Siemens and Leading VFD Manufacturers: Shaping the USD 32 Billion Variable Frequency Drive Market by 2030
Variable Frequency Drive Market Size and Forecast
The Variable Frequency Drive market is projected to grow from USD 24.7 billion in 2025 to USD 32.0 billion by 2030, registering a Compound Annual Growth Rate (CAGR) of 5.3% during the forecast period. This expansion is underpinned by two converging forces: the increasing industrialization of emerging economies and the urgent need to reduce energy...
Variable Frequency Drive Market to Surge $26.8 billion in 2027
Global Variable Frequency Drive Market Scenario:
According to the new market research report Variable Frequency Drive Market by Type (AC, DC, Servo), Application (Pumps, Fans, Compressors, Conveyors), End User (Industrial, Infrastructure, Oil & Gas, Power), Power Rating (Micro, Low, Medium, High), Voltage and Region – Global Forecast to 2027″, is expected to grow at a CAGR...
Variable Frequency Drive (VFD) Market Projected to Reach $24.3 billion by 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...
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)...