April 24, 2020
According to the research report titled ‘U.S. Variable Frequency Drive Market Size By Power Range, By Drive , By Voltage By Technology, By Application, By End-Us, Industry Analysis Report, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2019 – 2025’, available with Market Study Report LLC, the U.S. variable frequency drive (VFD) market registered an annual installation of more than 2,000 thousand units in 2018 and is expected to exceed USD 3,000 million by the year 2025.
Rising concerns regarding environment degradation along with favorable government regulations which promote the use of energy efficient products are boosting the growth of the U.S. variable frequency drive industry. Swift industrialization and growing inclination towards energy optimization in large-scale industries are also fostering the product demand. Increasing R&D activities, growing demand for operational improvements and favorable regulatory incentives are further fueling the market expansion.
By voltage type, medium segment is expected to grow by 1% through 2025. Ability to quickly offer returns on capital investment by improving the operational processes is fueling the segmental growth. Other factors such as energy saving, low maintenance, power factor control, low equipment setup time, reduced operational cost and system reliability are also stimulating the product penetration.
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As per the drive scope, DC (direct current) segment is predicted to record an annual deployment of more than 600 thousand units by the year 2025. Simple circuits, high start-up torque and constant speed associated with DC variable frequency drive is favoring the growth of the segment.
Key players operating in the U.S. variable frequency drive industry are Hitachi, Yaskawa, WEG Electric, Hiconics, Eaton, Rockwell, Schneider, CG, Mitsubishi, ABB, Honeywell, Siemens, Danfoss, Emerson and Johnson Controls among others.
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