船舶用VFD市場 : 2030年までの世界予測

Report Overview

The marine VFD market is estimated to grow from USD 1.1 Billion in 2023 to USD 1.6 Billion by 2030; it is expected to record a CAGR of 5.0% during the forecast period. The marine VFD market is witnessing rapid growth owing to the increasing demand for energy efficient solutions in marine industry.

“Medium Voltage: The fastest segment of the marine VFD market, by voltage”
Based on voltage, the marine VFD market has been split into two types: Low voltage and Medium voltage. The medium voltage is growing in the marine VFD market as it offers higher power capacity, making them suitable for larger vessels and demanding applications. With precise motor control, they optimize energy consumption, improve operational efficiency, and reduce maintenance costs. Additionally, medium voltage VFDs contribute to emissions reduction and compliance with environmental regulations, aligning with the maritime industry’s sustainability goals.

“Pump segment is expected to emerge as the largest segment based on application”
Based on application, the marine VFD market has been segmented into pump, propulsion, fan, compressor, crane & hoist, winches, HVAC, steering, scrubber, shaft generators & power electronics. The pump segment is expected to be the largest segment owing to the ability control of pump motor speed, allowing ships to efficiently manage fluid transfer and optimize energy usage. This results in reduced fuel consumption, lower operating costs, and compliance with environmental regulations by minimizing emissions.

“Europe is expected to emerge as the second-largest region based on marine VFD market”
By region, the marine VFD market has been segmented into Asia Pacific, North America, South America, Europe, and Middle East & Africa. In the region, the marine VFD market is driven by green maritime initiatives to reduce emissions, making VFDs essential for energy-efficient ship operations. Stricter environmental regulations and sustainability goals are also driving the adoption of VFD technology. Additionally, advancements in VFD systems, along with strong government support, are promoting their use in various marine applications, such as propulsion, winches, and pumps, making Europe a prominent market for marine VFDs.

Retrofit is expected to be the second-fastest segment based on the type
Retrofit is expected to be the second-fastest segment in the marine VFD market between 2023–2030 due to their cost-effective, emission-reducing, and easy-to-install nature, making them a preferred choice for upgrading existing vessels. This drives their growing adoption in the Marine VFD market.

Breakdown of Primaries:
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- 45%, Tier 2- 30%, and Tier 3- 25%
By Designation: C-Level- 35%, Director Levels- 25%, and Others- 40%
By Region: North America- 27%, Europe- 20%, Asia Pacific- 33%, the Middle East & Africa- 12%, and South America- 8%
Note: Others include product engineers, product specialists, and engineering leads.
Note: The tiers of the companies are defined on the basis of their total revenues as of 2021. Tier 1: > USD 1 billion, Tier 2: From USD 500 million to USD 1 billion, and Tier 3: < USD 500 million

The marine VFD market is dominated by a few major players that have a wide regional presence. The leading players in the marine VFD market are Siemens (Germany), ABB (Switzerland), Danfoss (Denmark), General Electric (US), and Rockwell Automation (US).

Research Coverage:
The report defines, describes, and forecasts the marine VFD market, by type, voltage, applications, end user, and region. It also offers a detailed qualitative and quantitative analysis of the market. The report provides a comprehensive review of the major market drivers, restraints, opportunities, and challenges. It also covers various important aspects of the market. These include an analysis of the competitive landscape, market dynamics, market estimates, in terms of value, and future trends in the marine VFD market.

Key Benefits of Buying the Report
• Increased need for energy efficient systems and expansion of shipbuilding industry drive the demand. Factors such as high initial investment costs and dependance on heavy liquid fuels hinder market growth. Higher rate of adoption of electric and hybrid propulsion and remote monitoring offer lucrative opportunities in this market. Disarrangements in supply chain and marine port infrastructure summons are major challenges faced by countries in this market.
• Product Development/ Innovation: The trends such as integration of digital technologies for remote monitoring and predictive maintenance, development of more compact and efficient VFD systems, and increased use of eco-friendly materials in VFD manufacturing have led to greater reliability.
• Market Development: The global scenario of marine VFD has developed due to increased environmental regulations, the maritime industry’s focus on energy efficiency, and advancements in VFD technology. VFDs help reduce emissions, enhance vessel performance, and comply with sustainability goals, driving their adoption and market growth worldwide.
• Market Diversification: Ingeteam’s product INGEDRIVE LV800 offers up to a 35% increase in power density compared to the previous range, enhancing their versatility for various applications including marine propulsion, fan drives, pumping, and energy storage systems, with a capacity of up to 10.8MVA and an output voltage of 690V.
• Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players like Siemens (Germany), ABB (Switzerland), Danfoss (Denmark), General Electric (US), and Rockwell Automation (US) among others in the marine VFD market.

Table of Contents

1            INTRODUCTION            30

1.1         STUDY OBJECTIVES      30

1.2         MARKET DEFINITION   30

1.3         INCLUSIONS AND EXCLUSIONS 31

1.3.1      MARINE VFD MARKET, BY VOLTAGE     31

1.3.2      MARINE VFD MARKET, BY APPLICATION           31

1.3.3      MARINE VFD MARKET, BY TYPE             32

1.3.4      MARINE VFD MARKET, BY END USER     32

1.4         MARKET SCOPE             32

1.4.1      MARKETS COVERED     32

1.4.2      REGIONAL SCOPE         33

1.4.3      YEARS CONSIDERED     33

1.4.4      CURRENCY CONSIDERED          34

1.5         LIMITATIONS   34

1.6         STAKEHOLDERS            34

1.7         SUMMARY OF CHANGES            35

1.8         RECESSION IMPACT      35

2            RESEARCH METHODOLOGY     36

2.1         RESEARCH DATA           36

FIGURE 1           MARINE VFD MARKET: RESEARCH DESIGN        36

2.2         MARKET BREAKDOWN AND DATA TRIANGULATION    37

FIGURE 2           DATA TRIANGULATION             37

2.2.1      SECONDARY DATA       38

2.2.1.1   Key data from secondary sources     38

2.2.2      PRIMARY DATA 38

2.2.2.1   Key data from primary sources         39

2.2.2.2   Breakdown of primaries     39

2.3         SCOPE  40

FIGURE 3           MAIN METRICS CONSIDERED TO ANALYZE AND ASSESS DEMAND  FOR MARINE VFDS  41

2.4         MARKET SIZE ESTIMATION       41

2.4.1      BOTTOM-UP APPROACH           41

FIGURE 4           MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH       42

2.4.2      TOP-DOWN APPROACH             43

FIGURE 5           MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH       43

