Press release
U.S. Variable Frequency Drive (VFD) Market Trends, Covid-19 Impact Analysis, Share by 2025 | Leading players are Johnson Controls, Honeywell, ABB, Emerson, Siemens
U.S. Variable Frequency Drive (VFD) Market
Request a sample of this research report @ https://www.gminsights.com/request-sample/detail/3104
U.S. variable frequency drive market has witnessed commendable gains over the years due to the growing environmental concerns favored by the introduction of reforms and regulations linked with the efficiency of energy. In the year 2018, variable frequency drive registered an annual deployment of 2,000 thousand units in the country.
Rapid industrialization in the region due to the efforts undertaken by the government and private entities along with efforts towards energy optimization especially across large scale industries will support the demand for the product. Moreover, investments made towards research and development, fiscal incentives, and the demand for enhanced products are some of the major factors magnifying the demand for the drives.
Enlisted below are some of the key factors projected to influence U.S. variable frequency drive market in the coming years.
Awareness regarding the need to adopt energy-efficient solutions
The industries in the U.S. are realizing the need to shift towards energy-efficient solutions. Decreasing the consumption of energy, reducing the cost of maintenance and increasing the productivity has encouraged the manufacturers to use latest technologies along with the prevailing standards and codes. Technological advancements with the integration of innovative solutions will supplement the U.S. VFD industry trends.
Frequent product innovations achieved in the segment
Schneider Electric USA launched Altivar Machine variable-speed drives that are designed to meet the needs of smart machines and provide OEMs the go-to-choice for drivers in both simple and complex applications. The 12 VFD range in Altivar combines flexibility, reliability, and advanced sensorless vector technology in small spaces.
The technology comprises a user-friendly navigation wheel on the faceplate, integrated communications port, and a multi-loader that streamlines set up by ensuring programming easily. Some of the other prominent companies providing the component include Rockwell, ABB, Yaskawa, Hitachi, WEG Electric, Johnson Controls, and Siemens, among various others.
Use of MV drives in commercial and industrial structures
MV drives have also registered considerable gains due to their extensive usage in the commercial and industrial establishments. Ongoing retrofitting and replacement of the existing technologies in conjunction with the restructuring of industry and rules has positively impacted the businesses over time. An increase in fund allocation along with industrial focus towards the enhancement of conventional units across the nation has supported the industry outlook.
Extensive adoption of direct current variable frequency drive
The direct current VFD market has gained considerable traction over the years. The user’s operational profitability and the ability to provide a quick return on investment by improving the process will support the demand of the product in the region. The declining cost of operation, system reliability, power factor control, reduced equipment set up time, energy savings, and reduced maintenance are some of the driving factors.
More News:
Variable Frequency Drive Market https://www.globenewswire.com/news-release/2020/03/05/1995743/0/en/Variable-Frequency-Drive-Market-to-hit-40-billion-by-2026-Says-Global-Market-Insights-Inc.html
Contact Us
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: 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.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release U.S. Variable Frequency Drive (VFD) Market Trends, Covid-19 Impact Analysis, Share by 2025 | Leading players are Johnson Controls, Honeywell, ABB, Emerson, Siemens here
News-ID: 2289422 • Views: …
More Releases from Global Market Insights, Inc.
Hepatitis B Vaccine Market Set to Surpass $12 Billion by 2034
The global hepatitis B vaccine market is poised for significant expansion over the next decade, fueled by rising liver disease cases, expanded immunization coverage, and advancements in vaccine development. Valued at USD 6.7 billion in 2024, the market is projected to reach USD 7.3 billion in 2025 and surge to USD 12 billion by 2034, reflecting a healthy compound annual growth rate (CAGR) of 5.7%.
