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Large Scale Variable Frequency Drives Market Trends

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

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Large Scale Variable Frequency Drives Market Trends

The large-scale variable frequency drives industry is poised for significant growth, driven by the introduction of stringent regulations related to energy consumption along with rising demand for energy efficient systems. Growing investments and expenditure for oil & gas, automation and power generation sectors has resulted in increasing demand for high powered systems offering solutions to enhance infrastructure energy output are some of the key factors positively impacting the business dynamics. The ongoing emphasis on energy efficiency, automation, and advanced motor control in various sectors, coupled with continuous technological innovations and substantial investments in the infrastructure, is set to observe substantial growth across the industry.

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.