Press release
U.S. Variable Frequency Drive Market | Key Players, Trends, Sales, Supply, Demand, Analysis & Forecast to 2025
According to a 2018 report by Edison Electric Institute (EEI), in the years between 2011 & 2018, the number of EVs running on roads across the U.S. has gone from zero to approximately 890,000. In the first two quarters of 2018, approximately 124,000 EVs were sold across the U.S. alone, up by about 40% when compared to the 2017 numbers. 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.
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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.
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.
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While environmental factors & cheaper operating costs were initially responsible for driving industry demands, according to a report by the Union of Concerned Scientists, much of the recent increase in sales is being chalked up to the launch of new models with Tesla leading the charge with the launch of the Model 3, which notched more than 22,000 vehicle registrations in the first two quarters of 2018. Owing to the presence of industry leaders such as Tesla and Ford, the region’s EV market has been rapidly expanding, a fact that is slated to drive the U.S. VFD market to new heights over 2019-2025.
Partial Table of Contents (ToC) of the report:
Chapter 4 U.S. Variable Frequency Drive Market, By Power Range
4.1 U.S. variable frequency drive market share by power range, 2018 & 2025
4.2 Micro power drive
4.2.1 U.S. market from micro power drive, 2014 - 2025
4.3 Lower power drive
4.3.1 U.S. market from lower power drive, 2014 - 2025
4.4 Medium power drive
4.4.1 U.S. market from medium power drive, 2014 - 2025
4.5 High power drive
4.5.1 U.S. market from high power drive, 2014 - 2025
Chapter 5 U.S. Variable Frequency Drive Market, By Drive
5.1 U.S. Variable frequency drive market share by drive, 2018 & 2025
5.2 AC drive
5.2.1 U.S. market from AC drive, 2014 - 2025
5.3 DC drive
5.3.1 U.S. market from DC drive, 2014 - 2025
5.4 Servo drive
5.4.1 U.S. market from servo drive, 2014 - 2025
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Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: mailto:sales@gminsights.com
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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