The global marine VFD market is anticipated to grow at a considerable CAGR of 4.9% during the forecast period. A VFD is a motor control device that protects and controls the speed of AC induction motors. It works by changing the frequency of the power supply to the motor, the motor speed being directly proportional to the supply frequency. The benefits of VFDs are numerous and they offer energy savings for various applications, the most common is VFD for pumps and fans. The adjustable flow method changes the flow curve and drastically reduces power requirements. Also, VFD help in minimizing the undesirable voltage and current distortions that can occur in electrical systems, leading to inefficient operation, increased energy consumption, and potential damage to equipment. Harmonic distortion is a common concern in marine vessels due to the presence of various electrical systems and high power requirements. To cater to such demands of energy efficiency in the marine industry market players come up with advanced solutions to remain competitive thereby propelling the growth of the market. For instance, in January 2019, ABB launched a series of ACS880 industrial drives and ACH580 Ultra-Low Harmonic (ULH) HVAC drives, which are used in many industries and applications to tackle harmonic issues.
Additionally, in March 2023, Sunwoele, a leading automation brand in China, launched a new generation of industrial transmission products – HSF6 series high-performance VFD (Variable-frequency Drive). Engineering-level VFD (Variable-frequency Drive) designed and developed for complex application requirements such as precision machining machinery. Adopting the future-oriented modular design concept, the new generation of the HSF600 series includes single-drive and multi-drive product types, including book-type, device-type, cabinet-type, and other models, and supports AC380V/690V voltage range. Through flexible configuration, the HSF600 series can support solutions up to 4500kW, meeting the application requirements of metallurgy, pulp and paper, oil and gas, mining, ports, marine, and electric power industries, and can be based on paper machines, winches, rolling mills, various customized solutions for large-scale applications such as process lines, roller tables, shield machines, cranes, and drilling rigs.
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Market Coverage
- The market number available for – 2022-2030
- Base year- 2022
- Forecast period- 2023-2030
Segment Covered-
- By Type
- By Voltage
- By Application
- By End-user
Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape- including ABB Ltd., Siemens AG, Rockwell Automation Inc., Danfoss A/S, CG Power and Industrial Solutions Ltd., WEG S.A., Mitsubishi Electric Corp., and others.
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Marine Variable Frequency Drive (VFD) Market Report Segment
By Type
- AC Drive
- DC Drive
By Voltage
- Low Voltage Drive
- Medium Voltage Drive
By Application
- Propellers
- Pumps
- Electric Fan
- Heating, Ventilation, and Air Conditioning (HVAC)
- Compressors
- Others
By End-user
- Marine Vessels
- Offshore Oil & Gas
- Offshore Wind Power
Marine Variable Frequency Drive (VFD) Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
- Latin America
- Middle East and Africa
Company Profiles
- ABB Ltd.
- Bulutlu Marine
- CG Drives & Automation UK Ltd.
- CG Power and Industrial Solutions Ltd.
- Eaton Corp. plc
- Invertek Drives Ltd.
- Johnson Controls International plc
- Mitsubishi Electric Corp.
- Parker Hannifin Corp.
- Rockwell Automation Inc.
- Siemens AG
- Sumitomo Heavy Industries Ltd.
- Triol Corp.
- Wärtsilä Corp.
- WEG S.A.
- Yaskawa Electric Corp.
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