Variable Frequency Drive
As per the report published by The Brainy Insights, the global variable frequency drive is expected to grow from USD 19.72 billion in 2021 to USD 33.88 billion by 2030, at a CAGR of 6.2% during the forecast period 2022-2030.The growing number of applications of VFDs in mining, power, infrastructure, water, industrial, cement, chemical, petrochemical, among various other industries, is contributing to the growth of the global variable frequency drive market.
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