Variable Speed Drive Market by Type (AC Drive, DC Drive, and Servo Drive), Voltage (Low voltage and Medium Voltage), Application (Compressor, Pump, Fan, and Others), and End User (Mining & Minerals, Waste & Wastewater, Food & Beverage, and Others) - Global Opportunity Analysis and Industry Forecast, 2017-2023 Update Available On-Demand
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A04195
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Pages: 253
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Jan
2018 |
5204 Views
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Author(s) :
Chandani Poddar & Supradip Baul
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Tables: 147
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Charts: 64
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Formats*:
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Request Now !Variable Speed Drive Market Overview:
Variable Speed Drive is a device that regulates the speed and rotational force of electric motor by changing the frequency of the power being fed to the motor. Motors are widely used in industries and offices. In addition, more than 65% of industrial energy is consumed by motors. Motors operate in various machine such as sewage and irrigation pumps, paper machines, power plant fans, and milking machines. Moreover, variable speed drive are essential components in electrical devices such as pump, fan, compressor, conveyor, and others where it plays a key role.
Increase in urbanization and industrialization in emerging countries such as India, China, Brazil, and others drive the demand for variable speed drive market. Further, the growth in need for energy efficiency, rise in trend of industrial automation, and reduction in operating costs of any intensive industry fuel the market growth. However, high cost of deployment is expected restrain the growth of the market.
ABB Ltd., Siemens AG, Rockwell Automation, Inc., Yaskawa Electric Corporation, General Electric, Crompton Greaves, WEG, Schneider, Emerson Electric, and Danfoss are some of the key players operating in the global variable speed drive market.
Segment Overview
The variable speed drive market is segmented based on type, voltage, application, end user, and region. Based on type, the market is categorized into AC drive, DC drive, and servo drive. According to voltage type, the market is bifurcated into low voltage and medium voltage. Based on application, the market is divided into compressor, pumps, fans, and others. Based on end user, the market is segmented into automotive, electronic, oil & gas, power generation, and others. Based on region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
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Factors that are expected to impact the global variable speed drive market during the forecast period are as follows:
- Increase in industrialization in emerging market
- Increase in demand for energy efficiency devices
- High cost of variable speed drives
- Increase in demand for variable speed drives in food & beverage industry
Increase in Industrialization in Emerging Market
Rise in working population and increase in urbanization lead to rise in industrialization in emerging markets such as India, China, Brazil, and others. Further, with the increase in industrialization the demand for variable speed drives is also expected to rise as it regulates the speed and rotational force of the electric motor installed in several machines for instance pump, fan, compressor, conveyor, and others in the organization. In addition, the benefit such as controlled starting current that extends the life of the motor, reduced voltage sag, and controlled acceleration attracts industries toward adoption of variable speed drives.
Increase in Demand for Energy Efficiency Devices
More than one-third of the global electrical energy is supplied by electric motors in fixed-speed centrifugal pump, compressor, fan, and other applications. This creates the demand for devices such as variable speed drives, which increases the energy efficiency, cuts down the operational cost, and results in rise in production efficiency. Variable speed drive reduces energy cost up to 50% through the reduction of speed on applications where the full speed of the electric motor is not required.
Key Benefits
- This study comprises analytical depiction of the global variable speed drive market with current trends and future estimations to portray the imminent investment pockets.
- The overall market potential is determined to understand the profitable trends to gain a stronger foothold.
- The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
- The current market is quantitatively analyzed from 2017 to 2023 to highlight the financial competency of the market.
- Porters Five Forces analysis illustrates the potency of the buyers and suppliers in the industry.
Variable Speed Drive Market Key Segments:
By Type
- AC Drive
- DC Drive
- Servo Drive
By Voltage
- Low Voltage
- Medium Voltage
By Application
- Compressor
- Pump
- Fans
- Others
By End User
- Automotive
- Electronics
- Oil & Gas
- Power Generation
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Russia
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- Australia
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Key Market Players Profiled
- ABB Ltd.
- Siemens AG
- Rockwell Automation, Inc.
