U.S. Variable Frequency Drives Market Size - By Voltage (Low, Medium), By Drive (AC, DC, Servo), By Application (Pump, Fan, Conveyor, Compressor, Extruder), By End-Use (Oil & Gas, Power Generation, Mining & Metals, Pulp & Paper, Marine) & Forecasts, 2023

U.S. Variable Frequency Drives Market Size - By Voltage (Low, Medium), By Drive (AC, DC, Servo), By Application (Pump, Fan, Conveyor, Compressor, Extruder), By End-Use (Oil & Gas, Power Generation, Mining & Metals, Pulp & Paper, Marine) & Forecasts, 2023 - 2032


The U.S. Variable Frequency Drives Market is anticipated to showcase a CAGR of 3.3% over 2023 to 2032. The industry growth is driven by the growing emphasis on energy efficiency in industries. Variable frequency drives or VFDs enable precise control of motor speed, thereby optimizing energy consumption and reducing operational costs.

Moreover, the burgeoning industrial automation trend is propelling the market forward. The reports cite that industrial automation industry was worth over USD 165 billion in 2019 and is slated to surpass USD 295 billion by 2026. VFDs are integral to automating processes, ensuring precision, and enhancing overall productivity. These factors, coupled with the inclination for sustainable solutions, are creating a conducive environment for market expansion.

The U.S. variable frequency drives industry is divided on the basis on voltage, drive, application, end-use, and region.

Based on voltage, the low voltage segment is slated to register over 3% CAGR through 2032, as these VFDs are versatile and find applications across a wide range of industries, including manufacturing, HVAC, and wastewater treatment. Their cost-effectiveness, ease of installation, and ability to deliver substantial energy savings make them a preferred choice for many businesses. As the emphasis on energy efficiency continues to grow, the low voltage VFDS are poised to gain traction.

As per drive, the servo drive segment will grow with a rate over 2% during 2023-2932. Servo drives offer unparalleled precision and accuracy in controlling motor speed and position. Their adoption has been particularly prominent in industries that demand precise motion control, such as robotics and CNC machining. The increasing prioritization of precision and efficiency in the operations will favor the incorporation of servo drives across industries.

Speaking of application scope, the U.S. variable frequency drives market share from compressors application is touted to grow at over 3% CAGR during the study period, owing to the significance of VFDs in optimizing compressor performance. By varying the motor speed according to demand, VFDs ensure that compressors operate at their peak efficiency, reducing energy consumption and extending the equipment's lifespan. The need for energy-efficient solutions across various sectors will augment the industry growth from compressor segment.

Moving on to end-use, the mining and metals segment of the U.S. variable frequency drives industry is poised to record more than 3% CAGR through 2032. These drives enable precise control of machinery, enhancing safety and productivity in challenging environments. As the industry rebounds from cyclical fluctuations and strives for sustainability, the adoption of VFDs is on the rise. This technology not only optimizes mineral processing but also contributes to reducing the carbon footprint of mining operations, aligning with global environmental goals. The increasing focus on making the metal & mineral processing sector energy-efficient as well as eco-friendly will boost the demand for VFDs in the U.S.


