Future Market Insights (FMI) delivers key insights on the global variable frequency drive market in its latest report titled “Variable Frequency Drive (VFD) Market: Global Industry Analysis and Opportunity Assessment, 2016 - 2026.” According to FMI’s report, the variable frequency drive (VFD) market is expected to increase at 7.2% CAGR in terms of value ... Read more
The global Variable Frequency Drive (VFD) Market is projected to reach USD 27.57 billion by 2023, at a CAGR of 5.87%, from an estimated USD 20.73 billion in 2018, by value. The growth of the VFD market is mainly driven by the increased usage of VFDs across major industry verticals, industrialization and urbanization, and increasing focus on energy efficiency.
