Variable Frequency Drive (VFD) Market Set for Rapid Growth and Trend, by 2022 | ABB, Siemens, Schneider Electric, Danfoss, and Rockwell
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.
The variable
frequency drive (VFD)...