Home > Semiconductors & Electronics > Automation > Industrial Automation > Europe Variable Frequency Drives Market

Europe Variable Frequency Drives Market Share

Report ID: GMI9747
Published Date: Nov 2024
Report Format: PDF

Download Free Sample

Europe Variable Frequency Drives Market Share

Europe Variable Frequency Drives Market Company Share Analysis, 2024

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

Authors: Ankit Gupta, Manish Dhiman

Frequently Asked Questions (FAQ) :

The Europe market size for variable frequency drives was valued at USD 5.7 billion in 2024 and is expected to reach USD 8.3 billion by 2034, driven by a CAGR of 3.8% from 2025 to 2034.

The Europe variable frequency drives industry from AC drives market is projected to grow at a rate exceeding 3.5% through 2034, driven by technological advancements and the adoption of Industry 4.0.

The Germany variable frequency drives market is anticipated to surpass USD 1.4 billion by 2034, driven by supportive government initiatives and efforts to enhance energy efficiency.

Major players in the industry include ABB, Bosch Rexroth, Danfoss, Eaton, Emerson Electric, Fuji Electric Europe, GE Vernova, Honeywell International, Invertek Drives, and Johnson Controls.