The Oil & Gas Variable Frequency Drives Market was valued at USD 3.57 billion in 2023 and is expected to reach USD 4.94 billion by 2032, growing at a CAGR of 3.71% over the forecast period 2024-2032. The smart VFD and digitalization are transforming the Oil & Gas Variable Frequency Drives (VFD) market on a whole new level. As a result, automation technologies and Industry 4.0 are improving operational efficiency while allowing the collection of timely data for monitoring, prediction, and maintenance. As one of the critical devices in the package, a Smart VFD supports smooth integration into digital ecosystems for energy management and process optimisation. They are becoming more prevalent in both smart grids and power generation applications, which bolsters their position in providing better control, minimizing downtime, and increasing energy savings across oil and gas operations. The USD 105 billion in U.S. upstream oil and gas deals demonstrates significant investment activity. Archer has also indicated that the majority of U.S. oil and gas firms are focused on fully electric rigs, while 31% plan on a transition to partial electrification, and also show a growing focus on energy-efficient technology.
The U.S. Oil & Gas Variable Frequency Drives Market is estimated to be USD 0.96 billion in 2023 and is projected to grow at a CAGR of 3.42%. The U.S. Oil & Gas Variable Frequency Drives (VFD) market is witnessing growth due to high automation and strong energy efficiency regulations supported by the incorporation of Industry 4.0 Technologies.
Key Drivers:
Energy Efficient VFD Adoption Accelerates in Oil and Gas Sector Amid Automation and Infrastructure Modernization
The growth is expected to be driven mainly by oil & gas operators turning towards energy-efficient solutions within upstream, midstream, and downstream activities. Global oil & gas organizations have been continuously looking for ways to reduce their process operational costs, but with the new stringent environmental regulations, most companies are looking to capitalize more on the advantage of VFDs being widely accepted for motor control, better equipment life, and reduction of energy wastage. Furthermore, the increasing automation of drilling and extraction processes, especially at offshore rigs and shale gas fields, is driving up the demand for state-of-the-art VFD systems. The increasing deployment of VFDs in pumps, compressors, and fans also drives the de facto demand for market growth, mainly in regions with old infrastructure that needs modernization.
Restrain:
Legacy System Challenges and Skilled Labor Shortage Hinder VFD Integration in the Oil and Gas Industry
One of the major constraints for the growth of the oil & gas variable frequency drives (VFD) market is the difficulty in retrofitting VFDs into old legacy systems. With a great percentage of oil & gas facilities working with legacy infrastructure, the integration of the latest drive systems is technically complicated. A lengthy preparation phase before adoption is problematic, and delays can be weeks or months, particularly in larger operations, where downtime is detrimental to production. Moreover, a shortage of professionals who know VFD installation, programming, and maintenance is a challenge, especially in distant locations or developing areas where trained personnel and technical support are scarce.
Opportunity:
Smart VFDs and IIoT Integration Unlock New Growth Opportunities Across the Global Oil and Gas Sector
IIoT and predictive maintenance technology integration open up dynamic market opportunities for VFD manufacturers. Smart VFDs are becoming more popular, and these are high-value, newly constructed components that can monitor and analyze data in real-time, especially in critical environments where downtime is expensive. In addition, there is potential growth in markets where investment in oil & gas infrastructure is going up, mainly in the Asia Pacific and Middle East, but also in small pockets elsewhere. Increase in electrification and digital oilfields, which push for offering tailor-made application-specific VFDs. Partnerships between OEMs and automation solution providers may lead to more innovation and adoption in future years.
Challenges:
Harsh Conditions and Cybersecurity Challenges Impact VFD Reliability and Deployment in the Oil and Gas Industry
Extreme environmental conditions in oil & gas operations also affect the VFD performance and reliability & and longevity due to high temperature, high humidity, and availability of corrosive materials. While it is critical, but technically challenging to ensure that drives meet ruggedness and reliability requirements for industry segments. The risk of cyber-nuisance linked to digital network VFDs is an unavoidable concern as the industry transitions to "smart" systems, and remote monitoring is yet another hurdle. This calls for more investments in the form of secure communication protocols and monitoring systems to protect critical infrastructure from being targets for cyber threats. For manufacturers, regulatory compliance and certification activity in various countries and regions may further impede market entry and extend timelines from concept to deployment.