A major driver behind this growth…
Rare Sugar Market Top 3 Trends, Covid-19 Outbreak, Factors Driving, Threats, Cha …
Rising awareness regarding health & fitness and the subsequent shift in consumer trends towards low-calorie sweeteners will boost rare sugar market share over the forecast spell. Recent years have marked a steady rise in the prevalence of cardiovascular ailments, diabetes, and obesity, among other chronic conditions, which have triggered a massive change in consumer perceptions towards health.
This in turn has led to a surge in demand for various functional foods…
Global Selenium Yeast Market Industry Assessment, Trends, Competitive Landscape, …
The selenium yeast market is anticipated to register substantial gains on account of rising inclination towards organic additives in animal nutrition, with an aim to improve livestock health and production. Consumers are steadily becoming aware of the downsides associated with using synthetic additives. As a result, they are preferring selenium yeast feed grades over other counterparts to provide balanced nutrition to their livestock.
According to Global Market Insights Inc estimates…
Power Distribution Component Market Share, Size, Trends by 2025 | Leading Key pl …
Global Power Distribution Component Market Report offers market overview, segmentation by types, application, countries, key manufactures, cost analysis, industrial chain, sourcing strategy, downstream buyers, marketing strategy analysis, distributors/traders, factors affecting market, forecast and other important information for key insight.
Request a sample of this research report @ https://www.gminsights.com/request-sample/detail/3091
Voltage rating have acted as a standard industry protocol toward the installation of power components reliant on regulatory preference, deployment areas, and the group…
More Releases for Variable
Variable Air Volume (VAV) Systems Market
The Variable Air Volume (VAV) systems market plays a crucial role in the HVAC (Heating, Ventilation, and Air Conditioning) industry. These systems are designed to control the volume of air delivered to different spaces within a building, ensuring optimal comfort and energy efficiency. VAV systems adjust the flow of conditioned air based on the demand from various areas of a building, which is especially important in commercial, industrial, and large…
Variable Air Volume (VAV) Systems Market
Variable Air Volume (VAV) systems are a crucial component in the heating, ventilation, and air conditioning (HVAC) industry. These systems regulate the volume of air supplied to different zones in a building, maintaining optimal comfort levels while improving energy efficiency. Unlike traditional constant air volume (CAV) systems, which supply a fixed amount of air, VAV systems adjust the airflow according to the heating or cooling needs of each area. This…
variable displacement pumps market
Summary:
Hydraulic pumps, converting mechanical to hydraulic energy, vary in displacement types. Variable displacement pumps offer efficiency but face drawbacks, impacting market growth.
Overview
In the realm of hydraulic systems, pumps play a crucial role, converting mechanical energy to hydraulic energy. A closer look at variable displacement pumps reveals their significance, presenting both efficiency and operational challenges.
Market Trends
The surge in demand for variable displacement pumps is primarily fueled by the burgeoning food…
Variable Frequency Water Supply System
Global Info Research announces the release of the report "Global Variable Frequency Water Supply System Market 2023 by Manufacturers, Regions, Type and Application, Forecast to 2029" . The report is a detailed and comprehensive analysis presented by region and country, type and application. As the market is constantly changing, the report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across…
Global Industrial Process Variable Instruments Market | Global Industrial Proces …
Industrial process variable instruments market comprises of sales of industrial process variable instruments & related services, which is used to control, measure, and record industrial variables such as pressure, vacuum, temperature, flow, combustion, level, acidity, concentration, viscosity, density, and rotation. The process variable instruments are used for indicating, recording, transmitting, measuring, displaying, and controlling industrial process variables. The industrial process variable can work electronically, or electrically, mechanically, pneumatically, and comprises…
Global Variable Capacitors Market Insights, Forecast
The Variable Capacitors market was valued at Million US$ in 2017 and is projected to reach Million US$ by 2025, at a CAGR of during the forecast period. In this study, 2017 has been considered as the base year and 2018 to 2025 as the forecast period to estimate the market size for Variable Capacitors. This report presents the worldwide Variable Capacitors market size (value, production and consumption), splits the…
