Image

Spain Variable Frequency Drive Market – Industry Trends and Forecast to 2030

Semiconductors and Electronics

Image

Spain Variable Frequency Drive Market – Industry Trends and Forecast to 2030

  • Semiconductors and Electronics
  • Upcoming Report
  • Jun 2023
  • Country Level
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Spain Variable Frequency Drive Market – Industry Trends and Forecast to 2030

Market Size in USD Billion

CAGR :  % Diagram

Diagram Forecast Period 2021–2030
Diagram Market Size (Base Year) USD 20,700.00 USD million
Diagram Market Size (Forecast Year) USD 28,900.00 USD million
Diagram CAGR %

Major Markets Players

  • Dummy1
  • Dummy2
  • Dummy3
  • Dummy4
  • Dummy5

Spain Variable Frequency Drive Market, By Type (AC Drive, DC Drive, and Servo Drive), Voltage (Medium Voltage (>690V) and Low Voltage (Up to 690V)), Application (Pumps, Fans, Compressor, Conveyors, Extruders, and Others), Power Range (0-0.5KW, 0.5-20KW, 20KW-50KW, and 50-200KW), End-User (Oil & Gas, Power Generation, HVAC Industry, Infrastructure, Agriculture, Automotive, Food & Beverages, and Others) - Industry Trends and Forecast to 2030.

Spain Variable Frequency Drive Market Analysis and Size

The Spain variable frequency drive market is segmented on the basis of type, voltage, application, power range, and end user. The growth among segments helps you to analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.

Data Bridge Market Research analyzes that the Spain variable frequency drive market which was USD 20,700 million in 2021, would rocket up to USD 28,900 million by 2030, and is expected to undergo a CAGR of 4.8% during the forecast period. This indicates the market value. “AC Drive” dominates the type segment of the Spain variable frequency drive market due to AC drives, also known as variable speed drives (VSDs), being widely recognized for their energy-saving capabilities. They allow for precise control of motor speed, enabling optimal matching of motor output to the required load, resulting in reduced energy consumption. Given the increasing emphasis on energy efficiency and sustainability, the AC drive segment's dominance in Spain could be driven by the strong demand for energy-efficient solutions across various industries. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

Spain Variable Frequency Drive Market Scope and Segmentation

Report Metric

Details

Forecast Period

2023 to 2030

Base Year

2022

Historic Years

2021

Quantitative Units

Revenue in USD Million, Volumes in Units, Pricing in USD

Segments Covered

By Type (AC Drive, DC Drive, and Servo Drive), Voltage (Medium Voltage (>690V) and Low Voltage (Up to 690V)), Application (Pumps, Fans, Compressor, Conveyors, Extruders, and Others), Power Range (0-0.5KW, 0.5-20KW, 20KW-50KW, and 50-200KW), End-User (Oil & Gas, Power Generation, HVAC Industry, Infrastructure, Agriculture, Automotive, Food & Beverages, and Others)

Countries Covered

Spain

Market Players Covered

ABB (Switzerland), Siemens (Germany), Schneider Electric (France), Danfoss A/S (Denmark), Mitsubishi Electric Corporation (Japan), Rockwel Automation,Inc. (U.S.), YASKAWA ELECTRIC CORPORATION(Japan), Fuji Electric Co.(Japan), Eaton (Ireland), Hitachi Energy Ltd.(Japan), WEG (Brazil),Toshiba India Privated Limited (Japan), Bonfiglioli (Spain)

Market Opportunities

  • Growing Industrial Automation
  • Advancements In Automotive Industry
  • Rising Healthcare and Pharmaceutical Sector

Market Definition

The variable frequency drive (VFD) market in Spain refers to the market for electronic devices used to control the speed and torque of electric motors by varying the frequency and voltage of the power supplied to the motor. VFDs, also known as variable speed drives (VSDs) or adjustable frequency drives (AFDs), are used in various industries and applications to optimize energy consumption, improve process control, and enhance system performance. The Spain VFD market involves the manufacturing, distribution, and sales of VFDs for a wide range of applications, including industrial automation, HVAC systems, water and wastewater treatment, renewable energy systems, and more. VFDs are designed to enhance energy efficiency, reduce operating costs, and provide precise control over motor speed and torque, offering benefits such as energy savings, improved productivity, and reduced maintenance requirements.

