NORTH AMERICA VARIABLE FREQUENCY DRIVE MARKET ANALYSIS

Key Developments

• In August 2023, Danfoss A/S, a global leader in engineering solutions, introduced the VLT Real-time Clock MCB 117 option across its entire lineup of VLT drives. This new feature enhances data precision by providing a reliable, battery-backed system clock, which simplifies error analysis and troubleshooting. The addition improves event understanding and root cause identification, thanks to its easy installation and synchronization, offering superior operational insights for Danfoss's extensive range of VLT drives.
• In September 2022, Fuji Electric Co., Ltd., a leading provider of power electronics and energy solutions, announced its development of a virtual power plant, which it believes is essential for promoting the adoption of renewable energy sources.
• In May 2022, Schneider Electric, a global leader in digital transformation and energy management, reaffirmed its dedication to helping customers future-proof their operations by expanding its service portfolio with the EcoStruxure Service Plan for variable speed drives (VFDs). Previously available for other electrical assets, this plan now provides proactive maintenance, expert guidance, and digital monitoring specifically tailored for VFDs.