North America Variable Frequency Drive Market - Industry Trends and Forecast to 2030
North America variable frequency drive market is expected to reach USD 7,717.39 million by 2030 from USD 5,328.10 million in 2022, growing at a CAGR of 4.8% during the forecast period of 2023 to 2030.
Market Segmentation:
North America Variable Frequency Drive Market, By Type (AC Drive, DC Drive, and Servo Drive), Power Rating (Micro Power Drive, Low Power Drive, Medium Power Drive, and High Power Drive), Voltage (Low Voltage, Medium Voltage, and High Voltage), Application (Pumps, Fans, Compressors, Conveyors, and Others), End-User (Industrial, Oil & Gas, Energy & Power, Infrastructure, Pharmaceutical, Food & Beverages, Agriculture, and Others), Country (U.S., Canada, and Mexico) - Industry Trends and Forecast to 2030
Overview of North America Variable Frequency Drive Market Dynamics :
Driver
• Increasing demand for energy efficiency devices
Restraint
• High cost of variable frequency drive
Opportunity
• Increasing demand for variable frequency drive in power generation
Market Players:
Some of the key players operating in North America variable frequency drive market are:
• Eaton.
• ABB
• Johnson Controls.
• Rockwell Automation
• Danfoss A/S
• PARKER HANNIFIN CORP
• Delta Electronics, Inc.
• Nidec Motor Corporation.
• Honeywell International Inc.
• WEG.
• NORD Drivesystems Pvt. Ltd.
• Inovance Technology Europe GmbH
• YASKAWA ELECTRIC CORPORATION.
• SEW-EURODRIVE
• TMEIC
• Phase Technologies, LLC.
• Anaheim Automation, Inc.
• Gozuk
- 1 Introduction
- 1.1 Objectives Of The Study
- 1.2 Market Definition
- 1.3 Overview Of The North America Variable Frequency Drive Market
- 1.4 Currency And Pricing
- 1.5 Limitations
- 1.6 Markets Covered
- 2 Market Segmentation
- 2.1 Markets Covered
- 2.2 Geographical Scope
- 2.3 Years Considered For The Study
- 2.4 Dbmr Tripod Data Validation Model
- 2.5 Primary Interviews With Key Opinion Leaders
- 2.6 Dbmr Market Position Grid
- 2.7 Vendor Share Analysis
- 2.8 Multivariate Modeling
- 2.9 Type Timeline Curve
- 2.10 Market Application Coverage Grid
- 2.11 Secondary Sources
- 2.12 Assumptions
- 3 Executive Summary
- 4 Premium Insights
- 4.1 Technological Advancement
- 4.1.1 Modular And Compact Designs
- 4.1.2 Smart And Digital Features
- 4.1.3 Green And Sustainable Solutions
- 4.1.4 Technology Life Cycle Curve
- 4.1.5 Alternatives Of Variable Frequency Drives
- 4.2 Warranty Period
- 4.3 Pricing Analysis
- 4.4 List Of Vfd Manufacturers With The Following Distributor Across North America
- 4.5 End User Analysis 41
- 5 Market Overview
- 5.1 Drivers
- 5.1.1 Increasing Demand For The Energy Efficiency Devices
- 5.1.2 Technology Advancements In The Variable Frequency Drive
- 5.2 Restraints
- 5.2.1 High Cost Of Variable Frequency Drive
- 5.2.2 Complexity And Compatibility Issues Related To Variable Frequency Drive
- 5.3 Opportunities
- 5.3.1 Increasing Demand For Variable Frequency Drives In Power Generation
- 5.3.2 Integration Of Hvac And Building Automation
- 5.4 Challenges
- 5.4.1 Lack Of Skilled Labor And Professionals
- 5.4.2 High Maintenance And Service Requirements
- 6 North America Variable Frequency Drive Market, By Type
- 6.1 Overview
- 6.2 Ac Drive
- 6.3 Dc Drive
- 6.4 Servo Drive
- 7 North America Variable Frequency Drive Market, By Power Rating
- 7.1 Overview
