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U.S. Variable Frequency Drives Market Share

Report ID: GMI3104
Published Date: Jul 2023
Report Format: PDF

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U.S. Variable Frequency Drives Market Share

Major companies in the U.S. variable frequency drives market are focused on forming strategic alliances and partnerships to strengthen their market presence and increase their competitive edge over the others. Key companies operating across the industry include:

General Electric
Siemens
Johnson Controls
Honeywell International Inc.
Emerson Electric Co
ABB
Mitsubishi Electric Corporation
Schneider Electric
Eaton
Fuji Electric Corp of America
Rockwell Automation
WEG,
Yaskawa America Inc.
Danfoss
Nidec Industrial Solutions
Hitachi Industrial Equipment & Solutions America, LLC
TRIOL CORPORATION.

Authors: Ankit Gupta, Divyendu Sharma

Frequently Asked Questions (FAQ) :

The market size for variable frequency drives in the U.S. was reached USD 3.2 billion in 2023 and is set to record CAGR 3.4% through 2032, on account of the ongoing industrial infrastructure transformation along with the increasing demand for advanced mechanical components.

The pumps application vertical in the industry is projected to hold a significant share during 2023 to 2032, owing to its ease of integration across various industry verticals, along with energy efficiency with cost savings.

The AC motors are extensively used in various industries owing to their superior performance in both full-load and variable load conditions, which pushing the demand for AC variable frequency drives.

General Electric, Siemens, Johnson Controls, Honeywell International, Inc., Emerson Electric Co., ABB, Mitsubishi Electric Corporation, Schneider Electric, Eaton, Fuji Electric Corp. of America, Rockwell Automation, WEG, Yaskawa America, Inc., Danfoss, Nidec Industrial Solutions.