Story Tag: Variable Frequency Drive
Global Variable Frequency Drive (VFD) Market – Analysis and Forecast (2021-2027) vynzresearchindustryinsights.blogspot.com
Need for energy efficiency, increasing the use of variable frequency drive in various industries, and favorable regulatory environment is the major drivers witnessed in the market that are driving the market growth. Electric motors are responsible for almost 65% of the power consumption in the industry.