By Voltage
The Oil & Gas Variable Frequency Drives (VFD) market was led by the low voltage segment in 2023, which held a solid market share of 64.4%. It accounts for the vast majority of the market, primarily driven by the low cost of low-voltage VFDs, use in all stages of the oil and gas industry, such as pumps, fans, compressors, etc., and moderate power requirements for upstream and downstream operations. Their energy efficiency, ease of installation, and ease of maintenance aspects also make them a preferred choice in new installations and retrofit projects.
From 2024 to 2032, the medium voltage segment accounted for the largest CAGR. Increasing deployment of favorable midstream operation applications, especially at large power levels, compressor stations, and pipeline operations, is the key industrial application that is all set to drive this growth. With Oil & gas operators in the process of keeping their operations streamlined along with increasing automation, the segregated segment of medium voltage VFD provides a high degree of efficiency, control, and performance for heavy-duty equipment and is anticipated to gain significant growth over the forecast period.
By Drive
In 2023, the Oil & Gas Variable Frequency Drives (VFD) market is dominated by the AC drive segment with a commanding market share of 73.5%. The strong & effective presence is credited to the high adoption of AC drives in oil & gas applications, such as pumps, fans, as well as compressors. AC drives are preferred when it comes to high energy efficiency, lower maintenance, and compatibility with standard motors and are therefore deployed in a large variety of operations in both the upstream and downstream sectors.
The servo drive segment is estimated to register the fastest CAGR from 2024 to 2032. Rapid growth is projected to be led by the growing need for high-accuracy motion control and enhanced automation in key oil & gas operations, including drilling, positioning, and specialized extraction processes. Servo drives provide high precision, fast response, and great efficiency, which suits them to higher-end, high-performance environments. In line with transitioning towards digital oilfield technologies, servo drives are anticipated to witness a substantial increase in the global servo drives market.
By Application
The pump segment of the Oil & Gas Variable Frequency Drives (VFD) market accounted for the largest share in 2023 at 39.4%. Pumps circulate crude oil, water, and other fluids in all oil & gas operations, upstream extraction, downstream refining, or otherwise, and are thus critical assets. VFDs are used in pump applications to improve energy efficiency, reduce mechanical strain, and provide accurate flow control, which is economical, sustainable, reliable, and continuous operation.
The compressor segment is projected to have the highest CAGR during the forecast period (between 2024 and 2032). Compressors are therefore key to midstream and downstream operations, most notably gas transportation and processing. With more natural gas demand worldwide and the infrastructure day-by-day expands, a higher capacity of compression systems is required. The adoption of VFDs in high-performance, mission-critical oil & gas environments is driven by increased control, better energy saving, and decreased wear & tear on compressors.
Regional Analysis
North America led the Oil & Gas Variable Frequency Drives (VFD) market in terms of revenue percentage in 2023, which was 35.4%. This lead was due particularly to its mature oil & gas infrastructure and its widespread adoption of automation and energy-efficient technologies, notably in the U.S. and Canada. Companies like ExxonMobil, Chevron, and Enbridge are currently using it as VFDs to lower emissions and boost efficiency. A direct example is the shift towards VFD operating electric submersible pumps (ESPs) by operators in the Permian Basin to minimize oil-flattening electricity usage. Moreover, an increasing demand for low and medium-voltage VFDs in different applications due to the midstream infrastructure and refinery modernization is another contributing factor driving the market demand.
The Asia Pacific region is estimated to record the fastest CAGR in the period 2024 to 2032, on account of faster industrialization, rising energy demand, and increasing investment in oil & gas infrastructure. Exploration and refining capacity are expanding in countries including China, India, and Indonesia. An instance of this would be the implementation of VFDs in offshore drilling platforms by India-based ONGC to enhance control of operations and reduce wear & tear of mechanical devices. Likewise, China National Petroleum Corporation (CNPC) has incorporated VFD technology across its pipeline networks and processing units for the sake of performance improvements and increased availability.
Some of the major players in the Oil & Gas Variable Frequency Drives Market are:
ABB (ACS880),
Siemens (SINAMICS G120),
Schneider Electric (Altivar Process ATV900),
Rockwell Automation (PowerFlex 755),
General Electric (GE) (AF-6 Series Drive),
Danfoss (VLT AutomationDrive FC 302),
Eaton (PowerXL DG1),
Yaskawa Electric Corporation (GA800 Drive),
Mitsubishi Electric (FR-F800 Series),
Toshiba International Corporation (T300MVi),
WEG Electric Corp. (CFW11),
Hitachi Industrial Equipment Systems (SJ700D),
Fuji Electric (FRENIC-MEGA),
Nidec Control Techniques (Unidrive M700),
LS Electric (LSIS) (iS7 Series VFD).
