Market Share of Variable Frequency Drives Industry
The variable frequency drives market is highly competitive due to the presence of many small and large players in the market. The market is observing a growing need for energy-efficient equipment, owing to which international players in the market are rapidly increasing their footprints, and local vendors are finding it difficult to compete with the major players in terms of quality, safety, and price. This factor is boosting the competition in the market. Some of the key players are Eaton Corporation, ABB Ltd, and Honeywell International Inc.
- April 2022 - ABB introduced the latest compact, fully integrated design medium voltage VFD ACS1000i with an integrated input transformer, input contactor, and auxiliary power supply in response to the space-constrained needs of the water and power industries. The air-cooled ACS 1000i - rated from 315 kW to 1800 kW, voltage classes 3.3, 4.0/4.16, 6.0/6.6 kV - employs a standard drive cabinet with built-in input transformer and input contactor while keeping the compact design of its sister drive, the ACS 1000. The traditional water-cooled ACS 1000 VFD can still be used for higher power levels.
Variable Frequency Drive (VFD) Market Leaders
Eaton Corporation PLC
ABB Ltd.
Crompton Greaves Ltd
Honeywell International Inc.
Rockwell Automations Inc.
*Disclaimer: Major Players sorted in no particular order
