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Global Marine VFD Market Size study, by Type (AC Drive, DC Drive), by Voltage (Low Voltage, Medium Voltage), by Application (Pump, Fan, Compressor, Propeller, With Shaft Generator, Without Shaft Generator, Crane & Hoist), and Regional Forecasts 2021-2027

October 2021 | 200 pages | ID: G7C4267A6A6DEN
Bizwit Research & Consulting LLP

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Global marine VFD market is valued approximately at USD 758.5 million in 2020 and is anticipated to grow with a healthy growth rate of about 6.0% over the forecast period 2021-2027. Variable Frequency Drive (VFD) refers to a type of motor controller that is used to drive electric motor by changing the voltage and frequency supplied to the electric motor. VFDs are used in the marine sector in thrusters, propulsion systems, pumps, deck machinery, HVAC systems, deck cranes and others. The global marine VFD market is being driven by growth in shipbuilding industry owing to increase in maritime activities and implementation of remote monitoring in VFDs. Furthermore, increasing demand for integration of internet of things with marine VFDs will provide new opportunities for the global marine VFD industry. In addition, market players across the globe are strengthening their position in the global market by undertaking a range of strategic initiatives. For instance, in 2021, ABB received a contract from the Astilleros Gondбn (Spanish shipbuilder) for the supply of an all-electric power solution for a ship fleet of urban passenger ferries which will operate on Lisbon’s Tagus River. Also, in 2020, Arctic and Offshore Patrol Ships (HMCS Harry DeWolf) were delivered to Royal Canadian Navy. High-voltage electric power system and electric propulsion drivetrains were designed by the GE’s Power Conversion business. Such strategic initiatives taken by the market players is expected to increase the demand and adoption of marine VFDs among consumers and hence, have a positive impact on the growth of global marine VFD market during the forecast period. However, increased maintenance cost of systems after VFD implementation them may impede market growth over the forecast period of 2021-2027.

The regional analysis of the global marine VFD market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World. Asia Pacific accounts for the largest share in terms of market revenue in the global marine VFD market over the forecast period 2021-2027. Factors such as increase in the demand for energy efficiency, growth in shipbuilding industry across the region, growth in defense budgets, etc. contribute towards the largest market share of the region in the forecast years.

Major market player included in this report are:
General Electric
Danfoss
Siemens
Rockwell Automation
ABB
C G Power And Industrial Solutions
Mitsubishi Electric
WEG
Yaskawa
Parker Hannifin

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type:
AC Drive
DC Drive
By Voltage:
Low Voltage
Medium Voltage
By Application:
Pump
Fan
Compressor
Propeller
With Shaft Generator
Without Shaft Generator
Crane & Hoist
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019
Base year – 2020
Forecast period – 2021 to 2027.

Target Audience of the Global Marine VFD Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors
CHAPTER 1. EXECUTIVE SUMMARY

1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2027 (USD Billion)
  1.2.1. Marine VFD Market, by Region, 2019-2027 (USD Billion)
  1.2.2. Marine VFD Market, by Type, 2019-2027 (USD Billion)
  1.2.3. Marine VFD Market, by Voltage, 2019-2027 (USD Billion)
  1.2.4. Marine VFD Market, by Application, 2019-2027 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

CHAPTER 2. GLOBAL MARINE VFD MARKET DEFINITION AND SCOPE

2.1. Objective of the Study
2.2. Market Definition & Scope
  2.2.1. Scope of the Study
  2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates

CHAPTER 3. GLOBAL MARINE VFD MARKET DYNAMICS

3.1. Marine VFD Market Impact Analysis (2019-2027)
  3.1.1. Market Drivers
    3.1.1.1. Growth in shipbuilding industry owing to increase in maritime activities
    3.1.1.2. Implementation of remote monitoring in VFDs
  3.1.2. Market Restraint
    3.1.2.1. Increased maintenance cost of systems after VFD implementation
  3.1.3. Market Opportunities
    3.1.3.1. Increasing demand for IoT integration with marine VFDs

CHAPTER 4. GLOBAL MARINE VFD MARKET INDUSTRY ANALYSIS

4.1. Porter’s 5 Force Model
  4.1.1. Bargaining Power of Suppliers
  4.1.2. Bargaining Power of Buyers
  4.1.3. Threat of New Entrants
  4.1.4. Threat of Substitutes
  4.1.5. Competitive Rivalry
  4.1.6. Futuristic Approach to Porter’s 5 Force Model (2018-2027)
4.2. PEST Analysis
  4.2.1. Political
  4.2.2. Economical
  4.2.3. Social
  4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion

CHAPTER 5. GLOBAL MARINE VFD MARKET, BY TYPE

a. Market Snapshot
5.1. Global Marine VFD Market by Type, Performance - Potential Analysis
5.2. Global Marine VFD Market Estimates & Forecasts by Type 2018-2027 (USD Billion)
5.3. Marine VFD Market, Sub Segment Analysis
  5.3.1. AC Drive
  5.3.2. DC Drive

CHAPTER 6. GLOBAL MARINE VFD MARKET, BY VOLTAGE

b. Market Snapshot
6.1. Global Marine VFD Market by Voltage, Performance - Potential Analysis
6.2. Global Marine VFD Market Estimates & Forecasts by Voltage 2018-2027 (USD Billion)
6.3. Marine VFD Market, Sub Segment Analysis
  6.3.1. Low Voltage
  6.3.2. Medium Voltage

CHAPTER 7. GLOBAL MARINE VFD MARKET, BY APPLICATION

c. Market Snapshot
7.1. Global Marine VFD Market by Application, Performance - Potential Analysis
7.2. Global Marine VFD Market Estimates & Forecasts by Application 2018-2027 (USD Billion)
7.3. Marine VFD Market, Sub Segment Analysis
  7.3.1. Pump
  7.3.2. Fan
  7.3.3. Compressor
  7.3.4. Propeller
  7.3.5. With Shaft Generator
  7.3.6. Without Shaft Generator
  7.3.7. Crane & Hoist

CHAPTER 8. GLOBAL MARINE VFD MARKET, REGIONAL ANALYSIS

8.1. Marine VFD Market, Regional Market Snapshot
8.2. North America Marine VFD Market
  8.2.1. U.S. Marine VFD Market
    8.2.1.1. Type breakdown estimates & forecasts, 2018-2027
    8.2.1.2. Voltage breakdown estimates & forecasts, 2018-2027
    8.2.1.3. Application breakdown estimates & forecasts, 2018-2027
  8.2.2. Canada Marine VFD Market
8.3. Europe Marine VFD Market Snapshot
  8.3.1. U.K. Marine VFD Market
  8.3.2. Germany Marine VFD Market
  8.3.3. France Marine VFD Market
  8.3.4. Spain Marine VFD Market
  8.3.5. Italy Marine VFD Market
  8.3.6. Rest of Europe Marine VFD Market
8.4. Asia-Pacific Marine VFD Market Snapshot
  8.4.1. China Marine VFD Market
  8.4.2. India Marine VFD Market
  8.4.3. Japan Marine VFD Market
  8.4.4. Australia Marine VFD Market
  8.4.5. South Korea Marine VFD Market
  8.4.6. Rest of Asia Pacific Marine VFD Market
8.5. Latin America Marine VFD Market Snapshot
  8.5.1. Brazil Marine VFD Market
  8.5.2. Mexico Marine VFD Market
8.6. Rest of The World Marine VFD Market

CHAPTER 9. COMPETITIVE INTELLIGENCE

9.1. Top Market Strategies
9.2. Company Profiles
  9.2.1. General Electric
    9.2.1.1. Key Information
    9.2.1.2. Overview
    9.2.1.3. Financial (Subject to Data Availability)
    9.2.1.4. Product Summary
    9.2.1.5. Recent Developments
  9.2.2. Danfoss
  9.2.3. Siemens
  9.2.4. Rockwell Automation
  9.2.5. ABB
  9.2.6. C G Power And Industrial Solutions
  9.2.7. Mitsubishi Electric
  9.2.8. WEG
  9.2.9. Yaskawa
  9.2.10. Parker Hannifin

CHAPTER 10. RESEARCH PROCESS

10.1. Research Process
  10.1.1. Data Mining
  10.1.2. Analysis
  10.1.3. Market Estimation
  10.1.4. Validation
  10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