In April 2025, ABB integrated Samotics' SAM4 Electrical Signature Analysis (ESA) into its ACS880 variable frequency drives, enabling real-time condition monitoring and predictive maintenance.
In April 2024, Rockwell Automation expanded its PowerFlex 6000T medium voltage VFDs to support permanent magnet motors, enhancing efficiency in high-speed applications.
| Report Attributes | Details |
| Market Size in 2023 | USD 3.37 Billion |
| Market Size by 2032 | USD 4.94 Billion |
| CAGR | CAGR of 3.71% From 2024 to 2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Voltage (Low, Medium) • By Drive (AC, DC, Servo) • By Application (Pump, Fan, Conveyor, Compressor, Extruder, Others) |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia, Rest of Latin America) |
| Company Profiles | ABB, Siemens, Schneider Electric, Rockwell Automation, General Electric (GE), Danfoss, Eaton, Yaskawa Electric Corporation, Mitsubishi Electric, Toshiba International Corporation, WEG Electric Corp., Hitachi Industrial Equipment Systems, Fuji Electric, Nidec Control Techniques, LS Electric (LSIS) |
Ans: The Oil & Gas Variable Frequency Drives Market is expected to grow at a CAGR of 3.71% from 2024-2032.
Ans: Oil & Gas Variable Frequency Drives Market size was USD 3.57 billion in 2023 and is expected to Reach USD 4.94 billion by 2032.
Ans: The major growth factor of the Oil & Gas Variable Frequency Drives Market is the increasing demand for energy efficiency and automation in oil and gas operations.
Ans: The Low segment dominated the Oil & Gas Variable Frequency Drives Market in 2023.
Ans: North America dominated the Oil & Gas Variable Frequency Drives Market in 2023.
Table of Content
1. Introduction
1.1 Market Definition
1.2 Scope (Inclusion and Exclusions)
1.3 Research Assumptions
2. Executive Summary
2.1 Market Overview
2.2 Regional Synopsis
2.3 Competitive Summary
3. Research Methodology
3.1 Top-Down Approach
3.2 Bottom-up Approach
3.3. Data Validation
3.4 Primary Interviews
4. Market Dynamics Impact Analysis
4.1 Market Driving Factors Analysis
4.1.1 Drivers
4.1.2 Restraints
4.1.3 Opportunities
4.1.4 Challenges
4.2 PESTLE Analysis
4.3 Porter’s Five Forces Model
5. Statistical Insights and Trends Reporting
5.1 Adoption of Smart VFDs and Digitalization
5.2 Impact of Automation and Digitalization
5.3 Use of VFDs in Smart Grid and Power Generation
5.4 Adoption of Industry 4.0
6. Competitive Landscape
6.1 List of Major Companies, By Region
6.2 Market Share Analysis, By Region
6.3 Product Benchmarking
6.3.1 Product specifications and features
6.3.2 Pricing
6.4 Strategic Initiatives
6.4.1 Marketing and Promotional Activities
6.4.2 Distribution and Supply Chain Strategies
6.4.3 Expansion plans and new product launches
6.4.4 Strategic partnerships and collaborations
6.5 Technological Advancements
6.6 Market Positioning and Branding
7. Oil & Gas Variable Frequency Drives Market Segmentation, By Voltage
7.1 Chapter Overview
7.2 Low
7.2.1 Low Market Trends Analysis (2020-2032)
7.2.2 Low Market Size Estimates and Forecasts to 2032 (USD Billion)
7.3 Medium
7.3.1 Medium Market Trends Analysis (2020-2032)
7.3.2 Medium Market Size Estimates and Forecasts to 2032 (USD Billion)
8. Oil & Gas Variable Frequency Drives Market Segmentation, By Drive
8.1 Chapter Overview
8.2 AC
8.2.1 AC Market Trends Analysis (2020-2032)
8.2.2 AC Market Size Estimates and Forecasts to 2032 (USD Billion)
8.3 DC
8.3.1 DC Market Trends Analysis (2020-2032)
8.3.2 DC Market Size Estimates and Forecasts to 2032 (USD Billion)
8.4 Servo
8.4.1 Servo Market Trends Analysis (2020-2032)
8.4.2 Servo Market Size Estimates and Forecasts to 2032 (USD Billion)
9. Oil & Gas Variable Frequency Drives Market Segmentation, By Application
9.1 Chapter Overview
9.2 Pump
9.2.1 Pump Market Trends Analysis (2020-2032)
9.2.2 Pump Market Size Estimates and Forecasts to 2032 (USD Billion)
9.3 Fan
9.3.1 Fan Market Trends Analysis (2020-2032)
9.3.2 Fan Market Size Estimates and Forecasts to 2032 (USD Billion)
9.4 Conveyor
