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Global Variable Frequency Drive Market Report, Insight, Demand Analysis, and Forecast to 2028

Global Variable Frequency Drive Market, By Type (AC Drive, DC Drive, and Servo Drive); By Voltage (Low Voltage, Medium Voltage); By Application (Pumps, Conveyors, Fans, Compressors, and Others); By End-Use (Oil & Gas, Industrial, Power, and Infrastructure); and By Region (North America, Europe, Asia Pacific, South America, and the Middle East & Africa)-Global Forecast to 2028.

Frequently Asked Questions (FAQ):

The frequency and voltage of an electric motor’s power supply are controlled by a variable frequency drive (VFD), a form of the motor controller. The VFD can also control the motor’s ramp-up and ramp-down during start and stop. Adjustable speed drive, variable speed drive, adjustable frequency drive, inverter AC drive, and Microdrive are used to describe VFDs.

The global Variable Frequency Drive market is estimated to reach USD 41.5 billion in 2030, with a growth rate of 6.8% during the forecast period 2022-2030. It was valued at USD 25.2 billion in 2022.

The variable frequency drive (VFD) market is growing due to rising investments in infrastructure development and increased use of VFDs across various industry verticals. Furthermore, as the use of connected devices grows in the commercial, industrial, and residential sectors and technological improvements, the demand for variable frequency drives is predicted to rise internationally.

The stagnant growth of oil & gas industries is predicted to create an obstacle to the growth of the global market over the forecasted period by 2028.

The Asia Pacific is expected to dominate the Variable Frequency Drive Market and continue this growth rate.

ABB, Eaton, General Electric, Hitachi Ltd., Rockwell Automation Inc., Schneider Electric, Siemens AG, The Danfoss Group, WEG SA, Yaskawa Electric Corporation, and Other prominent players.

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