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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 rate of industrialization and urbanization. However, stagnant growth of the oil & gas industry and decrease in the exploration & production activity is hindering the growth of the variable frequency drive market.

According to a recent market study published by Growth Market Reports titled, "Global Forging Market by type, by metals/raw materials, and by application: Size, Share, Trends and opportunity Analysis, 2017-2027", the market was valued at USD 71,027.8 Million in 2019 and is expected to grow at a healthy growth rate of 4.8% by the year 2027. The forging market is anticipated to grow significantly during forecast period due to rise in demand for new an advanced part from the manufacturing of automobiles, aircrafts, shipbuilding, as well as construction, agricultural tools. Forged parts are preferred in many applications for their strength and sturdiness.

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 rate of industrialization and urbanization. However, stagnant growth of the oil & gas industry and decrease in the exploration & production activity is hindering the growth of the Variable Frequency Drive Market.

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 rate of industrialization and urbanization. However, stagnant growth of the oil & gas industry and decrease in the exploration & production activity is hindering the growth of the Variable Frequency Drive Market. Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=878 The low voltage segment is expected to hold the largest share of the Variable Frequency Drive Market, by voltage type, during the forecast period The low voltage segment, by voltage, is estimated to account for the largest share during the forecast period. Low voltage variable frequency drives are used in a wide range of applications such as pumps, fan, belt conveyor, centrifugal pumps, and centrifugal compressors. Low voltage variable frequency drives are designed for industrial applications, especially in process industries such as pulp & paper, power, water & wastewater, and oil & gas. Thus, the growing use of low voltage drives in a wide range of applications is expected to boost the growth for this segment

the global Recloser Market (including sectionalizer) is projected to reach USD 2.4 billion by 2025 from an estimated market size of USD 1.9 billion in 2020, at a CAGR of 4.8% during the forecast period. The global Recloser Market is set to witness significant growth owing to increasing power demand and expansion of transmission and distribution network globally. Additionally, increasing the share of renewable energy would also drive the grid integration projects and finally recloser and sectionalizer market.

The global Recloser Market is projected to reach USD 2.4 billion by 2025 from an estimated market size of USD 1.9 billion in 2020, at a CAGR of 4.8% during the forecast period. The global recloser market is set to witness significant growth owing to increasing power demand and expansion of transmission and distribution network globally. Additionally, increasing the share of renewable energy would also drive the grid integration projects and finally recloser and sectionalizer market.

the Oil & Gas Sensors Market is expected to grow from USD 7.4 billion in 2018 to USD 9.4 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 4.8% during the forecast period.

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 rate of industrialization and urbanization. However, stagnant growth of the oil & gas industry and decrease in the exploration & production activity is hindering the growth of the variable frequency drive market.

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 rate of industrialization and urbanization. However, stagnant growth of the oil & gas industry and decrease in the exploration & production activity is hindering the growth of the variable frequency drive market.

According to the new market research report, the "Recloser Market (including sectionalizer) is projected to reach USD 2,461 million by 2025 from an estimated market size of USD 1,943 million in 2020, at a CAGR of 4.8% during the forecast period. The factors driving the market include increasing demand of power, expansion of transmission and distribution (T&D) networks.

the Power Device Analyzer Market size will grow to USD 577 million by 2026 (forecast year) from USD 457 million in 2021 (estimated year), at a CAGR of 4.8% during the forecast period. A power device analyzer is used to measure a variety of parameters associated with power consumption and generation. Power device analyzers are mainly used for measuring different aspects of electrical power, such as voltage; current; power; peak, mean, and RMS parameters; harmonics; phase; and a variety of other parameters for various applications, including testing power electronics, inverters, motors and drives, lighting, home appliances, office equipment, power supplies, and industrial machinery. These analyzers can acquire and record data for integrated calculations used for additional and complex analysis. There are three types of power device analyzers, i.e., Both AC and DC, AC, and DC. DC analyzers allow gathering and organizing multiple instruments to complete DC measurements and sourcing tasks, while AC analyzers provide accurate measurements of power, harmonics, and efficiency in power-conversion equipment.

The global Power Device Analyzer market size will grow to USD 577 million by 2026 (forecast year) from USD 457 million in 2021 (estimated year), at a CAGR of 4.8% during the forecast period.

the Variable Frequency Drive Market is expected to grow at a CAGR of 4.8% during the forecast period, from an estimated USD 21.2 billion in 2022 to USD 26.8 billion in 2027. Variable frequency drives are increasingly being used in the industrial and infrastructure sectors. Major industries that use variable frequency drives are cement, chemical, petrochemical, mining, oil & gas, pulp & paper, and water & wastewater treatment. Variable frequency drives find applications in conveyors, fans, utility pumps, process pumps, fans, blowers, air compressors, process compressors, coolers, cooling tower fans, grinders, crushers, and chippers. These factors would drive the demand for variable frequency drive.

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 equipped with frequency converters to operate pumps and fans more efficiently, these factors are expected to drive the demand for global Variable frequency drive market.

Remote power panels play an important role in data centers by providing power distribution and monitoring capabilities. These data centers typically feature remote power panels that can be easily configured and monitored from a central location. This allows organizations to quickly and easily scale their IT infrastructure to meet ever-changing demand while also reducing the cost and complexity of managing their data centers. According to a latest research report, The global remote power panel market is projected to reach USD 1.4 billion by 2028 from an estimated USD 1.1 billion in 2023, 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 equipped with frequency converters to operate pumps and fans more efficiently, these factors are expected to drive the demand for global Variable frequency drive market. 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.

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 equipped with frequency converters to operate pumps and fans more efficiently, these factors are expected to drive the demand for global Variable frequency drive market.

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.

According to the new market research reoport, Variable Frequency Drive Market is expected to grow at a CAGR of 4.8% during the forecast period, from an estimated USD 21.2 billion in 2022 to USD 26.8 billion in 2027. Variable frequency drives are increasingly being used in the industrial and infrastructure sectors. Major industries that use variable frequency drives are cement, chemical, petrochemical, mining, oil & gas, pulp & paper, and water & wastewater treatment.

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 equipped with frequency converters to operate pumps and fans more efficiently, these factors are expected to drive the demand for global Variable frequency drive market.