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...
Variable Frequency Drive Market: Everything You Need To Know By 2027
Variable frequency drives are increasingly being used in the industrial and infrastructure sectors. Major industries that use variable frequency drives are cement, chemical, petrochemical, mining, oil & gas, pulp & paper, and water & wastewater treatment. Variable frequency drives find applications in conveyors, fans, utility pumps, process pumps, fans, blowers, air compressors, process...
Variable Frequency Drive Market Size, Share and Global Market Forecast to 2027
The industry for variable frequency drives, or VFDs, is undergoing a revolutionary upswing, and users are leading this shift. The market for variable speed drives, or VFDs, is expanding as businesses aim for increased sustainability and efficiency. Variable frequency drives enable motors to run based on required current demand, rather than running at full speed and reducing output using mechanical...
Variable Frequency Drive Market Analysis 2023: A Deep Dive into Trends, Key Players, and Future Trajectory
The global variable frequency drive market is projected to reach USD 26.8 billion by 2027 from an estimated USD 21.2 billion in 2022, at a CAGR of 4.8% during the forecast period. Variable frequency drives enable motors to run based on required current demand, rather than running at full speed and reducing output using mechanical controls such as throttles, dampers, or gears. Electric motors can be...
Variable Frequency Drive Market Foreseen to Grow Exponentially by 2027
The global variable frequency drive market is projected to reach USD 26.8 billion by 2027 from an estimated USD 21.2 billion in 2022, at a CAGR of 4.8% during the forecast period. Variable frequency drives enable motors to run based on required current demand, rather than running at full speed and reducing output using mechanical controls such as throttles, dampers, or gears. Electric motors can be...
Variable Frequency Drive Market Demand Gains Through 2027
The global variable frequency drive market is projected to reach USD 26.8 billion by 2027 from an estimated USD 21.2 billion in 2022, at a CAGR of 4.8% during the forecast period. Variable frequency drives enable motors to run based on required current demand, rather than running at full speed and reducing output using mechanical controls such as throttles, dampers, or gears. Electric motors...
Variable Frequency Drive Market to Surge $26.8 billion in 2027
Global Variable Frequency Drive Market Scenario:
According to the new market research report Variable Frequency Drive Market by Type (AC, DC, Servo), Application (Pumps, Fans, Compressors, Conveyors), End User (Industrial, Infrastructure, Oil & Gas, Power), Power Rating (Micro, Low, Medium, High), Voltage and Region – Global Forecast to 2027″, is expected to grow at a CAGR...
Variable Frequency Drive (VFD) Market Projected to Reach $24.3 billion by 2025
The global variable frequency drive market is projected to reach USD 24.3 billion by 2025 from an estimated USD 19.2 billion in 2020, at a CAGR of 4.8% during the forecast period. This growth can be attributed to factors such as growing regulations towards energy efficiency, upgradation & modernization of aging infrastructure for safe & secure electrical distribution systems, and increasing...