The North America Variable Frequency Drive (VFD) Market would witness market growth of 5.6% CAGR during the forecast period (2019-2025). A variable frequency drive can alter the power supplied to match the driven equipment's energy requirements, and that's how it saves energy or improves energy consumption. Compared to direct-on-line (DOL) operation, where the motor operates at full speed regardless of demand, the drive will dramatically reduce energy consumption.
Saving power or fuel by 40% is popular with the use of a drive. The roll-on effect means that drive use often decreases the NOx emissions and CO2 footprint of the installed systems. Expanding urbanization and industrialization levels are raising consumer demand, which would result in industrial and manufacturing sector development and drive demand for VFDs during the forecast period. Industries like processing and manufacturing implement various types of components and equipment which differ in terms of industry, mode of operation as well as technology.
AC drives are used in different sectors, such as power generation, oil and gas, food and beverages, and metal and mining. Variable speed drives are used in the manufacturing process to power rotating equipment like conveyors, fans, pumps, and machine spindles, and to increase the industry's energy efficiency. Therefore, growth in the end-use sector is expected to fuel the overall growth of the VFD market over the coming years.
Based on Product Type, the market is segmented into AC Drives, DC Drives and Servo Drives. Based on Power Range, the market is segmented into Low, Medium, Micro and High. Based on Application, the market is segmented into Pumps, Electric Fans, HVAC, Conveyers and Extruders & Others. Based on End User, the market is segmented into Oil & Gas, Industrial, Food & Beverages, Power Generation, Infrastructure, Automotive and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: Variable Frequency Drive (VFD) Market in North America is expected to register a CAGR of 5.6% during the forecast period (2019-2025)
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include ABB Group, Hitachi, Ltd., Eaton Corporation PLC, Rockwell Automation, Inc., Nidec Corporation, Siemens AG, Schneider Electric SE, Mitsubishi Heavy Industries Ltd., Fuji Electric Co., Ltd., and The Danfoss Group.
Scope of the North America Variable Frequency Drive (VFD) Market Analysis
Market Segmentation:
By Product Type
- AC Drives
- DC Drives
- Servo Drives
By Power Range
By Application
- Pumps
- Electric Fans
- HVAC
- Conveyers
- Extruders & Others
By End User
- Oil & Gas
- Industrial
- Food & Beverages
- Power Generation
- Infrastructure
- Automotive
- Others
By Country
- US
- Canada
- Mexico
- Rest of North America
Companies Profiled
- ABB Group
- Hitachi, Ltd.
- Eaton Corporation PLC
- Rockwell Automation, Inc.
- Nidec Corporation
- Siemens AG
- Schneider Electric SE
- Mitsubishi Heavy Industries Ltd.
- Fuji Electric Co., Ltd.
- The Danfoss Group
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Variable Frequency Drive (VFD) Market, by Product Type
1.4.2 North America Variable Frequency Drive (VFD) Market, by Power Range
1.4.3 North America Variable Frequency Drive (VFD) Market, by Application
1.4.4 North America Variable Frequency Drive (VFD) Market, by End User
1.4.5 North America Variable Frequency Drive (VFD) Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.2 Executive Summary
2.1.3 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Geographical Expansions
3.2.4 Mergers & Acquisitions
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2015-2019)
