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U.S. Variable Frequency Drive Market Current and Future Industry Trends, 2019 ? 2024

Author : Rahul Sankrityayan | Published Date : 2019-07-01 

The U.S. Variable Frequency Drive Market report, added by Global Market Insights, LLC, descriptively covers the present & future growth trends, in addition to highlighting the global expanse of this industry and elaborating the regional share and contribution of each region of the U.S. Variable Frequency Drive Market. The study evaluates the competitive environment, strategies undertaken by prominent players, supply & demand analysis, and revenue growth statistics.

Variable Frequency Drive (VFD) Market across the U.S. in 2018 exceeded an annual deployment of 2,000 thousand units and is predicted to surpass USD 3,000 million by 2025. Rising environmental concern favored by introduction of directives & reforms associated with energy efficiency will boost the industry growth. Rapid industrial expansion coupled with inclination shift towards energy optimization across large-scale industries will positively influence the product demand. Furthermore, regulatory incentives, investments in R&D and increasing demand for operational enhancements are a few essential factors complementing the business outlook.

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Medium VFD market is anticipated to grow over 1% by 2025. User's operational profitability and ability to offer quick return on investment by enhancing the process will favor the product penetration. System reliability, declining operational cost, reduced equipment setup time, power factor control, low maintenance and energy savings are few parameters evaluated to nourish the industry landscape.

Direct current (DC) VFD market is projected to witness an annual installation of over 600 thousand units by 2025. Constant speed, high start-up torque, and simple circuits are the primary factors encouraging the product adoption. Although, these products need high maintenance, can deteriorate over time and often face mechanical problems have been hindering the product penetration. However, DC drives turn up to be less complicated than the AC drives, can be easily installed and advanced programming software provided by manufacturers will further strengthen the industry landscape.

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In the recent years, MV drives have witnessed an upsurge on account of their wide application across commercial and industrial establishments. Ongoing retrofitting & replacement of prevailing technologies in conjunction with restructuring of industry mandates and regulations has infused a favorable industry scenario. Rising fund allocation coupled with increasing industrial focus towards the advancement of traditional units across the country will further drive the VFD market.

Over the years, installation of variable frequency drives has upscaled on account of their flexible HVAC applications, mainly through capacity variation. However, these products have witnessed large scale deployment primarily through cost competitiveness and enhanced energy saving feature. Rapid modifications in applicable standards and codes have mandated the incorporation of these products across food industry components which in turn has energized the U.S. variable frequency market.

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Industrial shift towards energy efficiency, decreasing energy consumption, declining maintenance costs and rising productivity has obligated manufacturers to adopt enhanced technologies in accordance with the existing standards and codes. In addition, ongoing technological enhancements along with integration of innovative units will further complement the U.S. VFD market.

Eminent U.S. variable frequency drive (VFD) market players include Johnson Controls, Emerson, Danfoss, Siemens, Honeywell, ABB, Mitsubishi, CG, Schneider, Rockwell, Eaton, Hiconics, WEG Electric, Yaskawa and Hitachi.

About Author

Rahul Sankrityayan

Rahul Sankrityayan

Fortified with a post-graduate degree in Computer Applications, Rahul Sankrityan writes for Fractovia, where he pens down news and articles spanning across segments of technology industry that excite him on a day-to-day basis. Rahul comes with a rich experience in technical field as well as writing. He can be contacted at- [email protected] | https://twitter.com/sankritsays

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