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Variable Frequency Drive Market Size to Grow $24.3 billion by 2025 | ABB, Siemens, Schneider Electric, Danfoss, Rockwell Automation


Variable Frequency Drive Market Size to Grow $24.3 billion by 2025 | ABB, Siemens, Schneider Electric, Danfoss, Rockwell Automation
iCrowd Newswire
According to the new market research report
Variable Frequency Drive Market by Type (AC, DC, and Servo), End-Users (Industrial, Infrastructure, Oil & Gas, and Power Generation), Application (Pumps, Fans, Compressors, and Conveyors), Power Range, Voltage, and Region - Global Forecast to 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 rate of industrialization and urbanization. However, stagnant growth of the oil & gas industry and decrease in the exploration & production acti ....

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


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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 & production activity is hindering the growth of the variable frequency drive market.
The AC Drives segment, by type, is expected to be the largest market from 2020 to 2025 ....

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Variable Frequency Drive (VFD) Market Worth $24.3 Billion by 2025 - Exclusive Report by MarketsandMarkets


Variable Frequency Drive (VFD) Market Worth $24.3 Billion by 2025 - Exclusive Report by MarketsandMarkets
Variable Frequency Drive (VFD) Market
by Type (AC, DC, and Servo), End-Users (Industrial, Infrastructure, Oil & Gas, and Power Generation), Application (Pumps, Fans, Compressors, and Conveyors), Power Range, Voltage, and Region - Global Forecast to 2025 , published by MarketsandMarkets, 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 & production activity is hindering the growth of the Variable Frequenc ....

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