2.4.3      DEMAND-SIDE ANALYSIS           44

2.4.3.1   Regional analysis 44

2.4.3.2   Country-level analysis        44

2.4.3.3   Assumptions for demand-side analysis           45

2.4.3.4   Calculations for demand-side analysis            45

2.4.4      SUPPLY-SIDE ANALYSIS             45

FIGURE 6           KEY STEPS CONSIDERED TO ASSESS SUPPLY OF MARINE VFDS              45

FIGURE 7           MARINE VFD MARKET: SUPPLY-SIDE ANALYSIS 46

2.4.4.1   Calculations for supply-side analysis 46

2.4.4.2   Assumptions for supply-side analysis             46

FIGURE 8           COMPANY REVENUE ANALYSIS, 2022     46

2.4.5      FORECAST        47

2.5         RISK ASSESSMENT         47

2.6         IMPACT OF RECESSION 47

3            EXECUTIVE SUMMARY 48

TABLE 1             MARINE VFD MARKET SNAPSHOT         48

FIGURE 9           ASIA PACIFIC TO REGISTER HIGHEST CAGR IN MARINE VFD MARKET DURING FORECAST PERIOD   49

FIGURE 10         RETROFIT SEGMENT TO LEAD MARINE VFD MARKET DURING FORECAST PERIOD       49

FIGURE 11         LOW VOLTAGE SEGMENT TO DOMINATE MARINE VFD MARKET DURING FORECAST PERIOD   50

FIGURE 12         MARINE SHIPS SEGMENT TO LEAD MARINE VFD MARKET DURING FORECAST PERIOD     50

FIGURE 13         PUMP SEGMENT TO LEAD MARINE VFD MARKET DURING FORECAST PERIOD       51

4            PREMIUM INSIGHTS      52

4.1         ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN MARINE  VFD MARKET            52

FIGURE 14         RISING ADOPTION OF ENERGY-EFFICIENT SYSTEMS IN MARITIME SECTOR       52

4.2         MARINE VFD MARKET, BY REGION        52

FIGURE 15         ASIA PACIFIC TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD       52

4.3         NORTH AMERICAN MARINE VFD MARKET, BY END USER AND COUNTRY         53

FIGURE 16         MARINE SHIPS SEGMENT AND US HELD LARGEST SHARES OF NORTH AMERICAN MARINE VFD MARKET IN 2022          53

4.4         MARINE VFD MARKET, BY TYPE             53

FIGURE 17         RETROFIT SEGMENT TO DOMINATE MARINE VFD MARKET IN 2030      53

4.5         MARINE VFD MARKET, BY VOLTAGE     54

FIGURE 18         LOW VOLTAGE SEGMENT TO ACCOUNT FOR LARGER SHARE OF MARINE  VFD MARKET IN 2030        54

4.6         MARINE VFD MARKET, BY END USER     54

FIGURE 19         MARINE SHIPS SEGMENT TO ACCOUNT FOR LARGER SHARE OF MARINE VFD MARKET IN 2030           54

4.7         MARINE VFD MARKET, BY APPLICATION           55

FIGURE 20         PUMP SEGMENT TO ACCOUNT FOR LARGEST SHARE OF MARINE VFD MARKET  IN 2030 55

5            MARKET OVERVIEW     56

5.1         INTRODUCTION            56

5.2         MARKET DYNAMICS     56

FIGURE 21         MARINE VFD MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES    56

5.2.1      DRIVERS            57

5.2.1.1   Increasing demand for energy-efficient systems in maritime vessels         57

TABLE 2             MEASURES UNDERTAKEN TO ENHANCE ENERGY EFFICIENCY OF SHIPS           57

FIGURE 22         GLOBAL MERCHANT VESSEL FLEET, 2018–2023 (NUMBER OF SHIPS)  58

5.2.1.2   Expanding shipbuilding industry      58

FIGURE 23         INCREMENTAL CARGO DEMAND, 2015–2024      59

5.2.2      RESTRAINTS     59

5.2.2.1   High installation cost         59

5.2.2.2   Dependence on heavy liquid fuels    60

5.2.3      OPPORTUNITIES           60

5.2.3.1   Growing adoption of electric and hybrid propulsion systems      60

FIGURE 24         USE OF ALTERNATIVE FUELS IN GLOBAL MARINE FLEET, 2022  (NUMBER OF SHIPS)     61

5.2.3.2   Technological advancements in remote monitoring of VFDs      61

5.2.4      CHALLENGES   62

5.2.4.1   Undeveloped port infrastructure      62

5.2.4.2   Shortage of components and parts attributed to supply chain disruptions 63

5.3         TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES 64

FIGURE 25         REVENUE SHIFTS AND NEW REVENUE POCKETS FOR PLAYERS IN MARINE VFD MARKET           64

5.4         ECOSYSTEM ANALYSIS 64

TABLE 3             COMPANIES AND THEIR ROLE IN MARINE VFD ECOSYSTEM              64

FIGURE 26         MARINE VFD MARKET: ECOSYSTEM ANALYSIS 65

5.5         VALUE CHAIN ANALYSIS            66

FIGURE 27         MARINE VFD MARKET: VALUE CHAIN ANALYSIS            66

5.5.1      RAW MATERIAL PROVIDERS/SUPPLIERS/COMPONENT MANUFACTURERS        66

5.5.2      MARINE VFD MANUFACTURERS/ASSEMBLERS  66

5.5.3      DISTRIBUTORS/RESELLERS      66

5.5.4      END USERS       66

5.5.5      MAINTENANCE/SERVICE PROVIDERS   67

5.6         PRICING ANALYSIS        67

FIGURE 28         AVERAGE SELLING PRICE (ASP) OF MARINE VFDS, BY VOLTAGE, 2020, 2021, 2022, AND 2030 (USD/UNIT)          67

TABLE 4             AVERAGE SELLING PRICE (ASP) OF MARINE VFDS, BY VOLTAGE, 2020, 2021,  2022, AND 2030 (USD/UNIT)       67

TABLE 5             AVERAGE SELLING PRICE (ASP) TREND, BY REGION, 2020, 2021, 2022,  AND 2030 (USD/UNIT)    67

FIGURE 29         AVERAGE SELLING PRICE (ASP) TREND, BY REGION, 2020, 2021,  2022, AND 2030 68

5.7         TECHNOLOGY ANALYSIS           68

5.7.1      WIRELESS DIAGNOSTIC             68

5.7.2      MODULAR MEMORY     68

5.7.3      PREDICTIVE MAINTENANCE     68

5.7.4      POWER ELECTRONICS 69

5.8         TARIFF ANALYSIS          69

TABLE 6             TARIFF LEVIED ON ELECTRIC MOTORS AND GENERATORS, 2022      69

5.9         REGULATORY LANDSCAPE       70

TABLE 7             MARINE VFD MARKET: EUROPE REGULATIONS 70

TABLE 8             MARINE VFD MARKET: ASIA PACIFIC REGULATIONS     71

TABLE 9             MARINE VFD MARKET: NORTH AMERICA REGULATIONS              71

TABLE 10           MARINE VFD MARKET: INTERNATIONAL REGULATIONS              72

TABLE 11           INTERNATIONAL: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS         72

