可変周波数ドライブ市場 – 2029年までの世界予測

Variable Frequency Drive Market - Global Forecast To 2029

可変周波数ドライブ市場 - タイプ (AC ドライブ、DC ドライブ、サーボドライブ)、用途 (ポンプ、ファン、コンプレッサー、コンベア)、電力定格 (マイクロ、低、中、高)、電圧、エンド ユーザー、地域別 - 2029年までの世界予測
Variable Frequency Drive Market by Type (AC Drive, DC Drive, Servo Drive), Application (Pumps, Fans, Compressors, Conveyors), Power Rating (Micro, Low, Medium, High), Voltage, End User and Region - Global Trends & Forecast to 2029

商品番号 : SMB-14836

出版社MarketsandMarkets
出版年月2024年12月
ページ数299
図表数344
価格タイプシングルユーザライセンス
価格USD 4,950
種別英文調査報告書

Report Overview

The Variable Frequency Drive market is projected to reach USD 30.36 billion by 2029 from an estimated USD 23.46 billion in 2024, at a CAGR of 5.3% during the forecast period (2024–2029). Increased industrialization increases the energy consumption and complexity in the manufacturing process, hence the need for VFDs to increase the motor efficiency, reduce the energy consumption costs, and optimize system performance. The growing focus on energy conservation and business operation efficiency is a further driver of the increase in VFD adoption.

可変周波数ドライブ市場は、予測期間(2024~2029年)中に5.3%のCAGRで成長し、2024年の推定234億6,000万米ドルから2029年には303億6,000万米ドルに達すると予測されています。工業化の進展により、製造プロセスにおけるエネルギー消費と複雑さが増すため、モーターの効率を高め、エネルギー消費コストを削減し、システムパフォーマンスを最適化するためにVFDが必要になります。エネルギー節約と事業運営の効率化への注目の高まりも、VFD採用の増加のさらなる原動力となっています。

可変周波数ドライブ市場 - 2029年までの世界予測
variable-frequency-drive-market

“AC Drives is expected to grow as the largest segment during the forecast period.”

The AC drive is considered the fastest-growing product segment in the VFD market due to the ability to provide fine motor control and high energy efficiency. In these times of growing industrialization, energy-saving solutions will achieve great deal-breakers in manufacturing, mining, and HVAC systems, among others. AC drives present reduced energy consumption, lower operation cost, as well as improved performance that aligns with businesses’ interests in improving productivity at the lowest possible cost. Further, the decreasing cost of AC drive technology and the ongoing improvements in production methods are making this an accessible and attractive option for industries around the world.

“Pumps segment is expected to emerge as the largest segment by application.”

The use of pumps accounts for the most prominent segment of the Variable Frequency Drive market because their energy saving potential is at a very high scale, and they are being increasingly adopted in various industries. VFDs can control variable speed of pumps, thereby allowing more efficient performance while at the same time reducing energy consumption in water treatment and HVAC to the oil and gas industries. The VFDs minimize and avoid energy waste as well as mechanical wear through the modulation of the motor speed to meet the demands for effective efficiency. Very relevant to this application in centrifugal pumps is where the need for variable control of flow reduces energy, hence increasing the lifespan of equipment under base loads by using VFDs for pump-based systems.

“India to grow at the highest CAGR for Asia Pacific Variable Frequency Drive market.”

The fastest-growing country in the VFD market is India, as it rapidly industrializes and focuses on energy efficiency. Significant infrastructure development in the country along with a rising demand for automation in manufacturing sectors, water treatment plants, and HVAC systems is pushing up the growth of the VFD market. India’s energy efficiency initiatives and government policies supporting industrial growth are the other reasons for increased VFD adoption. With a burgeoning industrial base and moving closer to modernizing its infrastructure, India is likely to witness significant market growth going forward, especially in the areas where efficient motor control systems are critical.

In-depth interviews have been conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information, as well as to assess future market prospects. The distribution of primary interviews is as follows:

  • By Company Type: Tier 1- 30%, Tier 2- 45%, and Tier 3- 25%
  • By Designation: C-Level- 30%, Director Levels- 20%, and Others- 50%
  • By Region: North America- 18%, Europe- 8%, Asia Pacific- 60%, the Middle East & Africa- 10%, and South America- 4%

Note: Others include sales managers, engineers, and regional managers.

Note: The tiers of the companies are defined based on their total revenues as of 2023. Tier 1: > USD 1 billion, Tier 2: From USD 500 million to USD 1 billion, and Tier 3: < USD 500 million

ABB (Switzerland), Siemens (Germany), Schneider Electric (France), Danfoss (Denmark), Rockwell Automation (US) are some of the key players in the Variable Frequency Drive market.

The study includes an in-depth competitive analysis of these key players in the Variable Frequency Drive market, with their company profiles, recent developments, and key market strategies.

Research Coverage:

The report defines, describes, and forecasts the Variable Frequency Drive market by Type (AC Drives, DC Drivers and Servo Motors), By Power Rating (Micro Power Drive, Low Power Drive, Medium Power Drive and High Power Drive), By Application (Pumps, Compressors, Conveyors, Fans and Others), By End User (Oil & Gas, Industrial, Power, Infrastructure), By Voltage (Low Voltage and Medium Voltage) and By Region (North America, South America, Europe, Asia Pacific, and Middle east & Africa). The scope of the report covers detailed information regarding the major factors, such as drivers, restraints, challenges, and opportunities, influencing the growth of the Variable Frequency Drive market. A detailed analysis of the key industry players has been done to provide insights into their business overview, solutions, and services; key strategies; Contracts, partnerships, agreements. new product & service launches, mergers and acquisitions, and recent developments associated with the Variable Frequency Drive market. Competitive analysis of upcoming startups in the Variable Frequency Drive market ecosystem is covered in this report.

Key Benefits of Buying the Report

  • Analysis of key drivers (Increasing industrialization and growing demand for energy efficiency, Rising need for enhancing energy efficiency and decreasing energy consumption, Supportive regulatory environment for efficient and effective energy utilization), restraints (Stagnant growth of oil & gas industry and decline in exploration and production activities, Increase in maintenance cost of systems after implementation of variable frequency drives (VFDs), opportunities (Modernization of power infrastructure, Growing use of Industrial Internet of Things (IoT) and robotics technologies), and challenges (Availability of low-cost products in gray market, Shortage of components and parts due to supply chain disruptions) influences the growth of the Variable Frequency Drive market.
  • Product Development/ Innovation: With an investment of USD 26.09 Million, the facility aims to enhance manufacturing capacity and cater to rising demand for automation and energy-efficient solutions. The expansion is expected to boost the VFD (Variable Frequency Drive) market in India by ensuring localized production, timely delivery, and customization capabilities, aligning with the country’s focus on industrial automation and energy efficiency.
  • Market Development: The development of Variable Frequency Drive are moving towards greater efficiency, sustainability, and power generation. Favorable government policies in carbon emission reduction, increasing demand for Variable Frequency Drive in transportation and industrial sectors, create Variable Frequency Drive market growth.
  • Market Diversification: Mitsubishi Electric Corporation has expanded its power device production capacity at its Power Device Works facility in Japan. With an investment of USD 2.2 billion, the expansion aims to meet increasing demand for power devices, including those used in Variable Frequency Drives (VFDs). This global capacity expansion is likely to indirectly benefit the VFD market in India by ensuring a stable supply chain for essential components, supporting continued growth and innovation in the industry.
  • Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players like ABB (Switzerland), Siemens (Germany), Schneider Electric (France), Danfoss (Denmark), Rockwell Automation (US) among others in the Variable Frequency Drive market.

Table of Contents

1               INTRODUCTION              27

1.1           STUDY OBJECTIVES       27

1.2           MARKET DEFINITION   27

1.3           STUDY SCOPE   28

1.3.1        MARKETS COVERED AND REGIONAL SCOPE      28

1.3.2        INCLUSIONS AND EXCLUSIONS 29

1.3.3        YEARS CONSIDERED      30

1.4           CURRENCY CONSIDERED            30

1.5           STAKEHOLDERS               31

1.6           SUMMARY OF CHANGES               31

2               RESEARCH METHODOLOGY       32

2.1           RESEARCH DATA              32

2.1.1        SECONDARY DATA          33

2.1.1.1    Key data from secondary sources       33

2.1.1.2    List of key secondary sources              33

2.1.2        PRIMARY DATA 34

2.1.2.1    Key data from primary sources           34

2.1.2.2    Key industry insights           35

2.1.2.3    List of primary interview participants               35

2.1.2.4    Breakdown of primary interviews      36

2.2           MARKET BREAKDOWN AND DATA TRIANGULATION                 37

2.3           MARKET SCOPE                38

2.4           MARKET SIZE ESTIMATION METHODOLOGY     39

2.4.1        BOTTOM-UP APPROACH              39

2.4.1.1    Demand-side analysis          40

2.4.1.2    Regional analysis  40

2.4.1.3    Country-level analysis          41

2.4.1.4    Demand-side assumptions 41

2.4.1.5    Demand-side calculations   41

2.4.2        TOP-DOWN APPROACH                42

2.4.2.1    Supply-side analysis             43

2.4.2.2    Supply-side assumptions     44

2.4.2.3    Supply-side calculations      44

2.5           FORECAST ASSUMPTIONS           44

2.6           RISK ANALYSIS  44

2.7           RESEARCH ASSUMPTIONS           45

2.8           RESEARCH LIMITATIONS             45

3               EXECUTIVE SUMMARY  46

4               PREMIUM INSIGHTS       51

4.1           ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN VARIABLE FREQUENCY DRIVE MARKET                 51

