Variable Frequency Drive (VFD) Market
Market Insights on Variable Frequency Drive (VFD) covering sales outlook, demand forecast & up-to-date key trends
Variable Frequency Drive (VFD) Market by Drive Type (AC Drive, DC Drive), Voltage Range (Low Voltage, High Voltage), Application Type (Standard, Regenerative), End-use Application, End-use Industry & Region - Forecast to 2021-2031
About the Report
In recent years, the variable frequency drives market (VFD market) has received significant stimulus, growing on the back of heightened opportunities regarding infrastructure development across emerging regions, spurring demand for heating and ventilation systems. VFD development is presently transitioning towards offering industry specific solutions with the objective of minimizing costs and reducing operational downtime, prompting a slew of innovations on part of manufacturers.
In its new study, ESOMAR-certified market research and consulting firm Future Market Insights (FMI) offers insights about key factors driving demand for variable frequency drives. The report tracks the global sales of variable frequency drives in 20+ high-growth markets, along with analyzing the impact COVID-19 has had on the electronics industry in general, and variable frequency drives in particular.
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How will Historical VFD Sales Influence Future Demand?
Cost optimization, reducing total cost of ownership, and energy conservation has always a cornerstone of industry participants. When operating with heavy loads, these parameters need to be considered. Attributed to this, the global VFD market registered volume sales exceeding 32 million units in 2020.
Variable frequency drives have been consistently improving system reliability and performance for the past 40 years. They will continue to impact industrial growth during the assessment period.
Manufacturers are likely to experience widening profit margins across the South Asia & Pacific region, with China emerging at the forefront in the wake of exploding construction and automotive sectors. Besides, Germany and the United States are also expected to yield immense opportunities. Based on these aforementioned trends, the VFD market is poised to grow at a value CAGR exceeding 5% through 2031.
How Capital Projects are Providing Stimulus to Variable Frequency Drive Manufacturers?
Frequent capital investments are primary factors in uplifting economic growth as they aid in urbanization. According to Oxford Economics’ Global Infrastructure Outlook, infrastructure investment is likely to reach US$ 94 trillion by 2040, involving per capita annual expenditure worth US$ 3.7 trillion. Out of the total global investment requirements, Asia accounts for 54% of all needs. Hence, manufacturers are expected to increase inroads across the region.
Such burgeoning capital infrastructure projects have heightened energy costs, as power and electricity consumption witness a sharp increase. This has led to the development of equipment designed to reduce such heavy energy consumption, paving the way for enhanced VFD sales across the landscape. Extensive applications are witnessed across the HVAC sector.
In addition, variable frequency drives are also finding applications across oil & gas and mining and irrigation sectors as well. Production, distribution and applications in the former rely heavily on motor-driven pumps and pumping systems, whose speeds VFDs help regulate. Likewise, these also assist in providing high speed and control across excavators and conveyors in the latter.
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Talk to AnalystIndustry 4.0 to Usher in Significant Disruptions
Variable frequency drives are being increasingly integrated in Industry 4.0, specifically across critical environments across industrial internet of things (IIot). As factories increasingly embrace automation, variable speed drives equipped with embedded logic as onboard programmable logic controllers are becoming increasingly mainstream.
IIoT benefits accrued from the application of VFDs include enhanced remote access. Technicians can monitor project and equipment conditions from anywhere, with workers receiving alerts more quickly, enabling them to correct anomalies in a timely manner. It also enables predictive maintenance and real-time monitoring.
Owing to these developments, prominent manufacturers are increasing research and development to dole out smart VFDs. An example is of Applied Machine & Motion Control (AMMC) which markets the Yaskawa Microdrive collections J1000 and V1000 respectively. Such developments are expected to pivot the VFD market growth forward.
Manufacturing Revival Key to Variable Frequency Drives Demand
As the world emerges from the COVID-19 pandemic crisis, countries are highly optimistic about a possible resurgence of manufacturing industries. In spite of the looming threat of a perceived second infection wave, industrial growth prospects are likely to remain unhindered, with reliance on industry 4.0 becoming extensive since the previous year.
Opportunities are likely to appear exceptionally strong across the Asian continent, with regions such as ASEAN, Japan and India expected to bounce back much faster compared to other regions. Data from the International Monetary Fund reveals that growth has expanded since Q4 2020, thus paving way for enhanced VFD market vendors’ penetration.
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Installation Complexities Key Deterrent to Variable Frequency Drive Sales
While variable frequency devices yield substantial returns on investments, payback period varies based on motor-type and applications. For instance, in heavy duty applications, regular VFD maintenance is imperative which requires separate troubleshooting programs, leading to significantly elevated costs. Hence, end-users tend to opt for inexpensive alternatives, restraining growth prospects.
Furthermore, although the International Energy Conservation Code of 2015 has affirmed and documented motor efficiency requirements, specific provisions concerning variable frequency drives have not been elaborated upon. This has left a grey area in terms of the most suitable VFD design.
Moreover, installation of a VFD system calls for additional installations such as EMI filters, RF filters and line or load reactors. Also, size considerations of a VFD demands a larger area than the motor starter it is expected to replace, compelling manufacturing units to expend on larger electrical enclosures.
Country-wise Insights
What Big is the US Variable Frequency Drives Market?
The United States is poised to remain highly lucrative, capturing over three-quarters of the global market share throughout 2021. Presence of key OEMs is an important growth catalyst for the region’s market. Besides, high potential for electronics manufacturing such as wafers, chips and power modules is widening growth prospects.
Additionally, the market is also driven by extensive applications across the oil & gas segment. ABB is a prominent player in this regard. ABB medium voltage drives have been designed to ensure longevity in the harshest environments across the chemical, oil and gas applications. Its portfolio includes the ACS 1000 (315 kW-5 MW), ACS 2000 (250-1,600 kW) and ACS 5000 (2-32 MW) among others.
As per Future Market Insights’ projections, nearly a quarter of the revenue generated across the United States market is likely to be from the oil & gas segment. As of 2019, it extracted a record high 4.46 billion barrels of crude oil while natural gas production amounted to 34 trillion cubic feet. A volume CAGR of over 6% is projected for the U.S market.
Germany’s EV Category Promises Opportunities to VFD Manufacturers
The German variable frequency drives market is likely to expand at annual rate exceeding 7% through 2021, attributed to heightened HVAC systems applications across the automotive segment. Globally, Germany is a leading automotive market, generating an output of nearly 6 million vehicles in 2017.
