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Variable Frequency Drive Market: High Absolute Dollar Opportunity to be Witnessed in 2027 over 2026 Owing to Fresh Investments in Power and Automotive Industry: North America Industry Analysis and Opportunity Assessment, 2017–2027

Variable Frequency Drive Market: High Absolute Dollar Opportunity to be Witnessed in 2027 over 2026 Owing to Fresh Investments in Power and Automotive Industry: North America Industry Analysis and Opportunity Assessment, 2017–2027

U.S. variable frequency drive market revenue is anticipated to expand at a moderate CAGR over the period 2017–2027

Variable frequency drive sales value and volume consumption in the U.S. is projected to expand at the highest CAGR over the forecast period. In 2016, the U.S. variable frequency drive market was valued at more than US$ 3,300 Mn and has been estimated to increase to a little more than US$ 3,500 Mn by 2017 end, reflecting a Y-o-Y growth rate of 5.9%. The U.S. country market is anticipated to create incremental dollar opportunity of close to US$ 3,000 Mn between 2016 and 2027 in the North America variable frequency drive market. In terms of market value, the Canada variable frequency drive market was valued at US$ 911.8 Mn in 2016 and has been estimated to increase to more than US$ 950 Mn by 2017 end, reflecting a Y-o-Y growth rate of 5.2%. Revenue contribution from the variable frequency drive market in Canada is expected to increase at a CAGR of 4.8% over the forecast period. The Canada market is anticipated to create incremental dollar opportunity of more than US$ 600 Mn between 2016 and 2027 in the North America variable frequency drive market.

Upsurge in energy prices and technological advancements in variable frequency drives are anticipated to fuel revenue growth of the variable frequency drive market in U.S. and Canada

Escalating energy prices has created the need for energy-efficient motor control systems. With the aim of reducing energy consumption, process engineers and other executives managing the operation department are increasingly inclined towards deployment of variable frequency drives. It acts as a substitute to throttling devices such as valves and dampers and fixed speed controllers. This factor is expected to boost the growth of the variable frequency drive market in the U.S and Canada. The emergence of new application areas coupled with advantages such as the low operational cost of systems with a deployment of variable frequency drives are factors expected to create favourable opportunities for variable frequency drives vendors in Canada and the U.S.

Motors, when connected to variable frequency drives, receive power that comprises changeable carrier frequency, fundamental frequency, and very rapid voltage buildup. These factors can result in a negative impact, especially when existing motors are retrofitted with such drives. Currently, leading variable frequency drive manufacturers are introducing general purpose variable frequency drives with the added advantage of deployment compatibility with existing motors. This, in turn, is fuelling the growth of the variable frequency drive market in North America.

With a decreasing price of variable frequency drives, the relevant application areas are broadening. End users in North America are aware of the numerous advantages offered by variable frequency drives and are inclined towards deployment of such drives for indoor applications as well. For instance, adoption of variable frequency drives to reduce the energy consumption of swimming pool filtration and pumping systems is gaining traction in matured markets. Variable frequency drives, when installed along with a flow-meter, ensure appropriate water volume and eliminate energy wastage due to worst-case design philosophy. All these positive aspects are driving the U.S and Canada variable frequency drive market.

High deployment costs associated with medium voltage variable frequency drives is predicted to hamper the growth of the North America variable frequency drive market

Although prices of variable frequency drives have declined over the last decade, medium voltage variable frequency drives come with a high price tag. For typical applications in the industrial sector, the deployment of medium voltage variable frequency drives is expected to increase during the forecast period. However, high initial costs associated with medium voltage variable frequency drives is hampering the growth of the market.


