North America AC Drives Market Size

North America AC Drives Market Size

North America AC drives market size in 2024 was valued at USD 3.6 billion and is estimated to grow at a CAGR of 4.1% from 2025 to 2034. Rising demand for energy-efficient motor control solutions is increasing, driven by technological advancements will complement the industry landscape.

To get key market trends

  Download Free Sample

Growing automation, rising investments for industrial development and favorable initiatives toward enhancing the manufacturing processes will fuel the product adoption. Additionally, ongoing initiatives to modernize existing systems and a shift towards reducing energy consumption are positively influencing the market outlook.

Stringent emission mandates implemented by regulatory authorities across various industrial processes to limit carbon emissions and reduce environmental impacts will stimulate the industry outlook. For instance, The Environmental Protection Agency put forward new proposals in May 2023 to regulate carbon dioxide emissions from power plants that use fossil fuels. These proposals, made under the Clean Air Act, aim to set emission limits based on control technologies that are both cost-effective and currently available. The proposed rules would apply to various types of power plants, including new gas-fired turbines, existing coal and oil-fired units, and certain gas-fired turbines already in operation.