Owing to such high figures, demand for ancillary industries such as automotive spare parts, aftermarket services, HVAC systems and other dependent end-use verticals have multiplied over time. Key HVAC manufacturers in the German landscape include Kelvion Holding GmbH, MB Dustcontrol B.V, Shauenburg Rurhkunststoff GmbH and Beha-Amprobole to name a few.
More recently, the electric vehicles segment has emerged as a potential revenue pool for VFD manufacturers as these are anticipated to generate high demand for ventilation and air conditioning systems. These systems are increasingly demanding extensive usage of frequency drivers to facilitate smooth vehicle operations.
China’s Declining VFD Export Can be Beset by Rising Domestic Consumption
According to FMI, the Chinese market is likely to emerge as the most promising VFD landscape, yielding over half of the revenue across the Asian market across 2021. Growth is largely underpinned by prolific advancements across the infrastructure development and automotive industries.
According to the China Association of Automobile Manufacturers, car sales spiked by over 6% annual growth rate to nearly 3 million units by 2020-end. Sales of new energy vehicles such as battery-powered electric, plug-in hybrid Electric Vehicles and hydrogen fuel-cell vehicles also surged by a whopping 11% compared to 2019. Hence, VFD manufacturers have been experiencing credible investment opportunities.
Likewise, the infrastructure development segment is anticipated to offer a wide berth for variable frequency drives penetration, owing to the increasing number of urbanization projects being undertaken to accommodate the rapidly exploding population. This is eventually leading to rising investments in the power, electricity and ventilation systems respectively.
Category-wise Insights
What’s the Market Share of AC Variable Frequency Drives?
The AC drives segment will continue accounting for more than half of the global share among products through the forecast period. According to FMI, the segment is expected to hold a little above 60% of the market, in terms of product type, by the end of 2031. This is due to its product characteristics that make them compatible for all types of AC induction motors.
Low Voltage VFDs to Retain Popularity
By voltage range, low-voltage variable frequency drives are expected to retain their lucrativeness, acquiring 10 BPS and generating a revenue share exceeding three-fifths across the forecast period. Demand for efficient and less power consumption is anticipated to drive the segment’s growth.
However, medium voltage VFDs are expected remain preferred, owing to growing power requirements by key end-use industries. It is projected to create an incremental $ opportunity worth US$ 6.7 Bn across 2031, capturing nearly two-fifths of the market share.
How are Regenerative VFDs Proving Beneficial?
VFDs paired with line regenerative units have been extensively used for escalator applications. In addition, they are also used as dynamic braking resistors to mitigate regenerative energy. Based on such end-uses, prospects for regenerative VFDs is burgeoning, registering a year-on-year expansion worth 6% by 2021-end.
At the same time, the popularity of standard VFDs is not expected to diminish, generating an incremental opportunity worth over US$ 11 Bn, expanding at a value CAGR worth approximately 5% throughout the forecast period.
New Frontiers Open-Up in Food Processing for Variable Frequency Drive Manufacturers?
By end-use industry, the food processing sector is emerging as a sunshine area, expected to be valued at US$ 5.4 Bn by 2021-end. The industry is emerging as a primary application area as growing demand for clean label products is prompting food providers to enhance their processing techniques.
Incorporating VFDs into the food processing stages have proven to reduce energy consumption by 20 to 30%. Using them across pumps, conveyors, compressors, mixers and other equipment not only helps save energy but also attain precision by controlling motor speed.
Competitive Landscape
The variable frequency drives market is highly competitive, dominated by global as well as regional players offering cost-competitive products. While Tier-1 players comprise nearly half of the global market share, over three-fifth of the revenue is yielded by tier-2 players.
Large supplier base and strong B2B networks define the robustness of the market with strong partnerships throughout the value chain. Suppliers of variable frequency drives adopt acquisition and regional expansion strategies to establish a firm foothold. Brand consciousness and aggressive marketing makes it challenging for new entrants in the variable frequency drives market.
Some of the leading companies operating in the market are:
- ABB Ltd
- Siemens AG
- Danfoss A/S
- Rockwell Automation
- GE Energy Power Conversion
- Toshiba International Corporation
- Schneider Electric
- Mitsubishi Electric Corporation
- Honeywell International Inc.
- Emerson Industrial Automation
- Fuji Electric Co. Ltd
- Johnson Controls Inc.,
- Eaton PLC
- Hitachi Ltd
*The list is not exhaustive, and only for representational purposes. Full competitive intelligence with SWOT analysis available in the report.
Scope of the Report
|
Attribute |
Details |
|
Forecast Period |
2021-2031 |
|
Historical Data Available for |
2016-2020 |
|
Market Analysis |
USD Million for value and Units for Volume |
|
Key Regions Covered |
North America, Latin America, Europe, East Asia, South Asia, Oceania Middle East & Africa |
|
Key Countries Covered |
US, Canada, Germany, U.K., France, Italy, Spain, Poland, Russia, China, Japan, South Korea, India, Thailand, Malaysia, Vietnam, Indonesia, Australia, New Zealand, GCC Countries, Turkey, Northern Africa, South Africa |
|
Key Segments Covered |
Drive Type, Voltage Range, Application Type, End-use Application, End-use Industry and Region |
|
Key Companies Profiled |
|
|
Report Coverage |
Market Forecast, brand share analysis, competition intelligence, DROT analysis, Market Dynamics and Challenges, Strategic Growth Initiatives |
|
Customization & Pricing |
Variable frequency drives Market : Segmentation
Drive Type
- AC Drive
- DC Drive
Voltage Range
- Low Voltage
- High Voltage
Application Type
- Standard
- Regenerative
End-use Application
- Pumps
- Fan
- Compressor
- Conveyor
- HVAC
- Others
End-use Industry
- Oil & Gas
- Food processing
- Automotive
- Mining & Metals
- Pulp & Paper
- Others
Region
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Middle East and Africa (MEA)
Frequently Asked Questions
US currently leads the global market for variable frequency drives. Sales in US will be over 22% of total demand throughout the forecast period.
The AC Drive is highly sought-after in every market. The demand for AC Drives is expected to remain high in the near future, especially due to its proliferated usage across different industries for AC induction motors.
Variable frequency drives are widely used in pump and fan applications. Their usage in HVAC applications is rising day-by-day
Some of the leading companies manufacturing variable frequency drives are ABB Ltd, Siemens AG, Rockwell Automation, Danfoss A/S and Toshiba International Corp.