LIST OF TABLES

TABLE 2. Global Marine VFD Market, report scope
TABLE 3. Global Marine VFD Market estimates & forecasts by region 2018-2027 (USD Billion)
TABLE 4. Global Marine VFD Market estimates & forecasts by Type 2018-2027 (USD Billion)
TABLE 5. Global Marine VFD Market estimates & forecasts by Voltage 2018-2027 (USD Billion)
TABLE 6. Global Marine VFD Market estimates & forecasts by Application 2018-2027 (USD Billion)
TABLE 7. Global Marine VFD Market by segment, estimates & forecasts, 2018-2027 (USD Billion)
TABLE 8. Global Marine VFD Market by region, estimates & forecasts, 2018-2027 (USD Billion)
TABLE 9. Global Marine VFD Market by segment, estimates & forecasts, 2018-2027 (USD Billion)
TABLE 10. Global Marine VFD Market by region, estimates & forecasts, 2018-2027 (USD Billion)
TABLE 11. Global Marine VFD Market by segment, estimates & forecasts, 2018-2027 (USD Billion)
TABLE 12. Global Marine VFD Market by region, estimates & forecasts, 2018-2027 (USD Billion)
TABLE 13. Global Marine VFD Market by segment, estimates & forecasts, 2018-2027 (USD Billion)
TABLE 14. Global Marine VFD Market by region, estimates & forecasts, 2018-2027 (USD Billion)
TABLE 15. Global Marine VFD Market by segment, estimates & forecasts, 2018-2027 (USD Billion)
TABLE 16. Global Marine VFD Market by region, estimates & forecasts, 2018-2027 (USD Billion)
TABLE 17. Global Marine VFD Market by segment, estimates & forecasts, 2018-2027 (USD Billion)
TABLE 18. Global Marine VFD Market by region, estimates & forecasts, 2018-2027 (USD Billion)
TABLE 19. Global Marine VFD Market by segment, estimates & forecasts, 2018-2027 (USD Billion)
TABLE 20. Global Marine VFD Market by region, estimates & forecasts, 2018-2027 (USD Billion)
TABLE 21. Global Marine VFD Market by segment, estimates & forecasts, 2018-2027 (USD Billion)
TABLE 22. Global Marine VFD Market by region, estimates & forecasts, 2018-2027 (USD Billion)
TABLE 23. U.S. Marine VFD Market estimates & forecasts, 2018-2027 (USD Billion)
TABLE 24. U.S. Marine VFD Market estimates & forecasts by segment 2018-2027 (USD Billion)
TABLE 25. U.S. Marine VFD Market estimates & forecasts by segment 2018-2027 (USD Billion)
TABLE 26. Canada Marine VFD Market estimates & forecasts, 2018-2027 (USD Billion)
TABLE 27. Canada Marine VFD Market estimates & forecasts by segment 2018-2027 (USD Billion)
TABLE 28. Canada Marine VFD Market estimates & forecasts by segment 2018-2027 (USD Billion)
TABLE 29. UK Marine VFD Market estimates & forecasts, 2018-2027 (USD Billion)
TABLE 30. UK Marine VFD Market estimates & forecasts by segment 2018-2027 (USD Billion)
TABLE 31. UK Marine VFD Market estimates & forecasts by segment 2018-2027 (USD Billion)
TABLE 32. Germany Marine VFD Market estimates & forecasts, 2018-2027 (USD Billion)
TABLE 33. Germany Marine VFD Market estimates & forecasts by segment 2018-2027 (USD Billion)
TABLE 34. Germany Marine VFD Market estimates & forecasts by segment 2018-2027 (USD Billion)
TABLE 35. France Marine VFD Market estimates & forecasts, 2018-2027 (USD Billion)
TABLE 36. France Marine VFD Market estimates & forecasts by segment 2018-2027 (USD Billion)
TABLE 37. France Marine VFD Market estimates & forecasts by segment 2018-2027 (USD Billion)
TABLE 38. Spain Marine VFD Market estimates & forecasts, 2018-2027 (USD Billion)
TABLE 39. Spain Marine VFD Market estimates & forecasts by segment 2018-2027 (USD Billion)
TABLE 40. Spain Marine VFD Market estimates & forecasts by segment 2018-2027 (USD Billion)
TABLE 41. Italy Marine VFD Market estimates & forecasts, 2018-2027 (USD Billion)
TABLE 42. Italy Marine VFD Market estimates & forecasts by segment 2018-2027 (USD Billion)
TABLE 43. Italy Marine VFD Market estimates & forecasts by segment 2018-2027 (USD Billion)
TABLE 44. ROE Marine VFD Market estimates & forecasts, 2018-2027 (USD Billion)
TABLE 45. ROE Marine VFD Market estimates & forecasts by segment 2018-2027 (USD Billion)
TABLE 46. ROE Marine VFD Market estimates & forecasts by segment 2018-2027 (USD Billion)
TABLE 47. China Marine VFD Market estimates & forecasts, 2018-2027 (USD Billion)
TABLE 48. China Marine VFD Market estimates & forecasts by segment 2018-2027 (USD Billion)
TABLE 49. China Marine VFD Market estimates & forecasts by segment 2018-2027 (USD Billion)
TABLE 50. India Marine VFD Market estimates & forecasts, 2018-2027 (USD Billion)
TABLE 51. India Marine VFD Market estimates & forecasts by segment 2018-2027 (USD Billion)
TABLE 52. India Marine VFD Market estimates & forecasts by segment 2018-2027 (USD Billion)
TABLE 53. Japan Marine VFD Market estimates & forecasts, 2018-2027 (USD Billion)
TABLE 54. Japan Marine VFD Market estimates & forecasts by segment 2018-2027 (USD Billion)
TABLE 55. Japan Marine VFD Market estimates & forecasts by segment 2018-2027 (USD Billion)
TABLE 56. Australia Marine VFD Market estimates & forecasts, 2018-2027 (USD Billion)
TABLE 57. Australia Marine VFD Market estimates & forecasts by segment 2018-2027 (USD Billion)
TABLE 58. Australia Marine VFD Market estimates & forecasts by segment 2018-2027 (USD Billion)
TABLE 59. South Korea Marine VFD Market estimates & forecasts, 2018-2027 (USD Billion)
TABLE 60. South Korea Marine VFD Market estimates & forecasts by segment 2018-2027 (USD Billion)
TABLE 61. South Korea Marine VFD Market estimates & forecasts by segment 2018-2027 (USD Billion)
TABLE 62. ROPAC Marine VFD Market estimates & forecasts, 2018-2027 (USD Billion)
TABLE 63. ROPAC Marine VFD Market estimates & forecasts by segment 2018-2027 (USD Billion)
TABLE 64. ROPAC Marine VFD Market estimates & forecasts by segment 2018-2027 (USD Billion)
TABLE 65. Brazil Marine VFD Market estimates & forecasts, 2018-2027 (USD Billion)
TABLE 66. Brazil Marine VFD Market estimates & forecasts by segment 2018-2027 (USD Billion)
TABLE 67. Brazil Marine VFD Market estimates & forecasts by segment 2018-2027 (USD Billion)
TABLE 68. Mexico Marine VFD Market estimates & forecasts, 2018-2027 (USD Billion)
TABLE 69. Mexico Marine VFD Market estimates & forecasts by segment 2018-2027 (USD Billion)
TABLE 70. Mexico Marine VFD Market estimates & forecasts by segment 2018-2027 (USD Billion)
TABLE 71. ROLA Marine VFD Market estimates & forecasts, 2018-2027 (USD Billion)
TABLE 72. ROLA Marine VFD Market estimates & forecasts by segment 2018-2027 (USD Billion)
TABLE 73. ROLA Marine VFD Market estimates & forecasts by segment 2018-2027 (USD Billion)
TABLE 74. ROW Marine VFD Market estimates & forecasts, 2018-2027 (USD Billion)
TABLE 75. ROW Marine VFD Market estimates & forecasts by segment 2018-2027 (USD Billion)
TABLE 76. ROW Marine VFD Market estimates & forecasts by segment 2018-2027 (USD Billion)
TABLE 77. List of secondary sources used in the study of global Marine VFD Market.
TABLE 78. List of primary sources used in the study of global Marine VFD Market.
TABLE 79. Years considered for the study.
TABLE 80. Exchange rates considered.