TABLE 12           NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS         73

TABLE 13           EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS         73

TABLE 14           ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS         74

5.10       PATENT ANALYSIS        74

TABLE 15           MARINE VFD MARKET: INNOVATIONS AND PATENT REGISTRATIONS            74

5.11       TRADE ANALYSIS          77

5.11.1    EXPORT DATA 77

TABLE 16           EXPORT DATA FOR PRODUCTS UNDER HS CODE: 8501, BY COUNTRY,  2020–2022 (USD THOUSAND)          77

FIGURE 30         EXPORT DATA FOR PRODUCTS UNDER HS CODE: 8501, BY KEY COUNTRY, 2020–2022 (USD THOUSAND)            78

5.11.2    IMPORT DATA 79

TABLE 17           IMPORT DATA FOR PRODUCTS UNDER HS CODE: 8501, BY COUNTRY,  2020–2022 (USD THOUSAND)          79

FIGURE 31         IMPORT DATA FOR PRODUCTS UNDER HS CODE: 8501, BY KEY COUNTRY, 2020–2022 (USD THOUSAND)            80

5.12       KEY CONFERENCES AND EVENTS, 2023–2024     80

TABLE 18           MARINE VFD MARKET: LIST OF CONFERENCES AND EVENTS              80

5.13       CASE STUDY ANALYSIS 81

5.13.1    DANFOSS PROVIDED MODULAR VACON 3000 DRIVE KIT TO ENHANCE PERFORMANCE OF INBOARD DREDGE PUMP OF DEME AND ELEVATE ENERGY EFFICIENCY      81

5.13.2    HAREID GROUP EMPLOYED ABB DRIVES IN SHORE POWER SOLUTIONS TO DELIVER ENVIRONMENTALLY FRIENDLY ELECTRICAL POWER TO VESSELS      81

5.13.3    SCHOTTEL GROUP HIRED INVERTEK DRIVES FAR EAST PTE LTD TO DELIVER VFD FOR PROPULSION APPLICATION 82

5.14       PORTER’S FIVE FORCES ANALYSIS         83

TABLE 19           MARINE VFD MARKET: PORTER’S FIVE FORCES ANALYSIS              83

FIGURE 32         MARINE VFD MARKET: PORTER’S FIVE FORCES ANALYSIS              83

5.14.1    THREAT OF SUBSTITUTES         84

5.14.2    BARGAINING POWER OF SUPPLIERS     84

5.14.3    BARGAINING POWER OF BUYERS           84

5.14.4    THREAT OF NEW ENTRANTS    84

5.14.5    INTENSITY OF COMPETITIVE RIVALRY 85

5.15       KEY STAKEHOLDERS AND BUYING CRITERIA    85

5.15.1    KEY STAKEHOLDERS IN BUYING PROCESS         85

FIGURE 33         INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TWO KEY END USERS    85

TABLE 20           INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TWO KEY END USERS (%)           85

5.15.2    BUYING CRITERIA         86

FIGURE 34         KEY BUYING CRITERIA FOR TWO KEY END USERS          86

TABLE 21           KEY BUYING CRITERIA FOR TWO KEY END USERS          86

6            MARINE VFD MARKET, BY APPLICATION           87

6.1         INTRODUCTION            88

FIGURE 35         MARINE VFD MARKET, BY APPLICATION, 2022  88

TABLE 22           MARINE VFD MARKET, BY APPLICATION, 2019–2022 (USD MILLION)          89

TABLE 23           MARINE VFD MARKET, BY APPLICATION, 2023–2030 (USD MILLION)          89

6.2         PUMP   90

6.2.1      USED TO ENHANCE OPERATIONAL EFFICIENCY OF PUMPS AND MITIGATE MECHANICAL STRESS           90

TABLE 24           PUMP: MARINE VFD MARKET, BY REGION, 2019–2022 (USD MILLION)          90

TABLE 25           PUMP: MARINE VFD MARKET, BY REGION, 2023–2030 (USD MILLION)          90

6.3         PROPULSION    91

6.3.1      HELP CONTROL SPEED AND POWER OUTPUT OF AC ELECTRIC MOTORS THAT DRIVE PROPELLERS OF VESSELS           91

TABLE 26           PROPULSION: MARINE VFD MARKET, BY REGION, 2019–2022 (USD MILLION) 91

TABLE 27           PROPULSION: MARINE VFD MARKET, BY REGION, 2023–2030 (USD MILLION) 91

6.4         FAN      92

6.4.1      OFFER PRECISE CONTROL OVER FAN SPEED TO MAKE ADJUSTMENTS TO MATCH VARYING VENTILATION REQUIREMENTS OF DIFFERENT SHIP COMPARTMENTS AND CONDITIONS    92

