Europe Variable Frequency Drive Market Size & Outlook
Europe variable frequency drive market, 2018-2030 (US$M)
Related Markets
Europe variable frequency drive market highlights
- The Europe variable frequency drive market generated a revenue of USD 8,140.5 million in 2023.
- The market is expected to grow at a CAGR of 5.7% from 2024 to 2030.
- In terms of segment, ac drives was the largest revenue generating product in 2023.
- AC Drives is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Germany is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 8,140.5 million |
| Market revenue in 2030 | USD 11,997.0 million |
| Growth rate | 5.7% (CAGR from 2023 to 2030) |
| Largest segment | Ac drives |
| Fastest growing segment | AC Drives |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | AC Drives, DC Drives, Servo Drives |
| Key market players worldwide | ABB Ltd, Eaton Corp PLC, GE Aerospace, Hitachi Ltd, Rockwell Automation Inc, Schneider Electric SE, Siemens AG, Danfoss A/S, Weg SA ADR, YASKAWA Electric Corp |
Other key industry trends
- In terms of revenue, Europe region accounted for 30.0% of the global variable frequency drive market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Latin America is the fastest growing regional market and is projected to reach USD 3,673.8 million by 2030.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Variable Frequency Drive Market Scope
Variable Frequency Drive Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Europe variable frequency drive market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to variable frequency drive market will help companies and investors design strategic landscapes.
Ac drives was the largest segment with a revenue share of 69.16% in 2023. Horizon Databook has segmented the Europe variable frequency drive market based on ac drives, dc drives, servo drives covering the revenue growth of each sub-segment from 2018 to 2030.
- Europe Variable Frequency Drive Product Outlook (Revenue, USD Million, 2018-2030)
- AC Drives
- DC Drives
- Servo Drives
- Europe Variable Frequency Drive Power Range Outlook (Revenue, USD Million, 2018-2030)
- Micro (0-5 kW)
- Low (6-40 kW)
- Medium (41-200 kW)
- High (>200 kW)
- Europe Variable Frequency Drive Application Outlook (Revenue, USD Million, 2018-2030)
- Pumps
- Electric Fans
- Conveyers
- HVAC
- Extruders
- Others
- Europe Variable Frequency Drive End Use Outlook (Revenue, USD Million, 2018-2030)
- Oil & Gas
- Power Generation
- Industrial
- Infrastructure
- Automotive
- Food & Beverages
- Others
Reasons to subscribe to Europe variable frequency drive market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of Europe variable frequency drive market databook
-
Our clientele includes a mix of variable frequency drive market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Europe variable frequency drive market , including forecasts for subscribers. This continent databook contains high-level insights into Europe variable frequency drive market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Europe variable frequency drive market size, by country, 2018-2030 (US$M)
Europe Variable Frequency Drive Market Outlook Share, 2023 & 2030 (US$M)
Related industry reports
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
