Product Code: ETC4527626 | Publication Date: Jul 2023 | Updated Date: Aug 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 | |
The Thailand Variable Frequency Drive (VFD) Market is experiencing significant growth due to its vital role in optimizing energy consumption and motor control in various industrial processes. VFDs are becoming increasingly popular in industries such as manufacturing, HVAC, and water treatment. As businesses seek ways to improve energy efficiency and reduce operational costs, the demand for VFDs is expected to remain on an upward trajectory.
The Thailand Variable Frequency Drive market is experiencing notable growth, driven by the increasing demand for energy-efficient motor control solutions in industrial applications. Variable frequency drives (VFDs) enable precise control of motor speed, resulting in energy savings and improved process efficiency. Thailand industrial sector, the emphasis on energy conservation, and the need for reliable motor control solutions are fueling the adoption of variable frequency drives. Government initiatives promoting energy efficiency, collaborations with drive manufacturers, and advancements in VFD technology are key factors contributing to the expansion of this market.
The Thailand variable frequency drive market faces challenges associated with the integration of energy-efficient solutions into industrial processes. While there is a growing awareness of the benefits of variable frequency drives in reducing energy consumption, resistance to technology adoption, cost concerns, and the need for skilled personnel for installation and maintenance hinder widespread implementation.
The COVID-19 pandemic impacted the Thailand Variable Frequency Drive Market, causing delays in the deployment of solutions for energy-efficient motor control. The disruptions in project implementations and uncertainties in the investment landscape posed challenges. However, post-pandemic, the market witnessed a resurgence as industries recognized the importance of variable frequency drives in optimizing energy consumption. Increased adoption of variable frequency drives for motor control and automation contributed to the recovery of the Variable Frequency Drive Market.
Key players in the Thailand Variable Frequency Drive Market include ABB, Siemens, and Schneider Electric.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Thailand Variable Frequency Drive Market Overview |
3.1 Thailand Country Macro Economic Indicators |
3.2 Thailand Variable Frequency Drive Market Revenues & Volume, 2021 & 2031F |
3.3 Thailand Variable Frequency Drive Market - Industry Life Cycle |
3.4 Thailand Variable Frequency Drive Market - Porter's Five Forces |
3.5 Thailand Variable Frequency Drive Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Thailand Variable Frequency Drive Market Revenues & Volume Share, By Voltage Type, 2021 & 2031F |
3.7 Thailand Variable Frequency Drive Market Revenues & Volume Share, By Power Rating, 2021 & 2031F |
3.8 Thailand Variable Frequency Drive Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.9 Thailand Variable Frequency Drive Market Revenues & Volume Share, By End User, 2021 & 2031F |
4 Thailand Variable Frequency Drive Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing industrialization in Thailand leading to higher demand for variable frequency drives |
4.2.2 Government initiatives promoting energy efficiency and use of variable frequency drives in industries |
4.2.3 Growing adoption of automation and IoT technologies driving the demand for variable frequency drives |
4.3 Market Restraints |
4.3.1 High initial investment cost associated with variable frequency drives |
4.3.2 Lack of awareness and technical expertise among end-users in Thailand |
4.3.3 Economic uncertainties and fluctuations affecting investment decisions in variable frequency drives |
5 Thailand Variable Frequency Drive Market Trends |
6 Thailand Variable Frequency Drive Market, By Types |
6.1 Thailand Variable Frequency Drive Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Thailand Variable Frequency Drive Market Revenues & Volume, By Type, 2021-2031F |
6.1.3 Thailand Variable Frequency Drive Market Revenues & Volume, By AC Drive, 2021-2031F |
6.1.4 Thailand Variable Frequency Drive Market Revenues & Volume, By DC Drive, 2021-2031F |
6.1.5 Thailand Variable Frequency Drive Market Revenues & Volume, By Servo Drive, 2021-2031F |
6.2 Thailand Variable Frequency Drive Market, By Voltage Type |
6.2.1 Overview and Analysis |
6.2.2 Thailand Variable Frequency Drive Market Revenues & Volume, By Low Voltage, 2021-2031F |
6.2.3 Thailand Variable Frequency Drive Market Revenues & Volume, By Medium Voltage, 2021-2031F |
6.3 Thailand Variable Frequency Drive Market, By Power Rating |
6.3.1 Overview and Analysis |
6.3.2 Thailand Variable Frequency Drive Market Revenues & Volume, By Micro Power Drive, 2021-2031F |
6.3.3 Thailand Variable Frequency Drive Market Revenues & Volume, By Low Power Drive, 2021-2031F |
6.3.4 Thailand Variable Frequency Drive Market Revenues & Volume, By Medium Power Drive, 2021-2031F |
6.3.5 Thailand Variable Frequency Drive Market Revenues & Volume, By High Power Drive, 2021-2031F |
6.4 Thailand Variable Frequency Drive Market, By Application |
6.4.1 Overview and Analysis |
6.4.2 Thailand Variable Frequency Drive Market Revenues & Volume, By Pumps, 2021-2031F |
6.4.3 Thailand Variable Frequency Drive Market Revenues & Volume, By Conveyors, 2021-2031F |
6.4.4 Thailand Variable Frequency Drive Market Revenues & Volume, By Fans, 2021-2031F |
6.4.5 Thailand Variable Frequency Drive Market Revenues & Volume, By Compressors, 2021-2031F |
6.4.6 Thailand Variable Frequency Drive Market Revenues & Volume, By Others, 2021-2031F |
6.5 Thailand Variable Frequency Drive Market, By End User |
6.5.1 Overview and Analysis |
6.5.2 Thailand Variable Frequency Drive Market Revenues & Volume, By Oil & gas, 2021-2031F |
6.5.3 Thailand Variable Frequency Drive Market Revenues & Volume, By Industrial, 2021-2031F |
6.5.4 Thailand Variable Frequency Drive Market Revenues & Volume, By Power, 2021-2031F |
6.5.5 Thailand Variable Frequency Drive Market Revenues & Volume, By Infrastructure, 2021-2031F |
7 Thailand Variable Frequency Drive Market Import-Export Trade Statistics |
7.1 Thailand Variable Frequency Drive Market Export to Major Countries |
7.2 Thailand Variable Frequency Drive Market Imports from Major Countries |
8 Thailand Variable Frequency Drive Market Key Performance Indicators |
8.1 Energy savings achieved through the use of variable frequency drives |
8.2 Number of industrial automation projects utilizing variable frequency drives |
8.3 Growth in the number of certified variable frequency drive installers in Thailand |
9 Thailand Variable Frequency Drive Market - Opportunity Assessment |
9.1 Thailand Variable Frequency Drive Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Thailand Variable Frequency Drive Market Opportunity Assessment, By Voltage Type, 2021 & 2031F |
9.3 Thailand Variable Frequency Drive Market Opportunity Assessment, By Power Rating, 2021 & 2031F |
9.4 Thailand Variable Frequency Drive Market Opportunity Assessment, By Application, 2021 & 2031F |
9.5 Thailand Variable Frequency Drive Market Opportunity Assessment, By End User, 2021 & 2031F |
10 Thailand Variable Frequency Drive Market - Competitive Landscape |
10.1 Thailand Variable Frequency Drive Market Revenue Share, By Companies, 2024 |
10.2 Thailand Variable Frequency Drive Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |