North America Variable Frequency Drive Market – Industry Trends and Forecast to 2030

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North America Variable Frequency Drive Market – Industry Trends and Forecast to 2030

  • Semiconductors and Electronics
  • Published Report
  • Sep 2023
  • Country Level
  • 350 Pages
  • No of Tables: 52
  • No of Figures: 28

North America Variable Frequency Drive Market

Market Size in USD Billion

CAGR :  % Diagram

Diagram Forecast Period
2023 –2030
Diagram Market Size (Base Year)
USD MILLION
Diagram Market Size (Forecast Year)
USD 7,717.39
Diagram CAGR
%
Diagram Major Markets Players
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North American 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) - Industry Trends and Forecast to 2030.

North America Variable Frequency Drive Market

North America Variable Frequency Drive Market Analysis and Insights

The North America variable frequency drive market is undergoing a significant transformation due to the increasing demand for energy-efficient devices. This demand surge can be attributed to growing environmental concerns, stringent energy efficiency regulations, and a shift toward sustainable practices. VFDs, also known as adjustable speed drives, are crucial components in industrial and commercial applications, as they regulate the speed and power consumption of electric motors. The rising emphasis on reducing energy consumption and carbon emissions has led industries across North America to seek out VFDs as a solution to optimize energy usage.

North America Variable Frequency Drive MarketNorth America Variable Frequency Drive Market

Data Bridge Market Research analyzes that the North America variable frequency drive market is expected to reach a value of USD 7,717.39 million by 2030, at a CAGR of 4.8% during the forecast period.                 

Report Metric

Details

Forecast Period

2023 to 2030

Base Year

2022

Historic Years

2021 (Customizable to 2015 – 2020)

Quantitative Units

Revenue in USD Million

Segments Covered

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)    

Countries Covered

U.S., Canada, and Mexico

Market Players Covered

ABB, Phase Technologies, LLC., Eaton., Rockwell Automation, Johnson Controls., WEG., Honeywell International Inc., NORD Drivesystems Pvt. Ltd., Inovance Technology Europe GmbH, Anaheim Automation, Inc., SEW-EURODRIVE, Nidec Motor Corporation (A Subsidiary of NIDEC Group Company), TMEIC, YASKAWA ELECTRIC CORPORATION., Gozuk, PARKER HANNIFIN CORP, Delta Electronics, Inc., and Danfoss A/S among others 

Market Definition

Fleet The variable frequency drive market encompasses the production, distribution, and sale of devices designed to regulate electric motor speed and torque. Widely used in industrial and commercial applications, VFDs enable precise control by adjusting input frequency and voltage. This market is characterized by diverse product types, applications spanning HVAC systems to industrial machinery, and a focus on energy efficiency and integration with advanced technologies.

The VFD market's growth is driven by industries seeking energy savings, enhanced motor control, and automation. Competitive dynamics arise from various manufacturers offering a range of VFD products tailored to different power ranges, voltage, and industrial needs. Challenges include ensuring compatibility and addressing electromagnetic interference concerns. Overall, the VFD market plays a pivotal role in optimizing energy consumption and operational efficiency across sectors.

North America Variable Frequency Drive Market Dynamics

This section deals with understanding the market drivers, advantages, opportunities, restraints, and challenges. All of this is discussed in detail below:    

Drivers

  • Increasing in Demand for the Energy Efficiency Devices

The North America variable frequency drive market is undergoing a significant transformation due to the increasing demand for energy-efficient devices. This demand surge can be attributed to growing environmental concerns, stringent energy efficiency regulations, and a shift toward sustainable practices. VFDs, also known as adjustable speed drives, are crucial components in industrial and commercial applications, as they regulate the speed and power consumption of electric motors. The rising emphasis on reducing energy consumption and carbon emissions has led industries across North America to seek out VFDs as a solution to optimize energy usage.

  • Technology Advancements in the Variable Frequency Drive

The North American variable frequency drive market is witnessing a dynamic shift driven by rapid technological advancements. These innovations are revolutionizing the capabilities and applications of VFDs, making them more efficient, versatile, and user-friendly. One of the key technological trends is the integration of advanced sensors and IoT capabilities within VFD systems. These sensors provide real-time data on motor performance, energy consumption, and operational health, enabling predictive maintenance strategies and enhancing overall system reliability.

North America Variable Frequency Drive Market

Opportunity

  • Increasing Demand for Variable Frequency Drives in Power Generation

Variable frequency drives (VFDs) play a crucial role in enhancing the efficiency and performance of electric motors in various industries, including power generation. By enabling precise control of motor speed and torque, VFDs contribute to energy savings and improved process management. The North American Variable Frequency Drive Market is experiencing a significant opportunity driven by the increasing demand for VFDs in power generation applications.

Challenge/ Restraint

  • High Cost of Variable Frequency Drive

The North America variable Frequency Drive market has witnessed substantial growth in recent years due to its potential to enhance energy efficiency and optimize industrial processes. However, a significant challenge that has restrained the widespread adoption of VFDs is the relatively high cost associated with these systems. Variable Frequency Drives are complex devices that require advanced technology to control motor speed and voltage, which can lead to higher manufacturing and installation costs. This expense becomes particularly pronounced when retrofitting existing industrial setups with VFDs, making the initial investment a deterrent for many businesses.

  • High Maintenance and Service requirements 

The North America variable frequency drive market is confronted with the significant challenge of high maintenance and service requirements associated with these complex electronic devices. While VFDs offer enhanced control and energy efficiency benefits, their intricate components and electronics demand specialized expertise for maintenance and servicing.

Recent Developments

  • In August 2023, Danfoss A/S introduced the VLT Real-time Clock MCB 117 option for all VLT drives, enhancing data accuracy by providing a consistent system clock with battery backup. Precise time stamps aid in error analysis and troubleshooting, improving event understanding and causal identification. With easy installation and synchronization, this option offers advanced time-stamped data logging benefits for better insights across the entire VLT drive range.
  • In June 2023, Honeywell International Inc.'s dedication to exceptional design was highlighted through its reception of 10 prestigious product design awards, including the Red Dot Design Awards and the iF Design Awards. These accolades underscore Honeywell's commitment to enhancing user experiences and prioritizing safety, efficiency, and productivity across its product offerings. With a history of over 60 international design awards, Honeywell's User Experience (HUE) team's collaborative and user-focused approach consistently shines through in their innovative solutions. 

North America Variable Frequency Drive Market Scope

The North America variable frequency drive market is segmented into five notable segments which are on the basis of type, power rating, voltage, application, and end-user. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.

Type

  • AC Drive
  • DC Drive
  • Servo Drive

On the basis of type, the market is segmented into AC drive, DC drive, and servo drive.

Power Rating

  • Micro Power Drive
  • Low Power Drive
  • Medium Power Drive
  • High Power Drive

On the basis of power rating, the market is segmented into micro power drive, low power drive, medium power drive, and high power drive.

Voltage

  • Low Voltage
  • Medium Voltage
  • High Voltage

On the basis of voltage, the market is segmented into low voltage, medium voltage, and high voltage.

Application

  • Pumps
  • Fans
  • Compressors
  • Conveyors
  • Others

On the basis of technology, the market is segmented into pumps, fans, compressors, conveyors, and others.

End User

  • Industrial
  • Oil & Gas
  • Energy & Power
  • Infrastructure
  • Pharmaceutical
  • Food & Beverages
  • Agriculture 
  • Others

On the basis of end user, the market is segmented into industrial, oil & gas, energy & power, infrastructure, pharmaceutical, food & beverages, agriculture, and others.

North America Variable Frequency Drive Market

North America Variable Frequency Drive Market Regional Analysis/Insights 

The North America variable frequency drive market is segmented into five notable segments which are on the basis of type, power rating, voltage, application, and end user. 

The countries covered in this market report U.S., Canada, and Mexico.

U.S. is expected to dominate the market because of its robust industrial sector, technological innovation, and emphasis on energy efficiency. The demand for VFDs is expected to remain high, driving market growth. In addition, the country's infrastructure projects and manufacturing activities further contribute to its leading position in the market.

The country section of the report also provides individual market-impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, regulatory acts, and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, and the impact of sales channels are considered while providing forecast analysis of the country data.

Competitive Landscape and North America Variable Frequency Drive Market Share Analysis

North America variable frequency drive market competitive landscape provides details of competitors. Details included are company overview, company financials, revenue generated, market potential, investment in R&D, new market initiatives, production sites and facilities, company strengths and weaknesses, product launch, product approvals, product width and breadth, application dominance, and product type lifeline curve. The above data points provided are only related to the company’s focus on the market.

Some of the major market players operating in the North America variable frequency drive market are ABB, Phase Technologies, LLC., Eaton., Rockwell Automation, Johnson Controls., WEG., Honeywell International Inc., NORD Drivesystems Pvt. Ltd., Inovance Technology Europe GmbH, Anaheim Automation, Inc., SEW-EURODRIVE, Nidec Motor Corporation (A Subsidiary of NIDEC Group Company), TMEIC, YASKAWA ELECTRIC CORPORATION., Gozuk, PARKER HANNIFIN CORP, Delta Electronics, Inc., and Danfoss A/S among others.


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Table of Content

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

2.1 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

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

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

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

14.1 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

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 Table

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 Figure

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 (%)

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Research Methodology

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Customization Available

Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.

Frequently Asked Questions

North America Variable Frequency Drive Market will be worth USD 7,717.39 million by 2030
North America Variable Frequency Drive Market growth rate is 4.8% during the forecast period.
Increasing Demand for Energy Efficiency Devices and technology Advancements in the Variable Frequency Drive are the growth drivers of the North America Variable Frequency Drive Market.
Basis of type, power rating, voltage, application, and end-user are the factors on which the North America Variable Frequency Drive Market research is based.
Honeywell International Inc.'s dedication to exceptional design was highlighted through its reception of 10 prestigious product design awards, including the Red Dot Design Awards and the iF Design Awards and Danfoss A/S introduced the VLT Real-time Clock MCB 117 option for all VLT drives, enhancing data accuracy by providing a consistent system clock with battery backup are the latest developments in the North America Variable Frequency Drive Market.