TABLE 28           FAN: MARINE VFD MARKET, BY REGION, 2019–2022 (USD MILLION)          92

TABLE 29           FAN: MARINE VFD MARKET, BY REGION, 2023–2030 (USD MILLION)          92

6.5         COMPRESSOR  93

6.5.1      HELP REDUCE POWER CONSUMPTION, EXTEND EQUIPMENT LIFESPAN, AND LOWER MAINTENANCE COST  93

TABLE 30           COMPRESSOR: MARINE VFD MARKET, BY REGION, 2019–2022 (USD MILLION) 93

TABLE 31           COMPRESSOR: MARINE VFD MARKET, BY REGION, 2023–2030 (USD MILLION) 93

6.6         CRANE & HOIST             94

6.6.1      FACILITATE EFFECTIVE CARGO HANDLING AND ALLOW OPERATORS FINE-TUNE LIFTING SPEEDS AND LOAD CAPACITIES   94

TABLE 32           CRANE & HOIST: MARINE VFD MARKET, BY REGION, 2019–2022 (USD MILLION) 94

TABLE 33           CRANE & HOIST: MARINE VFD MARKET, BY REGION, 2023–2030 (USD MILLION) 94

6.7         WINCH 95

6.7.1      REGULATE SPEED AND PERFORMANCE OF AC MOTORS DRIVING WINCHES          95

TABLE 34           WINCH: MARINE VFD MARKET, BY REGION, 2019–2022 (USD MILLION)          95

TABLE 35           WINCH: MARINE VFD MARKET, BY REGION, 2023–2030 (USD MILLION)          95

6.8         HVAC   96

6.8.1      ENSURE ENERGY EFFICIENCY BY ADAPTING EQUIPMENT OPERATION TO REAL-TIME DEMAND           96

TABLE 36           HVAC: MARINE VFD MARKET, BY REGION, 2019–2022 (USD MILLION)          96

TABLE 37           HVAC: MARINE VFD MARKET, BY REGION, 2023–2030 (USD MILLION)          96

6.9         STEERING         97

6.9.1      IMPERATIVE TO ATTAIN PRECISE AND RESPONSIVE CONTROL OVER VESSEL DIRECTION      97

TABLE 38           STEERING: MARINE VFD MARKET, BY REGION, 2019–2022 (USD MILLION)          97

TABLE 39           STEERING: MARINE VFD MARKET, BY REGION, 2023–2030 (USD MILLION)          97

6.10       SCRUBBER         98

6.10.1    OPTIMIZE EFFICIENCY OF SCRUBBERS IN REMOVING SULFUR DIOXIDE AND OTHER POLLUTANTS FROM EXHAUST GASES OF VESSELS              98

TABLE 40           SCRUBBER: MARINE VFD MARKET, BY REGION, 2019–2022 (USD MILLION)          98

TABLE 41           SCRUBBER: MARINE VFD MARKET, BY REGION, 2023–2030 (USD MILLION)          98

6.11       SHAFT GENERATOR      99

6.11.1    REDUCE WEAR AND TEAR AND ENSURE RELIABLE POWER SUPPLY              99

TABLE 42           SHAFT GENERATOR: MARINE VFD MARKET, BY REGION, 2019–2022 (USD MILLION)     99

TABLE 43           SHAFT GENERATOR: MARINE VFD MARKET, BY REGION, 2023–2030 (USD MILLION)     99

6.12       POWER ELECTRONICS 100

6.12.1    ENABLE EFFICIENT BATTERY CHARGING, OPTIMIZED UTILIZATION OF SHORE CONNECTIONS, AND ENHANCED STABILITY WITHIN DC GRIDS              100

TABLE 44           POWER ELECTRONICS: MARINE VFD MARKET, BY REGION, 2019–2022 (USD MILLION)          100

TABLE 45           POWER ELECTRONICS: MARINE VFD MARKET, BY REGION, 2023–2030 (USD MILLION)          100

7            MARINE VFD MARKET, BY TYPE             101

7.1         INTRODUCTION            102

FIGURE 36         MARINE VFD MARKET, BY TYPE, 2022    102

TABLE 46           MARINE VFD MARKET, BY TYPE, 2019–2022 (USD MILLION)              102

TABLE 47           MARINE VFD MARKET, BY TYPE, 2023–2030 (USD MILLION)              102

7.2         NEW     103

7.2.1      INCREASING REQUIREMENT FOR PRECISE AND DYNAMIC CONTROL IN MARITIME SECTOR  103

TABLE 48           NEW: MARINE VFD MARKET, BY REGION, 2019–2022 (USD MILLION)          103

TABLE 49           NEW: MARINE VFD MARKET, BY REGION, 2023–2030 (USD MILLION)          103

7.3         RETROFIT         104

7.3.1      GROWING USE OF VFDS TO EXTEND OPERATIONAL LIFE OF VESSELS BY IMPROVING RELIABILITY OF CRITICAL SYSTEMS     104

TABLE 50           RETROFIT: MARINE VFD MARKET, BY REGION, 2019–2022 (USD MILLION)          104

TABLE 51           RETROFIT: MARINE VFD MARKET, BY REGION, 2023–2030 (USD MILLION)          104

8            MARINE VFD MARKET, BY VOLTAGE     105

8.1         INTRODUCTION            106

FIGURE 37         MARINE VFD MARKET, BY VOLTAGE, 2022         106

TABLE 52           MARINE VFD MARKET, BY VOLTAGE, 2019–2022 (USD MILLION)          106

TABLE 53           MARINE VFD MARKET, BY VOLTAGE, 2023–2030 (USD MILLION)          106

8.2         LOW VOLTAGE 107

8.2.1      RISING DEPLOYMENT OF LOW VOLTAGE VFDS ON CRITICAL SYSTEMS TO ACHIEVE COST SAVINGS AND REDUCE EMISSIONS 107

TABLE 54           LOW VOLTAGE: MARINE VFD MARKET, BY REGION, 2019–2022 (USD MILLION) 107

TABLE 55           LOW VOLTAGE: MARINE VFD MARKET, BY REGION, 2023–2030 (USD MILLION) 107

8.3         MEDIUM VOLTAGE       108

8.3.1      CAPABILITY TO OPTIMIZE ENERGY CONSUMPTION AND ENSURE SEAMLESS VOLTAGE COMPATIBILITY WITH MEDIUM VOLTAGE ELECTRICAL SYSTEMS           108

TABLE 56           MEDIUM VOLTAGE: MARINE VFD MARKET, BY REGION, 2019–2022 (USD MILLION)     108

TABLE 57           MEDIUM VOLTAGE: MARINE VFD MARKET, BY REGION, 2023–2030 (USD MILLION)     108

9            MARINE VFD MARKET, BY END USER     109

9.1         INTRODUCTION            110

FIGURE 38         MARINE VFD MARKET, BY END USER, 2022         110

TABLE 58           MARINE VFD MARKET, BY END USER, 2019–2022 (USD MILLION)          110

TABLE 59           MARINE VFD MARKET, BY END USER, 2023–2030 (USD MILLION)          110

9.2         MARINE SHIPS  111

9.2.1      USED TO OPTIMIZE ENERGY USAGE BY PRECISELY CONTROLLING ELECTRICAL SYSTEMS ON SHIPS            111

TABLE 60           MARINE SHIPS: MARINE VFD MARKET, BY REGION, 2019–2022 (USD MILLION) 111

TABLE 61           MARINE SHIPS: MARINE VFD MARKET, BY REGION, 2023–2030 (USD MILLION) 111

9.3         OFFSHORE PLATFORMS            112

9.3.1      USED IN OFFSHORE PLATFORMS TO ENHANCE ENERGY EFFICIENCY BY PRECISELY REGULATING CRITICAL ELECTRICAL SYSTEMS  112

TABLE 62           OFFSHORE PLATFORMS: MARINE VFD MARKET, BY REGION, 2019–2022 (USD MILLION)          112

TABLE 63           OFFSHORE PLATFORMS: MARINE VFD MARKET, BY REGION, 2023–2030 (USD MILLION)          112

10          MARINE VFD MARKET, BY REGION        113

10.1       INTRODUCTION            114

FIGURE 39         ASIA PACIFIC MARINE VFD MARKET TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD        114