- Yaskawa Electric Corporation
- General Electric
- Crompton Greaves
- WEG
- Schneider
- Emerson Electric
- Danfoss
CHAPTER 1: Introduction
1.1. Report description
1.2. Key benefits for stakeholders
1.3. Key market segment
1.4. Research methodology
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools & models
CHAPTER 2: Executive summary
2.1. CXO perspective
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top impacting factors
3.2.2. Top investment pockets
3.2.3. Top winning strategies
3.2.3.1. Top winning strategies, by year 2014-2017
3.2.3.2. Top winning strategies, by development 2014-2017
3.2.3.3. Top winning strategies, by company 2014-2017
3.3. Porter's five forces analysis
3.4. Market share analysis, 2015
3.5. Market dynamics
3.5.1. Drivers
3.5.1.1. Increase in industrialization in emerging market
3.5.1.2. Increase in demand for energy efficiency devices
3.5.2. Restraints
3.5.2.1. High cost of variable speed drives
3.5.3. Opportunities
3.5.3.1. Increase in demand for variable speed drives in food & beverage industry
CHAPTER 4: VARIABLE SPEED DRIVES MARKt BY TYPE
4.1. Overview
4.2. AC Drive
4.2.1. Key market trends and opportunities
4.2.2. Market size and forecast by region
4.2.3. Market analysis by country
4.3. DC Drive
4.3.1. Key market trends and opportunities
4.3.2. Market size and forecast by region
4.3.3. Market analysis by country
4.4. Servo Drive
4.4.1. Key market trends and opportunities
4.4.2. Market size and forecast by region
4.4.3. Market analysis by country
CHAPTER 5: VARIABLE SPEED DRIVES MARKt BY VOLTAGE
5.1. Overview
5.2. Low Voltage
5.2.1. Key market trends and opportunities
5.2.2. Market size and forecast by region
5.2.3. Market analysis by country
5.3. Medium Voltage
5.3.1. Key market trends and opportunities
5.3.2. Market size and forecast by region
5.3.3. Market analysis by country
CHAPTER 6: VARIABLE SPEED DRIVES MARKt BY application
6.1. Overview
6.2. Compressor
6.2.1. Key market trends and opportunities
6.2.2. Market size and forecast by region
6.2.3. Market analysis by country
6.3. Pump
6.3.1. Key market trends and opportunities
6.3.2. Market size and forecast by region
6.3.3. Market analysis by country
6.4. Fan
6.4.1. Key market trends and opportunities
6.4.2. Market size and forecast by region
6.4.3. Market analysis by country
6.5. Others
6.5.1. Key market trends and opportunities
6.5.2. Market size and forecast by region
6.5.3. Market analysis by country
CHAPTER 7: VARIABLE SPEED DRIVES MARKt BY end -user
7.1. Overview
7.2. Mining & Minerals
7.2.1. Key market trends and opportunities
7.2.2. Market size and forecast by region
7.2.3. Market analysis by country
7.3. Waste and Wastewater
7.3.1. Key market trends and opportunities
7.3.2. Market size and forecast by region
7.3.3. Market analysis by country
7.4. Food and Beverage
7.4.1. Key market trends and opportunities
7.4.2. Market size and forecast by region
7.4.3. Market analysis by country
7.5. Others
7.5.1. Key market trends and opportunities
7.5.2. Market size and forecast by region
7.5.3. Market analysis by country
CHAPTER 8: VARIABLE SPEED DRIVES MARKEt, BY REGION
8.1. Overview
8.2. North America
8.2.1. Key market trends and opportunities
8.2.2. Market size and forecast by type
8.2.3. Market size and forecast by voltage
8.2.4. Market size and forecast by application
8.2.5. Market size and forecast by end-user
8.2.6. Market analysis by country
8.2.6.1. U.S.
8.2.6.1.1. Market size and forecast
8.2.6.1.2. Market size and forecast, by type
8.2.6.1.3. Market size and forecast, by voltage
8.2.6.1.4. Market size and forecast, by application
8.2.6.1.5. Market size and forecast, by end-user
8.2.6.2. Canada
8.2.6.2.1. Market size and forecast
8.2.6.2.2. Market size and forecast, by type
8.2.6.2.3. Market size and forecast, by voltage
8.2.6.2.4. Market size and forecast, by application
8.2.6.2.5. Market size and forecast, by end-user
8.2.6.3. Mexico
8.2.6.3.1. Market size and forecast
8.2.6.3.2. Market size and forecast, by type
8.2.6.3.3. Market size and forecast, by voltage
8.2.6.3.4. Market size and forecast, by application
8.2.6.3.5. Market size and forecast, by end-user
8.3. Europe
