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

Europe Variable Frequency Drives Market Size

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

Download Free Sample

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.

To get key market trends

Download Free Sample

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 Report Attributes
Report Attribute	Details
Base Year:	2024
Europe Variable Frequency Drives Market Size in 2024:	USD 5.7 Billion
Forecast Period:	2025 to 2034
Forecast Period 2025 to 2034 CAGR:	3.8%
2034 Value Projection:	USD 8.3 Billion
Historical Data for:	2021 - 2023
No. of Pages:	95
Tables, Charts & Figures:	14
Segments covered:	Voltage, Drive, Application, End-Use and Country
Growth Drivers:	Accelerating investments across industrial infrastructure and rising energy demand Rising deployment for energy efficient systems and introduction of emission standards
Pitfalls & Challenges:	High initial deployment cost

Learn more about the key segments shaping this market

Download Free Sample

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.