North America Medium Voltage Drives Market Analysis

North America Medium Voltage Drives Market Analysis

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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.