Variable Frequency Drive Market Size to Reach $30.36 billion by 2029
The Variable Frequency Drive market is projected to reach USD 30.36 billion by 2029 from an estimated USD 23.46 billion in 2024, at a CAGR of 5.3% during the forecast period (2024–2029).
The growth in the VFD market is primarily driven by energy efficiency demand across industries, where reduced energy consumption is achieved by motor speed control. Gains in industrial automation as well as digitalization...
Future of E-Powertrain Market Size, Share & Trends [2032]
The electric powertrain market is projected to reach 51,288 thousand units by 2032, at a CAGR of 13.8% from 2024 to 2032. The electric powertrain market is driven by growing demand for electric vehicles. The need for extended range, & faster charging is leading to technological developments in the electric powertrain industry. Companies are working towards integrating electric powertrain components...
Marine VFD Market Size to Grow $1.6 billion by 2030
According to a research report “Marine VFD Market by End User Type (Marine Ships, and Offshore Platforms), Application ( Pump, Propulsion, Fan, Compressor, Crane & Hoist, Winch, HVAC, Steering, Scrubber, Shaft Generator, Power Electronics), & Region – Global Forecast to 2030″ published by MarketsandMarkets, the Marine VFD market is projected to reach USD 1.6 billion by 2030...
Inverter Market Development Opportunities Accelerate in 2027
According to a new market research report, the global inverter market is projected to reach USD 33.8 billion by 2027 from an estimated USD 16.3 billion in 2022, at a CAGR of 15.7% during the forecast period. The increase investments in the renewable energy sector and the government initiatives supporting the solar installations is expected to drive the demand for global Inverter market.
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