대형 가변 주파수 드라이브(VFD) 시장 예측(-2030년) : 유형별, 정격 전력별, 전압별, 용도별, 최종사용자별, 지역별 세계 분석

According to Stratistics MRC, the Global Large Scale Variable Frequency Drives Market is accounted for $2.3 billion in 2024 and is expected to reach $3.3 billion by 2030, growing at a CAGR of 6.4% during the forecast period. Large scale variable frequency drives (VFDs) are electronic devices that adjust the voltage and frequency applied to large electric motors to regulate their torque and speed. These drives are mainly used in industrial settings to minimize wear, maximize motor performance, and improve energy efficiency in pumps, compressors, conveyors, and HVAC systems. As they provide precise control over high-power motor systems, they are indispensable in several industries.

According to the International Energy Agency (IEA), electric motor-driven systems account for more than 50% of all electricity generated in the world.

Market Dynamics:

Driver:

Growing trend towards automation

The growing trend towards automation is a significant driver for the large-scale variable frequency drives market. As industries increasingly adopt automated processes to improve efficiency and productivity, the demand for VFDs rises. These drives play a crucial role in controlling motor speeds in various applications, from manufacturing to HVAC systems. According to recent research, 553,025 new industrial robots were installed globally in 2023, indicating a strong push towards automation. This trend is expected to continue, with governments like India aiming to increase manufacturing output contribution to GDP from 16% to 25% by 2025, further driving the adoption of VFDs in automated systems.

Restraint:

Complexity in integration

Incorporating VFDs often requires extensive technical expertise to ensure compatibility with current control systems, motors, and infrastructure. The process may involve reprogramming, adjustments, and thorough testing, which can lead to prolonged periods of downtime during implementation. This complexity can be particularly challenging for smaller businesses or industries with limited technical resources. Additionally, the integration process may require substantial initial investments in terms of time, money, and workforce training.

Opportunity:

Rapid industrialization and urbanization

Developing countries are investing in infrastructure and industrial development, and the demand for energy-efficient solutions like VFDs increases. These drives are essential in managing power consumption in large buildings, industrial processes, and urban infrastructure projects. For instance, the Indian government's initiative to increase manufacturing output contribution to GDP to 25% by 2025 is likely to boost VFD adoption. Additionally, the growing focus on smart cities and energy-efficient buildings in rapidly urbanizing areas creates new applications for VFDs in HVAC systems, water management, and other urban utilities, driving market growth.

Threat:

Sensitivity to harmonics

VFDs can generate harmonic distortions in electrical systems, which can lead to power quality issues, equipment malfunctions, and increased energy losses. These harmonics can affect not only the VFD system itself but also other connected equipment and the overall power grid. As power quality regulations become more stringent, manufacturers face the challenge of developing VFDs that minimize harmonic distortions while maintaining efficiency and performance. The need for additional harmonic mitigation equipment can increase the overall cost of VFD installations, potentially deterring users.

Covid-19 Impact:

The COVID-19 pandemic initially disrupted the large scale variable frequency drives market, causing supply chain issues and project delays. However, it also accelerated the adoption of automation and energy-efficient solutions in industries seeking to reduce operational costs. The pandemic highlighted the importance of remote monitoring and control capabilities in VFDs, driving innovation in IoT-enabled drives. Long-term impacts include increased focus on resilient and flexible manufacturing processes, benefiting VFD adoption.

The AC drives segment is expected to be the largest during the forecast period

Over the forecasted timeframe, the AC drives segment is anticipated to dominate the market share. AC drives are widely preferred in industrial applications due to their versatility, efficiency, and compatibility with a broad range of motors. They offer significant energy savings, precise speed control, and reduced mechanical stress on equipment. The dominance of AC drives is supported by their extensive use in sectors such as manufacturing, HVAC, and water treatment. The ongoing technological advancements in AC drive technology, including improved power density and enhanced control algorithms, further contribute to their market leadership.

