north america variable frequency drive market

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

  • Published Date: 2023-08-17
  • Report ID: 144874
  • Pages: 250
  • Format: prudent report format

North America variable frequency drive market is expected to reach USD 7,717.39 million by 2030 from USD 5,328.10 million in 2022, growing at a CAGR of 4.8% during the forecast period of 2023 to 2030.
Market Segmentation:
North America 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), Country (U.S., Canada, and Mexico) - Industry Trends and Forecast to 2030

Overview of North America Variable Frequency Drive Market Dynamics :

Driver

Increasing demand for energy efficiency devices
Restraint

High cost of variable frequency drive
Opportunity

Increasing demand for variable frequency drive in power generation

Market Players:

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


TABLE OF CONTENTS
1 INTRODUCTION 14
1.1 OBJECTIVES OF THE STUDY 14
1.2 MARKET DEFINITION 14
1.3 OVERVIEW OF THE NORTH AMERICA VARIABLE FREQUENCY DRIVE MARKET 14
1.4 CURRENCY AND PRICING 16
1.5 LIMITATIONS 16
1.6 MARKETS COVERED 16
2 MARKET SEGMENTATION 19
2.1 MARKETS COVERED 19
2.2 GEOGRAPHICAL SCOPE 20
2.3 YEARS CONSIDERED FOR THE STUDY 20
2.4 DBMR TRIPOD DATA VALIDATION MODEL 21
2.5 PRIMARY INTERVIEWS WITH KEY OPINION LEADERS 24
2.6 DBMR MARKET POSITION GRID 25
2.7 VENDOR SHARE ANALYSIS 26
2.8 MULTIVARIATE MODELING 27
2.9 TYPE TIMELINE CURVE 28
2.10 MARKET APPLICATION COVERAGE GRID 29
2.11 SECONDARY SOURCES 30
2.12 ASSUMPTIONS 30
3 EXECUTIVE SUMMARY 31
4 PREMIUM INSIGHTS 33
4.1 TECHNOLOGICAL ADVANCEMENT 34
4.1.1 MODULAR AND COMPACT DESIGNS 35
4.1.2 SMART AND DIGITAL FEATURES 35
4.1.3 GREEN AND SUSTAINABLE SOLUTIONS 36
4.1.4 TECHNOLOGY LIFE CYCLE CURVE 36
4.1.5 ALTERNATIVES OF VARIABLE FREQUENCY DRIVES 37
4.2 WARRANTY PERIOD 38
4.3 PRICING ANALYSIS 39
4.4 LIST OF VFD MANUFACTURERS WITH THE FOLLOWING DISTRIBUTOR ACROSS NORTH AMERICA 40
4.5 END USER ANALYSIS 41
5 MARKET OVERVIEW 43
5.1 DRIVERS 45
5.1.1 INCREASING DEMAND FOR THE ENERGY EFFICIENCY DEVICES 45
5.1.2 TECHNOLOGY ADVANCEMENTS IN THE VARIABLE FREQUENCY DRIVE 46
5.2 RESTRAINTS 47
5.2.1 HIGH COST OF VARIABLE FREQUENCY DRIVE 47
5.2.2 COMPLEXITY AND COMPATIBILITY ISSUES RELATED TO VARIABLE FREQUENCY DRIVE 48
5.3 OPPORTUNITIES 49
5.3.1 INCREASING DEMAND FOR VARIABLE FREQUENCY DRIVES IN POWER GENERATION 49
5.3.2 INTEGRATION OF HVAC AND BUILDING AUTOMATION 50
5.4 CHALLENGES 52
5.4.1 LACK OF SKILLED LABOR AND PROFESSIONALS 52
5.4.2 HIGH MAINTENANCE AND SERVICE REQUIREMENTS 53
6 NORTH AMERICA VARIABLE FREQUENCY DRIVE MARKET, BY TYPE 54
6.1 OVERVIEW 55
6.2 AC DRIVE 56
6.3 DC DRIVE 56
6.4 SERVO DRIVE 56
7 NORTH AMERICA VARIABLE FREQUENCY DRIVE MARKET, BY POWER RATING 57
7.1 OVERVIEW 58
7.2 MICRO POWER DRIVE 59
7.3 LOW POWER DRIVE 59
7.4 MEDIUM POWER DRIVE 59
7.5 HIGH POWER DRIVE 59
8 NORTH AMERICA VARIABLE FREQUENCY DRIVE MARKET, BY VOLTAGE 60
8.1 OVERVIEW 61
8.2 LOW VOLTAGE 62
8.3 MEDIUM VOLTAGE 62
8.4 HIGH VOLTAGE 62
9 NORTH AMERICA VARIABLE FREQUENCY DRIVE MARKET, BY APPLICATION 63
9.1 OVERVIEW 64
9.2 PUMPS 65
9.3 FANS 65
9.4 COMPRESSORS 65
9.5 CONVEYORS 65
9.6 OTHERS 65
10 NORTH AMERICA VARIABLE FREQUENCY DRIVE MARKET, BY END USER 66
10.1 OVERVIEW 67
10.2 INDUSTRIAL 68
10.2.1 AC DRIVE 68
10.2.2 DC DRIVE 68
10.2.3 SERVO DRIVE 68
