Variable Frequency Drives Market to Grow at 8% CAGR by 2020
VFDs are increasingly being applied in HVAC systems as energy management tools
PUNE, India — The global variable frequency drives (VFDs) market is forecast to grow steadily at a compound annual growth rate (CAGR) of nearly 8 percent by 2020, according to a report from ReportsnReports.
The market report notes that low power rating drives of less than 1 MW are slowly gaining popularity and technological advances have enabled energy-efficient devices that use low power rating drives.