8.3.1. Key market trends and opportunities
8.3.2. Market size and forecast by type
8.3.3. Market size and forecast by voltage
8.3.4. Market size and forecast by application
8.3.5. Market size and forecast by end-user
8.3.6. Market analysis by country
8.3.6.1. UK
8.3.6.1.1. Market size and forecast
8.3.6.1.2. Market size and forecast, by type
8.3.6.1.3. Market size and forecast, by voltage
8.3.6.1.4. Market size and forecast, by application
8.3.6.1.5. Market size and forecast, by end-user
8.3.6.2. France
8.3.6.2.1. Market size and forecast
8.3.6.2.2. Market size and forecast, by type
8.3.6.2.3. Market size and forecast, by voltage
8.3.6.2.4. Market size and forecast, by application
8.3.6.2.5. Market size and forecast, by end-user
8.3.6.3. Germany
8.3.6.3.1. Market size and forecast
8.3.6.3.2. Market size and forecast, by type
8.3.6.3.3. Market size and forecast, by voltage
8.3.6.3.4. Market size and forecast, by application
8.3.6.3.5. Market size and forecast, by end-user
8.3.6.4. Russia
8.3.6.4.1. Market size and forecast
8.3.6.4.2. Market size and forecast, by type
8.3.6.4.3. Market size and forecast, by voltage
8.3.6.4.4. Market size and forecast, by application
8.3.6.4.5. Market size and forecast, by end-user
8.3.6.5. Rest of Europe
8.3.6.5.1. Market size and forecast
8.3.6.5.2. Market size and forecast, by type
8.3.6.5.3. Market size and forecast, by voltage
8.3.6.5.4. Market size and forecast, by application
8.3.6.5.5. Market size and forecast, by end-user
8.4. Asia-Pacific
8.4.1. Key market trends and opportunities
8.4.2. Market size and forecast by type
8.4.3. Market size and forecast by voltage
8.4.4. Market size and forecast by application
8.4.5. Market size and forecast by end-user
8.4.6. Market analysis by country
8.4.6.1. China
8.4.6.1.1. Market size and forecast
8.4.6.1.2. Market size and forecast, by type
8.4.6.1.3. Market size and forecast, by voltage
8.4.6.1.4. Market size and forecast, by application
8.4.6.1.5. Market size and forecast, by end-user
8.4.6.2. Australia
8.4.6.2.1. Market size and forecast
8.4.6.2.2. Market size and forecast, by type
8.4.6.2.3. Market size and forecast, by voltage
8.4.6.2.4. Market size and forecast, by application
8.4.6.2.5. Market size and forecast, by end-user
8.4.6.3. India
8.4.6.3.1. Market size and forecast
8.4.6.3.2. Market size and forecast, by type
8.4.6.3.3. Market size and forecast, by voltage
8.4.6.3.4. Market size and forecast, by application
8.4.6.3.5. Market size and forecast, by end-user
8.4.6.4. Japan
8.4.6.4.1. Market size and forecast
8.4.6.4.2. Market size and forecast, by type
8.4.6.4.3. Market size and forecast, by voltage
8.4.6.4.4. Market size and forecast, by application
8.4.6.4.5. Market size and forecast, by end-user
8.4.6.5. Rest of Asia-Pacific
8.4.6.5.1. Market size and forecast
8.4.6.5.2. Market size and forecast, by type
8.4.6.5.3. Market size and forecast, by voltage
8.4.6.5.4. Market size and forecast, by application
8.4.6.5.5. Market size and forecast, by end-user
8.5. LAMEA
8.5.1. Key market trends and opportunities
8.5.2. Market size and forecast by type
8.5.3. Market size and forecast by voltage
8.5.4. Market size and forecast by application
8.5.5. Market size and forecast by end-user
8.5.6. Market analysis by Region
8.5.6.1. Latin America
8.5.6.1.1. Market size and forecast
8.5.6.1.2. Market size and forecast, by type
8.5.6.1.3. Market size and forecast, by voltage
8.5.6.1.4. Market size and forecast, by application
8.5.6.1.5. Market size and forecast, by end-user
8.5.6.2. Middle East
8.5.6.2.1. Market size and forecast
8.5.6.2.2. Market size and forecast, by type
8.5.6.2.3. Market size and forecast, by voltage
8.5.6.2.4. Market size and forecast, by application
8.5.6.2.5. Market size and forecast, by end-user
8.5.6.3. Africa
8.5.6.3.1. Market size and forecast
8.5.6.3.2. Market size and forecast, by type
8.5.6.3.3. Market size and forecast, by voltage
8.5.6.3.4. Market size and forecast, by application
8.5.6.3.5. Market size and forecast, by end-user
CHAPTER 9: Company profiles
9.1. ABB Ltd.
9.1.1. Company overview
9.1.2. Company snapshot
9.1.3. Operating business segments
9.1.4. Product portfolio
9.1.5. Business performance
