North America Variable Frequency Drives Market (2025-2031) | Size, Forecast, Analysis, Trends, Companies, Outlook, Industry, Growth, Revenue, Value & Share

Market Forecast By Types (AC Drives, DC Drives and Servo Drives), By Voltage (Low Voltage and Medium Voltage), By Power Ranges (Micro Power Drives, Low Power Drives, Medium Power Drives and High Power Drives), By Applications (Pumps, Fans, Compressors, Extruders and Others), By End-Users (Oil & Gas, Industrial, Infrastructure and Power Generation), By Countries(US, Canada and Others) and Competitive Landscape

Product Code: ETC000726 Publication Date: Aug 2019 Updated Date: Dec 2024 Product Type: Report
Publisher: 6Wresearch No. of Pages: 200 No. of Figures: 90 No. of Tables: 30

North America Variable Frequency Drives Market Highlights

Report Name North America Variable Frequency Drives Market
Forecast period 2025-2031
CAGR 6.2%
Growing Sector Industrial

Topics Covered in North America Variable Frequency Drives Market Report

North America Variable Frequency Drives Market report thoroughly covers the market by Types, Voltage, Power Ranges, Applications, End-Users, and Countries. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

North America Variable Frequency Drives Market Synopsis

The North America Variable Frequency Drives Market is witnessing robust growth and is expected to sustain this trend over the coming years. The industrial sector's increasing demand for energy-efficient solutions and automation drives this market.

According to 6Wresearch, the North America Variable Frequency Drives Market is projected to grow at a CAGR of 6.2% from 2025-2031. A significant driver for this market is the rising need for energy efficiency and the adoption of automation technologies in various industries. The oil & gas, power generation, and infrastructure sectors are increasingly using variable frequency drives to optimize energy consumption and improve process control. Additionally, technological advancements and innovations in drive technologies are expected to further fuel market growth.

However, the market faces several challenges, including the high initial costs of installation and maintenance, which could act as a deterrent for small and medium-sized enterprises. Moreover, technical complexities and the need for skilled personnel to operate and maintain these systems also pose significant barriers to market growth.

North America Variable Frequency Drives Market: Leading Players

Key players in the North America Variable Frequency Drives Market include ABB Ltd., Siemens AG, and Schneider Electric. These companies dominate the market due to their extensive product portfolios, strong distribution networks, and continuous innovation. ABB Ltd. is well-known for its comprehensive range of drives and advanced technologies. Siemens AG leverages its expertise in industrial automation and digitalization to offer cutting-edge drive solutions. Schneider Electric focuses on sustainability and energy efficiency, providing robust and reliable drive systems to various industries.

North America Variable Frequency Drives Industry: Government Initiatives

Government initiatives in North America significantly influence the growth of the variable frequency drives market. Policies promoting energy efficiency and reducing carbon emissions are driving the adoption of VFDs across various sectors. Government incentives and subsidies for energy-efficient technologies encourage industries to invest in VFDs. Additionally, regulatory standards mandating energy efficiency in industrial processes are boosting market demand.

Future Insights of the Market

The North America Variable Frequency Drives Market is poised for significant growth, driven by increasing investments in energy-efficient technologies and industrial automation. The ongoing trend towards digitalization and smart manufacturing will further enhance market opportunities. Advancements in drive technology, such as the development of more efficient and compact drives, are expected to drive market growth. Furthermore, the growing emphasis on sustainability and reducing energy consumption will continue to propel the demand for variable frequency drives, ensuring a positive market outlook.

Market Segmentation By Countries

According to Ravi Bhandari, Research Head, 6Wresearch, the United States is currently leading the market. This dominance is attributed to the high demand for energy-efficient solutions and advanced industrial automation technologies in various sectors.

Market Segmentation By Types

AC drives are currently leading and dominating the market. This can be attributed to their wide application in various industries due to their efficiency and cost-effectiveness.

