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U.S. Variable Frequency Drives Market Share

Report ID: GMI3104
Published Date: Jul 2024
Report Format: PDF

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U.S. Variable Frequency Drives Market Share

U.S. Variable Frequency Drives Market Company Share Analysis, 2023

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.

Authors: Ankit Gupta, Manish Dhiman

Frequently Asked Questions (FAQ) :

U.S. Variable Frequency Drives Market Size was evaluated at over USD 3.2 billion in 2023 and will record CAGR 3.4% through 2032, on account of growing adoption of advanced technological units for precise speed, and process control, coupled with increasing automation across several industrial applications.

Low voltage drives segment is set to surpass USD 3.7 billion by 2032, owing to rising automation across industrial operations, ongoing improvements in technology, and focus on safety and adhering to efficiency guidelines.

AC Drives segment is anticipated to observe over 3.5% CAGR through 2032, backed by the growing implementation of robotics across various industrial operations including manufacturing, HVAC and oil & gas.

General Electric, Siemens, Johnson Controls, Honeywell International, Inc., Emerson Electric Co., ABB, Mitsubishi Electric Corporation, Schneider Electric, Eaton, Fuji Electric Corp. of America, Rockwell Automation, WEG, Yaskawa America, Inc., Danfoss, Nidec Industrial Solutions, among others.