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Variable Frequency Drives Market Share, Size, Trends, Forecast and Analysis of Key Players 2024-2032 | #variable Frequency Drives Market

Variable Frequency Drives Market Share, Size, Trends, Forecast and Analysis of Key Players 2024-2032

Variable Frequency Drives Market Share, Size, Trends, Forecast and Analysis of Key Players 2024-2032

Variable frequency drives (vfd) market size reached US$ 30.8 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 47.6 Billion by 2032, exhibiting a growth rate (CAGR) of 4.9% during 2024-2032.