# Variable Frequency Drive (VFD) Market is poised to grow at a value CAGR exceeding 5% through 2031
Author:  Pal Sinha, Barnali 
Author URL: https://financedigest.com/author/pal-sinha-barnali
Published: 2022-01-06
Category: Research Reports
Category URL: https://financedigest.com/category/research-reports
Meta Title: Variable Frequency Drives Market Projections 2021
Meta Description: Discover the latest trends and projections for the variable frequency drives market in 2021. Explore growth opportunities in HVAC systems and automotive pumps
URL: https://financedigest.com/variable-frequency-drive-vfd-market-is-poised-to-grow-at-a-value-cagr-exceeding-5-through-2031html

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[Variable frequency drives](https://www.futuremarketinsights.com/reports/global-variable-frequency-drives-market) demand is set to grow at over 4% in 2021, with growing emphasis on heating, ventilation and air conditioning (HVAC) systems and automotive pumps which are expected to generate substantial growth opportunities. The projections are based on the latest edition by Future Market Insights (FMI), an ESOMAR-certified research and consulting firm.The global automotive industry has made prolific advances in the recent past.

Emerging as a multibillion dollar industry, the autonomous market is characterized by the emergence of a plethora of [start-up investments](https://www.financedigest.com/5-tips-for-raising-investment-as-a-start-up.html "5 tips for raising investment as a start-up"). Consequently, adoption of high-end HVAC systems and pumps has registered an impressive uptick. According to FMI’s projections, the aforementioned segments collectively accounted for nearly US$ 10 Bn as of 2019.

**Request Sample Copy of Report:** [https://www.futuremarketinsights.com/reports/sample/rep-gb-140](https://www.futuremarketinsights.com/reports/sample/rep-gb-140)

Prolific growth opportunities exist in the [Chinese market](https://www.financedigest.com/uk-property-market-braced-for-influx-of-chinese-buyers-as-golden-week-approaches.html "UK property market braced for influx of Chinese buyers as Golden Week approaches"), owing to an ever mushrooming automotive industry. [Future Market Insights](https://www.financedigest.com/plant-based-protein-market-is-expected-to-grow-at-a-cagr-of-around-7-2-during-2022-to-2032-future-market-insights-inc.html "Plant-Based Protein Market is expected to grow at a CAGR of around 7.2% during 2022 to 2032 | Future Market Insights Inc.") estimates the economic giant to produce 4.5 million variable frequency drives by 2021-end, as production cycles revert to normalcy in the aftermath of the coronavirus crisis. Hence, manufacturers are introducing a slew of technological innovations to tap this ever expanding opportunity, thus generating powerful revenue ecosystems across the forecast period.

**[Key Takeaways of Variable Frequency Drives Market](https://www.financedigest.com/digitisation-key-in-driving-uk-export-market-forward.html "DIGITISATION KEY IN DRIVING UK EXPORT MARKET FORWARD") Study**

- AC drives adoption surging in popularity by drive type; set to acquire 260 BPS by 2031-end
- U.S. and Germany to emerge as highly lucrative markets, owing to [growing EV sales](https://www.financedigest.com/uk-car-sales-hit-30-year-low-in-2022-but-could-grow-15-this-year-smmt.html "UK car sales hit 30-year low in 2022, but could grow 15% this year – SMMT")
- Growing concerns over excessive power consumption [compelling automotive manufacturers to invest](https://www.financedigest.com/compelling-tips-to-make-profitable-investments-in-the-stock-market.html "Compelling Tips to Make Profitable Investments in the Stock Market") in low-voltage VFDs
- Regenerative applications to find growing applications, reaching nearly US$ 15 Bn by 2021-end
- Pumps and HVAC systems to collectively expand at a [value CAGR](https://www.financedigest.com/global-motorcycle-chain-sprocket-market-is-anticipated-to-witness-a-considerable-value-cagr-of-6-2-during-the-period-of-2022-and-2027.html "Global Motorcycle Chain Sprocket Market is anticipated to witness a considerable value CAGR of 6.2% during the period of 2022 and 2027") worth 13% from 2021-2031

_“Rapidly expanding infrastructure for capital [projects are attracting frequent capital investments](https://www.financedigest.com/investing-trends-and-projections-for-2023.html "Investing Trends and Projections for 2023"), attributed to the increasing scale of urbanization. Hence, automotive sales are rising, [leading to widening revenue pools for VFD manufacturers,” says](https://www.financedigest.com/britain-says-it-is-committed-to-leading-a-nato-task-force-in-2024.html "Britain says it is committed to leading a NATO task force in 2024") the FMI analyst._

**Competitive Landscape**

The variable frequency [drives market](https://www.financedigest.com/unprecedented-constructive-disruption-to-drive-the-metagenomics-market.html "Unprecedented, constructive disruption to drive the Metagenomics Market") is a highly competitive market, with a sizeable presence of both global as well as domestic players. However, key players account for nearly half of the market share. It is characterized by large supplier base and strong B2B networks.

