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U.S. Variable Frequency Drives Market
Updated On

Feb 24 2025

Total Pages

75

U.S. Variable Frequency Drives Market to Grow at 3.4 CAGR: Market Size Analysis and Forecasts 2025-2033

U.S. Variable Frequency Drives Market by Voltage (Low, Medium), by Drive (AC, DC, Servo), by Application (Pump, Fan, Conveyor, Compressor, Extruder, Others), by End-Use (Oil & Gas, Power generation, Mining & metals, Pulp & paper, Marine, Others), by U.S. Forecast 2025-2033

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U.S. Variable Frequency Drives Market to Grow at 3.4 CAGR: Market Size Analysis and Forecasts 2025-2033

Key Insights

The size of the U.S. Variable Frequency Drives Market was valued at USD 3.2 Billion in 2024 and is projected to reach USD 4.04 Billion by 2033, with an expected CAGR of 3.4% during the forecast period. The U.S. Variable Frequency Drives (VFD) Market emphasizes the use and implementation of VFDs, which regulate the speed and torque of electric motors across different industrial applications. VFDs play an essential role in enhancing energy efficiency, minimizing motor wear and tear, and offering accurate control over motor functions, leading to their extensive application in industries like manufacturing, HVAC, water treatment, and oil and gas. The market comprises VFDs, control systems, and software designed to enhance energy efficiency, lower operational expenses, and maintain seamless operations. The U.S. market is propelled by the rising demand for energy-saving solutions, the expanding use of automation, and the necessity for systems that improve process control and dependability. Moreover, the increasing emphasis on sustainability and minimizing carbon footprints is prompting industries to invest in VFDs to achieve environmental standards and decrease energy usage. As sectors increasingly focus on efficiency and cost savings, the U.S. Variable Frequency Drives Market is anticipated to expand, supported by continuous technological progress and integration with smart technologies.

U.S. Variable Frequency Drives Market Research Report - Market Size, Growth & Forecast

U.S. Variable Frequency Drives Market Concentration & Characteristics

The market exhibits moderate concentration, with a few key players holding significant market share. Innovation plays a vital role, with companies investing heavily in R&D to develop advanced drives with enhanced features and efficiency. Regulatory frameworks governing energy efficiency standards have impacted the market, encouraging the adoption of VFDs. Substitute products, such as constant speed drives, have limited market impact due to the superior performance of VFDs. End-user concentration is primarily driven by industries that require precision motor control, such as manufacturing, energy, and utilities. The market has seen moderate M&A activity, with companies seeking strategic partnerships and acquisitions to expand their product portfolio and market reach.

U.S. Variable Frequency Drives Market Trends

The growing adoption of VFDs in the industrial sector is driven by the need for energy conservation and improved process efficiency. Smart drives with advanced communication capabilities and connectivity to IoT platforms have gained traction, enabling remote monitoring and predictive maintenance. The demand for high-performance drives capable of handling demanding applications is increasing, particularly in the oil & gas, power generation, and mining sectors. Furthermore, the integration of VFDs with renewable energy sources, such as solar and wind, is becoming increasingly common to optimize energy storage and distribution.

U.S. Variable Frequency Drives Market Growth

Key Region or Country & Segment to Dominate the Market

Key Region:

  • The United States is projected to maintain its dominance in the U.S. Variable Frequency Drives Market, accounting for a major share due to its advanced industrial infrastructure, stringent energy efficiency regulations, and high adoption rate of automation technologies.

Key Segment:

  • Application: The pump segment holds a substantial share of the market due to the extensive use of VFDs in pumping systems to regulate flow and optimize energy consumption.

U.S. Variable Frequency Drives Market Product Insights Report Coverage & Deliverables

The report provides comprehensive coverage of the U.S. Variable Frequency Drives Market, including an analysis of market size, market share, growth rate, and industry trends. It offers detailed insights into market dynamics, competitive landscape, regional analysis, and key drivers and restraints. The report also includes a list of key players and their market share, product portfolios, and recent developments.