9.4.1 Conveyor Market Trends Analysis (2020-2032)
9.4.2 Conveyor Market Size Estimates and Forecasts to 2032 (USD Billion)
9.5 Compressor
9.5.1 Compressor Market Trends Analysis (2020-2032)
9.5.2 Compressor Market Size Estimates and Forecasts to 2032 (USD Billion)
9.6 Extruder
9.6.1 Extruder Market Trends Analysis (2020-2032)
9.6.2 Extruder Market Size Estimates and Forecasts to 2032 (USD Billion)
9.7 Others
9.7.1 Others Market Trends Analysis (2020-2032)
9.7.2 Others Market Size Estimates and Forecasts to 2032 (USD Billion)
10. Regional Analysis
10.1 Chapter Overview
10.2 North America
10.2.1 Trends Analysis
10.2.2 North America Oil & Gas Variable Frequency Drives Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.2.3 North America Oil & Gas Variable Frequency Drives Market Estimates and Forecasts, By Voltage (2020-2032) (USD Billion)
10.2.4 North America Oil & Gas Variable Frequency Drives Market Estimates and Forecasts, By Drive (2020-2032) (USD Billion)
10.2.5 North America Oil & Gas Variable Frequency Drives Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.2.6 USA
10.2.6.1 USA Oil & Gas Variable Frequency Drives Market Estimates and Forecasts, By Voltage (2020-2032) (USD Billion)
10.2.6.2 USA Oil & Gas Variable Frequency Drives Market Estimates and Forecasts, By Drive (2020-2032) (USD Billion)
10.2.6.3 USA Oil & Gas Variable Frequency Drives Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.2.7 Canada
10.2.7.1 Canada Oil & Gas Variable Frequency Drives Market Estimates and Forecasts, By Voltage (2020-2032) (USD Billion)
10.2.7.2 Canada Oil & Gas Variable Frequency Drives Market Estimates and Forecasts, By Drive (2020-2032) (USD Billion)
10.2.7.3 Canada Oil & Gas Variable Frequency Drives Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.2.8 Mexico
10.2.8.1 Mexico Oil & Gas Variable Frequency Drives Market Estimates and Forecasts, By Voltage (2020-2032) (USD Billion)
10.2.8.2 Mexico Oil & Gas Variable Frequency Drives Market Estimates and Forecasts, By Drive (2020-2032) (USD Billion)
10.2.8.3 Mexico Oil & Gas Variable Frequency Drives Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.3 Europe
10.3.1 Eastern Europe
10.3.1.1 Trends Analysis
10.3.1.2 Eastern Europe Oil & Gas Variable Frequency Drives Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.3.1.3 Eastern Europe Oil & Gas Variable Frequency Drives Market Estimates and Forecasts, By Voltage (2020-2032) (USD Billion)
10.3.1.4 Eastern Europe Oil & Gas Variable Frequency Drives Market Estimates and Forecasts, By Drive (2020-2032) (USD Billion)
10.3.1.5 Eastern Europe Oil & Gas Variable Frequency Drives Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.3.1.6 Poland
10.3.1.6.1 Poland Oil & Gas Variable Frequency Drives Market Estimates and Forecasts, By Voltage (2020-2032) (USD Billion)
10.3.1.6.2 Poland Oil & Gas Variable Frequency Drives Market Estimates and Forecasts, By Drive (2020-2032) (USD Billion)
10.3.1.6.3 Poland Oil & Gas Variable Frequency Drives Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.3.1.7 Romania
10.3.1.7.1 Romania Oil & Gas Variable Frequency Drives Market Estimates and Forecasts, By Voltage (2020-2032) (USD Billion)
10.3.1.7.2 Romania Oil & Gas Variable Frequency Drives Market Estimates and Forecasts, By Drive (2020-2032) (USD Billion)
10.3.1.7.3 Romania Oil & Gas Variable Frequency Drives Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.3.1.8 Hungary
10.3.1.8.1 Hungary Oil & Gas Variable Frequency Drives Market Estimates and Forecasts, By Voltage (2020-2032) (USD Billion)
10.3.1.8.2 Hungary Oil & Gas Variable Frequency Drives Market Estimates and Forecasts, By Drive (2020-2032) (USD Billion)
10.3.1.8.3 Hungary Oil & Gas Variable Frequency Drives Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.3.1.9 Turkey
10.3.1.9.1 Turkey Oil & Gas Variable Frequency Drives Market Estimates and Forecasts, By Voltage (2020-2032) (USD Billion)
10.3.1.9.2 Turkey Oil & Gas Variable Frequency Drives Market Estimates and Forecasts, By Drive (2020-2032) (USD Billion)
