Posted on 5th Jul 2023
The global variable frequency drive (VFD) market is expected to grow at a CAGR of 9.7% during the forecast period. The growth of the market can be attributed to the increasing demand for energy-efficient solutions and the growing awareness about the benefits of using VFDs. The top 10 players in the market control a major share of the market and are expected to dominate the market in the coming years.
Variable Frequency Drive (VFD) is becoming more and more popular in a variety of industries. As the market for VFDs continues to grow, so does the competition to be one of the top players.
There are a few key players in the VFD market, and each one is vying for a larger market share.
One of the ways that companies are trying to differentiate themselves is by offering new features and functions. For example, some companies are offering VFDs that are able to operate in extreme temperatures or that are more energy efficient. Others are focusing on the software that powers the VFDs, developing new applications that can help users save time and money.
Regardless of the approach that companies take, the competition for the VFD market is sure to heat up in the years to come. Those companies that are able to innovate and differentiate themselves will be the ones that come out on top.
In this blog post, we'll take a look at the top 10 players in the VFD market. We'll discuss their products, their strategies, and their position in the market.
The VFD market is growing rapidly, and there are many top players in the space. In this blog post, we'll take a look at the top 10 players in the market. We'll discuss their products, their strategies, and their position in the market.
Headquartered in Australia and India, Darwin Motion is one of the biggest manufacturers of AC inverter drives, Micro Drive, Solar Drive, High Frequency Drive, High Performance Drive, Regenerative Drive, Bi-Directional power supply, servo and motion control, and robotics automation systems. The company provide solutions to various industries such as construction, automotive, building automation, chemical/petrochemical, food and beverage, machine tool, plastics and rubber, material handling, packaging, pharmaceutical, printing and textile industries. Darwin Motion variable frequency drive design included Industrial Internet of Things (IIoT) and Industry 4.0 for smart manufacturing.
Johnson Controls International is having headquarter in Cork, Ireland. This is an Irish-domiciled American multinational corporation manufacturing fire, HVAC, and buildings' security equipment. More than 150 countries the company is established with various subsidiaries all around. The company manufactured Series III variable speed drives in 2019 for controlling speed of AC induction motors used in fan and pump applications.
ABB, a worldwide company with its headquarters in Zürich, Switzerland, provides cutting-edge technology to businesses and manufacturing facilities. The company has a wide range of products in the areas of electrification, discrete automation, industrial automation, motion, and robotics. For instance, ABB introduced the ACH580 series of variable frequency motors for smart buildings in April 2019. The business can increase its market presence in this way.
A Munich-based international conglomerate firm with German roots. For a variety of industry verticals, the firm provides a broad range of variable frequency drives with cutting-edge preventative maintenance techniques. Siemens introduced the "Extended Exchange" drive service in July 2018 to enable its clients safeguard Sinamics drives for up to seven years. By offering repair and exchange coverage to simplify drive operations, the new drive service also lowers unforeseen costs.
One of the top suppliers of power and smart energy systems, having operations in more than 100 nations worldwide. Around 23 research and development facilities are located around the world, while Danfoss Group operates through its 72 plants. Danfoss purchased UQM Technologies on July 31, 2019, a company that specialises in motors and inverters with a power range of up to 250 kW.