3.3.2 Key Strategic Move: (Product Launches and Product Expansions : 2015, Jan – 2019, Nov) Leading Players
Chapter 4. North America Variable Frequency Drive Market by Product Type
4.1 North America Variable Frequency Drive AC Drives Market by Country
4.2 North America Variable Frequency Drive DC Drives Market by Country
4.3 North America Variable Frequency Drive Servo Drives Market by Country
Chapter 5. North America Variable Frequency Drive Market by Power Range
5.1 North America Low Variable Frequency Drive Market by Country
5.2 North America Medium Variable Frequency Drive Market by Country
5.3 North America Micro Variable Frequency Drive Market by Country
5.4 North America High Power Range Variable Frequency Drive Market by Country
Chapter 6. North America Variable Frequency Drive Market by Application
6.1 North America Pumps Variable Frequency Drive Market by Country
6.2 North America Electric Fans Variable Frequency Drive Market by Country
6.3 North America HVAC Variable Frequency Drive Market by Country
6.4 North America Conveyers Variable Frequency Drive Market by Country
6.5 North America Extruders & Others Variable Frequency Drive Market by Country
Chapter 7. North America Variable Frequency Drive Market by End User
7.1 North America Oil & Gas Variable Frequency Drive Market by Country
7.2 North America Industrial Variable Frequency Drive Market by Country
7.3 North America Food & Beverages Variable Frequency Drive Market by Country
7.4 North America Power Generation Variable Frequency Drive Market by Country
7.5 North America Infrastructure Variable Frequency Drive Market by Country
7.6 North America Automotive Variable Frequency Drive Market by Country
7.7 North America Others Variable Frequency Drive Market by Country
Chapter 8. North America Variable Frequency Drive Market by Country
8.1 US Variable Frequency Drive Market
8.1.1 US Variable Frequency Drive Market by Product Type
8.1.2 US Variable Frequency Drive Market by Power Range
8.1.3 US Variable Frequency Drive Market by Application
8.1.4 US Variable Frequency Drive Market by End User
8.2 Canada Variable Frequency Drive Market
8.2.1 Canada Variable Frequency Drive Market by Product Type
8.2.2 Canada Variable Frequency Drive Market by Power Range
8.2.3 Canada Variable Frequency Drive Market by Application
8.2.4 Canada Variable Frequency Drive Market by End User
8.3 Mexico Variable Frequency Drive Market
8.3.1 Mexico Variable Frequency Drive Market by Product Type
8.3.2 Mexico Variable Frequency Drive Market by Power Range
8.3.3 Mexico Variable Frequency Drive Market by Application
8.3.4 Mexico Variable Frequency Drive Market by End User
8.4 Rest of North America Variable Frequency Drive Market
8.4.1 Rest of North America Variable Frequency Drive Market by Product Type
8.4.2 Rest of North America Variable Frequency Drive Market by Power Range
8.4.3 Rest of North America Variable Frequency Drive Market by Application
8.4.4 Rest of North America Variable Frequency Drive Market by End User
Chapter 9. Company Profiles
9.1 ABB Group
9.1.1 Company Overview
9.1.2 Financial Analysis
9.1.3 Segmental and Regional Analysis
9.1.4 Research & Development Expense
9.1.5 Recent strategies and developments:
9.1.5.1 Product Launches and Product Expansions:
9.1.5.2 Acquisition and Mergers:
9.1.5.3 Geographical Expansions:
9.1.6 SWOT Analysis
9.2 Hitachi, Ltd.
9.2.1 Company Overview
9.2.2 Financial Analysis
9.2.3 Segmental and Regional Analysis
9.2.4 Research & Development Expenses
9.2.5 Recent strategies and developments:
9.2.5.1 Partnerships, Collaborations, and Agreements:
9.2.5.2 Product Launches and Product Expansions:
9.2.5.3 Acquisition and Mergers:
9.2.6 SWOT Analysis
9.3 Eaton Corporation PLC
9.3.1 Company Overview
9.3.2 Financial Analysis
9.3.3 Segmental and Regional Analysis
9.3.4 Regional analysis
9.3.5 Research & Development Expense
9.3.6 Recent strategies and developments:
9.3.6.1 Product Launches and Product Expansions:
9.3.6.2 Acquisition and Mergers:
9.3.6.3 Partnerships, Collaborations, and Agreements:
9.3.7 Swot Analysis