9.1.6. Key strategic moves and developments
9.2. Siemens AG
9.2.1. Company overview
9.2.2. Company snapshot
9.2.3. Operating business segments
9.2.4. Product portfolio
9.2.5. Business performance
9.3. Rockwell Automation, Inc.
9.3.1. Company overview
9.3.2. Company snapshot
9.3.3. Operating business segments
9.3.4. Product portfolio
9.3.5. Business performance
9.3.6. Key strategic moves and developments
9.4. Yaskawa Electric Corporation
9.4.1. Company overview
9.4.2. Company snapshot
9.4.3. Operating business segments
9.4.4. Product portfolio
9.4.5. Business performance
9.4.6. Key strategic moves and developments
9.5. General Electric,
9.5.1. Company overview
9.5.2. Company snapshot
9.5.3. Operating business segments
9.5.4. Product portfolio
9.5.5. Business performance
9.6. Crompton Greaves
9.6.1. Company overview
9.6.2. Company snapshot
9.6.3. Operating business segments
9.6.4. Product portfolio
9.6.5. Business performance
9.6.6. Key strategic moves and developments
9.7. WEG
9.7.1. Company overview
9.7.2. Company snapshot
9.7.3. Operating business segments
9.7.4. Product portfolio
9.7.5. Business performance
9.7.6. Key strategic moves and developments
9.8. Schneider
9.8.1. Company overview
9.8.2. Company snapshot
9.8.3. Product portfolio
9.8.4. Business performance
9.8.5. Key strategic moves and developments
9.9. Emerson Electric
9.9.1. Company overview
9.9.2. Company snapshot
9.9.3. Operating business segments
9.9.4. Product portfolio
9.9.5. Business performance
9.9.6. Key strategic moves and developments
9.10. Danfoss
9.10.1. Company overview
9.10.2. Company snapshot
9.10.3. Operating business segments
9.10.4. Product portfolio
9.10.5. Business performance
9.10.6. Key strategic moves and developments
LIST OF TABLES
TABLE 01. GLOBAL VARIABLE SPEED DRIVES MARKET REVENUE, BY TYPE, 2017-2023 ($MILLION)
TABLE 02. GLOBAL VARIABLE SPEED DRIVES MARKET REVENUE FOR AC DRIVE, BY REGION, 2017-2023 ($MILLION)
TABLE 03. GLOBAL VARIABLE SPEED DRIVES MARKET REVENUE FOR DC DRIVE, BY REGION, 2017-2023 ($MILLION)
TABLE 04. GLOBAL VARIABLE SPEED DRIVES MARKET REVENUE FOR SERVO DRIVE, BY REGION, 2017-2023 ($MILLION)
TABLE 05. GLOBAL VARIABLE SPEED DRIVES MARKET REVENUE, BY VOLTAGE, 2017-2023 ($MILLION)
TABLE 06. GLOBAL VARIABLE SPEED DRIVES MARKET REVENUE FOR LOW VOLTAGE, BY REGION, 2017-2023 ($MILLION)
TABLE 07. GLOBAL VARIABLE SPEED DRIVES MARKET REVENUE FOR MEDIUM VOLTAGE, BY REGION, 2017-2023 ($MILLION)
TABLE 08. GLOBAL VARIABLE SPEED DRIVES MARKET REVENUE, BY APPLICATION, 2017-2023 ($MILLION)
TABLE 09. GLOBAL VARIABLE SPEED DRIVES MARKET REVENUE FOR COMPRESSOR, BY REGION, 2017-2023 ($MILLION)
TABLE 10. GLOBAL VARIABLE SPEED DRIVES MARKET REVENUE FOR PUMP, BY REGION, 2017-2023 ($MILLION)
TABLE 11. GLOBAL VARIABLE SPEED DRIVES MARKET REVENUE FOR FAN, BY REGION, 2017-2023 ($MILLION)
TABLE 12. GLOBAL VARIABLE SPEED DRIVES MARKET REVENUE FOR OTHERS, BY REGION, 2017-2023 ($MILLION)
TABLE 13. GLOBAL VARIABLE SPEED DRIVES MARKET REVENUE, BY APPLICATION, 2017-2023 ($MILLION)
TABLE 14. GLOBAL VARIABLE SPEED DRIVES MARKET REVENUE FOR MINING & MINERALS, BY REGION, 2017-2023 ($MILLION)
TABLE 15. GLOBAL VARIABLE SPEED DRIVES MARKET REVENUE FOR WASTE AND WASTEWATER, BY REGION, 2017-2023 ($MILLION)
TABLE 16. GLOBAL VARIABLE SPEED DRIVES MARKET REVENUE FOR FOOD AND BEVERAGE, BY REGION, 2017-2023 ($MILLION)
TABLE 17. GLOBAL VARIABLE SPEED DRIVES MARKET REVENUE FOR OTHERS, BY REGION, 2017-2023 ($MILLION)
TABLE 18. GLOBAL VARIABLE SPEED DRIVES MARKET REVENUE, BY REGION, 2017-2023 ($MILLION)
TABLE 19. NORTH AMERICA VARIABLE SPEED DRIVES MARKET REVENUE FOR TYPE, 2017-2023 ($MILLION)
TABLE 20. NORTH AMERICA VARIABLE SPEED DRIVES MARKET REVENUE FOR VOLTAGE, 2017-2023 ($MILLION)
TABLE 21. NORTH AMERICA VARIABLE SPEED DRIVES MARKET REVENUE FOR APPLICATION, 2017-2023 ($MILLION)
TABLE 22. NORTH AMERICA VARIABLE SPEED DRIVES MARKET REVENUE FOR APPLICATION, 2017-2023 ($MILLION)
TABLE 23. NORTH AMERICA VARIABLE SPEED DRIVES MARKET REVENUE, BY COUNTRY 2017-2023 ($MILLION)
TABLE 24. U.S. VARIABLE SPEED DRIVES MARKET REVENUE, 2017-2023 ($MILLION)
TABLE 25. U.S. VARIABLE SPEED DRIVES MARKET REVENUE, BY TYPE, 2017-2023 ($MILLION)
