U.S. Variable Frequency Drive Market, Industry / Sector Analysis Report, Regional Outlook & Competitive Market Share & Forecast, 2019 - 2025 (Includes Business Impact of COVID-19)

                                          
Abstract, Snapshot, Market Analysis & Market Definition: U.S. Variable Frequency Drive Market

Industry / Sector Trends

U.S. Variable Frequency Drive Market size in 2018 surpassed an annual installation of 2 million units and is anticipated to exceed USD 3.5 billion by 2025.
 

U.S. Variable Frequency Drive Market Size, By Power Range, 2018 & 2025 (USD Million)

 

Growing environmental concerns along with the introduction of standards and directives toward energy efficiency will augment the U.S. VFD market size. Rapid industrialization, rising urbanization, and the shifting focus on energy optimization across various industrial peripherals are positively influencing the product demand. In addition, government funds & incentives, research & development investments, technological advancements, and growing demand for operational upgrade are a few indispensable parameters reinforcing the industry outlook.
 

Market Segmentation, Outlook & Regional Insights: U.S. Variable Frequency Drive Market

 U.S. Variable Frequency Drive Market, By Power Range

Technological advancements coupled with integration of energy consumption monitoring & control will escalate the micro VFD market growth. These drives provide accurate and wide-range speed and torque control with high efficiency, limited maintenance and compact size. The global infrastructure fund flow, in 2016 exceeded USD 79 trillion across major large-scale industries including telecommunication, energy, water and transport.
 

Medium variable frequency drive market across the U.S. is predicted to grow at a rate of over 1.9% by 2025. Ability to provide quick return on investment and user’s profitability enhancement by improving the process will strengthen the product penetration. These units will witness substantial upsurge on account of declining operating cost, increasing system reliability, reduced equipment setup time, low maintenance, energy savings and power factor control.
 

U.S. Variable Frequency Drive Market, By Drive

U.S. Variable Frequency Drive Market Size, By Drive (‘000 Units)
 

Higher energy efficiency, specification to withstand rapid speed changes, ability to be controlled over a network, along with ease of monitoring are imperatives strengthening the AC VFD market share. Growing demand for processed food in line with rising consumer inclination towards value added products will further complement the industry dynamics.
 

DC variable frequency drive market is anticipated to exceed an annual installation of 600’000 units by 2025. High start-up torque, simple circuits, and constant speed are key factors positively influencing the product penetration. Although, these units require high maintenance, can abrade over time and often suffer mechanical problems have been restraining the product adoption. However, DC drives are less complicated in comparison to AC drives, possess easy installation coupled with enhanced programming software offered by drive manufacturers will further stimulate the business landscape.
 

U.S. Variable Frequency Drive Market, By Voltage

Stringent energy efficiency norms coupled with advancement in existing technologies across small and medium enterprises (SME’s) will augment the adoption of low voltage drives. In addition, growing integration of low voltage units on account of their compact size across various industries including cement, petrochemicals, food & beverage, and other small-scale utilities will further amplify the U.S. VFD market.
 

In the current industrial regime, medium-voltage drives have witness significant upsurge owing to their wide applicability across the industrial and commercial establishments. Ongoing refurbishment & retrofitting across the existing technologies in accordance with the industry codes and standards has infused a favourable business scenario. Growing fund allocation along with shifting industrial focus towards the enhancement of existing units across the nation will further sway the variable frequency drive market.
 

U.S. Variable Frequency Drive Market, By Technology

Compact size, light weight, product flexibility & versatility, and cost competitiveness in comparison to the traditional speed control units are few essential factors upscaling the adoption of standard VFD market share. These units have witnessed growth on account of their wide range deployment across industries with primary applications with pumps, fans and conveyors. Te technology poses immense potential owing to their easy installation, product engineering and customization which in turn will nurture the industry landscape.
 

Regenerative drives offer optimized space & cost, minimized downtime, maximized motor efficiency & performance, easy energy recovery and optimum utilization of recovered energy. The continuous quest for new technologies that can combine electrical insulation, mechanical strength and thermal conductivity, to enhance the reliability of drives and motors has further escalated the variable frequency drive market growth.
 

U.S. Variable Frequency Drive Market, By Application

Pumps hold the majority share amongst other applications and will continue to grow in accordance to their deployment across large-scale manufacturing industries and small-scale utilities. Increasing adoption of speed control devices along with growing demand for safe & reliable technologies to curb faults and short circuits will further augment the U.S. VFD market size.
 

U.S. Variable Frequency Drive Market Size, By Application, By 2025 (USD Million)
 

Over the years, deployment of VFDs has witnessed extensive upsurge with respect to HVAC applications, primarily through capacity modulation. However, these units have observed large scale installation driven by their advanced energy saving feature and cost competitiveness. Ongoing modifications in applicable codes and standards have mandated the integration of these units across food industry equipment which in turn has reinstated the variable frequency drive market.
 

U.S. Variable Frequency Drive Market, By End Use

Shifting focus towards energy efficiency along with minimizing maintenance costs, lowering energy consumption and increasing productivity has obligated the manufacturers to adopt advanced technologies in compliance with existing codes and standards. Rapid technological advancements coupled with introduction of innovative systems across the automotive industry will complement the U.S. variable frequency drive market. Moreover, rising investment across the automotive segment by leading industry participants will further complement the business landscape.
 

Key Players, Recent Developments & Sector Viewpoints: U.S. Variable Frequency Drive Market


Eminent variable frequency drive market participants across the U.S. include Johnson Controls, Honeywell, ABB, Emerson, Siemens, Schneider, CG, Mitsubishi, Eaton, Fuji, Rockwell, WEG Electric, Yaskawa, Hiconics, Danfoss and Hitachi.
 

U.S. Variable Frequency Drive Industry Viewpoint

 

A variable frequency drive also known as variable speed drive is a kind of adjustable speed drive which is technically utilized in electro-mechanical drives to control torque and AC motor speed by varying motor input voltage and frequenc

Key Insights Covered: Exhaustive U.S. Variable Frequency Drive Market
1.  Market size (sales, revenue and growth rate) of U.S. Variable Frequency Drive industry.
2. Global major manufacturers' operating situation (sales, revenue, growth rate and gross margin) of U.S. Variable Frequency Drive industry.
3. SWOT analysis, New Project Investment Feasibility Analysis, Upstream raw materials and manufacturing equipment & Industry chain analysis of U.S. Variable Frequency Drive industry.
4. Market size (sales, revenue) forecast by regions and countries from 2019 to 2025 of U.S. Variable Frequency Drive industry.

Research Methodology: U.S. Variable Frequency Drive Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request a Sample Report.
Demand Side Primary Contributors: OEMs, Industrial Professionals, Researches, Suppliers and Distributors, Group Purchasing Organizations, Associations, Insurers, Universities, Technological Writers, Scientists, Promoters, Investors among others.
Supply Side Primary Contributors: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, Regulatory Affairs Managers among others.