Variable Frequency Drives Market Is Poised to Reach a Valuation of US$24.7 Bn by 2020
A new research study on the global variable frequency drives market, published by Transparency Market Research, estimates the market to expand at a CAGR of 7.0% between 2014 and 2020 and reach a value of US$24.7 bn by the end of the forecast period. The market report, titled "Variable Frequency Drives Market - Global Industry Analysis, Size, Share, Growth Trends And Forecast 2014 - 2020", states that the worldwide variable frequency drives market stood at US$15.48 bn in 2013.
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