10.3.1.9.3 Turkey Oil & Gas Variable Frequency Drives Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.3.1.10 Rest of Eastern Europe
10.3.1.10.1 Rest of Eastern Europe Oil & Gas Variable Frequency Drives Market Estimates and Forecasts, By Voltage (2020-2032) (USD Billion)
10.3.1.10.2 Rest of Eastern Europe Oil & Gas Variable Frequency Drives Market Estimates and Forecasts, By Drive (2020-2032) (USD Billion)
10.3.1.10.3 Rest of Eastern Europe Oil & Gas Variable Frequency Drives Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.3.2 Western Europe
10.3.2.1 Trends Analysis
10.3.2.2 Western Europe Oil & Gas Variable Frequency Drives Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.3.2.3 Western Europe Oil & Gas Variable Frequency Drives Market Estimates and Forecasts, By Voltage (2020-2032) (USD Billion)
10.3.2.4 Western Europe Oil & Gas Variable Frequency Drives Market Estimates and Forecasts, By Drive (2020-2032) (USD Billion)
10.3.2.5 Western Europe Oil & Gas Variable Frequency Drives Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.3.2.6 Germany
10.3.2.6.1 Germany Oil & Gas Variable Frequency Drives Market Estimates and Forecasts, By Voltage (2020-2032) (USD Billion)
10.3.2.6.2 Germany Oil & Gas Variable Frequency Drives Market Estimates and Forecasts, By Drive (2020-2032) (USD Billion)
10.3.2.6.3 Germany Oil & Gas Variable Frequency Drives Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.3.2.7 France
10.3.2.7.1 France Oil & Gas Variable Frequency Drives Market Estimates and Forecasts, By Voltage (2020-2032) (USD Billion)
10.3.2.7.2 France Oil & Gas Variable Frequency Drives Market Estimates and Forecasts, By Drive (2020-2032) (USD Billion)
10.3.2.7.3 France Oil & Gas Variable Frequency Drives Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.3.2.8 UK
10.3.2.8.1 UK Oil & Gas Variable Frequency Drives Market Estimates and Forecasts, By Voltage (2020-2032) (USD Billion)
10.3.2.8.2 UK Oil & Gas Variable Frequency Drives Market Estimates and Forecasts, By Drive (2020-2032) (USD Billion)
10.3.2.8.3 UK Oil & Gas Variable Frequency Drives Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.3.2.9 Italy
10.3.2.9.1 Italy Oil & Gas Variable Frequency Drives Market Estimates and Forecasts, By Voltage (2020-2032) (USD Billion)
10.3.2.9.2 Italy Oil & Gas Variable Frequency Drives Market Estimates and Forecasts, By Drive (2020-2032) (USD Billion)
10.3.2.9.3 Italy Oil & Gas Variable Frequency Drives Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.3.2.10 Spain
10.3.2.10.1 Spain Oil & Gas Variable Frequency Drives Market Estimates and Forecasts, By Voltage (2020-2032) (USD Billion)
10.3.2.10.2 Spain Oil & Gas Variable Frequency Drives Market Estimates and Forecasts, By Drive (2020-2032) (USD Billion)
10.3.2.10.3 Spain Oil & Gas Variable Frequency Drives Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.3.2.11 Netherlands
10.3.2.11.1 Netherlands Oil & Gas Variable Frequency Drives Market Estimates and Forecasts, By Voltage (2020-2032) (USD Billion)
10.3.2.11.2 Netherlands Oil & Gas Variable Frequency Drives Market Estimates and Forecasts, By Drive (2020-2032) (USD Billion)
10.3.2.11.3 Netherlands Oil & Gas Variable Frequency Drives Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.3.2.12 Switzerland
10.3.2.12.1 Switzerland Oil & Gas Variable Frequency Drives Market Estimates and Forecasts, By Voltage (2020-2032) (USD Billion)
10.3.2.12.2 Switzerland Oil & Gas Variable Frequency Drives Market Estimates and Forecasts, By Drive (2020-2032) (USD Billion)
10.3.2.12.3 Switzerland Oil & Gas Variable Frequency Drives Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.3.2.13 Austria
10.3.2.13.1 Austria Oil & Gas Variable Frequency Drives Market Estimates and Forecasts, By Voltage (2020-2032) (USD Billion)
10.3.2.13.2 Austria Oil & Gas Variable Frequency Drives Market Estimates and Forecasts, By Drive (2020-2032) (USD Billion)
10.3.2.13.3 Austria Oil & Gas Variable Frequency Drives Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.3.2.14 Rest of Western Europe
