- In December 2024, Danfoss upgraded its VLT AutomationDrive EZ FC 321 VFD, incorporating advanced communication protocols, real-time performance diagnostics, and improved energy-saving algorithms. These enhancements optimize integration with industrial systems, support predictive maintenance, and increase energy efficiency, reliability, and cost-effectiveness in automation
- In November 2024, Schneider Electric expanded its Altivar Medium Voltage Drives portfolio with the launch of the Altivar Process ATV6100. This drive offers a more compact design and versatile functionality, helping to improve energy efficiency, optimize processes, and reduce the total cost of ownership
- In April 2024, ABB launched a product for outdoor installation and extreme environments in the HVACR industry. Certified to UL Type 4X, this product ensures protection against rain, cold, snow, salt spray, dust, corrosion from caustic chemicals, gases, exterior ice formation, high humidity levels, and UV radiation
- In November 2023, ABB India increased its production capacity for energy-efficient drives to meet growing demand. The new manufacturing facility in Tamil Nadu, India, supports the production of drives that enhance energy efficiency and reduce carbon emissions, aligning with India's goals for sustainable industrial growth and ABB's commitment to innovative solutions for a greener future
- In March 2023, Siemens introduced the G220 Variable Frequency Drive (VFD), designed to enhance automation and adaptability in various industrial applications
Frequently Asked Questions
The market is segmented based on Segmentation, By Type (AC Drives, DC Drives, and Servo Drives), Voltage (Low Voltage and Medium Voltage), Application (Pumps, Fans, Compressors, Conveyers, and Others), Power Range (Micro Power Drives, Low Power Drives, Medium Power Drives, and High Power Drives), End User (Industrial, Infrastructure, Power Generation, Oil and Gas, and Others) – Industry Trends and Forecast to 2032
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The Global Variable Frequency Drive Market size was valued at USD 22.07 USD Billion in 2024.
The Global Variable Frequency Drive Market is projected to grow at a CAGR of 4.95% during the forecast period of 2025 to 2032.
The market report covers data from the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E., South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