4.2           ASIA PACIFIC: VARIABLE FREQUENCY DRIVE MARKET,  BY TYPE AND COUNTRY               52

4.3           VARIABLE FREQUENCY DRIVE MARKET, BY TYPE                 52

4.4           VARIABLE FREQUENCY DRIVE MARKET, BY VOLTAGE                 53

4.5           VARIABLE FREQUENCY DRIVE MARKET, BY POWER RATING                53

4.6           VARIABLE FREQUENCY DRIVE MARKET, BY APPLICATION   53

4.7           VARIABLE FREQUENCY DRIVE MARKET, BY END USER                 54

4.8           VARIABLE FREQUENCY DRIVE MARKET, BY REGION                 54

5               MARKET OVERVIEW       55

5.1           INTRODUCTION              55

5.2           MARKET DYNAMICS       55

5.2.1        DRIVERS               56

5.2.1.1    Rising need for enhancing energy efficiency and decreasing energy consumption             56

5.2.1.2    Increasing need for motion control systems in automated production plants 57

5.2.1.3    Growing need for energy efficiency and process optimization in chemicals industry                58

5.2.2        RESTRAINTS      58

5.2.2.1    High installation and maintenance costs          58

5.2.2.2    Stagnant growth of oil & gas industry                58

5.2.3        OPPORTUNITIES              59

5.2.3.1    Government regulations for sustainability       59

5.2.3.2    Growing use of Industrial Internet of Things and robotics technologies           60

5.2.4        CHALLENGES    60

5.2.4.1    Lack of skilled workforce for installation, programming, and maintenance of variable frequency drives         60

