U.S. Variable Frequency Drives Market – By Voltage, By Drive (AC, DC, Servo), By Application (Pump, Fan, Conveyor, Compressor, Extruder), By End-Use (Oil & Gas, Power Generation, Mining & Metals, Pulp & Paper, Marine) & Forecast, 2024 - 2032

U.S. Variable Frequency Drives Market Size

U.S. Variable Frequency Drives Market was estimated at USD 3.2 billion in 2023 and is projected to register over 3.4% CAGR between 2024 and 2032. Growing adoption of advanced technological units for precise speed, and process control, coupled with increasing automation across several industrial applications will complement the business landscape.
 

Flourishing investments for industrial development, implementation of stringent regulations toward energy consumption and increasing demand for energy efficient systems further influencing the industry outlook. For instance, in July 2024, the U.S. Department of Commerce announced to open a competition for R&D activities of up to USD 1.6 billion to accelerate domestic semiconductor advanced packaging. The CHIPS for America program will award approximately USD 150 million, leveraging private sector investments.
 

U.S. Variable Frequency Drives Market Trends

U.S. variable frequency drives industry is anticipated to witness significant growth on account of growing focus on energy efficiency, increasing demand for efficient motor control solutions accelerating automation across various industries. Expanding clean energy generation, favorable governmental standards, increasing adoption of smart manufacturing, availability of economical products and availability of financial grants and schemes for domestic manufacturing will further augmenting the industry landscape. For instance, in March 2023, the U.S. government announced a funding of USD 50 million to ensure high performance computing and smart manufacturing will be accessible by domestic firms. Moreover, implementation of internet of things (IoT), adoption of artificial intelligence technologies, smart manufacturing practices and industry 4.0 have positively influenced the business dynamics.
 

U.S. Variable Frequency Drives Market Analysis

Low voltage drives segment is set to surpass over USD 3.7 billion by 2032. Rising automation across industrial operations, ongoing improvements in technology and focus on safety and adhering to efficiency guidelines will positively influencing the industry growth. Growing demand for cost-effective and energy efficient solutions across a variety of industrial applications, together with increasing emphasis on energy efficiency, will boost the product deployment. Favorable schemes, policies and standards by the respective authorities toward encouraging energy efficiency and various programs offering financial rebates and incentives for the manufacturers investing in enhanced technologies, further fueling the low voltage drive business landscape.
 

Medium voltage drives segment is anticipated to grow on account of rising power generation capacities, increasing expansion of infrastructure projects and stringent regulatory landscape toward emission reduction. The accelerating applicability of these drives across oil & gas, marine and mining applications will further augment the product deployment. Moreover, preference toward reliable motor control across high powered applications and manufacturers focus on development of large-scale units having high-frequency conversion abilities will positively impacting the industry landscape.
 

AC Drives segment is anticipated to observe over 3.5% CAGR through 2032. Growing implementation of robotics across various industrial operations including manufacturing, HVAC and oil & gas, amongst others along with ongoing technological advancements will further accelerate the product demand. Implementation of sensors, enhanced performance to improve functionality, and focus toward limiting emissions have accelerated the product demand. Growing industrial automation, adoption of smart production techniques with advance technologies together with adaptability of these units across variety of applications, including large industrial facilities and small-scale operations will further complement the AC drives industry outlook.
 

Servo drives industry will witness increased momentum on account of ongoing initiatives toward digitalization, preference toward achieving high speed and precise motor control operations. Stringent policies toward energy consumption across industrial operations along with continuous upgradation of the existing machinery will further boost the product deployment.
 

U.S. Variable Frequency Drives Market Share

Several scale-product manufacturers operating in the U.S. variable frequency drives industry are aiming to introduce enhanced technologies, focusing on making strategic partnerships, collaborations, forward and backward integration and expansion of their product facilities to enhance their competitive edge over the others. Key players including ABB, Siemens, Fuji Electric Corp. of America, GE Vernova, Johnson Controls, and Yaskawa Electric America Inc., among other, holds majority of the market share.
 

U.S. Variable Frequency Drives Market Companies

Key manufacturers operating across the market comprising of:

• ABB
• Applied Motion Products, Inc.
• Bosch Rexroth Corporation
• Beckhoff Automation
• Danfoss
• Eaton
• Emerson Electric Co.
• Franklin Electric Co., Inc.
• Fuji Electric Corp. of America
• Hitachi Industrial Equipment & Solutions America, LLC
• Honeywell International, Inc.
• Johnson Controls
• Mitsubishi Electric Automation Inc.
• Nidec Motor Corporation
• Rockwell Automation
• Schneider Electric
• Siemens
• WEG
• Yaskawa America, Inc.
   

U.S. Variable Frequency Drives Industry News

• In April 2024, Rockwell extended the range to permanent magnet motor applications for its PowerFlex medium voltage drives. These drives are suitable for high-speed applications, with 120 Hz of output frequency and a voltage level ranging from 2.3 kV to 11 kV. PowerFlex MV drives are suitable for manufacturers across the sectors including HVAC, oil & gas, metals and paper, among others with permanent magnet motor solutions.
   
• In February 2023, Franklin Electric introduced the Electric PAK variable frequency drives powered by smartprime touchscreen interface, which is suitable for mobile dewatering applications. These units are portable and rugged in package and are available in two packages. These drives can be mounted on a pump skid for transport simplification and can be used standalone for pumping application.
   

The U.S. variable frequency drives market research report includes in-depth coverage of the industry with estimates & forecast in terms of “‘000 Units” and “USD Million” from 2021 to 2032 for the following segments:

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Market, By Voltage

• Low
• Medium

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