North America AC Drives Market was valued at USD 2.8 Billion in 2022 and is projected to reach USD 4.0 Billion by 2030, growing at a CAGR of 5.2% from 2024 to 2030.
The North American AC drives market is witnessing significant growth, fueled by rapid industrialization, increased focus on energy efficiency, and the adoption of automation across various sectors. AC drives, also known as variable frequency drives (VFDs), are essential for optimizing motor control, reducing energy consumption, and enhancing operational efficiency in industries like oil & gas, manufacturing, HVAC, and water treatment.
Several industries in North America are increasingly deploying AC drives due to their ability to improve energy efficiency and reduce operational costs. The oil & gas sector relies on AC drives for pump and compressor applications, ensuring smooth operations and energy savings. Meanwhile, the HVAC industry is integrating AC drives to regulate motor speeds in air handling units, reducing energy waste and improving climate control efficiency.
Manufacturing plants in North America are adopting AC drives to enhance production processes, especially in conveyor systems, extruders, and robotics. These drives play a crucial role in optimizing torque control and reducing maintenance costs, making them indispensable in modern industrial automation. Water and wastewater treatment plants are another major consumer of AC drives, utilizing them for pump and aeration control to maintain precise water flow and treatment processes.
The increasing emphasis on energy efficiency and sustainability is driving technological advancements in AC drives. Smart grid integration, predictive maintenance, and real-time monitoring features are now standard in many modern AC drive systems. Companies such as ABB, Siemens, Schneider Electric, and Rockwell Automation are leading the innovation race by introducing high-performance, eco-friendly drives that cater to evolving industry demands.
Government regulations promoting energy efficiency and the transition to Industry 4.0 are further accelerating the demand for AC drives. With industries seeking cost-effective solutions to meet stringent energy standards, the North American AC drives market is poised for continuous growth.
North America AC Drives Market
Get an In-Depth Research Analysis of the North America AC Drives Market Size And Forecast [2025-2032]
ABB
Danfoss
Schneider
Siemens
Mitsubishi
Fuji
Emerson
Hitachi
Parker Hannifin
Rockwell
Toshiba
WEG
Yaskawa
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
Get Discount On The Purchase of the North America AC Drives Market Size And Forecast [2025-2032]
Growing demand for below applications around the world has had a direct impact on the growth of the North America AC Drives Market
Oil & Gas
Water & wastewater
Power generation
Building Automation
Food & Beverage
Metals & Mining
Chemicals & Petrochemicals
Others
Based on Types the Market is categorized into Below types that held the largest AC Drives market share In 2023.
Low Voltage
Medium Voltage
North America (United States, North America and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
For More Information or Query, Visit @ AC Drives Market Research Analysis
1. Introduction of the North America AC Drives Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. North America AC Drives Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. North America AC Drives Market, By Type
6. North America AC Drives Market, By Application
7. North America AC Drives Market, By Geography
North America
Europe
Asia Pacific
Rest of the World
8. North America AC Drives Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
About Us: Verified Market Reports
Verified Market Reports is a leading North America Research and Consulting firm servicing over 5000+ North America clients. We provide advanced analytical research solutions while offering information-enriched research studies. We also offer insights into strategic and growth analyses and data necessary to achieve corporate goals and critical revenue decisions.
Our 250 Analysts and SMEs offer a high level of expertise in data collection and governance using industrial techniques to collect and analyze data on more than 25,000 high-impact and niche markets. Our analysts are trained to combine modern data collection techniques, superior research methodology, expertise, and years of collective experience to produce informative and accurate research.
Contact us:
Mr. Edwyne Fernandes
US: +1 (650)-781-4080
US Toll-Free: +1 (800)-782-1768
Website: https://www.verifiedmarketreports.com/