010 - 2011 ($MILLION)
TABLE 115 YASKAWA: PRODUCTS & ITS BRAND
 

LIST OF FIGURES
 
FIGURE 1 VALUE CHAIN FOR VFD MARKET
FIGURE 2 IMPACT ANALYSIS OF MAJOR DRIVERS ON GLOBAL VFD MARKET,2012 – 2017
FIGURE 3 EUROPE: ENERGY CONSUMPTION, BY APPLICATION SECTORS, 2010
FIGURE 4 U.S: COMMERCIAL ELECTRICITY PRICES, 2000 - 2008
FIGURE 5 IMPACT ANALYSIS – RESTRAINTS, 2012 – 2017
FIGURE 6 IMPACT ANALYSIS – OPPORTUNITY, 2012 – 2017
FIGURE 7 GLOBAL VFD MARKET SHARE, BY COMPANY, 2010
FIGURE 8 GLOBAL VFD MARKET SHARE, BY COMPANY, 2012
FIGURE 9 PORTER’S FIVE FORCES MODEL FOR VFD MARKET
FIGURE 10 VARIABLE FREQUENCY/SPEED DRIVES PATENTS,BY GEOGRAPHY, 2009 – 2012
FIGURE 11 PATENT ANALYSIS, 2009 – 2012
FIGURE 12 PATENT ANALYSIS, BY COMPANY, 2009 – 2012
FIGURE 13 VFD MARKET SEGMENTATION, BY TYPES
FIGURE 14 VFD MARKET SHARE, BY TYPES, 2011
FIGURE 15 VFD MARKET SHARE, BY TYPES, 2017
FIGURE 16 VFD MARKET SEGMENTATION, BY APPLICATIONS
FIGURE 17 VFD MARKET SHARE, BY APPLICATIONS, 2011
FIGURE 18 VFD MARKET SHARE, BY APPLICATIONS, 2017
FIGURE 19 VFD MARKET, BY POWER RANGE
FIGURE 20 VFD MARKET SHARE, BY POWER RANGE, 2011
FIGURE 21 VFD MARKET SHARE, BY POWER RANGE, 2017
FIGURE 22 VFD MARKET, BY VOLATGE RANGE
FIGURE 23 VFD MARKET SHARE, BY VOLTAGE RANGE, 2011
FIGURE 24 VFD MARKET SHARE, BY VOLTAGE RANGE, 2017
FIGURE 25 VFD MARKET SEGMENTATION, BY GEOGRAPHY
FIGURE 26 VFD MARKET SHARE, BY GEOGRAPHY, 2011
FIGURE 27 VDF MARKET SHARE, BY GEOGRAPHY, 2017
FIGURE 28 COMPETITIVE DEVELOPMENTS, 2009 – 2012
FIGURE 29 SUPPLY CONTRACTS, 2009 – 2012
FIGURE 30 NEW PRODUCTS LAUNCH, 2009 – 2012
FIGURE 31 EXPANSIONS, 2009 – 2012
FIGURE 32 ACQUISITIONS &EXPANSIONS, 2010 - 2012
FIGURE 33 PARTNERSHIPS, 2009 – 2012
FIGURE 34 OTHERS, 2009 – 2011

Global Variable Frequency Drives (VFD) or Variable Speed Drive (VSD) or Adjustable Speed Drives (ASD) or Frequency Inverter market is witnessing high growth on an account of increasing infrastructure expenditure and growing demand for efficiency around the globe, especially in Asia-Pacific region. Asia-Pacific holds major market share followed by Europe and North America. In terms of individual countries, the market is dominated by China on an account of its thriving and expanding manufacturing sector which is the biggest consumer of VFDs.

VFD Market Share, By Geography, 2011

Variable Frequency Drive Market


Source: MarketsandMarkets Analysis

Major players of this market are ABB Ltd (Switzerland), Siemens Industry Inc. (U.S.), Schneider Electric SA (France), Rockwell Automation (U.S.), Danfoss Drives (Denmark), and Yaskawa Electric Corp (Japan). Most of these companies mainly relied on growth strategies such as new products launch and acquisitions & expansions. The growing demand for VFDs globally has prompted most of the companies to launch highly innovative and customized products, influencing them to bag more supply contracts to improve their market share.

Every company, whether big or small, wants to penetrate deeper into the existing market and at the same time expand into new and emerging markets to increase their sales margin; thereby increasing their overall revenue. The companies involved in VFD business are thus expanding into emerging markets such as Asia-Pacific, Russia, and South America.

Recent slump experienced by electrical and electronic manufacturing industry along with an implementation costs and downtime involved with an application of VFD has pegged the growth of this market. But this effect would be negated in the long run and the market would continue to grow at a very significant rate in the future due to an increasing awareness about numerous advantages offered by drives and due to recent imposition of stricter energy efficiency norms by various regulatory authorities all over the world.

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