U.S. Variable Frequency Drives Market Analysis

Market Size and Share:

  • The U.S. Variable Frequency Drives Market is valued at $3.2 Billion in 2023 and is projected to reach $4.4 Billion by 2030, exhibiting a CAGR of 3.4%.
  • The market is highly competitive, with a few key players commanding a significant market share.

Growth Drivers:

  • Rising energy costs and government regulations driving energy efficiency
  • Technological advancements enhancing drive performance
  • Increasing automation and industrialization
  • Growing demand for VFDs in emerging applications

U.S. Variable Frequency Drives Market Regional Insights

  • U.S.
    • Northeast
    • Midwest
    • South
    • West

Driving Forces: What's Propelling the U.S. Variable Frequency Drives Market

  • Energy efficiency initiatives and regulations
  • Technological advancements and product innovations
  • Growing industrial automation and digitalization
  • Increasing demand for high-performance drives

Challenges and Restraints in U.S. Variable Frequency Drives Market

  • High initial investment costs
  • Availability of low-cost alternatives
  • Lack of awareness in some sectors
  • Regulatory and compliance requirements

Emerging Trends in U.S. Variable Frequency Drives Market

  • Smart drives with IoT connectivity and data analytics
  • Integration with renewable energy sources
  • High-performance drives for demanding applications
  • Predictive maintenance and condition monitoring

U.S. Variable Frequency Drives Industry News

  • April 2024: Rockwell extends PowerFlex medium voltage drives' range to permanent magnet motor applications for high-speed operations.
  • February 2023: Franklin Electric introduces Electric PAK VFDs with smartprime touchscreen interface for mobile dewatering applications.

Leading Players in the U.S. Variable Frequency Drives Market

U.S. Variable Frequency Drives Market Segmentation

  • 1. Voltage
    • 1.1. Low
    • 1.2. Medium
  • 2. Drive
    • 2.1. AC
    • 2.2. DC
    • 2.3. Servo
  • 3. Application
    • 3.1. Pump
    • 3.2. Fan
    • 3.3. Conveyor
    • 3.4. Compressor
    • 3.5. Extruder
    • 3.6. Others
  • 4. End-Use
    • 4.1. Oil & Gas
    • 4.2. Power generation
    • 4.3. Mining & metals
    • 4.4. Pulp & paper
    • 4.5. Marine
    • 4.6. Others

U.S. Variable Frequency Drives Market Segmentation By Geography

  • 1. U.S.

U.S. Variable Frequency Drives Market Regional Share

U.S. Variable Frequency Drives Market REPORT HIGHLIGHTS

AspectsDetails
Study Period 2019-2033
Base Year 2024
Estimated Year 2025
Forecast Period2025-2033
Historical Period2019-2024
Growth RateCAGR of 3.4% from 2019-2033
Segmentation
    • By Voltage
      • Low
      • Medium
    • By Drive
      • AC
      • DC
      • Servo
    • By Application
      • Pump
      • Fan
      • Conveyor
      • Compressor
      • Extruder
      • Others
    • By End-Use
      • Oil & Gas
      • Power generation
      • Mining & metals
      • Pulp & paper
      • Marine
      • Others
  • By Geography
    • U.S.