Spain Variable Frequency Drive Market Dynamics

Drivers

  • Energy Efficiency Initiatives

Spain has been emphasizing energy efficiency and sustainability to reduce carbon emissions and promote renewable energy sources. The adoption of VFDs enables energy savings by controlling motor speed and reducing power consumption. Position VFDs as a key component in energy-efficient solutions and highlight their potential for cost savings and environmental benefits.

  • Rising Industrial Automation and Modernization

Spain's industrial sector, including manufacturing and process industries, can benefit from VFDs in terms of improved process control, energy optimization, and enhanced productivity. Emphasize the advantages of VFDs in industrial automation, retrofitting existing systems, and the benefits of upgrading to modern motor control technology.

  • Customer Education and Awareness

In Spain, there is a conduction of awareness campaigns, seminars, and training programs to educate customers about the benefits of VFDs, their applications, and potential cost savings. Help customers understand the return on investment and long-term benefits associated with adopting VFD technology.

Opportunities

  • Industrial Sector Modernization

Spain's industrial sector is continuously evolving, and there is a growing need for modernization and optimization of manufacturing processes. VFDs offer energy-efficient motor control, precise speed control, and improved process automation. The opportunity lies in promoting VFDs as a solution for industrial modernization, enhancing productivity, reducing energy consumption, and optimizing manufacturing operations.

Restraints

  • High Initial Investment

The initial cost of VFDs can be relatively high compared to traditional motor control systems. This can pose a restraint, particularly for small and medium-sized businesses that may have budget constraints or difficulty justifying the upfront investment. Educating potential customers about the long-term cost savings and benefits of VFDs can help mitigate this restraint.

Challenges

  • Technical Complexity

VFDs involve sophisticated technology and control algorithms. Integrating VFDs into existing systems and ensuring proper functionality and performance requires expertise and technical knowledge. The complexity can pose a challenge for end-users who may lack the necessary technical expertise or resources to implement VFDs effectively. Offering comprehensive technical support, training programs, and simplified installation processes can help overcome these challenges.

This Spain variable frequency drive market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the variable frequency drive market contact Data Bridge Market Research for an Analyst Brief, our team will help you make an informed market decision to achieve market growth.

Recent Development

  • In October 2020, ABB Cylon formed a strategic partnership with ABB HVAC to provide advanced solutions to channel partners, enabling the distribution of variable frequency drives (VFDs) through the ABB Cylon Control marketplace. This collaboration facilitates the integration of VFDs into commercial buildings, offering simplified purchasing processes and warranty support, ultimately driving efficiency, sustainability, and safety in the industry
  • In September 2016, Siemens and  Kongsberg Maritime entered into a partnership agreement to deliver Variable Frequency Drives (VFDs) components for offshore and maritime vessels. The collaboration enhances Siemens energy solutions and integrated vessel concept strategies, enabling them to meet global demand for energy management applications while strengthening their position in the marine markets through the development of 'K-Power' products for VFDs. This partnership with Kongsberg Maritime plays a crucial role in the company’s growth strategies and expands its scope of supply to owner and yard customers.

Spain Variable Frequency Drive Market Scope

The Spain variable frequency drive market is segmented on the basis of type, voltage, application, power range, and end user. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

  • AC Drive
  • DC Drive
  • Servo Drive

Voltage

  • Medium Voltage (>690V)
  • Low Voltage (Up to 690V)

Application

  • Pumps
  • Fans
  • Compressor
  • Conveyors
  • Extruders
  • Others

Power Range

  • 0-0.5KW
  • 0.5-20KW
  • 20KW-50KW
  • 50-200KW

End User

  • Oil & Gas
  • Power Generation
  • HVAC Industry
  • Infrastructure
  • Agriculture
  • Automotive
  • Food & Beverages
  • Others

Spain Variable Frequency Drive Market Country Analysis/Insights

The Spain variable frequency drive market is analysed and market size insights and trends are provided by country, type, voltage, application, power range, and end user, as referenced above.

The country covered in the Spain Variable Frequency Drive market report is Spain.

