UK Variable Frequency Drive Market
UK Variable Frequency Drive Market Research Report: By Type (AC, DC, Servo), By Application (Pumps, Fans, Compressor, Extruder, Others) andBy End User (Oil & Gas, Industrial, Infrastructure, Power Generation, Others)- Forecast to 2035
Industry Developments
The UK Variable Frequency Drive Market has recently experienced significant developments, particularly with major players such as Siemens, Emerson Electric, and Rockwell Automation continuing to innovate and expand their product lines. Notably, in September 2023, Yaskawa Electric announced an investment to enhance its manufacturing capabilities in the UK, responding to increasing demand for energy-efficient technology. Additionally, Danfoss has been focusing on sustainability, showcasing its advancements in low-emission VFDs for the UK market. The market has seen robust growth, driven by rising energy costs and a push towards automation across various sectors, including manufacturing and building management systems. Recent statistics indicate a substantial increase in demand for VFDs as industries pivot towards greener practices. In terms of mergers and acquisitions, there have been no major transactions reported in the last few months among the leading companies, although industry analysts note the potential for consolidations given the current competitive landscape. The drive towards digitalization and smart manufacturing solutions remains a pivotal theme as companies like Schneider Electric and Mitsubishi Electric invest heavily in Research and Development to capture evolving market opportunities.
Report Scope
| Report Attribute/Metric Source: | Details |
| MARKET SIZE 2018 | 441.3(USD Million) |
| MARKET SIZE 2024 | 466.8(USD Million) |
| MARKET SIZE 2035 | 752.9(USD Million) |
| COMPOUND ANNUAL GROWTH RATE (CAGR) | 4.442% (2025 - 2035) |
| REPORT COVERAGE | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| BASE YEAR | 2024 |
| MARKET FORECAST PERIOD | 2025 - 2035 |
| HISTORICAL DATA | 2019 - 2024 |
| MARKET FORECAST UNITS | USD Million |
| KEY COMPANIES PROFILED | Siemens, Emerson Electric, General Electric, Danfoss, Nord Drivesystems, Vacon, Parker Hannifin, Rockwell Automation, Honeywell, Yaskawa Electric, Schneider Electric, Mitsubishi Electric, Invertek Drives, Johnson Controls, ABB |
| SEGMENTS COVERED | Type, Application, End User |
| KEY MARKET OPPORTUNITIES | Rising demand for energy efficiency, Integration with renewable energy sources, Technological advancements in VFDs, Growth in automation and IoT, Increased focus on reducing carbon footprint |
| KEY MARKET DYNAMICS | Energy efficiency regulations, Industrial automation growth, Demand for renewable energy, Rising maintenance cost awareness, Technological advancements in control systems |
| COUNTRIES COVERED | UK |
FAQs
What is the expected market size of the UK Variable Frequency Drive Market in 2024?
The UK Variable Frequency Drive Market is expected to be valued at 466.8 million USD in 2024.
What will the market size of the UK Variable Frequency Drive Market be in 2035?
By 2035, the market is expected to reach a value of 752.9 million USD.
What is the expected CAGR for the UK Variable Frequency Drive Market from 2025 to 2035?
The expected Compound Annual Growth Rate (CAGR) for the market during this period is 4.442%.
Which segment will dominate the UK Variable Frequency Drive Market by type in terms of value in 2024?
In 2024, the AC segment is expected to dominate the market with a value of 186.8 million USD.
What is the projected value of the DC segment in the UK Variable Frequency Drive Market by 2035?
The DC segment is projected to reach a value of 186.2 million USD by 2035.
Which key players are leading the UK Variable Frequency Drive Market?
Major players include Siemens, Emerson Electric, General Electric, and Danfoss among others.
What is the expected market value of the Servo segment in 2035?
The Servo segment is expected to be valued at 270.6 million USD by 2035.
How does the growth of the UK Variable Frequency Drive Market correlate with emerging trends?
The market growth is driven by increasing automation and demand for energy efficiency.
What challenges might impact the UK Variable Frequency Drive Market between 2025 and 2035?
Challenges could include supply chain disruptions and fluctuating raw material costs.
What applications are driving growth within the UK Variable Frequency Drive Market?
Key applications include industrial automation, HVAC systems, and public utilities.
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