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Large Scale Variable Frequency Drives Market Share

Report ID: GMI7471
Published Date: Nov 2023
Report Format: PDF

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Large Scale Variable Frequency Drives Market Share

Prominent manufacturers operating across the large scale variable frequency drive market are actively enhancing their industry presence through making strategic alliances, partnerships, and mergers and acquisitions. These initiatives are focused towards introducing innovative technologies and driving growth within the industry. Key players in the industry include:

General Electric
Shanghai Yixin International Trade Co., Ltd.
Siemens
Ingeteam Power Technology, S.A
ABB
WEG
Eaton
Rockwell Automation
YASKAWA ELECTRIC CORPORATION
Danfoss
Nidec Industrial Solutions
TMEIC
Schneider Electric
Fuji Electric Co., Ltd.
CG Power & Industrial Solutions Ltd.
Hiconics Eco-energy Technology Co., Ltd.
General Atomics
VEM Group
TRIOL Corporation
PARKER HANNIFIN CORP

Authors: Ankit Gupta, Divyendu Sharma

Frequently Asked Questions (FAQ) :

The market size of large scale variable frequency drives was worth USD 2 billion in 2022 and is projected to observe around 5.7% growth at through 2032, owing to increasing demand for energy-efficient systems and the implementation of stringent regulations aimed at curbing energy consumption.

The pump application is anticipated to witness a revenue share of over 42% in 2022 and will gain momentum as VFDs are frequently employed in pump systems to offer precise control over the electrical power frequency, enabling the effective adjustment of pressure or flow within the system.

Asia Pacific variable frequency drives market was valued at USD 1 billion in 2022 and will continue to showcase impressive growth trends, owing to the robust industrial expansion, that has led to increased demand for large-scale VFDs to control and optimize various industrial processes.

General Electric, Shanghai Yixin International Trade Co., Ltd., Siemens, Ingeteam Power Technology, S.A, ABB, WEG, Eaton, Rockwell Automation, YASKAWA ELECTRIC CORPORATION, and Danfoss among others.