Variable Frequency Drive Market Analysis 2023: A Deep Dive into Trends, Key Players, and Future Trajectory
The global variable frequency drive market is projected to reach USD 26.8 billion by 2027 from an estimated USD 21.2 billion in 2022, at a CAGR of 4.8% during the forecast period. Variable frequency drives enable motors to run based on required current demand, rather than running at full speed and reducing output using mechanical controls such as throttles, dampers, or gears. Electric motors can be...
Variable Frequency Drive Market Foreseen to Grow Exponentially by 2027
The global variable frequency drive market is projected to reach USD 26.8 billion by 2027 from an estimated USD 21.2 billion in 2022, at a CAGR of 4.8% during the forecast period. Variable frequency drives enable motors to run based on required current demand, rather than running at full speed and reducing output using mechanical controls such as throttles, dampers, or gears. Electric motors can be...
Variable Frequency Drive Market Towards Huge Growth in the Coming Years
New Revenue Pockets:
The global variable frequency drive market is expected to grow at a CAGR of 4.8% to USD 26.8 billion by 2027, up from an estimated USD 21.2 billion in 2022. The increasing power generation worldwide fueling the demand for global Variable frequency drive.
Various types of variable frequency drives are available in the market that can be customized according to the requirement...
Variable Frequency Drive Market Demand Gains Through 2027
The global variable frequency drive market is projected to reach USD 26.8 billion by 2027 from an estimated USD 21.2 billion in 2022, at a CAGR of 4.8% during the forecast period. Variable frequency drives enable motors to run based on required current demand, rather than running at full speed and reducing output using mechanical controls such as throttles, dampers, or gears. Electric motors...
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...
Marine VFD Market Likely to Boost Future Growth by 2026
According to the new market research report “Marine VFD Market by Type (AC Drive, DC Drive), Voltage (Low Voltage, Medium Voltage), Application (Pump, Fan, Compressor, Propeller (With Shaft Generator, Without Shaft Generator), Crane & Hoist), and Region – Global Forecast to 2026 “ size will grow to USD 1,075 million by 2026 (forecast year) from USD 804 million in 2021 (estimated...
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...
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...