The medium voltage drives are driving sales of variable frequency drives because they are comparatively economical than low-voltage drives and seek application in wide areas for standalone or system applications.
Table of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand Side Trends
1.3. Supply Side Trends
1.4. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Key Market Trends
3.1. Key Trends Impacting the Market
3.2. Product Innovation / Development Trends
4. Key Success Factors
5. Global Market Demand Analysis 2016-2020 and Forecast, 2021-2031
5.1. Historical Market Volume (‘000 units) Analysis, 2016-2020
5.2. Current and Future Market Volume (‘000 units) Projections, 2021-2031
5.3. Y-o-Y Growth Trend Analysis
6. Global Market - Pricing Analysis
6.1. Regional Pricing Analysis By Drive Type
6.2. Global Average Pricing Analysis Benchmark
7. Global Market Demand (US$ Mn) Analysis 2016-2020 and Forecast, 2021-2031
7.1. Historical Market Value (US$ Mn) Analysis, 2016-2020
7.2. Current and Future Market Value (US$ Mn) Projections, 2021-2031
7.3. Y-o-Y Growth Trend Analysis
8. Market Background
8.1. Macro-Economic Factors
8.1.1. Global Economic Outlook
8.1.2. Global GDP Growth Outlook
8.1.3. Global Manufacturing Value Added by Key Countries
8.2. Forecast Factors - Relevance & Impact
8.3. Value Chain Analysis
8.4. COVID-19 Impact
8.5. Market Dynamics
8.5.1. Drivers
8.5.2. Restraints
8.5.3. Opportunity Analysis
9. Global Market Analysis 2016-2020 and Forecast 2021-2031, by Drive Type
9.1. Introduction / Key Findings
9.2. Historical Market Size (US$ Mn) and Volume Analysis By Drive Type, 2016-2020
9.3. Current and Future Market Size (US$ Mn) and Volume Analysis and Forecast By Drive Type, 2021-2031
9.3.1. AC Drive
9.3.2. DC Drive
9.4. Market Attractiveness Analysis By Drive Type
10. Global Market Analysis 2016-2020 and Forecast 2021-2031, By Voltage Range
10.1. Introduction / Key Findings
10.2. Historical Market Size (US$ Mn) and Volume Analysis By Voltage Range, 2016-2020
10.3. Current and Future Market Size (US$ Mn) and Volume Analysis and Forecast By Voltage Range, 2021-2031
10.3.1. Low Voltage
10.3.2. Medium Voltage
10.4. Market Attractiveness Analysis By Voltage Range
11. Global Market Analysis 2016-2020 and Forecast 2021-2031, By Application Type
11.1. Introduction / Key Findings
11.2. Historical Market Size (US$ Mn) and Volume Analysis By Application Type, 2016-2020
11.3. Current and Future Market Size (US$ Mn) and Volume Analysis and Forecast By Application Type, 2021-2031
11.3.1. Standard
11.3.2. Regenerative
11.4. Market Attractiveness Analysis By Application Type
12. Global Market Analysis 2016-2020 and Forecast 2021-2031, By End-use Application
12.1. Introduction / Key Findings
12.2. Historical Market Size (US$ Mn) and Volume Analysis By End-use Application, 2016-2020
12.3. Current and Future Market Size (US$ Mn) and Volume Analysis and Forecast By End-use Application, 2021-2031
12.3.1. Pump
12.3.2. Fan
12.3.3. Compressor
12.3.4. Conveyor
12.3.5. HVAC
12.3.6. Others
12.3.7. Market Attractiveness Analysis By End-use Application
13. Global Market Analysis 2016-2020 and Forecast 2021-2031, By End-use Industry
13.1. Introduction / Key Findings
13.2. Historical Market Size (US$ Mn) and Volume Analysis By End-use Industry, 2016-2020
13.3. Current and Future Market Size (US$ Mn) and Volume Analysis and Forecast By End-use Industry, 2021-2031
13.3.1. Oil & Gas
13.3.2. Food Processing
13.3.3. Automotive
13.3.4. Mining & Metal
13.3.5. Pulp & Paper
13.3.6. Others
13.4. Market Attractiveness Analysis By End-use Application
14. Global Market Analysis 2016-2020 and Forecast 2021-2031, by Region
14.1. Introduction
14.2. Historical Market Size (US$ Mn) and Volume Analysis By Region, 2016-2020
14.3. Current Market Size (US$ Mn) and Volume Analysis and Forecast By Region, 2021-2031
14.3.1. North America
14.3.2. Latin America
14.3.3. Europe
14.3.4. East Asia
14.3.5. South Asia & Pacific
14.3.6. Middle East and Africa (MEA)
14.4. Market Attractiveness Analysis By Region
15. North America Market Analysis 2016-2020 and Forecast 2021-2031
15.1. Introduction
15.2. Pricing Analysis
15.3. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2016-2020
15.4. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2021-2031
15.4.1. By Country
15.4.1.1. U.S.
15.4.1.2. Canada
15.4.2. By Drive Type
15.4.3. By Voltage Range
15.4.4. By Application Type
15.4.5. By End-use Application
15.4.6. By End-use Industry
15.5. Market Attractiveness Analysis
16. Latin America Market Analysis 2016-2020 and Forecast 2021-2031
16.1. Introduction
16.2. Pricing Analysis
16.3. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2016-2020
16.4. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2021-2031
16.4.1. By Country
16.4.1.1. Brazil
16.4.1.2. Mexico
16.4.1.3. Rest of Latin America
16.4.2. By Drive Type
16.4.3. By Voltage Range
16.4.4. By Application Type
16.4.5. By End-use Application
16.4.6. By End-use Industry
16.5. Market Attractiveness Analysis
17. Europe Market Analysis 2016-2020 and Forecast 2021-2031
17.1. Introduction
17.2. Pricing Analysis
17.3. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2016-2020
17.4. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2021-2031
17.4.1. By Country
17.4.1.1. Germany
17.4.1.2. Italy
17.4.1.3. France
17.4.1.4. U.K.
17.4.1.5. Spain
17.4.1.6. BENELUX
17.4.1.7. Russia
17.4.1.8. Rest of Europe
17.4.2. By Drive Type
17.4.3. By Voltage Range
17.4.4. By Application Type
