Variable Frequency Drive Market: North America
Industry Analysis & Opportunity Assessment, 2017-2027
May 2017
Report Id : REP-NA-3651
Status : May-2017
Category : Industrial Automation and Equipment
©2015 Future Market Insights, All Rights Reserved
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Research Methodology (1/2)
Systematic Research Approach
1
Market profiling
2
Formulating discussion guide
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Developing list of respondents
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In-depth secondary research is used to
ascertain overall market size, top
industry players, top products, industry
associations, etc.
PMR formulates a detailed discussion
guide to conduct expert and industry
interviews
PMR develops a list of industry players
(manufacturers), distributors, retailers
and industry experts
Data collection
PMR conducts interviews with industry
experts, industry players, distributors
and retailers
Data validation
Data is validated by triangulation
method, wherein secondary, primary
and PMR analysis contribute to the final
data
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Data analysis
Insights
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Data is scrutinized using MS-Excel to
obtain qualitative and quantitative
insights about the industry
PMR delivers industry insights and
information in the required format
(PDF)
Data
Collection
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Research &
Intelligence
Data Filter
& Analysis
Identifying key opinion leaders
Questionnaire design
In-depth interviews
Coverage across value chain
Actionable
Insights
A
Primary
Research
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B
SOLUTION
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Market participants
Key strengths
Product portfolio
Mapping as per value chain
Key focus segments
Primary Research #
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Linkedin
Zoominfo
Salesforce
Avention
Business
Solution
Desk
Research
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Key industry experts
Channel study
Developments
Market dynamics
Products
Conclusions
Company
Analysis
Secondary Research #
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Company websites
Company annual
reports
White papers
Financial reports
Paid Publications#
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Factiva
GBI
Genios
Meltwater
# includes sources of databases
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North America Variable Frequency Drive Market
North America Variable Frequency Drive Market to Reach US$ 7.70 Billion by 2027
The North America variable frequency drive market is projected to reach US$ 7.79 Bn in revenues by
2027, according to a new research by Future Market Insights. In terms of volume, 6.25 million units of
variable frequency drivers are expected to be sold in North America in 2017. The U.S. will continue to
dominate sales, accounting for nearly 78% revenue share of the market.
According to Future Market Insights, the key factors fuelling the growth of the market include,
 Increasing emphasis on energy efficiency: Process engineers are adopting energy-saving devices to
reduce operational expenses. For example, in 2015, Len Busch Roses, one of the largest nurseries for
cut-stem flowers, deployed variable frequency drive to regulate airflow in snapdragon greenhouse
with better precision.
 Introduction of general purpose variable frequency drives that are compatible with existing motors is
reducing impediments to widespread adoption.
 Variable frequency drives are being employed in a wide range of end-use applications. Installation of
variable frequency drives, along with a flow metre, results in energy savings.
Although Future Market Insights maintains a positive outlook on the North America variable frequency
drives market, few challenges can restrain growth. These include technical anomalies associated with
variable frequency drives and high initial costs of medium voltage variable frequency drives.
©2015 Future Market Insights, All Rights Reserved
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North America Variable Frequency Drive Market
AC Drive Most Sought-After
By drive type, Future Market Insights has segmented the market into AC drive, DC drive, and Servo drive.
Among these, AC drives remain the sought-after device, accounting for nearly 72% revenue share of the
market in 2016. While 4.20 million units of AC drives were sold in North America in 2016, collective sales of
DC drives and servo drives accounted for 1.64 million units.
Low Voltage Range Drives in Demand
By voltage range, Future Market Insights offers market forecast and analysis on low voltage range and
medium voltage range. End-users in North America prefer low voltage range variable frequency drives, with
this segment accounting for over 80% revenue share in 2016.
Low Demand for Regenerative Variable Frequency Drives
By application type, Future Market Insights has segmented the variable frequency drive market into
standard and regenerative. Demand for standard variable frequency drives is higher than regenerative
variable frequency drives. The former accounted for over 88% revenue share of the market in 2016.
The key end-use application segments of variable frequency drives are,
 Pump
©2015 Future Market Insights, All Rights Reserved
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North America Variable Frequency Drive Market
 Fan
 Compressor
 Conveyor
 HVAC
 Other applications
Pumps Largest End-use Application Segment
According to Future Market Insights, pumps are the largest end-use application segment, accounting for
nearly 35% revenue share of the market in 2016. In 2016, demand for variable frequency drives from this
segment was 1.90 billion units.
Oil & Gas Largest End-use Industry
By end-use industry, Future Market Insights offers market forecast and analysis on oil & gas, food
processing, automotive, mining & metals, pulp & papers, and ‘others’. The oil & gas segment accounted
for 44% revenue share of the market in 2016. Future Market Insights projects it to remain the largest
end-use industry for variable frequency drives during the period 2017-2027.
©2015 Future Market Insights, All Rights Reserved
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North America Variable Frequency Drive Market
Key companies profiled by Future Market Insights in its report include Fuji Electric Co. Ltd., Mitsubishi
Electric Corporation, Siemens AG, ABB Ltd., American Electric Technologies Inc., General Electric
Company, Hitachi Limited, Honeywell International Inc., Rockwell Automation Inc., Johnson Controls, Inc.,
Emerson Industrial Automation, Toshiba International Corporation, and Schneider Electric SE.
©2015 Future Market Insights, All Rights Reserved
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Table of Content
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
©2015 Future Market Insights, All Rights Reserved
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Table of Content
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
©2015 Future Market Insights, All Rights Reserved
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Table of Content
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
©2015 Future Market Insights, All Rights Reserved
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Table of Content
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
©2015 Future Market Insights, All Rights Reserved
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