Market Segmentation By Voltage

Low voltage drives are the most dominant in the market. These drives are widely used in applications that require high efficiency and reliability at lower voltage levels.

Market Segmentation By Power Ranges

Low power drives are the most commonly used. These drives are suitable for a range of applications, providing flexibility and energy efficiency.

Market Segmentation By Applications

In terms of applications, pumps are the most dominant. The widespread use of pumps in various industrial processes drives the demand for variable frequency drives in this segment.

Market Segmentation By End-Users

The industrial sector is the leading end-user. The need for energy-efficient and automated solutions in industries is driving the adoption of variable frequency drives.

Key Attractiveness of the Report

  • 10 Years of Market Numbers.
  • Historical Data Starting from 2021 to 2024.
  • Base Year: 2024
  • Forecast Data until 2031.
  • Key Performance Indicators Impacting the market.
  • Major Upcoming Developments and Projects.

Key Highlights of the Report:

  • North America Variable Frequency Drive Market Overview
  • North America Variable Frequency Drive Market Outlook
  • North America Variable Frequency Drive Market Forecast
  • Historical Data of North America Variable Frequency Drive Market Revenues for the Period 2021-2031
  • North America Variable Frequency Drive Market Size and North America Variable Frequency Drive Market
  • Forecast of Revenues, Until 2031
  • Historical Data of North America Variable Frequency Drive Market Revenues, by type, for the Period 2021-2031
  • Market Size & Forecast of North America Variable Frequency Drive Market Revenues, by type, until 2031
  • Historical Data of North America Variable Frequency Drive Market Revenues, by voltage, for the Period 2021-2031
  • Market Size & Forecast of North America Variable Frequency Drive Market Revenues, by voltage, until 2031
  • Historical Data of North America Variable Frequency Drive Market Revenues, by power range, for the
  • Period 2021-2031
  • Market Size & Forecast of North America Variable Frequency Drive Market Revenues, by power range, until 2031
  • Historical Data of North America Variable Frequency Drive Market Revenues, by applications, for the
  • Period 2021-2031
  • Market Size & Forecast of North America Variable Frequency Drive Market Revenues, by applications, until 2031
  • Historical Data of North America Variable Frequency Drive Market Revenues, by end-user, for the Period 2021-2031
  • Market Size & Forecast of North America Variable Frequency Drive Market Revenues, by end-user, until 2031
  • Historical Data of US Variable Frequency Drive Market Revenues, for the Period 2021-2031.
  • Market Size & Forecast of US Variable Frequency Drive Market Revenues, until 2031.
  • Historical Data of Canada Variable Frequency Drive Market Revenues, for the Period 2021-2031.
  • Market Size & Forecast of Canada Variable Frequency Drive Market Revenues, until 2031.
  • Historical Data of Rest of North America Variable Frequency Drive Market Revenues, for the Period 2021-2031.
  • Market Size & Forecast of Rest of North America Variable Frequency Drive Market Revenues, until 2031.
  • North America Variable Frequency Drive Market Drivers
  • North America Variable Frequency Drive Market Restraints
  • North America Variable Frequency Drive Market Trends and Industry Life Cycle
  • Porter’s Five Force Analysis
  • Market Opportunity Assessment
  • North America Variable Frequency Drive Market Share, By Players
  • North America Variable Frequency Drive Market Share, By Types
  • North America Variable Frequency Drive Market Overview on Competitive Benchmarking
  • Company Profiles
  • Key Strategic Recommendations

Market Scope and Segmentation

The report provides a detailed analysis of the following market segments:

By Countries

  • United States
  • Canada
  • Others

By Types

  • AC Drives
  • DC Drives
  • Servo Drives

By Voltage

  • Low Voltage
  • Medium Voltage

By Power Ranges

  • Micro Power Drives
  • Low Power Drives
  • Medium Power Drives
  • High Power Drives