FIGURE 40         MARINE VFD MARKET, BY REGION, 2022 (%)      115

TABLE 64           MARINE VFD MARKET, BY REGION, 2019–2022 (USD MILLION)              115

TABLE 65           MARINE VFD MARKET, BY REGION, 2023–2030 (USD MILLION)              115

TABLE 66           MARINE VFD MARKET, BY REGION, 2019–2022 (THOUSAND UNITS) 116

TABLE 67           MARINE VFD MARKET, BY REGION, 2023–2030 (THOUSAND UNITS) 116

10.2       ASIA PACIFIC    116

FIGURE 41         ASIA PACIFIC: MARINE VFD MARKET SNAPSHOT            117

10.2.1    ASIA PACIFIC: RECESSION IMPACT        117

10.2.2    BY TYPE             118

TABLE 68           ASIA PACIFIC: MARINE VFD MARKET, BY TYPE, 2019–2022 (USD MILLION)          118

TABLE 69           ASIA PACIFIC: MARINE VFD MARKET, BY TYPE, 2023–2030 (USD MILLION)          118

10.2.3    BY VOLTAGE    118

TABLE 70           ASIA PACIFIC: MARINE VFD MARKET, BY VOLTAGE, 2019–2022 (USD MILLION) 118

TABLE 71           ASIA PACIFIC: MARINE VFD MARKET, BY VOLTAGE, 2023–2030 (USD MILLION) 118

10.2.4    BY END USER    119

TABLE 72           ASIA PACIFIC: MARINE VFD MARKET, BY END USER, 2019–2022 (USD MILLION) 119

TABLE 73           ASIA PACIFIC: MARINE VFD MARKET, BY END USER, 2023–2030 (USD MILLION) 119

10.2.5    BY APPLICATION           119

TABLE 74           ASIA PACIFIC: MARINE VFD MARKET, BY APPLICATION, 2019–2022 (USD MILLION)     119

TABLE 75           ASIA PACIFIC: MARINE VFD MARKET, BY APPLICATION, 2023–2030 (USD MILLION)     120

10.2.6    BY COUNTRY    120

TABLE 76           ASIA PACIFIC: MARINE VFD MARKET, BY COUNTRY, 2019–2022 (USD MILLION) 120

TABLE 77           ASIA PACIFIC: MARINE VFD MARKET, BY COUNTRY, 2023–2030 (USD MILLION) 121

10.2.7    CHINA  121

10.2.7.1 Rising port infrastructure development investments    121

TABLE 78           CHINA: MARINE VFD MARKET, BY END USER, 2019–2022 (USD MILLION)          121

TABLE 79           CHINA: MARINE VFD MARKET, BY END USER, 2023–2030 (USD MILLION)          122

10.2.8    JAPAN  122

10.2.8.1 High emphasis on slashing CO2 emissions and aligning with eco-friendly shipping agenda   122

TABLE 80           JAPAN: MARINE VFD MARKET, BY END USER, 2019–2022 (USD MILLION)          122

TABLE 81           JAPAN: MARINE VFD MARKET, BY END USER, 2023–2030 (USD MILLION)          122

10.2.9    REST OF ASIA PACIFIC  123

TABLE 82           REST OF ASIA PACIFIC: MARINE VFD MARKET, BY END USER, 2019–2022 (USD MILLION)          123

TABLE 83           REST OF ASIA PACIFIC: MARINE VFD MARKET, BY END USER, 2023–2030 (USD MILLION)          123

10.3       EUROPE             124

FIGURE 42         EUROPE: MARINE VFD MARKET SNAPSHOT      125

10.3.1    EUROPE: RECESSION IMPACT   126

10.3.2    BY TYPE             126

TABLE 84           EUROPE: MARINE VFD MARKET, BY TYPE, 2019–2022 (USD MILLION)          126

TABLE 85           EUROPE: MARINE VFD MARKET, BY TYPE, 2023–2030 (USD MILLION)          126

10.3.3    BY VOLTAGE    126

TABLE 86           EUROPE: MARINE VFD MARKET, BY VOLTAGE, 2019–2022 (USD MILLION)          126

TABLE 87           EUROPE: MARINE VFD MARKET, BY VOLTAGE, 2023–2030 (USD MILLION)          127

10.3.4    BY END USER    127

TABLE 88           EUROPE: MARINE VFD MARKET, BY END USER, 2019–2022 (USD MILLION)          127

TABLE 89           EUROPE: MARINE VFD MARKET, BY END USER, 2023–2030 (USD MILLION)          127

10.3.5    BY APPLICATION           128

TABLE 90           EUROPE: MARINE VFD MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 128

TABLE 91           EUROPE: MARINE VFD MARKET, BY APPLICATION, 2023–2030 (USD MILLION) 128

10.3.6    BY COUNTRY    129

TABLE 92           EUROPE: MARINE VFD MARKET, BY COUNTRY, 2019–2022 (USD MILLION)          129

TABLE 93           EUROPE: MARINE VFD MARKET, BY COUNTRY, 2023–2030 (USD MILLION)          130

10.3.7    GERMANY         130

10.3.7.1 Government-led incentives and subsidies for increasing adoption of eco-friendly maritime technologies        130

TABLE 94           GERMANY: MARINE VFD MARKET, BY END USER, 2019–2022 (USD MILLION) 131

TABLE 95           GERMANY: MARINE VFD MARKET, BY END USER, 2023–2030 (USD MILLION) 131

10.3.8    UK         131

10.3.8.1 Strong commitment to sustainable future and technological advancements              131

TABLE 96           UK: MARINE VFD MARKET, BY END USER, 2019–2022 (USD MILLION)          132

TABLE 97           UK: MARINE VFD MARKET, BY END USER, 2023–2030 (USD MILLION)          132

10.3.9    FRANCE             132

10.3.9.1 Relevant collaborations and partnerships in maritime sector      132

TABLE 98           FRANCE: MARINE VFD MARKET, BY END USER, 2019–2022 (USD MILLION)          133

TABLE 99           FRANCE: MARINE VFD MARKET, BY END USER, 2023–2030 (USD MILLION)          133

10.3.10  ITALY   133

10.3.10.1             Technological innovations and shift toward renewable energy   133

TABLE 100         ITALY: MARINE VFD MARKET, BY END USER, 2019–2022 (USD MILLION)          133

TABLE 101         ITALY: MARINE VFD MARKET, BY END USER, 2023–2030 (USD MILLION)          134

10.3.11  SPAIN   134

10.3.11.1             Shift toward cleaner fuels   134

TABLE 102         SPAIN: MARINE VFD MARKET, BY END USER, 2019–2022 (USD MILLION)          134

TABLE 103         SPAIN: MARINE VFD MARKET, BY END USER, 2023–2030 (USD MILLION)          135

10.3.12  NORWAY           135

10.3.12.1             Presence of stringent environmental regulations          135

TABLE 104         NORWAY: MARINE VFD MARKET, BY END USER, 2019–2022 (USD MILLION) 135

TABLE 105         NORWAY: MARINE VFD MARKET, BY END USER, 2023–2030 (USD MILLION) 136

10.3.13  DENMARK         136

10.3.13.1             Growing adoption of energy-efficient technologies and focus on adhering to environmental compliances         136

