RoboInd market brief: U.S. Variable Frequency Drive Market | Industry Market is estimated at USD 4.7 billion in 2023 (United States). The report cites a CAGR of 5% over 2024–2030.
Market snapshot
- USD 4.7 billion in 2023 (United States)
- USD 4.89 billion in 2024 (United States)
- USD 6.55 billion in 2030 (United States)
Stated compound annual growth rate: 5% (2024–2030).
Market overview
The U.S. variable frequency drive market size was valued at USD 4.70 billion in 2023 and is anticipated to grow at a CAGR of 5.0% from 2024 to 2030
Market drivers and constraints
- As industrial sectors expand, the demand for VFDs increases.
- In the United States, the positively growing real estate market and rising demand for energy-efficient solutions are some notable factors encouraging growth in the HVAC industry, consequently expanding the VFD market in the country.
Applications and segments
- Public report segmentation list
Competitive landscape
Public report coverage names Rockwell Automation, Inc, Yaskawa Electric Corporation, Johnson Controls International. The list reflects participants identified by the source and is not a ranking.
Reading the figures: Values follow the market definition and forecast period stated in the source report. Estimates using different scopes should not be combined without normalization.