17.4.5. By End-use Application
17.4.6. By End-use Industry
17.5. Market Attractiveness Analysis
18. South Asia & Pacific Market Analysis 2016-2020 and Forecast 2021-2031
18.1. Introduction
18.2. Pricing Analysis
18.3. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2016-2020
18.4. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2021-2031
18.4.1. By Country
18.4.1.1. India
18.4.1.2. ASEAN
18.4.1.3. Oceania
18.4.2. By Drive Type
18.4.3. By Voltage Range
18.4.4. By Application Type
18.4.5. By End-use Application
18.4.6. By End-use Industry
18.5. Market Attractiveness Analysis
19. East Asia Market Analysis 2016-2020 and Forecast 2021-2031
19.1. Introduction
19.2. Pricing Analysis
19.3. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2016-2020
19.4. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2021-2031
19.4.1. By Country
19.4.1.1. China
19.4.1.2. Japan
19.4.1.3. South Korea
19.4.2. By Drive Type
19.4.3. By Voltage Range
19.4.4. By Application Type
19.4.5. By End-use Application
19.4.6. By End-use Industry
19.5. Market Attractiveness Analysis
20. Middle East and Africa Market Analysis 2016-2020 and Forecast 2021-2031
20.1. Introduction
20.2. Pricing Analysis
20.3. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2016-2020
20.4. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2021-2031
20.4.1. By Country
20.4.1.1. GCC Countries
20.4.1.2. Turkey
20.4.1.3. Northern Africa
20.4.1.4. South Africa
20.4.1.5. Rest of Middle East and Africa
20.4.2. By Drive Type
20.4.3. By Voltage Range
20.4.4. By Application Type
20.4.5. By End-use Application
20.4.6. By End-use Industry
20.5. Market Attractiveness Analysis
21. Key and Emerging Countries Market Analysis
21.1. U.S. Market Analysis
21.1.1. By Drive Type
21.1.2. By Voltage Range
21.1.3. By Application Type
21.1.4. By End-use Application
21.1.5. By End-use Industry
21.2. Canada Market Analysis
21.2.1. By Drive Type
21.2.2. By Voltage Range
21.2.3. By Application Type
21.2.4. By End-use Application
21.2.5. By End-use Industry
21.3. Mexico Market Analysis
21.3.1. By Drive Type
21.3.2. By Voltage Range
21.3.3. By Application Type
21.3.4. By End-use Application
21.3.5. By End-use Industry
21.4. Brazil Market Analysis
21.4.1. By Drive Type
21.4.2. By Voltage Range
21.4.3. By Application Type
21.4.4. By End-use Application
21.4.5. By End-use Industry
21.5. Germany Market Analysis
21.5.1. By Drive Type
21.5.2. By Voltage Range
21.5.3. By Application Type
21.5.4. By End-use Application
21.5.5. By End-use Industry
21.6. Italy Market Analysis
21.6.1. By Drive Type
21.6.2. By Voltage Range
21.6.3. By Application Type
21.6.4. By End-use Application
21.6.5. By End-use Industry
21.7. France Market Analysis
21.7.1. By Drive Type
21.7.2. By Voltage Range
21.7.3. By Application Type
21.7.4. By End-use Application
21.7.5. By End-use Industry
21.8. U.K. Market Analysis
21.8.1. By Drive Type
21.8.2. By Voltage Range
21.8.3. By Application Type
21.8.4. By End-use Application
21.8.5. By End-use Industry
21.9. Spain Market Analysis
21.9.1. By Drive Type
21.9.2. By Voltage Range
21.9.3. By Application Type
21.9.4. By End-use Application
21.9.5. By End-use Industry
21.10. BENELUX Market Analysis
21.10.1. By Drive Type
21.10.2. By Voltage Range
21.10.3. By Application Type
21.10.4. By End-use Application
21.10.5. By End-use Industry
21.11. Russia Market Analysis
21.11.1. By Drive Type
21.11.2. By Voltage Range
21.11.3. By Application Type
21.11.4. By End-use Application
21.11.5. By End-use Industry
21.12. China Market Analysis
21.12.1. By Drive Type
21.12.2. By Voltage Range
21.12.3. By Application Type
21.12.4. By End-use Application
21.12.5. By End-use Industry
21.13. Japan Market Analysis
21.13.1. By Drive Type
21.13.2. By Voltage Range
21.13.3. By Application Type
21.13.4. By End-use Application
21.13.5. By End-use Industry
21.14. South Korea Market Analysis
21.14.1. By Drive Type
21.14.2. By Voltage Range
21.14.3. By Application Type
21.14.4. By End-use Application
21.14.5. By End-use Industry
21.15. India Market Analysis
21.15.1. By Drive Type
21.15.2. By Voltage Range
21.15.3. By Application Type
21.15.4. By End-use Application
21.15.5. By End-use Industry
21.16. ASEAN Market Analysis
21.16.1. By Drive Type
21.16.2. By Voltage Range
21.16.3. By Application Type
21.16.4. By End-use Application
21.16.5. By End-use Industry
21.17. Australia and New Zealand Market Analysis
21.17.1. By Drive Type
21.17.2. By Voltage Range
21.17.3. By Application Type
21.17.4. By End-use Application
21.17.5. By End-use Industry
21.18. GCC Countries Market Analysis
21.18.1. By Drive Type
21.18.2. By Voltage Range
21.18.3. By Application Type
21.18.4. By End-use Application
21.18.5. By End-use Industry
21.19. Turkey Market Analysis
21.19.1. By Drive Type
21.19.2. By Voltage Range
21.19.3. By Application Type
21.19.4. By End-use Application
21.19.5. By End-use Industry
22. Market Structure Analysis
22.1. Key Positioning of Players in Market
22.2. Market Analysis by Tier of Companies (VFD)
22.3. Market Share Analysis of Top Players
22.4. Market Presence Analysis
22.4.1. Product foot print by Players
23. Competition Analysis
23.1. Competition Dashboard
23.2. Competition Benchmarking
23.3. Competition Deep Dive
23.3.1. ABB Ltd.
23.3.1.1. Overview
23.3.1.2. Product Portfolio
23.3.1.3. Key Financials
23.3.1.4. SWOT Analysis
23.3.1.5. Strategy Overview
23.3.2. Siemens AG
23.3.2.1. Overview
23.3.2.2. Product Portfolio
23.3.2.3. Key Financials
23.3.2.4. SWOT Analysis
23.3.2.5. Strategy Overview