10.3.2.14.1 Rest of Western Europe Oil & Gas Variable Frequency Drives Market Estimates and Forecasts, By Voltage (2020-2032) (USD Billion)
10.3.2.14.2 Rest of Western Europe Oil & Gas Variable Frequency Drives Market Estimates and Forecasts, By Drive (2020-2032) (USD Billion)
10.3.2.14.3 Rest of Western Europe Oil & Gas Variable Frequency Drives Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.4 Asia Pacific
10.4.1 Trends Analysis
10.4.2 Asia Pacific Oil & Gas Variable Frequency Drives Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.4.3 Asia Pacific Oil & Gas Variable Frequency Drives Market Estimates and Forecasts, By Voltage (2020-2032) (USD Billion)
10.4.4 Asia Pacific Oil & Gas Variable Frequency Drives Market Estimates and Forecasts, By Drive (2020-2032) (USD Billion)
10.4.5 Asia Pacific Oil & Gas Variable Frequency Drives Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.4.6 China
10.4.6.1 China Oil & Gas Variable Frequency Drives Market Estimates and Forecasts, By Voltage (2020-2032) (USD Billion)
10.4.6.2 China Oil & Gas Variable Frequency Drives Market Estimates and Forecasts, By Drive (2020-2032) (USD Billion)
10.4.6.3 China Oil & Gas Variable Frequency Drives Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.4.7 India
10.4.7.1 India Oil & Gas Variable Frequency Drives Market Estimates and Forecasts, By Voltage (2020-2032) (USD Billion)
10.4.7.2 India Oil & Gas Variable Frequency Drives Market Estimates and Forecasts, By Drive (2020-2032) (USD Billion)
10.4.7.3 India Oil & Gas Variable Frequency Drives Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.4.8 Japan
10.4.8.1 Japan Oil & Gas Variable Frequency Drives Market Estimates and Forecasts, By Voltage (2020-2032) (USD Billion)
10.4.8.2 Japan Oil & Gas Variable Frequency Drives Market Estimates and Forecasts, By Drive (2020-2032) (USD Billion)
10.4.8.3 Japan Oil & Gas Variable Frequency Drives Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.4.9 South Korea
10.4.9.1 South Korea Oil & Gas Variable Frequency Drives Market Estimates and Forecasts, By Voltage (2020-2032) (USD Billion)
10.4.9.2 South Korea Oil & Gas Variable Frequency Drives Market Estimates and Forecasts, By Drive (2020-2032) (USD Billion)
10.4.9.3 South Korea Oil & Gas Variable Frequency Drives Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.4.10 Vietnam
10.4.10.1 Vietnam Oil & Gas Variable Frequency Drives Market Estimates and Forecasts, By Voltage (2020-2032) (USD Billion)
10.4.10.2 Vietnam Oil & Gas Variable Frequency Drives Market Estimates and Forecasts, By Drive (2020-2032) (USD Billion)
10.4.10.3 Vietnam Oil & Gas Variable Frequency Drives Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.4.11 Singapore
10.4.11.1 Singapore Oil & Gas Variable Frequency Drives Market Estimates and Forecasts, By Voltage (2020-2032) (USD Billion)
10.4.11.2 Singapore Oil & Gas Variable Frequency Drives Market Estimates and Forecasts, By Drive (2020-2032) (USD Billion)
10.4.11.3 Singapore Oil & Gas Variable Frequency Drives Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.4.12 Australia
10.4.12.1 Australia Oil & Gas Variable Frequency Drives Market Estimates and Forecasts, By Voltage (2020-2032) (USD Billion)
10.4.12.2 Australia Oil & Gas Variable Frequency Drives Market Estimates and Forecasts, By Drive (2020-2032) (USD Billion)
10.4.12.3 Australia Oil & Gas Variable Frequency Drives Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.4.13 Rest of Asia Pacific
10.4.13.1 Rest of Asia Pacific Oil & Gas Variable Frequency Drives Market Estimates and Forecasts, By Voltage (2020-2032) (USD Billion)
10.4.13.2 Rest of Asia Pacific Oil & Gas Variable Frequency Drives Market Estimates and Forecasts, By Drive (2020-2032) (USD Billion)
10.4.13.3 Rest of Asia Pacific Oil & Gas Variable Frequency Drives Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.5 Middle East and Africa
10.5.1 Middle East
10.5.1.1 Trends Analysis
