Variable Frequency Drive Market to Hit $26.8 billion in 2027

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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
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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
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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
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The low 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.

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Browse gtgt 182 market data
tables 60 figures
253 pages and 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 US8150 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.
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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
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• 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...
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  hase/purchase_reportNew.asp?id878

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