$26.8 Billion Variable Frequency Drive Market Projected to Grow by 2027, Growing at a CAGR of 4.8% - Report by MarketsandMarkets™ - 0 views
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Almira Coyne on 21 Jun 23The global variable frequency drive (VFD) market is expanding rapidly as companies seek more energy-efficient and optimised motor control solutions. The growing need for energy efficiency and sustainability is driving the introduction of variable frequency drives. VFDs provide for accurate control of motor speed as well as energy optimisation by regulating the power consumption of the motor based on demand. This capability results in significant energy savings, lower carbon emissions, and lower operational costs for enterprises in a variety of industries.