10.5.1.2 Middle East Oil & Gas Variable Frequency Drives Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.5.1.3 Middle East Oil & Gas Variable Frequency Drives Market Estimates and Forecasts, By Voltage (2020-2032) (USD Billion)
10.5.1.4 Middle East Oil & Gas Variable Frequency Drives Market Estimates and Forecasts, By Drive (2020-2032) (USD Billion)
10.5.1.5 Middle East Oil & Gas Variable Frequency Drives Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.5.1.6 UAE
10.5.1.6.1 UAE Oil & Gas Variable Frequency Drives Market Estimates and Forecasts, By Voltage (2020-2032) (USD Billion)
10.5.1.6.2 UAE Oil & Gas Variable Frequency Drives Market Estimates and Forecasts, By Drive (2020-2032) (USD Billion)
10.5.1.6.3 UAE Oil & Gas Variable Frequency Drives Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.5.1.7 Egypt
10.5.1.7.1 Egypt Oil & Gas Variable Frequency Drives Market Estimates and Forecasts, By Voltage (2020-2032) (USD Billion)
10.5.1.7.2 Egypt Oil & Gas Variable Frequency Drives Market Estimates and Forecasts, By Drive (2020-2032) (USD Billion)
10.5.1.7.3 Egypt Oil & Gas Variable Frequency Drives Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.5.1.8 Saudi Arabia
10.5.1.8.1 Saudi Arabia Oil & Gas Variable Frequency Drives Market Estimates and Forecasts, By Voltage (2020-2032) (USD Billion)
10.5.1.8.2 Saudi Arabia Oil & Gas Variable Frequency Drives Market Estimates and Forecasts, By Drive (2020-2032) (USD Billion)
10.5.1.8.3 Saudi Arabia Oil & Gas Variable Frequency Drives Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.5.1.9 Qatar
10.5.1.9.1 Qatar Oil & Gas Variable Frequency Drives Market Estimates and Forecasts, By Voltage (2020-2032) (USD Billion)
10.5.1.9.2 Qatar Oil & Gas Variable Frequency Drives Market Estimates and Forecasts, By Drive (2020-2032) (USD Billion)
10.5.1.9.3 Qatar Oil & Gas Variable Frequency Drives Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.5.1.10 Rest of Middle East
10.5.1.10.1 Rest of Middle East Oil & Gas Variable Frequency Drives Market Estimates and Forecasts, By Voltage (2020-2032) (USD Billion)
10.5.1.10.2 Rest of Middle East Oil & Gas Variable Frequency Drives Market Estimates and Forecasts, By Drive (2020-2032) (USD Billion)
10.5.1.10.3 Rest of Middle East Oil & Gas Variable Frequency Drives Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.5.2 Africa
10.5.2.1 Trends Analysis
10.5.2.2 Africa Oil & Gas Variable Frequency Drives Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.5.2.3 Africa Oil & Gas Variable Frequency Drives Market Estimates and Forecasts, By Voltage (2020-2032) (USD Billion)
10.5.2.4 Africa Oil & Gas Variable Frequency Drives Market Estimates and Forecasts, By Drive (2020-2032) (USD Billion)
10.5.2.5 Africa Oil & Gas Variable Frequency Drives Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.5.2.6 South Africa
10.5.2.6.1 South Africa Oil & Gas Variable Frequency Drives Market Estimates and Forecasts, By Voltage (2020-2032) (USD Billion)
10.5.2.6.2 South Africa Oil & Gas Variable Frequency Drives Market Estimates and Forecasts, By Drive (2020-2032) (USD Billion)
10.5.2.6.3 South Africa Oil & Gas Variable Frequency Drives Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.5.2.7 Nigeria
10.5.2.7.1 Nigeria Oil & Gas Variable Frequency Drives Market Estimates and Forecasts, By Voltage (2020-2032) (USD Billion)
10.5.2.7.2 Nigeria Oil & Gas Variable Frequency Drives Market Estimates and Forecasts, By Drive (2020-2032) (USD Billion)
10.5.2.7.3 Nigeria Oil & Gas Variable Frequency Drives Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.5.2.8 Rest of Africa
10.5.2.8.1 Rest of Africa Oil & Gas Variable Frequency Drives Market Estimates and Forecasts, By Voltage (2020-2032) (USD Billion)
10.5.2.8.2 Rest of Africa Oil & Gas Variable Frequency Drives Market Estimates and Forecasts, By Drive (2020-2032) (USD Billion)
10.5.2.8.3 Rest of Africa Oil & Gas Variable Frequency Drives Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.6 Latin America
10.6.1 Trends Analysis