TABLE 26. U.S. VARIABLE SPEED DRIVES MARKET REVENUE, BY VOLTAGE, 2017-2023 ($MILLION)
TABLE 27. U.S. VARIABLE SPEED DRIVES MARKET REVENUE FOR APPLICATION, 2017-2023 ($MILLION)
TABLE 28. U.S. VARIABLE SPEED DRIVES MARKET REVENUE, BY APPLICATION, 2017-2023 ($MILLION)
TABLE 29. CANADA VARIABLE SPEED DRIVES MARKET REVENUE, 2017-2023 ($MILLION)
TABLE 30. CANADA VARIABLE SPEED DRIVES MARKET REVENUE, BY TYPE, 2017-2023 ($MILLION)
TABLE 31. CANADA VARIABLE SPEED DRIVES MARKET REVENUE, BY VOLTAGE, 2017-2023 ($MILLION)
TABLE 32. CANADA VARIABLE SPEED DRIVES MARKET REVENUE FOR APPLICATION, 2017-2023 ($MILLION)
TABLE 33. CANADA VARIABLE SPEED DRIVES MARKET REVENUE, BY END-USER, 2017-2023 ($MILLION)
TABLE 34. MEXICO VARIABLE SPEED DRIVES MARKET REVENUE, 2017-2023 ($MILLION)
TABLE 35. MEXICO VARIABLE SPEED DRIVES MARKET REVENUE, BY TYPE, 2017-2023 ($MILLION)
TABLE 36. MEXICO VARIABLE SPEED DRIVES MARKET REVENUE, BY VOLTAGE, 2017-2023 ($MILLION)
TABLE 37. MEXICO VARIABLE SPEED DRIVES MARKET REVENUE FOR APPLICATION, 2017-2023 ($MILLION)
TABLE 38. MEXICO VARIABLE SPEED DRIVES MARKET REVENUE, BY APPLICATION, 2017-2023 ($MILLION)
TABLE 39. EUROPE VARIABLE SPEED DRIVES MARKET REVENUE FOR TYPE, 2017-2023 ($MILLION)
TABLE 40. EUROPE VARIABLE SPEED DRIVES MARKET REVENUE FOR VOLTAGE, 2017-2023 ($MILLION)
TABLE 41. EUROPE VARIABLE SPEED DRIVES MARKET REVENUE FOR APPLICATION, 2017-2023 ($MILLION)
TABLE 42. EUROPE VARIABLE SPEED DRIVES MARKET REVENUE FOR APPLICATION, 2017-2023 ($MILLION)
TABLE 43. EUROPE VARIABLE SPEED DRIVES MARKET REVENUE, BY COUNTRY 2017-2023 ($MILLION)
TABLE 44. UK VARIABLE SPEED DRIVES MARKET REVENUE, 2017-2023 ($MILLION)
TABLE 45. UK VARIABLE SPEED DRIVES MARKET REVENUE, BY TYPE, 2017-2023 ($MILLION)
TABLE 46. UK VARIABLE SPEED DRIVES MARKET REVENUE, BY VOLTAGE, 2017-2023 ($MILLION)
TABLE 47. UK VARIABLE SPEED DRIVES MARKET REVENUE FOR APPLICATION, 2017-2023 ($MILLION)
TABLE 48. UK VARIABLE SPEED DRIVES MARKET REVENUE, BY APPLICATION, 2017-2023 ($MILLION)
TABLE 49. FRANCE VARIABLE SPEED DRIVES MARKET REVENUE, 2017-2023 ($MILLION)
TABLE 50. FRANCE VARIABLE SPEED DRIVES MARKET REVENUE, BY TYPE, 2017-2023 ($MILLION)
TABLE 51. FRANCE VARIABLE SPEED DRIVES MARKET REVENUE, BY VOLTAGE, 2017-2023 ($MILLION)
TABLE 52. FRANCE VARIABLE SPEED DRIVES MARKET REVENUE FOR APPLICATION, 2017-2023 ($MILLION)
TABLE 53. FRANCE VARIABLE SPEED DRIVES MARKET REVENUE, BY END-USER, 2017-2023 ($MILLION)
TABLE 54. GERMANY VARIABLE SPEED DRIVES MARKET REVENUE, 2017-2023 ($MILLION)
TABLE 55. GERMANY VARIABLE SPEED DRIVES MARKET REVENUE, BY TYPE, 2017-2023 ($MILLION)
TABLE 56. GERMANY VARIABLE SPEED DRIVES MARKET REVENUE, BY VOLTAGE, 2017-2023 ($MILLION)
TABLE 57. GERMANY VARIABLE SPEED DRIVES MARKET REVENUE FOR APPLICATION, 2017-2023 ($MILLION)
TABLE 58. GERMANY VARIABLE SPEED DRIVES MARKET REVENUE, BY APPLICATION, 2017-2023 ($MILLION)
TABLE 59. RUSSIA VARIABLE SPEED DRIVES MARKET REVENUE, 2017-2023 ($MILLION)
TABLE 60. RUSSIA VARIABLE SPEED DRIVES MARKET REVENUE, BY TYPE, 2017-2023 ($MILLION)
TABLE 61. RUSSIA VARIABLE SPEED DRIVES MARKET REVENUE, BY VOLTAGE, 2017-2023 ($MILLION)
TABLE 62. RUSSIA VARIABLE SPEED DRIVES MARKET REVENUE FOR APPLICATION, 2017-2023 ($MILLION)
TABLE 63. RUSSIA VARIABLE SPEED DRIVES MARKET REVENUE, BY APPLICATION, 2017-2023 ($MILLION)
TABLE 64. REST OF EUROPE VARIABLE SPEED DRIVES MARKET REVENUE, 2017-2023 ($MILLION)
TABLE 65. REST OF EUROPE VARIABLE SPEED DRIVES MARKET REVENUE, BY TYPE, 2017-2023 ($MILLION)
TABLE 66. REST OF EUROPE VARIABLE SPEED DRIVES MARKET REVENUE, BY VOLTAGE, 2017-2023 ($MILLION)
TABLE 67. REST OF EUROPE VARIABLE SPEED DRIVES MARKET REVENUE FOR APPLICATION, 2017-2023 ($MILLION)
TABLE 68. REST OF EUROPE VARIABLE SPEED DRIVES MARKET REVENUE, BY APPLICATION, 2017-2023 ($MILLION)
TABLE 69. ASIA-PACIFIC VARIABLE SPEED DRIVES MARKET REVENUE FOR TYPE, 2017-2023 ($MILLION)
TABLE 70. ASIA-PACIFIC VARIABLE SPEED DRIVES MARKET REVENUE FOR VOLTAGE, 2017-2023 ($MILLION)
TABLE 71. ASIA-PACIFIC VARIABLE SPEED DRIVES MARKET REVENUE FOR APPLICATION, 2017-2023 ($MILLION)
TABLE 72. ASIA-PACIFIC VARIABLE SPEED DRIVES MARKET REVENUE FOR APPLICATION, 2017-2023 ($MILLION)
