Variable Frequency Drive Market to Hit $26.8 billion in 2027

1. Variable Frequency Drive Market by Type (AC, DC, Servo), Application (Pumps, Fans, Compressors, Conveyors), End User (Industrial, Infrastructure, Oil & Gas, Power), Power Rating (Micro, Low, Medium, High), Voltage and Region - Global Forecast to 2027 www.MarketsandMarkets.com

2. 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 government regulations related to energy efficiency and the growing use of variable frequency drives to reduce energy consumption and enhance the efficiency of systems are projected to create lucrative growth opportunities for the variable frequency drive market players. View detailed Table of Content here – https://www.marketsandmarkets.com/Market-Reports/variable-frequency-drive-market-878.html

3. The AC Drive segment, by type, is expected to be the most significant variable frequency drive market during the forecast period The variable frequency drive market for the AC drive segment is estimated to account for the highest share of the overall market in 2021. The growth of this segment can be attributed to the growing use of AC drives in variable torque applications in various industries, such as oil & gas, water & wastewater, and mining, as they require less maintenance. Make an Inquiry: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=878

4. Thelow voltage segment is anticipated to be the fastest-growing variable frequency drive market by voltage type, during the forecast period The variable frequency drive market for the low voltage segment is expected to dominate the overall market during the review period. The growth of this segment can be attributed to the increasing demand for low voltage variable frequency drives in various process industries, such as pulp & paper, power generation, water & wastewater treatment, and oil & gas.

5. Browse >> 182 market data tables 60 figures 253 pagesand in-depth TOC on “Variable Frequency Drive Market- Global Forecast to 2027” Early buyers will receive 10% customization on this report. This is a Premium Report Priced at US $4950 for single user. Corporate User : US$8150 This study answers several questions for the stakeholders, primarily which market segments to focus on in the next two to five years to prioritize efforts and investments.

6. Asia Pacific is expected to dominate the global variable frequency drive market during the forecast period The variable frequency drive market in Asia Pacific is witnessing significant developments in the in the power generation and manufacturing sector due to industrialization, which has supported the demand for variable frequency drives across countries of the region. The industrial sector in China contributes more than 50% of its GDP, and the growth of this sector has tremendously increased power production and consumption in the country. These factors have made China one of the most lucrative markets for the power industry. Moreover, the chemicals and petrochemical sectors are also well-established in the region and are expected to contribute to the growth of the variable frequency drive market. Speak to Analyst @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=878

7. Key players - • To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the Variable Frequency Drive Market. These include • ABB (Switzerland), • Siemens (Germany), • Schneider Electric (France), • Danfoss (Denmark), • Rockwell Automation (US) among others... • Buy Now : - https://www.marketsandmarkets.com/Purchase/purchase_reportNew.asp?id=878

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