By Applications

  • Pumps
  • Fans
  • Compressors
  • Extruders
  • Others

By End-Users

  • Oil & Gas
  • Industrial
  • Infrastructure
  • Power Generation
North America Variable Frequency Drives Market (2025-2031); FAQs
The market is projected to grow at a CAGR of 6.2% from 2025 to 2031.
Growth is driven by the rising demand for energy efficiency, adoption of automation technologies, and supportive government policies.
Challenges include high initial costs, technical complexities, and the need for skilled personnel.
The report covers segments by Types, Voltage, Power Ranges, Applications, End-Users, and Countries.
6W monitors the market across 60+ countries Globally, publishing an annual market outlook report that analyses trends, key drivers, Size, Volume, Revenue, opportunities, and market segments. This report offers comprehensive insights, helping businesses understand market dynamics and make informed decisions.
Yes, we provide customisation as per your requirements. To learn more, feel free to contact us on sales@6wresearch.com
1. Executive Summary
2. Introduction
    2.1 Report Description
    2.2 Key Highlights of The Report
    2.3 Market Scope & Segmentation
    2.4 Research Methodology
    2.5 Assumptions
3. North America Variable Frequency Drive Market Overview
    3.1 North America Variable Frequency Drive Market Revenues, 2021-2031F
    3.2 North America Variable Frequency Drive Market Revenue Share, By Types, 2021 & 2031F
    3.3 North America Variable Frequency Drive Market Revenue Share, By Voltage, 2021 & 2031F
    3.4 North America Variable Frequency Drive Market Revenue Share, By Power Range, 2021 & 2031F
    3.5 North America Variable Frequency Drive Market Revenue Share, By Applications, 2021 & 2031F
    3.6 North America Variable Frequency Drive Market Revenue Share, By End-User, 2021 & 2031F
    3.7 North America Variable Frequency Drive Market Revenue Share, By Countries, 2021 & 2031F
    3.8 North America Variable Frequency Drive Market Industry Life Cycle
    3.9 North America Variable Frequency Drive Market- Porter's Five Forces
4. North America Variable Frequency Drive Market Dynamics
    4.1 Impact Analysis
    4.2 Market Drivers
    4.3 Market Restraints
5. North America Variable Frequency Drive Market Trends
6. North America Variable Frequency Drive Market Overview, By Types
    6.1 North America AC Drives Market Revenues, 2021-2031F
    6.2 North America DC Drives Market Revenues, 2021-2031F
    6.3 North America Servo Drives Market Revenues, 2021-2031F
7. North America Variable Frequency Drive Market Overview, By Voltage
    7.1 North America Low Voltage Drive Market Revenues, 2021-2031F
    7.2 North America Medium Voltage Drives Market Revenues, 2021-2031F
8. North America Variable Frequency Drive Market Overview, By Power Range
    8.1 North America Micro Power Drives Market Revenues, 2021-2031F
    8.2 North America Low Power Drive Market Revenues, 2021-2031F
    8.3 North America Medium Power Drive Market Revenues, 2021-2031F
    8.4 North America High Power Drive Market Revenues, 2021-2031F
9. North America Variable Frequency Drive Market Overview, By Applications
    9.1 North America Variable Frequency Drive Market Revenues, By Pump Application, 2021-2031F 
