Adjustable speed drive (ASD) or variable-speed drive (VSD) describes equipment used to control the speed of machinery. Many industrial processes such as assembly lines must operate at different speeds for different products. Where process conditions demand adjustment of flow from a pump or fan, varying the speed of the drive may save energy compared with other techniques for flow control.

Where speeds may be selected from several different pre-set ranges, usually the drive is said to be "adjustable" speed. If the output speed can be changed without steps over a range, the drive is usually referred to as "variable speed".

Adjustable-frequency drives (AFD) control the speed of either an induction motor or a synchronous motor by adjusting the frequency of the power supplied to the motor. Adjustable frequency drives are also known as variable-frequency drives (VFD).

The motor used in a VFD system is usually a three-phase induction motor. Some types of single-phase motors can be used, but three-phase motors are usually preferred. Various types of synchronous motors offer advantages in some situations, but induction motors are suitable for most purposes and are generally the most economical choice. Motors that are designed for fixed-speed mains voltage operation are often used, but certain enhancements to the standard motor designs offer higher reliability and better VFD performance.