Variable Frequency Drive (VFD) Market Size, Business Growth and Opportunities and Forecasts to 2028 New Report Insights

Latest research report on “Variable Frequency Drive (VFD) Market” now available at high quality database of ReportsnReports.com with market size, share, trends, competitive and statistical analysis. An exclusive data offered in this report is collected by research and industry experts team.

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Variable frequency Drive (VFD) is an electric power control device which controls AC motor by changing the working power frequency of the motor by using frequency conversion technology and microelectronic technology. The frequency converter is mainly composed of rectifier (AC to DC), filter, inverter (DC to AC), brake unit, drive unit, detection unit, micro-processing unit, etc.
This report contains market size and forecasts of Variable Frequency Drive (VFD) in global, including the following market information:
Global Variable Frequency Drive (VFD) Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global Variable Frequency Drive (VFD) Market Sales, 2017-2022, 2023-2028, (K Units)
Global top five Variable Frequency Drive (VFD) companies in 2021 (%)
The global Variable Frequency Drive (VFD) market was valued at 15400 million in 2021 and is projected to reach US$ 19020 million by 2028, at a CAGR of 3.1% during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
MV and LV Frequency Converter Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Variable Frequency Drive (VFD) include ABB, SIEMENS, Schneider, Danfoss, Rockwell, YASKAWA, MITSUBISHI ELECTRIC, Fuji Electric and Inovance Technology, etc. In 2021, the global top five players have a share approximately % in terms of revenue.

MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Variable Frequency Drive (VFD) manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.

Total Market by Segment:
Global Variable Frequency Drive (VFD) Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Variable Frequency Drive (VFD) Market Segment Percentages, by Type, 2021 (%)
– MV and LV Frequency Converter
– High Voltage Frequency Converter
Global Variable Frequency Drive (VFD) Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Variable Frequency Drive (VFD) Market Segment Percentages, by Application, 2021 (%)
– Electric Power
– Mining
– Metallurgical
– Petrochemical
– Building Materials
– Others
Global Variable Frequency Drive (VFD) Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Variable Frequency Drive (VFD) Market Segment Percentages, By Region and Country, 2021 (%)
– North America
– – US
– – Canada
– – Mexico
– Europe
– – Germany
– – France
– – U.K.
– – Italy
– – Russia
– – Nordic Countries
– – Benelux
– – Rest of Europe
– Asia
– – China
– – Japan
– – South Korea
– – Southeast Asia
– – India
– – Rest of Asia
– South America
– – Brazil
– – Argentina
– – Rest of South America
– Middle East & Africa
– – Turkey
– – Israel
– – Saudi Arabia
– – UAE
– – Rest of Middle East & Africa

Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Variable Frequency Drive (VFD) revenues in global market, 2017-2022 (Estimated), ($ millions)
Key companies Variable Frequency Drive (VFD) revenues share in global market, 2021 (%)
Key companies Variable Frequency Drive (VFD) sales in global market, 2017-2022 (Estimated), (K Units)
Key companies Variable Frequency Drive (VFD) sales share in global market, 2021 (%)

Further, the report presents profiles of competitors in the market, key players include:
– ABB
– SIEMENS
– Schneider
– Danfoss
– Rockwell
– YASKAWA
– MITSUBISHI ELECTRIC
– Fuji Electric
– Inovance Technology
– Delta
– GE Power Conversion
– INVT
– Hiconics Eco-energy Technology
– VEICHI
– HopeSenlan Science and Technology
– EURA DRIVES
– POWTRAN
– Sichuan Jialing Electrical
– Xinfengguang Electronics
– SINEE

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