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Variable Frequency Drive Market

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Variable Frequency Drive Market By Drive Type (AC Drive, DC Drive, Servo Drive), By Voltage Range (Low Range, Medium Range), By Application (Pump, Fan, Compressor, Conveyor, HVAC, Others), By End User (Oil & Gas, Food Processing, Automotive, Mining & Metals, Pulp & Papers, Others) - Growth, Share, Opportunities & Competitive Analysis, 2016 - 2024

Growing focus of end user organizations to enhance energy efficiency and business productivity is driving growth of the variable frequency drive market across the globe. Also, compatibility of advanced variable frequency drives with existing motors is increasing the uptake across various end user verticals. Further, broadening application area is expected to increase the adoption of variable fr...

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Variable Frequency Drive Market

Variable frequency drivers are motor controllers driving electric motors by altering the voltage and frequency. They’re also called AC drivers, inverters, and adjustable frequency drivers and are used in several appliances like pumps, compressors, and control of fans. 

 

Multiple drivers develop the international VFD market. A few prominent ones include high energy effectiveness, improved system reliability, optimal performance, high demand in food & beverage, power generation, oil & gas sectors, and a spike in automation. 

 

In addition, the ongoing government initiatives to promote energy-saving practices are likely to escalate market growth further. But the VFD’s extensive installation cost can restrain this overall development. 

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