TABLE 73. ASIA-PACIFIC VARIABLE SPEED DRIVES MARKET REVENUE, BY COUNTRY 2017-2023 ($MILLION)
TABLE 74. CHINA VARIABLE SPEED DRIVES MARKET REVENUE, 2017-2023 ($MILLION)
TABLE 75. CHINA VARIABLE SPEED DRIVES MARKET REVENUE, BY TYPE, 2017-2023 ($MILLION)
TABLE 76. CHINA VARIABLE SPEED DRIVES MARKET REVENUE, BY VOLTAGE, 2017-2023 ($MILLION)
TABLE 77. CHINA VARIABLE SPEED DRIVES MARKET REVENUE FOR APPLICATION, 2017-2023 ($MILLION)
TABLE 78. CHINA VARIABLE SPEED DRIVES MARKET REVENUE, BY APPLICATION, 2017-2023 ($MILLION)
TABLE 79. AUSTRALIA VARIABLE SPEED DRIVES MARKET REVENUE, 2017-2023 ($MILLION)
TABLE 80. AUSTRALIA VARIABLE SPEED DRIVES MARKET REVENUE, BY TYPE, 2017-2023 ($MILLION)
TABLE 81. AUSTRALIA VARIABLE SPEED DRIVES MARKET REVENUE, BY VOLTAGE, 2017-2023 ($MILLION)
TABLE 82. AUSTRALIA VARIABLE SPEED DRIVES MARKET REVENUE FOR APPLICATION, 2017-2023 ($MILLION)
TABLE 83. AUSTRALIA VARIABLE SPEED DRIVES MARKET REVENUE, BY END-USER, 2017-2023 ($MILLION)
TABLE 84. INDIA VARIABLE SPEED DRIVES MARKET REVENUE, 2017-2023 ($MILLION)
TABLE 85. INDIA VARIABLE SPEED DRIVES MARKET REVENUE, BY TYPE, 2017-2023 ($MILLION)
TABLE 86. INDIA VARIABLE SPEED DRIVES MARKET REVENUE, BY VOLTAGE, 2017-2023 ($MILLION)
TABLE 87. INDIA VARIABLE SPEED DRIVES MARKET REVENUE FOR APPLICATION, 2017-2023 ($MILLION)
TABLE 88. INDIA VARIABLE SPEED DRIVES MARKET REVENUE, BY APPLICATION, 2017-2023 ($MILLION)
TABLE 89. JAPAN VARIABLE SPEED DRIVES MARKET REVENUE, 2017-2023 ($MILLION)
TABLE 90. JAPAN VARIABLE SPEED DRIVES MARKET REVENUE, BY TYPE, 2017-2023 ($MILLION)
TABLE 91. JAPAN VARIABLE SPEED DRIVES MARKET REVENUE, BY VOLTAGE, 2017-2023 ($MILLION)
TABLE 92. JAPAN VARIABLE SPEED DRIVES MARKET REVENUE FOR APPLICATION, 2017-2023 ($MILLION)
TABLE 93. JAPAN VARIABLE SPEED DRIVES MARKET REVENUE, BY APPLICATION, 2017-2023 ($MILLION)
TABLE 94. REST OF ASIA-PACIFIC VARIABLE SPEED DRIVES MARKET REVENUE, 2017-2023 ($MILLION)
TABLE 95. REST OF ASIA-PACIFIC VARIABLE SPEED DRIVES MARKET REVENUE, BY TYPE, 2017-2023 ($MILLION)
TABLE 96. REST OF ASIA-PACIFIC VARIABLE SPEED DRIVES MARKET REVENUE, BY VOLTAGE, 2017-2023 ($MILLION)
TABLE 97. REST OF ASIA-PACIFIC VARIABLE SPEED DRIVES MARKET REVENUE FOR APPLICATION, 2017-2023 ($MILLION)
TABLE 98. REST OF ASIA-PACIFIC VARIABLE SPEED DRIVES MARKET REVENUE, BY APPLICATION, 2017-2023 ($MILLION)
TABLE 99. LAMEA VARIABLE SPEED DRIVES MARKET REVENUE FOR TYPE, 2017-2023 ($MILLION)
TABLE 100. LAMEA VARIABLE SPEED DRIVES MARKET REVENUE FOR VOLTAGE, 2017-2023 ($MILLION)
TABLE 101. LAMEA VARIABLE SPEED DRIVES MARKET REVENUE FOR APPLICATION, 2017-2023 ($MILLION)
TABLE 102. LAMEA VARIABLE SPEED DRIVES MARKET REVENUE FOR APPLICATION, 2017-2023 ($MILLION)
TABLE 103. LAMEA VARIABLE SPEED DRIVES MARKET REVENUE, BY REGION 2017-2023 ($MILLION)
TABLE 104. LATIN AMERICA VARIABLE SPEED DRIVES MARKET REVENUE, 2017-2023 ($MILLION)
TABLE 105. LATIN AMERICA VARIABLE SPEED DRIVES MARKET REVENUE, BY TYPE, 2017-2023 ($MILLION)
TABLE 106. LATIN AMERICA VARIABLE SPEED DRIVES MARKET REVENUE, BY VOLTAGE, 2017-2023 ($MILLION)
TABLE 107. LATIN AMERICA VARIABLE SPEED DRIVES MARKET REVENUE FOR APPLICATION, 2017-2023 ($MILLION)
TABLE 108. LATIN AMERICA VARIABLE SPEED DRIVES MARKET REVENUE, BY APPLICATION, 2017-2023 ($MILLION)
TABLE 109. MIDDLE EAST VARIABLE SPEED DRIVES MARKET REVENUE, 2017-2023 ($MILLION)
TABLE 110. MIDDLE EAST VARIABLE SPEED DRIVES MARKET REVENUE, BY TYPE, 2017-2023 ($MILLION)
TABLE 111. MIDDLE EAST VARIABLE SPEED DRIVES MARKET REVENUE, BY VOLTAGE, 2017-2023 ($MILLION)
TABLE 112. MIDDLE EAST VARIABLE SPEED DRIVES MARKET REVENUE FOR APPLICATION, 2017-2023 ($MILLION)
TABLE 113. MIDDLE EAST VARIABLE SPEED DRIVES MARKET REVENUE, BY END-USER, 2017-2023 ($MILLION)
TABLE 114. AFRICA VARIABLE SPEED DRIVES MARKET REVENUE, 2017-2023 ($MILLION)
TABLE 115. AFRICA VARIABLE SPEED DRIVES MARKET REVENUE, BY TYPE, 2017-2023 ($MILLION)
TABLE 116. AFRICA VARIABLE SPEED DRIVES MARKET REVENUE, BY VOLTAGE, 2017-2023 ($MILLION)
TABLE 117. AFRICA VARIABLE SPEED DRIVES MARKET REVENUE FOR APPLICATION, 2017-2023 ($MILLION)
TABLE 118. AFRICA VARIABLE SPEED DRIVES MARKET REVENUE, BY APPLICATION, 2017-2023 ($MILLION)
TABLE 119. ABB LTD .: COMPANY SNAPSHOT
TABLE 120. ABB LTD: PRODUCT CATEGORIES.
TABLE 121. ABB LTD : PRODUCT PORTFOLIO
TABLE 122. SIEMENS AG. : COMPANY SNAPSHOT
TABLE 123. SIEMENS AG. : OPERATING SEGMENTS
TABLE 124. SIEMENS AG.: PRODUCT PORTFOLIO
TABLE 125. ROCKWELL AUTOMATION, INC., : COMPANY SNAPSHOT
TABLE 126. ROCKWELL AUTOMATION, INC.,: OPERATING SEGMENTS
TABLE 127. ROCKWELL AUTOMATION, INC.,: PRODUCT PORTFOLIO
TABLE 128. YASKAWA ELECTRIC CORPORATION : COMPANY SNAPSHOT
TABLE 129. YASKAWA ELECTRIC CORPORATION : PRODUCT CATEGORIES.
TABLE 130. YASKAWA ELECTRIC CORPORATION : PRODUCT PORTFOLIO
TABLE 131. GENERAL ELECTRIC : COMPANY SNAPSHOT
TABLE 132. GENERAL ELECTRIC: OPERATING SEGMENTS
TABLE 133. GENERAL ELECTRIC: PRODUCT PORTFOLIO
TABLE 134. CROMPTON GREAVES: COMPANY SNAPSHOT
TABLE 135. CROMPTON GREAVES: OPERATING SEGMENTS
TABLE 136. CROMPTON GREAVES: PRODUCT PORTFOLIO
TABLE 137. WEG: COMPANY SNAPSHOT
TABLE 138. WEG : OPERATING SEGMENTS
TABLE 139. WEG: PRODUCT PORTFOLIO
TABLE 140. SCHNEIDER: COMPANY SNAPSHOT
TABLE 141. SCHNEIDER: PRODUCT PORTFOLIO
TABLE 142. EMERSON ELECTRIC: COMPANY SNAPSHOT
TABLE 143. EMERSON ELECTRIC: OPERATING SEGMENTS
TABLE 144. EMERSON ELECTRIC: PRODUCT PORTFOLIO
TABLE 145. DANFOSS: COMPANY SNAPSHOT
TABLE 146. DANFOSS: OPERATING SEGMENTS
TABLE 147. DANFOSS: PRODUCT PORTFOLIO
LIST OF FIGURES
FIGURE 01. GLOBAL VARIABLE SPEED DRIVES MARKET, 2016-2023
FIGURE 02. GLOBAL VARIABLE SPEED DRIVES MARKET, BY REGION, 2016-2023
FIGURE 03. TOP INVESTMENT POCKETS: VARIABLE SPEED DRIVES MARKET
FIGURE 04. TOP WINNING STRATEGIES, BY YEAR 2014-2017*
FIGURE 05. TOP WINNING STRATEGIES, BY DEVELOPMENT 2014-2017 (%)
FIGURE 06. TOP WINNING STRATEGIES, BY COMPANY 2014-2017 (%)
FIGURE 07. MODERATE BARGAINING POWER OF BUYERS
FIGURE 08. MODERATE BARGAINING POWER OF SUPPLIERS
FIGURE 09. HIGH-TO-MODERATE OF NEW ENTRANTS
FIGURE 10. MODERATE OF SUBSTITUTES
FIGURE 11. MODERATE COMPETITIVE RIVALARY
FIGURE 12. MARKET SHARE ANALYSIS: VARIABLE SPEED DRIVES MARKET, 2015
FIGURE 13. GLOBAL VARIOABLE SPEED DRIVES MARKET, BY TYPE, 2016-2023
FIGURE 14. COMPARATIVE ANALYSIS OF AC DRIVE MARKET BY COUNTRY, 2016 & 2023 (%)
FIGURE 15. COMPARATIVE ANALYSIS OF DC DRIVE MARKET BY COUNTRY, 2016 & 2023 (%)
FIGURE 16. COMPARATIVE ANALYSIS OF SERVO DRIVE MARKET BY COUNTRY, 2016 & 2023 (%)
FIGURE 17. GLOBAL VARIOABLE SPEED DRIVES MARKET, BY VOLTAGE, 2016-2023
FIGURE 18. COMPARATIVE ANALYSIS OF LOW VOLTAGE MARKET BY COUNTRY, 2016 & 2023 (%)
FIGURE 19. COMPARATIVE ANALYSIS OF MEDIUM VOLTAGE MARKET BY COUNTRY, 2016 & 2023 (%)
FIGURE 20. GLOBAL VARIOABLE SPEED DRIVES MARKET, BY APPLICATION, 2016-2023
FIGURE 21. COMPARATIVE ANALYSIS OF COMPRESSOR MARKET BY COUNTRY, 2016 & 2023 (%)
FIGURE 22. COMPARATIVE ANALYSIS OF PUMP MARKET BY COUNTRY, 2016 & 2023 (%)
FIGURE 23. COMPARATIVE ANALYSIS OF FAN MARKET BY COUNTRY, 2016 & 2023 (%)
FIGURE 24. COMPARATIVE ANALYSIS OF OTHERS MARKET BY COUNTRY, 2016 & 2023 (%)
FIGURE 25. GLOBAL VARIOABLE SPEED DRIVES MARKET, BY END-USER, 2016-2023
FIGURE 26. COMPARATIVE ANALYSIS OF MINING & MINERALS MARKET BY COUNTRY, 2016 & 2023 (%)
FIGURE 27. COMPARATIVE ANALYSIS OF WASTE & WASTEWATER MARKET BY COUNTRY, 2016 & 2023 (%)
FIGURE 28. COMPARATIVE ANALYSIS OF FOOD & BEVERAGE MARKET BY COUNTRY, 2016 & 2023 (%)
FIGURE 29. COMPARATIVE ANALYSIS OF OTHERS MARKET BY COUNTRY, 2016 & 2023 (%)
FIGURE 30. GLOBAL VARIOABLE SPEED DRIVES MARKET, BY REGION, 2016-2023