5.3           TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS            61

5.4           VALUE CHAIN ANALYSIS               62

5.4.1        RAW MATERIAL PROVIDERS/COMPONENT MANUFACTURERS/SUPPLIERS  62

5.4.2        VARIABLE FREQUENCY DRIVE MANUFACTURERS/ASSEMBLERS              63

5.4.3        DISTRIBUTORS/ RESELLERS       63

5.4.4        END USERS         63

5.4.5        MAINTENANCE/SERVICE PROVIDERS    63

5.5           ECOSYSTEM ANALYSIS  64

5.6           CASE STUDY ANALYSIS 65

5.6.1        MEDIUM-VOLTAGE VARIABLE FREQUENCY DRIVE FOR PREHEATER

HELPED CEMENT PLANT ACHIEVE SUBSTANTIAL ENERGY SAVINGS              65

5.6.2        ADAPTING 11KV MOTOR FOR 6.6KV VARIABLE FREQUENCY DRIVE

WITH STAR-DELTA SOLUTION 65

5.6.3        ENHANCING BALL MILL EFFICIENCY IN IRON ORE MINING WITH

INVERTEK DRIVES LTD.’S OPTIDRIVE P2 VARIABLE FREQUENCY DRIVE   66

5.7           TECHNOLOGY ANALYSIS             66

5.7.1        KEY TECHNOLOGY         66

5.7.1.1    Direct torque control           66

5.7.2        ADJACENT TECHNOLOGY           66

5.7.2.1    Harmonic filtering                66

5.7.3        COMPLEMENTARY TECHNOLOGY           67

5.7.3.1    Internet of Things                 67

5.8           PRICING ANALYSIS          67

5.8.1        AVERAGE SELLING PRICE OF VARIABLE FREQUENCY DRIVES,

BY POWER RATING, 2021–2024    67

5.8.2        AVERAGE SELLING PRICE OF VARIABLE FREQUENCY DRIVES,

BY REGION, 2021–2024    68

5.9           TRADE ANALYSIS             69

5.9.1        IMPORT SCENARIO (HS CODE 850110)    69

5.9.2        EXPORT SCENARIO (HS CODE 850110)    70

5.9.3        IMPORT SCENARIO (HS CODE 850120)    71

5.9.4        EXPORT SCENARIO (HS CODE 850120)    72

5.10         PATENT ANALYSIS          74

5.11         KEY CONFERENCES AND EVENTS, 2025  76

5.12         INVESTMENT AND FUNDING SCENARIO               77

5.13         TARIFF AND REGULATORY LANDSCAPE               78

5.13.1      TARIFFS RELATED TO VARIABLE FREQUENCY DRIVE                 78

5.13.2      REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS             79

5.14         PORTER’S FIVE FORCES ANALYSIS            81

5.14.1      THREAT OF SUBSTITUTES          82

5.14.2      BARGAINING POWER OF SUPPLIERS       82

5.14.3      BARGAINING POWER OF BUYERS             82

5.14.4      THREAT OF NEW ENTRANTS      82

5.14.5      INTENSITY OF COMPETITIVE RIVALRY 82

5.15         KEY STAKEHOLDERS AND BUYING CRITERIA     83

5.15.1      KEY STAKEHOLDERS IN BUYING PROCESS           83

5.15.2      BUYING CRITERIA           83

5.16         IMPACT OF AI/GENERATIVE AI IN VARIABLE FREQUENCY DRIVE MARKET      84

5.16.1      ADOPTION OF AI/GENERATIVE AI IN VARIABLE FREQUENCY DRIVE MARKET      84

5.16.2      IMPACT OF AI/GENERATIVE AI ON DRIVE TYPES, BY REGION                85

5.16.3      IMPACT OF AI/GENERATIVE AI ON VARIABLE FREQUENCY DRIVE MARKET,

BY REGION         85

5.17         MACROECONOMIC OUTLOOK  86

5.17.1      INTRODUCTION              86

5.17.2      GDP TRENDS AND FORECAST   86

5.17.3      INFLATION         87

6               VARIABLE FREQUENCY DRIVE MARKET, BY TYPE                 88

6.1           INTRODUCTION              89

6.2           AC DRIVE             90

6.2.1        INCREASED INDUSTRIAL AUTOMATION AND SMART GRID EXPANSION

TO DRIVE MARKET         90

6.3           DC DRIVE            91

6.3.1        SUPERIOR SPEED CONTROL AND HIGH-SPEED REGULATION

TO DRIVE MARKET         91

6.4           SERVO DRIVE    92

6.4.1        SURGE IN DEMAND FOR AUTOMATION AND SMART MANUFACTURING

TO DRIVE MARKET         92

7               VARIABLE FREQUENCY DRIVE MARKET, BY VOLTAGE                 94

7.1           INTRODUCTION              95

7.2           LOW VOLTAGE 96

7.2.1        INCLINATION TOWARD SUSTAINABILITY TO DRIVE MARKET               96

7.3           MEDIUM VOLTAGE         97

7.3.1        FOCUS ON COST SAVINGS AND OPERATIONAL EFFICIENCY TO  DRIVE MARKET             97

8               VARIABLE FREQUENCY DRIVE MARKET, BY POWER RATING                98

8.1           INTRODUCTION              99

8.2           MICRO POWER DRIVE   100

8.2.1        EXTENSIVE USE IN FOOD & BEVERAGE INDUSTRY DUE TO LOW POWER REQUIREMENTS TO DRIVE MARKET    100

8.3           LOW POWER DRIVE        101

8.3.1        RISING DEMAND FOR ENERGY EFFICIENCY ACROSS DIVERSE INDUSTRIES

TO DRIVE MARKET       101

8.4           MEDIUM POWER DRIVE                102

8.4.1        ESTABLISHMENT OF NEW MANUFACTURING PLANTS TO  DRIVE MARKET      102

8.5           HIGH POWER DRIVE       103

8.5.1        ONGOING DEVELOPMENTS IN STEEL AND MINING INDUSTRIES

TO DRIVE MARKET       103

9               VARIABLE FREQUENCY DRIVE MARKET, BY APPLICATION   104

9.1           INTRODUCTION              105

9.2           PUMPS 106

9.2.1        NEED FOR ENERGY-EFFICIENT SOLUTIONS TO DRIVE MARKET               106

9.3           FANS & BLOWERS            107

9.3.1        ENHANCED SYSTEM PERFORMANCE TO DRIVE MARKET               107

9.4           COMPRESSORS 108

9.4.1        SUBSTANTIAL ENERGY SAVINGS TO DRIVE MARKET                 108

9.5           CONVEYORS      109

9.5.1        REDUCED MECHANICAL STRESS AND ADAPTABILITY TO DRIVE MARKET         109

9.6           OTHER APPLICATIONS 110

10            VARIABLE FREQUENCY DRIVE MARKET, BY END USER                 112

10.1         INTRODUCTION              113

10.2         POWER 114

10.2.1      GLOBAL ENERGY EXPANSION TO DRIVE MARKET                 114

10.3         OIL & GAS            115

10.3.1      SURGE IN INVESTMENTS TO DRIVE MARKET     115

10.4         CHEMICALS & PETROCHEMICALS            116

10.4.1      ADAPTABILITY WHEN HANDLING COMPLEX AND HAZARDOUS MATERIALS

TO DRIVE MARKET         116

10.5         MINING & METAL             117

10.5.1      COMMITMENT TO SUSTAINABILITY TO DRIVE MARKET                 117

10.6         CONSTRUCTION/INFRASTRUCTURE      119

10.6.1      PRECISE CONTROL OVER ACCELERATION AND DECELERATION

TO DRIVE MARKET         119

10.7         FOOD & BEVERAGE        120

10.7.1      STRINGENT SAFETY AND HYGIENE STANDARDS TO DRIVE MARKET 120

10.8         AUTOMOTIVE   121

10.8.1      EXTENSIVE USE IN VEHICLE PRODUCTION TO DRIVE MARKET               121

10.9         WATER & WASTEWATER TREATMENT   122

10.9.1      EMPHASIS ON REGULATING SEWAGE TREATMENT TO DRIVE MARKET 122

10.10       OTHER END USERS         123

11            VARIABLE FREQUENCY DRIVE MARKET, BY REGION                 124

11.1         INTRODUCTION              125

11.2         ASIA PACIFIC     127

11.2.1      CHINA  132

11.2.1.1  Growth in manufacturing sector to drive demand          132

11.2.2      JAPAN   134

11.2.2.1  Growth in chemical industry to drive demand 134

11.2.3      INDIA    135

11.2.3.1  High investment in power sector to drive demand          135

11.2.4      AUSTRALIA         137

11.2.4.1  Growing investment and expanding mining industry to propel market    137

11.2.5      INDONESIA        138

11.2.5.1  Thriving manufacturing sector to drive demand             138

11.2.6      SOUTH KOREA  140

11.2.6.1  Promising growth of automotive and shipbuilding sectors to drive market    140

11.2.7      REST OF ASIA PACIFIC   141

11.3         NORTH AMERICA             143

11.3.1      US           147

11.3.1.1  Surge in crude oil production to drive market 147

11.3.2      CANADA               148

11.3.2.1  Increasing mining activities to drive market    148

11.3.3      MEXICO                150

11.3.3.1  Progress in automobile manufacturing to drive demand                 150

11.4         EUROPE               151

11.4.1      GERMANY           156

11.4.1.1  Growth in automotive industry to boost market growth                 156

11.4.2      RUSSIA 158

11.4.2.1  Expanding oil & gas and nuclear energy sectors to drive significant adoption of VFDs              158

11.4.3      FRANCE                159

11.4.3.1  Growing use of renewable energy and green investments to boost growth    159

11.4.4      UK          161

11.4.4.1  Growth in construction and infrastructure sectors to augment market growth       161

11.4.5      ITALY    162

11.4.5.1  Growth in advanced manufacturing practices to boost market growth    162

11.4.6      SPAIN    163

11.4.6.1  Rise in advanced manufacturing practices to boost market growth                 163

11.4.7      REST OF EUROPE             165

11.5         SOUTH AMERICA             166

11.5.1      BRAZIL 171

11.5.1.1  Optimizing energy consumption in construction industry to drive demand  171

11.5.2      ARGENTINA       172

11.5.2.1  Increased automation to drive demand             172

11.5.3      CHILE   173

11.5.3.1  Increased electricity generation to boost demand           173

11.5.4      REST OF SOUTH AMERICA           175

11.6         MIDDLE EAST & AFRICA                176

11.6.1      GCC COUNTRIES              182

11.6.1.1  Saudi Arabia          182

11.6.1.1.1                Need for energy efficiency and sustainability to accelerate demand in oil & gas industry            182