The medium power drives (41kW to 200kW) segment is expected to have the highest CAGR during the forecast period

During the projection period, the medium power drives (41kW to 200kW) segment is expected to grow at the highest CAGR. Medium power drives offer a balance between performance and cost-effectiveness, making them suitable for a wide range of applications that require significant power but not at the highest levels. The growing focus on energy efficiency in mid-sized industrial operations and the expansion of manufacturing sectors in developing economies are key factors driving the demand for medium power drives. Additionally, technological advancements in this segment, such as improved control features and compact designs, are enhancing their appeal to end-users.

Region with largest share:

During the estimation period, the Asia Pacific region is expected to capture the largest market share. This dominance can be attributed to several factors, including rapid industrialization, increasing energy efficiency regulations, and significant investments in infrastructure development across countries like China, India, and Southeast Asian nations. The region's manufacturing sector, particularly in industries such as automotive, electronics, and textiles, is a major consumer of VFDs. Government initiatives promoting energy-efficient technologies and the ongoing shift towards automation in industries further contribute to the region's market leadership.

Region with highest CAGR:

The Asia Pacific region is projected to achieve the highest CAGR during the forecast period. This rapid growth is driven by factors such as accelerating industrialization, urbanization, and the increasing focus on energy efficiency across various sectors. Countries like India and China are witnessing substantial growth in manufacturing and infrastructure development, creating a strong demand for VFDs. The region's emphasis on smart manufacturing practices and Industry 4.0 initiatives is boosting the adoption of advanced VFD technologies. Additionally, the growing awareness of energy conservation and stringent government regulations on energy efficiency are propelling market growth in this region.

Key players in the market

Some of the key players in Large Scale Variable Frequency Drives Market include ABB Ltd., Siemens AG, Schneider Electric SE, Danfoss A/S, Rockwell Automation, Inc., Yaskawa Electric Corporation, Mitsubishi Electric Corporation, Fuji Electric Co., Ltd., Eaton Corporation, General Electric Company, Toshiba International Corporation, WEG S.A., Nidec Corporation, Hitachi, Ltd., Johnson Controls International plc, Emerson Electric Co., Honeywell International Inc., and TMEIC.

Key Developments:

In April 2024, Schneider Electric SE unveiled the Altivar Process ATV6000 medium voltage drive, designed for large industrial applications up to 10 MW. The drive incorporates AI-based predictive maintenance features.

In March 2024, ABB Ltd. launched the ACS880-17 drive module, designed for large-scale industrial applications with power ranges up to 6000 kW. The new module offers improved energy efficiency and reduced harmonics.

In November 2023, Mitsubishi Electric Corporation introduced the FREQROL-A800 Plus series, featuring advanced vector control and expanded power ranges up to 1500 kW for large industrial applications.

Types Covered:

• AC Drives
• DC Drives
• Servo Drives

Power Ratings Covered:

• Low Power Drives (Up to 40kW)
• Medium Power Drives (41kW to 200kW)
• High Power Drives (Above 200kW)

Voltages Covered:

• Low Voltage (Up to 690V)
• Medium Voltage (690V to 3000V)
• High Voltage (Above 3000V)

Applications Covered:

• Pumps
• Fans & Ventilators
• Compressors
• Conveyors
• HVAC Systems
• Extruders
• Other Applications

End Users Covered:

• Oil & Gas
• Power Generation
• Mining & Metals
• Water & Wastewater Treatment
• Chemicals & Petrochemicals
• Food & Beverage
• Pulp & Paper
• Automotive
• Textiles & Apparel
• Other End Users

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface

• 2.1 Abstract
• 2.2 Stake Holders
• 2.3 Research Scope
• 2.4 Research Methodology
  • 2.4.1 Data Mining
  • 2.4.2 Data Analysis
  • 2.4.3 Data Validation
  • 2.4.4 Research Approach
• 2.5 Research Sources
  • 2.5.1 Primary Research Sources
  • 2.5.2 Secondary Research Sources
  • 2.5.3 Assumptions