9.4 Rockwell Automation, Inc.
9.4.1 Company Overview
9.4.2 Financial Analysis
9.4.3 Segmental and Regional Analysis
9.4.4 Research & Development Expenses
9.4.5 Recent strategies and developments:
9.4.5.1 Product Launches and Product Expansions:
9.4.6 SWOT Analysis
9.5 Nidec Corporation
9.5.1 Company Overview
9.5.2 Financial Analysis
9.5.3 Segmental and Regional Analysis
9.5.4 Research & Development Expense
9.5.5 Recent strategies and developments:
9.5.5.1 Product Launches and Product Expansions:
9.5.5.2 Acquisition and Mergers:
9.5.5.3 Geographical Expansions:
9.5.6 SWOT Analysis
9.6 Siemens AG
9.6.1 Company Overview
9.6.2 Financial Analysis
9.6.3 Segmental and Regional Analysis
9.6.4 Research & Development Expense
9.6.5 Recent strategies and developments:
9.6.5.1 Product Launches and Product Expansions:
9.6.5.2 Acquisition and Mergers:
9.6.6 SWOT Analysis
9.7 Schneider Electric SE
9.7.1 Company Overview
9.7.2 Financial Analysis
9.7.3 Segmental And Regional Analysis
9.7.4 Research & Development Expense
9.7.5 Recent strategies and developments:
9.7.5.1 Product Launches and Product Expansions:
9.7.5.2 Geographical Expansions:
9.7.5.3 Partnerships, Collaborations, and Agreements:
9.7.6 SWOT Analysis
9.8 Mitsubishi Heavy Industries Ltd.
9.8.1 Company Overview
9.8.2 Financial Analysis
9.8.3 Segmental Analysis
9.8.4 Recent strategies and developments:
9.8.4.1 Product Launches and Product Expansions:
9.8.5 SWOT Analysis
9.9 Fuji Electric Co. Ltd. (Furukawa Group)
9.9.1 Company Overview
9.9.2 Financial Analysis
9.9.3 Segmental Analysis
9.9.4 Research & Development Expense
9.9.5 Recent strategies and developments:
9.9.5.1 Product Launches and Product Expansions:
9.1 The Danfoss Group
9.10.1 Company Overview
9.10.2 Financial Analysis
9.10.3 Segmental And Regional Analysis
9.10.4 Research & Development Expense
9.10.5 Recent strategies and developments:
9.10.5.1 Product Launches and Product Expansions:
9.10.5.2 Acquisition and Mergers:
TABLE 1 North America Variable Frequency Drive Market, 2015 - 2018, USD Million
TABLE 2 North America Variable Frequency Drive Market, 2019 - 2025, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Variable Frequency Drive Market
TABLE 4 Product Launches And Product Expansions– Variable Frequency Drive Market
TABLE 5 Geographical Expansions– Variable Frequency Drive Market
TABLE 6 Mergers & Acquisitions – Variable Frequency Drive Market
TABLE 7 North America Variable Frequency Drive Market by Product Type, 2015 - 2018, USD Million
TABLE 8 North America Variable Frequency Drive Market by Product Type, 2019 - 2025, USD Million
TABLE 9 North America Variable Frequency Drive AC Drives Market by Country, 2015 - 2018, USD Million
TABLE 10 North America Variable Frequency Drive AC Drives Market by Country, 2019 - 2025, USD Million
TABLE 11 North America Variable Frequency Drive DC Drives Market by Country, 2015 - 2018, USD Million
TABLE 12 North America Variable Frequency Drive DC Drives Market by Country, 2019 - 2025, USD Million
TABLE 13 North America Variable Frequency Drive Servo Drives Market by Country, 2015 - 2018, USD Million
TABLE 14 North America Variable Frequency Drive Servo Drives Market by Country, 2019 - 2025, USD Million
TABLE 15 North America Variable Frequency Drive Market by Power Range, 2015 - 2018, USD Million
TABLE 16 North America Variable Frequency Drive Market by Power Range, 2019 - 2025, USD Million
TABLE 17 North America Low Variable Frequency Drive Market by Country, 2015 - 2018, USD Million
TABLE 18 North America Low Variable Frequency Drive Market by Country, 2019 - 2025, USD Million
TABLE 19 North America Medium Variable Frequency Drive Market by Country, 2015 - 2018, USD Million
TABLE 20 North America Medium Variable Frequency Drive Market by Country, 2019 - 2025, USD Million
TABLE 21 North America Micro Variable Frequency Drive Market by Country, 2015 - 2018, USD Million
TABLE 22 North America Micro Variable Frequency Drive Market by Country, 2019 - 2025, USD Million
TABLE 23 North America High Power Range Variable Frequency Drive Market by Country, 2015 - 2018, USD Million
