Home > Semiconductors & Electronics > Imaging > North America Variable Frequency Drives Market

North America Variable Frequency Drives Market Trends

Report ID: GMI8802
Published Date: Nov 2024
Report Format: PDF

Download Free Sample

North America Variable Frequency Drives Market Trends

North America variable frequency drives industry is experiencing substantial growth, fueled by rising demand in industrial automation and the need to protect against volatile energy prices. Electrical equipment, particularly pumping systems, plays a pivotal role in industrial infrastructure and is a major contributor to overall energy consumption. According to the U.S. Department of Energy, pumping systems alone account for 25% of the energy used by electric motors in the industrial sector. Furthermore, ongoing efforts to reduce energy loss and enhance the efficiency of industrial operations are expected to further drive positive the industry landscape.

Authors: Ankit Gupta, Divyendu Sharma

Frequently Asked Questions (FAQ) :

The North America market size for variable frequency drives was valued at USD 4.5 billion in 2024 and is projected to reach USD 6.7 billion by 2034, driven by a CAGR of 3.8% from 2025 to 2034.

The low voltage segment is anticipated to exceed USD 5.8 billion by 2034, driven by technological improvements in LV VFD systems and supportive government initiatives.

The U.S. variable frequency drive market is projected to reach USD 4.4 billion by 2034, driven by ongoing product innovations and the expanding production capacity of the automotive sector.

Major players in the industry include ABB, Anaheim Automation, Danfoss, Delta Electronics, Eaton, Emerson Electric, Fuji Electric, Hitachi Industrial Equipment & Solutions America, Johnson Controls, and Mitsubishi Electric Corporation.