Market to be Driven by Legislation and Increasing Awareness of Energy Efficiency
The global variable speed drives (VSD) market is forecast to grow by almost 30 percent to 2018, according to a report from BSRIA, a test, instruments, research, and consultancy organization headquartered in the United Kingdom.
According to the new market intelligence report, the size of the global market for VSDs in 2013 was $839.4 million.