Learn about the global variable frequency drives market through The Business Research Company, which provides information on variable frequency drives market size, variable frequency drives market drivers and restraints, variable frequency drives market players, the COVID-19 impact on the variable frequency drives market, and more.

The global variable frequency drives market size is expected to grow from $16.58 billion in 2021 to $17.37 billion in 2022 at a compound annual growth rate (CAGR) of 4.8%. The global VFD market size is expected to grow to $21.23 billion in 2026 at a CAGR of 5.1%.

Increasing need and government regulations for energy efficiency across various industries are driving the growth of the market.

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The variable frequency drive (VFD) market consists of sales of power electronics-based devices products by entities (organizations, sole traders, and partnerships) that includes a type of motor controller that varies frequency and voltage to drive an electric motor. These drives also can control ramp-up or ramp-down of the motor. These drives help save energy and system efficiency and most commonly used in fans, pumps, conveyors, and compressors.

Global Variable Frequency Drives Market Segments Include:

By Type: AC Drives, DC Drives, Servo Drives

By Power Rating: Low Power Rating, Medium Power Rating, Micro Power Rating, High Power Rating

By Application: Pumps, Fans, Compressors, Conveyors, Others

By End-User: Food and Beverages, Oil and Gas, Power Generation, Infrastructure, Others

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia-Pacific was the largest region in the variable frequency drives market in 2021.

Technological advancements are the main trend that is gaining popularity in the variable frequency drives market. Many companies are developing new products to provide an enhanced experience to their clients.

TBRC’s Variable Frequency Drives Market Report Covers:

Major Market Players: Eaton Corporation, Hitachi Hi-rel Power Electronics, Rockwell Automation, Johnson Controls, Anaheim Automation, WEG, ABB, Nidec Motor Corporation, Siemens, Danfoss, Honeywell International, TMEIC, Fuji Electric Corp, Schneider electric, Yaskawa Corporation, General Electric, Mitsubishi Electric Automation, Toshiba International Corporation, Delta Electronics.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)

The Variable Frequency Drives Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026 is one of a series of new reports from The Business Research Company that provides variable frequency drives market overviews, analyzes and forecasts market size, share, variable frequency drives market players, variable frequency drives market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s variable frequency drives market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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