Europe Marine Variable Frequency Drive (VFD) Market, Global Outlook and Forecast 2025-2032- 24 Market Research

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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.

This report 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.

This report 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). This report 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.

1 Market Overview

1.1 Product Overview and Scope of Marine Variable Frequency Drive (VFD)

1.2 Segment by Type

1.2.1 Europe Market Size YoY Growth Rate Analysis by Type: 2023 VS 2030

1.2.2 AC Drive

1.2.3 DC Drive

1.3 Segment by Application

1.3.1 Europe Market Size YoY Growth Rate Analysis by Application: 2023 VS 2030

1.3.2   Marine Pump

1.3.3   Marine Fan

1.3.4   Marine Compressor

1.3.5   Marine Propulsion/Thruster

1.3.6   Marine Crane & Hoist

1.4 Europe Market Growth Prospects

1.4.1 Europe Revenue Estimates and Forecasts (2019-2030)

1.4.2 Europe Production Estimates and Forecasts (2019-2030)

2 Europe Growth Trends

2.1 Industry Trends

2.1.1 SWOT Analysis

2.1.2 PESTEL Analysis

2.1.3 Porter’s Five Forces Analysis

2.2 Potential Market and Growth Potential Analysis

3 Market Competition by Manufacturers

3.1 Europe Production by Manufacturers (2019-2023)

3.2 Europe Revenue Market Share by Manufacturers (2019-2023)

3.3 Market Share by Company Type (Tier 1, Tier 2, and Tier 3)

3.4 Europe Average Price by Manufacturers (2019-2023)

3.5 Manufacturers Production Sites, Area Served, Product Type

3.6 Market Competitive Situation and Trends

3.6.1 Market Concentration Rate

3.6.2 Europe 5 and 10 Largest Players Market Share by Revenue

3.6.3 Mergers & Acquisitions, Expansion

4 Production by Region

4.1 Europe Production

4.1.1 Europe Production YoY Growth Rate (2019-2023)

4.1.2 Europe Production, Revenue, Price and Gross Margin (2019-2025)

5 Consumption by Region

5.1 Europe

5.1.1 Europe Consumption by Country

5.1.2 Europe Sales, Consumption, Export, Import (2019-2023)

5.1.1 Germany

5.2.2 United Kingdom

5.3.3 France

5.4.4 Italy

5.5.5 Spain

5.6.6 Netherlands

5.7.7 Belgium

6 Segment by Type

6.1 Europe Production Market Share by Type (2019-2025)

6.2 Europe Revenue Market Share by Type (2019-2025)

6.3 Europe Price by Type (2019-2025)

7 Segment by Application

7.1 Europe Production Market Share by Application (2019-2025)

7.2 Europe Revenue Market Share by Application (2019-2025)

7.3 Europe Price by Application (2019-2025)

8 Key Companies Profiled

8.1 ABB Ltd.

8.1.1 ABB Ltd. Corporation Information

8.1.2 ABB Ltd. Product Portfolio

8.1.3 ABB Ltd. Production Capacity, Revenue, Price and Gross Margin (2019-2025)

8.1.4 ABB Ltd. Main Business and Markets Served

8.1.5 ABB Ltd. Recent Developments/Updates

8.2 Siemens AG

8.2.1 Siemens AG Corporation Information

8.2.2 Siemens AG Product Portfolio

8.2.3 Siemens AG Production Capacity, Revenue, Price and Gross Margin (2019-2025)

8.2.4 Siemens AG Main Business and Markets Served

8.2.5 Siemens AG Recent Developments/Updates

8.3 Schneider Electric

8.3.1 Schneider Electric Corporation Information

8.3.2 Schneider Electric Product Portfolio

8.3.3 Schneider Electric Production Capacity, Revenue, Price and Gross Margin (2019-2025)

8.3.4 Schneider Electric Main Business and Markets Served

8.3.5 Schneider Electric Recent Developments/Updates

8.4 Danfoss

8.4.1 Danfoss Corporation Information

8.4.2 Danfoss Product Portfolio

8.4.3 Danfoss Production Capacity, Revenue, Price and Gross Margin (2019-2025)

8.4.4 Danfoss Main Business and Markets Served

