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North America AC Drives Market Share

Report ID: GMI8652
Published Date: Nov 2024
Report Format: PDF

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North America AC Drives Market Share

North America AC Drives Market Company Market Share Analysis, 2024

Major players in the market are pursuing strategic activities to strengthen their market position. These initiatives include forming partnerships, expanding facilities, and engaging in mergers and acquisitions. By implementing these strategies, companies aim to enhance their market presence and foster industry growth through the development of advanced technologies further shaping the North America variable frequency drives business dynamics.

North America AC Drives Market Companies

Major players operating across the industry include:

ABB
Danfoss
Delta Electronics
Eaton
Emerson Electric
Fuji Electric
GE Vernova
Invertek Drives
Johnson Controls
Nidec Motor
Omron
Parker Hannifin
Rockwell Automation
Schneider Electric
Siemens
TMEIC
WEG
Yaskawa

Authors: Ankit Gupta, Manish Dhiman

Frequently Asked Questions (FAQ) :

The North American AC drives market was valued at USD 3.6 billion in 2024 and is estimated to grow at a 4.1% CAGR from 2025 to 2034, driven by the rising demand for energy-efficient motor control solutions.

The low voltage segment is anticipated to surpass USD 4.7 billion by 2034, primarily due to increased demand for energy-efficient units in the industrial automation sector, driven by stringent government regulations promoting environmental sustainability.

U.S. AC drives market is set to exceed USD 3.6 billion by 2034, supported by the ongoing development of industrial infrastructure and rising demand for advanced motor control solutions.

Key players in the industry include ABB, Danfoss, Delta Electronics, Eaton, Emerson Electric, Fuji Electric, GE Vernova, Invertek Drives, and Johnson Controls.