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Global Variable Frequency Drive (VFD) Market Size Worth $40 Billion By 2026 | CAGR: 4.9%

The global variable frequency drive market is anticipated to grow substantially over the forthcoming time period owing to favorable government regulations toward distribution of sustainable energy and rising customer demand in the automobile sector. High flexibility and reliability in compliance with low maintenance and installation cost will boost the market scenario further. Moreover, the replacement of conventional AC and DC drives in commercial, residential, and industrial segments is also expected to fuel the market growth.

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In addition, the main function of a variable frequency drive is to facilitate smooth control together with energy savings. The variable speed motor drive system is much more effective in comparison to other flow control methods which includes dampers, hydraulic transmissions, turbines, and valves. Additionally, variable frequency drives also considerably decrease the wear caused to the motor while increasing the lifespan of the equipment and lowering maintenance costs. Moreover, the adjustable speed motor-drive systems are considered more reliable and efficient than the conventional mechanical approaches like gears, valves, turbines.

Notable industry players operating in global VFD market include Vacon, Johnson Controls, Fuji Electric, Eaton, and Siemens among others. As per a research report by Global Market Insights, Inc., global variable frequency drive market is projected to exceed annual installations of 30 million units by the end of 2026.

Below is a brief overview of key trends that are stimulating the global VFD market growth:

Expanding applicability of DC variable frequency drives

The DC variable frequency drive market size is poised to increase considerably owing to its widening applicability across industries like chemical & cement, and metal.

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Characteristics such as simple circuits, constant speed, broad range of changing loads, and high start-up torque are key parameters that are likely to stimulate the applicability of grinders & cutters across the food processing sector.

The expansion of automotive sector coupled with the growing applicability of DPG & TENV DC drives across manufacturing facilities will make a positive impact on the market outlook in coming years.

Increasing R&D sector investments

Several ongoing investments toward the R&D sector, in efforts to increase the product life cycle, flexibility, and performance of voltage drives, will enhance the product landscape. Citing an example, Schneider Electric, in 2018, introduced Lexium 28 servo drives & motors with capacity between 0.4-7 Kw for the company’s PacDrive automation solution.

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The solution features three separate network phases that has a supply voltage of 170-255 for a single phase and approximately 200-255 for three phases.

Moreover, the growing adoption of highly advanced technology across the sustainable energy network will further encourage the product demand in coming years.

Technological upgradation of the HVAC industry

The adoption of technological innovations by HVAC industry to stand by energy efficiency norms is anticipated to boost the global variable voltage drive market outlook over the forecast timeframe.

For example, PowerXL DH1 variable frequency drive delivered by Eaton for HVAC/ R applications, which further enables cost saving, decreases energy consumption, and a ensures reliable motor performance. Adoption of such VFD solutions across the HVAC industry is likely to open up a remunerative revenue source for the VFD market in coming years.

About Global Market Insights

Global Market Insights Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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Arun Hegde

Corporate Sales, USA

Global Market Insights Inc.

Phone: 1-302-846-7766

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