Europe Variable Frequency Drives Market – By Voltage, By Drive, By Application, By End-Use & Forecast, 2025 - 2034

Europe Variable Frequency Drives Market Size

Europe variable frequency drives market size in 2024 was valued at USD 5.7 billion and is estimated to observe a growth rate of 3.8% from 2025 to 2034. The growing demand for energy-efficient devices coupled with the introduction of stringent regulations on energy consumption, has significantly driven the industry growth.
 

For instance, the European Union's updated Energy Performance of Buildings Directive and Energy Efficiency Directive are designed to improve the energy performance of buildings. These regulations aim to achieve a fully decarbonized and highly efficient building stock by 2050, foster a stable investment climate, and empower both consumers and businesses to make informed energy-saving decisions.
 

Europe Variable Frequency Drives Market Trends

Europe variable frequency drives industry is projected to experience growth driven by the rising investments in upgrading existing energy infrastructures and the implementation of stern regulations aimed at reducing emissions and energy consumption. For instance, In December 2023, the European Parliament and Council initiated a interim deal to reform the electricity market design, followed by the adoption of the Net-Zero Industry Act in February 2024. Additionally, the rising demand for energy-efficient and reliable motor control solutions, coupled with a strong emphasis on enhancing energy efficiency and the growing need in industrial automation, will drive increased product adoption.
 

Europe Variable Frequency Drives Market Analysis

Europe low voltage drives industry is poised to exceed USD 7.4 billion by 2034, driven by the increasing focus on industrial automation, greater emphasis on energy efficiency, and technological advancements. The rising demand for efficient, cost-effective solutions across a broad range of industries and applications, along with a continued push for energy optimization, will further boost product demand. Moreover, encouraging government initiatives and incentives promoting energy efficiency, along with financial support for manufacturers investing in low voltage drive technologies, are further driving the adoption and growth of these technologies.
 

The AC drives market is projected to grow at a rate exceeding 3.5% through 2034. Advances in AC drive technology, including the integration of IoT capabilities and smart features, are enhancing performance & functionality, driving increased demand for these products. Additionally, rising investments across various industries and the adoption of Industry 4.0, with its focus on advanced automation & technologies, are expected to further strengthen the market outlook. Moreover, the scalability & versatility of AC drives make them well-suited for a diverse array of applications, ranging from small-scale facilities to large industrial operations, which will stimulate the AC drives industry dynamics.
 

Germany variable frequency drives market is anticipated to surpass USD 1.4 billion by 2034. Supportive government initiatives aimed at fostering industrial development, along with the implementation of Industry 4.0 and the automation of various manufacturing processes, will enhance the market landscape. For instance, in April 2024, the European Commission approved a German initiative worth USD 2.4 billion to support the decarbonization of industrial production, in line with the Green Deal Industrial Plan. Authorized under the State Aid Temporary Crisis and Transition Framework. Moreover, growing efforts to reduce energy consumption and enhance energy efficiency across various industrial operations will further boost market dynamics.
 

Europe Variable Frequency Drives Market Share

Leading companies in the Europe VFD market are focusing on strategic collaborations, partnerships, and the development of innovative technologies to strengthen their competitive position. In addition, major industry players, including KEB Automation, Danfoss, ABB, GE Vernova, Yaskawa Europe GmbH, and Siemens, among others, collectively dominate the market share.
 

Europe Variable Frequency Drives Market Companies

Major players operating across the industry include:

• ABB
• Bosch Rexroth
• Danfoss
• Eaton
• Emerson Electric
• Fuji Electric Europe
• GE Vernova
• Honeywell International
• Invertek Drives
• Johnson Controls
• KEB Automation
• Kostal Industrie Elektrik
• Mitsubishi Electric Europe
• Nidec Motor Corporation
• Omron Corporation
• Parker Hannifin
• Schneider Electric
• Siemens
• WEG
• Yaskawa Europe
   

Europe Variable Frequency Drives Industry News

• In April 2024, Invertek Drives announced that it will showcase its VFD portfolio at IFAT Munich, scheduled from May 13 to 17. The company aims to highlight how its devices augment operational processes, enhance energy efficiency, and ensure regulatory compliance. These drives are designed to lower operational costs while supporting EU sustainability objectives, including those outlined in the Urban Wastewater Treatment Directive.
   
• In November 2023, Franklin Electric launched its latest line of VFDs called the CERUS X-Drive and DrivE-Tech COMPACT. These new offerings represent cutting-edge, reliable, and compact drive solutions suitable for a wide range of industries and applications. Both models combine the simplicity of cost-effective, user-friendly controllers with the advanced design features necessary for high-performance applications in sectors such as pumps, HVAC, and industrial markets.
   

The Europe variable frequency drives market research report includes in-depth coverage of the industry with estimates & forecast in terms of “Units” and “USD Million” from 2021 to 2034, for the following segments:

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Market, By Voltage

• Low
• Medium

Market, By Drive

• AC
• DC
• Servo

Market, By Application

• Pump
• Fan
• Conveyor
• Compressor
• Extruder
• Others

Market, By End-Use

• Oil & gas
• Power generation
• Mining & metals
• Pulp & paper
• Marine
• Others

The above information has been provided for the following countries:

• Germany
• UK
• France
• Italy
• Spain
• Russia