TABLE 106         DENMARK: MARINE VFD MARKET, BY END USER, 2019–2022 (USD MILLION) 136

TABLE 107         DENMARK: MARINE VFD MARKET, BY END USER, 2023–2030 (USD MILLION) 137

10.3.14  SWEDEN            137

10.3.14.1             Integration of VFDs and other electrification technologies into ferries and other vessels to reduce reliance on fossil fuels        137

TABLE 108         SWEDEN: MARINE VFD MARKET, BY END USER, 2019–2022 (USD MILLION)          137

TABLE 109         SWEDEN: MARINE VFD MARKET, BY END USER, 2023–2030 (USD MILLION)          138

10.3.15  FINLAND           138

10.3.15.1             Government-led incentives and subsidies to shipping companies investing in green technologies        138

TABLE 110         FINLAND: MARINE VFD MARKET, BY END USER, 2019–2022 (USD MILLION) 138

TABLE 111         FINLAND: MARINE VFD MARKET, BY END USER, 2023–2030 (USD MILLION) 139

10.3.16  NETHERLANDS 139

10.3.16.1             Increasing offshore wind expansions and multiyear framework agreements          139

TABLE 112         NETHERLANDS: MARINE VFD MARKET, BY END USER, 2019–2022 (USD MILLION)     139

TABLE 113         NETHERLANDS: MARINE VFD MARKET, BY END USER, 2023–2030 (USD MILLION)     139

10.3.17  BELGIUM          140

10.3.17.1             Growing need to enhance efficiency and reduce vessel emissions              140

TABLE 114         BELGIUM: MARINE VFD MARKET, BY END USER, 2019–2022 (USD MILLION) 140

TABLE 115         BELGIUM: MARINE VFD MARKET, BY END USER, 2023–2030 (USD MILLION) 140

10.3.18  AUSTRIA            140

10.3.18.1             Government focus on use of green technologies           140

TABLE 116         AUSTRIA: MARINE VFD MARKET, BY END USER, 2019–2022 (USD MILLION)          141

TABLE 117         AUSTRIA: MARINE VFD MARKET, BY END USER, 2023–2030 (USD MILLION)          141

10.3.19  GREECE             141

10.3.19.1             High commitment to international maritime regulations            141

TABLE 118         GREECE: MARINE VFD MARKET, BY END USER, 2019–2022 (USD MILLION)          142

TABLE 119         GREECE: MARINE VFD MARKET, BY END USER, 2023–2030 (USD MILLION)          142

10.3.20  REST OF EUROPE           142

TABLE 120         REST OF EUROPE: MARINE VFD MARKET, BY END USER, 2019–2022 (USD MILLION)     142

TABLE 121         REST OF EUROPE: MARINE VFD MARKET, BY END USER, 2023–2030 (USD MILLION)     143

10.4       NORTH AMERICA          143

10.4.1    NORTH AMERICA: RECESSION IMPACT 143

10.4.2    BY TYPE             144

TABLE 122         NORTH AMERICA: MARINE VFD MARKET, BY TYPE, 2019–2022 (USD MILLION) 144

TABLE 123         NORTH AMERICA: MARINE VFD MARKET, BY TYPE, 2023–2030 (USD MILLION) 144

10.4.3    BY VOLTAGE    144

TABLE 124         NORTH AMERICA: MARINE VFD MARKET, BY VOLTAGE, 2019–2022 (USD MILLION)     144

TABLE 125         NORTH AMERICA: MARINE VFD MARKET, BY VOLTAGE, 2023–2030 (USD MILLION)     144

10.4.4    BY END USER    145

TABLE 126         NORTH AMERICA: MARINE VFD MARKET, BY END USER, 2019–2022 (USD MILLION)     145

TABLE 127         NORTH AMERICA: MARINE VFD MARKET, BY END USER, 2023–2030 (USD MILLION)     145

10.4.5    BY APPLICATION           145

TABLE 128         NORTH AMERICA: MARINE VFD MARKET, BY APPLICATION, 2019–2022 (USD MILLION)          145

TABLE 129         NORTH AMERICA: MARINE VFD MARKET, BY APPLICATION, 2023–2030 (USD MILLION)          146

10.4.6    BY COUNTRY    146

TABLE 130         NORTH AMERICA: MARINE VFD MARKET, BY COUNTRY, 2019–2022 (USD MILLION)     146

TABLE 131         NORTH AMERICA: MARINE VFD MARKET, BY COUNTRY, 2023–2030 (USD MILLION)     146

10.4.7    US         147

10.4.7.1 Strong government support and technological advancements     147

TABLE 132         US: MARINE VFD MARKET, BY END USER, 2019–2022 (USD MILLION)          147

TABLE 133         US: MARINE VFD MARKET, BY END USER, 2023–2030 (USD MILLION)          147

10.4.8    CANADA            148

10.4.8.1 Naval expansions and strategic collaborations 148

TABLE 134         CANADA: MARINE VFD MARKET, BY END USER, 2019–2022 (USD MILLION)          148

TABLE 135         CANADA: MARINE VFD MARKET, BY END USER, 2023–2030 (USD MILLION)          148

10.4.9    MEXICO             149

10.4.9.1 Rising offshore expansion activities and focus on environmental conservation              149

TABLE 136         MEXICO: MARINE VFD MARKET, BY END USER, 2019–2022 (USD MILLION)          149

TABLE 137         MEXICO: MARINE VFD MARKET, BY END USER, 2023–2030 (USD MILLION)          149

10.5       SOUTH AMERICA           149

10.5.1    SOUTH AMERICA: RECESSION IMPACT 150

10.5.2    BY TYPE             150

TABLE 138         SOUTH AMERICA: MARINE VFD MARKET, BY TYPE, 2019–2022 (USD MILLION) 150

TABLE 139         SOUTH AMERICA: MARINE VFD MARKET, BY TYPE, 2023–2030 (USD MILLION) 150

10.5.3    BY VOLTAGE    151

TABLE 140         SOUTH AMERICA: MARINE VFD MARKET, BY VOLTAGE, 2019–2022 (USD MILLION)     151

TABLE 141         SOUTH AMERICA: MARINE VFD MARKET, BY VOLTAGE, 2023–2030 (USD MILLION)     151

10.5.4    BY END USER    151

TABLE 142         SOUTH AMERICA: MARINE VFD MARKET, BY END USER, 2019–2022 (USD MILLION)     151