11.6.1.2  UAE        184

11.6.1.2.1                Rapid expansion of manufacturing industry to drive growth    184

11.6.1.3  Other GCC Countries          185

11.6.2      SOUTH AFRICA 187

11.6.2.1  Restructuring of energy sector to propel demand           187

11.6.3      NIGERIA               188

11.6.3.1  Rapid reforms in power sector to accelerate adoption of VFDs                 188

11.6.4      EGYPT  190

11.6.4.1  Expansion of mining sector to augment market growth 190

11.6.5      REST OF MIDDLE EAST & AFRICA             191

12            COMPETITIVE LANDSCAPE         193

12.1         OVERVIEW          193

12.2         KEY PLAYER STRATEGIES/RIGHT TO WIN, 2020–2025                 193

12.3         REVENUE ANALYSIS, 2019–2023  195

12.4         MARKET SHARE ANALYSIS, 2023                 195

12.5         COMPANY VALUATION AND FINANCIAL METRICS, 2025                 197

12.6         BRAND/PRODUCT COMPARISON             199

12.7         COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023                 200

12.7.1      STARS   200

12.7.2      EMERGING LEADERS     200

12.7.3      PERVASIVE PLAYERS      200

12.7.4      PARTICIPANTS 200

12.7.5      COMPANY FOOTPRINT: KEY PLAYERS, 2023         202

12.7.5.1  Company footprint               202

12.7.5.2  Region footprint   203

12.7.5.3  Power rating footprint         204

12.7.5.4  Type footprint       205

12.7.5.5  Application footprint            206

12.8         COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023        207

12.8.1      PROGRESSIVE COMPANIES         207

12.8.2      RESPONSIVE COMPANIES            207

12.8.3      DYNAMIC COMPANIES  207

12.8.4      STARTING BLOCKS         207

12.8.5      COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2023                 209

12.8.5.1  List of key startups/SMEs  209

12.8.5.2  Competitive benchmarking of key startups/SMEs          209

12.9         COMPETITIVE SCENARIO             210

12.9.1      PRODUCT LAUNCHES   210

12.9.2      DEALS  215

12.9.3      EXPANSIONS     219

12.9.4      OTHER DEVELOPMENTS              221

13            COMPANY PROFILES      223

13.1         KEY PLAYERS     223

13.1.1      ABB        223

13.1.1.1  Business overview 223

13.1.1.2  Products/Services/Solutions offered 224

13.1.1.3  Recent developments           226

13.1.1.3.1                Product launches  226

13.1.1.3.2                Deals      227

13.1.1.3.3                Expansions             227

13.1.1.4  MnM view              228

13.1.1.4.1                Right to win           228

13.1.1.4.2                Strategic choices   228

13.1.1.4.3                Weaknesses and competitive threats 228

13.1.2      SIEMENS              229

13.1.2.1  Business overview 229

13.1.2.2  Products/Services/Solutions offered 231

13.1.2.3  Recent developments           232

13.1.2.3.1                Product launches  232

13.1.2.3.2                Deals      233

13.1.2.3.3                Others    233

13.1.2.4  MnM view              234

13.1.2.4.1                Right to win           234

13.1.2.4.2                Strategic choices   234

13.1.2.4.3                Weaknesses and competitive threats 234

13.1.3      SCHNEIDER ELECTRIC  235

13.1.3.1  Business overview 235

13.1.3.2  Products/Services/Solutions offered 236

13.1.3.3  Recent developments           238

13.1.3.3.1                Product launches  238

13.1.3.3.2                Deals      238

13.1.3.3.3                Other developments             239

13.1.3.4  MnM view              239

13.1.3.4.1                Right to win           239

13.1.3.4.2                Strategic choices   239

13.1.3.4.3                Weaknesses and competitive threats 240

13.1.4      DANFOSS             241

13.1.4.1  Business overview 241

13.1.4.2  Products/Solutions/Services offered 242

13.1.4.3  Recent developments           243

13.1.4.3.1                Product launches  243

13.1.4.3.2                Deals      244

13.1.4.4  MnM view              245

13.1.4.4.1                Right to win           245

13.1.4.4.2                Strategic choices   245

13.1.4.4.3                Weaknesses and competitive threats 245

13.1.5      ROCKWELL AUTOMATION          246

13.1.5.1  Business overview 246

13.1.5.2  Products/Services/Solutions offered 247

13.1.5.3  Recent developments           249

13.1.5.3.1                Product launches  249

13.1.5.3.2                Deals      250

13.1.5.4  MnM view              250

13.1.5.4.1                Right to win           250

13.1.5.4.2                Strategic choices   250

13.1.5.4.3                Weaknesses and competitive threats 250

13.1.6      EATON 251

13.1.6.1  Business overview 251

13.1.6.2  Products/Services/Solutions offered 252

13.1.6.3  Recent developments           253

13.1.6.3.1                Product launches  253

13.1.6.3.2                Deals      254

13.1.7      FUJI ELECTRIC  255

13.1.7.1  Business overview 255

13.1.7.2  Products/Services/Solutions offered 256

13.1.7.3  Recent developments           257

13.1.7.3.1                Product launches  257

13.1.7.3.2                Expansions             257

13.1.8      HITACHI, LTD.  258

13.1.8.1  Business overview 258

13.1.8.2  Products/Services/Solutions offered 259

13.1.9      GENERAL ELECTRIC       261

13.1.9.1  Business overview 261

13.1.9.2  Products/Services/Solutions offered 262

13.1.9.3  Recent developments           263

13.1.9.3.1                Deals      263

13.1.10   NIDEC CORPORATION  264

13.1.10.1                 Business overview 264

13.1.10.2                 Products/Services/Solutions offered 266

13.1.10.3                 Recent developments           266

13.1.10.3.1             Product launches  266

13.1.10.3.2             Deals      267

13.1.10.3.3             Expansions             267

13.1.11   WEG SA 268

13.1.11.1                 Business overview 268

13.1.11.2                 Products/Solutions/Services offered 269

13.1.11.3                 Recent developments           270

13.1.11.3.1             Product launches  270

13.1.11.3.2             Deals      270

13.1.11.3.3             Expansions             271

13.1.12   YASKAWA ELECTRIC CORPORATION      272

13.1.12.1                 Business overview 272

13.1.12.2                 Products/Solutions/Services offered 273

13.1.12.3                 Recent developments           274

13.1.12.3.1             Product launches  274

13.1.12.3.2             Expansions             274

13.1.13   HONEYWELL INTERNATIONAL INC.        275

13.1.13.1                 Business overview 275

13.1.13.2                 Products/Services/Solutions offered 276

13.1.13.3                 Recent developments           277

13.1.13.3.1             Expansions             277

13.1.14   PARKER HANNIFIN CORP             278

13.1.14.1                 Business overview 278

13.1.14.2                 Products/Services/Solutions offered 279

13.1.14.3                 Recent developments           280

13.1.14.3.1             Product launches  280

13.1.15   DELTA ELECTRONICS, INC.         281

13.1.15.1                 Business overview 281

13.1.15.2                 Products/Services/Solutions offered 282

13.1.15.3                 Recent developments           283

13.1.15.3.1             Expansions             283

13.2         OTHER PLAYERS              284

13.2.1      SUMITOMO HEAVY INDUSTRIES, LTD.  284

13.2.2      CG POWER AND INDUSTRIAL SOLUTIONS LIMITED                 284

13.2.3      TMEIC  285

13.2.4      ANAHEIM AUTOMATION             285

13.2.5      SEW-EURODRIVE             286

13.2.6      NORD DRIVE SYSTEMS 286

13.2.7      INOVANCE TECHNOLOGY           287

13.2.8      TECHSUPPEN    287

13.2.9      SHENZHEN GOZUK         288

13.2.10   SAKSUN INDUSTRIES     289

14            APPENDIX           290

14.1         INSIGHTS FROM INDUSTRY EXPERTS     290

14.2         DISCUSSION GUIDE        291

14.3         KNOWLEDGESTORE: MARKETSANDMARKETS’  SUBSCRIPTION PORTAL                295

14.4         CUSTOMIZATION OPTIONS        297

14.5         RELATED REPORTS         297

14.6         AUTHOR DETAILS           298

LIST OF TABLES

TABLE 1                INCLUSIONS AND EXCLUSIONS 29

TABLE 2                USD EXCHANGE RATES, 2020–2023            30

TABLE 3                VARIABLE FREQUENCY DRIVE MARKET SNAPSHOT          46

TABLE 4                OPEC+ CRUDE OIL PRODUCTION (MILLION BARRELS PER DAY)         59

TABLE 5                COMPANIES AND THEIR ROLES IN VARIABLE FREQUENCY DRIVE ECOSYSTEM              64

TABLE 6                AVERAGE SELLING PRICE OF VARIABLE FREQUENCY DRIVES, BY POWER RATING,  2021–2024 (USD/UNIT)       68

TABLE 7                AVERAGE SELLING PRICE OF VARIABLE FREQUENCY DRIVES, BY REGION,

2021–2024 (USD/UNIT)   68

TABLE 8                IMPORT DATA FOR HS CODE 850110 MOTORS OF OUTPUT <= 37.5W,

BY COUNTRY, 2021–2023 (USD THOUSAND)         69

TABLE 9                EXPORT DATA FOR HS CODE 850110 MOTORS OF OUTPUT <= 37.5W,

BY COUNTRY, 2021–2023 (USD THOUSAND)         70

TABLE 10              IMPORT DATA FOR HS CODE 850120 UNIVERSAL AC-DC MOTORS OF

OUTPUT > 37.5W, 2021–2023 (USD THOUSAND) 71

TABLE 11              EXPORT DATA FOR HS CODE 850120 UNIVERSAL AC-DC MOTORS OF

OUTPUT > 37.5W, BY COUNTRY, 2021–2023 (USD THOUSAND)                 73

TABLE 12              LIST OF MAJOR PATENTS, 2020–2022        75

TABLE 13              KEY CONFERENCES AND EVENTS, 2025  76

TABLE 14              IMPORT TARIFF FOR HS CODE 850110 MOTORS OF OUTPUT <= 37.5 W, 2023        78

TABLE 15              IMPORT TARIFF FOR HS CODE 850120 UNIVERSAL AC-DC MOTORS OF

OUTPUT > 37.5 W, 2023  79

TABLE 16              NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS  79

TABLE 17              EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS  80

TABLE 18              ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS  80

TABLE 19              IMPACT OF PORTER’S FIVE FORCES ON VARIABLE FREQUENCY DRIVE MARKET                 81

TABLE 20              INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP DRIVE TYPES              83

TABLE 21              KEY BUYING CRITERIA FOR TOP OFFERINGS                 84

TABLE 22              WORLD GDP GROWTH PROJECTION, 2021–2028 (USD TRILLION)               86

TABLE 23              ANNUAL PERCENTAGE CHANGE IN INFLATION RATE AS PER AVERAGE CONSUMER PRICE IN 2024, BY REGION                 87

TABLE 24              VARIABLE FREQUENCY DRIVE MARKET, BY TYPE, 2021–2024 (USD MILLION)                89

TABLE 25              VARIABLE FREQUENCY DRIVE MARKET, BY TYPE, 2025–2030 (USD MILLION)                89

TABLE 26              AC DRIVE: VARIABLE FREQUENCY DRIVE MARKET, BY REGION,

2021–2024 (USD MILLION)            90

TABLE 27              AC DRIVE: VARIABLE FREQUENCY DRIVE MARKET, BY REGION,

2025–2030 (USD MILLION)            90

TABLE 28              DC DRIVE: VARIABLE FREQUENCY DRIVE MARKET, BY REGION,

2021–2024 (USD MILLION)            91

TABLE 29              DC DRIVE: VARIABLE FREQUENCY DRIVE MARKET, BY REGION,

2025–2030 (USD MILLION)            91

TABLE 30              SERVO DRIVE: VARIABLE FREQUENCY DRIVE MARKET, BY REGION,

2021–2024 (USD MILLION)            92

TABLE 31              SERVO DRIVE: VARIABLE FREQUENCY DRIVE MARKET, BY REGION,

2025–2030 (USD MILLION)            93

TABLE 32              VARIABLE FREQUENCY DRIVE MARKET, BY VOLTAGE, 2021–2024 (USD MILLION)      95

TABLE 33              VARIABLE FREQUENCY DRIVE MARKET, BY VOLTAGE, 2025–2030 (USD MILLION)      95

TABLE 34              LOW VOLTAGE: VARIABLE FREQUENCY DRIVE MARKET, BY REGION,

2021–2024 (USD MILLION)            96

TABLE 35              LOW VOLTAGE: VARIABLE FREQUENCY DRIVE MARKET, BY REGION,

2025–2030 (USD MILLION)            96

TABLE 36              MEDIUM VOLTAGE: VARIABLE FREQUENCY DRIVE MARKET, BY REGION,

2021–2024 (USD MILLION)            97

TABLE 37              MEDIUM VOLTAGE: VARIABLE FREQUENCY DRIVE MARKET, BY REGION,

2025–2030 (USD MILLION)            97

TABLE 38              VARIABLE FREQUENCY DRIVE MARKET, BY POWER RATING,

2021–2024 (USD MILLION)            99

TABLE 39              VARIABLE FREQUENCY DRIVE MARKET, BY POWER RATING,

2025–2030 (USD MILLION)            99

TABLE 40              MICRO POWER DRIVE: VARIABLE FREQUENCY DRIVE MARKET, BY REGION,

2021–2024 (USD MILLION)            100

TABLE 41              MICRO POWER DRIVE: VARIABLE FREQUENCY DRIVE MARKET, BY REGION,

2025–2030 (USD MILLION)            100

TABLE 42              LOW POWER DRIVE: VARIABLE FREQUENCY DRIVE MARKET, BY REGION,

2021–2024 (USD MILLION)            101

TABLE 43              LOW POWER DRIVE: VARIABLE FREQUENCY DRIVE MARKET, BY REGION,

2025–2030 (USD MILLION)            101

TABLE 44              MEDIUM POWER DRIVE: VARIABLE FREQUENCY DRIVE MARKET, BY REGION,  2021–2024 (USD MILLION)                 102

TABLE 45              MEDIUM POWER DRIVE: VARIABLE FREQUENCY DRIVE MARKET, BY REGION,  2025–2030 (USD MILLION)                 102

