The global variable frequency drive (VFD) market was valued at USD 28.38 billion in 2024 and is expected to grow to USD 39.67 billion by 2030, registering a compound annual growth rate (CAGR) of 5.9% from 2025 to 2030. The increasing adoption of connected devices across commercial, industrial, and residential sectors, along with the rising demand for VFDs due to benefits such as...
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