Table of Contents

  1. 1. Introduction
    • 1.1. Research Scope
    • 1.2. Market Segmentation
    • 1.3. Research Methodology
    • 1.4. Definitions and Assumptions
  2. 2. Executive Summary
    • 2.1. Introduction
  3. 3. Market Dynamics
    • 3.1. Introduction
      • 3.2. Market Drivers
        • 3.2.1 Ongoing investment for the development of advanced industrial infrastructure
        • 3.2.2 Favourable regulatory framework and increasing deployment of energy efficient systems
      • 3.3. Market Restrains
        • 3.3.1. High initial deployment cost
      • 3.4. Market Trends
  4. 4. Market Factor Analysis
    • 4.1. Porters Five Forces
    • 4.2. Supply/Value Chain
    • 4.3. PESTEL analysis
    • 4.4. Market Entropy
    • 4.5. Patent/Trademark Analysis
  5. 5. U.S. Variable Frequency Drives Market Analysis, Insights and Forecast, 2019-2031
    • 5.1. Market Analysis, Insights and Forecast - by Voltage
      • 5.1.1. Low
      • 5.1.2. Medium
    • 5.2. Market Analysis, Insights and Forecast - by Drive
      • 5.2.1. AC
      • 5.2.2. DC
      • 5.2.3. Servo
    • 5.3. Market Analysis, Insights and Forecast - by Application
      • 5.3.1. Pump
      • 5.3.2. Fan
      • 5.3.3. Conveyor
      • 5.3.4. Compressor
      • 5.3.5. Extruder
      • 5.3.6. Others
    • 5.4. Market Analysis, Insights and Forecast - by End-Use
      • 5.4.1. Oil & Gas
      • 5.4.2. Power generation
      • 5.4.3. Mining & metals
      • 5.4.4. Pulp & paper
      • 5.4.5. Marine
      • 5.4.6. Others
    • 5.5. Market Analysis, Insights and Forecast - by Region
      • 5.5.1. U.S.
  6. 6. Competitive Analysis
    • 6.1. Market Share Analysis 2024
      • 6.2. Company Profiles
        • 6.2.1 ABB
          • 6.2.1.1. Overview
          • 6.2.1.2. Products
          • 6.2.1.3. SWOT Analysis
          • 6.2.1.4. Recent Developments
          • 6.2.1.5. Financials (Based on Availability)
        • 6.2.2 Applied Motion Products Inc.
          • 6.2.2.1. Overview
          • 6.2.2.2. Products
          • 6.2.2.3. SWOT Analysis
          • 6.2.2.4. Recent Developments
          • 6.2.2.5. Financials (Based on Availability)
        • 6.2.3 Bosch Rexroth Corporation
          • 6.2.3.1. Overview
          • 6.2.3.2. Products
          • 6.2.3.3. SWOT Analysis
          • 6.2.3.4. Recent Developments
          • 6.2.3.5. Financials (Based on Availability)
        • 6.2.4 Beckhoff Automation
          • 6.2.4.1. Overview
          • 6.2.4.2. Products
          • 6.2.4.3. SWOT Analysis
          • 6.2.4.4. Recent Developments
          • 6.2.4.5. Financials (Based on Availability)
        • 6.2.5 Danfoss
          • 6.2.5.1. Overview
          • 6.2.5.2. Products
          • 6.2.5.3. SWOT Analysis
          • 6.2.5.4. Recent Developments
          • 6.2.5.5. Financials (Based on Availability)
        • 6.2.6 Eaton
          • 6.2.6.1. Overview
          • 6.2.6.2. Products
          • 6.2.6.3. SWOT Analysis
          • 6.2.6.4. Recent Developments
          • 6.2.6.5. Financials (Based on Availability)
        • 6.2.7 Emerson Electric Co.
          • 6.2.7.1. Overview
          • 6.2.7.2. Products
          • 6.2.7.3. SWOT Analysis
          • 6.2.7.4. Recent Developments
          • 6.2.7.5. Financials (Based on Availability)
        • 6.2.8 Franklin Electric Co. Inc.
          • 6.2.8.1. Overview
          • 6.2.8.2. Products
          • 6.2.8.3. SWOT Analysis
          • 6.2.8.4. Recent Developments
          • 6.2.8.5. Financials (Based on Availability)
        • 6.2.9 Fuji Electric Corp. of America
          • 6.2.9.1. Overview
          • 6.2.9.2. Products
          • 6.2.9.3. SWOT Analysis
          • 6.2.9.4. Recent Developments
          • 6.2.9.5. Financials (Based on Availability)
        • 6.2.10 Hitachi Industrial Equipment & Solutions America LLC
          • 6.2.10.1. Overview
          • 6.2.10.2. Products
          • 6.2.10.3. SWOT Analysis
          • 6.2.10.4. Recent Developments
          • 6.2.10.5. Financials (Based on Availability)
        • 6.2.11 Honeywell International Inc.
          • 6.2.11.1. Overview
          • 6.2.11.2. Products
          • 6.2.11.3. SWOT Analysis
          • 6.2.11.4. Recent Developments
          • 6.2.11.5. Financials (Based on Availability)
        • 6.2.12 Johnson Controls
          • 6.2.12.1. Overview
          • 6.2.12.2. Products
          • 6.2.12.3. SWOT Analysis
          • 6.2.12.4. Recent Developments
          • 6.2.12.5. Financials (Based on Availability)
        • 6.2.13 Mitsubishi Electric Automation Inc.
          • 6.2.13.1. Overview
          • 6.2.13.2. Products
          • 6.2.13.3. SWOT Analysis
          • 6.2.13.4. Recent Developments
          • 6.2.13.5. Financials (Based on Availability)
        • 6.2.14 Nidec Motor Corporation
          • 6.2.14.1. Overview
          • 6.2.14.2. Products
          • 6.2.14.3. SWOT Analysis
          • 6.2.14.4. Recent Developments
          • 6.2.14.5. Financials (Based on Availability)
        • 6.2.15 Rockwell Automation
          • 6.2.15.1. Overview
          • 6.2.15.2. Products
          • 6.2.15.3. SWOT Analysis
          • 6.2.15.4. Recent Developments
          • 6.2.15.5. Financials (Based on Availability)
        • 6.2.16 Schneider Electric
          • 6.2.16.1. Overview
          • 6.2.16.2. Products
          • 6.2.16.3. SWOT Analysis
          • 6.2.16.4. Recent Developments
          • 6.2.16.5. Financials (Based on Availability)
        • 6.2.17 Siemens
          • 6.2.17.1. Overview
          • 6.2.17.2. Products
          • 6.2.17.3. SWOT Analysis
          • 6.2.17.4. Recent Developments
          • 6.2.17.5. Financials (Based on Availability)
        • 6.2.18 WEG
          • 6.2.18.1. Overview
          • 6.2.18.2. Products
          • 6.2.18.3. SWOT Analysis
          • 6.2.18.4. Recent Developments
          • 6.2.18.5. Financials (Based on Availability)
        • 6.2.19 Yaskawa America Inc.
          • 6.2.19.1. Overview
          • 6.2.19.2. Products
          • 6.2.19.3. SWOT Analysis
          • 6.2.19.4. Recent Developments
          • 6.2.19.5. Financials (Based on Availability)