TABLE 46              HIGH POWER DRIVE: VARIABLE FREQUENCY DRIVE MARKET, BY REGION,

2021–2024 (USD MILLION)            103

TABLE 47              HIGH POWER DRIVE: VARIABLE FREQUENCY DRIVE MARKET, BY REGION,

2025–2030 (USD MILLION)            103

TABLE 48              VARIABLE FREQUENCY DRIVE MARKET, BY APPLICATION,

2021–2024 (USD MILLION)            105

TABLE 49              VARIABLE FREQUENCY DRIVE MARKET, BY APPLICATION,

2025–2030 (USD MILLION)            106

TABLE 50              PUMPS: VARIABLE FREQUENCY DRIVE MARKET, BY REGION,

2021–2024 (USD MILLION)            106

TABLE 51              PUMPS: VARIABLE FREQUENCY DRIVE MARKET, BY REGION,

2025–2030 (USD MILLION)            107

TABLE 52              FANS & BLOWERS: VARIABLE FREQUENCY DRIVE MARKET, BY REGION,

2021–2024 (USD MILLION)            107

TABLE 53              FANS & BLOWERS: VARIABLE FREQUENCY DRIVE MARKET, BY REGION,

2025–2030 (USD MILLION)            108

TABLE 54              COMPRESSORS: VARIABLE FREQUENCY DRIVE MARKET, BY REGION,

2021–2024 (USD MILLION)            108

TABLE 55              COMPRESSORS: VARIABLE FREQUENCY DRIVE MARKET, BY REGION,

2025–2030 (USD MILLION)            109

TABLE 56              CONVEYORS: VARIABLE FREQUENCY DRIVE MARKET, BY REGION,

2021–2024 (USD MILLION)            109

TABLE 57              CONVEYORS: VARIABLE FREQUENCY DRIVE MARKET, BY REGION,

2025–2030 (USD MILLION)            110

TABLE 58              OTHER APPLICATIONS: VARIABLE FREQUENCY DRIVE MARKET, BY REGION,

2021–2024 (USD MILLION)            110

TABLE 59              OTHER APPLICATIONS: VARIABLE FREQUENCY DRIVE MARKET, BY REGION,

2025–2030 (USD MILLION)            111

TABLE 60              VARIABLE FREQUENCY DRIVE MARKET, BY END USER, 2021–2024 (USD MILLION)                113

TABLE 61              VARIABLE FREQUENCY DRIVE MARKET, BY END USER, 2025–2030 (USD MILLION)                114

TABLE 62             POWER: VARIABLE FREQUENCY DRIVE MARKET, BY REGION,

2021–2024 (USD MILLION)            115

TABLE 63             POWER: VARIABLE FREQUENCY DRIVE MARKET, BY REGION,

2025–2030 (USD MILLION)            115

TABLE 64              OIL & GAS: VARIABLE FREQUENCY DRIVE MARKET, BY REGION,

2021–2024 (USD MILLION)            116

TABLE 65              OIL & GAS: VARIABLE FREQUENCY DRIVE MARKET, BY REGION,

2025–2030 (USD MILLION)            116

TABLE 66              CHEMICALS & PETROCHEMICALS: VARIABLE FREQUENCY DRIVE MARKET,

BY REGION, 2021–2024 (USD MILLION)   117

TABLE 67              CHEMICALS & PETROCHEMICALS: VARIABLE FREQUENCY DRIVE MARKET,

BY REGION, 2025–2030 (USD MILLION)   117

TABLE 68              MINING & METAL: VARIABLE FREQUENCY DRIVE MARKET, BY REGION,

2021–2024 (USD MILLION)            118

TABLE 69              MINING & METAL: VARIABLE FREQUENCY DRIVE MARKET, BY REGION,

2025–2030 (USD MILLION)            118

TABLE 70              CONSTRUCTION/INFRASTRUCTURE: VARIABLE FREQUENCY DRIVE MARKET,

BY REGION, 2021–2024 (USD MILLION)   119

TABLE 71              CONSTRUCTION/INFRASTRUCTURE: VARIABLE FREQUENCY DRIVE MARKET,

BY REGION, 2025–2030 (USD MILLION)   119

TABLE 72              FOOD & BEVERAGE: VARIABLE FREQUENCY DRIVE MARKET, BY REGION,

2021–2024 (USD MILLION)            120

TABLE 73              FOOD & BEVERAGE: VARIABLE FREQUENCY DRIVE MARKET, BY REGION,

2025–2030 (USD MILLION)            120

TABLE 74              AUTOMOTIVE: VARIABLE FREQUENCY DRIVE MARKET, BY REGION,

2021–2024 (USD MILLION)            121

TABLE 75              AUTOMOTIVE: VARIABLE FREQUENCY DRIVE MARKET, BY REGION,

2025–2030 (USD MILLION)            121

TABLE 76              WATER & WASTEWATER TREATMENT: VARIABLE FREQUENCY DRIVE MARKET,

BY REGION, 2021–2024 (USD MILLION)   122

TABLE 77              WATER & WASTEWATER TREATMENT: VARIABLE FREQUENCY DRIVE MARKET,

BY REGION, 2025–2030 (USD MILLION)   122

TABLE 78              OTHER END USERS: VARIABLE FREQUENCY DRIVE MARKET, BY REGION,

2021–2024 (USD MILLION)            123

TABLE 79              OTHER END USERS: VARIABLE FREQUENCY DRIVE MARKET, BY REGION,

2025–2030 (USD MILLION)            123

TABLE 80              VARIABLE FREQUENCY DRIVE MARKET, BY REGION, 2021–2024 (USD MILLION)          126

TABLE 81              VARIABLE FREQUENCY DRIVE MARKET, BY REGION, 2025–2030 (USD MILLION)          126

TABLE 82              VARIABLE FREQUENCY DRIVE MARKET, BY REGION,

2021–2024 (THOUSAND UNITS)  127

TABLE 83              VARIABLE FREQUENCY DRIVE MARKET, BY REGION,

2025–2030 (THOUSAND UNITS)  127

TABLE 84              ASIA PACIFIC: VARIABLE FREQUENCY DRIVE MARKET, BY TYPE,

2021–2024 (USD MILLION)            128

TABLE 85              ASIA PACIFIC: VARIABLE FREQUENCY DRIVE MARKET, BY TYPE,

2025–2030 (USD MILLION)            129

TABLE 86              ASIA PACIFIC: VARIABLE FREQUENCY DRIVE MARKET, BY POWER RATING,

2021–2024 (USD MILLION)            129

TABLE 87              ASIA PACIFIC: VARIABLE FREQUENCY DRIVE MARKET, BY POWER RATING,

2025–2030 (USD MILLION)            129

TABLE 88              ASIA PACIFIC: VARIABLE FREQUENCY DRIVE MARKET, BY VOLTAGE,

2021–2024 (USD MILLION)            129

TABLE 89              ASIA PACIFIC: VARIABLE FREQUENCY DRIVE MARKET, BY VOLTAGE,

2025–2030 (USD MILLION)            130

TABLE 90              ASIA PACIFIC: VARIABLE FREQUENCY DRIVE MARKET, BY APPLICATION,

2021–2024 (USD MILLION)            130

TABLE 91              ASIA PACIFIC: VARIABLE FREQUENCY DRIVE MARKET, BY APPLICATION,

2025–2030 (USD MILLION)            130

TABLE 92              ASIA PACIFIC: VARIABLE FREQUENCY DRIVE MARKET, BY END USER,

2021–2024 (USD MILLION)            131

TABLE 93              ASIA PACIFIC: VARIABLE FREQUENCY DRIVE MARKET, BY END USER,

2025–2030 (USD MILLION)            131

TABLE 94              ASIA PACIFIC: VARIABLE FREQUENCY DRIVE MARKET, BY COUNTRY,

2021–2024 (USD MILLION)            132

TABLE 95              ASIA PACIFIC: VARIABLE FREQUENCY DRIVE MARKET, BY COUNTRY,

2025–2030 (USD MILLION)            132

TABLE 96              CHINA: VARIABLE FREQUENCY DRIVE MARKET, BY END USER,

2021–2024 (USD MILLION)            133

TABLE 97              CHINA: VARIABLE FREQUENCY DRIVE MARKET, BY END USER,

2025–2030 (USD MILLION)            133

TABLE 98              JAPAN: VARIABLE FREQUENCY DRIVE MARKET, BY END USER,

2021–2024 (USD MILLION)            134

TABLE 99              JAPAN: VARIABLE FREQUENCY DRIVE MARKET, BY END USER,

2025–2030 (USD MILLION)            135

TABLE 100            INDIA: VARIABLE FREQUENCY DRIVE MARKET, BY END USER,

2021–2024 (USD MILLION)            136

TABLE 101            INDIA: VARIABLE FREQUENCY DRIVE MARKET, BY END USER,

2025–2030 (USD MILLION)            136

TABLE 102            AUSTRALIA: VARIABLE FREQUENCY DRIVE MARKET, BY END USER,

2021–2024 (USD MILLION)            137

TABLE 103            AUSTRALIA: VARIABLE FREQUENCY DRIVE MARKET, BY END USER,

2025–2030 (USD MILLION)            138

TABLE 104            INDONESIA: VARIABLE FREQUENCY DRIVE MARKET, BY END USER,

2021–2024 (USD MILLION)            139

TABLE 105            INDONESIA: VARIABLE FREQUENCY DRIVE MARKET, BY END USER,

2025–2030 (USD MILLION)            139

TABLE 106            SOUTH KOREA: VARIABLE FREQUENCY DRIVE MARKET, BY END USER,

2021–2024 (USD MILLION)            140

TABLE 107            SOUTH KOREA: VARIABLE FREQUENCY DRIVE MARKET, BY END USER,

2025–2030 (USD MILLION)            141

TABLE 108            REST OF ASIA PACIFIC: VARIABLE FREQUENCY DRIVE MARKET, BY END USER,  2021–2024 (USD MILLION)                 142

TABLE 109            REST OF ASIA PACIFIC: VARIABLE FREQUENCY DRIVE MARKET, BY END USER,  2025–2030 (USD MILLION)                 142

TABLE 110            NORTH AMERICA: VARIABLE FREQUENCY DRIVE MARKET, BY TYPE,

2021–2024 (USD MILLION)          143

TABLE 111            NORTH AMERICA: VARIABLE FREQUENCY DRIVE MARKET, BY TYPE,

2025–2030 (USD MILLION)            143

TABLE 112            NORTH AMERICA: VARIABLE FREQUENCY DRIVE MARKET, BY POWER RATING,  2021–2024 (USD MILLION)                 144

TABLE 113            NORTH AMERICA: VARIABLE FREQUENCY DRIVE MARKET, BY POWER RATING,  2025–2030 (USD MILLION)                 144

