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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 is Expected to Grow $27.57 billion by 2023 | Leading key players are ABB , Siemens, Schneider Electric, Danfoss, Rockwell

Global Variable Frequency Drive Market is Expected to Grow $27.57 billion by 2023 | Leading key players are ABB , Siemens, Schneider Electric, Danfoss, Rockwell
newyorktelegraph.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from newyorktelegraph.com Daily Mail and Mail on Sunday newspapers.

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