List of Figures

  1. Figure 1: U.S. Variable Frequency Drives Market Revenue Breakdown (Billion, %) by Product 2024 & 2032
  2. Figure 2: U.S. Variable Frequency Drives Market Share (%) by Company 2024

List of Tables

  1. Table 1: U.S. Variable Frequency Drives Market Revenue Billion Forecast, by Region 2019 & 2032
  2. Table 2: U.S. Variable Frequency Drives Market Volume K Tons Forecast, by Region 2019 & 2032
  3. Table 3: U.S. Variable Frequency Drives Market Revenue Billion Forecast, by Voltage 2019 & 2032
  4. Table 4: U.S. Variable Frequency Drives Market Volume K Tons Forecast, by Voltage 2019 & 2032
  5. Table 5: U.S. Variable Frequency Drives Market Revenue Billion Forecast, by Drive 2019 & 2032
  6. Table 6: U.S. Variable Frequency Drives Market Volume K Tons Forecast, by Drive 2019 & 2032
  7. Table 7: U.S. Variable Frequency Drives Market Revenue Billion Forecast, by Application 2019 & 2032
  8. Table 8: U.S. Variable Frequency Drives Market Volume K Tons Forecast, by Application 2019 & 2032
  9. Table 9: U.S. Variable Frequency Drives Market Revenue Billion Forecast, by End-Use 2019 & 2032
  10. Table 10: U.S. Variable Frequency Drives Market Volume K Tons Forecast, by End-Use 2019 & 2032
  11. Table 11: U.S. Variable Frequency Drives Market Revenue Billion Forecast, by Region 2019 & 2032
  12. Table 12: U.S. Variable Frequency Drives Market Volume K Tons Forecast, by Region 2019 & 2032
  13. Table 13: U.S. Variable Frequency Drives Market Revenue Billion Forecast, by Voltage 2019 & 2032
  14. Table 14: U.S. Variable Frequency Drives Market Volume K Tons Forecast, by Voltage 2019 & 2032
  15. Table 15: U.S. Variable Frequency Drives Market Revenue Billion Forecast, by Drive 2019 & 2032
  16. Table 16: U.S. Variable Frequency Drives Market Volume K Tons Forecast, by Drive 2019 & 2032
  17. Table 17: U.S. Variable Frequency Drives Market Revenue Billion Forecast, by Application 2019 & 2032
  18. Table 18: U.S. Variable Frequency Drives Market Volume K Tons Forecast, by Application 2019 & 2032
  19. Table 19: U.S. Variable Frequency Drives Market Revenue Billion Forecast, by End-Use 2019 & 2032
  20. Table 20: U.S. Variable Frequency Drives Market Volume K Tons Forecast, by End-Use 2019 & 2032
  21. Table 21: U.S. Variable Frequency Drives Market Revenue Billion Forecast, by Country 2019 & 2032
  22. Table 22: U.S. Variable Frequency Drives Market Volume K Tons Forecast, by Country 2019 & 2032