- 7.2 Micro Power Drive
- 7.3 Low Power Drive
- 7.4 Medium Power Drive
- 7.5 High Power Drive
- 8 North America Variable Frequency Drive Market, By Voltage
- 8.1 Overview
- 8.2 Low Voltage
- 8.3 Medium Voltage
- 8.4 High Voltage
- 9 North America Variable Frequency Drive Market, By Application
- 9.1 Overview
- 9.2 Pumps
- 9.3 Fans
- 9.4 Compressors
- 9.5 Conveyors
- 9.6 Others 65
- 10 North America Variable Frequency Drive Market, By End User
- 10.1 Overview
- 10.2 Industrial
- 10.2.1 Ac Drive
- 10.2.2 Dc Drive
- 10.2.3 Servo Drive
- 10.3 Oil & Gas
- 10.3.1 Ac Drive
- 10.3.2 Dc Drive
- 10.3.3 Servo Drive
- 10.4 Energy & Power
- 10.4.1 Ac Drive
- 10.4.2 Dc Drive
- 10.4.3 Servo Drive
- 10.5 Infrastructure
- 10.5.1 Ac Drive
- 10.5.2 Dc Drive
- 10.5.3 Servo Drive
- 10.6 Pharmaceutical
- 10.6.1 Ac Drive
- 10.6.2 Dc Drive
- 10.6.3 Servo Drive
- 10.7 Food & Beverages
- 10.7.1 Ac Drive
- 10.7.2 Dc Drive
- 10.7.3 Servo Drive
- 10.8 Agriculture
- 10.8.1 Ac Drive
- 10.8.2 Dc Drive
- 10.8.3 Servo Drive
- 10.9 Others
- 11 North America Variable Frequency Drive Market, By Country
- 11.1 North America
- 11.2 U.S.
- 11.3 Canada
- 11.4 Mexico 84
- 12 North America Variable Frequency Drive Market, Company Landscape
- 12.1 Company Share Analysis: North America
- 13 Swot Analysis
- 14 Company Profile
- 14.1 Eaton.
- 14.1.1 Company Snapshot
- 14.1.2 Revenue Analysis
- 14.1.3 Product Portfolio
- 14.1.4 Recent Developments
- 14.2 Abb
- 14.2.1 Company Snapshot
- 14.2.2 Revenue Analysis
- 14.2.3 Product Portfolio
- 14.2.4 Recent Developments
- 14.3 Johnson Controls.
- 14.3.1 Company Snapshot
- 14.3.2 Revenue Analysis
- 14.3.3 Product Portfolio
- 14.3.4 Recent Development
- 14.4 Rockwell Automation
- 14.4.1 Company Snapshot
- 14.4.2 Revenue Analysis
- 14.4.3 Product Portfolio
- 14.4.4 Recent Development
- 14.5 Danfoss A/S
- 14.5.1 Company Snapshot
- 14.5.2 Revenue Analysis
- 14.5.3 Product Portfolio
- 14.5.4 Recent Developments
- 14.6 Anaheim Automation, Inc.
- 14.6.1 Company Snapshot
- 14.6.2 Products Portfolio
- 14.6.3 Recent Developments
- 14.7 Delta Electronics, Inc.
- 14.7.1 Company Snapshot
- 14.7.2 Revenue Analysis
- 14.7.3 Product Portfolio
- 14.7.4 Recent Developments
- 14.8 Gozuk
- 14.8.1 Company Snapshot
- 14.8.2 Product Portfolio
- 14.8.3 Recent Developments
- 14.9 Honeywell International Inc.
- 14.9.1 Company Snapshot
- 14.9.2 Revenue Analysis
- 14.9.3 Product Portfolio
- 14.9.4 Recent Developments
- 14.10 Inovance Technology Europe Gmbh
- 14.10.1 Company Snapshot
- 14.10.2 Product Portfolio
- 14.10.3 Recent Development
- 14.11 Nidec Motor Corporation (A Subsidiary Of Nidec Group Company)
- 14.11.1 Company Snapshot
- 14.11.2 Revenue Analysis
- 14.11.3 Product Portfolio
- 14.11.4 Recent Developments
- 14.12 Nord Drivesystems Pvt. Ltd.
- 14.12.1 Company Snapshot
- 14.12.2 Product Portfolio
- 14.12.3 Recent Development
- 14.13 Parker Hannifin Corp (2022)
- 14.13.1 Company Snapshot
- 14.13.2 Revenue Analysis
- 14.13.3 Product Portfolio
- 14.13.4 Recent Development
- 14.14 Phase Technologies, Llc.
- 14.14.1 Company Snapshot
- 14.14.2 Product Portfolio
- 14.14.3 Recent Developments
- 14.15 Sew-eurodrive
- 14.15.1 Company Snapshot
- 14.15.2 Product Portfolio
- 14.15.3 Recent Developments
- 14.16 Tmeic
- 14.16.1 Company Snapshot
- 14.16.2 Product Portfolio
- 14.16.3 Recent Developments 124
- 14.17 Weg.
