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Europe Variable Frequency Drives Market Trends

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

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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.

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.