TABLE 24 North America High Power Range Variable Frequency Drive Market by Country, 2019 - 2025, USD Million
TABLE 25 North America Variable Frequency Drive Market by Application, 2015 - 2018, USD Million
TABLE 26 North America Variable Frequency Drive Market by Application, 2019 - 2025, USD Million
TABLE 27 North America Pumps Variable Frequency Drive Market by Country, 2015 - 2018, USD Million
TABLE 28 North America Pumps Variable Frequency Drive Market by Country, 2019 - 2025, USD Million
TABLE 29 North America Electric Fans Variable Frequency Drive Market by Country, 2015 - 2018, USD Million
TABLE 30 North America Electric Fans Variable Frequency Drive Market by Country, 2019 - 2025, USD Million
TABLE 31 North America HVAC Variable Frequency Drive Market by Country, 2015 - 2018, USD Million
TABLE 32 North America HVAC Variable Frequency Drive Market by Country, 2019 - 2025, USD Million
TABLE 33 North America Conveyers Variable Frequency Drive Market by Country, 2015 - 2018, USD Million
TABLE 34 North America Conveyers Variable Frequency Drive Market by Country, 2019 - 2025, USD Million
TABLE 35 North America Extruders & Others Variable Frequency Drive Market by Country, 2015 - 2018, USD Million
TABLE 36 North America Extruders & Others Variable Frequency Drive Market by Country, 2019 - 2025, USD Million
TABLE 37 North America Variable Frequency Drive Market by End User, 2015 - 2018, USD Million
TABLE 38 North America Variable Frequency Drive Market by End User, 2019 - 2025, USD Million
TABLE 39 North America Oil & Gas Variable Frequency Drive Market by Country, 2015 - 2018, USD Million
TABLE 40 North America Oil & Gas Variable Frequency Drive Market by Country, 2019 - 2025, USD Million
TABLE 41 North America Industrial Variable Frequency Drive Market by Country, 2015 - 2018, USD Million
TABLE 42 North America Industrial Variable Frequency Drive Market by Country, 2019 - 2025, USD Million
TABLE 43 North America Food & Beverages Variable Frequency Drive Market by Country, 2015 - 2018, USD Million
TABLE 44 North America Food & Beverages Variable Frequency Drive Market by Country, 2019 - 2025, USD Million
TABLE 45 North America Power Generation Variable Frequency Drive Market by Country, 2015 - 2018, USD Million
TABLE 46 North America Power Generation Variable Frequency Drive Market by Country, 2019 - 2025, USD Million
TABLE 47 North America Infrastructure Variable Frequency Drive Market by Country, 2015 - 2018, USD Million
TABLE 48 North America Infrastructure Variable Frequency Drive Market by Country, 2019 - 2025, USD Million
TABLE 49 North America Automotive Variable Frequency Drive Market by Country, 2015 - 2018, USD Million
TABLE 50 North America Automotive Variable Frequency Drive Market by Country, 2019 - 2025, USD Million
TABLE 51 North America Others Variable Frequency Drive Market by Country, 2015 - 2018, USD Million
TABLE 52 North America Others Variable Frequency Drive Market by Country, 2019 - 2025, USD Million
TABLE 53 North America Variable Frequency Drive Market by Country, 2015 - 2018, USD Million
TABLE 54 North America Variable Frequency Drive Market by Country, 2019 - 2025, USD Million
TABLE 55 US Variable Frequency Drive Market, 2015 - 2018, USD Million
TABLE 56 US Variable Frequency Drive Market, 2019 - 2025, USD Million
TABLE 57 US Variable Frequency Drive Market by Product Type, 2015 - 2018, USD Million
TABLE 58 US Variable Frequency Drive Market by Product Type, 2019 - 2025, USD Million
TABLE 59 US Variable Frequency Drive Market by Power Range, 2015 - 2018, USD Million
TABLE 60 US Variable Frequency Drive Market by Power Range, 2019 - 2025, USD Million
TABLE 61 US Variable Frequency Drive Market by Application, 2015 - 2018, USD Million
TABLE 62 US Variable Frequency Drive Market by Application, 2019 - 2025, USD Million
TABLE 63 US Variable Frequency Drive Market by End User, 2015 - 2018, USD Million
TABLE 64 US Variable Frequency Drive Market by End User, 2019 - 2025, USD Million
TABLE 65 Canada Variable Frequency Drive Market, 2015 - 2018, USD Million