10.6.2 Latin America Oil & Gas Variable Frequency Drives Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.6.3 Latin America Oil & Gas Variable Frequency Drives Market Estimates and Forecasts, By Voltage (2020-2032) (USD Billion)
10.6.4 Latin America Oil & Gas Variable Frequency Drives Market Estimates and Forecasts, By Drive (2020-2032) (USD Billion)
10.6.5 Latin America Oil & Gas Variable Frequency Drives Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.6.6 Brazil
10.6.6.1 Brazil Oil & Gas Variable Frequency Drives Market Estimates and Forecasts, By Voltage (2020-2032) (USD Billion)
10.6.6.2 Brazil Oil & Gas Variable Frequency Drives Market Estimates and Forecasts, By Drive (2020-2032) (USD Billion)
10.6.6.3 Brazil Oil & Gas Variable Frequency Drives Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.6.7 Argentina
10.6.7.1 Argentina Oil & Gas Variable Frequency Drives Market Estimates and Forecasts, By Voltage (2020-2032) (USD Billion)
10.6.7.2 Argentina Oil & Gas Variable Frequency Drives Market Estimates and Forecasts, By Drive (2020-2032) (USD Billion)
10.6.7.3 Argentina Oil & Gas Variable Frequency Drives Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.6.8 Colombia
10.6.8.1 Colombia Oil & Gas Variable Frequency Drives Market Estimates and Forecasts, By Voltage (2020-2032) (USD Billion)
10.6.8.2 Colombia Oil & Gas Variable Frequency Drives Market Estimates and Forecasts, By Drive (2020-2032) (USD Billion)
10.6.8.3 Colombia Oil & Gas Variable Frequency Drives Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.6.9 Rest of Latin America
10.6.9.1 Rest of Latin America Oil & Gas Variable Frequency Drives Market Estimates and Forecasts, By Voltage (2020-2032) (USD Billion)
10.6.9.2 Rest of Latin America Oil & Gas Variable Frequency Drives Market Estimates and Forecasts, By Drive (2020-2032) (USD Billion)
10.6.9.3 Rest of Latin America Oil & Gas Variable Frequency Drives Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
11. Company Profiles
11.1 ABB.
11.1.1 Company Overview
11.1.2 Financial
11.1.3 Products/ Services Offered
11.1.4 SWOT Analysis
11.2 Siemens.
11.2.1 Company Overview
11.2.2 Financial
11.2.3 Products/ Services Offered
11.2.4 SWOT Analysis
11.3 Schneider Electric.
11.3.1 Company Overview
11.3.2 Financial
11.3.3 Products/ Services Offered
11.3.4 SWOT Analysis
11.4 Rockwell Automation.
11.4.1 Company Overview
11.4.2 Financial
11.4.3 Products/ Services Offered
11.4.4 SWOT Analysis
11.5 General Electric (GE).
11.5.1 Company Overview
11.5.2 Financial
11.5.3 Products/ Services Offered
11.5.4 SWOT Analysis
11.6 Danfoss
11.6.1 Company Overview
11.6.2 Financial
11.6.3 Products/ Services Offered
11.6.4 SWOT Analysis
11.7 Eaton.
11.7.1 Company Overview
11.7.2 Financial
11.7.3 Products/ Services Offered
11.7.4 SWOT Analysis
11.8 Yaskawa Electric Corporation
11.8.1 Company Overview
11.8.2 Financial
11.8.3 Products/ Services Offered
11.8.4 SWOT Analysis
11.9 Mitsubishi Electric
11.9.1 Company Overview
11.9.2 Financial
11.9.3 Products/ Services Offered
11.9.4 SWOT Analysis
11.10 Toshiba International Corporation
11.10.1 Company Overview
11.10.2 Financial
11.10.3 Products/ Services Offered
11.10.4 SWOT Analysis
12. Use Cases and Best Practices
13. Conclusion
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
Key Segments:
By Voltage
Low
Medium
By Drive
AC
DC
Servo
By Application
Pump
Fan
Conveyor
Compressor
Extruder
Others
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US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
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With the given market data, SNS Insider offers customization as per the company’s specific needs. The following customization options are available for the report:
Detailed Volume Analysis
Criss-Cross segment analysis (e.g. Product X Application)
Competitive Product Benchmarking
Geographic Analysis
Additional countries in any of the regions
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Detailed analysis and profiling of additional market players
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