Technology Research Reports Variable Frequency Drive Market

Variable Frequency Drive Market Analysis, Size, Growth, Share
& Forecast to 2025 | Grand View Research Inc.
“WMS Market Size Worth $5.72 Billion By 2025 | CAGR: 16.3%”
The global variable frequency drive (VFD) market size is expected to reach USD 33.10 billion by 2025,
according to a study conducted by Grand View Research, Inc., posting a CAGR of 6.7% during the forecast
period. Growing awareness and demand for energy efficiency, favorable government norms and regulations,
and rising technological advancements are likely to provide a fillip to the market. Integration of VFDs with
electric drives enable end-users to control the speed and torque of drives. It thereby, helps in increasing their
operating efficiency and concurrently reducing the energy consumption.
A large number of VFD manufacturers such as ABB, Ltd., Danfoss Global, Siemens AG, and Schneider
Electric SE are developing differentiated products on the basis of functionalities, along with integrated sensors,
to maintain their strong foothold in this price sensitive arena. Asia Pacific is projected to dominate the market
during the forecast period due to improving economic conditions and rapid industrialization. Additionally,
increasing commercial activities are augmenting the market in the region.
Stringent government regulations mandating the use of energy efficient devices, along with increasing energy
prices, are also encouraging deployment of VFDs across multiple market domains. Additionally, rising
investments in promoting energy efficiency are escalating the growth of the variable frequency drive market.
Browse Details of Report @ https://www.grandviewresearch.com/industry-analysis/variable-frequency-speed-
drives-vfd-vsd-market
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