3 Market Trend Analysis

• 3.1 Introduction
• 3.2 Drivers
• 3.3 Restraints
• 3.4 Opportunities
• 3.5 Threats
• 3.6 Application Analysis
• 3.7 End User Analysis
• 3.8 Emerging Markets
• 3.9 Impact of Covid-19

4 Porters Five Force Analysis

• 4.1 Bargaining power of suppliers
• 4.2 Bargaining power of buyers
• 4.3 Threat of substitutes
• 4.4 Threat of new entrants
• 4.5 Competitive rivalry

5 Global Large Scale Variable Frequency Drives Market, By Type

• 5.1 Introduction
• 5.2 AC Drives
• 5.3 DC Drives
• 5.4 Servo Drives

6 Global Large Scale Variable Frequency Drives Market, By Power Rating

• 6.1 Introduction
• 6.2 Low Power Drives (Up to 40kW)
• 6.3 Medium Power Drives (41kW to 200kW)
• 6.4 High Power Drives (Above 200kW)

7 Global Large Scale Variable Frequency Drives Market, By Voltage

• 7.1 Introduction
• 7.2 Low Voltage (Up to 690V)
• 7.3 Medium Voltage (690V to 3000V)
• 7.4 High Voltage (Above 3000V)

8 Global Large Scale Variable Frequency Drives Market, By Application

• 8.1 Introduction
• 8.2 Pumps
• 8.3 Fans & Ventilators
• 8.4 Compressors
• 8.5 Conveyors
• 8.6 HVAC Systems
• 8.7 Extruders
• 8.8 Other Applications

9 Global Large Scale Variable Frequency Drives Market, By End User

• 9.1 Introduction
• 9.2 Oil & Gas
• 9.3 Power Generation
• 9.4 Mining & Metals
• 9.5 Water & Wastewater Treatment
• 9.6 Chemicals & Petrochemicals
• 9.7 Food & Beverage
• 9.8 Pulp & Paper
• 9.9 Automotive
• 9.10 Textiles & Apparel
• 9.11 Other End Users

10 Global Large Scale Variable Frequency Drives Market, By Geography

• 10.1 Introduction
• 10.2 North America
  • 10.2.1 US
  • 10.2.2 Canada
  • 10.2.3 Mexico
• 10.3 Europe
  • 10.3.1 Germany
  • 10.3.2 UK
  • 10.3.3 Italy
  • 10.3.4 France
  • 10.3.5 Spain
  • 10.3.6 Rest of Europe
• 10.4 Asia Pacific
  • 10.4.1 Japan
  • 10.4.2 China
  • 10.4.3 India
  • 10.4.4 Australia
  • 10.4.5 New Zealand
  • 10.4.6 South Korea
  • 10.4.7 Rest of Asia Pacific
• 10.5 South America
  • 10.5.1 Argentina
  • 10.5.2 Brazil
  • 10.5.3 Chile
  • 10.5.4 Rest of South America
• 10.6 Middle East & Africa
  • 10.6.1 Saudi Arabia
  • 10.6.2 UAE
  • 10.6.3 Qatar
  • 10.6.4 South Africa
  • 10.6.5 Rest of Middle East & Africa

11 Key Developments

• 11.1 Agreements, Partnerships, Collaborations and Joint Ventures
• 11.2 Acquisitions & Mergers
• 11.3 New Product Launch
• 11.4 Expansions
• 11.5 Other Key Strategies

12 Company Profiling

• 12.1 ABB Ltd.
• 12.2 Siemens AG
• 12.3 Schneider Electric SE
• 12.4 Danfoss A/S
• 12.5 Rockwell Automation, Inc.
• 12.6 Yaskawa Electric Corporation
• 12.7 Mitsubishi Electric Corporation
• 12.8 Fuji Electric Co., Ltd.
• 12.9 Eaton Corporation
• 12.10 General Electric Company
• 12.11 Toshiba International Corporation
• 12.12 WEG S.A.
• 12.13 Nidec Corporation
• 12.14 Hitachi, Ltd.
• 12.15 Johnson Controls International plc
• 12.16 Emerson Electric Co.
• 12.17 Honeywell International Inc.
• 12.18 TMEIC