- 14.17.1 Company Snapshot
- 14.17.2 Revenue Analysis
- 14.17.3 Product Portfolio
- 14.17.4 Recent Development
- 14.18 Yaskawa Electric Corporation.
- 14.18.1 Company Snapshot
- 14.18.2 Revenue Analysis
- 14.18.3 Product Portfolio
- 14.18.4 Recent Developments
- 15 Questionnaire
- 16 Related Reports
- List Of Tables
- Table 1 Warranty Period
- Table 2 Single Phase 220v 50hz/60hz Input, Three Phase Output
- Table 3 Three Phase 380v 50hz/60hz Input/Output
- Table 4 North America Variable Frequency Drive Market, By Type, 2021-2030 (Usd Million)
- Table 5 North America Variable Frequency Drive Market, By Power Rating, 2021-2030 (Usd Million)
- Table 6 North America Variable Frequency Drive Market, By Voltage, 2021-2030 (Usd Million)
- Table 7 North America Variable Frequency Drive Market, By Application, 2021-2030 (Usd Million)
- Table 8 North America Variable Frequency Drive Market, By End User, 2021-2030 (Usd Million)
- Table 9 North America Industrial In Variable Frequency Drive Market, By Type, 2021-2030 (Usd Million)
- Table 10 North America Oil & Gas In Variable Frequency Drive Market, By Type, 2021-2030 (Usd Million)
- Table 11 North America Energy & Power In Variable Frequency Drive Market, By Type, 2021-2030 (Usd Million)
- Table 12 North America Infrastructure In Variable Frequency Drive Market, By Type, 2021-2030 (Usd Million)
- Table 13 North America Pharmaceutical In Variable Frequency Drive Market, By Type, 2021-2030 (Usd Million)
- Table 14 North America Food & Beverages In Variable Frequency Drive Market, By Type, 2021-2030 (Usd Million)
- Table 15 North America Agriculture In Variable Frequency Drive Market, By Type, 2021-2030 (Usd Million)
- Table 16 North America Variable Frequency Drive Market, By Country, 2021-2030 (Usd Million)
- Table 17 U.S. Variable Frequency Drive Market, By Type, 2021-2030 (Usd Million)
- Table 18 U.S. Variable Frequency Drive Market, By Power Rating, 2021-2030 (Usd Million)
- Table 19 U.S. Variable Frequency Drive Market, By Voltage, 2021-2030 (Usd Million)
- Table 20 U.S. Variable Frequency Drive Market, By Application, 2021-2030 (Usd Million)
- Table 21 U.S. Variable Frequency Drive Market, By End User, 2021-2030 (Usd Million)
- Table 22 U.S. Industrial In Variable Frequency Drive Market, By Type, 2021-2030 (Usd Million)
- Table 23 U.S. Oil & Gas In Variable Frequency Drive Market, By Type, 2021-2030 (Usd Million)
- Table 24 U.S. Energy & Power In Variable Frequency Drive Market, By Type, 2021-2030 (Usd Million)
- Table 25 U.S. Infrastructure In Variable Frequency Drive Market, By Type, 2021-2030 (Usd Million)
- Table 26 U.S. Pharmaceutical In Variable Frequency Drive Market, By Type, 2021-2030 (Usd Million)
- Table 27 U.S. Food & Beverages In Variable Frequency Drive Market, By Type, 2021-2030 (Usd Million)
- Table 28 U.S. Agriculture In Variable Frequency Drive Market, By Type, 2021-2030 (Usd Million)
- Table 29 Canada Variable Frequency Drive Market, By Type, 2021-2030 (Usd Million)
- Table 30 Canada Variable Frequency Drive Market, By Power Rating, 2021-2030 (Usd Million)
- Table 31 Canada Variable Frequency Drive Market, By Voltage, 2021-2030 (Usd Million)
- Table 32 Canada Variable Frequency Drive Market, By Application, 2021-2030 (Usd Million)
- Table 33 Canada Variable Frequency Drive Market, By End User, 2021-2030 (Usd Million)
- Table 34 Canada Industrial In Variable Frequency Drive Market, By Type, 2021-2030 (Usd Million)
- Table 35 Canada Oil & Gas In Variable Frequency Drive Market, By Type, 2021-2030 (Usd Million)
- Table 36 Canada Energy & Power In Variable Frequency Drive Market, By Type, 2021-2030 (Usd Million)
- Table 37 Canada Infrastructure In Variable Frequency Drive Market, By Type, 2021-2030 (Usd Million)
- Table 38 Canada Pharmaceutical In Variable Frequency Drive Market, By Type, 2021-2030 (Usd Million)