1.North America Variable Frequency Drive (VFD) Market - Executive Summary
2.Research Methodology
3.Assumptions and Acronyms Used
4.North America Variable Frequency Drive (VFD) Market Overview
4.1. Introduction
4.1.1. Variable Frequency Drive (VFD) Market Taxonomy
4.1.2. Variable Frequency Drive (VFD) Market Definition
4.2. North America Variable Frequency Drive (VFD) Market Size and Forecast
4.2.1. North America Variable Frequency Drive (VFD) Market Y-o-Y Growth
4.2.2. North America Variable Frequency Drive (VFD) Market Absolute $ Opportunity
4.3. Variable Frequency Drive (VFD) Market Dynamics
4.3.1. Drivers
4.3.2. Restraints
4.3.3. Opportunity
4.4. Value Chain
4.5. North America Variable Frequency Drive (VFD) Market Size and Forecast, 2017-2027
4.5.1. North America Variable Frequency Drive (VFD) Market Y-o-Y Growth
4.5.2. North America Variable Frequency Drive (VFD) Market Absolute $ Opportunity
4.6. North America Variable Frequency Drive (VFD) Market Trends
4.7. North America Variable Frequency Drive (VFD) Market Snapshot (2016)
4.7.1. Market Share, By Drive Type
4.7.2. Market Share, By Voltage Range
4.7.3. Market Share, By Application Type
4.7.4. Market Share, By End-use Application
4.7.5. Market Share, By End-use Industry
4.7.6. Market Share, By Country
5.North America Variable Frequency Drive (VFD) Market Analysis and Forecast, By Country
5.1. Introduction
5.1.1. Basis Point Share (BPS) Analysis By Country
5.1.2. Y-o-Y Growth Projections By Country
5.2. Market Size and Forecast By End-use Industry
5.2.1. U.S
5.2.1.1. Absolute $ Opportunity
5.2.1.2. Market Size Forecast By End-use Industry
5.2.2. Canada
5.2.2.1. Absolute $ Opportunity
5.2.2.2. Market Size Forecast By End-use Industry
5.3. Market Attractiveness Analysis By Country
5.4. Prominent Trends
6.North America Variable Frequency Drive (VFD) Market Analysis and Forecast, By Drive Type
6.1. Introduction
6.1.1. Basis Point Share (BPS) Analysis By Drive Type
6.1.2. Y-o-Y Growth Projections By Drive Type
6.2. Market Size and Forecast By Drive Type
6.2.1. AC Drive
6.2.1.1. Absolute $ Opportunity
6.2.1.2. Market Size Forecast By Drive Type
6.2.2. DC Drive
6.2.2.1. Absolute $ Opportunity
6.2.2.2. Market Size Forecast By Drive Type
6.2.3. Servo Drive
6.2.3.1. Absolute $ Opportunity
6.2.3.2. Market Size Forecast By Drive Type
6.3. Market Attractiveness Analysis By Drive Type
6.4. Prominent Trends
7.North America Variable Frequency Drive (VFD) Market Analysis and Forecast, By Voltage Range
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis By Voltage Range
7.1.2. Y-o-Y Growth Projections By Voltage Range
7.2. Market Size and Forecast By Voltage Range
7.2.1. Low Voltage Range
7.2.1.1. Absolute $ Opportunity
7.2.1.2. Market Size Forecast By Voltage Range
7.2.2. Medium Voltage Range
7.2.2.1. Absolute $ Opportunity
7.2.2.2. Market Size Forecast By Voltage Range
7.3. Market Attractiveness Analysis By Voltage Range
7.4. Prominent Trends
8.North America Variable Frequency Drive (VFD) Market Analysis and Forecast, By Application Type
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis By Application Type
8.1.2. Y-o-Y Growth Projections By Application Type
8.2. Market Size and Forecast By Application Type
8.2.1. Standard
8.2.1.1. Absolute $ Opportunity
8.2.1.2. Market Size Forecast By Application Type
8.2.2. Regenerative
8.2.2.1. Absolute $ Opportunity
8.2.2.2. Market Size Forecast By Application Type
8.3. Market Attractiveness Analysis By Application Type
8.4. Prominent Trends
9.North America Variable Frequency Drive (VFD) Market Analysis and Forecast, By End-use Application
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis By End-use Application
9.1.2. Y-o-Y Growth Projections By End-use Application
9.2. Market Size and Forecast By End-use Application
9.2.1. Pump
9.2.1.1. Absolute $ Opportunity
9.2.1.2. Market Size Forecast By End-use Application
9.2.2. Fan
9.2.2.1. Absolute $ Opportunity
9.2.2.2. Market Size Forecast By End-use Application
9.2.3. Compressor
9.2.3.1. Absolute $ Opportunity
9.2.3.2. Market Size Forecast By End-use Application
9.2.4. Conveyor

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