TABLE 143         SOUTH AMERICA: MARINE VFD MARKET, BY END USER, 2023–2030 (USD MILLION)     151

10.5.5    BY APPLICATION           152

TABLE 144         SOUTH AMERICA: MARINE VFD MARKET, BY APPLICATION, 2019–2022 (USD MILLION)          152

TABLE 145         SOUTH AMERICA: MARINE VFD MARKET, BY APPLICATION, 2023–2030 (USD MILLION)          152

10.5.6    BY COUNTRY    153

TABLE 146         SOUTH AMERICA: MARINE VFD MARKET, BY COUNTRY, 2019–2022 (USD MILLION)     153

TABLE 147         SOUTH AMERICA: MARINE VFD MARKET, BY COUNTRY, 2023–2030 (USD MILLION)     153

10.5.7    BRAZIL 153

10.5.7.1 Government-led support and focus on sustainability    153

TABLE 148         BRAZIL: MARINE VFD MARKET, BY END USER, 2019–2022 (USD MILLION)          154

TABLE 149         BRAZIL: MARINE VFD MARKET, BY END USER, 2023–2030 (USD MILLION)          154

10.5.8    ARGENTINA      154

10.5.8.1 Flourishing fishing industry             154

TABLE 150         ARGENTINA: MARINE VFD MARKET, BY END USER, 2019–2022 (USD MILLION) 154

TABLE 151         ARGENTINA: MARINE VFD MARKET, BY END USER, 2023–2030 (USD MILLION) 155

10.5.9    REST OF SOUTH AMERICA         155

TABLE 152         REST OF SOUTH AMERICA: MARINE VFD MARKET, BY END USER,  2019–2022 (USD MILLION)          155

TABLE 153         REST OF SOUTH AMERICA: MARINE VFD MARKET, BY END USER,  2023–2030 (USD MILLION)          156

10.6       MIDDLE EAST & AFRICA             156

10.6.1    RECESSION IMPACT: MIDDLE EAST & AFRICA   156

10.6.2    BY TYPE             156

TABLE 154         MIDDLE EAST & AFRICA: MARINE VFD MARKET, BY TYPE, 2019–2022 (USD MILLION)     156

TABLE 155         MIDDLE EAST & AFRICA: MARINE VFD MARKET, BY TYPE, 2023–2030 (USD MILLION)     157

10.6.3    BY VOLTAGE    157

TABLE 156         MIDDLE EAST & AFRICA: MARINE VFD MARKET, BY VOLTAGE, 2019–2022 (USD MILLION)          157

TABLE 157         MIDDLE EAST & AFRICA: MARINE VFD MARKET, BY VOLTAGE, 2023–2030 (USD MILLION)          157

10.6.4    BY END USER    157

TABLE 158         MIDDLE EAST & AFRICA: MARINE VFD MARKET, BY END USER,  2019–2022 (USD MILLION)          157

TABLE 159         MIDDLE EAST & AFRICA: MARINE VFD MARKET, BY END USER,  2023–2030 (USD MILLION)          158

10.6.5    BY APPLICATION           158

TABLE 160         MIDDLE EAST & AFRICA: MARINE VFD MARKET, BY APPLICATION,  2019–2022 (USD MILLION)        158

TABLE 161         MIDDLE EAST & AFRICA: MARINE VFD MARKET, BY APPLICATION,  2023–2030 (USD MILLION)        159

10.6.6    BY COUNTRY    159

TABLE 162         MIDDLE EAST & AFRICA: MARINE VFD MARKET, BY COUNTRY, 2019–2022 (USD MILLION)          159

TABLE 163         MIDDLE EAST & AFRICA: MARINE VFD MARKET, BY COUNTRY, 2023–2030 (USD MILLION)          160

10.6.7    TURKEY             160

10.6.7.1 Rising focus on modernization of maritime sector        160

TABLE 164         TURKEY: MARINE VFD MARKET, BY END USER, 2019–2022 (USD MILLION)          160

TABLE 165         TURKEY: MARINE VFD MARKET, BY END USER, 2023–2030 (USD MILLION)          161

10.6.8    SOUTH AFRICA 161

10.6.8.1 Deployment of floating power plants equipped with VFDs         161

TABLE 166         SOUTH AFRICA: MARINE VFD MARKET, BY END USER, 2019–2022 (USD MILLION)     161

TABLE 167         SOUTH AFRICA: MARINE VFD MARKET, BY END USER, 2023–2030 (USD MILLION)     162

10.6.9    REST OF MIDDLE EAST & AFRICA           162

TABLE 168         REST OF MIDDLE EAST & AFRICA: MARINE VFD MARKET, BY END USER,  2019–2022 (USD MILLION) 162

TABLE 169         REST OF MIDDLE EAST & AFRICA: MARINE VFD MARKET, BY END USER,  2023–2030 (USD MILLION) 163

11          COMPETITIVE LANDSCAPE       164

11.1       OVERVIEW        164

11.2       KEY STRATEGIES ADOPTED BY MAJOR PLAYERS            164

TABLE 170         KEY STRATEGIES ADOPTED BY TOP PLAYERS, 2019–2022              164

11.3       MARKET SHARE ANALYSIS, 2022             166

TABLE 171         MARINE VFD MARKET: DEGREE OF COMPETITION       167

FIGURE 43         MARINE VFD MARKET SHARE ANALYSIS, 2022   167

11.4       REVENUE ANALYSIS OF TOP FIVE PLAYERS, 2018–2022  168

FIGURE 44         MARINE VFD MARKET: REVENUE ANALYSIS OF TOP FIVE PLAYERS, 2018–2022       168

11.5       EVALUATION MATRIX OF KEY COMPANIES, 2022           169

11.5.1    STARS  169

11.5.2    PERVASIVE PLAYERS     169

11.5.3    EMERGING LEADERS    169

11.5.4    PARTICIPANTS 169

FIGURE 45         MARINE VFD MARKET: EVALUATION MATRIX OF KEY COMPANIES, 2022          170

11.6       COMPETITIVE BENCHMARKING            171

TABLE 172         TYPE: COMPANY FOOTPRINT   171

TABLE 173         END USER: COMPANY FOOTPRINT        172

TABLE 174         APPLICATION: COMPANY FOOTPRINT 173

TABLE 175         VOLTAGE: COMPANY FOOTPRINT        174

TABLE 176         REGION: COMPANY FOOTPRINT            175

TABLE 177         COMPANY FOOTPRINT 176

11.7       COMPETITIVE SCENARIOS AND TRENDS           177

TABLE 178         MARINE VFD MARKET: DEALS, JANUARY 2019–JANUARY 2023              177

TABLE 179         MARINE VFD MARKET: OTHERS, JANUARY 2019–JANUARY 2023              178

12          COMPANY PROFILES    179

(Business overview Products/Solutions/Services offered, Recent Developments, MNM view)*

