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 Towards Huge Growth in the Coming Years
New Revenue Pockets:
The global variable frequency drive market is expected to grow at a CAGR of 4.8% to USD 26.8 billion by 2027, up from an estimated USD 21.2 billion in 2022. The increasing power generation worldwide fueling the demand for global Variable frequency drive.
Various types of variable frequency drives are available in the market that can be customized according to the requirement...
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...