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North America Medium Voltage Drives Market Share

Report ID: GMI8955
Published Date: Nov 2024
Report Format: PDF

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North America Medium Voltage Drives Market Share

North America Medium Voltage Drives Market Company Share Analysis, 2024

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

Authors: Ankit Gupta, Manish Dhiman

Frequently Asked Questions (FAQ) :

The North America market size for medium voltage drives was valued at USD 430.4 million in 2024 and is expected to reach USD 772.6 million by 2034, driven by a CAGR of 6.1% from 2025 to 2034.

The pump segment is expected to witness a CAGR of over 5.5% till 2034, driven by technological improvements for precise pump speed regulation and efficiency gains.

The U.S. medium voltage drives industry is projected to surpass USD 510 million by 2034, driven by rising demand for reliable motor control solutions and government programs encouraging energy-efficient technologies.

Major players in the market include ABB, Delta Electronics, Danfoss, Emerson Electric, Eaton, Fuji Electric, GE Vernova, Invertek Drives, Johnson Controls, Nidec Motor, Omron, Parker Hannifin, and Rockwell Automation.