12.1       KEY PLAYERS   179

12.1.1    SIEMENS            179

TABLE 180         SIEMENS: COMPANY OVERVIEW            179

FIGURE 46         SIEMENS: COMPANY SNAPSHOT            180

TABLE 181         SIEMENS: PRODUCTS/SOLUTIONS/SERVICES OFFERED              181

TABLE 182         SIEMENS: DEALS            181

12.1.2    SCHNEIDER ELECTRIC 183

TABLE 183         SCHNEIDER ELECTRIC: COMPANY OVERVIEW  183

FIGURE 47         SCHNEIDER ELECTRIC: COMPANY SNAPSHOT  184

TABLE 184         SCHNEIDER ELECTRIC: PRODUCTS/SOLUTIONS/SERVICES OFFERED          184

12.1.3    GENERAL ELECTRIC     186

TABLE 185         GENERAL ELECTRIC: COMPANY OVERVIEW      186

FIGURE 48         GENERAL ELECTRIC: COMPANY SNAPSHOT      187

TABLE 186         GENERAL ELECTRIC: PRODUCTS/SOLUTIONS/SERVICES OFFERED          188

TABLE 187         GENERAL ELECTRIC: DEALS     188

12.1.4    ABB       191

TABLE 188         ABB: COMPANY OVERVIEW       191

FIGURE 49         ABB: COMPANY SNAPSHOT       192

TABLE 189         ABB: PRODUCTS/SOLUTIONS/SERVICES OFFERED        192

TABLE 190         ABB: DEALS      193

TABLE 191         ABB: OTHERS   194

12.1.5    DANFOSS          195

TABLE 192         DANFOSS: COMPANY OVERVIEW           195

FIGURE 50         DANFOSS: COMPANY SNAPSHOT           196

TABLE 193         DANFOSS: PRODUCTS/SOLUTIONS/SERVICES OFFERED              197

TABLE 194         DANFOSS: DEALS          197

12.1.6    NIDEC  199

TABLE 195         NIDEC: COMPANY OVERVIEW  199

FIGURE 51         NIDEC: COMPANY SNAPSHOT  200

TABLE 196         NIDEC: PRODUCTS/SOLUTIONS/SERVICES OFFERED   200

TABLE 197         NIDEC: DEALS  201

TABLE 198         NIDEC: OTHERS             202

12.1.7    WEG     203

TABLE 199         WEG: COMPANY OVERVIEW      203

FIGURE 52         WEG: COMPANY SNAPSHOT     204

TABLE 200         WEG: PRODUCTS/SOLUTIONS/SERVICES OFFERED       204

TABLE 201         WEG: DEALS     205

TABLE 202         WEG: OTHERS  205

12.1.8    ROCKWELL AUTOMATION        206

TABLE 203         ROCKWELL AUTOMATION: COMPANY OVERVIEW        206

FIGURE 53         ROCKWELL AUTOMATION: COMPANY SNAPSHOT        207

TABLE 204         ROCKWELL AUTOMATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED   207

TABLE 205         ROCKWELL AUTOMATION: DEALS        208

12.1.9    INGETEAM        209

TABLE 206         INGETEAM: COMPANY OVERVIEW        209

TABLE 207         INGETEAM: PRODUCTS/SOLUTIONS/SERVICES OFFERED              209

TABLE 208         INGETEAM: PRODUCT LAUNCHES        210

TABLE 209         INGETEAM: DEALS        210

12.1.10  TRIOL  213

TABLE 210         TRIOL: COMPANY OVERVIEW   213

TABLE 211         TRIOL: PRODUCTS/SOLUTIONS/SERVICES OFFERED    213

TABLE 212         TRIOL: DEALS  213

12.1.11  CG POWER AND INDUSTRIAL SOLUTIONS         215

TABLE 213         CG POWER AND INDUSTRIAL SOLUTIONS: COMPANY OVERVIEW        215

FIGURE 54         CG POWER AND INDUSTRIAL SOLUTIONS: COMPANY SNAPSHOT        216

TABLE 214         CG POWER AND INDUSTRIAL SOLUTIONS: PRODUCTS/SOLUTIONS/SERVICES OFFERED   217

12.1.12  LS ELECTRIC CO., LTD. 218

TABLE 215         LS ELECTRIC CO., LTD.: COMPANY OVERVIEW 218

TABLE 216         LS ELECTRIC CO., LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED          218

12.1.13  JOHNSON CONTROLS   219

TABLE 217         JOHNSON CONTROLS: COMPANY OVERVIEW   219

FIGURE 55         JOHNSON CONTROLS: COMPANY SNAPSHOT   220

TABLE 218         JOHNSON CONTROLS: PRODUCTS/SOLUTIONS/SERVICES OFFERED          220

12.1.14  HONEYWELL    221

TABLE 219         HONEYWELL: COMPANY OVERVIEW     221

FIGURE 56         HONEYWELL: COMPANY SNAPSHOT    222

TABLE 220         HONEYWELL: PRODUCTS/SOLUTIONS/SERVICES OFFERED              222

12.1.15  PARKER HANNIFIN        223

TABLE 221         PARKER HANNIFIN: COMPANY OVERVIEW        223

FIGURE 57         PARKER HANNIFIN: COMPANY SNAPSHOT        223

TABLE 222         PARKER HANNIFIN: PRODUCTS/SOLUTIONS/SERVICES OFFERED          224

TABLE 223         PARKER HANNIFIN: DEALS        224

*Details on Business overview Products/Solutions/Services offered, Recent Developments, MNM view might not be captured in case of unlisted companies.

12.2       OTHER PLAYERS           225

12.2.1    INVERTEK DRIVES         225

12.2.2    SELMA 225

12.2.3    HI-SEA 226

12.2.4    BOSCH REXROTH          226

12.2.5    NORD   227

13          APPENDIX         228

13.1       INSIGHTS FROM INDUSTRY EXPERTS   228

13.2       DISCUSSION GUIDE      229

13.3       KNOWLEDGESTORE: MARKETSANDMARKETS’  SUBSCRIPTION PORTAL             234

13.4       CUSTOMIZATION OPTIONS      236

13.5       RELATED REPORTS       236

13.6       AUTHOR DETAILS         237