Variable Frequency Drive (VFD) Market to Expand at a Robust 8.5% CAGR During 2016-2026
Smart grid technology has been anticipated to create lucrative growth avenues for VFD (variable frequency drive) manufacturers in the forthcoming years. This is primarily attributed to the developing applications of VFD (variable frequency drive) in smart grids for varying voltage and phase angle required. This in turn ensures more effective transmission of electricity. Key plyers in VFD (variable frequency drive) market are taking immense efforts in focusing on introducing bundled solutions for reducing customer buying efforts, thus improving overall customer...
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