Chapter 1 Methodology & Scope
1.1 Market definitions
1.2 Base estimates & calculations
1.3 Forecast calculation
1.4 Data sources
1.4.1 Primary
1.4.2 Secondary
1.4.2.1 Paid
1.4.2.2 Public
Chapter 2 US Variable Frequency Drives Industry Insights
2.1 Industry ecosystem analysis
2.1.1 Vendor Matrix
2.2 Regulatory landscape
2.3 Industry impact forces
2.3.1 Growth drivers
2.3.2 Industry pitfalls & challenges
2.4 COVID- 19 impact on the industry outlook
2.5 Growth potential analysis
2.6 Porter's Analysis
2.6.1 Bargaining power of suppliers
2.6.2 Bargaining power of buyers
2.6.3 Threat of new entrants
2.6.4 Threat of substitutes
2.7 PESTEL Analysis
Chapter 3 Competitive Benchmarking
3.1 Innovation & sustainability landscape
3.2 Competitive landscape, 2023
3.2.1 Strategic dashboard
Chapter 4 US Variable Frequency Drives Market, By Voltage ('000 Units & USD Million)
4.1 Key voltage trends
4.2 Low
4.3 Medium
Chapter 5 US Variable Frequency Drives Market, By Drive ('000 Units & USD Million)
5.1 Key drive trends
5.2 AC
5.3 DC
5.4 Servo
Chapter 6 US Variable Frequency Drives Market, By Application ('000 Units & USD Million)
6.1 Key application trends
6.2 Pump
6.3 Fan
6.4 Conveyor
6.5 Compressor
6.6 Extruder
6.7 Others
Chapter 7 US Variable Frequency Drives Market, By End-Use ('000 Units & USD Million)
7.1 Key end-use trends
7.2 Oil & Gas
7.3 Power Generation
7.4 Mining & Metals
7.5 Pulp & Paper
7.6 Marine
7.7 Others
Chapter 8 Company Profiles
8.1 General Electric
8.2 Siemens
8.3 Johnson Controls
8.4 Honeywell International, Inc.
8.5 Emerson Electric Co.
8.6 ABB
8.7 Schneider Electric
8.8 Mitsubishi Electric Corporation
8.9 Eaton
8.10 Fuji Electric Corp. of America
8.11 Rockwell Automation
8.12 WEG
8.13 Yaskawa America, Inc.
8.14 Danfoss
8.15 Hitachi Industrial Equipment & Solutions America, LLC
8.16 Nidec Industrial Solutions
8.17 TRIOL CORPORATION
Data Tables
TABLE 1 Industry impact forces
TABLE 2 U.S. market from low, 2019 - 2022 (Volume & Revenue)
TABLE 3 U.S. market from low, 2023 - 2027 (Volume & Revenue)
TABLE 4 U.S. market from low, 2028 - 2032 (Volume & Revenue)
TABLE 5 U.S. market from medium, 2019 - 2022 (Volume & Revenue)
TABLE 6 U.S. market from medium, 2023 - 2027 (Volume & Revenue)
TABLE 7 U.S. market from medium, 2028 - 2032 (Volume & Revenue)
TABLE 8 U.S. market from AC, 2019 - 2022 (Volume & Revenue)
TABLE 9 U.S. market from AC, 2023 - 2027 (Volume & Revenue)
TABLE 10 U.S. market from AC, 2028 - 2032 (Volume & Revenue)
TABLE 11 U.S. market from DC, 2019 - 2022 (Volume & Revenue)
TABLE 12 U.S. market from DC, 2023 - 2027 (Volume & Revenue)
TABLE 13 U.S. market from DC, 2028 - 2032 (Volume & Revenue)
TABLE 14 U.S. market from servo, 2019 - 2022 (Volume & Revenue)
TABLE 15 U.S. market from servo, 2023 - 2027 (Volume & Revenue)
TABLE 16 U.S. market from servo, 2028 - 2032 (Volume & Revenue)
TABLE 17 U.S. market from pump, 2019 - 2022 (Volume & Revenue)
TABLE 18 U.S. market from pump, 2023 - 2027 (Volume & Revenue)
TABLE 19 U.S. market from pump, 2028 - 2032 (Volume & Revenue)
TABLE 20 U.S. market from fan, 2019 - 2022 (Volume & Revenue)
TABLE 21 U.S. market from fan, 2023 - 2027 (Volume & Revenue)
TABLE 22 U.S. market from fan, 2028 - 2032 (Volume & Revenue)