- Table 39 Canada Food & Beverages In Variable Frequency Drive Market, By Type, 2021-2030 (Usd Million)
- Table 40 Canada Agriculture In Variable Frequency Drive Market, By Type, 2021-2030 (Usd Million)
- Table 41 Mexico Variable Frequency Drive Market, By Type, 2021-2030 (Usd Million)
- Table 42 Mexico Variable Frequency Drive Market, By Power Rating, 2021-2030 (Usd Million)
- Table 43 Mexico Variable Frequency Drive Market, By Voltage, 2021-2030 (Usd Million)
- Table 44 Mexico Variable Frequency Drive Market, By Application, 2021-2030 (Usd Million)
- Table 45 Mexico Variable Frequency Drive Market, By End User, 2021-2030 (Usd Million)
- Table 46 Mexico Industrial In Variable Frequency Drive Market, By Type, 2021-2030 (Usd Million)
- Table 47 Mexico Oil & Gas In Variable Frequency Drive Market, By Type, 2021-2030 (Usd Million)
- Table 48 Mexico Energy & Power In Variable Frequency Drive Market, By Type, 2021-2030 (Usd Million)
- Table 49 Mexico Infrastructure In Variable Frequency Drive Market, By Type, 2021-2030 (Usd Million)
- Table 50 Mexico Pharmaceutical In Variable Frequency Drive Market, By Type, 2021-2030 (Usd Million)
- Table 51 Mexico Food & Beverages In Variable Frequency Drive Market, By Type, 2021-2030 (Usd Million)
- Table 52 Mexico Agriculture In Variable Frequency Drive Market, By Type, 2021-2030 (Usd Million)
- List Of Figures
- Figure 1 North America Variable Frequency Drive Market: Segmentation
- Figure 2 North America Variable Frequency Drive Market: Data Triangulation
- Figure 3 North America Variable Frequency Drive Market: Droc Analysis
- Figure 4 North America Variable Frequency Drive Market: Regional Vs Country Market Analysis
- Figure 5 North America Variable Frequency Drive Market: Company Research Analysis
- Figure 6 North America Variable Frequency Drive Market: Interview Demographics
- Figure 7 North America Variable Frequency Drive Market: Dbmr Market Position Grid
- Figure 8 North America Variable Frequency Drive Market: Vendor Share Analysis
- Figure 9 North America Variable Frequency Drive Market: Multivariate Modeling
- Figure 10 North America Variable Frequency Drive Market: Type Timeline Curve
- Figure 11 North America Variable Frequency Drive Market: Market Application Coverage Grid
- Figure 12 North America Variable Frequency Drive Market: Segmentation
- Figure 13 Technology Advancements In The Variable Frequency Drive Is Expected To Drive The North America Variable Frequency Drive Market In The Forecast Period Of 2023 To 2030
- Figure 14 Ac Drive Is Expected To Account For The Largest Share Of The North America Variable Frequency Drive Market In The Forecast Period Of 2023 To 2030
- Figure 15 Technological Trends In Variable Frequency Drives (Vfds)
- Figure 16 Technology Life Cycle Curve
- Figure 17 Drivers, Restraints, Opportunities, And Challenges Of The North American Variable Frequency Drive Market
- Figure 18 North America Variable Frequency Drive Market: By Type, 2022
- Figure 19 North America Variable Frequency Drive Market: By Power Rating, 2022
- Figure 20 North America Variable Frequency Drive Market: By Voltage, 2022
- Figure 21 North America Variable Frequency Drive Market: By Application, 2022
- Figure 22 North America Variable Frequency Drive Market: By End User, 2022
- Figure 23 North America Variable Frequency Drive Market: Snapshot (2022)
- Figure 24 North America Variable Frequency Drive Market: By Country (2022)
- Figure 25 North America Variable Frequency Drive Market: By Country (2023 & 2030)
- Figure 26 North America Variable Frequency Drive Market: By Country (2022 & 2030)
- Figure 27 North America Variable Frequency Drive Market: By Type (2023-2030)
- Figure 28 North America Variable Frequency Drive Market: Company Share 2022 (%)
Research Assistance
Download our eBook: How to Succeed Using Market Research
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook