Marine VFD Market - Top Companies and Manufacturers

  • Report ID: 6514
  • Published Date: Oct 07, 2024
  • Report Format: PDF, PPT

Companies Dominating the Marine VFD Landscape

    Leading companies in the marine VFD market are employing several organic and inorganic strategies to earn high profits and reach a wider customer base. Key market players are forming strategic partnerships with other players and technology firms to co-develop innovative technologies and expand their geographical reach. Industry giants are focusing on advancing their after-sales services including maintenance, training, and technical support to attract more customers and encourage repeat business. Some of the key players include:

    • ABB Ltd
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Danfoss
    • GE Vernova Inc.
    • Honeywell International, Inc.
    • Rockwell Automation
    • Siemens Energy
    • Triol Industrial Solutions
    • WEG
    • Leonardo DRS
    • BERG Propulsion
    • Bosch Rexroth Corporation
    • CG Power & Industrial Solutions Ltd.
    • Parker-Hannifin Corporation
    • Invertek Drives Ltd.

Browse Key Market Insights with Data Illustration:

In the News

  • In April 2024, Rockwell Automation announced the launch of its latest PowerFlex 6000T medium voltage variable frequency drive (VFD). This technology supports efficient permanent magnet motor applications effectively. By this product folio expansion, the company aims to earn high profits in the coming years.
  • In June 2023, ABB Ltd announced its partnership with Türkiye-based Sanmar Shipyards and Elkon in a zero-emission tugs project. ABB is set to play a vital role in this project by providing its liquid-cooled drive technology.

Author Credits:  Dhruv Bhatia


  • Report ID: 6514
  • Published Date: Oct 07, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

The global marine VFD market will be valued at USD 1.03 billion in 2025.

Expanding at a CAGR of 5.5%, the global market is expected to increase from USD 978.8 million in 2024 to USD 1.9 billion by 2037.

Some leading companies are ABB Ltd, Danfoss, GE Vernova Inc., Honeywell International, Inc., Rockwell Automation, and Siemens Energy.

The AC segment is estimated to capture a strong 80.5% of the market share through 2037.

Asia Pacific is expected to hold 45.8% of the global market share through 2037.
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