TABLE 23 U.S. market from conveyor, 2019 - 2022 (Volume & Revenue)
TABLE 24 U.S. market from conveyor, 2023 - 2027 (Volume & Revenue)
TABLE 25 U.S. market from conveyor, 2028 - 2032 (Volume & Revenue)
TABLE 26 U.S. market from compressor, 2019 - 2022 (Volume & Revenue)
TABLE 27 U.S. market from compressor, 2023 - 2027 (Volume & Revenue)
TABLE 28 U.S. market from compressor, 2028 - 2032 (Volume & Revenue)
TABLE 56 U.S. market from extruder, 2019 - 2022 (Volume & Revenue)
TABLE 57 U.S. market from extruder, 2023 - 2027 (Volume & Revenue)
TABLE 58 U.S. market from extruder, 2028 - 2032 (Volume & Revenue)
TABLE 59 U.S. market from others, 2019 - 2022 (Volume & Revenue)
TABLE 60 U.S. market from others, 2023 - 2027 (Volume & Revenue)
TABLE 61 U.S. market from others, 2028 - 2032 (Volume & Revenue)
TABLE 62 U.S. market from oil & gas, 2019 - 2022 (Volume & Revenue)
TABLE 63 U.S. market from oil & gas, 2023 - 2027 (Volume & Revenue)
TABLE 64 U.S. market from oil & gas, 2028 - 2032 (Volume & Revenue)
TABLE 65 U.S. market from power generation, 2019 - 2022 (Volume & Revenue)
TABLE 66 U.S. market from power generation, 2023 - 2027 (Volume & Revenue)
TABLE 67 U.S. market from power generation, 2028 - 2032 (Volume & Revenue)
TABLE 68 U.S. market from mining & metals, 2019 - 2022 (Volume & Revenue)
TABLE 69 U.S. market from mining & metals, 2023 - 2027 (Volume & Revenue)
TABLE 70 U.S. market from mining & metals, 2028 - 2032 (Volume & Revenue)
TABLE 71 U.S. market from pulp & paper, 2019 - 2022 (Volume & Revenue)
TABLE 72 U.S. market from pulp & paper, 2023 - 2027 (Volume & Revenue)
TABLE 73 U.S. market from pulp & paper, 2028 - 2032 (Volume & Revenue)
TABLE 74 U.S. market from marine, 2019 - 2022 (Volume & Revenue)
TABLE 75 U.S. market from marine, 2023 - 2027 (Volume & Revenue)
TABLE 76 U.S. market from marine, 2028 - 2032 (Volume & Revenue)
TABLE 77 U.S. market from others, 2019 - 2022 (Volume & Revenue)
TABLE 78 U.S. market from others, 2023 - 2027 (Volume & Revenue)
TABLE 79 U.S. market from others, 2028 - 2032 (Volume & Revenue)
Charts & Figures
FIG. 1 GMI report coverage: critical research elements
FIG. 2 Industry segmentation
FIG. 3 Market forecasting methodology
FIG. 4 Profile break-up of primary respondents
FIG. 5 Industry ecosystem analysis
FIG. 6 Overall view of COVID- 19 effect, 2019 - 2032 (USD Million)
FIG. 7 Growth potential analysis
FIG. 8 Porter's Analysis
FIG. 9 PESTEL Analysis
FIG. 10 SWOT Analysis, General Electric
FIG. 11 SWOT Analysis, Siemens
FIG. 12 SWOT Analysis, Johnson Controls
FIG. 13 SWOT Analysis, Honeywell International, Inc.
FIG. 14 SWOT Analysis, Emerson Electric Co.
FIG. 15 SWOT Analysis, ABB
FIG. 16 SWOT Analysis, Schneider Electric
FIG. 17 SWOT Analysis, Mitsubishi Electric Corporation
FIG. 18 SWOT Analysis, Eaton
FIG. 19 SWOT Analysis, Fuji Electric Corp. of America
FIG. 20 SWOT Analysis, Rockwell Automation
FIG. 21 SWOT Analysis, WEG
FIG. 22 SWOT Analysis, Yaskawa America, Inc.
FIG. 23 SWOT Analysis, Danfoss
FIG. 24 SWOT Analysis, Hitachi Industrial Equipment & Solutions America, LLC
FIG. 25 SWOT Analysis, Nidec Industrial Solutions
FIG. 26 SWOT Analysis, TRIOL CORPORATION

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