23.3.3. Danfoss A/S
23.3.3.1. Overview
23.3.3.2. Product Portfolio
23.3.3.3. Key Financials
23.3.3.4. SWOT Analysis
23.3.3.5. Strategy Overview
23.3.4. Rockwell Automation
23.3.4.1. Overview
23.3.4.2. Product Portfolio
23.3.4.3. Key Financials
23.3.4.4. SWOT Analysis
23.3.4.5. Strategy Overview
23.3.5. GE Energy Power Conversion
23.3.5.1. Overview
23.3.5.2. Product Portfolio
23.3.5.3. Key Financials
23.3.5.4. SWOT Analysis
23.3.5.5. Strategy Overview
23.3.6. Toshiba International Corporation
23.3.6.1. Overview
23.3.6.2. Product Portfolio
23.3.6.3. Key Financials
23.3.6.4. SWOT Analysis
23.3.6.5. Strategy Overview
23.3.7. Schneider Electric
23.3.7.1. Overview
23.3.7.2. Product Portfolio
23.3.7.3. Key Financials
23.3.7.4. SWOT Analysis
23.3.7.5. Strategy Overview
23.3.8. Mitsubishi Electric Corporation
23.3.8.1. Overview
23.3.8.2. Product Portfolio
23.3.8.3. Key Financials
23.3.8.4. SWOT Analysis
23.3.8.5. Strategy Overview
23.3.9. Honeywell International Inc.
23.3.9.1. Overview
23.3.9.2. Product Portfolio
23.3.9.3. Key Financials
23.3.9.4. SWOT Analysis
23.3.9.5. Strategy Overview
23.3.10. Emerson Industrial Automation
23.3.10.1. Overview
23.3.10.2. Product Portfolio
23.3.10.3. Key Financials
23.3.10.4. SWOT Analysis
23.3.10.5. Strategy Overview
23.3.11. Fuji Electric Co. Ltd
23.3.11.1. Overview
23.3.11.2. Product Portfolio
23.3.11.3. Key Financials
23.3.11.4. SWOT Analysis
23.3.11.5. Strategy Overview
23.3.12. Johnson Controls Inc.
23.3.12.1. Overview
23.3.12.2. Product Portfolio
23.3.12.3. Key Financials
23.3.12.4. SWOT Analysis
23.3.12.5. Strategy Overview
23.3.13. Eaton PLC
23.3.13.1. Overview
23.3.13.2. Product Portfolio
23.3.13.3. Key Financials
23.3.13.4. SWOT Analysis
23.3.13.5. Strategy Overview
23.3.14. Hitachi Ltd
23.3.14.1. Overview
23.3.14.2. Product Portfolio
23.3.14.3. Key Financials
23.3.14.4. SWOT Analysis
23.3.14.5. Strategy Overview
Note: List of companies is not exhaustive in nature. It may be further augmented & refined during the course of research study
24. Assumptions and Acronyms Used
25. Research Methodology
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List of Tables
Table 01: Global Market Value (US$ Mn) & Volume ('000 Units) Historical Data 2016 – 2020 and Forecast 2021 – 2031 by Drive Type
Table 02: Global Market Value (US$ Mn) & Volume ('000 Units) Historical Data 2016 – 2020 and Forecast 2021 – 2031 by Voltage Range
Table 03: Global Market Value (US$ Mn) & Volume ('000 Units) Historical Data 2016 – 2020 and Forecast 2021 – 2031 by Application Type
Table 04: Global Market Value (US$ Mn) & Volume ('000 Units) Historical Data 2016 – 2020 and Forecast 2021 – 2031 by End-use Application
Table 05: Global Market Value (US$ Mn) & Volume ('000 Units) Historical Data 2016 – 2020 and Forecast 2021 – 2031 by End-use Industry
Table 06: Global Market Value (US$ Mn) & Volume ('000 Units) Historical Data 2016 – 2020 and Forecast 2021 – 2031 by Region
Table 07: North America Market Value (US$ Mn) & Volume ('000 Units) Historical Data 2016 – 2020 and Forecast 2021 – 2031 by Country
Table 08: North America Market Value (US$ Mn) & Volume ('000 Units) Historical Data 2016 – 2020 and Forecast 2021 – 2031 by Drive Type
Table 09: North America Market Value (US$ Mn) & Volume ('000 Units) Historical Data 2016 – 2020 and Forecast 2021 – 2031 by Voltage Range
Table 10: North America Market Value (US$ Mn) & Volume ('000 Units) Historical Data 2016 – 2020 and Forecast 2021 – 2031 by Application Type
Table 11: North America Market Value (US$ Mn) & Volume ('000 Units) Historical Data 2016 – 2020 and Forecast 2021 – 2031 by End-use Application
Table 12: North America Market Value (US$ Mn) & Volume ('000 Units) Historical Data 2016 – 2020 and Forecast 2021 – 2031 by End-use Industry
Table 13: Latin America Market Value (US$ Mn) & Volume ('000 Units) Historical Data 2016 – 2020 and Forecast 2021 – 2031 by Country
Table 14: Latin America Market Value (US$ Mn) & Volume ('000 Units) Historical Data 2016 – 2020 and Forecast 2021 – 2031 by Drive Type
Table 15: Latin America Market Value (US$ Mn) & Volume ('000 Units) Historical Data 2016 – 2020 and Forecast 2021 – 2031 by Voltage Range
Table 16: Latin America Market Value (US$ Mn) & Volume ('000 Units) Historical Data 2016 – 2020 and Forecast 2021 – 2031 by Application Type
Table 17: Latin America Market Value (US$ Mn) & Volume ('000 Units) Historical Data 2016 – 2020 and Forecast 2021 – 2031 by End-use Application
Table 18: Latin America Market Value (US$ Mn) & Volume ('000 Units) Historical Data 2016 – 2020 and Forecast 2021 – 2031 by End-use Industry
Table 19: Europe Market Value (US$ Mn) & Volume ('000 Units) Historical Data 2016 – 2020 and Forecast 2021 – 2031 by Country
Table 20: Europe Market Value (US$ Mn) & Volume ('000 Units) Historical Data 2016 – 2020 and Forecast 2021 – 2031 by Drive Type
Table 21: Europe Market Value (US$ Mn) & Volume ('000 Units) Historical Data 2016 – 2020 and Forecast 2021 – 2031 by Voltage Range
Table 22: Europe Market Value (US$ Mn) & Volume ('000 Units) Historical Data 2016 – 2020 and Forecast 2021 – 2031 by Application Type
Table 23: Europe Market Value (US$ Mn) & Volume ('000 Units) Historical Data 2016 – 2020 and Forecast 2021 – 2031 by End-use Application
Table 24: Europe Market Value (US$ Mn) & Volume ('000 Units) Historical Data 2016 – 2020 and Forecast 2021 – 2031 by End-use Industry
Table 25: East Asia Market Value (US$ Mn) & Volume ('000 Units) Historical Data 2016 – 2020 and Forecast 2021 – 2031 by Country
