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 an incremental dollar opportunity of close to US$ 3,000 Mn between 2016 and 2027 in the North American variable frequency drive market. In terms of market value, the Canadian 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%.
Escalating strength costs has created the want for power-green motor manipulation structures. To decrease electricity intake, procedure engineers and other executives dealing with the operation branch are increasingly inclined closer to the deployment of variable frequency drives. It acts instead to throttling gadgets along with well-known valves, business valves, dampers, and stuck speed controllers.
This thing is predicted to boost the increase of the variable frequency force marketplace in the united states of America and Canada. The emergence of new application regions coupled with advantages inclusive of the low operational cost of systems with the deployment of variable frequency drives are factors predicted to create beneficial opportunities for variable frequency drive companies in Canada and the U.S.
vehicles, when connected to variable frequency drives, obtain energy that accommodates changeable carrier frequency, fundamental frequency, and very fast voltage buildup. those elements can bring about a poor impact, in particular, whilst existing automobiles are retrofitted with such drives. currently, leading variable frequency pressure manufacturers are introducing trendy motive variable frequency drives with the delivered benefit of deployment compatibility with existing electric motors. This, in flip, is fuelling the growth of the variable frequency pressure market in North the united states.
With a lowering charge of variable frequency drives, the relevant software regions are broadening. give up customers in North us are aware of the numerous advantages supplied using variable frequency drives and are willing to the deployment of such drives for indoor programs as properly. for example, the adoption of variable frequency drives to reduce the electricity consumption of swimming pool filtration and pumping systems is gaining traction in matured markets.
Variable frequency drives, whilst established together with a floating meter additionally called a clever flow meter, ensure suitable water quantity and do away with energy wastage due to the worst-case design philosophy. a lot of these wonderful components are using the united states of America and Canada variable frequency force market.
although prices of variable frequency drives have declined during the last decade, medium voltage variable frequency drives come with an excessive price tag. For regular packages within the commercial zone, the deployment of medium voltage variable frequency drives is expected to increase all through the forecast length. but, high initial costs associated with medium voltage variable frequency drives are hampering the growth of the market.
- The U.S.
By Drive Type:
- AC Drive
- DC Drive
- Servo Drive
By Voltage Range:
- Low Voltage Range
- Medium Voltage Range
By Application Type:
By End-Use Application:
By End-Use Industry:
- Oil & Gas
- Food Processing
- Mining & Metals
- Pulp and Papers