TABLE 114            NORTH AMERICA: VARIABLE FREQUENCY DRIVE MARKET, BY VOLTAGE,

2021–2024 (USD MILLION)            144

TABLE 115            NORTH AMERICA: VARIABLE FREQUENCY DRIVE MARKET, BY VOLTAGE,

2025–2030 (USD MILLION)            144

TABLE 116            NORTH AMERICA: VARIABLE FREQUENCY DRIVE MARKET, BY APPLICATION,

2021–2024 (USD MILLION)            145

TABLE 117            NORTH AMERICA: VARIABLE FREQUENCY DRIVE MARKET, BY APPLICATION,

2025–2030 (USD MILLION)            145

TABLE 118            NORTH AMERICA: VARIABLE FREQUENCY DRIVE MARKET, BY END USER,

2021–2024 (USD MILLION)            145

TABLE 119            NORTH AMERICA: VARIABLE FREQUENCY DRIVE MARKET, BY END USER,

2025–2030 (USD MILLION)            146

TABLE 120            NORTH AMERICA: VARIABLE FREQUENCY DRIVE MARKET, BY COUNTRY,

2021–2024 (USD MILLION)            146

TABLE 121            NORTH AMERICA: VARIABLE FREQUENCY DRIVE MARKET, BY COUNTRY,

2025–2030 (USD MILLION)          146

TABLE 122            US: VARIABLE FREQUENCY DRIVE MARKET, BY END USER,

2021–2024 (USD MILLION)            147

TABLE 123            US: VARIABLE FREQUENCY DRIVE MARKET, BY END USER,

2025–2030 (USD MILLION)            148

TABLE 124            CANADA: VARIABLE FREQUENCY DRIVE MARKET, BY END USER,

2021–2024 (USD MILLION)            149

TABLE 125            CANADA: VARIABLE FREQUENCY DRIVE MARKET, BY END USER,

2025–2030 (USD MILLION)            149

TABLE 126            MEXICO: VARIABLE FREQUENCY DRIVE MARKET, BY END USER,

2021–2024 (USD MILLION)            150

TABLE 127            MEXICO: VARIABLE FREQUENCY DRIVE MARKET, BY END USER,

2025–2030 (USD MILLION)            151

TABLE 128            EUROPE: VARIABLE FREQUENCY DRIVE MARKET, BY TYPE,

2021–2024 (USD MILLION)            152

TABLE 129            EUROPE: VARIABLE FREQUENCY DRIVE MARKET, BY TYPE,

2025–2030 (USD MILLION)            152

TABLE 130            EUROPE: VARIABLE FREQUENCY DRIVE MARKET, BY POWER RATING,

2021–2024 (USD MILLION)            152

TABLE 131            EUROPE: VARIABLE FREQUENCY DRIVE MARKET, BY POWER RATING,

2025–2030 (USD MILLION)            152

TABLE 132            EUROPE: VARIABLE FREQUENCY DRIVE MARKET, BY VOLTAGE,

2021–2024 (USD MILLION)            153

TABLE 133            EUROPE: VARIABLE FREQUENCY DRIVE MARKET, BY VOLTAGE,

2025–2030 (USD MILLION)          153

TABLE 134            EUROPE: VARIABLE FREQUENCY DRIVE MARKET, BY APPLICATION,

2021–2024 (USD MILLION)            153

TABLE 135            EUROPE: VARIABLE FREQUENCY DRIVE MARKET, BY APPLICATION,

2025–2030 (USD MILLION)            154

TABLE 136            EUROPE: VARIABLE FREQUENCY DRIVE MARKET, BY END USER,

2021–2024 (USD MILLION)            154

TABLE 137            EUROPE: VARIABLE FREQUENCY DRIVE MARKET, BY END USER,

2025–2030 (USD MILLION)            155

TABLE 138            EUROPE: VARIABLE FREQUENCY DRIVE MARKET, BY COUNTRY,

2021–2024 (USD MILLION)            155

TABLE 139            EUROPE: VARIABLE FREQUENCY DRIVE MARKET, BY COUNTRY,

2025–2030 (USD MILLION)            156

TABLE 140            GERMANY: VARIABLE FREQUENCY DRIVE MARKET, BY END USER,

2021–2024 (USD MILLION)            157

TABLE 141            GERMANY: VARIABLE FREQUENCY DRIVE MARKET, BY END USER,

2025–2030 (USD MILLION)            157

TABLE 142            RUSSIA: VARIABLE FREQUENCY DRIVE MARKET, BY END USER,

2021–2024 (USD MILLION)            158

TABLE 143            RUSSIA: VARIABLE FREQUENCY DRIVE MARKET, BY END USER,

2025–2030 (USD MILLION)          159

TABLE 144            FRANCE: VARIABLE FREQUENCY DRIVE MARKET, BY END USER,

2021–2024 (USD MILLION)          160

TABLE 145            FRANCE: VARIABLE FREQUENCY DRIVE MARKET, BY END USER,

2025–2030 (USD MILLION)            160

TABLE 146            UK: VARIABLE FREQUENCY DRIVE MARKET, BY END USER,

2021–2024 (USD MILLION)            161

TABLE 147            UK: VARIABLE FREQUENCY DRIVE MARKET, BY END USER,

2025–2030 (USD MILLION)            162

TABLE 148            ITALY: VARIABLE FREQUENCY DRIVE MARKET, BY END USER,

2021–2024 (USD MILLION)            163

TABLE 149            ITALY: VARIABLE FREQUENCY DRIVE MARKET, BY END USER,

2025–2030 (USD MILLION)            163

TABLE 150            SPAIN: VARIABLE FREQUENCY DRIVE MARKET, BY END USER,

2021–2024 (USD MILLION)            164

TABLE 151            SPAIN: VARIABLE FREQUENCY DRIVE MARKET, BY END USER,

2025–2030 (USD MILLION)            164

TABLE 152            REST OF EUROPE: VARIABLE FREQUENCY DRIVE MARKET, BY END USER,

2021–2024 (USD MILLION)            165

TABLE 153            REST OF EUROPE: VARIABLE FREQUENCY DRIVE MARKET, BY END USER,

2025–2030 (USD MILLION)            166

TABLE 154            SOUTH AMERICA: VARIABLE FREQUENCY DRIVE MARKET, BY TYPE,

2021–2024 (USD MILLION)            167

TABLE 155            SOUTH AMERICA: VARIABLE FREQUENCY DRIVE MARKET, BY TYPE,

2025–2030 (USD MILLION)            167

TABLE 156            SOUTH AMERICA: VARIABLE FREQUENCY DRIVE MARKET, BY POWER RATING,  2021–2024 (USD MILLION)                 167

TABLE 157            SOUTH AMERICA: VARIABLE FREQUENCY DRIVE MARKET, BY POWER RATING,  2025–2030 (USD MILLION)                 168

