The HVAC variable frequency drive market size reached a value of approximately USD 5.17 Billion in 2025. The market is further expected to grow at a CAGR of 5.90% between 2026 and 2035, reaching a value of USD 9.17 Billion by 2035
Base Year
Historical Period
Forecast Period
Compound Annual Growth Rate
5.9%
Value in USD Billion
2026-2035
*this image is indicative*
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
A variable frequency drive (VFD) is a motor controller device that is used to control the speed of the motor by differing the voltage and frequency of the power supply. When this device is used to increase and decrease rotations per minute of alternating current motor for HVAC applications, it is known as a HVAC variable frequency drive. These VFDs have various applications in the HVAC industry, including pumps, pump motors, fans, and compressors, among others. HVAC variable frequency drives have developed significantly and can be installed in nearly any HVAC application in institutional and commercial buildings.
The EMR’s report titled “HVAC Variable Frequency Drive Market Report and Forecast 2026-2035" offers a detailed analysis of the market based on the following segments:
Market Breakup by Type
Market Breakup by Power Range
Market Breakup by Application
Market Breakup by Region
Medium power range segment is anticipated to have a large share in the HVAC variable frequency drive market in the forecast period due to rising requirement from various end-use industries. HVAC variable frequency drives in medium power range help in the smooth working of fans, compressors, and pumps that constantly need variable speed motor control. They are designed in a way such that they can maximize energy efficiency by enabling variable speed control and soft-starting in both heavy duty applications and normal duty applications. Low power range drive is also expected witness growth in the forecast period owing to its wide use in various industrial automation applications.
Asia Pacific is expected to account for a sizable share in the HVAC variable frequency drive market owing to the growing foreign direct investments in the manufacturing and industrial sectors. The tropical climate in the region is surging the need for temperature control indoors, increasing the demand for HVAC variable frequency drives. Countries like China, India, and Japan are contributing to the growth of the market in the Asia Pacific region by focussing on the infrastructural development in their countries. Increasing construction activities due to rising urban population and rapid industrialisation in developing economies, and heightening demand for energy efficiency in the Asia Pacific are helping in the growth of the overall HVAC variable frequency drive market.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global HVAC variable frequency drive market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.
ABB Ltd. founded in 1988 has its headquarters in Zürich, Switzerland. It is a multinational automation company that provides solutions in robotics, digital services, and machine automation to several industries. ABB facilitates increased industrial productivity, harnessed power reliability, and enhanced energy efficiency, with an aim to provide a more resource efficient and sustainable future.
Siemens AG is an automation company which was established in 1847 and is based out of Munich, Germany. It serves various end users including industry, transport, healthcare, and infrastructure, among others. The company aims at building intelligent infrastructure for energy systems and buildings, creating smart mobility solutions for road as well as rail transport, and automating and digitalising in the manufacturing and process industries.
Rockwell Automation Inc. was founded in 1903 and has its headquarter located in Wisconsin in the United States. It is an industrial automation company that provides integrated control and information solutions to its customers. The company focuses on helping their customers from all across the globe to become more productive and the world become more sustainable.
*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*
Other market players include Mitsubishi Electric Corporation, and Yaskawa America Inc.-Drives and Motion Division.
Upto 15% Off
USD
$2499 $2249
$3999 $3599
$4999 $4249
$5999 $5099
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
Get in touch with us for a customized solution tailored to your unique requirements and save upto 35%!
The global market size for HVAC variable frequency drive reached a value of USD 5.17 Billion in 2025.
The market is expected to grow at a CAGR of 5.90% between 2026 and 2035.
The market is estimated to witness a healthy growth in the forecast period of 2026-2035 to reach about USD 9.17 Billion by 2035.
Improving standards of living, increasing temperature variations globally, and rising demand from construction sector are the major market drivers.
The key trends of the market are rising demand for the AC drives, energy-saving characteristic of HVAC variable frequency drives, and advancements in technology.
The major regional markets for HVAC variable frequency drives are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
A variable frequency drive is a device used to control the speed of a motor by varying the voltage and frequency of the power supply.
The different types of HVAC variable frequency drives are DC drives, AC drives, and servo drive.
The primary applications of HVAC variable frequency drives are residential, commercial, and industrial.
Key players in the HVAC variable frequency drive market are ABB Ltd., Siemens AG, Rockwell Automation, Inc., Mitsubishi Electric Corporation, and Yaskawa America Inc.-Drives and Motion Division, among others.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2025 |
| Historical Period | 2019-2025 |
| Forecast Period | 2026-2035 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Type |
|
| Breakup by Power Range |
|
| Breakup by Application |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
Datasheet
One User
USD 2,499
USD 2,249
tax inclusive*
Single User License
One User
USD 3,999
USD 3,599
tax inclusive*
Five User License
Five User
USD 4,999
USD 4,249
tax inclusive*
Corporate License
Unlimited Users
USD 5,999
USD 5,099
tax inclusive*
*Please note that the prices mentioned below are starting prices for each bundle type. Kindly contact our team for further details.*
Flash Bundle
Small Business Bundle
Growth Bundle
Enterprise Bundle
*Please note that the prices mentioned below are starting prices for each bundle type. Kindly contact our team for further details.*
Flash Bundle
Number of Reports: 3
20%
tax inclusive*
Small Business Bundle
Number of Reports: 5
25%
tax inclusive*
Growth Bundle
Number of Reports: 8
30%
tax inclusive*
Enterprise Bundle
Number of Reports: 10
35%
tax inclusive*
How To Order
Select License Type
Choose the right license for your needs and access rights.
Click on ‘Buy Now’
Add the report to your cart with one click and proceed to register.
Select Mode of Payment
Choose a payment option for a secure checkout. You will be redirected accordingly.
Gain insights to stay ahead and seize opportunities.
Get insights & trends for a competitive edge.
Track prices with detailed trend reports.
Analyse trade data for supply chain insights.
Leverage cost reports for smart savings
Enhance supply chain with partnerships.
Connect For More Information
Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.
Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.
We employ meticulous research methods, blending advanced analytics and expert insights to deliver accurate, actionable industry intelligence, staying ahead of competitors.
Our skilled analysts offer unparalleled competitive advantage with detailed insights on current and emerging markets, ensuring your strategic edge.
We offer an in-depth yet simplified presentation of industry insights and analysis to meet your specific requirements effectively.
Share