Variable Frequency Drives: U.S. Municipal Industry Trends & Market Forecast
U.S. water & wastewater utilities are increasingly seeking alternatives to become more energy-efficient, drive down operating costs, address resiliency and upgrade deteriorating infrastructure. As such, electric drives for motors and pumps are taking on a critical role in achieving these goals.
Variable frequency drives, which regulate the speed and rotational force, or torque output, of an electric motor, provide the potential to reduce energy consumption up to 30%.
Catalyzed by increasing pressure on utilities to address energy and water efficiency, growing urban populations, and tightening environmental regulation, annual investment in drives is expected to more than double from US$279 million in 2017 to US$607 million by 2026.
In this Market Insight, Bluefield water experts analyze:
- The Municipal Water Landscape for Drives Technology
- Drives Technology Competitive Landscape
- Municipal Utility Drives Infrastructure CAPEX Forecast
- Drives Manufacturer Profiles