Variable Frequency Drive (VFD) Market Size, Share & Industry Analysis, By Type (AC Drive, DC Drive, Servo Drive), By Power Range (Micro, Low, Medium, High), By Application (Pumps, Electric Fan, HVAC, Conveyors, Extruders, Others), By End-user (Power Generation, Infrastructure, Oil & Gas, Food & Beverages, Mining, Agriculture, and Others), and Regional Forecasts, 2024-2032

ATTRIBUTE

DETAILS

Study Period

2019-2032

Base Year

2023

Estimated Year

2024

Forecast Period

2024-2032

Historical Period

2019-2022

Growth Rate

CAGR of 7.5% from 2024 to 2032

Unit

Value (USD Billion)

Segmentation

By Type

• AC Drive
• DC Drive
• Servo Drive

By Power Range

• Micro
• Low
• Medium
• High

By Application

• Pumps
• Electric Fans
• HVAC
• Conveyors
• Extruders
• Others

By End-user

• Power Generation
• Infrastructure
• Oil & Gas
• Food & Beverages
• Mining
• Agriculture
• Others

By Geography

• North America (By Type, By Power Range, By Application, By End-user, and by Country)
  • U.S. (By End-user)
  • Canada (By End-user)
• Europe (By Type, By Power Range, By Application, By End-user, and by Country)
  • U.K. (By End-user)
  • Germany (By End-user)
  • France (By End-user)
  • Italy (By End-user)
  • Spain (By End-user)
  • Russia (By End-user)
  • Rest of Europe (By End-user)
• Asia Pacific (By Type, By Power Range, By Application, By End-user, and by Country)
  • China (By End-user)
  • Japan (By End-user)
  • India (By End-user)
  • Australia (By End-user)
  • Southeast Asia (By End-user)
  • Rest of Asia Pacific (By End-user)
• Latin America (By Type, By Power Range, By Application, By End-user, and by Country)
  • Brazil (By End-user)
  • Mexico (By End-user)
  • Rest of Latin America (By End-user)
• Middle East & Africa (By Type, By Power Range, By Application, By End-user, and by Country)
  • GCC (By End-user)
  • South Africa (By End-user)
  • Rest of Middle East & Africa (By End-user)