10.3 OIL & GAS 69
10.3.1 AC DRIVE 69
10.3.2 DC DRIVE 69
10.3.3 SERVO DRIVE 69
10.4 ENERGY & POWER 69
10.4.1 AC DRIVE 70
10.4.2 DC DRIVE 70
10.4.3 SERVO DRIVE 70
10.5 INFRASTRUCTURE 70
10.5.1 AC DRIVE 70
10.5.2 DC DRIVE 70
10.5.3 SERVO DRIVE 70
10.6 PHARMACEUTICAL 71
10.6.1 AC DRIVE 71
10.6.2 DC DRIVE 71
10.6.3 SERVO DRIVE 71
10.7 FOOD & BEVERAGES 71
10.7.1 AC DRIVE 72
10.7.2 DC DRIVE 72
10.7.3 SERVO DRIVE 72
10.8 AGRICULTURE 72
10.8.1 AC DRIVE 72
10.8.2 DC DRIVE 72
10.8.3 SERVO DRIVE 72
10.9 OTHERS 72
11 NORTH AMERICA VARIABLE FREQUENCY DRIVE MARKET, BY COUNTRY 73
11.1 NORTH AMERICA 73
11.2 U.S. 78
11.3 CANADA 81
11.4 MEXICO 84
12 NORTH AMERICA VARIABLE FREQUENCY DRIVE MARKET, COMPANY LANDSCAPE 87
12.1 COMPANY SHARE ANALYSIS: NORTH AMERICA 87
13 SWOT ANALYSIS 88
14 COMPANY PROFILE 89
14.1 EATON. 89
14.1.1 COMPANY SNAPSHOT 89
14.1.2 REVENUE ANALYSIS 90
14.1.3 PRODUCT PORTFOLIO 90
14.1.4 RECENT DEVELOPMENTS 91
14.2 ABB 93
14.2.1 COMPANY SNAPSHOT 93
14.2.2 REVENUE ANALYSIS 93
14.2.3 PRODUCT PORTFOLIO 94
14.2.4 RECENT DEVELOPMENTS 94
14.3 JOHNSON CONTROLS. 96
14.3.1 COMPANY SNAPSHOT 96
14.3.2 REVENUE ANALYSIS 96
14.3.3 PRODUCT PORTFOLIO 97
14.3.4 RECENT DEVELOPMENT 97
14.4 ROCKWELL AUTOMATION 98
14.4.1 COMPANY SNAPSHOT 98
14.4.2 REVENUE ANALYSIS 98
14.4.3 PRODUCT PORTFOLIO 99
14.4.4 RECENT DEVELOPMENT 100
14.5 DANFOSS A/S 102
14.5.1 COMPANY SNAPSHOT 102
14.5.2 REVENUE ANALYSIS 102
14.5.3 PRODUCT PORTFOLIO 103
14.5.4 RECENT DEVELOPMENTS 103
14.6 ANAHEIM AUTOMATION, INC. 104
14.6.1 COMPANY SNAPSHOT 104
14.6.2 PRODUCTS PORTFOLIO 104
14.6.3 RECENT DEVELOPMENTS 105
14.7 DELTA ELECTRONICS, INC. 107
14.7.1 COMPANY SNAPSHOT 107
14.7.2 REVENUE ANALYSIS 107
14.7.3 PRODUCT PORTFOLIO 108
14.7.4 RECENT DEVELOPMENTS 108
14.8 GOZUK 109
14.8.1 COMPANY SNAPSHOT 109
14.8.2 PRODUCT PORTFOLIO 109
14.8.3 RECENT DEVELOPMENTS 109
14.9 HONEYWELL INTERNATIONAL INC. 110
14.9.1 COMPANY SNAPSHOT 110
14.9.2 REVENUE ANALYSIS 110
14.9.3 PRODUCT PORTFOLIO 111
14.9.4 RECENT DEVELOPMENTS 112
14.10 INOVANCE TECHNOLOGY EUROPE GMBH 113
14.10.1 COMPANY SNAPSHOT 113
14.10.2 PRODUCT PORTFOLIO 113
14.10.3 RECENT DEVELOPMENT 113
14.11 NIDEC MOTOR CORPORATION (A SUBSIDIARY OF NIDEC GROUP COMPANY) 114
14.11.1 COMPANY SNAPSHOT 114
14.11.2 REVENUE ANALYSIS 114
14.11.3 PRODUCT PORTFOLIO 115
14.11.4 RECENT DEVELOPMENTS 115
14.12 NORD DRIVESYSTEMS PVT. LTD. 116
14.12.1 COMPANY SNAPSHOT 116
14.12.2 PRODUCT PORTFOLIO 116
14.12.3 RECENT DEVELOPMENT 116
14.13 PARKER HANNIFIN CORP (2022) 117
14.13.1 COMPANY SNAPSHOT 117
14.13.2 REVENUE ANALYSIS 117
14.13.3 PRODUCT PORTFOLIO 118
14.13.4 RECENT DEVELOPMENT 118
14.14 PHASE TECHNOLOGIES, LLC. 119
14.14.1 COMPANY SNAPSHOT 119
14.14.2 PRODUCT PORTFOLIO 119
14.14.3 RECENT DEVELOPMENTS 120
14.15 SEW-EURODRIVE 121
14.15.1 COMPANY SNAPSHOT 121
14.15.2 PRODUCT PORTFOLIO 121
14.15.3 RECENT DEVELOPMENTS 122
14.16 TMEIC 123
14.16.1 COMPANY SNAPSHOT 123
14.16.2 PRODUCT PORTFOLIO 123
14.16.3 RECENT DEVELOPMENTS 124
14.17 WEG. 125
14.17.1 COMPANY SNAPSHOT 125
14.17.2 REVENUE ANALYSIS 125
14.17.3 PRODUCT PORTFOLIO 126
14.17.4 RECENT DEVELOPMENT 126
14.18 YASKAWA ELECTRIC CORPORATION. 127
14.18.1 COMPANY SNAPSHOT 127
14.18.2 REVENUE ANALYSIS 127
14.18.3 PRODUCT PORTFOLIO 128
14.18.4 RECENT DEVELOPMENTS 128
15 QUESTIONNAIRE 129
16 RELATED REPORTS 132
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