Variable Frequency Drive Market to Reach USD 32 31 Billion by 2029; Danfoss s Intelligent Drives Assists in Amplifying HVAC Safety with Automated System Check: Fortune Business Insights™ – Padovanews padovanews.it - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from padovanews.it Daily Mail and Mail on Sunday newspapers.
/PRNewswire/ Verified Market Research recently published a report, "Variable Frequency Drive Market" By Type (AC Drives, DC Drives), By Power Rating (Micro.
SAN FRANCISCO, June 3, 2021 /PRNewswire/ The global vacuum cleaner market size is expected to reach USD 20.66 billion by 2028, registering a CAGR of 9.6% from 2021 to 2028, according to a
Variable Frequency Drive Market Size to Grow $24.3 billion by 2025 | ABB, Siemens, Schneider Electric, Danfoss, Rockwell Automation
iCrowd Newswire
According to the new market research report Variable Frequency Drive Market by Type (AC, DC, and Servo), End-Users (Industrial, Infrastructure, Oil & Gas, and Power Generation), Application (Pumps, Fans, Compressors, and Conveyors), Power Range, Voltage, and Region - Global Forecast to 2025″ 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 hind
Share this article
Share this article
ResearchAndMarkets.com s offering.
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 AC Drives segment, by type, is expected to be the largest market from 2020 to 2025