LIST OF FIGURES

FIG 1. Global Marine VFD Market, research methodology
FIG 2. Global Marine VFD Market, market estimation techniques
FIG 3. Global market size estimates & forecast methods
FIG 4. Global Marine VFD Market, key trends 2020
FIG 5. Global Marine VFD Market, growth prospects 2021-2027
FIG 6. Global Marine VFD Market, porters 5 force model
FIG 7. Global Marine VFD Market, pest analysis
FIG 8. Global Marine VFD Market, value chain analysis
FIG 9. Global Marine VFD Market by segment, 2018 & 2027 (USD Billion)
FIG 10. Global Marine VFD Market by segment, 2018 & 2027 (USD Billion)
FIG 11. Global Marine VFD Market by segment, 2018 & 2027 (USD Billion)
FIG 12. Global Marine VFD Market by segment, 2018 & 2027 (USD Billion)
FIG 13. Global Marine VFD Market by segment, 2018 & 2027 (USD Billion)
FIG 14. Global Marine VFD Market by segment, 2018 & 2027 (USD Billion)
FIG 15. Global Marine VFD Market by segment, 2018 & 2027 (USD Billion)
FIG 16. Global Marine VFD Market by segment, 2018 & 2027 (USD Billion)
FIG 17. Global Marine VFD Market, regional snapshot 2018 & 2027
FIG 18. North America Marine VFD Market2018 & 2027 (USD Billion)
FIG 19. Europe Marine VFD Market2018 & 2027 (USD Billion)
FIG 20. Asia-Pacific Marine VFD Market2018 & 2027 (USD Billion)
FIG 21. Latin America Marine VFD Market2018 & 2027 (USD Billion)
FIG 22. Global Marine VFD Market, company market share analysis (2020)


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