Syndicated Research Studies

The global variable frequency drive (VFD) market was valued at USD 28.38 billion in 2024 and is expected to grow to USD 39.67 billion by 2030, registering a compound annual growth rate (CAGR) of 5.9% from 2025 to 2030. The increasing adoption of connected devices across commercial, industrial, and residential sectors, along with the rising demand for VFDs due to benefits such as dynamic torque control, energy savings, and adjustable speed, particularly in industries like oil & gas, automotive, and power generation, are key factors propelling the market’s growth. Moreover, escalating investments in infrastructure development are driving demand for heating, ventilation, and air conditioning (HVAC) systems, which require solutions to enhance energy efficiency, further supporting market expansion. Rapid industrialization in developing economies is also boosting manufacturing and industrial sectors, thereby increasing the demand for VFD components. The power generation industry i...

Variable Frequency Drive Industry Overview The global variable frequency drive market size was valued at USD 24.9 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 5.5% from 2022 to 2030.  Increasing penetration of connected devices in various sectors such as commercial, industrial, and residential sectors, coupled with rising demand for variable frequency drive (VFD) due to their benefits such as adjustable speed, dynamic torque control, and energy-saving from sectors such as power generation, automotive, and oil & gas are crucial factors expected to drive the market growth. Additionally, increasing investment in infrastructure development is resulting in high demand for HVAC systems which calls for solutions to improve building energy efficiency this factor is expected to positively impact the target market growth. Gather more insights about the market drivers, restrains and growth of the Global Variable Frequency Drive Market ...