    9.2 North America Variable Frequency Drive Market Revenues, By Fan Application, 2021-2031F 
    9.3 North America Variable Frequency Drive Market Revenues, By Compressor Application, 2021-2031F 
    9.4 North America Variable Frequency Drive Market Revenues, By Extruders Application, 2021-2031F
      9.5 North America Other Applications Market Revenues, 2021-2031F 
10. North America Variable Frequency Drive Market Overview, By End-User
      10.1 North America Variable Frequency Drive Market Revenues, By Oil & Gas, 2021-2031F 
      10.2 North America Variable Frequency Drive Market Revenues, By Industrial, 2021-2031F 
      10.3 North America Variable Frequency Drive Market Revenues, By Infrastructure, 2021-2031F 
      10.4 North America Variable Frequency Drive Market Revenues, By Power Generation, 2021-2031F 
11. US Variable Frequency Drive Market Overview
      11.1 US Variable Frequency Drive Market Revenues, 2021-2031F 
      11.2 US Variable Frequency Drive Market Revenue Share, By Type, 2021 & 2031F
      11.3 US Variable Frequency Drive Market Revenue Share, By Voltage, 2021 & 2031F
      11.4 US Variable Frequency Drive Market Revenue Share, By Power Range, 2021 & 2031F
      11.5 US Variable Frequency Drive Market Revenue Share, By Applications, 2021 & 2031F
      11.6 US Variable Frequency Drive Market Revenue Share, By End-User, 2021 & 2031F
12. Canada Variable Frequency Drive Market Overview
      12.1 Canada Variable Frequency Drive Market Revenues, 2021-2031F 
      12.2 Canada Variable Frequency Drive Market Revenue Share, By Type, 2021 & 2031F
      12.3 Canada Variable Frequency Drive Market Revenue Share, By Voltage, 2021 & 2031F
      12.4 Canada Variable Frequency Drive Market Revenue Share, By Power Range, 2021 & 2031F
      12.5 Canada Variable Frequency Drive Market Revenue Share, By Applications, 2021 & 2031F
      12.6 Canada Variable Frequency Drive Market Revenue Share, By End-User, 2021 & 2031F
13. Rest of North America Variable Frequency Drive Market Overview
      13.1 Rest of North America Variable Frequency Drive Market Revenues, 2021-2031F 
14. North America Variable Frequency Drive Market Opportunity Assessment
      14.1 North America Variable Frequency Drive Market Opportunity, By Types, 2021 & 2031F
      14.2 North America Variable Frequency Drive Market Opportunity, By Voltage, 2021 & 2031F
      14.3 North America Variable Frequency Drive Market Opportunity, By Power Range, 2021 & 2031F
      14.4 North America Variable Frequency Drive Market Opportunity, By Applications, 2021 & 2031F
      14.5 North America Variable Frequency Drive Market Opportunity, By End-User, 2021 & 2031F
15. North America Variable Frequency Drive Market Competitive Landscape
      15.1 North America Variable Frequency Drive Market Revenue Share, By Companies, 2024
              15.1.1 US Variable Frequency Drive Market Revenue Share, By Companies, 2024
              15.1.2 Canada Variable Frequency Drive Market Revenue Share, By Companies, 2024
      15.2 North America Variable Frequency Drive Market Competitive Benchmarking, By Operating Parameters
16. Company Profiles
17. Strategic Recommendations
18. Disclaimer
 

