Pumps hold the majority share amongst other applications of U.S. variable frequency drive market and will continue to grow on account of their deployment across large-scale manufacturing industries and small-scale utilities and increasing adoption of speed control devices.
Selbyville, Delaware, Feb. 11, 2019 (GLOBE NEWSWIRE) —
The Medium-voltage drives segment of U.S. variable frequency drive market, in the current industry scenario have observed growth subject to their wide application across the commercial and industrial establishments. Rapid retrofitting & refurbishment of existing units & solutions in conjunction with industry standards and codes has re-structured the U.S. VFD market dynamics. Increasing fund flow coupled with aligned industrial focus towards the upgradation of traditional technologies will further amplify the industry growth.
Global U.S. Variable Frequency Drive Market is expected to surpass USD 3 Billion by 2025, as reported in the latest study by Global Market Insights, Inc. Increasing environmental concerns coupled with the introduction of directives and standards toward energy efficiency will drive the VFD market across the U.S. Ongoing urbanization, rising industrialization, and the shift in focus on effective energy utilization across various industries will augment the industry landscape. Furthermore, government incentives & funds, R&D investments, technological enhancements, and rising demand for advance product portfolio are key factors positively influencing the business scenario.
Technological enhancements along with growing demand for energy optimization across electrical components has boosted the incorporation for micro power drives. These units offer precise control of torque & speed with limited maintenance, compact size and high efficiency which in turn will augment the U.S. VFD market. The global infrastructure investments in 2016, valued over USD 79 trillion across large-scale industries including water, energy, telecommunication and transport.
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Network controlled operations, energy efficiency, ease of monitoring and rapid speed resonance are few indispensable parameters nurturing the AC variable frequency drive market size. Rising consumer focus towards value added products along with growing demand for processed food will further stimulate the product demand.
Browse key industry insights spread across 130 pages with 90 market data tables & 33 figures & charts from the report, “U.S. Variable Frequency Drive Market” in detail along with the table of contents:
Product versatility & flexibility, cost competitiveness, compact size and light weight when compared to the existing speed control systems are key imperatives reinforcing the standard VFD market share. The drives have observed growth owing to their wide range installation across large scale industries with application in fans, conveyors and pumps. These units pose immense growth potential on account of their ease of deployment, special product engineering, and customization.
Pumps in the current regime, hold significant industry share owing to their large-scale installation across the small and medium enterprises. Growing integration of speed control devices coupled with rising demand for reliable & safe technologies to curtail short circuits and faults across a number of applications will boost the VFD market share across the U.S.
Prominent variable frequency drive market players include Honeywell, Johnson Controls, ABB, Siemens, Emerson, Schneider, Mitsubishi, CG, Eaton, Rockwell, Eaton, WEG Electric, Hiconics, Yaskawa, Hitachi and Danfoss.
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