Latest Market Research Report 2025

  The global  variable frequency drive market  size is estimated to reach USD 39.67 billion by 2030, registering a CAGR of 5.9% from 2025 to 2030, according to a new report by Grand View Research, Inc. The rapid development of semiconductor technology and rising consumer awareness of the benefits of energy-efficient products are two factors anticipated to fuel the expansion of the market. Similarly, the rising energy demand worldwide and the use of variable frequency drives (VFDs) to regulate the flow and speed of the fan to prevent energy loss are anticipated to promote the growth of the global market in the years to come.   More than 90% of the energy expended in the U.S. is used by residential refrigeration and HVAC systems equipment. VFDs aid in managing the speed of the motor in HVAC systems and reduces power consumption, which is expected to boost the growth of the market. Rising awareness about conserving energy and approaches to reducing excessive energy...

  Variable Frequency Drive Industry Overview The global variable frequency drive market size was valued at USD 25.92 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 5.6% from 2023 to 2030. Increasing penetration of connected devices in various sectors such as commercial, industrial, and residential sectors, coupled with rising demand for variable frequency drive (VFD) owing to their advantages such as dynamic torque control energy-saving and adjustable speed from industries such as oil & gas, automotive and power generation are major factors expected to drive the market in a positive trajectory. Additionally, increasing investment in infrastructure development is resulting in high demand for Heating, ventilation, and air conditioning (HVAC) systems which call for solutions to improve infrastructure energy output is another factor that is expected to positively impact the market growth. Gather more insights about the market drivers, restrains...

  Variable Frequency Drive Industry Overview The global variable frequency drive market size was valued at USD 24.9 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 5.5% from 2022 to 2030.  Increasing penetration of connected devices in various sectors such as commercial, industrial, and residential sectors, coupled with rising demand for variable frequency drive (VFD) due to their benefits such as adjustable speed, dynamic torque control, and energy-saving from sectors such as power generation, automotive, and oil & gas are crucial factors expected to drive the market growth. Additionally, increasing investment in infrastructure development is resulting in high demand for HVAC systems which calls for solutions to improve building energy efficiency this factor is expected to positively impact the target market growth. Gather more insights about the market drivers, restrains and growth of the Global Variable Frequency Drive M...