Market Forecast By Types (AC Drives, DC Drives and Servo Drives), By Voltage (Low Voltage and Medium Voltage), By Power Ranges (Micro Power Drives, Low Power Drives, Medium Power Drives and High Power Drives), By Applications (Pumps, Fans, Compressors, Extruders and Others), By End-Users (Oil & Gas, Industrial, Infrastructure and Power Generation), By Countries(US, Canada and Others) and Competitive Landscape

Product Code: ETC000726 Publication Date: Aug 2019 Product Type: Report
Publisher: 6Wresearch No. of Pages: 200 No. of Figures: 90 No. of Tables: 30

Growing demand for energy efficient motors, surging industrial automation market and need to generate clean power would drive North America Variable Frequency Drive market. Further, North America is a major market of HVAC and electric vehicles, which has high demand for variable frequency drive, owing to its features such as less line disturbance, low maintenance and accuracy of voltage control. Such factors are anticipated to drive the North America Variable Frequency Drive market positively.

According to 6Wresearch, North America Variable Frequency Drives (VFD) Market size is projected to witness growth during 2019-25. In North America VFD market, US captured majority of the market share and would lead throughout the forecast period. Growing power generation from renewable energy would spur the demand for variable frequency drives especially in the US during 2019-25.

In terms of End-Users, power generation, oil & gas and infrastructure are the significant revenue generating users in North American market. Moreover, based on VFD types, AC drive captured majority of the market revenues.

The North America Variable Frequency Drive Market report thoroughly covers the market by type, by voltage, by power range, by application, by end-user and countries including the US, Canada and rest of North America. The North America Variable Frequency Drive Market outlook report provides an unbiased and detailed analysis of the on-going North America Variable Frequency Drive Market trends, opportunities/high growth areas and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Key Highlights of the Report:
• North America Variable Frequency Drive Market Overview
• North America Variable Frequency Drive Market Outlook
• North America Variable Frequency Drive Market Forecast
• Historical Data of North America Variable Frequency Drive Market Revenues for the Period 2015-2018
• North America Variable Frequency Drive Market Size and North America Variable Frequency Drive Market
  Forecast of Revenues, Until 2025
• Historical Data of North America Variable Frequency Drive Market Revenues, by type, for the Period 2015-2018
• Market Size & Forecast of North America Variable Frequency Drive Market Revenues, by type, until 2025
• Historical Data of North America Variable Frequency Drive Market Revenues, by voltage, for the Period 2015-2018
• Market Size & Forecast of North America Variable Frequency Drive Market Revenues, by voltage, until 2025
• Historical Data of North America Variable Frequency Drive Market Revenues, by power range, for the
  Period 2015-2018
• Market Size & Forecast of North America Variable Frequency Drive Market Revenues, by power range, until 2025
• Historical Data of North America Variable Frequency Drive Market Revenues, by applications, for the
  Period 2015-2018
• Market Size & Forecast of North America Variable Frequency Drive Market Revenues, by applications, until 2025
• Historical Data of North America Variable Frequency Drive Market Revenues, by end-user, for the Period 2015-2018
• Market Size & Forecast of North America Variable Frequency Drive Market Revenues, by end-user, until 2025
• Historical Data of US Variable Frequency Drive Market Revenues, for the Period 2015-2018.
• Market Size & Forecast of US Variable Frequency Drive Market Revenues, until 2025.
• Historical Data of Canada Variable Frequency Drive Market Revenues, for the Period 2015-2018.
• Market Size & Forecast of Canada Variable Frequency Drive Market Revenues, until 2025.
• Historical Data of Rest of North America Variable Frequency Drive Market Revenues, for the Period 2015-2018.
• Market Size & Forecast of Rest of North America Variable Frequency Drive Market Revenues, until 2025.
• North America Variable Frequency Drive Market Drivers
• North America Variable Frequency Drive Market Restraints
• North America Variable Frequency Drive Market Trends and Industry Life Cycle
• Porter’s Five Force Analysis
• Market Opportunity Assessment
• North America Variable Frequency Drive Market Share, By Players
• North America Variable Frequency Drive Market Share, By Types
• North America Variable Frequency Drive Market Overview on Competitive Benchmarking
• Company Profiles
• Key Strategic Recommendations

Markets Covered
The North America Variable Frequency Drive Market report provides a detailed analysis of the following market segments:
• By Types:
    o AC Drives
    o DC Drives
    o Servo Drives
• By Voltage:
    o Low Voltage
    o Medium Voltage
• By Power Ranges:
    o Micro Power Drives
    o Low Power Drives
    o Medium Power Drives
    o High Power Drives
• By Applications:
    o Pumps
    o Fans
    o Compressors
    o Extruders
    o Others
• By End-Users:
    o Oil & Gas
    o Industrial
    o Infrastructure
    o Power Generation
• By Countries:
    o US
    o Canada
    o Others

• Other Key Related Reports Include:
• US Variable Frequency Drive Market Report
• Global Variable Frequency Drive Market Report
• Latin America Variable Frequency Drive Market Report
• Europe Variable Frequency Drive Market Report
• APAC Variable Frequency Drive Market Report
• Middle East & Africa Variable Frequency Drive Market Report

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