Spain dominates in the Spain Variable Frequency Drive market because Spain has a significant demand for VFDs in various industries, including manufacturing, energy, HVAC, and infrastructure. The country's industrial sector, in particular, relies on VFDs for energy-efficient motor control and process optimization. The robust domestic demand provides a solid foundation for Spain to dominate its own VFD market.

The country section of the report also provides individual market-impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points like downstream and upstream value chain analysis, technical trends, and Porter’s five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Europe brands and the challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.   

Semiconductor Infrastructure growth Installed base and New Technology Penetration

The Spain variable frequency drive market also provides you with a detailed market analysis for every country’s growth in healthcare expenditure for capital equipment, installed base of different kinds of products for the Spain variable frequency drive market, the impact of technology using lifeline curves, and changes in healthcare regulatory scenarios and their impact on the variable frequency drive market. The data is available for the historic period 2010-2020.

Competitive Landscape and Spain Variable Frequency Drive Market Share Analysis

The Spain variable frequency drive market competitive landscape provides details of competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Europe presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, and application dominance. The above data points provided are only related to the companies' focus related to the Spain variable frequency drive market.

Some of the major players operating in the Spain Variable Frequency Drive market are:

  • ABB (Switzerland)
  • Siemens (Germany)
  • Schneider Electric (France)
  • Danfoss A/S (Denmark)
  • Mitsubishi Electric Corporation (Japan)
  • Rockwell Automation,Inc. (U.S.)
  • YASKAWA ELECTRIC CORPORATION (Japan)
  • Fuji Electric Co.(Japan)
  • Eaton (Ireland)
  • Hitachi Energy Ltd.(Japan)
  • WEG (Brazil)
  • Toshiba India Privated Limited (Japan)
  • Bonfiglioli (Spain)


SKU-

Please fill in the below form for detailed Table of Content

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Please fill in the below form for detailed List of Table

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Please fill in the below form for detailed List of Figure

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Please fill in the below form for Infographics

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Research Methodology:

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Please fill in the below form for Research Methodology

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Customization Available:

Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.

Please fill in the below form for Available Customization

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Get online access to the report on the World's First Market Intelligence Cloud

  • Interactive Data Analysis Dashboard
  • Company Analysis Dashboard for high growth potential opportunities
  • Research Analyst Access for customization & queries
  • Competitor Analysis with Interactive dashboard
  • Latest News, Updates & Trend analysis
  • Harness the Power of Benchmark Analysis for Comprehensive Competitor Tracking
Request for Demo

FREQUENTLY ASK QUESTIONS

The Spain Variable Frequency Drive market value was USD 21,200 million in 2022.
The Spain Variable Frequency Drive market is projected to grow at a CAGR of 4.8% during the forecast period of 2022-2030.
The variable frequency drive (VFD) market in Spain refers to the market for electronic devices used to control the speed and torque of electric motors by varying the frequency and voltage of the power supplied to the motor.
The Spain variable frequency drive market is segmented on the basis of type, voltage, application, power range, and end user.
Data points like downstream and upstream value chain analysis, technical trends, and Porter’s five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries.
Free Sample Report

CHOOSE LICENCE TYPE

  • 4200.00
  • 3500.00
  • 2000.00
  • 5500.00
  • 7500.00

Why Choose Us

Industry Coverage

DBMR works across the globe in multiple industries which equip us with knowledge across verticals and provide our clients with insights not only from their industry but how other industries will impact their ecosystem.

Regional Coverage

Coverage of Data Bridge is not restricted to developed or emerging economies. We work across the globe covering the largest array of countries where no other market research or business consulting firm has ever conducted research; creating growth opportunities for our clients in areas which are still unknown.

Technology Coverage

In today’s world, technology drives the market sentiment, so our vision is to provide our clients insights not only for developed technologies but upcoming and disrupting technological changes throughout the product lifecycle by enabling them with unforeseen opportunities in the market which will create disruption in their industry. This leads to innovation and our clients to come out as winners.

Goal Oriented Solutions

DBMR goal is to help our clients achieve their goals through our solutions; hence we formatively create the most appropriate solutions for our client needs, saving time and efforts for them to drive their grand strategies.

Unparallel Analyst Support

Our analysts take pride in our clients’ success. Unlike others, we believe in working along our clients to achieve their goals with 24 hours analyst support determining the correct needs and inspire innovation through service.

Banner

Client Testimonials