Marine Variable Frequency Drive market

Europe Marine Variable Frequency Drive (VFD) Market, Global Outlook and Forecast 2025-2032

  • 02 January 2025
  • Machines
  • 205 Pages
  • Report code : PMR-8026254

  • 4.7 (158)

Marine Variable Frequency Drive Market

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Report Includes

The Europe Marine Variable Frequency Drive (VFD) market size was valued at US$ 1.20 billion in 2024 and is projected to reach US$ 1.68 billion by 2030, at a CAGR of 4.3% during the forecast period 2024-2030.

Marine Variable Frequency Drive Market is an essential reference for who looks for detailed information on Europe Marine Variable Frequency Drive (VFD). The report covers data on Europe markets including historical and future trends for supply, market size, prices, trading, competition and value chain as well as Europe major vendors¡¯ information. In addition to the data part, the report also provides overview of Marine Variable Frequency Drive (VFD), including classification, application, manufacturing technology, industry chain analysis and latest market dynamics. Finally, a customization report in order to meet user's requirements is also available.

Marine Variable Frequency Drive Market aims to provide a comprehensive presentation of the Europe Marine Variable Frequency Drive (VFD), with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Marine Variable Frequency Drive (VFD). Marine Variable Frequency Drive Market contains market size and forecasts of Marine Variable Frequency Drive (VFD) in Europe, including the following market information:

We surveyed the Marine Variable Frequency Drive (VFD) manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.

Total Market by Segment:

by Country

  • Germany
  • United Kingdom
  • France
  • Italy
  • Spain
  • Netherlands
  • Belgium

by Products type:

  • AC Drive
  • DC Drive

by Application:

  • Marine Pump
  • Marine Fan
  • Marine Compressor
  • Marine Propulsion/Thruster
  • Marine Crane & Hoist

key players include: 

  • ABB Ltd.
  • Siemens AG
  • Schneider Electric
  • Danfoss
  • Rockwell Automation
  • WEG
  • Yaskawa Electric
  • Eaton Corporation
  • Invertek Drives
  • CG Power and Industrial Solutions
  • Including or excluding key companies relevant to your analysis.

Competitor Analysis

  • The report also provides analysis of leading market participants including:
  • Key companies Marine Variable Frequency Drive (VFD) revenues in Europe market, 2019-2025 (Estimated), ($ millions)
  • Key companies Marine Variable Frequency Drive (VFD) revenues share in Europe market, 2023 (%)
  • Key companies Marine Variable Frequency Drive (VFD) sales in Europe market, 2019-2025 (Estimated),
  • Key companies Marine Variable Frequency Drive (VFD) sales share in Europe market, 2023 (%)

FAQs on Europe Marine Variable Frequency Drive (VFD) Market

1. What is the current market size of the Europe Marine Variable Frequency Drive (VFD) market?

The Europe Marine Variable Frequency Drive (VFD) market was valued at US$ 1.20 billion in 2024.

2. What is the projected market size of the Europe Marine Variable Frequency Drive (VFD) market by 2030?

The market is expected to grow to US$ 1.68 billion by 2030, showcasing steady growth over the forecast period.

3. What is the compound annual growth rate (CAGR) of the Europe Marine VFD market from 2024 to 2030?

The market is projected to grow at a CAGR of 4.3% during the forecast period.

4. What are marine variable frequency drives (VFDs), and what are their primary applications?

Marine VFDs are electrical devices used to control the speed and torque of electric motors on ships and marine vessels. Key applications include:

  • Propulsion Systems: Optimizing energy consumption.
  • Pumps and Fans: Regulating fluid and air flow.
  • Winches and Cranes: Enhancing operational efficiency.
  • HVAC Systems: Improving energy efficiency on board.

5. What factors are driving the growth of the Europe Marine VFD market?

Key growth drivers include:

  • Increasing focus on energy efficiency and fuel savings in marine operations.
  • Rising adoption of environmentally friendly technologies to reduce emissions.
  • Growing maritime trade and the need for modern, efficient vessels.
Key Points of this Report:
  • The depth industry chain includes analysis value chain analysis, porter five forces model analysis and cost structure analysis
  • The report covers Europe and country-wise market of Marine Variable Frequency Drive (VFD)
  • It describes present situation, historical background and future forecast
  • Comprehensive data showing Marine Variable Frequency Drive (VFD) capacities, production, consumption, trade statistics, and prices in the recent years are provided
  • The report indicates a wealth of information on Marine Variable Frequency Drive (VFD) manufacturers
  • Marine Variable Frequency Drive (VFD) forecast for next five years, including market volumes and prices is also provided
  • Raw Material Supply and Downstream Consumer Information is also included
  • Any other user's requirements which is feasible for us
Reasons to Purchase this Report:
  • Analyzing the outlook of the market with the recent trends and SWOT analysis
  • Market dynamics scenario, along with growth opportunities of the market in the years to come
  • Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and non-economic aspects
  • Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
  • Market value (USD Million) and volume (Units Million) data for each segment and sub-segment
  • Distribution Channel sales Analysis by Value
  • Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • 1-year analyst support, along with the data support in excel format.

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