North America AC Drives Market Analysis

North America AC Drives Market Analysis

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Low voltage segment is anticipated to grow over USD 4.7 billion by 2034. This growth is primarily attributed to the increased demand for energy-efficient units in the industrial automation sector, driven by stringent government regulations aimed at promoting environmental sustainability. The rising need for uninterrupted and reliable power supply to offset growing electricity consumption, together with the implementation of strict energy efficiency regulations, is anticipated to boost product deployment. Furthermore, manufacturers are continuously developing advanced variable frequency drives with integrated sensors and connectivity features to enhance operational efficiency, shaping the low voltage AC drives business dynamics.
 

North America AC drives market from power generation segment is anticipated to witness a CAGR of over 4% by 2034. Rising investments in renewable energy projects and power generation infrastructure, coupled with growing awareness and regulatory mandates for energy efficiency and emissions reduction, is complementing the industry landscape. Ongoing technological advancements in AC drive technology, resulting in improved performance, reliability, and efficiency, are further accelerating product adoption. Additionally, the expansion of industrial automation and process control applications in power generation facilities further contributes to the industry growth.
 

U.S. AC drives market is set to grow over USD 3.6 billion by 2034. Ongoing development of industrial infrastructure along with rising demand for advanced motor control solutions will complement the industry landscape. Increased funding for infrastructure projects, together with favorable government policies toward industrial development is shaping the industry's landscape.
 

Stringent mandates toward energy efficiency and consumption along with flourishing investments toward energy intensive applications will positively influence the U.S. variable frequency drives industry outlook. For instance, in October 2024, the U.S. Department of Energy has allocated USD 149.87 million for 67 energy-saving projects across federal facilities. This funding, part of the AFFECT grant program, aims to reduce emissions, improve efficiency, and create jobs. The initiative supports the goal of achieving net-zero emissions in federal buildings by 2045. Moreover, increased R&D initiatives to introduce advance technologies along with ongoing technological advancements to enhance the operational advantages of manufacturing processes, will accelerate the product deployment.