North America Medium Voltage Drives Market Analysis

North America Medium Voltage Drives Market Analysis

The medium voltage AC drives market is projected to surpass USD 530 million by 2032 and will grow significantly owing to increased adoption in industrial establishments and ability to offer electronic motor drive options with various fieldbus connectivity choices, advanced control interfaces. The rising need for energy-efficient motor control solutions and process optimization across various industries, Ongoing technological advancements are giving rise to innovative control options for different types of motors is driving the medium voltage drives product demand.
 

Pump application is set to witness a CAGR of over 5.5% through 2032. Ongoing technological advancements, enhanced efficiency & control, allowing for precise regulation of pump speed and output is set to drive the product demand. Furthermore, their capabilities to minimize downtime and maintenance costs make them suitable for a wide range of pump applications, including water distribution, wastewater treatment, irrigation, HVAC systems, and industrial processes. Furthermore, the continuous evolution of intelligent drive systems is expected to accelerate, driven by increased efficiency, the incorporation of advanced technologies, and a persistent emphasis on cost reduction through enhanced manufacturing methods.
 

U.S. medium voltage drives market is set to grow over USD 450 million by 2032. Government initiatives promoting energy-efficient technologies, ongoing adoption of high-performance and reliable motors in energy-intensive manufacturing sectors are further driving the industry landscape. Ongoing technological advancements, driven by a variety of legislative mandates and policies promoting energy efficiency, are shaping the industry dynamics. For instance, in March 2024, IEC issued standard 60034-2-3:2024, outlines test methods and an interpolation procedure used to determine losses and efficiencies of motors powered by converters. These motors are integral components of variable frequency power drive systems. Moreover, growing automation industry, increasing investments in manufacturing sector and rising demand for reliable motor control solutions will complement the U.S. variable frequency drives market outlook.