Table 26: East Asia Market Value (US$ Mn) & Volume ('000 Units) Historical Data 2016 – 2020 and Forecast 2021 – 2031 by Drive Type
Table 27: East Asia Market Value (US$ Mn) & Volume ('000 Units) Historical Data 2016 – 2020 and Forecast 2021 – 2031 by Voltage Range
Table 28: East Asia Market Value (US$ Mn) & Volume ('000 Units) Historical Data 2016 – 2020 and Forecast 2021 – 2031 by Application Type
Table 29: East Asia Market Value (US$ Mn) & Volume ('000 Units) Historical Data 2016 – 2020 and Forecast 2021 – 2031 by End-use Application
Table 30: East Asia Market Value (US$ Mn) & Volume ('000 Units) Historical Data 2016 – 2020 and Forecast 2021 – 2031 by End-use Industry
Table 31: South Asia-Pacific Market Value (US$ Mn) & Volume ('000 Units) Historical Data 2016 – 2020 and Forecast 2021 – 2031 by Country
Table 32: South Asia-Pacific Market Value (US$ Mn) & Volume ('000 Units) Historical Data 2016 – 2020 and Forecast 2021 – 2031 by Drive Type
Table 33: South Asia-Pacific Market Value (US$ Mn) & Volume ('000 Units) Historical Data 2016 – 2020 and Forecast 2021 – 2031 by Voltage Range
Table 34: South Asia-Pacific Market Value (US$ Mn) & Volume ('000 Units) Historical Data 2016 – 2020 and Forecast 2021 – 2031 by Application Type
Table 35: South Asia-Pacific Market Value (US$ Mn) & Volume ('000 Units) Historical Data 2016 – 2020 and Forecast 2021 – 2031 by End-use Application
Table 36: South Asia-Pacific Market Value (US$ Mn) & Volume ('000 Units) Historical Data 2016 – 2020 and Forecast 2021 – 2031 by End-use Industry
Table 37: Middle East & Africa Market Value (US$ Mn) & Volume ('000 Units) Historical Data 2016 – 2020 and Forecast 2021 – 2031 by Country
Table 38: Middle East & Africa Market Value (US$ Mn) & Volume ('000 Units) Historical Data 2016 – 2020 and Forecast 2021 – 2031 by Drive Type
Table 39: Middle East & Africa Market Value (US$ Mn) & Volume ('000 Units) Historical Data 2016 – 2020 and Forecast 2021 – 2031 by Voltage Range
Table 40: Middle East & Africa Market Value (US$ Mn) & Volume ('000 Units) Historical Data 2016 – 2020 and Forecast 2021 – 2031 by Application Type
Table 41: Middle East & Africa Market Value (US$ Mn) & Volume ('000 Units) Historical Data 2016 – 2020 and Forecast 2021 – 2031 by End-use Application
Table 42: Middle East & Africa Market Value (US$ Mn) & Volume ('000 Units) Historical Data 2016 – 2020 and Forecast 2021 – 2031 by End-use Industry
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Figure 01: Global Market Volume ('000 Units) and Y-o-Y Growth Rate From 2021-2031
Figure 02: Global Market Value (US$ Mn) and Y-o-Y Growth Rate From 2021-2031
Figure 03: Global Market Value Share by Drive Type, 2021E
Figure 04: Global Market Value by Drive Type, 2021E
Figure 05: Global Market Share and BPS Analysis by Drive Type, 2021 & 2031
Figure 06: Global Market Y-o-Y Growth Projection by Drive Type, 2021-2031
Figure 07: Global Market Attractiveness Analysis by Drive Type, 2021-2031
Figure 08: Global Market Absolute $ Opportunity by AC Drive Segment, 2021–2031
Figure 09: Global Market Absolute $ Opportunity by DC Drive Segment, 2021–2031
Figure 10: Global Market Value Share by Voltage Range, 2021E
Figure 11: Global Market Value by Voltage Range, 2021E
Figure 12: Global Market Share and BPS Analysis by Voltage Range, 2021 & 2031
Figure 13: Global Market Y-o-Y Growth Projection by Voltage Range, 2021-2031
Figure 14: Global Market Attractiveness Analysis by Voltage Range, 2021-2031
Figure 15: Global Market Absolute $ Opportunity by Low Voltage Segment, 2021–2031
Figure 16: Global Market Absolute $ Opportunity by Medium Voltage Segment, 2021–2031
Figure 17: Global Market Value Share by Application Type, 2021E
Figure 18: Global Market Value by Application Type, 2021E
Figure 19: Global Market Share and BPS Analysis by Application Type, 2021 & 2031
Figure 20: Global Market Y-o-Y Growth Projection by Application Type, 2021-2031
Figure 21: Global Market Attractiveness Analysis by Application Type, 2021-2031
Figure 22: Global Market Absolute $ Opportunity by Standard Segment, 2021–2031
Figure 23: Global Market Absolute $ Opportunity by Regenerative Segment, 2021–2031
Figure 24: Global Market Value Share by End-use Application, 2021E
Figure 25: Global Market Value by End-use Application, 2021E
Figure 26: Global Market Share and BPS Analysis by End-use Application, 2021 & 2031
Figure 27: Global Market Y-o-Y Growth Projection by End-use Application, 2021-2031
Figure 28: Global Market Attractiveness Analysis by End-use Application, 2021-2031
Figure 29: Global Market Absolute $ Opportunity by Pump Segment, 2021–2031
Figure 30: Global Market Absolute $ Opportunity by Fan Segment, 2021–2031
Figure 31: Global Market Absolute $ Opportunity by Compressor Segment, 2021–2031
Figure 32: Global Market Absolute $ Opportunity by Conveyor Segment, 2021–2031
Figure 33: Global Market Absolute $ Opportunity by HVAC Segment, 2021–2031
Figure 34: Global Market Absolute $ Opportunity by Others Segment, 2021–2031
Figure 35: Global Market Value Share by End-use Industry, 2021E
Figure 36: Global Market Value by End-use Industry, 2021E
Figure 37: Global Market Share and BPS Analysis by End-use Industry, 2021 & 2031
Figure 38: Global Market Y-o-Y Growth Projection by End-use Industry, 2021-2031
Figure 39: Global Market Attractiveness Analysis by End-use Industry, 2021-2031
Figure 40: Global Market Absolute $ Opportunity by Oil & Gas Segment, 2021–2031
Figure 41: Global Market Absolute $ Opportunity by Food Processing Segment, 2021–2031
Figure 42: Global Market Absolute $ Opportunity by Automotive Segment, 2021–2031
Figure 43: Global Market Absolute $ Opportunity by Mining & Metals Segment, 2021–2031
Figure 44: Global Market Absolute $ Opportunity by Pulp & Paper Segment, 2021–2031
Figure 45: Global Market Absolute $ Opportunity by Others Segment, 2021–2031
Figure 46: Global Market Value Share by Region, 2021E
Figure 47: Global Market Value by Region, 2021E
Figure 48: Global Market Share and BPS Analysis by Region, 2021 & 2031
Figure 49: Global Market Y-o-Y Growth Projection by Region, 2021-2031
Figure 50: Global Market Attractiveness Analysis by Region, 2021-2031
Figure 51: Global Market Absolute $ Opportunity by North America Region, 2021–2031
Figure 52: Global Market Absolute $ Opportunity by Latin America Region, 2021–2031
Figure 53: Global Market Absolute $ Opportunity by Europe Region, 2021–2031
Figure 54: Global Market Absolute $ Opportunity by East Asia Region, 2021–2031
Figure 55: Global Market Absolute $ Opportunity by South Asia-Pacific Region, 2021–2031
Figure 56: Global Market Absolute $ Opportunity by Middle East & Africa Region, 2021–2031
Figure 57: North America Market Share and BPS Analysis by Country, 2021 & 2031
Figure 58: North America Market Y-o-Y Growth Projection by Country, 2021-2031
Figure 59: North America Market Attractiveness Analysis by Country, 2021-2031
Figure 60: North America Market Incremental $ Opportunity by Country, 2021-2031
Figure 61: North America Market Share and BPS Analysis by Drive Type, 2021 & 2031
Figure 62: North America Market Y-o-Y Growth Projection by Drive Type, 2021-2031
Figure 63: North America Market Attractiveness Analysis by Drive Type, 2021-2031
Figure 64: North America Market Share and BPS Analysis by Voltage Range, 2021 & 2031
Figure 65: North America Market Y-o-Y Growth Projection by Voltage Range, 2021-2031
Figure 66: North America Market Attractiveness Analysis by Voltage Range, 2021-2031
Figure 67: North America Market Share and BPS Analysis by Application Type, 2021 & 2031
Figure 68: North America Market Y-o-Y Growth Projection by Application Type, 2021-2031
Figure 69: North America Market Attractiveness Analysis by Application Type, 2021-2031
Figure 70: North America Market Share and BPS Analysis by End-use Application, 2021 & 2031
Figure 71: North America Market Y-o-Y Growth Projection by End-use Application, 2021-2031
Figure 72: North America Market Attractiveness Analysis by End-use Application, 2021-2031
Figure 73: North America Market Share and BPS Analysis by End-use Industry, 2021 & 2031
Figure 74: North America Market Y-o-Y Growth Projection by End-use Industry, 2021-2031
Figure 75: North America Market Attractiveness Analysis by End-use Industry, 2021-2031
Figure 76: Latin America Market Share and BPS Analysis by Country, 2021 & 2031
Figure 77: Latin America Market Y-o-Y Growth Projection by Country, 2021-2031
Figure 78: Latin America Market Attractiveness Analysis by Country, 2021-2031
Figure 79: Latin America Market Incremental $ Opportunity by Country, 2021-2031
Figure 80: Latin America Market Share and BPS Analysis by Drive Type, 2021 & 2031
Figure 81: Latin America Market Y-o-Y Growth Projection by Drive Type, 2021-2031
Figure 82: Latin America Market Attractiveness Analysis by Drive Type, 2021-2031
Figure 83: Latin America Market Share and BPS Analysis by Voltage Range, 2021 & 2031
Figure 84: Latin America Market Y-o-Y Growth Projection by Voltage Range, 2021-2031
Figure 85: Latin America Market Attractiveness Analysis by Voltage Range, 2021-2031
Figure 86: Latin America Market Share and BPS Analysis by Application Type, 2021 & 2031
Figure 87: Latin America Market Y-o-Y Growth Projection by Application Type, 2021-2031
Figure 88: Latin America Market Attractiveness Analysis by Application Type, 2021-2031
Figure 89: Latin America Market Share and BPS Analysis by End-use Application, 2021 & 2031
Figure 90: Latin America Market Y-o-Y Growth Projection by End-use Application, 2021-2031
Figure 91: Latin America Market Attractiveness Analysis by End-use Application, 2021-2031
Figure 92: Latin America Market Share and BPS Analysis by End-use Industry, 2021 & 2031
Figure 93: Latin America Market Y-o-Y Growth Projection by End-use Industry, 2021-2031
Figure 94: Latin America Market Attractiveness Analysis by End-use Industry, 2021-2031
Figure 95: Europe Market Share and BPS Analysis by Country, 2021 & 2031
Figure 96: Europe Market Y-o-Y Growth Projection by Country, 2021-2031
Figure 97: Europe Market Attractiveness Analysis by Country, 2021-2031
Figure 98: Europe Market Incremental $ Opportunity by Country, 2021-2031
Figure 99: Europe Market Share and BPS Analysis by Drive Type, 2021 & 2031
Figure 100: Europe Market Y-o-Y Growth Projection by Drive Type, 2021-2031
Figure 101: Europe Market Attractiveness Analysis by Drive Type, 2021-2031
Figure 102: Europe Market Share and BPS Analysis by Voltage Range, 2021 & 2031
Figure 103: Europe Market Y-o-Y Growth Projection by Voltage Range, 2021-2031
Figure 104: Europe Market Attractiveness Analysis by Voltage Range, 2021-2031
Figure 105: Europe Market Share and BPS Analysis by Application Type, 2021 & 2031
Figure 106: Europe Market Y-o-Y Growth Projection by Application Type, 2021-2031
Figure 107: Europe Market Attractiveness Analysis by Application Type, 2021-2031
Figure 108: Europe Market Share and BPS Analysis by End-use Application, 2021 & 2031
