Global Variable Frequency Drive Market (2020 to 2025) - Upgradation of Power Infrastructure Across the Globe Presents Opportunities
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...
Source: prnewswire.com