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North America Variable Frequency Drives Market Share

Report ID: GMI8802
Published Date: Apr 2024
Report Format: PDF

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North America Variable Frequency Drives Market Share

ABB, a manufacturer, and service provider in the field of variable frequency drive (VFD) manufacturing, epitomizes innovation and excellence in electrical engineering solutions. The major industry participants compete based on diverse factors including product quality, performance, reliability, pricing, and customer service. Additionally, the companies are significantly investing in R&D activities to innovate & introduce new technologies to address evolving customer requirements, shaping the industry dynamics.

North America Variable Frequency Drives Market Companies

The key players operating across the industry include:

ABB
Anaheim Automation, Inc.
Danfoss
Delta Electronics, Inc.
Eaton
Emerson Electric Co.
Fuji Electric Corp. of America
Hitachi Industrial Equipment & Solutions America, LLC
Johnson Controls
Mitsubishi Electric Corporation
Nidec Industrial Solutions
PARKER HANNIFIN CORP
Phase Technologies, LLC.
Rockwell Automation
Schneider Electric
Siemens
TMEIC
TRIOL CORPORATION
WEG
Yaskawa America, Inc.

Authors: Ankit Gupta, Divyendu Sharma

Frequently Asked Questions (FAQ) :

Market size for North America variable frequency drives was valued at USD 4.4 billion in revenue in 2023 and is projected to grow at 4% CAGR from 2024 to 2032, driven by the increasing utilization of industrial automation and introduction of energy efficiency initiatives.

North America low voltage frequency drive market held over 88% revenue share in 2023, backed by the advancements in VFD technology leading to more efficient and cost-effective solutions.

U.S. variable frequency drive market is poised to surpass USD 4.3 billion by 2032 on account of the modernization of aging infrastructure coupled with the upgradation of existing equipment with low energy alternatives.

ABB, Anaheim Automation, Inc., Danfoss, Delta Electronics, Inc., Eaton, Emerson Electric Co., Fuji Electric Corp. of America, Hitachi Industrial Equipment & Solutions America, LLC, Johnson Controls, Mitsubishi Electric Corporation, Nidec Industrial Solutions., PARKER HANNIFIN CORP, Phase Technologies, LLC., Rockwell Automation and Schneider Electric and others.