Figure 109: Europe Market Y-o-Y Growth Projection by End-use Application, 2021-2031
Figure 110: Europe Market Attractiveness Analysis by End-use Application, 2021-2031
Figure 111: Europe Market Share and BPS Analysis by End-use Industry, 2021 & 2031
Figure 112: Europe Market Y-o-Y Growth Projection by End-use Industry, 2021-2031
Figure 113: Europe Market Attractiveness Analysis by End-use Industry, 2021-2031
Figure 114: East Asia Market Share and BPS Analysis by Country, 2021 & 2031
Figure 115: East Asia Market Y-o-Y Growth Projection by Country, 2021-2031
Figure 116: East Asia Market Attractiveness Analysis by Country, 2021-2031
Figure 117: East Asia Market Incremental $ Opportunity by Country, 2021-2031
Figure 118: East Asia Market Share and BPS Analysis by Drive Type, 2021 & 2031
Figure 119: East Asia Market Y-o-Y Growth Projection by Drive Type, 2021-2031
Figure 120: East Asia Market Attractiveness Analysis by Drive Type, 2021-2031
Figure 121: East Asia Market Share and BPS Analysis by Voltage Range, 2021 & 2031
Figure 122: East Asia Market Y-o-Y Growth Projection by Voltage Range, 2021-2031
Figure 123: East Asia Market Attractiveness Analysis by Voltage Range, 2021-2031
Figure 124: East Asia Market Share and BPS Analysis by Application Type, 2021 & 2031
Figure 125: East Asia Market Y-o-Y Growth Projection by Application Type, 2021-2031
Figure 126: East Asia Market Attractiveness Analysis by Application Type, 2021-2031
Figure 127: East Asia Market Share and BPS Analysis by End-use Application, 2021 & 2031
Figure 128: East Asia Market Y-o-Y Growth Projection by End-use Application, 2021-2031
Figure 129: East Asia Market Attractiveness Analysis by End-use Application, 2021-2031
Figure 130: East Asia Market Share and BPS Analysis by End-use Industry, 2021 & 2031
Figure 131: East Asia Market Y-o-Y Growth Projection by End-use Industry, 2021-2031
Figure 132: East Asia Market Attractiveness Analysis by End-use Industry, 2021-2031
Figure 133: South Asia-Pacific Market Share and BPS Analysis by Country, 2021 & 2031
Figure 134: South Asia-Pacific Market Y-o-Y Growth Projection by Country, 2021-2031
Figure 135: South Asia-Pacific Market Attractiveness Analysis by Country, 2021-2031
Figure 136: South Asia-Pacific Market Incremental $ Opportunity by Country, 2021-2031
Figure 137: South Asia-Pacific Market Share and BPS Analysis by Drive Type, 2021 & 2031
Figure 138: South Asia-Pacific Market Y-o-Y Growth Projection by Drive Type, 2021-2031
Figure 139: South Asia-Pacific Market Attractiveness Analysis by Drive Type, 2021-2031
Figure 140: South Asia-Pacific Market Share and BPS Analysis by Voltage Range, 2021 & 2031
Figure 141: South Asia-Pacific Market Y-o-Y Growth Projection by Voltage Range, 2021-2031
Figure 142: South Asia-Pacific Market Attractiveness Analysis by Voltage Range, 2021-2031
Figure 143: South Asia-Pacific Market Share and BPS Analysis by Application Type, 2021 & 2031
Figure 144: South Asia-Pacific Market Y-o-Y Growth Projection by Application Type, 2021-2031
Figure 145: South Asia-Pacific Market Attractiveness Analysis by Application Type, 2021-2031
Figure 146: South Asia-Pacific Market Share and BPS Analysis by End-use Application, 2021 & 2031
Figure 147: South Asia-Pacific Market Y-o-Y Growth Projection by End-use Application, 2021-2031
Figure 148: South Asia-Pacific Market Attractiveness Analysis by End-use Application, 2021-2031
Figure 149: South Asia-Pacific Market Share and BPS Analysis by End-use Industry, 2021 & 2031
Figure 150: South Asia-Pacific Market Y-o-Y Growth Projection by End-use Industry, 2021-2031
Figure 151: South Asia-Pacific Market Attractiveness Analysis by End-use Industry, 2021-2031
Figure 152: Middle East & Africa Market Share and BPS Analysis by Country, 2021 & 2031
Figure 153: Middle East & Africa Market Y-o-Y Growth Projection by Country, 2021-2031
Figure 154: Middle East & Africa Market Attractiveness Analysis by Country, 2021-2031
Figure 155: Middle East & Africa Market Incremental $ Opportunity by Country, 2021-2031
Figure 156: Middle East & Africa Market Share and BPS Analysis by Drive Type, 2021 & 2031
Figure 157: Middle East & Africa Market Y-o-Y Growth Projection by Drive Type, 2021-2031
Figure 158: Middle East & Africa Market Attractiveness Analysis by Drive Type, 2021-2031
Figure 159: Middle East & Africa Market Share and BPS Analysis by Voltage Range, 2021 & 2031
Figure 160: Middle East & Africa Market Y-o-Y Growth Projection by Voltage Range, 2021-2031
Figure 161: Middle East & Africa Market Attractiveness Analysis by Voltage Range, 2021-2031
Figure 162: Middle East & Africa Market Share and BPS Analysis by Application Type, 2021 & 2031
Figure 163: Middle East & Africa Market Y-o-Y Growth Projection by Application Type, 2021-2031
Figure 164: Middle East & Africa Market Attractiveness Analysis by Application Type, 2021-2031
Figure 165: Middle East & Africa Market Share and BPS Analysis by End-use Application, 2021 & 2031
Figure 166: Middle East & Africa Market Y-o-Y Growth Projection by End-use Application, 2021-2031
Figure 167: Middle East & Africa Market Attractiveness Analysis by End-use Application, 2021-2031
Figure 168: Middle East & Africa Market Share and BPS Analysis by End-use Industry, 2021 & 2031
Figure 169: Middle East & Africa Market Y-o-Y Growth Projection by End-use Industry, 2021-2031
Figure 170: Middle East & Africa Market Attractiveness Analysis by End-use Industry, 2021-2031
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