STEP 1 - Identification of Relevant Samples Size from Population Database

Step Chart
bar chart
method chart

STEP 2 - Approaches for Defining Global Market Size (Value, Volume* & Price*)

approach chart
Top-down and bottom-up approaches are used to validate the global market size and estimate the market size for manufactures, regional segemnts, product and application.

Note* : In applicable scenarios

STEP 3 - Data Sources

Primary Research

  • Web Analytics
  • Survey Reports
  • Research Institute
  • Latest Research Reports
  • Opinion Leaders

Secondary Research

  • Annual Reports
  • White Paper
  • Latest Press Release
  • Industry Association
  • Paid Database
  • Investor Presentations
approach chart

STEP 4 - Data Triangulation

Involves using different sources of information in order to increase the validity of a study

These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.

Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.

During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence

Additionally after gathering mix and scattered data from wide range of sources, data is triangull- ated and correlated to come up with estimated figures which are further validated through primary mediums, or industry experts, opinion leader.

Frequently Asked Questions

1. What is the projected Compound Annual Growth Rate (CAGR) of the U.S. Variable Frequency Drives Market?

The projected CAGR is approximately 3.4%.

2. Which companies are prominent players in the U.S. Variable Frequency Drives Market?

Key companies in the market include 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..

3. What are the main segments of the U.S. Variable Frequency Drives Market?

The market segments include Voltage, Drive, Application, End-Use.

4. Can you provide details about the market size?

The market size is estimated to be USD 3.2 Billion as of 2022.

5. What are some drivers contributing to market growth?

Ongoing investment for the development of advanced industrial infrastructure. Favourable regulatory framework and increasing deployment of energy efficient systems.

6. What are the notable trends driving market growth?

N/A

7. Are there any restraints impacting market growth?

High initial deployment cost.

8. Can you provide examples of recent developments in the market?

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.

9. What pricing options are available for accessing the report?

Pricing options include single-user, multi-user, and enterprise licenses priced at USD 2,550, USD 3,050, and USD 5,050 respectively.

10. Is the market size provided in terms of value or volume?

The market size is provided in terms of value, measured in Billion and volume, measured in K Tons.

11. Are there any specific market keywords associated with the report?

Yes, the market keyword associated with the report is "U.S. Variable Frequency Drives Market," which aids in identifying and referencing the specific market segment covered.

12. How do I determine which pricing option suits my needs best?

The pricing options vary based on user requirements and access needs. Individual users may opt for single-user licenses, while businesses requiring broader access may choose multi-user or enterprise licenses for cost-effective access to the report.

13. Are there any additional resources or data provided in the U.S. Variable Frequency Drives Market report?

While the report offers comprehensive insights, it's advisable to review the specific contents or supplementary materials provided to ascertain if additional resources or data are available.

14. How can I stay updated on further developments or reports in the U.S. Variable Frequency Drives Market?

To stay informed about further developments, trends, and reports in the U.S. Variable Frequency Drives Market, consider subscribing to industry newsletters, following relevant companies and organizations, or regularly checking reputable industry news sources and publications.

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