Mexico Variable Frequency Drive Market Size & Outlook

The variable frequency drive market in Mexico is expected to reach a projected revenue of US$ 764.2 million by 2030. A compound annual growth rate of 7.2% is expected of Mexico variable frequency drive market from 2024 to 2030.

Revenue, 2023 (US$M)
$471.1
Forecast, 2030 (US$M)
$764.2
CAGR, 2024 - 2030
7.2%
Report Coverage
Mexico

Mexico variable frequency drive market highlights

  • The Mexico variable frequency drive market generated a revenue of USD 471.1 million in 2023 and is expected to reach USD 764.2 million by 2030.
  • The Mexico market is expected to grow at a CAGR of 7.2% from 2024 to 2030.
  • In terms of segment, ac drives was the largest revenue generating product in 2023.
  • Servo Drives is the most lucrative product segment registering the fastest growth during the forecast period.

Variable frequency drive market data book summary

Market revenue in 2023USD 471.1 million
Market revenue in 2030USD 764.2 million
Growth rate7.2% (CAGR from 2023 to 2030)
Largest segmentAc drives
Fastest growing segmentServo Drives
Historical data2018 - 2022
Base year2023
Forecast period2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationAC Drives, DC Drives, Servo Drives
Key market players worldwideABB 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, Mexico accounted for 1.7% of the global variable frequency drive market in 2023.
  • Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
  • In Latin America, Brazil variable frequency drive market is projected to lead the regional market in terms of revenue in 2030.
  • Mexico is the fastest growing regional market in Latin America and is projected to reach USD 764.2 million by 2030.

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Variable Frequency Drive Market Scope

Variable frequency drive market segmentation & scope
AC Drives
DC Drives
Servo Drives
Micro (0-5 kW)
Low (6-40 kW)
Medium (41-200 kW)
High (>200 kW)
Pumps
Electric Fans
Conveyers
HVAC
Extruders
Others
Oil & Gas
Power Generation
Industrial
Infrastructure
Automotive
Food & Beverages
Others

Variable Frequency Drive Market Companies

Name Profile # Employees HQ Website

Mexico 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 65.59% in 2023. Horizon Databook has segmented the Mexico variable frequency drive market based on ac drives, dc drives, servo drives covering the revenue growth of each sub-segment from 2018 to 2030.


  • Mexico Variable Frequency Drive Product Outlook (Revenue, USD Million, 2018-2030)
    • AC Drives
    • DC Drives
    • Servo Drives
  • Mexico 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)
  • Mexico Variable Frequency Drive Application Outlook (Revenue, USD Million, 2018-2030)
    • Pumps
    • Electric Fans
    • Conveyers
    • HVAC
    • Extruders
    • Others
  • Mexico Variable Frequency Drive End Use Outlook (Revenue, USD Million, 2018-2030)
    • Oil & Gas
    • Power Generation
    • Industrial
    • Infrastructure
    • Automotive
    • Food & Beverages
    • Others

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Target buyers of Mexico 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.).
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Horizon Databook provides a detailed overview of country-level data and insights on the Mexico variable frequency drive market , including forecasts for subscribers. This country databook contains high-level insights into Mexico variable frequency drive market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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Mexico variable frequency drive market size, by product, 2018-2030 (US$M)

Mexico Variable Frequency Drive Market Outlook Share, 2023 & 2030 (US$M)

Mexico variable frequency drive market size, by product, 2018-2030 (US$M)

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