Variable Frequency Drive Market: North America Industry Analysis and Opportunity Assessment, 2017–2027

New York, USA, 2017-Sep-01 — /EPR Network/ —

In North America, with the aim of reducing energy consumption, process engineers as well as other executives managing the operation department are progressively inclined towards the deployment of variable frequency drives. Furthermore, this factor is expected to pump the growth of the variable frequency drive market in the regions of Canada and U.S. To study in-depth about the concerned market, a new study has been added to the wide database of Market Research Reports Search Engine (MRRSE). The research report is titled “Variable Frequency Drive Market: North America Industry Analysis and Opportunity Assessment, 2017–2027”, which discusses the revenue contribution, market size as well as forecasted opportunities created in the North American region.

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As per key research statistics, the U.S. variable frequency drive market in 2016 was valued at more than US$ 3,300 Mn. Further, it is estimated to rise at a little more than US$ 3,500 Mn by 2017 end. On the other hand, the Canada market is anticipated to form incremental dollar opportunity of more than US$ 600 Mn during the period between 2016 and 2027 in the North America variable frequency drive market.

The research report starts with market overview which offers a brief idea about the variable frequency drive market in North America. Ranging from market definition to market taxonomy, everything can be gathered from this section. Further, details about market size and forecast for the time period 2017 to 2027 can be acquired without any hassle. Market influencing factors such as drivers, restraints, opportunity and value chain evaluation is easily enclosed in this intelligent report.

As the report proceeds, the readers can acquire knowledge about the various market segmentations. Based on country, the U.S. and Canada regions are studied on the basis of different factors such as BPS analysis, Y-o-Y growth projections and absolute $ opportunity. Further, this segment also includes the prominent trends prevailing in these regions. Furthermore, segregation based on drive type includes AC drive, DC drive and Servo drive. Considering the application segmentation, the North American market for variable frequency drive is divided into Standard and Regenerative.

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As per research analytics and data acquisition, the leading variable frequency drive manufacturers in North America are introducing general purpose variable frequency drives merged with the added advantage of deployment compatibility with existing motors. This fact is fuelling the growth of the variable frequency drive market in the concerned market.

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