US Variable Frequency Drive Market worth USD 4.92 billion by 2030
The report "US Variable Frequency Drive Market by Type, Power Rating, End User (Oil & Gas, Mining & Metal, Chemicals & Petrochemicals, Power, Food & Beverage, Water & Wastewater Treatment, Automotive, Construction/Infrastructure) - Forecast to 2030" is projected to reach USD 4.92 billion by 2030 from USD 4.08 billion in 2025, exhibiting a CAGR of 3.8% during the forecast period.
Browse 80 market data Tables and 49 Figures spread through 200 Pages and in-depth TOC on "US Variable Frequency Drive Market, By Type, Power Rating, End User (Oil & Gas, Mining & Metal, Chemicals & Petrochemicals, Power, Food & Beverage, Water & Wastewater Treatment, Automotive, Construction/Infrastructure) - Forecast to 2030 "
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The US variable frequency drive market is primarily driven by energy efficiency demand across industries, where reduced energy consumption is achieved by motor speed control. Increase in industrial automation and rapid digitalization further boost the market growth as companies seek more efficient and automated systems. Thriving sectors, including oil and gas and manufacturing, require VFDs to optimize operations. These factors, along with cost reductions in VFDs, make them more accessible and attractive for various applications.
Oil & gas market is expected to be the second-largest application segment during the forecast period
The oil & gas industry is expected to represent the second-largest market share, owing to ongoing investment in upstream, midstream, and downstream infrastructure. VFDs are also finding growing adoption as a means of enhancing control, improving process efficiency, and reducing energy use within energy-intensive applications, such as pumps, compressors, drilling, and pipeline processes. Furthermore, the pursuit of reduced operating expenses, reduced unplanned downtime, and regulatory compliance with respect to safety and environmentally related issues fuels the demand for efficient and dependable VFD technology solutions in the oil & gas industry. Increasing automation and monitoring system integration within refineries and natural gas processing facilities also serves to bolster VFD sales associated with the oil & gas industry.
Servo drives segment is anticipated to grow at a commendable rate during the forecast period
Based on type, the servo drives segment is expected to grow during the forecast period, due to the increasing requirement for precise motion control in advanced manufacturing applications. Servo drives are widely employed in robotics, CNC systems, packaging, SMT, and semiconductor manufacturing as they can provide precise positioning, high dynamic performance, and excellent speed and torque control. The increasing adoption of automation, Industry 4.0 solutions, and smart manufacturing in the US is also propelling the use of servo drives. In addition, their adoption in high-speed and high-accuracy applications, such as advanced manufacturing, is propelling the market ahead.
The report profiles key players, such as Rockwell Automation (US), General Electric (US), Parker Hannifin Corp (US), and Anaheim Automation (US).
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