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Variable Frequency Drive Market 2016-2020 Global Outlook Report

The global variable frequency drives market is highly fragmented because of the presence of numerous small and large suppliers. The providers in this market compete on the basis of price, quality, and value-added services to gain maximum market traction during the forecast period.

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Variable Frequency Drive Market 2020 Outlook in New Research Report

The market research analyst predicts the global variable frequency drives (VFD) market to grow steadily at a CAGR of nearly 8% by 2020. The need for manufacturers to optimize their manufacturing processes and cut operational costs by reducing energy consumption is the primary growth driver for this market. The prospects for growth in this market are impelled by the growing preference for electric motors in household appliances, automobiles, aerospace, industrial, and other transportation equipment over mechanical and hydraulic motors.

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201 views • 6 slides

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Vfd market - PowerPoint PPT Presentation

Variable Frequency Drive Market 2016-2020 Global Outlook Report

Variable Frequency Drive Market 2020 Outlook in New Research Report