The market has robust partnerships throughout the value chain. Suppliers of variable frequency [drives adopt acquisition and regional expansion](https://www.financedigest.com/copa90-owner-bigballs-media-lands-stellar-global-business-leaders-to-drive-ambitious-expansion-plans.html "Copa90 owner Bigballs Media lands stellar global business leaders to drive ambitious expansion plans") strategies to establish a foothold. Brand consciousness and aggressive marketing makes it challenging for new entrants in the variable frequency [drives](https://www.financedigest.com/innovation-based-discernment-to-drive-the-microrna-market.html "Innovation-Based Discernment To Drive The Microrna Market") market.

**For More Information or Query or Customization Before Buying, Visit:** [**https://www.futuremarketinsights.com/customization-available/rep-gb-140**](https://www.futuremarketinsights.com/customization-available/rep-gb-140)

**More Insights on FMI’s VFD Market**

A recent market study published by FMI on the variable frequency [drives market includes global](https://www.financedigest.com/india-resists-calls-for-more-air-access-in-drive-to-be-global-aviation-force.html "India resists calls for more air access in drive to be global aviation force") industry analysis for 2016-2020 & opportunity assessment for 2021-2031, and delivers a comprehensive assessment of the most important market dynamics. The [market has been segmented on the basis of drive](https://www.financedigest.com/cognitive-automation-ca-to-drive-the-urothelial-carcinoma-diagnostics-market.html "Cognitive automation (CA) to drive the Urothelial Carcinoma Diagnostics Market") (AC drive & DC drive), voltage range (low and medium), application type (standard and regenerative), end-use application (pump, fan, compressor, conveyor, HVAC and others) and end-use industry (oil & gas, food processing, automotive, mining & minerals, pulp & paper and others) across five major regions.

[**Explore FMI’s Extensive Coverage on Industrial Automation Domain**](https://www.financedigest.com/avalara-emea-summit-explores-future-of-vat-automation.html "Avalara EMEA Summit Explores Future of VAT Automation")

[**Industrial Hose Assemblies Market**](https://www.futuremarketinsights.com/reports/industrial-hose-assemblies-market) **:** Industrial Hose Assemblies Market By Material Type (Rubber, Plastic & Metal), Product Type (Low Pressure, Medium Pressure & High Pressure), Component Type (Hoses & Hose Fittings), End User (Food & Beverages, Construction & Mining, Chemical & Pharmaceuticals) & Region – Forecast 2022 – 2028

[**Pressure Reducing Valve Market**](https://www.futuremarketinsights.com/reports/pressure-reducing-valve-market) **:** Pressure Reducing Valve Market By Material (Cast, Steel, Stainless Steel, Carbon Steel), End-Use Industry (Power Generation, Pharmaceutical, Pulp & Paper, Chemical, Food & Beverages, Oil & Gas), Product Type (Direct Acting & Pilot Operating), Application (Gas, Steam & Liquid) & Region – Forecast 2022 – 2028

[**Combi Ovens Market**](https://www.futuremarketinsights.com/reports/combi-ovens-market) **:** Combi Ovens Market Analysis and Review by Product Type (Steam Generated, Boilerless), By Power Unit (Gas, Electric), By Capacity (Low, Medium, Heavy) End Use (Hotels & Restaurants, Bakery Stores, Retail Outlets, Domestic & Institutional, Commercial Kitchens) & Region – Forecast 2022-2027

**About [Future Market Insights](https://www.financedigest.com/mobile-application-stores-market-is-likely-to-grow-at-a-cagr-of-20-during-2022-to-2032-future-market-insights-inc.html "Mobile Application Stores Market is likely to grow at a CAGR of 20% during 2022 to 2032 | Future Market Insights Inc.   ") (FMI)**

[Future Market Insights](https://www.financedigest.com/frozen-pizza-market-will-register-a-cagr-of-6-0-during-2031-to-reach-about-us-32-89-bn-future-market-insights-inc.html "Frozen Pizza Market will register a CAGR of 6.0% during 2031 to reach about US$ 32.89 Bn | Future Market Insights Inc. ") (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. [FMI](https://www.futuremarketinsights.com/) is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI’s latest [market research reports](https://www.futuremarketinsights.com/reports) and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition.

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**Report:** [https://www.futuremarketinsights.com/reports/global-variable-frequency-drives-market](https://www.futuremarketinsights.com/reports/global-variable-frequency-drives-market)

**Press Release Source**: [https://www.futuremarketinsights.com/press-release/global-variable-frequency-drives-market](https://www.futuremarketinsights.com/press-release/global-variable-frequency-drives-market)


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