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 rate of industrialization and urbanizatio

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.

Browse 87 market data Tables and 43 Figures spread through 167 Pages and in-depth TOC on "Variable Frequency Drive (VFD) Market"

The growth of this market is driven by the increasing investments in the energy and construction industries.

The VFD market is expected to grow from an estimated USD 20.73 billion in 2018 to USD 27.57 billion by 2023, at a CAGR of 5.87%, from 2018 to 2023.