FIGURE 31. GLOBAL VARIOABLE SPEED DRIVES MARKET, BY COUNTRY, 2016-2023
FIGURE 32. EUROPE VARIOABLE SPEED DRIVES MARKET, BY COUNTRY, 2016-2023
FIGURE 33. ASIA-PACIFIC VARIABLE SPEED DRIVES MARKET, BY COUNTRY, 2016-2023
FIGURE 34. LAMEA VARIABLE SPEED DRIVES MARKET, BY COUNTRY, 2016-2023
FIGURE 35. SIEMENS AG.: REVENUE, 2014-2016 ($MILLION)
FIGURE 36. SIEMENS AG. : REVENUE SHARE BY SEGMENT, 2016 (%)
FIGURE 37. SIEMENS AG. REVENUE SHARE BY GEOGRAPHY, 2016 (%)
FIGURE 38. SIEMENS AG.: REVENUE, 2014-2016 ($MILLION)
FIGURE 39. SIEMENS AG. : REVENUE SHARE BY SEGMENT, 2016 (%)
FIGURE 40. SIEMENS AG. REVENUE SHARE BY GEOGRAPHY, 2016 (%)
FIGURE 41. ROCKWELL AUTOMATION, INC., REVENUE, 2014-2016 ($MILLION)
FIGURE 42. ROCKWELL AUTOMATION, INC., REVENUE SHARE BY SEGMENT, 2016 (%)
FIGURE 43. ROCKWELL AUTOMATION, INC., REVENUE SHARE BY GEOGRAPHY, 2016 (%)
FIGURE 44. YASKAWA ELECTRIC CORPORATION :NET SALES, 2014-2016 ($MILLION)
FIGURE 45. YASKAWA ELECTRIC CORPORATION : REVENUE SHARE BY SEGMENT, 2016 (%)
FIGURE 46. YASKAWA ELECTRIC CORPORATION : REVENUE SHARE BY GEOGRAPHY, 2016 (%)
FIGURE 47. GENERAL ELECTRIC: REVENUE, 2015-2017($MILLION)
FIGURE 48. GENERAL ELECTRIC: REVENUE SHARE BY SEGMENT, 2017 (%)
FIGURE 49. GENERAL ELECTRIC: REVENUE SHARE BY GEOGRAPHY, 2017 (%)
FIGURE 50. CROMPTON GREAVES: NET SALES, 2015-2017 ($MILLION)
FIGURE 51. CROMPTON GREAVES: REVENUE SHARE BY SEGMENT, 2017 (%)
FIGURE 52. CROMPTON GREAVES: REVENUE SHARE BY GEOGRAPHY, 2017 (%)
FIGURE 53. WEG: NET SALES, 2014-2016 ($MILLION)
FIGURE 54. WEG: REVENUE SHARE BY SEGMENT, 2016 (%)
FIGURE 55. WEG: REVENUE SHARE BY GEOGRAPHY, 2016 (%)
FIGURE 56. SCHNEIDER: NET SALES, 2014-2016 ($MILLION)
FIGURE 57. SCHNEIDER : REVENUE SHARE BY SEGMENT, 2016 (%)
FIGURE 58. SCHNEIDER: REVENUE SHARE BY GEOGRAPHY, 2016 (%)
FIGURE 59. EMERSON ELECTRIC: NET SALES, 2015-2017 ($MILLION)
FIGURE 60. EMERSON ELECTRIC: REVENUE SHARE BY SEGMENT, 2017 (%)
FIGURE 61. EMERSON ELECTRIC: REVENUE SHARE BY GEOGRAPHY, 2017 (%)
FIGURE 62. DANFOSS: NET SALES, 2014-2016 ($MILLION)
FIGURE 63. DANFOSS: REVENUE SHARE BY SEGMENT, 2016 (%)
FIGURE 64. DANFOSS: REVENUE SHARE BY GEOGRAPHY, 2016 (%)
Variable speed drive is a device that regulates the speed and rotational force of electric motor by changing the frequency of the power being fed to the motor. Motors are widely used in industries and offices. In addition, more than 65% of industrial energy is consumed by motors. Motors operate in various machine such as sewage and irrigation pumps, paper machines, power plant fans, and milking machines. Moreover, variable speed drive are essential components in electrical devices such as pump, fan, compressor, conveyor, and others where it plays a key role. Based on voltage, it is classified into low and medium voltage.
By voltage type, low voltage segment was dominant in 2016, and is anticipated to continue its dominance during the forecasted period in terms of revenue. By application, the fan segment witnessed highest growth rate during the forecast period, followed by compressor.
ABB Ltd., Siemens AG, Rockwell Automation, Inc., Yaskawa Electric Corporation, General Electric, Crompton Greaves, WEG, Schneider, Emerson Electric, and Danfoss are key market players that occupy a garner revenue share in the variable speed drive market.
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