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Large Scale Variable Frequency Drives Market Share

Report ID: GMI7471
Published Date: Aug 2024
Report Format: PDF

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Large Scale Variable Frequency Drives Market Share

Major manufacturers operating across the industry are aiming toward introduction of enhanced technologies, opting for strategic mergers and acquisitions, joint ventures, partnerships and collaborations to enhance their market position over the others. Rising adoption of internet of things, improved performance optimization and introduction of digital technologies has prompted manufacturers to take innovative and new steps across the industry to hold majority of market share.

Large Scale Variable Frequency Drives Market Companies

Major manufacturers operating across the industry comprise of:

ABB
CG Power & Industrial Solutions Ltd.
Danfoss
Eaton
Fuji Electric Co., Ltd.
General Atomics
GE Vernova
Hiconics Eco-energy Technology Co., Ltd.
Ingeteam Power Technology, S.A
NIDEC CORPORATION
PARKER HANNIFIN CORP
Rockwell Automation
Schneider Electric
Siemens
TMEIC
TRIOL Corporation
VEM GmbH
WEG
YASKAWA ELECTRIC CORPORATION

Authors: Ankit Gupta, Divyendu Sharma

Frequently Asked Questions (FAQ) :

Market size for large scale variable frequency drives crossed USD 2.2 billion in 2023 and is expected to register 5.7% CAGR from 2024-2032 owing to the flourishing investment for industrial infrastructural development and increasing demand for energy efficient technologies worldwide.

Large scale variable frequency drives industry from the low voltage drives segment is expected to register reach over USD 1 billion by 2032 due to increasing industrial automation, rising demand for energy efficient units and shifting focus toward motor control components.

Asia Pacific industry is expected to reach over USD 1.6 billion by 2032 due to growing clean power generation, surging investments for industrial development, and paradigm shift towards energy conservation in the region.

Eaton, GE Vernova, NIDEC CORPORATION, PARKER HANNIFIN CORP, Rockwell Automation, Schneider Electric, Siemens, TMEIC, TRIOL Corporation, VEM GmbH, WEG, and YASKAWA ELECTRIC CORPORATION, are some of the major large scale variable frequency drives companies worldwide.