Variable Frequency Drive (VFD) Market Analysis: Anticipated Growth at 5% CAGR from 2021 to 2031 fmiblog.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fmiblog.com Daily Mail and Mail on Sunday newspapers.
Boost in Construction & Automotive Sector Have Generated Massive Sales Exceeding 32 million units in 2020 in global Variable Frequency Drive (VFD) Market. US currently leads the global market
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DUBAI, UAE / ACCESSWIRE / January 20, 2021 / Global Variable Frequency Drive (VFD) volume sales surpassed 32 million units in 2020. The demand for VFD is still expected to augment due to improving reliability and performance. Moreover, VFD developments are inclining towards industry-specific solutions which are creating competition among leading companies.
Leading research and consulting firm, Future Market Insights (FMI), in its latest study, finds that the market is set to grow at a value CAGR exceeding 5? through 2031.
Worldwide Capital Infrastructure Projects to Influence Production Among Manufacturers
Capital Infrastructure Projects are part and parcel of urbanization. These projects are set to contribute to economic growth in the long run. Therefore, emerging economies in Asia are seen as a lucrative market because of construction activities and automation industry productions surge vigorously.