Frequency Drive Application Outlook News Today : Breaking News, Live Updates & Top Stories | Vimarsana

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FELTON, Calif., Jan. 12, 2021 /PRNewswire/ The global variable frequency drive (VFD) market size is projected
to reach USD 37.4 billion by 2027 and registering 6.5% CAGR during the forecast period from 2020 to 2027, according to a new report by Million Insights. Growing technological advancements in developing economies and increasing awareness for energy efficiency are key factors driving the growth of the market.
Government across several countries are striving to increase awareness regarding energy efficiency, which is expected to be one of the major factors for market growth. For example, the International Energy Agency (IEA) invested around USD 240 billion in energy efficiency across buildings, industry sectors and transport. ....

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