TABLE 158            SOUTH AMERICA: VARIABLE FREQUENCY DRIVE MARKET, BY VOLTAGE,

2021–2024 (USD MILLION)            168

TABLE 159            SOUTH AMERICA: VARIABLE FREQUENCY DRIVE MARKET, BY VOLTAGE,

2025–2030 (USD MILLION)            168

TABLE 160            SOUTH AMERICA: VARIABLE FREQUENCY DRIVE MARKET, BY APPLICATION,

2021–2024 (USD MILLION)            168

TABLE 161            SOUTH AMERICA: VARIABLE FREQUENCY DRIVE MARKET, BY APPLICATION,

2025–2030 (USD MILLION)            169

TABLE 162            SOUTH AMERICA: VARIABLE FREQUENCY DRIVE MARKET, BY END USER,

2021–2024 (USD MILLION)            169

TABLE 163            SOUTH AMERICA: VARIABLE FREQUENCY DRIVE MARKET, BY END USER,

2025–2030 (USD MILLION)            170

TABLE 164            SOUTH AMERICA: VARIABLE FREQUENCY DRIVE MARKET, BY COUNTRY,

2021–2024 (USD MILLION)            170

TABLE 165            SOUTH AMERICA: VARIABLE FREQUENCY DRIVE MARKET, BY COUNTRY,

2025–2030 (USD MILLION)            170

TABLE 166          BRAZIL: VARIABLE FREQUENCY DRIVE MARKET, BY END USER,

2021–2024 (USD MILLION)            171

TABLE 167          BRAZIL: VARIABLE FREQUENCY DRIVE MARKET, BY END USER,

2025–2030 (USD MILLION)            172

TABLE 168            ARGENTINA: VARIABLE FREQUENCY DRIVE MARKET, BY END USER,

2021–2024 (USD MILLION)            173

TABLE 169            ARGENTINA: VARIABLE FREQUENCY DRIVE MARKET, BY END USER,

2025–2030 (USD MILLION)            173

TABLE 170            CHILE: VARIABLE FREQUENCY DRIVE MARKET, BY END USER,

2021–2024 (USD MILLION)            174

TABLE 171            CHILE: VARIABLE FREQUENCY DRIVE MARKET, BY END USER,

2025–2030 (USD MILLION)            174

TABLE 172            REST OF SOUTH AMERICA: VARIABLE FREQUENCY DRIVE MARKET,

BY END USER, 2021–2024 (USD MILLION)               175

TABLE 173            REST OF SOUTH AMERICA: VARIABLE FREQUENCY DRIVE MARKET,

BY END USER, 2025–2030 (USD MILLION)               176

TABLE 174            MIDDLE EAST & AFRICA: VARIABLE FREQUENCY DRIVE MARKET,

BY TYPE,  2021–2024 (USD MILLION)    177

TABLE 175            MIDDLE EAST & AFRICA: VARIABLE FREQUENCY DRIVE MARKET,

BY TYPE,  2025–2030 (USD MILLION)      178

TABLE 176            MIDDLE EAST & AFRICA: VARIABLE FREQUENCY DRIVE MARKET,

BY POWER RATING, 2021–2024 (USD MILLION)   178

TABLE 177            MIDDLE EAST & AFRICA: VARIABLE FREQUENCY DRIVE MARKET,

BY POWER RATING, 2025–2030 (USD MILLION)   178

TABLE 178            MIDDLE EAST & AFRICA: VARIABLE FREQUENCY DRIVE MARKET,

BY VOLTAGE,  2021–2024 (USD MILLION)             178

TABLE 179            MIDDLE EAST & AFRICA: VARIABLE FREQUENCY DRIVE MARKET,

BY VOLTAGE,  2025–2030 (USD MILLION)             179

TABLE 180            MIDDLE EAST & AFRICA: VARIABLE FREQUENCY DRIVE MARKET,

BY APPLICATION,  2021–2024 (USD MILLION)    179

TABLE 181            MIDDLE EAST & AFRICA: VARIABLE FREQUENCY DRIVE MARKET,

BY APPLICATION,  2025–2030 (USD MILLION)    179

TABLE 182            MIDDLE EAST & AFRICA: VARIABLE FREQUENCY DRIVE MARKET,

BY END USER,  2021–2024 (USD MILLION)            180

TABLE 183            MIDDLE EAST & AFRICA: VARIABLE FREQUENCY DRIVE MARKET,

BY END USER,  2025–2030 (USD MILLION)            180

TABLE 184            MIDDLE EAST & AFRICA: VARIABLE FREQUENCY DRIVE MARKET,

BY COUNTRY/REGION, 2021–2024 (USD MILLION)            181

TABLE 185            MIDDLE EAST & AFRICA: VARIABLE FREQUENCY DRIVE MARKET,

BY COUNTRY/REGION, 2025–2030 (USD MILLION)            181

TABLE 186            MIDDLE EAST & AFRICA: VARIABLE FREQUENCY DRIVE MARKET,

BY GCC COUNTRY, 2021–2024 (USD MILLION)    181

TABLE 187            MIDDLE EAST & AFRICA: VARIABLE FREQUENCY DRIVE MARKET,

BY GCC COUNTRY, 2025–2030 (USD MILLION)    182

TABLE 188            SAUDI ARABIA: VARIABLE FREQUENCY DRIVE MARKET, BY END USER,

2021–2024 (USD MILLION)            183

TABLE 189            SAUDI ARABIA: VARIABLE FREQUENCY DRIVE MARKET, BY END USER,

2025–2030 (USD MILLION)            183

TABLE 190            UAE: VARIABLE FREQUENCY DRIVE MARKET, BY END USER,

2021–2024 (USD MILLION)            184

TABLE 191            UAE: VARIABLE FREQUENCY DRIVE MARKET, BY END USER,

2025–2030 (USD MILLION)            185

TABLE 192            OTHER GCC COUNTRIES: VARIABLE FREQUENCY DRIVE MARKET,

BY END USER,  2021–2024 (USD MILLION)            186

TABLE 193            OTHER GCC COUNTRIES: VARIABLE FREQUENCY DRIVE MARKET,

BY END USER,  2025–2030 (USD MILLION)          186

TABLE 194            SOUTH AFRICA: VARIABLE FREQUENCY DRIVE MARKET, BY END USER,

2021–2024 (USD MILLION)            187

TABLE 195            SOUTH AFRICA: VARIABLE FREQUENCY DRIVE MARKET, BY END USER,

2025–2030 (USD MILLION)            188

TABLE 196            NIGERIA: VARIABLE FREQUENCY DRIVE MARKET, BY END USER,

2021–2024 (USD MILLION)            189

TABLE 197            NIGERIA: VARIABLE FREQUENCY DRIVE MARKET, BY END USER,

2025–2030 (USD MILLION)            189

TABLE 198            EGYPT: VARIABLE FREQUENCY DRIVE MARKET, BY END USER,

2021–2024 (USD MILLION)            190

TABLE 199            EGYPT: VARIABLE FREQUENCY DRIVE MARKET, BY END USER,

2025–2030 (USD MILLION)            191

TABLE 200            REST OF MIDDLE EAST & AFRICA: VARIABLE FREQUENCY DRIVE MARKET,

BY END USER, 2021–2024 (USD MILLION)               191

TABLE 201            REST OF MIDDLE EAST & AFRICA: VARIABLE FREQUENCY DRIVE MARKET,

BY END USER, 2025–2030 (USD MILLION)               192

TABLE 202            VARIABLE FREQUENCY DRIVE MARKET: OVERVIEW OF STRATEGIES ADOPTED

BY KEY PLAYERS, 2020–2025          193

TABLE 203            VARIABLE FREQUENCY DRIVE MARKET: DEGREE OF COMPETITION, 2023               196

TABLE 204            VARIABLE FREQUENCY DRIVE MARKET: REGION FOOTPRINT     203

TABLE 205            VARIABLE FREQUENCY DRIVE MARKET: POWER RATING FOOTPRINT      204

TABLE 206            VARIABLE FREQUENCY DRIVE MARKET: TYPE FOOTPRINT       205

TABLE 207            VARIABLE FREQUENCY DRIVE MARKET: APPLICATION FOOTPRINT         206

TABLE 208            VARIABLE FREQUENCY DRIVE MARKET: LIST OF KEY STARTUPS/SMES    209

TABLE 209            VARIABLE FREQUENCY DRIVE MARKET: COMPETITIVE BENCHMARKING OF

KEY STARTUPS/SMES    209

TABLE 210            VARIABLE FREQUENCY DRIVE MARKET: PRODUCT LAUNCHES,

AUGUST 2020– JANUARY 2025      210

TABLE 211            VARIABLE FREQUENCY DRIVE MARKET: DEALS, MAY 2020–NOVEMBER 2024          215

TABLE 212            VARIABLE FREQUENCY DRIVE MARKET: EXPANSIONS,

JANUARY 2022– JANUARY 2025    219

TABLE 213            VARIABLE FREQUENCY DRIVE MARKET: OTHER DEVELOPMENTS,

JANUARY 2020– MAY 2024              221

TABLE 214            ABB: COMPANY OVERVIEW         223

TABLE 215            ABB: PRODUCTS/SERVICES/SOLUTIONS OFFERED             224

TABLE 216            ABB: PRODUCT LAUNCHES         226

TABLE 217            ABB: DEALS        227

TABLE 218            ABB: EXPANSIONS           227

TABLE 219            SIEMENS: COMPANY OVERVIEW               229

TABLE 220            SIEMENS: PRODUCTS/SERVICES/SOLUTIONS OFFERED             231

TABLE 221            SIEMENS: PRODUCT LAUNCHES               232

TABLE 222            SIEMENS: DEALS               233

TABLE 223            SIEMENS: OTHERS           233

TABLE 224            SCHNEIDER ELECTRIC: COMPANY OVERVIEW                 235

TABLE 225            SCHNEIDER ELECTRIC: PRODUCTS/SERVICES/SOLUTIONS OFFERED    236

TABLE 226            SCHNEIDER ELECTRIC: PRODUCT LAUNCHES                 238

TABLE 227            SCHNEIDER ELECTRIC: DEALS  238

TABLE 228            SCHNEIDER ELECTRIC: OTHER DEVELOPMENTS              239

TABLE 229            DANFOSS: COMPANY OVERVIEW              241

TABLE 230            DANFOSS: PRODUCTS/SERVICES/SOLUTIONS OFFERED             242

TABLE 231            DANFOSS: PRODUCT LAUNCHES              243

TABLE 232            DANFOSS: DEALS             244

TABLE 233            ROCKWELL AUTOMATION: COMPANY OVERVIEW          246

TABLE 234            ROCKWELL AUTOMATION: PRODUCTS/SERVICES/SOLUTIONS OFFERED    247

TABLE 235            ROCKWELL AUTOMATION: PRODUCT LAUNCHES          249

TABLE 236            ROCKWELL AUTOMATION: DEALS          250

TABLE 237            EATON: COMPANY OVERVIEW  251

TABLE 238            EATON: PRODUCTS/SERVICES/SOLUTIONS OFFERED             252

TABLE 239            EATON: PRODUCT LAUNCHES  253

TABLE 240            EATON: DEALS 254

TABLE 241            FUJI ELECTRIC: COMPANY OVERVIEW   255

TABLE 242            FUJI ELECTRIC: PRODUCTS/SERVICES/SOLUTIONS OFFERED    256

TABLE 243            FUJI ELECTRIC: PRODUCT LAUNCHES   257