TABLE 66 Canada Variable Frequency Drive Market, 2019 - 2025, USD Million
TABLE 67 Canada Variable Frequency Drive Market by Product Type, 2015 - 2018, USD Million
TABLE 68 Canada Variable Frequency Drive Market by Product Type, 2019 - 2025, USD Million
TABLE 69 Canada Variable Frequency Drive Market by Power Range, 2015 - 2018, USD Million
TABLE 70 Canada Variable Frequency Drive Market by Power Range, 2019 - 2025, USD Million
TABLE 71 Canada Variable Frequency Drive Market by Application, 2015 - 2018, USD Million
TABLE 72 Canada Variable Frequency Drive Market by Application, 2019 - 2025, USD Million
TABLE 73 Canada Variable Frequency Drive Market by End User, 2015 - 2018, USD Million
TABLE 74 Canada Variable Frequency Drive Market by End User, 2019 - 2025, USD Million
TABLE 75 Mexico Variable Frequency Drive Market, 2015 - 2018, USD Million
TABLE 76 Mexico Variable Frequency Drive Market, 2019 - 2025, USD Million
TABLE 77 Mexico Variable Frequency Drive Market by Product Type, 2015 - 2018, USD Million
TABLE 78 Mexico Variable Frequency Drive Market by Product Type, 2019 - 2025, USD Million
TABLE 79 Mexico Variable Frequency Drive Market by Power Range, 2015 - 2018, USD Million
TABLE 80 Mexico Variable Frequency Drive Market by Power Range, 2019 - 2025, USD Million
TABLE 81 Mexico Variable Frequency Drive Market by Application, 2015 - 2018, USD Million
TABLE 82 Mexico Variable Frequency Drive Market by Application, 2019 - 2025, USD Million
TABLE 83 Mexico Variable Frequency Drive Market by End User, 2015 - 2018, USD Million
TABLE 84 Mexico Variable Frequency Drive Market by End User, 2019 - 2025, USD Million
TABLE 85 Rest of North America Variable Frequency Drive Market, 2015 - 2018, USD Million
TABLE 86 Rest of North America Variable Frequency Drive Market, 2019 - 2025, USD Million
TABLE 87 Rest of North America Variable Frequency Drive Market by Product Type, 2015 - 2018, USD Million
TABLE 88 Rest of North America Variable Frequency Drive Market by Product Type, 2019 - 2025, USD Million
TABLE 89 Rest of North America Variable Frequency Drive Market by Power Range, 2015 - 2018, USD Million
TABLE 90 Rest of North America Variable Frequency Drive Market by Power Range, 2019 - 2025, USD Million
TABLE 91 Rest of North America Variable Frequency Drive Market by Application, 2015 - 2018, USD Million
TABLE 92 Rest of North America Variable Frequency Drive Market by Application, 2019 - 2025, USD Million
TABLE 93 Rest of North America Variable Frequency Drive Market by End User, 2015 - 2018, USD Million
TABLE 94 Rest of North America Variable Frequency Drive Market by End User, 2019 - 2025, USD Million
TABLE 95 Key Information – ABB Group
TABLE 96 Key Information – Hitachi, Ltd.
TABLE 97 key information – Eaton Corporation PLC
TABLE 98 Key information – Rockwell Automation, Inc.
TABLE 99 Key Information – Nidec Corporation
TABLE 100 Key Information – Siemens AG
TABLE 101 Key information – Schneider Electric SE
TABLE 102 Key Information – Mitsubishi Heavy Industries Ltd.
TABLE 103 Key Information – Fuji Electric Co., Ltd.
TABLE 104 Key Information – The Danfoss Group
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2015-2019)
FIG 4 Key Strategic Move: (Product Launches and Product Expansions : 2015, Jan – 2019, Nov) Leading Players
FIG 5 Recent strategies and developments: ABB Group
FIG 6 SWOT Analysis: ABB Group
FIG 7 Recent strategies and developments: Hitachi, Ltd.
FIG 8 SWOT Analysis: Hitachi, ltd.
FIG 9 Recent strategies and developments: Eaton Corporation PLC
FIG 10 SWOT Analysis: Eaton Corporation PLC
FIG 11 SWOT Analysis: Rockwell Automation, Inc.
FIG 12 Recent strategies and developments: Nidec Corporation
FIG 13 SWOT Analysis: Nidec Corporation
FIG 14 Recent strategies and developments: Siemens AG
FIG 15 Swot analysis: Siemens AG
FIG 16 Recent strategies and developments: Schneider Electric SE
FIG 17 Swot analysis: Schneider Electric SE
FIG 18 Swot analysis: Mitsubishi Heavy Industries Ltd.
FIG 19 Recent strategies and developments: The Danfoss Group