U.S. variable frequency drive market revenue is anticipated to expand at a moderate CAGR over the period 2017–2027
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 incremental dollar opportunity of close to US$ 3,000 Mn between 2016 and 2027 in the North America variable frequency drive market. In terms of market value, the Canada 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%. Revenue contribution from the variable frequency drive market in Canada is expected to increase at a CAGR of 4.8% over the forecast period. The Canada market is anticipated to create incremental dollar opportunity of more than US$ 600 Mn between 2016 and 2027 in the North America variable frequency drive market.
Upsurge in energy prices and technological advancements in variable frequency drives are anticipated to fuel revenue growth of the variable frequency drive market in U.S. and Canada
Escalating energy prices has created the need for energy-efficient motor control systems. With the aim of reducing energy consumption, process engineers and other executives managing the operation department are increasingly inclined towards deployment of variable frequency drives. It acts as a substitute to throttling devices such as valves and dampers and fixed speed controllers. This factor is expected to boost the growth of the variable frequency drive market in the U.S and Canada. The emergence of new application areas coupled with advantages such as the low operational cost of systems with a deployment of variable frequency drives are factors expected to create favourable opportunities for variable frequency drives vendors in Canada and the U.S.
Variable Frequency Drive Market: High Absolute Dollar Opportunity to be Witnessed in 2027 over 2026 Owing to Fresh Investments in Power and Automotive Industry: North America Industry Analysis and Opportunity Assessment, 2017–2027Buy Now
Custom Market Research Services
xploreMR offers custom market reserch services that help clients to get information on their business scenario required where syndicated solutions are not enough
Why Choose XploreMR
Our analysts go above and beyond to answer your specific queries. We are with you throughout the entire journey – from initial discussion to post-purchase.
Country-wise Analysis & Forecasting
As we track markets at country-level, we are able to offer hard-to-find market intelligence in both developed and emerging countries.
High Quality At Competitive Pricing
We believe high quality market research shouldn’t be out of reach for businesses. Our competitively-priced market research reports ensure businesses of all sizes have access to quality information
A recent market study published by XploreMR on the Domestic booster pumps market includes global industry analysis for 2015-2019 & opportunity assessment for 2020-2030, and delivers a comprehensiv ...
Infused Dried Fruits Market (Fruit Type: Raisins, Apples, Apricots, Peaches, Mangoes, Papaya, Strawberry, Raspberry, Blueberry, Cranberries, Cherry [Sour Cherries and Sweet Cherries], Quince, and Others; Nature: Organic and Conventional; Product Type: Fruit Juice/Juice Concentrate Infused, Sugar Infused, and Others; Application: Breakfast Cereals, Bakery Products [Cakes, Bread, and Others], Dairy & Frozen Dessert Products [Ice creams, Yogurt, and Others], Salads, and Others; and Sales Channel: Direct Sales and Indirect Sales [Modern Trade, Convenience Stores, Departmental Stores, Online Retailers, Traditional Grocery Stores, and Other Sales Channel]) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019 - 2029
Infused Dried Fruits Market - Scope of the Report XploreMR has recently published a market study on the infused dried fruits market. It provides a detailed assessment of key market dynamics, inc ...