North America Variable Frequency Drive Market, By Voltage (Low Voltage, Medium Voltage, and High Voltage), By Application (Pumps, Fans, Compressors, Conveyors, Elevators, HVAC, and Others), By End-use Industry (Industrial, Commercial, Residential, Infrastructure, Oil & Gas, and Others)

Published In : Feb 2025

Code : CMI4713

Pages :170

Formats :

Excel and PDF

Industry : Industrial Automation and Machinery

North America Variable Frequency Drive Market Size and Trends

The North America variable frequency drive market is estimated to be valued at US$ 6,020.1 Mn in 2025 and is expected to reach US$ 8,253.1 Mn by 2032, exhibiting a compound annual growth rate (CAGR) of 4.6% from 2025 to 2032.

North America Variable Frequency Drive Market Key Factors

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The growth of the market can be attributed to increased industrial automation and rise in construction activities in the region North America.

Energy efficiency and cost savings

Variable frequency drives are capable of delivering significant energy savings and reducing costs for organizations. By allowing precise control of motor speed, VFDs can optimize motor performance for different applications and workload requirements. This leads to substantial energy cost reductions compared to constant speed motors which operate at full power all the time irrespective of the actual needs.

VFDs play a big role in enhancing process efficiency through features like soft start acceleration and deceleration. This reduces mechanical wear and tear on motor components extending their lifespan. Fewer replacements mean lesser maintenance and repair costs. VFD controlled motors also experience less thermal cycling that leads to less motor winding failures. The ability to control torque output helps protect cost sensitive machinery from damage. Overall, the total cost of ownership is lower with VFDs over the long run due to energy and maintenance saving benefits.