8.4.5 Danfoss Recent Developments/Updates

8.5 Rockwell Automation

8.5.1 Rockwell Automation Corporation Information

8.5.2 Rockwell Automation Product Portfolio

8.5.3 Rockwell Automation Production Capacity, Revenue, Price and Gross Margin (2019-2025)

8.5.4 Rockwell Automation Main Business and Markets Served

8.5.5 Rockwell Automation Recent Developments/Updates

8.6 WEG

8.6.1 WEG Corporation Information

8.6.2 WEG Product Portfolio

8.6.3 WEG Production Capacity, Revenue, Price and Gross Margin (2019-2025)

8.6.4 WEG Main Business and Markets Served

8.6.5 WEG Recent Developments/Updates

8.7 Yaskawa Electric

8.7.1 Yaskawa Electric Corporation Information

8.7.2 Yaskawa Electric Production Capacity, Revenue, Price and Gross Margin (2019-2025)

8.7.3 Yaskawa Electric Main Business and Markets Served

8.7.4 Yaskawa Electric Recent Developments/Updates

8.8 Eaton Corporation

8.8.1 Eaton Corporation Corporation Information

8.8.2 Eaton Corporation Product Portfolio

8.8.3 Eaton Corporation Production Capacity, Revenue, Price and Gross Margin (2019-2025)

8.8.4 Eaton Corporation Main Business and Markets Served

8.8.5 Eaton Corporation Recent Developments/Updates

8.9 Invertek Drives

8.9.1 Invertek Drives Corporation Information

8.9.2 Invertek Drives Product Portfolio

8.9.3 Invertek Drives Production Capacity, Revenue, Price and Gross Margin (2019-2025)

8.9.4 Invertek Drives Main Business and Markets Served

8.9.5 Invertek Drives Recent Developments/Updates

8.10 CG Power and Industrial Solutions

8.10.1 CG Power and Industrial Solutions Corporation Information

8.10.2 CG Power and Industrial Solutions Product Portfolio

8.10.3 CG Power and Industrial Solutions Production Capacity, Revenue, Price and Gross Margin (2019-2025)

8.10.4 CG Power and Industrial Solutions Main Business and Markets Served

8.10.5 CG Power and Industrial Solutions Recent Developments/Updates

9 Manufacturing Cost Analysis

9.1 Key Raw Materials Analysis

9.1.1 Key Raw Materials

9.1.2 Key Suppliers of Raw Materials

9.2 Proportion of Manufacturing Cost Structure

9.3 Manufacturing Process Analysis of Marine Variable Frequency Drive (VFD)

9.4 Industrial Chain Analysis

10 Marketing Channel, Distributors and Customers

10.1 Marketing Channel

10.2 Distributors List

10.3 Customers

11 Market Dynamics

11.1 Industry Trends

11.2 Market Drivers

11.3 Market Challenges

11.4 Market Restraints

12 Production and Supply Forecast

12.1 Europe Production, Revenue Forecast (2025-2030)

13 Consumption and Demand Forecast

13.1 Europe Forecasted Consumption of by Country

14 Forecast by Type and by Application

14.1 Europe Production, Revenue and Price Forecast by Type (2025-2030)

14.1.1 Europe Forecasted Production of by Type (2025-2030)

14.1.2 Europe Forecasted Revenue of by Type (2025-2030)

14.1.3 Europe Forecasted Price of by Type (2025-2030)

14.2 Europe Production, Revenue and Price Forecast by Application (2025-2030)

14.2.1 Europe Forecasted Production of by Application (2025-2030)

14.2.2 Europe Forecasted Revenue of by Application (2025-2030)

14.2.3 Europe Forecasted Price of by Application (2025-2030)

15 Research Findings and Conclusion

16 Methodology and Data Source

16.1 Methodology/Research Approach

16.1.1 Research Programs/Design

16.1.2 Market Size Estimation

16.1.3 Market Breakdown and Data Triangulation

16.2 Data Source

16.2.1 Secondary Sources

16.2.2 Primary Sources

16.3 Author List

16.4 Disclaimer

17 Appendix

17.1 Note

17.2 Examples of Clients

LIST OF TABLES & FIGURES

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