North America Medium Voltage Drives Market – By Power Range, By Drive, By Application, By End-Use & Forecast, 2025 - 2034

North America Medium Voltage Drives Market Size

North America medium voltage drives market size in 2024 was valued at USD 430.4 million and is estimated to grow at a CAGR of 6.1% from 2025 to 2034.
 

The growing investments for industrial development and manufacturing enhancement programs, expanding demand for energy-efficient motor control solutions, and ongoing need for industrial process optimization are among the key factors driving the industry growth. Efforts to reduce energy consumption coupled with stringent government regulations, will complement the industry outlook.
 

For instance, in September 2023, the U.S. Department of Energy (DOE) issued a direct final rule regarding energy conservation standards for electric motors. The Energy Policy and Conservation Act requires the DOE to periodically evaluate whether more stringent standards are technologically feasible, economically justified, and energy-saving.
 

North America Medium Voltage Drives Market Trends

The North America medium voltage drives industry is anticipated to grow on account of increasing focus on clean energy technologies and rising demand for reliable motor control solutions across several industrial processes. Ongoing technological advancements, along with introduction of stringent energy efficiency regulations and reducing emissions are further propelling the industry growth. For instance, in October 2024, the U.S. Department of Energy allocated USD 5 million to five projects aimed at electrifying process heat in key industries, focusing on developing cost-effective electric heating solutions several industries. The projects aim to reduce emissions, improve energy efficiency, and accelerate industrial decarbonization.
 

Ongoing adoption of automation across various industrial applications coupled with favorable initiatives by manufacturers and government authorities to establish new policies for enhanced manufacturing processes will augment the business outlook. The implementation of the Industrial Internet of Things (IIoT) is playing a significant role in efficient system sizing and optimizes energy efficiency, contributing to the industry growth.
 

North America Medium Voltage Drives Market Analysis

AC segment is anticipated to grow over USD 610 million by 2034. Increasing automation across several industrial processes, growing energy efficiency needs, and technological advancements. These drives offer electronic motor control with various connectivity options, meeting the demand for process optimization across industries which will accelerate the product deployment. Increasing adoption of efficient motor control units, implementation of advanced manufacturing processes across various industrial sectors, and a growing focus on energy efficiency is positively influencing the AC drives industry dynamics.
 

Pump segment is anticipated to witness a CAGR of over 5.5% till 2034. Ongoing technological improvements to enable more precise regulation of pump speed and output, leading to increased efficiency and control further complementing the industry landscape. The ability of these units to reduce downtime and lower maintenance expenses across various sectors, such as water distribution, wastewater management, irrigation, HVAC, and industrial operations. Introduction of intelligent drive systems driven by efficiency gains, integration of new technologies, and efforts to decrease costs through enhanced production techniques will positively influence the business dynamics.
 

U.S. medium voltage drives industry is projected to surpass USD 510 million by 2034. Rising demand for reliable motor control solutions along with government programs encouraging energy-efficient technologies. Regulatory policies aimed at improving energy efficiency spurring technological progress are augmenting the industry growth. For instance, in March 2024, the IEC released standard 60034-2-3:2024, which provides guidelines for testing and calculating the efficiency of converter-powered motors, which are key components in variable frequency drive systems. Moreover, ongoing industrial automation, increased investment for infrastructure development, and rising demand for energy efficient solutions to reduce cost will positively influence the U.S. variable frequency drives business dynamics.
 

North America Medium Voltage Drives Market Share

Major players operating across the North America medium voltage drives industry are strengthening their competitive positions through strategic partnerships, agreements, acquisitions, and product innovations. Key companies including ABB, Siemens, Danfoss, GE Vernova, Delta Electronics, and Yaskawa, among others, dominate the market share. Manufacturers are introducing advanced technologies, expansion initiatives, new products to enhance their market presence across the North America variable frequency drives industry.
 

North America Medium Voltage Drives Market Companies

Major companies actively participating across the market consist of:

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

North America Medium Voltage Drives Industry News

• In October 2024, Siemens has completed the divestment of Innomotics to U.S. based KPS Capital Partners at a transaction amount of about USD 3.7 billion. The company had informed its intention to sell this major supplier of large-drive and electric motors systems to KPS in May 2024. Siemens established the company by consolidating its operations in low- to high-voltage motors, geared motors, medium-voltage converters, and motor spindles. These operations share common suppliers, customers, and technologies.
   
• In April 2024, Rockwell Automation announced that its PowerFlex 6000T medium voltage VFD now supports permanent magnet motors with its latest firmware update. This enhancement targets industries like oil, gas, HVAC, and forestry, aiming for improved energy efficiency. The drive handles applications up to 120 Hz, with voltage ranges of 2.3-11 kV and currents up to 680 A. It also features advanced predictive maintenance capabilities through TotalFORCE technology, offering real-time health data and alerts for various components to minimize downtime and improve operational efficiency.
   

The North America medium voltage drives market research report includes in-depth coverage of the industry with estimates & forecast in terms of “Units” and “USD Million” from 2021 to 2034, for the following segments:

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Market, By Power Range

• ≤ 1 MW
• 1 MW - 3 MW
• 3 MW - 7 MW
• > 7 MW

Market, By Drive

• AC
• DC
• Servo

Market, By Application

• Pump
• Fan
• Conveyor
• Compressor
• Extruder
• Others

Market, By End-Use

• Oil & gas
• Power generation
• Mining & metals
• Pulp & paper
• Marine
• Others

The above information has been provided for the following countries:

• U.S.
• Canada
• Mexico