August 23, 2019
U.S. variable frequency drive market is anticipated to accrue US $3000 million by 2025, according to the latest research available at Market Study Report LLC, report provides extensively data on market share, growth, trends and forecasts for the period 2019-2025.
The U.S. VFD market registered a deployment of 2 million units in the year 2018, owing to the rapid industrialization and increased adoption of energy optimized operations. Awareness regarding the environmental degradation, in consort with incentive regulations, rising R&D investment and demand for improved energy-efficient operations will stimulate the growth of variable frequency drive market.
Based on the power range, VFD market from medium drive segment is expected to register 1% growth over the forecast period. The product promises quick ROI and profits by enhancing the operational efficiency. Other features fueling the product demand include low maintenance, power factor control, lesser operational cost, energy saving and less equipment setup time.
Considering the drive type, direct current VFD offers simpler circuits, constant speed and high start-up torque, on account of which DC VFD market size is anticipated to surpass a deployment of 600 thousand units by 2025. Though DC drives are preferred over AC drives because of former’s easy installation and advanced programming, but the high maintenance, eventual deterioration and mechanical issues will hamper the product demand, cites the report.
Moreover, medium voltage VFDs are being used extensively for industrial as well as commercial applications. The amendments in industrial regulations leading to renovation of existing technologies is contributing towards the product outlook. Increasing investments in industrial sector and advancements of conventional units will propel the VFD market.
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According to the report, variable frequency drives provide capacity variation enabling its application in flexible HVAC operations. Stringent standards and codes have encouraged adoption of the product in food industry. However, the energy saving feature at an effective price is the main feature driving the US VFD market.
As the requirement of higher productivity, minimum maintenance cost and energy efficient alternatives becomes commonplace, the VFD manufacturers are encouraged to offer products having innovative and improved technologies based on US standards. The key players in variable frequency drive market operating in the US region include Danfoss, Mitsubishi, Johnson Controls, Eaton, Honeywell, Emerson, Rockwell, Schneider, Yaskawa, Siemens, CG, Hiconics, Hitachi, ABB, and WEG Electric.