comparemela.com

Latest Breaking News On - High demand in wide range of industries - Page 1 : comparemela.com

Global Variable Frequency Drive Market (2020 to 2025) - Upgradation of Power Infrastructure Across the Globe Presents Opportunities

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

© 2024 Vimarsana

vimarsana © 2020. All Rights Reserved.