Variable Frequency Drives Market Size, Share, Analysis, Growth, Trends, Industry Report 2023-2032 | Eaton Corporation, Hitachi Hi-rel Power Electronics, Rockwell Automation

The Business Research Company’s Variable Frequency Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Variable Frequency Global Market Report 2023 evaluates variable frequency market size, growth rate, drivers, trends, and major companies.

The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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The global variable frequency drives market size grew from $17.65 billion in 2022 to $18.84 billion in 2023 at a compound annual growth rate (CAGR) of 6.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The variable frequency drives market size is expected to grow to $24.55 billion in 2027 at a CAGR of 6.9%.

The variable frequency market segments in the report are:
1) By Type: Ac Drives, Dc Drives, Servo Drives
2) By Power Rating: Low Power Rating, Medium Power Rating, Micro Power Rating, High Power Rating
3) By Application: Pumps, Fans, Compressors, Conveyors, Other Applications
4) By End-user: Food And Beverages, Oil And Gas, Power Generation, Infrastructure, Other End Users

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The table of contents in TBRC’s variable frequency market report includes:
1. Executive Summary
2. Variable Frequency Market Characteristics
3. Variable Frequency Market Trends And Strategies
4. Impact Of COVID-19 On Variable Frequency Market
5. Variable Frequency Market Size And Growth
…
27. Competitive Landscape And Company Profiles Of The Variable Frequency Market
28. Key Mergers And Acquisitions Of The Variable Frequency Market
29. Future Outlook and Potential Analysis Of The Variable Frequency Market

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