Marine VFD Market Expected to Witness the Highest Growth during 2019-2024
The global marine VFD market is projected to reach USD 1,039 million by 2024 from an estimated USD 772 million in 2019, at a CAGR of 6.13% during the forecast period. This growth can be attributed to the rise in demand for energy efficiency.
The AC drive segment is expected to hold the largest share of the marine VFD market, by type, during the forecast period
The AC drive segment...