Global Variable Frequency Drive News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Share this article Share this article ResearchAndMarkets.com's offering. 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 rate of industrialization and urbanization. However, stagnant growth of the oil & gas industry and decrease in the exploration & pr...

(1) DUBAI, UAE / ACCESSWIRE / January 20, 2021 / Global Variable Frequency Drive (VFD) volume sales surpassed 32 million units in 2020. The demand for VFD is still expected to augment due to improving reliability and performance. Moreover, VFD developments are inclining towards industry-specific solutions which are creating competition among leading companies. Leading research and consulting firm, Future Market Insights (FMI), in its latest study, finds that the market is set to grow at a value CAGR exceeding 5? through 2031. Worldwide Capital Infrastructure Projects to Influence Production A...