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U.S. Variable Frequency Drives Market Trends

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

U.S. Variable Frequency Drives Market Trends

The U.S. variable frequency drive market is rapidly evolving on account of rapidly growing industrial infrastructure and rising demand for industrial automation. As the industries including manufacturing, oil & gas, water & wastewater, and HVAC (heating, ventilation, and air conditioning), continue to modernize and automate their operations has further accelerated the demand for these units. The ability of VFDs to offer energy efficiency, precise motor control, and optimize processes, making them essential components in enhancing operational efficiency. Moreover, the increasing demand for advanced pumps, fans, and other mechanical components will further fuel the market growth.
 

These devices are widely integrated across various applications consisting of pumping systems, HVAC systems, conveyor belts, and compressors, where the ability to control motor speed and optimize energy consumption which will boost the product deployment.
 

The U.S. VFD industry comprises manufacturers, suppliers, distributors, and service providers that cater to the diverse needs of different sectors. Major companies in the market offer a wide range of drives with varying power capacities, voltage ratings, and control features to meet the specific requirements of different applications. Moreover, the industry is poised for growth owing to the ongoing industrial infrastructure transformation and the increasing demand for advanced mechanical components.

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.

U.S. Variable Frequency Drives Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 17
  • Tables & Figures: 105
  • Countries covered: 1
  • Pages: 108
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