TABLE 244            FUJI ELECTRIC: EXPANSIONS     257

TABLE 245            HITACHI, LTD.: COMPANY OVERVIEW   258

TABLE 246            HITACHI, LTD.: PRODUCTS/SERVICES/SOLUTIONS OFFERED    259

TABLE 247            GENERAL ELECTRIC: COMPANY OVERVIEW                 261

TABLE 248            GENERAL ELECTRIC: PRODUCTS/SERVICES/SOLUTIONS OFFERED    262

TABLE 249            GENERAL ELECTRIC: DEALS       263

TABLE 250            NIDEC CORPORATION: COMPANY OVERVIEW                 264

TABLE 251            NIDEC CORPORATION: PRODUCTS/SERVICES/SOLUTIONS OFFERED    266

TABLE 252            NIDEC CORPORATION: PRODUCT LAUNCHES                 266

TABLE 253            NIDEC CORPORATION: DEALS  267

TABLE 254            NIDEC CORPORATION: EXPANSIONS     267

TABLE 255            WEG SA: COMPANY OVERVIEW 268

TABLE 256            WEG SA: PRODUCTS/SERVICES/SOLUTIONS OFFERED             269

TABLE 257            WEG SA: PRODUCT LAUNCHES 270

TABLE 258            WEG SA: DEALS 270

TABLE 259            WEG SA: EXPANSIONS   271

TABLE 260            YASKAWA ELECTRIC CORPORATION: COMPANY OVERVIEW   272

TABLE 261            YASKAWA ELECTRIC CORPORATION: PRODUCTS/SERVICES/SOLUTIONS OFFERED    273

TABLE 262            YASKAWA ELECTRIC CORPORATION: PRODUCT LAUNCHES          274

TABLE 263            YASKAWA ELECTRIC CORPORATION: EXPANSIONS     274

TABLE 264            HONEYWELL INTERNATIONAL INC.: COMPANY OVERVIEW          275

TABLE 265            HONEYWELL INTERNATIONAL INC.: PRODUCTS/SERVICES/SOLUTIONS OFFERED    276

TABLE 266            HONEYWELL INTERNATIONAL INC.: EXPANSIONS     277

TABLE 267            PARKER HANNIFIN CORP: COMPANY OVERVIEW          278

TABLE 268            PARKER HANNIFIN CORP: PRODUCTS/SERVICES/SOLUTIONS OFFERED    279

TABLE 269            PARKER HANNIFIN CORP: PRODUCT LAUNCHES          280

TABLE 270            DELTA ELECTRONICS, INC.: COMPANY OVERVIEW          281

TABLE 271            DELTA ELECTRONICS, INC.: PRODUCTS/SERVICES/SOLUTIONS OFFERED    282

TABLE 272            DELTA ELECTRONICS, INC.: EXPANSIONS                 283

LIST OF FIGURES

FIGURE 1              VARIABLE FREQUENCY DRIVE MARKET SEGMENTATION              28

FIGURE 2              VARIABLE FREQUENCY DRIVE MARKET: RESEARCH DESIGN         32

FIGURE 3              VARIABLE FREQUENCY DRIVE MARKET: DATA TRIANGULATION             37

FIGURE 4              KEY METRICS CONSIDERED TO ANALYZE DEMAND FOR VARIABLE

FREQUENCY DRIVES      38

FIGURE 5              VARIABLE FREQUENCY DRIVE MARKET: BOTTOM-UP APPROACH              39

FIGURE 6              VARIABLE FREQUENCY DRIVE MARKET: TOP-DOWN APPROACH          42

FIGURE 7              KEY STEPS CONSIDERED TO ASSESS SUPPLY OF VARIABLE FREQUENCY DRIVES 43

FIGURE 8              VARIABLE FREQUENCY DRIVE MARKET: MARKET SIZE ESTIMATION METHODOLOGY (SUPPLY-SIDE ANALYSIS)           43

FIGURE 9              ASIA PACIFIC TO RECORD HIGHEST CAGR DURING FORECAST PERIOD       47

FIGURE 10            AC DRIVE SEGMENT TO ACCOUNT FOR LARGEST SHARE BY 2030               48

FIGURE 11            MEDIUM VOLTAGE SEGMENT TO GROW AT HIGHER CAGR THAN LOW VOLTAGE DURING FORECAST PERIOD                48

FIGURE 12            PUMPS SEGMENT TO LEAD MARKET DURING FORECAST PERIOD         49

FIGURE 13            LOW POWER DRIVE SEGMENT TO CAPTURE LARGEST MARKET BY 2030           49

FIGURE 14            POWER SEGMENT TO RECORD HIGHEST CAGR DURING FORECAST PERIOD       50

FIGURE 15            INCREASING DEMAND FOR RELIABLE AND EFFICIENT POWER INFRASTRUCTURE TO FOSTER MARKET GROWTH             51

FIGURE 16            AC DRIVE SEGMENT AND CHINA TO ACCOUNT FOR SIGNIFICANT MARKET SHARE          52

FIGURE 17            AC DRIVE SEGMENT TO ACCOUNT FOR LARGEST SHARE BY 2030               52

FIGURE 18            LOW VOLTAGE SEGMENT TO DOMINATE MARKET BY 2030               53

FIGURE 19            LOW POWER DRIVE SEGMENT TO ACCOUNT FOR LARGEST SHARE BY 2030     53

FIGURE 20            PUMPS SEGMENT TO ACCOUNT FOR LARGEST SHARE BY 2030   53

FIGURE 21            POWER SEGMENT TO LEAD MARKET BY 2030                 54

FIGURE 22            ASIA PACIFIC TO REGISTER HIGHEST GROWTH DURING FORECAST PERIOD       54

FIGURE 23            DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IN VARIABLE FREQUENCY DRIVE MARKET                 55

FIGURE 24            US: ELECTRICITY GENERATION BY MAJOR ENERGY SOURCES           56

FIGURE 25            OPERATIONAL STOCK OF INDUSTRIAL ROBOTS WORLDWIDE, 2019–2023                 57

FIGURE 26            TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS   61

FIGURE 27            VARIABLE FREQUENCY DRIVE MARKET: VALUE CHAIN ANALYSIS              62

FIGURE 28            VARIABLE FREQUENCY DRIVE MARKET: ECOSYSTEM ANALYSIS  64

FIGURE 29            AVERAGE SELLING PRICE OF VARIABLE FREQUENCY DRIVES, BY POWER RATING, 2021–2024        67

FIGURE 30            AVERAGE SELLING PRICE OF VARIABLE FREQUENCY DRIVES,

BY REGION,  2021–2024 68

FIGURE 31            IMPORT DATA FOR HS CODE 850110 MOTORS OF OUTPUT <= 37.5W,

BY KEY COUNTRIES, 2021–2023 (USD THOUSAND)            70

FIGURE 32            EXPORT DATA FOR HS CODE 850110 MOTORS OF OUTPUT <= 37.5W,

BY KEY COUNTRIES, 2021–2023 (USD THOUSAND)            71

FIGURE 33            IMPORT DATA FOR HS CODE 850120 UNIVERSAL AC-DC MOTORS OF

OUTPUT > 37.5W, BY KEY COUNTRIES, 2021–2023 (USD THOUSAND)      72

FIGURE 34            EXPORT DATA FOR HS CODE 850120 UNIVERSAL AC-DC MOTORS OF OUTPUT > 37.5 W, BY KEY COUNTRIES, 2021–2023 (USD THOUSAND)      73

FIGURE 35            PATENTS APPLIED AND GRANTED, 2014–2024                 74

FIGURE 36            INVESTMENT AND FUNDING SCENARIO, 2023                 77

FIGURE 37            VARIABLE FREQUENCY DRIVE MARKET: PORTER’S FIVE FORCES ANALYSIS            81

FIGURE 38            INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP DRIVE TYPES              83

FIGURE 39            KEY BUYING CRITERIA FOR TOP DRIVE TYPES                 83

FIGURE 40           IMPACT OF AI/GENERATIVE AI ON DRIVE TYPES, BY REGION         85

FIGURE 41            VARIABLE FREQUENCY DRIVE MARKET, BY TYPE, 2024           89

FIGURE 42            VARIABLE FREQUENCY DRIVE MARKET, BY VOLTAGE, 2024 95

FIGURE 43            VARIABLE FREQUENCY DRIVE MARKET, BY POWER RATING, 2024     99

FIGURE 44            VARIABLE FREQUENCY DRIVE MARKET, BY APPLICATION, 2024         105

FIGURE 45            VARIABLE FREQUENCY DRIVE MARKET, BY END USER, 2024           113

FIGURE 46            ASIA PACIFIC TO REGISTER HIGHEST GROWTH DURING FORECAST PERIOD       125

FIGURE 47            VARIABLE FREQUENCY DRIVE MARKET: GEOGRAPHIC SNAPSHOT, 2024 126

FIGURE 48            ASIA PACIFIC: VARIABLE FREQUENCY DRIVE MARKET SNAPSHOT       128

FIGURE 49            MIDDLE EAST & AFRICA: VARIABLE FREQUENCY DRIVE MARKET SNAPSHOT         177

FIGURE 50            VARIABLE FREQUENCY DRIVE MARKET: REVENUE ANALYSIS OF

5 KEY PLAYERS, 2019–2023             195

FIGURE 51            MARKET SHARE ANALYSIS OF COMPANIES OFFERING VARIABLE

FREQUENCY DRIVES, 2023            196

FIGURE 52            COMPANY VALUATION, 2025      197

FIGURE 53            FINANCIAL METRICS (EV/EBITDA), 2025                 198

FIGURE 54            BRAND/PRODUCT COMPARISON             199

FIGURE 55            VARIABLE FREQUENCY DRIVE MARKET: COMPANY EVALUATION

MATRIX  (KEY PLAYERS), 2023  201

FIGURE 56            VARIABLE FREQUENCY DRIVE MARKET: COMPANY FOOTPRINT 202

FIGURE 57            VARIABLE FREQUENCY DRIVE MARKET: COMPANY EVALUATION MATRIX (STARTUPS/SMES), 2023                 208

FIGURE 58            ABB: COMPANY SNAPSHOT        224

FIGURE 59            SIEMENS: COMPANY SNAPSHOT               230

FIGURE 60            SCHNEIDER ELECTRIC: COMPANY SNAPSHOT                 236

FIGURE 61            DANFOSS: COMPANY SNAPSHOT             242

FIGURE 62            ROCKWELL AUTOMATION: COMPANY SNAPSHOT          247

FIGURE 63            EATON: COMPANY SNAPSHOT  252

FIGURE 64            FUJI ELECTRIC: COMPANY SNAPSHOT  256

FIGURE 65            HITACHI, LTD.: COMPANY SNAPSHOT  259

FIGURE 66            GENERAL ELECTRIC: COMPANY SNAPSHOT                 262

FIGURE 67            NIDEC CORPORATION: COMPANY SNAPSHOT                 265

FIGURE 68            WEG SA: COMPANY SNAPSHOT 269

FIGURE 69            YASKAWA ELECTRIC CORPORATION: COMPANY SNAPSHOT   273

FIGURE 70            HONEYWELL INTERNATIONAL INC.: COMPANY SNAPSHOT          276

FIGURE 71            PARKER HANNIFIN CORP: COMPANY SNAPSHOT          279

FIGURE 72            DELTA ELECTRONICS, INC.: COMPANY SNAPSHOT          282