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North America AC Drives Market Share

  • Report ID: GMI8652
  • Published Date: Mar 2024
  • Report Format: PDF

North America AC Drives Market Share

Key players operating in the industry are bolstering their market presence through strategic collaborations, partnerships, and mergers & acquisitions as they actively seek to enhance their competitive position. ABB, Siemens, General Electric, Fuji Electric Corp. of America, Yaskawa America, Inc. and Eaton are the key players which holds the majority of market share in the North America AC drives industry.


North America AC Drives Market Companies

Some of the key industry players operating across industry include:

  • ABB
  • Danfoss
  • Delta Electronics, Inc.
  • Eaton
  • Emerson Electric Co.
  • Fuji Electric Corp. of America
  • General Electric
  • Invertek Drives Ltd.
  • Nidec Motor Corporation
  • Omron Corporation
  • Rockwell Automation
  • Schneider Electric
  • Siemens
  • WEG
  • Yaskawa America, Inc.
Authors: Ankit Gupta, Divyendu Sharma

Frequently Asked Questions (FAQ) :

Market Size for North America AC Drives was valued at USD 3.7 billion in 2023 and is set to record a CAGR of 4.3% through 2032, driven by rising demand for energy-efficient motor control solutions and technological advancements.

Power generation segment held a decent market share in 2023 and is set to witness a CAGR of over 4.5% through 2032 on account of the ability of AC drives to deliver efficiency, and environmental benefits.

The U.S. AC Drives Industry held a decent revenue share in 2023 and is set to cross USD 3.5 billion by 2032 due to ongoing transformations in industrial infrastructure and a rising demand for advanced mechanical components.

ABB, Danfoss, Delta Electronics, Inc., Eaton, Emerson Electric Co., Fuji Electric Corp. of America, General Electric, Invertek Drives Ltd., Nidec Motor Corporation, Omron Corporation, PARKER HANNIFIN CORP, Rockwell Automation are some of the major industry contenders.

North America AC Drives Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 17
  • Tables & Figures: 216
  • Countries covered: 3
  • Pages: 175
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